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KYMRKymera Therapeutics, Inc.
$115.47$9.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
KYMR logo

Kymera Therapeutics, Inc.

KYMR
NASDAQ · Biotechnology
$115.47
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$9.5B
P/E-31.3x
52W High$130.05
Volume958.21K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Partnership Revenue Volatility Masks Deepening R&D Burn

Kymera's fundamental outlook hinges on its ability to convert collaboration milestones into sustainable revenue while managing a heavy R&D burn that reached $119.5M in 2026Q2. The company's asset-light model and strong liquidity (current ratio 9.83) provide ne...

GrowthMixed
ProfitabilityNegative
ValuationReview
TechnicalsHealthy
Explore valuation models
MARKET ACTION

KYMR price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-214% Peers

P/E is 214% below peer median

03

Market leadership

RS 87 · Leader

High momentum (Outperforming 87% of market)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 5
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth is erratic, with a 22-fold jump to $65.0M in 2026Q2 from $2.9M in 2025Q4, yet operating losses widened to -$75.6M as R&D expenses consumed 85% of total costs, reflecting a negative operating margin of -116.3%.

Analyst Consensus+18.4% target
Buy(27 analysts)
24 Buy3 Hold0 Sell

The Bull Case

Upside Catalysts

Novel protein degradation therapeutics

Kymera Therapeutics is focused on developing innovative protein degradation treatments for difficult-to-treat diseases, positioning it as a leader in this cutting-edge biopharmaceutical field.

Promising STAT6 degrader progress

The company has reported positive top-line data from its Phase 1b trial of KT-621 for atopic dermatitis and is advancing to Phase 2b studies, marking progress in its STAT6 degrader program.

Experienced leadership addition

The appointment of Dr. Neil Graham as Chief Development Officer brings seasoned drug development expertise to Kymera, potentially accelerating pipeline progress.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
KYMR+58.70%
S&P 500 (^GSPC)+12.39%
1-Year Return
KYMR+126.99%
S&P 500 (^GSPC)+15.77%
3-Year Return
KYMR+657.18%
S&P 500 (^GSPC)+102.01%
5-Year Return
KYMR+79.78%
S&P 500 (^GSPC)+58.76%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-31.3x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-31.3x
N/A
N/A
EV/EBITDA
N/A
N/A
N/A
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$3.67-96.8%
Base (Fair)$95.99-18.5%
Bull$4.04-96.5%
$3.67 Bear$95.99 Base$4.04 Bull
Current Market Price: $115.47
Trades at a 20.3% premium to Base DCF ($95.99)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$39M-16.7% YoY
Net income
-$311M-39.1% YoY
Free cash flow
-$234M-13.0% YoY
Operating margin
-891.3%-335.5 pts YoY
ROIC (TTM)-24.9%
Avg ROIC 5Y-
ROE (TTM)-25.8%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
-$0.62+13.0%
vs -$0.71
$65M+98.3%
vs $33M
Q2 2026
Apr 30, 2026
-$0.71+20.2%
vs -$0.89
$34M+315.7%
vs $8M
Q1 2026
Feb 26, 2026
-$0.97-23.8%
vs -$0.78
$3M-80.9%
vs $15M
Q4 2025
Nov 4, 2025
-$0.90-26.8%
vs -$0.71
$3M-80.9%
vs $14M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·Sep 15, 2026
Kymera Therapeutics, Inc. (KYMR) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript

Kymera Therapeutics, Inc. (KYMR) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript

Seeking Alpha·Sep 10, 2026
Kymera Therapeutics, Inc. (KYMR) Presents at Citigroup's Biopharma Back to School Summit 2026 Transcript

Kymera Therapeutics, Inc. (KYMR) Presents at Citigroup's Biopharma Back to School Summit 2026 Transcript

Zacks Investment Research·Sep 4, 2026
Kymera Therapeutics (KYMR) Up 10.2% Since Last Earnings Report: Can It Continue?

Kymera Therapeutics (KYMR) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research·Sep 3, 2026
Can KT-621 Mark a Turning Point for Kymera Therapeutics?

KYMR advances KT-621 in atopic dermatitis and asthma, with earlier-than-expected AD data and potential phase III plans by mid-2027.

Filtered for Kymera Therapeutics, Inc.More Headlines
04

Compare before deciding

Benchmark KYMR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Kymera Therapeutics, Inc. (KYMR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
KYMR logoKYMRKymera Therapeutics, Inc.Current
$115.47$9.5B-31.29-16.72%-794.39%-25.79%—
ARVN logoARVNArvinas, Inc.
$7.83$505.2M-6.12-0.3%2.94%1.91%—
PRAX logoPRAXPraxis Precision Medicines, Inc.
$282.12$7.87B-20.93-100%—-34.15%—
VKTX logoVKTXViking Therapeutics, Inc.
$41.65$4.86B-13.06——-94.56%—
BEAM logoBEAMBeam Therapeutics Inc.
$24.37$2.51B-30.09120.01%-54.75%-7.7%—
IMVT logoIMVTImmunovant, Inc.
$34.54$7.13B-12.47—-7585.86%-69.59%—

Compare KYMR vs Peers

Kymera Therapeutics, Inc. (KYMR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARVN

Most directly comparable listed peer for KYMR.

Scale Benchmark

vs ABBV

Larger-name benchmark to compare KYMR against a more recognizable public peer.

Peer Set

Compare Top 5

vs ARVN, PRAX, VKTX, BEAM

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

KYMR SEC Filings & Documents

Kymera Therapeutics, Inc. (KYMR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

Jul 27, 2026·SEC

Material company update

Jun 25, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

Apr 30, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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KYMR Frequently Asked Questions

Kymera Therapeutics, Inc. (KYMR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Kymera Therapeutics, Inc.'s revenue?

Kymera Therapeutics, Inc. (KYMR) reported $105.0M in revenue for fiscal year 2025.

How fast is Kymera Therapeutics, Inc. growing?

Kymera Therapeutics, Inc. (KYMR) saw revenue decline by 16.7% over the past year.

Is KYMR profitable?

Kymera Therapeutics, Inc. (KYMR) reported a net loss of $299.6M for fiscal year 2025.

Dividend & Returns
What is KYMR's return on equity?

Kymera Therapeutics, Inc. (KYMR) has a return on equity (ROE) of -25.8%. Negative ROE indicates the company is unprofitable.

What is Kymera Therapeutics, Inc.'s free cash flow?

Kymera Therapeutics, Inc. (KYMR) had negative free cash flow of $238.0M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in KYMR back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →