Kyverna Therapeutics, Inc. (KYTX)
NASDAQ:KYTX
Top Page
Kyverna Therapeutics, Inc.
(NASDAQ:KYTX)
Select Model
Select Model
Rating:50Neutral
Price Target:
$8.50
▼(-3.08% Downside)
Action:ReiteratedDate:03/27/26
The score is held down primarily by very weak financial performance—no recent revenue, widening losses, and accelerating cash burn—despite a relatively strong low-debt balance sheet. Technical indicators add near-term caution (negative MACD, RSI below 50, price below key short-term averages). Positive corporate events (board and CTO upgrades) provide some support but do not offset the current loss and burn profile.
Positive Factors
Low leverage / strong balance sheet
Kyverna’s balance sheet shows very low financial leverage and substantial assets, providing structural funding flexibility. This reduces near-term refinancing risk, supports continued R&D and manufacturing spend, and gives optionality to fund pivotal trials or commercialization activities without immediate reliance on high-cost debt.
Negative Factors
No revenue; widening losses
The company has reported no revenue for multiple years while losses have materially widened, indicating it remains pre-commercial. Without product sales, long-term sustainability depends on continued external funding; persistent negative profitability reduces internal cash generation and increases reliance on capital markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Kyverna’s balance sheet shows very low financial leverage and substantial assets, providing structural funding flexibility. This reduces near-term refinancing risk, supports continued R&D and manufacturing spend, and gives optionality to fund pivotal trials or commercialization activities without immediate reliance on high-cost debt.
Read all positive factors
Kyverna Therapeutics, Inc. (KYTX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$530.06M
Dividend YieldN/A
Average Volume (3M)615.11K
Price to Earnings (P/E)―
Beta (1Y)1.69
Revenue GrowthN/A
EPS Growth-21.22%
CountryUS
Employees112
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.80
Shares Outstanding60,439,890
10 Day Avg. Volume689,520
30 Day Avg. Volume615,105
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)1.79
Price to Sales (P/S)0.00
P/FCF Ratio-2.71
Enterprise Value/Market Cap0.55
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-160.64
Enterprise Value/Ebitda-1.80
Forecast
1Y Price Target
$27.67Price Target Upside215.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-3.28
Revenue Forecast (FY)N/A
Kyverna Therapeutics, Inc. Business Overview & Revenue Model
Company Description
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 fo...
How the Company Makes Money
null...
Kyverna Therapeutics, Inc. Earnings Call Summary
Earnings Call Date:Nov 13, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Positive
The earnings call revealed significant advancements in Chimera's immunology pipeline, particularly with the initiation of KT61 and advancement of KT474. However, the deprioritization of the oncology program and extended timelines for KT474 indicate strategic shifts that could pose challenges. The financial stability and focus on promising immunology assets contribute to an overall positive outlook.Positive Updates
Phase One Study of KT61 Initiated
Chimera Therapeutics has started the phase one study of KT61, a first-in-class oral STAT6 degrader. This marks the first STAT6 medicine to enter clinical development, with potential to transform treatment paradigms for diseases like atopic dermatitis, asthma, and COPD.
Negative Updates
Oncology Program Deprioritized
Chimera has decided to advance only KT333 and KT253 beyond phase one with a partner, reallocating resources towards the immunology pipeline.
Read all updates
Q3-2024 Updates
Positive
Negative
Phase One Study of KT61 Initiated
Chimera Therapeutics has started the phase one study of KT61, a first-in-class oral STAT6 degrader. This marks the first STAT6 medicine to enter clinical development, with potential to transform treatment paradigms for diseases like atopic dermatitis, asthma, and COPD.
