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Kyverna Therapeutics, Inc. (KYTX) 10-Year Financial Performance & Capital Metrics

KYTX • • Industrial / General
HealthcareBiotechnologyAutoimmune & Inflammatory DiseasesDermatology & Autoimmune
AboutKyverna Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on developing cell therapies for patients suffering from autoimmune diseases. Its lead product candidate is KYV-101, an autologous CD19 CAR T-cell product candidate for the treatment of patients with lupus nephritis and systemic sclerosis that is in Phase I clinical trial; and for myasthenia gravis and multiple sclerosis that is in Phase II clinical trial. The company is also developing KYV-201, an allogeneic CD19 CAR T-cell product candidate that is in preclinical stage to treat multiple autoimmune diseases. In addition, it is developing product candidates to treat other autoimmune diseases, such as inflammatory bowel disease that includes Crohn's disease and ulcerative colitis. Kyverna Therapeutics, Inc. has a license and collaboration agreement with Intellia Therapeutics, Inc. to research and develop an allogeneic CD19-directed CAR cell therapy product; and with Kite to research and develop programs for the treatment, diagnosis, and prevention of autoimmune, inflammatory, and allogeneic stem cell transplant inflammatory diseases. The company was formerly known as BAIT Therapeutics, Inc. and changed its name to Kyverna Therapeutics, Inc. in October 2019. Kyverna Therapeutics, Inc. was incorporated in 2018 and is headquartered in Emeryville, California.Show more
  • Revenue $0
  • EBITDA -$140M -131.4%
  • Net Income -$127M -111.2%
  • EPS (Diluted) -3.33 -3329900.0%
  • Gross Margin -
  • EBITDA Margin -
  • Operating Margin -
  • Net Margin -
  • ROE -80.74% +35.9%
  • ROIC -105.99% +51.2%
  • Debt/Equity 0.03 -83.3%
  • Interest Coverage -1004.25 -200.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 96 (top 4%)
  • ✓Share count reduced 94.3% through buybacks
  • ✓Trading at only 1.3x book value

✗Weaknesses

  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-91.68%

EPS CAGR

10Y-
5Y-
3Y-
TTM-21.17%

ROCE

10Y Avg-71.41%
5Y Avg-71.41%
3Y Avg-82.59%
Latest-87.43%

Peer Comparison

Dermatology & Autoimmune
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AUPHAurinia Pharmaceuticals Inc.1.96B14.87378.3733.97%29.28%21.28%2.25%0.21
ARGXargenx SE50.33B813.2463.6378.6%23.34%15.14%0.01
INVAInnoviva, Inc.1.48B19.7654.8915.54%32.78%12.61%12.75%0.65
GLPGGalapagos N.V.2.24B34.0330.3814.99%-151.94%-15.16%0.00
PTGXProtagonist Therapeutics, Inc.5.3B84.7520.046.24%21.94%7.11%3.45%0.02
ALMSAlumis Inc. Common Stock2.84B24.17-2.33-11.08%-63.71%0.12
PHATPhathom Pharmaceuticals, Inc.1.17B14.98-2.8380.01%-186.53%
ORKAOruka Therapeutics, Inc.1.57B32.50-6.51-22.44%0.00

Profit & Loss

Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+5.66M7.03M00
Revenue Growth %-0.24%-1%-
Cost of Goods Sold+001.71M2.13M
COGS % of Revenue----
Gross Profit+5.66M7.03M-1.71M-2.13M
Gross Margin %1%1%--
Gross Profit Growth %-0.24%-1.24%-0.25%
Operating Expenses+32M36.41M60.7M140.47M
OpEx % of Revenue5.66%5.18%--
Selling, General & Admin6.15M8.01M12.48M30.13M
SG&A % of Revenue1.09%1.14%--
Research & Development25.85M28.4M48.22M112.47M
R&D % of Revenue4.57%4.04%--
Other Operating Expenses000-2.13M
Operating Income+-26.35M-29.38M-62.41M-142.6M
Operating Margin %-4.66%-4.18%--
Operating Income Growth %--0.12%-1.12%-1.29%
EBITDA+-25.76M-28.33M-60.7M-140.47M
EBITDA Margin %-4.55%-4.03%--
EBITDA Growth %--0.1%-1.14%-1.31%
D&A (Non-Cash Add-back)586K1.05M1.71M2.13M
EBIT-26.35M-28.83M-60.18M-127.33M
Net Interest Income+-2K500K2.1M15.22M
Interest Income1K565K2.28M15.36M
Interest Expense3K65K187K142K
Other Income/Expense-4K491K2.04M15.13M
Pretax Income+-26.35M-28.89M-60.37M-127.48M
Pretax Margin %-4.66%-4.11%--
Income Tax+0000
Effective Tax Rate %1%1%1%1%
Net Income+-26.35M-28.89M-60.37M-127.48M
Net Margin %-4.66%-4.11%--
Net Income Growth %--0.1%-1.09%-1.11%
Net Income (Continuing)-26.35M-28.89M-60.37M-127.48M
Discontinued Operations0000
Minority Interest0000
EPS (Diluted)+-1.02-1.12-0.00-3.33
EPS Growth %--0.1%1%-
EPS (Basic)-1.02-1.12-0.00-3.33
Diluted Shares Outstanding25.8M25.8M673.62M38.33M
Basic Shares Outstanding25.8M25.8M673.62M38.33M
Dividend Payout Ratio----

