Keros Therapeutics, Inc.

KROS

Healthcare Biotechnology

Keros Therapeutics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $244.1 million, up 6,775.0% from fiscal 2024.

Revenue
+120.2%
EPS
+494.4%
Free cash flow
+6.87%

Quarter to September 2026, against a year earlier

9.36 0.09 −0.95%
Market cap
$183.7M
P/E
n/m
Fwd P/E
n/m
Dividend yield
—
F-score
7/9
ROIC
−233.2%
Net debt / EBITDA
−4.2×
Dividend safety
n/a

Insider Decisions last twelve months

Net sold
$447.2K
Trades
12 sells · 6 buys
Ownership
8.73%

Capital & Financial Ratios $m

Size
Market Cap 184
Revenue ttm 55
Net income ttm (62)
Free cash flow ttm (48)
Net debt Q (259)
Valuation
P/E n/m
Forward P/E n/m
Price / sales 3.4
Forward P/S Powerpack
Price / FCF n/m
Price / book 0.7
Financial health
Current ratio Q 18.1 (at or above 1.5: strong)
Debt / equity Q n/m
Interest coverage Q (24,126.0)
Growth
Revenue growth Q +120.2% (above 0%: growing)
Operating income growth Q +183.3% (above 0%: growing)
EPS, this year −269.5% (below 0%: weak)
EPS, next year A −38.8% (below 0%: weak)
Revenue, next year A −93.6% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +5.5%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

P/S against its own 10 years 14.38%
10-year low 10-year high
P/B against its own 10 years 0.63%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 331 560 287 259
Receivables 0 3 6 —
Inventory — — — —
Other — — — —
347 589 315 288
2023 2024 2025 Q'26
Payables 5 5 2 4
ST’ Debt — — — —
Other — — — —
24 27 20 16