Read all positive updates
Company Guidance
During the Chimera Therapeutics Q3 2024 earnings call, significant guidance was provided, highlighting several key metrics and strategic directions. The company has initiated a Phase 1 study of KT61, an oral STAT6 degrader, with expectations to complete the Healthy Volunteer Study in the first half of 2025. The program aims to address diseases with TH2 inflammation, affecting over 150 million patients across the US, Europe, and Japan. Additionally, Chimera has advanced its KT474 program, transitioning it to expanded Phase 2B studies, supported by partner Sanofi, and is preparing KT295, a new lead candidate in their TIC2 program, for Phase 1 trials in 2025. Financially, Chimera raised approximately $600 million in 2024, boasting a cash runway into mid-2027, and reported $3.7 million in revenue for the quarter, attributed to their Sanofi collaboration. The company is strategically reallocating resources to prioritize their growing immunology pipeline, with plans to share further guidance on clinical developments next year.Kyverna Therapeutics, Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 7.03M | 5.66M |
| Gross Profit | -1.80M | -2.13M | -1.71M | 7.03M | 5.66M |
| EBITDA | -167.38M | -125.20M | -58.47M | -27.78M | -25.76M |
| Net Income | -161.31M | -127.48M | -60.37M | -28.89M | -26.35M |
Balance Sheet | |||||
| Total Assets | 293.83M | 304.64M | 75.19M | 66.92M | 85.49M |
| Cash, Cash Equivalents and Short-Term Investments | 279.25M | 285.98M | 57.54M | 51.32M | 76.07M |
| Total Debt | 29.03M | 8.24M | 9.08M | 10.56M | 5.55M |
| Total Liabilities | 61.55M | 38.06M | 26.02M | 20.25M | 131.74M |
| Stockholders Equity | 232.28M | 266.59M | 49.18M | 46.68M | -46.25M |
Cash Flow | |||||
| Free Cash Flow | -153.72M | -116.45M | -53.03M | -36.88M | -23.44M |
| Operating Cash Flow | -153.71M | -114.25M | -52.41M | -36.11M | -22.16M |
| Investing Cash Flow | 40.02M | -160.90M | -8.79M | -14.10M | -1.29M |
| Financing Cash Flow | 141.17M | 337.11M | 58.12M | 11.88M | 72.52M |
Kyverna Therapeutics, Inc. Technical Analysis
Positive
8.77
Price Trends
8.29
Positive
8.16
Positive
6.40
Positive
Market Momentum
-0.03
Negative
56.08
Neutral
61.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KYTX, the sentiment is Positive. The current price of 8.77 is above the 20-day moving average (MA) of 8.39, above the 50-day MA of 8.29, and above the 200-day MA of 6.40, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 56.08 is Neutral, neither overbought nor oversold. The STOCH value of 61.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KYTX.
Kyverna Therapeutics, Inc. Risk Analysis
Kyverna Therapeutics, Inc. disclosed 83 risk factors in its most recent earnings report. Kyverna Therapeutics, Inc. reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Kyverna Therapeutics, Inc. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | $450.15M | -1.84 | -46.34% | ― | ― | 14.33% | |
55 Neutral | $516.07M | -2.96 | -39.83% | ― | -71.42% | -248.91% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | $530.06M | -2.58 | -81.41% | ― | ― | -21.22% | |
50 Neutral | $158.11M | -3.23 | -90.51% | ― | -17.87% | 14.42% | |
45 Neutral | $151.49M | -10.73 | 304.91% | ― | 12.60% | 58.23% | |
44 Neutral | $258.37M | -3.24 | -348.47% | ― | ― | ― |
* Healthcare Sector Average
KYTX
Kyverna Therapeutics, Inc.
8.77
6.62
307.91%
CDXS
Codexis
1.74
-0.75
-30.12%
HRTX
Heron Therapeutics
0.80
-1.43
-63.99%
SLN
Silence Therapeutics
5.47
2.58
89.27%
AVIR
Atea Pharmaceuticals
5.65
2.77
96.18%
TRDA
Entrada Therapeutics Inc
13.48
4.68
53.18%
Kyverna Therapeutics, Inc. Corporate Events
Executive/Board Changes
Kyverna Therapeutics Strengthens Board With New Director Appointments
Positive
Feb 24, 2026
On February 24, 2026, Kyverna Therapeutics appointed biopharma veteran Andrew Miller, Ph.D., as a Class III director, adding him to its Science and Technology and Audit committees and granting him cash retainers and equity awards aligned with its ...
Business Operations and StrategyExecutive/Board Changes
Kyverna Therapeutics Appoints New CTO to Drive CAR-T Manufacturing
Positive
Feb 3, 2026
On January 29, 2026, Kyverna Therapeutics announced that Chief Technology Officer Karen Walker would retire effective February 9, 2026, with the company emphasizing that her departure was not due to any disagreement over its operations, policies o...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Kyverna Therapeutics Names Christi Shaw Executive Board Chair
Positive
Jan 12, 2026
Kyverna Therapeutics on January 8, 2026 appointed board member Christi Shaw as Executive Chairperson of the Board, effective January 12, 2026, with former chair Ian Clark remaining on the board. Shaw, a veteran of CAR T commercialization, will rec...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.