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Viking Therapeutics, Inc. (VKTX) Q4 2025 Earnings Call Transcript

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Q4: 2026-02-11 Earnings Summary

EPS of -$1.38 misses by $0.48

 | Revenue of $0.00 beats by $0.00

Viking Therapeutics, Inc. (VKTX) Q4 2025 Earnings Call February 11, 2026 4:30 PM EST

Company Participants

Brian Lian – President, CEO & Director
Gregory Zante – Chief Financial Officer
Neil Aubuchon – Chief Commercial Officer

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Conference Call Participants

Stephanie Diaz – Vida Strategic Partners, Inc.
Timur Ivannikov – Cantor Fitzgerald & Co., Research Division
Joon Lee – Truist Securities, Inc., Research Division
Hardik Parikh – JPMorgan Chase & Co, Research Division
Tsan-Yu Hsieh – William Blair & Company L.L.C., Research Division
William Wood – B. Riley Securities, Inc., Research Division
Jiale Song – Jefferies LLC, Research Division
Annabel Samimy – Stifel, Nicolaus & Company, Incorporated, Research Division
Biren Amin – Piper Sandler & Co., Research Division
Rohit Bhasin – Morgan Stanley, Research Division
Thomas Smith – Leerink Partners LLC, Research Division
Yale Jen – Laidlaw & Company (UK) Ltd., Research Division
Ryan Deschner – Raymond James & Associates, Inc., Research Division

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Presentation

Operator

Welcome to the Viking Therapeutics Fourth Quarter and Full Year 2025 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded today, February 11, 2026.

I would now like to turn the call over to Viking’s Manager of Investor Relations, Ms. Stephanie Diaz. Please go ahead, Stephanie.

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Stephanie Diaz
Vida Strategic Partners, Inc.

Hello, and thank you all for participating in today’s call. Joining me today is Brian Lian, Viking’s President and CEO; and Greg Zante, Viking’s CFO.

Before we begin, I’d like to caution that comments made during this conference call today, February 11, 2026, will contain forward-looking statements under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including statements about Viking’s expectations regarding its development activities, time lines and milestones. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially and adversely, and reported results should not be considered as an indication of future performance.

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Review: Snake + Herring brings the magic

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REVIEW: A proudly Porongurup product from a couple of highly experienced wine people.

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Trump administration moves to fire new US attorney appointed by judges

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Main Street economy catches fire with January jobs report as expert credits Trump’s tax certainty

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Main Street economy catches fire with January jobs report as expert credits Trump's tax certainty

Washington skeptics were quieted Wednesday morning as the January jobs report beat expectations, revealing a resilient American workforce that added 130,000 jobs to start the year.

While experts predicted a winter chill for hiring, the 4.3% unemployment rate tells a different story — one of a Main Street economy — showing renewed strength. According to Patrice Onwuka of the Independent Women’s Center for Economic Opportunity, this isn’t just a lucky break; it’s the direct result of “one big, beautiful bill” giving businesses the tax certainty they need to build, hire and grow.

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“Today’s January jobs report is strong and, importantly, beat expectations. This should inspire more hope for unemployed workers, but also boost confidence in the economy among Americans broadly,” Onwuka told Fox News Digital.

“Workers are being drawn back into the labor force because they believe they can find work,” she added. “Also, the tax cuts will boost employment. As workers also realize just how much the Working Families Tax Cuts… rewards hard work through no taxes on tips and no taxes on overtime, it may draw people back into the labor force or encourage those already working to stack up earnings by increasing their hours and effort.”

BESSENT SAYS TRUMP TAX CUTS COULD MEAN ‘SUBSTANTIAL REFUNDS’ FOR WORKING AMERICANS IN 2026

The Labor Department on Wednesday reported that employers added 130,000 jobs in January. That figure was above the expectations of economists polled by LSEG, who estimated the economy would add 70,000 jobs.

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People line up for job fair

People line up as they wait for the Mega JobNewsUSA South Florida Job Fair to open at the Amerant Bank Arena on April 30, 2025. (Getty Images)

The unemployment rate was 4.3%, slightly lower than economists’ expectations of 4.4%.

“Employment is a lagging indicator, not a leading one,” Onwuka noted. “With the economy accelerating from just under 4% in Q2 to 4.4% in Q3, we are starting to see that growth show up in hiring. The Dow hitting new highs is great for those invested in the stock market, but job creation gets people on Main Street back to work.”

“Importantly, these are not public sector — government jobs — that are supported by our tax dollars, but the fruit of businesses confident about demand, sales, reduced cuts from deregulation and greater tax certainty, thanks to the Working Families Tax Cuts — i.e., One Big Beautiful Bill — that they are able to start hiring,” she said. “Look for more of this in 2026 as this federal pro-growth economic agenda works.”

While the headline showed 130,000 jobs added, those gains were concentrated almost entirely in healthcare and construction. Meanwhile, retail trade lost 25,000 jobs and financial activities lost 7,000. Economists often consider these traditional “office and shop” jobs that provide steady, climate-controlled, middle-class employment.

“Retail job losses are not surprising as retailers shed temporary, holiday season jobs that surged to accommodate the biggest holiday shopping season in history. Financial services experienced big job losses in 2025 due to high interest rates and AI replacing work. Americans should not be fearful of these narrow pockets of losses but see the growing opportunities in many industries that deliver middle-class and high-paying jobs in healthcare and personal services,” Onwuka explained.

“These are exciting careers for women which often provide a level of flexibility that traditional 9-to-5 jobs do not offer and the fulfillment. As baby boomers retire and live longer, demand for employment and supporting businesses in these sectors will only grow,” she continued.

Other notable strengths in the first jobs report of the new year include declines in the number of people working part-time jobs because they couldn’t find full-time work and the number of those unemployed for more than six months. Labor force participation rose overall for U.S. men and women.

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“It takes time for hiring to rebound, but trends are moving in the right direction, and it may take some patience for unemployed individuals — or those looking to leave their jobs — to land their next job,” the economist advised.

“Pivoting may be appropriate for those who can’t wait. Perhaps it’s time to consider self-employment, freelance work or adding extra work,” Onwuka encouraged. “The growth of multiple jobholders is a sign that people are looking for extra income and turning to side jobs and side hustles… Increasingly, independent contract work for seasoned professionals and gig workers is the way Americans cobble together financial security. That should be respected and protected.”

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FOX Business’ Eric Revell contributed to this report.

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Politics And The Markets 02/12/26

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This is the forum for daily political discussion on Seeking Alpha. A new version is published every market day.

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The comments below are not regulated with the same rigor as the rest of the site, and this is an ‘enter at your own risk’ area as discussion can get very heated. If you can’t stand the heat… you know what they say…

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Bangladesh votes in landmark election after Gen Z uprising

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Dow Jones And U.S. Index Outlook: Hawkish NFP Sends Stocks Lower

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Albert Jacob to monitor City of Nedlands

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Former City of Joondalup mayor Albert Jacob will oversee the City of Nedlands, the second time the Local Government Inspector appointed a monitor this year.

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