Kairos Pharma (KAPA)


Market Price (7/29/2026): $0.3043 | Market Cap: $6.4 MilSector: Health Care | Industry: Biotechnology

Kairos Pharma (KAPA)


Market Price (7/29/2026): $0.3043
Market Cap: $6.4 Mil
Sector: Health Care
Industry: Biotechnology

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -56%

Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Targeted Therapies, Show more.

Weak multi-year price returns
2Y Excs Rtn is -122%, 3Y Excs Rtn is -152%

Penny stock
Mkt Price is 0.3

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -6.0 Mil

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -94%

Key risks
KAPA key risks include [1] its heavy dependence on the successful outcome of clinical trials for its lead candidate, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -56%
1 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Targeted Therapies, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -122%, 3Y Excs Rtn is -152%
3 Penny stock
Mkt Price is 0.3
4 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -6.0 Mil
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -94%
7 Key risks
KAPA key risks include [1] its heavy dependence on the successful outcome of clinical trials for its lead candidate, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/23/2026

Kairos Pharma (KAPA) stock has lost about 45% since 3/31/2026 because of the following key factors:

1. Continued Lack of Revenue and Mounting Losses. Kairos Pharma, a clinical-stage biopharmaceutical company, reported no revenue for fiscal years 2023, 2024, or 2025. The company's net loss surged by 109.3% in 2025 to $5.45 million, with research and development expenses increasing by 415% to $2.14 million in the same year. This trend persisted into fiscal Q1 2026 (ended March 31, 2026, with results released May 13, 2026), where Kairos Pharma again recorded zero revenue and a net loss of $5.84 million. This sustained lack of commercial products and increasing operational expenses likely contributed significantly to investor apprehension.

2. Shareholder Dilution and Proposed Reverse Stock Split. Shareholders experienced a 27% increase in shares outstanding over the past year, indicating significant dilution. Additionally, on May 11, 2026, Kairos Pharma announced a proposal for a reverse stock split at a ratio ranging from 1:3 to 1:250, which was to be voted upon at the Annual Meeting on June 29, 2026. This action is often perceived negatively by investors as it typically signals a low stock price and an effort to meet exchange listing requirements. The proposal also included adding 5,000,000 shares to the equity incentive plan, which could lead to further dilution.

Show more
Updated on 7/23/2026

Kairos Pharma (KAPA) stock has lost about 45% since 3/31/2026 because of the following key factors:

1. Continued Lack of Revenue and Mounting Losses. Kairos Pharma, a clinical-stage biopharmaceutical company, reported no revenue for fiscal years 2023, 2024, or 2025. The company's net loss surged by 109.3% in 2025 to $5.45 million, with research and development expenses increasing by 415% to $2.14 million in the same year. This trend persisted into fiscal Q1 2026 (ended March 31, 2026, with results released May 13, 2026), where Kairos Pharma again recorded zero revenue and a net loss of $5.84 million. This sustained lack of commercial products and increasing operational expenses likely contributed significantly to investor apprehension.

2. Shareholder Dilution and Proposed Reverse Stock Split. Shareholders experienced a 27% increase in shares outstanding over the past year, indicating significant dilution. Additionally, on May 11, 2026, Kairos Pharma announced a proposal for a reverse stock split at a ratio ranging from 1:3 to 1:250, which was to be voted upon at the Annual Meeting on June 29, 2026. This action is often perceived negatively by investors as it typically signals a low stock price and an effort to meet exchange listing requirements. The proposal also included adding 5,000,000 shares to the equity incentive plan, which could lead to further dilution.

3. Negative Technical Signals and Analyst Downgrades. Despite some positive clinical trial news during the period, such as interim safety data for ENV-105 in EGFR-mutated lung cancer on July 15, 2026, and a strategic collaboration with Bayer announced on July 22, 2026, the stock continued its decline. Technical analysis firm StockInvest.us downgraded its outlook from a "Sell" to a "Strong Sell" candidate on July 22, 2026, citing "small weaknesses in the technical picture" and a "very wide and falling trend". This indicates that prevailing financial and technical weaknesses overshadowed positive pipeline developments, leading to a loss of investor confidence.

