Kyverna Therapeutics, Inc. KYTX

6.81 (0.18) (2.58%) as of 25 Sep
Market cap
$432.3M
P/E
0.0×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 2.00
Total sells 0.29
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — 2 — — — — — — — — —
Sell — — 1 — — — — — — — — —
Insider Ownership 36.04%

Capital & Financial Ratios

Market Cap 432.29
Revenue —
Net Income (152.64)
Free Cash Flow (158.98)
Net Debt (174.54)
Current Ratio 9.06
Debt/Equity 0.15
P/E ratio 0.00
P/S ratio 0.00
P/B ratio 2.51
Past 5Y EPS Growth —
This Y EPS Growth 24.14%
Next Y EPS Growth (12.85%)
Next 5Y EPS Growth 10.12%
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 58 286 279 199
Receivables — — — —
Inventory — — — —
Other — — — —
61 291 283 207
2023 2024 2025 Q'26
Payables 4 5 5 3
ST’ Debt — — — —
Other 4 — — —
20 34 36 23
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — —
Cash Flow — — 0.00%
Earnings — — 0.00%
Book Value — — 0.00%

Revenue

Mar Jun Sep Dec Year
’26 — — — — —
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (42) (40) — — —
’25 (45) (32) (43) (34) (154)
’24 (26) (24) (27) (37) (114)
’23 (11) (11) (11) (19) (52)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (42) (41) — — —
’25 (45) (32) (43) (34) (154)
’24 (26) (25) (28) (38) (116)
’23 (11) (11) (11) (19) (53)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.66) (0.63) — — —
’25 (1.03) (0.97) (0.85) (0.80) (3.64)
’24 (1.12) (0.67) (0.80) (0.88) (3.33)
’23 (12.10) (20.85) (23.26) (33.36) (89.61)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — — — — 3.54 1.78

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — — — — 35.06 13.67
High Price
— — — — — — 84 96 112 130
Employees
— — — — — — 0 0 0 0
Revenue/Emp
— — — — — — 7 — — —
Revenue
— — — — — — 100.00% — — —
Gross Margin
— — — — — — (29) (60) (127) (161)
EBT
— — — — — — (411.29%) 0.00% 0.00% 0.00%
EBT Margin
— — — — — — (29) (60) (127) (161)
Net Income
— — — — — — 1 2 2 2
Depreciation
— — — — — — 15.42 0.00 0.00 0.00
Revenue/Sh
— — — — — — (63.43) (89.61) (3.33) (3.64)
Earnings/Sh
— — — — — — (79.28) (77.76) (2.98) (3.47)
Cash Flow/Sh
— — — — — — (1.69) (0.92) (0.06) 0.00
Capex/Sh
— — — — — — (80.97) (78.68) (3.04) (3.47)
Free CF/Sh
— — — — — — (162.45) (194.95) 6.95 5.25
Book Value/Sh
— — — — — — 0 1 38 44
Shares
— — — — — — 0.00 — — —
PE Ratio
— — — — — — 0.00 — — —
PS Ratio
— — — — — — 0.00 — — —
PB Ratio
— — — — — — 0.00 — — —
EV/Sales
— — — — — — 0.69 — — —
EV/FCF
— — — — — — (36) (52) (114) (154)
Op' Cash Flow
— — — — — — (1) (1) (2) 0
Capex
— — — — — — (37) (53) (116) (154)
FCF
— — — — — — 41 41 257 246
Working Cap'
— — — — — — 1 1 0 25
Total Debt
— — — — — — (50) (57) (286) (255)
Net Debt
— — — — — — (74) (131) 267 232
Sh' Equity
— — — — — — 0.00% (84.95%) (67.12%) (53.91%)
ROA
— — — — — — 0.00% 0.00% 0.00% 0.00%
ROIC
— — — — — — 0.00% 58.78% (188.59%) (64.67%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2022

Kyverna Therapeutics, Inc. (KYTX) key facts

  • Kyverna Therapeutics, Inc. (KYTX) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
  • Kyverna Therapeutics, Inc.’s revenue for fiscal 2022 (year ended December 2022) was $7.0 million.
  • As of September 25, 2026, KYTX traded at $6.81, a market capitalization of $432.3 million.
  • Return on equity was −64.7% and debt-to-equity 0.15.

Source: company filings (standardised) and stockrow calculations.

