The Tip Desk

Kyverna Therapeutics, Inc.

Company Stats

Market Cap
$420.5M
as of Sep 30, 2026
Shares Outstanding
61.8M
Free Float
50.2%

Income Statement

Operating Income
-$169.8M
Net Income
-$161.3M
EBITDA
-$168.0M
Non-cash Impairment
$600,000

Cash Flow

Free Cash Flow
-$153.7M
FCF Yield
-36.6%
Owner FCF Yield
-38.9%

Balance Sheet

Cash & Equivalents
$124.1M

Returns & Capital

SBC, 3Y Avg
$6.9M

Cash Flow by Year

YearRevenueFCFMargin
FY2025—-$153.7M—
FY2024—-$116.5M—
FY2023—-$53.0M—

Annual filing data through FY ended December 31, 2025; shares and float as of October 6, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage