marketcaparena
Search

    KYTX

    Kyverna Therapeutics, Inc.

    Company overview

    Market capitalization
    $421.77M
    Employees
    130
    Latest publication
    2026-09-29
    About Kyverna Therapeutics, Inc.

    Kyverna Therapeutics, Inc., a late-stage biopharmaceutical company, focuses on developing cell therapies for patients with autoimmune diseases. Its lead product candidate is KYV-101, an autologous CD19 CAR T-cell product candidate for the treatment of stiff person syndrome, myasthenia gravis, and autoimmune diseases. The company is also developing KYV-102, an autologous CD19 CAR T-cell product candidate with whole blood rapid manufacturing; and KYV-201, an allogeneic CD19 CAR T-cell product candidate. It has a license and collaboration agreement with Intellia Therapeutics, Inc. to research and develop an allogeneic CD19-directed CAR cell therapy product. 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.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Revenue0USD0USD0USD0USD0USD2,024,000USD0USD0USD
    Cost Of Revenue351,000USD368,000USD415,000USD515,000USD501,000USD563,000USD29,193,000USD530,000USD
    Gross Profit-351,000USD-368,000USD-415,000USD-515,000USD-501,000USD-563,000USD-29,193,000USD-530,000USD
    Research Development29,722,000USD30,014,000USD30,457,000USD35,816,000USD37,433,000USD32,920,000USD29,193,000USD27,321,000USD
    Selling General Administrative11,294,000USD9,268,000USD8,270,000USD8,594,000USD9,975,000USD7,558,000USD7,877,000USD6,114,000USD
    Total Operating Expenses41,016,000USD39,282,000USD38,727,000USD43,895,000USD46,907,000USD40,478,000USD9,577,000USD33,435,000USD
    Operating Income-41,367,000USD-39,282,000USD-38,727,000USD-44,410,000USD-47,408,000USD-41,041,000USD-38,770,000USD-33,435,000USD
    Interest Income2,327,000USD1,905,000USD2,000,000USD2,364,000USD2,825,000USD3,575,000USD4,355,000USD4,694,000USD
    Interest Expense667,000USD444,000USD7,000USD14,000USD25,000USD27,000USD32,000USD39,000USD
    Net Interest Income1,660,000USD1,461,000USD1,993,000USD2,350,000USD2,800,000USD3,548,000USD4,323,000USD4,655,000USD
    Income Before Tax-39,728,000USD-37,804,000USD-36,787,000USD-42,081,000USD-44,635,000USD-37,489,000USD-34,492,000USD-28,803,000USD
    Net Income-39,728,000USD-37,804,000USD-36,787,000USD-42,081,000USD-44,635,000USD-37,489,000USD-34,492,000USD-28,803,000USD
    Net Income From Continuing Ops-39,728,000USD-37,804,000USD-36,787,000USD-42,081,000USD-44,635,000USD-37,489,000USD-34,492,000USD-28,803,000USD
    Ebit-41,367,000USD-37,360,000USD-36,780,000USD-42,067,000USD-44,610,000USD-37,462,000USD-37,070,000USD-28,764,000USD
    Ebitda-41,016,000USD-36,992,000USD-36,365,000USD-41,552,000USD-44,109,000USD-36,899,000USD-36,749,000USD-28,234,000USD
    Depreciation And Amortization351,000USD368,000USD415,000USD515,000USD501,000USD563,000USD321,000USD530,000USD
    Reconciled Depreciation351,000USD368,000USD415,000USD515,000USD501,000USD563,000USD558,000USD530,000USD
    Total Other Income Expense Net1,639,000USD1,478,000USD1,940,000USD2,329,000USD2,773,000USD3,552,000USD4,278,000USD4,632,000USD
    Unclassified Operating Expenses——————-27,493,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USD
    Total Revenue0USD0USD0USD7,025,000USD5,656,000USD
    Cost Of Revenue1,799,000USD2,133,000USD1,707,000USD1,051,000USD586,000USD
    Gross Profit-1,799,000USD-2,133,000USD-1,707,000USD7,025,000USD5,656,000USD
    Research Development133,720,000USD112,473,000USD48,216,000USD28,402,000USD25,852,000USD
    Selling General Administrative36,107,000USD30,131,000USD12,483,000USD8,007,000USD6,150,000USD
    Total Operating Expenses169,827,000USD140,471,000USD60,699,000USD36,409,000USD32,002,000USD
    Operating Income-169,827,000USD-142,604,000USD-62,406,000USD-29,384,000USD-26,346,000USD
    Interest Income9,094,000USD15,359,000USD2,282,000USD565,000USD1,000USD
    Interest Expense489,000USD142,000USD187,000USD65,000USD3,000USD
    Net Interest Income8,605,000USD15,217,000USD2,095,000USD500,000USD-2,000USD
    Income Before Tax-161,307,000USD-127,477,000USD-60,366,000USD-28,893,000USD-26,350,000USD
    Net Income-161,307,000USD-127,477,000USD-60,366,000USD-28,893,000USD-26,350,000USD
    Net Income From Continuing Ops-161,307,000USD-127,477,000USD-60,366,000USD-28,893,000USD-26,350,000USD
    Ebit-160,818,000USD-127,335,000USD-60,179,000USD-28,828,000USD-26,347,000USD
    Ebitda-159,019,000USD-125,202,000USD-58,472,000USD-27,777,000USD-25,761,000USD
    Depreciation And Amortization1,799,000USD2,133,000USD1,707,000USD1,051,000USD586,000USD
    Reconciled Depreciation1,799,000USD2,133,000USD1,707,000USD1,051,000USD586,000USD
    Total Other Income Expense Net8,520,000USD15,127,000USD2,040,000USD491,000USD-4,000USD
    Unclassified Operating Expenses—-2,133,000USD———
    Income Tax Expense—-127,477,000USD132,000USD56,000USD1,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets219,823,000USD257,024,000USD293,826,000USD187,156,000USD226,508,000USD260,655,000USD304,645,000USD339,196,000USD
    Cash And Equivalents31,806,000USD———————
    Cash And Short Term Investments199,427,000USD236,446,000USD279,253,000USD171,138,000USD211,677,000USD242,649,000USD285,979,000USD321,587,000USD
    Short Term Investments167,621,000USD204,252,000USD155,160,000USD136,974,000USD158,237,000USD185,784,000USD189,358,000USD216,924,000USD
    Total Current Assets206,542,000USD241,726,000USD282,953,000USD174,925,000USD214,327,000USD247,651,000USD290,601,000USD325,374,000USD
    Other Current Assets7,115,000USD5,280,000USD3,700,000USD3,787,000USD2,650,000USD5,002,000USD4,622,000USD3,787,000USD
    Other Non Current Assets3,444,000USD———————
    Total Liabilities54,274,000USD———————
    Total Current Liabilities22,802,000USD29,674,000USD36,487,000USD33,871,000USD39,789,000USD33,292,000USD33,756,000USD30,985,000USD
    Total Stockholder Equity165,549,000USD195,580,000USD232,276,000USD151,946,000USD184,377,000USD224,010,000USD266,587,000USD302,710,000USD
    Total Equity Including Noncontrolling Interest165,549,000USD———————
    Long Term Debt24,883,000USD24,812,000USD24,743,000USD—————
    Property Plant Equipment Net9,174,000USD9,733,000USD5,419,000USD6,322,000USD7,577,000USD8,803,000USD10,656,000USD11,382,000USD
    Accounts Payable2,933,000USD11,603,000USD5,306,000USD3,016,000USD9,917,000USD8,472,000USD4,624,000USD9,932,000USD
    Short Term Debt1,400,000USD1,985,000USD3,969,000USD3,685,000USD3,576,000USD3,585,000USD3,940,000USD3,931,000USD
    Common Stock1,000USD1,000USD1,000USD—————
    Retained Earnings-502,874,000USD-464,555,000USD-424,827,000USD-387,023,000USD-350,236,000USD-308,155,000USD-263,520,000USD-226,031,000USD
    Accumulated Other Comprehensive Income-142,000USD-96,000USD97,000USD29,000USD-20,000USD-1,000USD105,000USD153,000USD
    Total Liab—61,444,000USD61,550,000USD35,210,000USD42,131,000USD36,645,000USD38,058,000USD36,486,000USD
    Other Current Liab—16,086,000USD27,212,000USD27,170,000USD26,296,000USD21,235,000USD25,192,000USD17,122,000USD
    Capital Stock—1,000USD1,000USD0USD0USD0USD0USD0USD
    Cash—32,194,000USD124,093,000USD34,164,000USD53,440,000USD56,865,000USD96,621,000USD104,663,000USD
    Net Debt—-23,251,000USD-95,061,000USD-29,140,000USD-47,522,000USD-49,927,000USD-88,379,000USD-95,527,000USD
    Short Long Term Debt Total—8,943,000USD29,032,000USD5,024,000USD5,918,000USD6,938,000USD8,242,000USD9,136,000USD
    Property Plant Equipment Gross—13,606,000USD9,169,000USD9,905,000USD11,789,000USD12,737,000USD14,328,000USD14,728,000USD
    Common Stock Shares Outstanding—60,434,200shares47,155,840shares43,415,367shares43,225,365shares43,215,577shares43,214,918shares43,155,858shares
    Non Current Assets Total—15,298,000USD10,873,000USD12,230,999USD12,181,000USD13,004,000USD15,919,000USD13,822,000USD
    Non Current Liabilities Total—31,770,000USD25,063,000USD1,338,999USD2,342,000USD3,353,000USD4,302,000USD5,501,000USD
    Non Currrent Assets Other—5,565,000USD5,454,000USD5,357,999USD4,604,000USD4,201,000USD5,263,000USD2,440,000USD
    Net Working Capital—212,052,000USD246,466,000USD141,054,000USD174,538,000USD214,359,000USD256,845,000USD294,389,000USD
    Unclassified Non Current Liabilities—6,958,000USD—1,338,999USD2,342,000USD3,353,000USD4,302,000USD5,205,000USD
    Unclassified Equity—660,229,000USD657,004,000USD538,940,000USD534,633,000USD532,166,000USD530,002,000USD528,588,000USD
    Other Assets——————-1,875,000USD—
    Non Current Liabilities Other———————296,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USD
    Total Assets293,826,000USD304,645,000USD75,195,000USD66,924,000USD85,488,000USD
    Other Current Assets3,700,000USD4,622,000USD3,121,000USD1,929,000USD1,020,000USD
    Total Liab61,550,000USD38,058,000USD26,018,000USD20,247,000USD131,742,000USD
    Total Stockholder Equity232,276,000USD266,587,000USD49,177,000USD46,677,000USD-46,254,000USD
    Other Current Liab27,212,000USD25,192,000USD12,581,000USD8,226,000USD8,341,000USD
    Common Stock1,000USD————
    Capital Stock1,000USD0USD0USD0USD0USD
    Retained Earnings-424,827,000USD-263,520,000USD-136,043,000USD-75,677,000USD-46,784,000USD
    Cash124,093,000USD96,621,000USD34,647,000USD37,735,000USD76,067,000USD
    Cash And Short Term Investments279,253,000USD285,979,000USD57,543,000USD51,322,000USD76,067,000USD
    Total Current Assets282,953,000USD290,601,000USD60,664,000USD53,251,000USD77,087,000USD
    Total Current Liabilities36,487,000USD33,756,000USD19,859,000USD11,954,000USD15,928,000USD
    Net Debt-95,061,000USD-88,379,000USD-25,568,000USD-27,171,000USD-70,512,000USD
    Short Term Debt3,969,000USD3,940,000USD2,920,000USD2,277,000USD814,000USD