Kyverna Therapeutics, Inc. (KYTX) Latest News

News by impact score

Fine-tune

24 Sep

4

Kyverna Therapeutics' single-dose autologous cell therapy Miv-cel showed durable one-year improvements in stiffness syndrome (SPS): in 26 patients, walking speed rose a median 49% at 12 months, with most who gained ground by week 16 maintaining it; many patients stopped long-term immune suppression, and about two-thirds no longer needed walking aids. A small myasthenia gravis study (7 patients) showed consistent benefit through six to 12 months. Safety remained favorable, with no severe cytokine storms or major brain events; five patients had manageable low white counts. CEO Warner Biddle argued SPS costs justify pricing above current cancer cell therapies (roughly $500k–$600k), supporting a premium. Kyverna will fold the SPS results into a rolling U.S. filing expected to complete in Q4 2026; larger MG trial to enroll by mid-2027. Shares pulled back despite the update. Durable one-year efficacy and potential premium pricing with a rolling FDA filing could meaningfully boost long-term revenue prospects.

4

Kyverna Therapeutics' shares rose nearly 10% after positive one-year durability data for its miv-cel therapy in stiff person syndrome (SPS) and generalized myasthenia gravis (gMG). The data suggest sustained clinical benefit and reversal of disability at year one, supporting miv-cel as a potential first approved SPS therapy and the first CAR-T cell therapy for autoimmune disease. A rolling Biologics License Application (BLA) submission remains on track for completion in Q4 2026. In the KYSA-8 SPS trial, 12-month results from 26 patients showed significant improvement in Timed 25-Foot Walk at month 12, with 95% of responders maintaining benefit and 92% remaining free of chronic SPS immunotherapies. In KYSA-6 gMG, follow-up to 1.5 years showed all seven patients improved by 24 weeks; most maintained improvements. Safety remained favorable with no high-grade CRS/ICANS or HLH-like syndrome reported. Durable one-year data plus potential first approval and ongoing BLA process could meaningfully alter KYTX's valuation and investor sentiment.

4

Kyverna Therapeutics reported one-year topline results from KYSA-8 in stiff person syndrome showing a median 49% improvement in the 12-month 25-foot walk (up from 46% at 16 weeks) after a single miv-cel dose; 67% of walking-aid users no longer required assistance at one year; 92% remained off chronic SPS immunotherapies; no high-grade CRS, ICANS, or IEC-HS observed. Full dataset will be presented at ACTRIMS-ECTRIMS in October 2026. BLA submission for miv-cel in SPS targeted for Q4 2026. KYSA-6 longer-term results in generalized MG show seven patients with 24-week clinically meaningful improvement; five had at least one year of follow-up, 57% maintained minimal symptom expression; six of seven off immunosuppressants; no high-grade CRS/ICANS/IEC-HS. Trial sizes small; regulatory outcome not yet determined. Positive topline data and impending BLA for SPS could significantly alter KYTX's trajectory, but small trial sizes and regulatory uncertainty limit certainty.

4

Kyverna Therapeutics reported one-year topline data from KYSA-8 in stiff person syndrome (SPS) and longer-term follow-up from KYSA-6 in generalized myasthenia gravis (gMG). After a single dose of miv-cel, SPS showed durable mobility and stiffness improvements (median T25FW improvement 46% at week 16 and 49% at month 12); 92% remained off chronic SPS immunotherapies; 67% of walking-aid users no longer required assistance. In gMG, seven patients achieved clinically meaningful MG-ADL and QMG improvements at 24 weeks; durable responses extended to 1.5 years in five patients. All seven were off immunotherapies at 24 weeks, with 57% maintaining minimal symptoms. Miv-cel remained well-tolerated with no high-grade CRS, ICANS or IEC-HS. Rolling BLA for SPS on track to complete in Q4 2026; Phase 3 gMG enrollment expected by mid-2027. Data to be presented at MS Toronto and AANEM; investor call scheduled Sept. 24. Strong one-year efficacy signals plus regulatory progress and potential first-in-class status could materially boost KYTX's trajectory and valuation.

11 Aug

3

Kyverna Therapeutics announces pipeline progress and releases financial results for the second quarter of 2026. Pipeline updates and quarterly results can moderately affect biotech operations and investor views without guaranteeing major trajectory shifts.

27 Jul

4

Kyverna Therapeutics and ElevateBio enter commercial manufacturing and supply agreement for Miv-cel. Manufacturing agreement enables commercial production scale-up for Miv-cel and directly supports Kyverna's product launch and revenue potential.

10 Jul

3

Kyverna Therapeutics stock price fell 13%. 13% stock drop reflects market reaction that can sway short-term sentiment without altering core operations.

9 Jul

3

Kyverna Therapeutics shares insights on Stiff Person Syndrome and pipeline developments beyond it. Pipeline insights on Stiff Person Syndrome may moderately influence Kyverna's positioning in autoimmune therapies without immediate major financial shifts.

3 Jun

4

Kyverna Therapeutics presented updated miv-cel data at EULAR showing substantial disease activity reduction in ACPA-positive, treatment-refractory rheumatoid arthritis patients. Positive updated miv-cel data in rheumatoid arthritis supports pipeline advancement and potential valuation gains for KYTX.

15 May

3

KYV-101 sales forecast and market size analysis report projects growth from 2026-2034, focusing on United States, Germany, France, Italy, Spain, United Kingdom, and Japan. Long-term sales forecasts for KYV-101 could moderately shape investor sentiment and valuation expectations for Kyverna Therapeutics.

12 May

4

Kyverna Therapeutics initiates rolling SPS BLA submission and reports first quarter 2026 financial results. Initiation of rolling SPS BLA submission marks a major regulatory milestone that could significantly enhance KYTX's competitive position and investor sentiment.

4 May

4

Kyverna Therapeutics appoints Nadia Dac, seasoned commercial leader in neurology and rare disease, as Chief Commercial Officer. Appointing an experienced CCO in neurology and rare diseases signals major strategic preparation for commercialization, potentially boosting investor sentiment and market trajectory.

25 Apr

4

Kyverna Therapeutics showcased positive miv-cel data for stiff-person syndrome and generalized myasthenia gravis; CEO targets first biologics license application for autoimmune CAR-T therapy. Clinical data presentation in key autoimmune indications combined with first-ever BLA plans for autoimmune CAR-T represents major pipeline advancement and regulatory milestone.

21 Apr

5

Kyverna Therapeutics presented primary analysis from its registrational trial of miv-cel for Stiff Person Syndrome at the AAN Annual Meeting's oral late-breaker session, demonstrating statistically significant, durable clinical benefits across all endpoints. Registrational trial success with statistically significant results across all endpoints positions miv-cel for potential approval and fundamentally transforms Kyverna's pipeline and market prospects.

20 Apr

4

Kyverna Therapeutics presented longer-term Phase 2 data for miv-cel in generalized myasthenia gravis at the AAN meeting, showing deep, durable responses through 52 weeks. Extended Phase 2 data demonstrating deep, durable responses through 52 weeks in myasthenia gravis significantly advances Kyverna's pipeline and could drive substantial investor enthusiasm.

9 Apr

3

Kyverna Therapeutics will host a conference call to present new data across its neuroimmunology franchise at the AAN 2026 annual meeting. New neuroimmunology data presentation signals pipeline progress that could moderately influence investor sentiment and competitive positioning.

26 Mar

4

Kyverna Therapeutics released a business update and reported fourth quarter and full-year 2025 financial results. Financial results and business updates for biotech firms like KYTX often drive significant shifts in investor sentiment and stock trajectory.

5 Mar

3

Kyverna Therapeutics to present new data from its neuroimmunology franchise at AAN 2026. Upcoming neuroimmunology data presentation at AAN 2026 signals pipeline progress and could moderately enhance investor sentiment without immediate transformative effects.

24 Feb

3

Kyverna Therapeutics (KYTX) appointed biotech leaders Sravan Emany, CEO of Senti Biosciences, and Andrew Miller, CFO of Eledon Pharmaceuticals, to its Board of Directors to enhance strategic guidance in cell therapy development. Board appointments of seasoned biotech executives bolster governance and strategic expertise, potentially influencing operations and investor sentiment moderately.

3 Feb

3

Kyverna Therapeutics, Inc. has appointed Mayo Pujols as its new Chief Technology Officer. Pujols brings extensive experience in biotechnology and has previously held leadership roles at notable companies. His appointment is expected to enhance Kyverna's technological capabilities and drive innovation in its therapeutic development efforts. The appointment of a new CTO may influence product innovation and operational efficiency, but its overall impact on the company's trajectory is expected to be limited.

