Cibus reports Q2 2026 results, lifts rice launch guidance to 2028

On Thursday, Cibus (NASDAQ: CBUS ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

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Access the full call at Summary Cibus reported a 35% increase in revenue year-to-date, driven by its Sustainable Ingredients program, though total revenue for the quarter was $1 million, up from $0.9 million in the previous year.

The company is focusing on three strategic areas: platform program revenue, trait royalty business, and deepening partnerships, with significant progress in Sustainable Ingredients and Rice programs.

Cibus updated its guidance for initial commercial rice launches in Latin America to 2028, with potential royalties from this market expected to contribute significantly to future revenues.

The company reduced its R&D and SG&A expenses by nearly $5 million year-over-year, maintaining a focus on cost discipline while planning to invest in technology and personnel for growth.

Cibus highlighted a favorable regulatory environment, particularly in the EU, where new rules treat gene-edited crops similarly to conventionally bred ones, potentially accelerating market opportunities.

Full Transcript OPERATOR (Operator) To ask questions.

Please also note today's event is being recorded.

At this time, I would like to turn the conference call over to Carlo Bruce, Interim Chief Financial Officer.

Sir, please go ahead.

Carlo Bruce, Interim Chief Financial Officer Thank you and good afternoon.

I would like to thank you for taking the time to join us for Cibus' second quarter 2026 financial results and business update conference call and webcast.

Presenting with me today is Craig Wischner, our Chief Executive Officer, and Peter Beetham, co—founder, President and Chief Operating Officer.

Greg Goatchel, Chief Scientific Officer, is available to participate during the Q&A portion of the call.

Before we begin the call, I'd like to remind everyone that statements made on the call and webcast, including those regarding future financial results and future operational goals and industry prospects, are forward—looking and may be subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call.

Please refer to Cibus' SEC filings for a list of associated risks.

The conference call is being webcast.

The webcast link along with our press release and corporate presentation are available on the investor relations section of cibus.com to assist you in your analysis of our business.

And with that, I would like to turn the call now over to Craig.

Craig Wischner, Chief Executive Officer Thank you, Carlo, and good afternoon everyone.

This is my first earnings call as CEO and I want to start with why I'm here.

Cibus has built something rare over 25 years.

I joined the Cibus board because the technology and the people are world class.

And I accepted the job of CEO because I believe we can generate revenue at scale.

That is my mission.

I studied biochemistry and molecular biology at UC San Diego in the city where our labs are today, and I've spent more than 30 years building technology companies and managing investments.

For the last 17 of those years, I've managed organic and regenerative farmland on behalf of investors, where we drove higher returns on assets through the implementation of technology and smarter farming practices.

And we now have over $400 million of pristine cropland in Washington State, California and Oregon.

I know firsthand the pressures that growers are under.

Fertilizer costs more than it used to, and every grower I know is looking for a way to get more out of what they can afford.

That is who Cibus serves.

A grower works with what is in front of them: equipment, water, chemistry, better practices in the field.

The seed is at the top of that list.