    Short Long Term Debt Total29,032,000USD8,242,000USD9,079,000USD10,564,000USD5,555,000USD
    Long Term Debt24,743,000USD————
    Short Term Investments155,160,000USD189,358,000USD22,896,000USD13,587,000USD0USD
    Accounts Payable5,306,000USD4,624,000USD4,358,000USD1,451,000USD773,000USD
    Property Plant Equipment Net5,419,000USD10,656,000USD10,610,000USD12,441,000USD7,808,000USD
    Property Plant Equipment Gross9,169,000USD14,328,000USD13,098,000USD14,059,000USD8,650,000USD
    Accumulated Other Comprehensive Income97,000USD105,000USD4,000USD-26,000USD—
    Common Stock Shares Outstanding44,259,999shares38,334,571shares673,622,000shares25,803,889shares25,803,889shares
    Non Current Assets Total10,873,000USD15,919,000USD14,531,000USD13,673,000USD8,401,000USD
    Non Current Liabilities Total25,063,000USD4,302,000USD6,159,000USD8,293,000USD115,814,000USD
    Non Currrent Assets Other5,454,000USD5,263,000USD3,921,000USD1,232,000USD593,000USD
    Net Working Capital246,466,000USD256,845,000USD40,805,000USD41,297,000USD61,159,000USD
    Unclassified Equity657,004,000USD530,002,000USD185,216,000USD122,380,000USD—
    Other Assets—-1,875,000USD———
    Unclassified Non Current Liabilities—4,302,000USD6,159,000USD8,287,000USD115,736,000USD
    Current Deferred Revenue——9,062,000USD7,661,000USD6,000,000USD
    Unclassified Current Liabilities——-9,062,000USD-7,661,000USD—
    Non Current Liabilities Other———6,000USD78,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation785,000USD
    Stock Based Compensation6,678,000USD
    Change To Liabilities-2,373,000USD
    Change In Working Capital-5,867,000USD
    Operating Cash Flow-81,903,000USD
    Capital Expenditures-293,000USD
    Net Investments-13,523,000USD
    Unclassified Investing Cash Flow-255,000USD
    Investing Cash Flow-14,071,000USD
    Net Debt Issuance-181,000USD
    Unclassified Financing Cash Flow3,868,000USD
    Financing Cash Flow3,687,000USD
    Change In Cash-92,287,000USD
    End Cash Flow32,357,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income-39,728,000USD-37,804,000USD-36,787,000USD-42,081,000USD-44,635,000USD-37,489,000USD-34,492,000USD-28,803,000USD
    Depreciation351,000USD368,000USD415,000USD515,000USD501,000USD563,000USD558,000USD530,000USD
    Stock Based Compensation3,171,000USD2,702,000USD2,699,000USD2,518,000USD2,161,000USD1,382,000USD3,413,000USD1,284,000USD
    Other Non Cash Items3,174,000USD-527,000USD-795,000USD-1,128,000USD-758,000USD-1,551,000USD-2,221,000USD-1,594,000USD
    Change In Working Capital-5,394,000USD1,734,000USD-8,853,000USD8,227,000USD-2,184,000USD34,000USD5,253,000USD4,408,000USD
    Total Cash From Operating Activities-41,597,000USD-33,527,000USD-43,321,000USD-31,949,000USD-44,915,000USD-37,061,000USD-27,489,000USD-24,175,000USD
    Capital Expenditures0USD-5,000USD-392,000USD-204,000USD0USD-532,000USD-102,000USD-1,028,000USD
    Free Cash Flow-41,597,000USD-33,522,000USD-43,713,000USD-32,153,000USD-44,915,000USD-37,593,000USD-27,591,000USD-25,203,000USD
    Investments-50,201,000USD-16,750,000USD22,557,000USD29,167,000USD5,578,000USD29,222,000USD676,000USD-67,921,000USD