12 Jan

4

Kyverna Therapeutics, Inc. (KYTX) provided a corporate update and outlined its strategic priorities for 2026 during the J.P. Morgan Healthcare Conference. The company emphasized its focus on advancing its pipeline of therapies and enhancing operational efficiencies to drive growth and innovation in the coming years. The outlined strategic priorities and focus on pipeline advancement are likely to significantly impact the company's future performance and investor sentiment.

5 Jan

3

Kyverna Therapeutics, Inc. (KYTX) is set to present at the J.P. Morgan 2026 Healthcare Conference, highlighting its ongoing commitment to advancing its therapeutic pipeline and engaging with investors and industry leaders. Participation in a prominent healthcare conference may enhance visibility and investor interest, but the immediate impact on financial performance is expected to be limited.

30 Dec

4

Kyverna Therapeutics, Inc. (KYTX) has seen its stock price increase by 41% over the past month, driven by positive developments in its clinical trials and promising data related to its therapies targeting autoimmune diseases. The company's innovative approach and recent announcements have garnered investor interest, contributing to the stock's upward momentum. Positive clinical trial results and strategic developments are likely to significantly influence investor sentiment and the company's future performance.

18 Dec

4

Kyverna Therapeutics reported positive data from its KYSA-8 CAR T clinical trial, highlighting its potential as a first-in-class treatment. The results are expected to enhance the company's valuation and market position, as they indicate promising efficacy and safety profiles. This development positions Kyverna favorably within the competitive landscape of CAR T therapies, potentially attracting investor interest and paving the way for future advancements. Positive clinical trial data is likely to significantly impact investor sentiment and the company's market trajectory.

17 Dec

3

Kyverna Therapeutics, Inc. has announced the pricing of a public offering of common stock amounting to $100 million. The offering is expected to enhance the company's financial position and support its ongoing development initiatives. The shares are being offered at a price of $X per share, with the offering expected to close on a specified date, subject to customary closing conditions. The public offering is likely to provide necessary capital for development but may not significantly alter the company's overall trajectory.

16 Dec

4

Kyverna Therapeutics, Inc. (KYTX) saw its stock price surge by 23% following positive results from a clinical study on its treatment for Stiff Person Syndrome. The data indicated significant improvements in patients, leading to heightened investor interest and optimism about the company's future prospects in the rare disease market. Positive study results could significantly enhance the company's market position and investor sentiment.

4

Kyverna Therapeutics, Inc. (KYTX) is highlighted as a high-risk, high-reward biotech stock to watch in 2026 due to its innovative approaches in cell therapy and potential breakthroughs in treating autoimmune diseases. The company is focusing on developing engineered T cell therapies that could significantly impact patient outcomes. Investors are encouraged to monitor its progress and the broader market dynamics affecting biotech stocks. Kyverna's innovative therapies and potential breakthroughs could significantly alter its market position and investor sentiment.

15 Dec

4

Kyverna Therapeutics, Inc. announced positive topline data from its registrational KYSA-8 trial of Miv-cel (KYV-101) for treating Stiff Person Syndrome. The trial results indicate significant efficacy, supporting the potential of Miv-cel as a treatment option for this rare neurological disorder. The company plans to submit these findings to regulatory authorities to seek approval for the therapy. Positive trial results for Miv-cel could significantly enhance Kyverna's market position and investor sentiment.

4

Kyverna Therapeutics, Inc. is seeking regulatory clearance for its CAR-T therapy aimed at treating autoimmune diseases, marking a significant step in the development of innovative treatments in this area. This therapy represents a novel approach to managing autoimmune conditions, potentially expanding the applications of CAR-T technology beyond oncology. Seeking clearance for a CAR-T therapy for autoimmune diseases could significantly alter the company's trajectory and investor sentiment.

3

Kyverna Therapeutics, Inc. has announced a proposed public offering of common stock. The company aims to raise funds to support its ongoing clinical development and operational activities. Specific details regarding the number of shares and pricing have not yet been disclosed. The offering is expected to enhance Kyverna's financial position and facilitate its growth initiatives. The public offering may provide necessary capital for clinical development, impacting financial performance and operational capabilities.

stockrow.com/KYTX · Data as of Dec 31, 2022 · For information only; not investment advice. · © 2026 stockrow.com