Kyverna Therapeutics, Inc.

Kyverna Therapeutics, Inc.

KYTX·NASDAQ

$7.82

-1.0%
HealthcareBiotechnology

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.

At a Glance

Live Snapshot
Market Cap$342.45M
EPS-3.6400
P/E Ratio-2.15
Earnings Date08/11/2026
3Y+326.0%
5Y+594.0%
10Y+594.0%
3Y-384.0%
5Y-3204.0%
10Y-3204.0%
3Y+1088.0%
5Y+95.0%
10Y+95.0%
KYTX

Kyverna Therapeutics, Inc. Cash Conversion Engine

KYTX · NASDAQ
Net Income-161.31M
Depreciation & Amortization1.80M
Stock-Based Compensation10.08M
Change in Working Capital-1.08M
Others-3.21M
Capital Expenditures-5.00K
Free Cash Flow-153.72M

Cash Flow Quality Analysis

FCF Conversion Rate

95.3%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-0.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-32.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$1.08M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

Kyverna Therapeutics, Inc. Cash Flow Statement

KYTX • NASDAQ

Kyverna Therapeutics, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 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

SEC Filings

KYTX - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
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
 
Showing 1 to 10 of 54 filings