Compound Annual Growth %

10y 5y 3y
Sales — 89.45% 129.84%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 2.98% 3.00%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (1.21) (1.45) 0.70 — —
’25 3.62 (0.76) (0.18) (0.80) 2.30
’24 (1.21) (1.25) (1.41) (1.14) (5.00)
’23 (1.26) (1.27) (1.33) (1.34) (5.20)
’22 (1.01) (1.13) (0.92) (1.09) (4.15)
’21 (0.68) (0.67) (0.87) (0.30) (2.52)
’20 (5.11) (0.62) (0.60) (0.49) (2.93)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 0 — 40 — —
’25 211 18 14 0 244
’24 0 0 0 3 4
’23 — — 0 0 0
’21 — 0 — 20 20
’19 3 3 3 3 10
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (20) 3 — —
’25 161 (30) 3 (27) 108
’24 (45) (40) (30) (46) (161)
’23 (34) (31) (34) (25) (125)
’22 (1) (23) (25) (21) (70)
’21 (11) (18) (14) (20) (62)
’20 (8) (10) (11) (8) (37)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (21) 3 — —
’25 161 (30) 3 (27) 106
’24 (46) (40) (31) (46) (163)
’23 (35) (31) (35) (26) (127)
’22 (2) (23) (25) (22) (71)
’21 (11) (18) (15) (20) (63)
’20 (8) (10) (11) (8) (37)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — 10 10 — 20 — 0 4 244 55 +57.8% 16 14 45 (43.2%)
Gross margin, % — — 0.00 100.00 0.00 100.00 0.00 100.00 100.00 100.00 100.00 +100.0 pt
EBT — — (1) (12) (46) (57) (105) (153) (187) 92 (62) n/m
EBT margin, % — — (10.78) (123.36) 0.00 (282.25) 0.00 (101,319.21) (5,269.10) 37.65 (113.53) +48.4 pt
Net income — 0 (1) (12) (45) (59) (105) (153) (187) 87 (62) n/m
Per share, $
Per share, $ Revenue — — 0.53 4.30 0.00 0.86 0.00 0.01 0.09 6.56 2.77 +43.3%
Earnings — — (0.12) (6.08) (2.93) (2.52) (4.15) (5.20) (5.00) 2.34 (2.81) n/m
Cash flow — — 0.37 (6.87) (2.38) (2.66) (2.78) (4.23) (4.30) 2.89 (2.41) +34.0%
Capex — — 0.00 (0.12) (0.02) (0.04) (0.05) (0.08) (0.05) (0.04) (0.02) n/m
Free cash flow — — 0.37 (6.99) (2.40) (2.71) (2.82) (4.31) (4.35) 2.85 (2.43) +33.7%
Book value — — (0.38) 0.21 16.88 10.42 10.99 11.28 15.27 8.14 14.03 n/m
Shares, m — — 19 2 16 23 25 29 37 37 24 +10.1%
Valuation, ×
Valuation, × P/E — — 0.00 0.00 — 0.00 — 0.00 0.00 10.95 0.00 1.8
P/S — — 4.99 4.99 — 54.39 — 62.72 166.94 3.11 3.38 49.5
P/B — — 0.00 0.00 — 5.61 — 3.82 1.04 2.50 0.67 2.2
EV/Sales — — (0.46) (0.46) — 45.23 — 46.36 9.21 1.93 (1.33) 17.0
EV/FCF — — 0.21 0.21 — (17.97) — (7.39) (0.20) 4.44 1.52 (3.5)
Cash, $m
Cash, $m Operating cash flow — — 7 (16) (37) (62) (70) (125) (161) 108 (48) +47.6%
Capex — — 0 0 0 (1) (1) (2) (2) (2) 0 +32.4%
Free cash flow — — 7 (16) (37) (63) (71) (127) (163) 106 (48) +47.3%
Balance, $m
Balance, $m Working capital — — 14 4 261 240 269 323 561 295 272 +54.5%
Net debt — — 0 (7) (266) (230) (279) (331) (560) (287) (259) +197.9%
Shareholders’ equity — — (7) 0 262 243 277 332 572 303 279 n/m
Returns, %
Returns, % ROA — — (17.12) (73.69) (32.35) (22.39) (37.25) (45.21) (38.01) 18.24 (11.76) +35.4 pt
ROIC — — 0.00 0.00 0.00 (268.30) 0.00 (9,963.71) (1,133.80) 268.69 (233.22) +268.7 pt
ROE — — 17.62 106.17 (37.45) (23.27) (40.21) (50.19) (41.46) 19.90 (12.56) +2.3 pt
People
People Employees — — — 23 35 60 105 136 169 78 — +22.6%
Revenue/emp, $m — — 0.00 0.43 0.00 0.34 0.00 0.00 0.02 3.13 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Keros Therapeutics, Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PYXS Pyxis Oncology, Inc. $198.6M — (loss-making) — (loss-making) — n/m −5.46% (below 0%: shrinking) 100.00% 0.00% Compare
IFRX InflaRx N.V. $192.3M — (loss-making) — (loss-making) −128.93% (below 0%: shrinking) n/m +59.76% (above 0%: growing) 14,029.95% 0.00% Compare
TRDA Entrada Therapeutics, Inc. $191.5M — (loss-making) — (loss-making) −43.93% (below 0%: shrinking) n/m −7.05% (below 0%: shrinking) 100.00% (4,606.52%) Compare
PRQR ProQR Therapeutics N.V. $190.5M — (loss-making) — (loss-making) +135.03% (above 0%: growing) n/m −1.06% (below 0%: shrinking) 100.00% (100.72%) Compare
RNA Atrium Therapeutics, Inc. $185.8M — (loss-making) — (loss-making) — n/m — 100.00% (752.93%) Compare
CGEN Compugen Ltd. $185.7M 5.2× — (loss-making) +107.00% (above 0%: growing) n/m −155.42% (below 0%: shrinking) (3.54%) (339.62%) Compare
KROS Keros Therapeutics, Inc. $183.7M — (loss-making) — (loss-making) +120.22% (above 0%: growing) n/m +6.87% (above 0%: growing) 100.00% 32.04%
BCYC Bicycle Therapeutics PLC Sponsored ADR $182.5M — (loss-making) — (loss-making) +190.24% (above 0%: growing) n/m +43.48% (above 0%: growing) 100.00% (39.57%) Compare
ACOG Alpha Cognition Inc. $180.5M — (loss-making) — (loss-making) +267.56% (above 0%: growing) n/m −109.25% (below 0%: shrinking) 94.80% (127.29%) Compare
Median of peers $188.1M — — +121.02% — −5.46% 100.00% (114.00%)

All 621 Biotechnology stocks →

Pay and ownership Proxy statement filed 22 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.54m 3.71m 28.86
2024 6.27m 2.70m 22.44
2023 8.93m 3.44m 56.37

Ownership

Directors and executive officers, together 12.60%
BlackRock, Inc. 10.10%
Jasbir Seehra, Ph.D. 8.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Keros Therapeutics, Inc. (KROS) Latest News

26 Jan

stockrow.com/KROS · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com