KLRA
Kailera Therapeutics, Inc.
Company overview
- Market capitalization
- $1.44B
- Employees
- 145
- Latest publication
- 2026-09-29
About Kailera Therapeutics, Inc.
Kailera Therapeutics, Inc. operates as a clinical-stage biopharmaceutical company developing therapies for obesity and related conditions. The company develops clinical- and preclinical-stage therapies, with a product pipeline that includes injectable peptides, oral peptides, and oral small molecules. Key programs include KAI-9531, an injectable GLP-1/GIP receptor dual agonist; KAI-7535, an oral small molecule GLP-1 receptor agonist; and KAI-4729, an injectable GLP-1/GIP/glucagon receptor tri-agonist. Kailera Therapeutics holds exclusive rights for global development and commercialization of four metabolic disease assets outside of Greater China, with therapies delivered through oral and injectable formulations. The company was founded in 2024 and is based in Waltham, Massachusetts.
Financial statements
Income Quarterly
| Metric | Q1 20262026-03-31 · USD | Q1 20252025-03-31 · USD |
|---|---|---|
| Total Revenue | 0USD | 0USD |
| Research Development | 70,873,000USD | 10,130,000USD |
| Selling General Administrative | 13,787,000USD | 10,328,000USD |
| Total Operating Expenses | 84,660,000USD | 20,458,000USD |
| Operating Income | -84,660,000USD | -20,458,000USD |
| Interest Income | 5,716,000USD | 1,675,000USD |
| Net Interest Income | 5,716,000USD | 1,675,000USD |
| Income Before Tax | -78,865,000USD | -17,983,000USD |
| Net Income | -78,865,000USD | -17,983,000USD |
| Net Income From Continuing Ops | -78,865,000USD | -17,983,000USD |
| Reconciled Depreciation | 101,000USD | 63,000USD |
| Total Other Income Expense Net | 79,000USD | 800,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy |
Income Yearly
| Metric | FY 20252025-12-31 · USD |
|---|---|
| Total Revenue | 0USD |
| Research Development | 109,113,000USD |
| Selling General Administrative | 49,227,000USD |
| Total Operating Expenses | 158,340,000USD |
| Operating Income | -158,340,000USD |
| Interest Income | 11,048,000USD |
| Net Interest Income | 11,048,000USD |
| Income Before Tax | -148,955,000USD |
| Net Income | -148,955,000USD |
| Net Income From Continuing Ops | -148,955,000USD |
| Reconciled Depreciation | 310,000USD |
| Total Other Income Expense Net | -1,663,000USD |
| Source | Legacy providerLegacy |
Balance sheet Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD |
|---|---|---|
| Total Assets | 1,211,416,000USD | 624,756,000USD |
| Cash And Equivalents | 130,301,000USD | — |
| Cash And Short Term Investments | 916,741,000USD | — |
| Short Term Investments | 786,440,000USD | 407,348,000USD |
| Long Term Investments | 255,076,000USD | 62,747,000USD |
| Total Current Assets | 929,167,000USD | 530,315,000USD |
| Other Current Assets | 395,000USD | 360,000USD |
| Other Non Current Assets | 90,000USD | — |
| Total Liabilities | 92,952,000USD | — |
| Total Current Liabilities | 83,651,000USD | 54,836,000USD |
| Other Current Liabilities | 63,399,000USD | — |
| Other Non Current Liabilities | 135,000USD | — |
| Total Stockholder Equity | 1,118,464,000USD | -432,088,000USD |
| Total Equity Including Noncontrolling Interest | 1,118,464,000USD | — |
| Property Plant Equipment Net | 11,651,000USD | 12,024,000USD |
| Accounts Payable | 19,202,000USD | 7,095,000USD |
| Short Term Debt | 1,050,000USD | — |
| Common Stock | 0USD | — |
| Retained Earnings | -558,840,000USD | -447,533,000USD |
| Accumulated Other Comprehensive Income | -1,794,000USD | — |
| Total Liab | — | 1,056,844,000USD |
| Other Current Liab | — | 722,000USD |
| Capital Stock | — | 0USD |
| Cash | — | 111,826,000USD |
| Property Plant Equipment Gross | — | 12,024,000USD |
| Common Stock Shares Outstanding | — | 117,948,773shares |
| Non Current Assets Total | — | 94,441,000USD |
| Non Current Liabilities Total | — | 1,002,008,000USD |