Balance Sheet

Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+77.09M53.25M60.66M290.6M
Cash & Short-Term Investments76.07M51.32M57.54M285.98M
Cash Only76.07M37.73M34.65M96.62M
Short-Term Investments013.59M22.9M189.36M
Accounts Receivable0000
Days Sales Outstanding----
Inventory0000
Days Inventory Outstanding----
Other Current Assets1.02M03.12M4.62M
Total Non-Current Assets+8.4M13.67M14.53M15.92M
Property, Plant & Equipment7.81M12.44M10.61M10.66M
Fixed Asset Turnover0.72x0.56x--
Goodwill0000
Intangible Assets0000
Long-Term Investments0000
Other Non-Current Assets593K1.23M3.92M5.26M
Total Assets+85.49M66.92M75.19M304.64M
Asset Turnover0.07x0.10x--
Asset Growth %--0.22%0.12%3.05%
Total Current Liabilities+15.93M11.95M19.86M33.76M
Accounts Payable773K1.45M4.36M4.62M
Days Payables Outstanding--931.85791.26
Short-Term Debt0000
Deferred Revenue (Current)1000K000
Other Current Liabilities1.72M565K9.77M4.88M
Current Ratio4.84x4.45x3.05x8.61x
Quick Ratio4.84x4.45x3.05x8.61x
Cash Conversion Cycle----
Total Non-Current Liabilities+115.81M8.29M6.16M4.3M
Long-Term Debt0000
Capital Lease Obligations4.74M8.29M6.16M4.3M
Deferred Tax Liabilities0000
Other Non-Current Liabilities110.05M6K00
Total Liabilities131.74M20.25M26.02M38.06M
Total Debt+5.55M10.56M9.08M8.24M
Net Debt-70.51M-27.17M-25.57M-88.38M
Debt / Equity-0.23x0.18x0.03x
Debt / EBITDA----
Net Debt / EBITDA----
Interest Coverage-8782.00x-452.06x-333.72x-1004.25x
Total Equity+-46.25M46.68M49.18M266.59M
Equity Growth %-2.01%0.05%4.42%
Book Value per Share-1.791.810.076.95
Total Shareholders' Equity-46.25M46.68M49.18M266.59M
Common Stock0000
Retained Earnings-46.78M-75.68M-136.04M-263.52M
Treasury Stock0000
Accumulated OCI0-26K4K105K
Minority Interest0000

Cash Flow

Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-22.16M-36.11M-52.41M-114.25M
Operating CF Margin %-3.92%-5.14%--
Operating CF Growth %--0.63%-0.45%-1.18%
Net Income-26.35M-28.89M-60.37M-127.48M
Depreciation & Amortization586K1.05M1.71M2.13M
Stock-Based Compensation7.25M929K2.22M8.36M
Deferred Taxes0000
Other Non-Cash Items850K1.13M605K-5.12M
Working Capital Changes-4.49M-10.33M3.42M7.86M
Change in Receivables0000
Change in Inventory0000
Change in Payables11K677K4.08M736K
Cash from Investing+-1.29M-14.1M-8.79M-160.9M
Capital Expenditures-1.29M-768K-621K-2.21M
CapEx % of Revenue0.23%0.11%--
Acquisitions----
Investments----
Other Investing0007.66M
Cash from Financing+72.52M11.88M58.12M337.11M
Debt Issued (Net)----
Equity Issued (Net)----
Dividends Paid0000
Share Repurchases----
Other Financing30K175K-1M-3.1M
Net Change in Cash----
Free Cash Flow+-23.44M-36.88M-53.03M-116.45M
FCF Margin %-4.14%-5.25%--
FCF Growth %--0.57%-0.44%-1.2%
FCF per Share-0.91-1.43-0.08-3.04
FCF Conversion (FCF/Net Income)0.84x1.25x0.87x0.90x
Interest Paid3K65K187K0
Taxes Paid0000

Key Ratios

Metric2021202220232024
Return on Equity (ROE)--13660.99%-125.95%-80.74%
Return on Invested Capital (ROIC)---217.11%-105.99%
Gross Margin100%100%--
Net Margin-465.88%-411.29%--
Debt / Equity-0.23x0.18x0.03x
Interest Coverage-8782.00x-452.06x-333.72x-1004.25x
FCF Conversion0.84x1.25x0.87x0.90x
Revenue Growth-24.2%-100%-

Frequently Asked Questions

Growth & Financials

Kyverna Therapeutics, Inc. (KYTX) grew revenue by 0.0% over the past year. Growth has been modest.

Kyverna Therapeutics, Inc. (KYTX) reported a net loss of $161.0M for fiscal year 2024.

Dividend & Returns

Kyverna Therapeutics, Inc. (KYTX) has a return on equity (ROE) of -80.7%. Negative ROE indicates the company is unprofitable.

Kyverna Therapeutics, Inc. (KYTX) had negative free cash flow of $158.4M in fiscal year 2024, likely due to heavy capital investments.

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