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Kyverna Therapeutics Inc

kyvernatx.com

Kyverna Therapeutics (NASDAQ: KYTX) is a clinical-stage biopharmaceutical company developing cell therapies for autoimmune diseases. The company has no approved products and generates no product revenue as of its 10-K filed March 26, 2026 for fiscal year ended December 31, 2025. Kyverna is headquartered in Emeryville, California. The company funds operations through equity financing and debt, including a Loan and Security Agreement with Oxford Finance that includes financial covenants requiring maintenance of certain liquidity levels. Kyverna relies on third-party contract research organizations and contract manufacturing organizations to conduct clinical trials and manufacture product candidates. The company has licensed CRISPR-related technology from Intellia Therapeutics under the Intellia Agreement, with royalty obligations tied to valid patent claims on a country-by-country basis. Operations span the United States and extend to clinical trial activities subject to EEA and other international regulatory frameworks.

Products & Services

Cell therapy product candidates targeting autoimmune diseases, currently in clinical development. The company holds licensed CRISPR technology from Intellia Therapeutics for use in developing its CRISPR-based product candidates.

Revenue Model

No product revenue as of FY2025. The company is pre-commercial and finances operations through equity and debt financing, including a term loan from Oxford Finance.

Customers & Markets

No commercial customers as of FY2025. Target end market is autoimmune disease patients. Clinical trial activities involve named patient activities.

Geographic Exposure

Primarily United States operations, with clinical trial activities and regulatory exposure in the European Economic Area and United Kingdom. Subject to GDPR and EEA clinical trial regulations.

Financial Snapshot

Revenue
TTM
$0.00
Gross Margin
Last 4 Quarters
N/A
Net Income
TTM
-$152.6M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
905.81%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
165.5M
Cash
2026 Q2
P/E
Last 4 Quarters
N/A
Free Cash Flow
Last 4 Quarters
N/A

Stock Price

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Market Cap: $510.21 Million

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