| Non Current Liabilities Other | — | 201,000USD |
| Non Currrent Assets Other | — | 6,352,000USD |
| Net Working Capital | — | 475,479,000USD |
| Unclassified Current Assets | — | 10,781,000USD |
| Unclassified Non Current Assets | — | 13,318,000USD |
| Unclassified Current Liabilities | — | 47,019,000USD |
| Unclassified Non Current Liabilities | — | 1,001,807,000USD |
| Unclassified Equity | — | 15,445,000USD |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy |
Balance sheet Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD |
|---|---|---|
| Total Assets | 692,294,000USD | 178,445,000USD |
| Other Current Assets | 1,234,000USD | 343,000USD |
| Total Liab | 1,048,752,000USD | 397,217,000USD |
| Total Stockholder Equity | -356,458,000USD | -218,772,000USD |
| Other Current Liab | 916,000USD | 2,160,000USD |
| Capital Stock | 0USD | 0USD |
| Retained Earnings | -368,668,000USD | -219,713,000USD |
| Cash | 160,267,000USD | 175,178,000USD |
| Total Current Assets | 557,537,000USD | 177,611,000USD |
| Total Current Liabilities | 46,405,000USD | 6,911,000USD |
| Long Term Investments | 106,672,000USD | 0USD |
| Short Term Investments | 385,789,000USD | 0USD |
| Accounts Payable | 7,529,000USD | 2,008,000USD |
| Property Plant Equipment Net | 12,418,000USD | 680,000USD |
| Property Plant Equipment Gross | 12,518,000USD | 733,000USD |
| Common Stock Shares Outstanding | 117,948,773shares | 117,948,773shares |
| Non Current Assets Total | 134,757,000USD | 834,000USD |
| Non Current Liabilities Total | 1,002,347,000USD | 390,306,000USD |
| Non Current Liabilities Other | 270,000USD | — |
| Non Currrent Assets Other | 3,482,000USD | 154,000USD |
| Net Working Capital | 511,132,000USD | 170,700,000USD |
| Unclassified Current Assets | 10,247,000USD | 2,090,000USD |
| Unclassified Non Current Assets | 12,185,000USD | — |
| Unclassified Current Liabilities | 37,960,000USD | 2,743,000USD |
| Unclassified Non Current Liabilities | 1,002,077,000USD | 390,306,000USD |
| Unclassified Equity | 12,210,000USD | — |
| Source | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Quarterly
| Metric | Q1 20262026-03-31 · USD | Q1 20252025-03-31 · USD |
|---|---|---|
| Net Income | -78,865,000USD | -17,983,000USD |
| Depreciation | 101,000USD | 63,000USD |
| Stock Based Compensation | 3,939,000USD | 1,523,000USD |
| Other Non Cash Items | 274,000USD | -20,000USD |
| Change In Working Capital | 7,466,000USD | -984,000USD |
| Total Cash From Operating Activities | -68,310,000USD | -18,201,000USD |
| Capital Expenditures | 0USD | 0USD |
| Free Cash Flow | -68,310,000USD | -18,201,000USD |
| Investments | 22,849,000USD | -54,440,000USD |
| Total Cash From Financing Activities | -2,980,000USD | 0USD |
| Change In Cash | -48,441,000USD | -72,641,000USD |
| Begin Period Cash Flow | 161,028,000USD | 175,178,000USD |
| End Period Cash Flow | 112,587,000USD | 102,537,000USD |
| Unclassified Operating Cash Flow | -1,225,000USD | — |
| Source | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Yearly
| Metric | FY 20252025-12-31 · USD |
|---|---|
| Net Income | -148,955,000USD |
| Depreciation | 310,000USD |
| Stock Based Compensation | 10,940,000USD |
| Other Non Cash Items | 660,000USD |
| Change In Working Capital | 16,781,000USD |
| Total Cash From Operating Activities | -120,210,000USD |
| Capital Expenditures | -2,088,000USD |
| Free Cash Flow | -122,298,000USD |
| Investments | -490,511,000USD |
| Net Borrowings | 100,000,000USD |
| Total Cash From Financing Activities | 598,659,000USD |
| Issuance Of Capital Stock | 498,874,000USD |
| Change In Cash | -14,150,000USD |
| Begin Period Cash Flow | 175,178,000USD |
| End Period Cash Flow | 161,028,000USD |
| Source | Legacy providerLegacy |
Operating metrics
No operating metrics are currently published for this company.
Revenue breakdown
No revenue breakdown is currently published for this company.
Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.