    Total Cashflows From Investing Activities-50,201,000USD-17,287,000USD22,557,000USD29,167,000USD5,578,000USD29,222,000USD676,000USD-67,921,000USD
    Net Borrowings-86,000USD-85,000USD-120,000USD-262,000USD-341,000USD-247,000USD-242,000USD—
    Total Cash From Financing Activities-101,000USD140,743,000USD1,488,000USD-649,000USD-414,000USD-215,000USD-152,000USD-569,000USD
    Change In Cash-91,899,000USD89,929,000USD-19,276,000USD-3,431,000USD-39,751,000USD-8,042,000USD-26,955,000USD-92,669,000USD
    Begin Period Cash Flow124,093,000USD34,715,000USD53,440,000USD57,422,000USD97,173,000USD104,663,000USD131,618,000USD224,287,000USD
    End Period Cash Flow32,194,000USD124,644,000USD34,164,000USD53,991,000USD57,422,000USD96,621,000USD104,663,000USD131,618,000USD
    Other Cashflows From Investing Activities730,000USD-1,013,000USD3,090,000USD-200,000USD2,110,000USD—5,428,000USD—
    Other Cashflows From Financing Activities-189,000USD-50,000USD-43,000USD-51,000USD-414,000USD341,203,000USD90,000USD-333,000USD
    Unclassified Operating Cash Flow-3,171,000USD———————
    Issuance Of Capital Stock—140,608,000USD0USD0USD0USD0USD0USD0USD
    Unclassified Investing Cash Flow——-2,698,000USD—-2,110,000USD—-5,326,000USD1,028,000USD
    Unclassified Financing Cash Flow——1,651,000USD——-341,171,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USD
    Net Income-161,307,000USD-127,477,000USD-60,366,000USD-28,893,000USD-26,350,000USD
    Depreciation1,799,000USD2,133,000USD1,707,000USD1,051,000USD586,000USD
    Stock Based Compensation10,080,000USD8,357,000USD2,220,000USD929,000USD7,250,000USD
    Other Non Cash Items-3,208,000USD-5,120,000USD605,000USD1,127,000USD850,000USD
    Change In Working Capital-1,076,000USD7,857,000USD3,424,000USD-10,327,000USD-4,491,000USD
    Total Cash From Operating Activities-153,712,000USD-114,250,000USD-52,410,000USD-36,113,000USD-22,155,000USD
    Capital Expenditures-5,000USD-2,205,000USD-621,000USD-768,000USD-1,289,000USD
    Free Cash Flow-153,717,000USD-116,455,000USD-53,031,000USD-36,881,000USD-23,444,000USD
    Investments41,078,000USD-160,902,000USD-8,785,000USD-14,097,000USD-1,289,000USD
    Total Cashflows From Investing Activities40,015,000USD-160,902,000USD-8,785,000USD-14,097,000USD-1,289,000USD
    Net Borrowings-808,000USD-956,000USD-781,000USD-249,000USD-41,000USD
    Total Cash From Financing Activities141,168,000USD337,113,000USD58,118,000USD11,880,000USD72,523,000USD
    Issuance Of Capital Stock140,608,000USD341,171,000USD59,900,000USD11,954,000USD72,534,000USD
    Change In Cash27,471,000USD61,961,000USD-3,077,000USD-38,330,000USD49,079,000USD
    Begin Period Cash Flow97,173,000USD35,212,000USD38,289,000USD76,619,000USD27,540,000USD
    End Period Cash Flow124,644,000USD97,173,000USD35,212,000USD38,289,000USD76,619,000USD
    Other Cashflows From Investing Activities5,760,000USD7,664,000USD—-13,329,000USD—
    Other Cashflows From Financing Activities-144,000USD-3,102,000USD58,899,000USD12,129,000USD72,564,000USD
    Unclassified Investing Cash Flow-6,818,000USD-5,459,000USD—14,097,000USD1,289,000USD
    Unclassified Financing Cash Flow1,512,000USD—-59,900,000USD-11,954,000USD-72,534,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy 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.