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Stock Movement Drivers

Fundamental Drivers

The -44.9% change in KAPA stock from 3/31/2026 to 7/28/2026 was primarily driven by a -0.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)33120267282026Change
Stock Price ($)0.560.31-44.9%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)2121-0.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/28/2026
ReturnCorrelation
KAPA-44.9% 
Market (SPY)13.9%26.2%
Sector (XLV)14.1%-5.1%

Fundamental Drivers

The -56.6% change in KAPA stock from 12/31/2025 to 7/28/2026 was primarily driven by a -3.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)123120257282026Change
Stock Price ($)0.710.31-56.6%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)2021-3.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/28/2026
ReturnCorrelation
KAPA-56.6% 
Market (SPY)8.9%21.8%
Sector (XLV)8.5%0.5%

Fundamental Drivers

The -56.6% change in KAPA stock from 6/30/2025 to 7/28/2026 was primarily driven by a -24.4% change in the company's Shares Outstanding (Mil).
(LTM values as of)63020257282026Change
Stock Price ($)0.710.31-56.6%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)1621-24.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/28/2026
ReturnCorrelation
KAPA-56.6% 
Market (SPY)20.9%16.0%
Sector (XLV)25.7%-4.3%

Fundamental Drivers

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Market Drivers

6/30/2023 to 7/28/2026
ReturnCorrelation
KAPA  
Market (SPY)73.0%7.7%
Sector (XLV)31.9%2.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
KAPA Return----42%-53%-56%-88%
Peers Return16%-1%10%1%26%13%83%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
KAPA Win Rate---25%25%14% 
Peers Win Rate52%55%48%55%55%57% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
KAPA Max Drawdown-----79%-71% 
Peers Max Drawdown-29%-30%-26%-28%-33%-18% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: EXEL, RCUS, REGN, AMGN, BMY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/28/2026 (YTD)

How Low Can It Go

EventKAPAS&P 500
2025 US Tariff Shock
  % Loss-65.9%-18.8%
  % Gain to Breakeven193.3%23.1%
  Time to Breakeven87 days79 days

Compare to EXEL, RCUS, REGN, AMGN, BMY

In The Past

Kairos Pharma's stock fell -65.9% during the 2025 US Tariff Shock. Such a loss loss requires a 193.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventKAPAS&P 500
2025 US Tariff Shock
  % Loss-65.9%-18.8%
  % Gain to Breakeven193.3%23.1%
  Time to Breakeven87 days79 days

Compare to EXEL, RCUS, REGN, AMGN, BMY

In The Past

Kairos Pharma's stock fell -65.9% during the 2025 US Tariff Shock. Such a loss loss requires a 193.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Kairos Pharma (KAPA)

Kairos Pharma (KAPA) is a clinical-stage biopharmaceutical company focused on developing innovative therapeutics for cancer patients. Its core mission is to overcome critical challenges in cancer treatment, specifically immune suppression and drug resistance, which often hinder the effectiveness of existing therapies. The company employs a strategy of leveraging molecular insights to create new classes of drugs, including antibodies and small molecules, designed to target immune checkpoints and counteract resistance mechanisms exploited by cancer cells.

The company's diverse portfolio consists of seven drug candidates targeting various cancers, including prostate, lung, breast, and glioblastoma. This pipeline includes KROS immunotherapeutics, such as KROS 201, an autologous T-cell therapy preparing for Phase 1 trials for recurrent glioblastoma, and other small molecules in preclinical development. Additionally, through its Enviro subsidiary, Kairos Pharma is advancing ENV antibodies, most notably ENV 105. This antibody targets CD105/Endoglin and is currently in randomized Phase 2 trials for prostate cancer and Phase 1 trials for lung cancer, having begun enrolling patients in September 2023.

Kairos Pharma's strategic focus is on addressing significant unmet medical needs in oncology by developing therapies that enhance the immune system's ability to combat cancer and overcome drug resistance. By targeting central checkpoints and cancer stem cells, the company aims to transform treatment approaches for patients with difficult-to-treat cancers. The diversified nature of its preclinical and clinical-stage pipeline is designed to mitigate the inherent risks of drug development, positioning Kairos Pharma to offer more effective and durable treatment options to a broad market of cancer patients.

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Here are 1-3 brief analogies for Kairos Pharma (KAPA):

  • Think of them as a startup Genentech for cancer's immune evasion and drug resistance.

  • They're like a clinical-stage Bristol Myers Squibb specializing in next-gen cancer immunotherapies.

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  • KROS 101: A preclinical small molecule designed to promote T cell growth and function by acting as a GITR ligand agonist.
  • KROS 102: A preclinical small molecule designed to inhibit T cell growth and function by acting as a GITR ligand antagonist.
  • KROS 201: An autologous T cell therapy in preparation for Phase 1 clinical trial, targeting glioblastoma cancer stem cells.
  • KROS 301: A preclinical small molecule targeting the NF-ĸß pathway for triple-negative breast cancer.
  • KROS 401: A preclinical cyclic peptide designed to reverse immunosuppression by inhibiting IL-4 and IL-13 receptors in the tumor microenvironment.
  • ENV 105: An antibody in Phase 2 for prostate cancer and Phase 1 for lung cancer, targeting CD105/Endoglin to address drug resistance.
  • ENV 205: A preclinical antibody targeting mitochondrial DNA to combat drug resistance in cancer therapies.
```

AI Analysis | Feedback

Kairos Pharma (KAPA) is a clinical-stage biopharmaceutical company. As of the date of the provided information, its product candidates are still in various stages of clinical trials (preclinical, Phase 1, and Phase 2) and have not yet received approval from the FDA or any other comparable foreign regulator for commercial sale. Therefore, Kairos Pharma does not currently have any commercial customers or revenue-generating sales of its drug candidates.

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  • Cedars-Sinai Medical Center
  • Tracon Pharmaceuticals, Inc. (TCON)
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John S. Yu, CEO & Chairman

Dr. Yu is an accomplished neurosurgeon and immunotherapy expert who has developed numerous investigational drugs and led multiple clinical trials. He holds degrees from Stanford, Harvard Medical School, and MIT, and his career is centered on groundbreaking research in cancer therapeutics. Dr. Yu previously served as an officer at ImmunoCellular Therapeutics and was most recently the CEO and Chairman of AcTcell, as well as a Director of Enviro Therapeutics. He is also a Professor of Neurosurgery and Director of Surgical Neuro-Oncology at Cedars-Sinai Medical Center. He holds numerous patents for immunotherapies and nanotechnologies from his NIH funded laboratory. His postgraduate training includes an immunology fellowship at the Institut Pasteur in Paris and a neurosurgery residency at Massachusetts General Hospital/Harvard.

Doug Samuelson, Chief Financial Officer

Mr. Samuelson brings over 25 years of experience in finance and accounting, having served as CFO for various biopharma companies. His expertise in financial management and regulatory compliance provides strong support to Kairos Pharma's strategic initiatives. He is a Certified Public Accountant (CPA) in the State of California. Mr. Samuelson's past roles include CFO of Wellness Center USA, Director of Accounting of Second Sight Medical Products, Inc., and CFO of AdvaVet, Inc. and Solis Tek, Inc. He holds an M.S. in computer science from California State University and a B.S. in accounting from the University of Utah.

Neil Bhowmick, Chief Scientific Officer & President, Enviro Therapeutics

Dr. Bhowmick has over 20 years of extensive biochemistry expertise, including filing and prosecuting patents for therapeutics and devices. He has authored 110 peer-reviewed publications and led foundational and pre-clinical cancer research, successfully obtaining regulatory approvals and conducting clinical trials. Dr. Bhowmick has received over 15 years of continuous NCI/NIH funding, and his work has been cited extensively. He holds six patents for biomarker detection platforms and stromal-targeted therapeutics, including ENV 105 and ENV 205. He completed a fellowship at Vanderbilt University Medical Center and served as Research Director of the Oppenheimer Urologic Reference Laboratory. Dr. Bhowmick is also a Professor in the Department of Medicine and Director of the Cancer Biology Program at Cedars-Sinai Medical Center.

Ramchandran Murali, VP, Research and Development

Dr. Murali is an immunologist and molecular engineer recognized for his work in developing pharmacological agents to counter immune suppression in cancer. His extensive research background is instrumental in advancing Kairos's innovative drug pipeline. He is a leading expert in X-ray crystallography, biophysical, biochemical, and immunology fields, having made significant advances in molecular engineering and cell surface receptors. Dr. Murali has developed numerous technologies that reverse key mechanisms of immune suppression of cancer. He is also a Professor of Biomedical Sciences and Research in Immunology at Penn/Cedars-Sinai Medical Center.

AI Analysis | Feedback

The primary risks for Kairos Pharma (KAPA), a clinical-stage biopharmaceutical company, stem from the inherent challenges of drug development and its reliance on intellectual property licenses.

  1. Drug Development and Regulatory Approval Risk

    Kairos Pharma's business is heavily dependent on the successful development, clinical testing, and regulatory approval of its drug candidates. As of the date of the provided information, none of its product candidates have been approved as safe or effective by the FDA or any other comparable foreign regulator. The company's pipeline includes drugs in preclinical, Phase 1, and Phase 2 trials, and there is no guarantee that any of these candidates will succeed in clinical trials, demonstrate sufficient safety and efficacy, or ultimately receive the necessary regulatory approvals to be commercialized. The drug development process is lengthy, expensive, and subject to high rates of failure.

  2. Reliance on Licensed Intellectual Property

    Kairos Pharma's key patents are licensed from Cedars-Sinai Medical Center and Tracon Pharmaceuticals, Inc. This reliance on licensed intellectual property means that the company does not fully own the foundational rights to its core technologies. Risks associated with this arrangement include the potential for license termination, disputes over license terms, or challenges to the validity or scope of the licensed patents, all of which could significantly impact the company's ability to develop and commercialize its drug candidates.

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Kairos Pharma (KAPA), a clinical-stage biopharmaceutical company, is positioned for potential revenue growth over the next 2-3 years primarily through strategic partnerships, successful clinical trial advancements of its lead candidates, and the integration of recently acquired assets. As the company does not yet have approved products generating sales, its revenue drivers will likely stem from collaboration agreements, milestone payments, and future royalties. Here are 3-5 expected drivers of future revenue growth for Kairos Pharma:
  1. Advancement and commercialization potential of ENV 105 in clinical trials: Kairos Pharma's lead therapeutic agent, ENV 105, is currently undergoing a randomized multicenter Phase 2 trial for prostate cancer and a Phase 1 trial for lung cancer, both of which began enrolling patients in September 2023. Positive interim efficacy results from the Phase 2 prostate cancer trial, reported around November 2025, demonstrated an 86% clinical benefit rate and a median progression-free survival (PFS) of 13.7 months, which surpassed expectations. The continued progression and positive readouts from these trials are expected to attract significant partnering interest and strategic collaborations, potentially leading to upfront payments and milestone revenues as ENV 105 moves toward later-stage development and commercialization.
  2. Milestone payments and royalties from newly acquired oncology assets CL-273 and CL-741: In early 2026, Kairos Pharma announced the acquisition of exclusive worldwide rights to CL-273, an investigational pan-EGFR inhibitor for EGFR-mutant non-small cell lung cancer (NSCLC), and a term sheet for CL-741, a Phase 1-ready c-MET inhibitor. The agreement for CL-273 includes a $15 million milestone payment upon FDA New Drug Application (NDA)/Biologics License Application (BLA) submission, as well as a 2% royalty on U.S. net revenues for the life of the related intellectual property. These acquisitions provide direct future revenue potential through milestone achievements and royalties as these targeted therapies advance towards regulatory approval and potential market entry, addressing a projected $16.2 billion market by 2026 for EGFR-mutant lung cancer.
  3. Strategic partnerships and licensing agreements for pipeline candidates: As a clinical-stage company, Kairos Pharma strategically seeks partnerships and licensing agreements to generate revenue and fund its ongoing research and development efforts. The company already has an existing licensing agreement with Tracon Pharmaceuticals that includes milestone payments and royalties. The continued advancement of its diversified pipeline, including KROS 201 which has received an IND from the FDA for a Phase 1 clinical trial in recurrent glioblastoma, and other preclinical candidates, enhances its attractiveness for new collaborations. Such agreements would typically involve upfront payments, development milestones, and future royalties on product sales, providing crucial non-dilutive revenue streams.

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Share Issuance

  • In June 2021, Kairos Pharma issued 6,000,000 shares of newly issued restricted common stock to acquire Enviro Therapeutics, Inc.

Outbound Investments

  • In June 2021, Kairos Pharma acquired Enviro Therapeutics, Inc. through a share exchange, making Enviro a wholly owned subsidiary.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

KAPAEXELRCUSREGNAMGNBMYMedian
NameKairos P.Exelixis Arcus Bi.Regenero.Amgen Bristol-. 
Mkt Price0.3156.5127.05695.18393.1063.6060.05
Mkt Cap0.014.63.472.3212.3129.643.4
Rev LTM02,37523614,92037,22048,4838,648
Op Inc LTM-6957-3983,84310,56813,5912,400
FCF LTM-4905-4893,7918,59711,9082,348
FCF 3Y Avg-3621-3423,5618,87012,5012,091
CFO LTM-4925-4885,01310,75613,3062,969
CFO 3Y Avg-3695-3334,56810,34813,7802,632

Growth & Margins

KAPAEXELRCUSREGNAMGNBMYMedian
NameKairos P.Exelixis Arcus Bi.Regenero.Amgen Bristol-. 
Rev Chg LTM-3.3%67.4%5.9%9.1%1.8%5.9%
Rev Chg 3Y Avg-12.9%42.0%6.4%12.5%1.9%12.5%
Rev Chg Q-10.0%-39.3%19.0%5.8%2.6%5.8%
QoQ Delta Rev Chg LTM-2.4%-4.5%4.0%1.3%0.6%1.3%
Op Inc Chg LTM-80.8%17.5%8.7%-2.4%41.9%72.7%13.1%
Op Inc Chg 3Y Avg-132.9%118.3%-16.4%-6.3%8.8%21.0%1.2%
Op Mgn LTM-40.3%-168.6%25.8%28.4%28.0%28.0%
Op Mgn 3Y Avg-28.9%-194.4%28.1%24.6%20.2%24.6%
QoQ Delta Op Mgn LTM-1.8%-12.4%-0.1%3.7%-0.4%-0.1%
CFO/Rev LTM-38.9%-206.8%33.6%28.9%27.4%28.9%
CFO/Rev 3Y Avg-30.9%-169.4%32.6%30.7%29.2%30.7%
FCF/Rev LTM-38.1%-207.2%25.4%23.1%24.6%24.6%
FCF/Rev 3Y Avg-27.2%-173.8%25.5%26.4%26.5%26.4%

Valuation

KAPAEXELRCUSREGNAMGNBMYMedian
NameKairos P.Exelixis Arcus Bi.Regenero.Amgen Bristol-. 
Mkt Cap0.014.63.472.3212.3129.643.4
