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Red Flags Detected

  • Going Concern Doubt (new) — The company has disclosed substantial doubt about its ability to continue as a going concern, a new red flag not present in the prior year.
  • Going Concern Doubt (new) — The company has disclosed substantial doubt about its ability to continue as a going concern due to limited cash and uncertainty about obtaining additional funding.
  • Going Concern Doubt (new) — The Company has disclosed substantial doubt about its ability to continue as a going concern, a new red flag not present in the prior year.
NASDAQ: TPST Tempest Therapeutics, Inc. 10-K

Tempest Therapeutics reduced its net loss by 37.2% to $26.3M in 2025, but disclosed substantial doubt about its ability to continue as a going concern.

Filed March 30, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 27, 2025 · ~1 min read

Key Changes

  • high

    Research and development expense decreased 55.7% to $12.6M, which the company attributes to re-prioritizing efforts towards exploring strategic alternatives.

  • high

    In February 2026, the company completed the acquisition of a portfolio of dual-targeting CAR-T product candidates, issuing 8,268,495 shares of our common stock.

  • medium

    The company repaid its Oxford Loan in full in April 2025, eliminating the $6.4M balance outstanding at the end of 2024.

1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify