COMPASS Pathways plc (CMPS) Q3 2025 TL;DR
Financial Performance & Valuation Impact: CMPS reported a significantly widened nine-month Net Loss of \((194.0M)\) versus \((111.8M)\) in 2024, resulting in diluted loss per share of \((\\)2.09)\(. Net Cash Used in Operations accelerated to \)(119.5M)\(. This decline was primarily driven by a substantial non-cash charge related to the **Fair Value Change of Warrant Liabilities** (\)(84.4M)\( YTD and \)(101.3M)$ in Q3 alone), which was zero in the prior year. Operating expenses remained relatively controlled, with R&D investment slightly increasing. The A
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