P/S-6.114.44.85.72.75.7
P/Op Inc-1.115.3-8.518.820.19.512.4
P/EBIT-1.115.3-9.413.918.011.412.6
P/E-1.117.5-9.216.327.217.816.9
P/CFO-1.715.8-7.014.419.79.712.1
Total Yield-89.6%5.7%-10.9%6.6%6.1%9.5%5.9%
Dividend Yield0.0%0.0%0.0%0.5%2.5%3.9%0.3%
FCF Yield 3Y Avg-5.2%-22.8%4.9%5.3%13.0%5.2%
D/E0.00.00.00.00.30.40.0
Net D/E-0.6-0.0-0.2-0.10.20.3-0.1

Returns

KAPAEXELRCUSREGNAMGNBMYMedian
NameKairos P.Exelixis Arcus Bi.Regenero.Amgen Bristol-. 
1M Rtn-12.0%3.2%-12.7%9.8%9.7%11.8%6.4%
3M Rtn-47.8%25.8%9.1%-4.9%16.6%10.4%9.7%
6M Rtn-56.7%29.2%17.7%-9.6%13.5%17.0%15.2%
12M Rtn-64.7%27.3%174.6%25.1%34.4%40.3%30.8%
3Y Rtn-88.2%184.7%35.9%-6.1%82.4%19.3%27.6%
1M Excs Rtn-13.0%2.2%-13.8%8.8%8.7%10.8%5.4%
3M Excs Rtn-52.1%23.0%4.9%-10.0%12.9%7.8%6.3%
6M Excs Rtn-64.1%22.7%13.4%-15.5%7.2%12.1%9.6%
12M Excs Rtn-83.2%7.6%148.1%7.9%15.8%21.3%11.8%
3Y Excs Rtn-151.9%123.2%-28.8%-68.3%19.8%-50.5%-39.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Developing immunotherapy and cell therapies for the treatment of cancer00   
Single Segment  000
Total00000


Net Income by Segment
$ Mil20252024
Developing immunotherapy and cell therapies for the treatment of cancer-5-3
Total-5-3


Assets by Segment
$ Mil2023202220212020
Single Segment1110
Total1110


Price Behavior

Price Behavior
Market Price$0.31 
Market Cap ($ Bil)0.0 
First Trading Date09/16/2024 
Distance from 52W High-84.4% 
   50 Days200 Days
DMA Price$0.42$0.66
DMA Trenddowndown
Distance from DMA-26.5%-53.6%
 3M1YR
Volatility77.8%84.7%
Downside Capture396.74179.42
Upside Capture19.8821.73
Correlation (SPY)31.3%24.7%
KAPA Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta1.161.341.020.941.27-0.49
Up Beta4.503.761.661.762.50-1.11
Down Beta0.650.360.571.182.95-0.21
Up Capture-125%-50%-19%-16%-9%-3%
Bmk +ve Days11244067140429
Stock +ve Days9152959112188
Down Capture170%219%189%127%72%81%
Bmk -ve Days10172358112321
Stock -ve Days12253365133248

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KAPA
KAPA-67.0%84.7%-0.93-
Sector ETF (XLV)24.3%15.8%1.184.0%
Equity (SPY)17.3%12.7%0.9924.8%
Gold (GLD)20.2%28.1%0.644.9%
Commodities (DBC)29.1%19.5%1.19-2.0%
Real Estate (VNQ)14.4%14.1%0.720.9%
Bitcoin (BTCUSD)-46.4%42.9%-1.3324.8%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KAPA
KAPA-34.1%148.0%-0.20-
Sector ETF (XLV)7.0%15.0%0.282.1%
Equity (SPY)12.9%17.1%0.587.6%
Gold (GLD)16.9%18.4%0.74-2.0%
Commodities (DBC)9.1%19.5%0.36-4.0%
Real Estate (VNQ)2.9%18.9%0.051.4%
Bitcoin (BTCUSD)16.2%53.4%0.485.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KAPA
KAPA-18.8%148.0%-0.20-
Sector ETF (XLV)10.3%16.6%0.502.1%
Equity (SPY)14.9%17.9%0.717.6%
Gold (GLD)11.3%16.1%0.57-2.0%
Commodities (DBC)6.8%18.0%0.30-4.0%
Real Estate (VNQ)5.2%20.7%0.211.4%
Bitcoin (BTCUSD)57.5%66.2%0.985.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 630202623.2%
Average Daily Volume3.6 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity21.0 Mil
Short % of Basic Shares0.9%

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
03/31/202605/13/202610-Q
12/31/202503/31/202610-K
09/30/202511/14/202510-Q
06/30/202508/12/202510-Q
03/31/202505/14/202510-Q
12/31/202404/15/202510-K
09/30/202411/14/202410-Q
06/30/202409/17/2024424B4
03/31/202405/13/2024S-1/A
09/30/202302/14/2024S-1/A
06/30/202309/29/2023S-1
03/31/202309/18/2023DRS/A
12/31/202103/29/2023DRS
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Report DateFiling DateFiling
03/31/202605/13/202610-Q
12/31/202503/31/202610-K
09/30/202511/14/202510-Q
06/30/202508/12/202510-Q
03/31/202505/14/202510-Q
12/31/202404/15/202510-K
09/30/202411/14/202410-Q
06/30/202409/17/2024424B4
03/31/202405/13/2024S-1/A
09/30/202302/14/2024S-1/A
06/30/202309/29/2023S-1
03/31/202309/18/2023DRS/A
12/31/202103/29/2023DRS
Core Cache Last Updated: 7/28/2026