$7.95
+0.63%Kyverna 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.
Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.
KYTX • NASDAQ
| Kyverna Therapeutics, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||
-161.3M | -127.5M | -60.4M | -28.9M | -26.4M | |
1.8M | 2.1M | 1.7M | 1.1M | 586K | |
10.1M | 8.4M | 2.2M | 929K | 7.3M | |
-3.2M | -5.1M | 605K | 1.1M | 850K | |
-1.1M | 7.9M | 3.4M | -10.3M | -4.5M | |
-153.7M | -114.3M | -52.4M | -36.1M | -22.2M | |
INVESTING ACTIVITIES | |||||
-5K | -2.2M | -621K | -768K | -1.3M | |
(70K) | (0.0) | (0.0) | (0.0) | (0.0) | |
-364.6M | -490M | -54.8M | -56.5M | (0.0) | |
398.8M | 323.6M | 46.7M | 43.2M | 0.0 | |
5.8M | 7.7M | 0.0 | 0.0 | 0.0 | |
(40M) | -160.9M | -8.8M | -14.1M | -1.3M | |
FINANCING ACTIVITIES | |||||
117.4M | 341.2M | 0.0 | 0.0 | 0.0 | |
23.9M | -956K | -781K | -249K | -41K | |
-144K | -3.1M | -1M | 175K | 30K | |
141.2M | 337.1M | 58.1M | 11.9M | 72.5M | |
CASH FLOW SUMMARY | |||||
27.5M | 62M | -3.1M | -38.3M | 49.1M | |
97.2M | 35.2M | 38.3M | 76.6M | 27.5M | |
124.6M | 97.2M | 35.2M | 38.3M | 76.6M | |
-153.7M | -116.5M | -53M | -36.9M | -23.4M |
KYTX - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 02, 2026 | May 27, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 18, 2026 | May 14, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 12, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 12, 2026 | May 12, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 04, 2026 | May 04, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 22, 2026 | April 22, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 22, 2026 | April 21, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 20, 2026 | April 20, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 13, 2026 | May 27, 2026 | 2026 | |
S-3 S-3 N/A | March 26, 2026 | March 26, 2026 |
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