Tearsheet

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 -48%
Weak multi-year price returns
2Y Excs Rtn is -99%, 3Y Excs Rtn is -139%
Penny stock
Mkt Price is 0.6
1 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Targeted Therapies, Show more.
  Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
2   Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -5.6 Mil
3   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 -47%
4   High stock price volatility
Vol 12M is 119%
5   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 -48%
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 -99%, 3Y Excs Rtn is -139%
3 Penny stock
Mkt Price is 0.6
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 -5.6 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 -47%
7 High stock price volatility
Vol 12M is 119%
8 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 & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Kairos Pharma (KAPA) stock has lost about 30% since 11/30/2025 because of the following key factors:

1. Continued Unprofitability and Financial Outlook: Kairos Pharma reported a net loss of $1.4 million for Q3 2025 (ending September 30, 2025), with no reported revenue for the quarter. The company is projected to remain unprofitable over the next three years, which likely contributed to negative investor sentiment despite management's expectation that current cash of $5.6 million (as of September 30, 2025) would fund operations for at least 12 months. The company's earnings have also been declining at an average annual rate of -33.7%.

2. Dilution from Recent Strategic Acquisition: In late February and early March 2026, Kairos Pharma announced a term sheet and subsequently binding terms to acquire exclusive worldwide rights to CL-273 from Celyn Therapeutics. As part of the consideration for this acquisition, Kairos Pharma agreed to issue shares to Celyn such that Celyn holds 16.5% of Kairos Pharma's shares on a fully diluted basis. This significant potential dilution, coupled with a $15 million milestone payment upon FDA NDA/BLA submission and a 2% royalty on U.S. generated net revenues, likely raised concerns among investors regarding the company's capital structure and future share value.

Show more

Stock Movement Drivers

Fundamental Drivers

The -30.5% change in KAPA stock from 11/30/2025 to 3/29/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)113020253292026Change
Stock Price ($)0.830.58-30.5%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)20200.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
KAPA-30.5% 
Market (SPY)-5.3%20.0%
Sector (XLV)-8.7%4.7%

Fundamental Drivers

The -57.1% change in KAPA stock from 8/31/2025 to 3/29/2026 was primarily driven by a -14.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)83120253292026Change
Stock Price ($)1.350.58-57.1%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)1720-14.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
KAPA-57.1% 
Market (SPY)0.6%28.7%
Sector (XLV)5.2%8.1%

Fundamental Drivers

The -51.3% change in KAPA stock from 2/28/2025 to 3/29/2026 was primarily driven by a -46.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)22820253292026Change
Stock Price ($)1.190.58-51.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)1120-46.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
KAPA-51.3% 
Market (SPY)9.8%9.0%
Sector (XLV)-2.1%-3.0%

Fundamental Drivers

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Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
KAPA  
Market (SPY)69.4%6.4%
Sector (XLV)18.4%3.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
KAPA Return----42%-53%-17%-77%
Peers Return16%-1%10%1%26%1%63%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
KAPA Win Rate---25%25%0% 
Peers Win Rate52%55%48%55%55%47% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
KAPA Max Drawdown----50%-70%-22% 
Peers Max Drawdown-13%-18%-18%-18%-22%-7% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[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 3/27/2026 (YTD)

How Low Can It Go

KAPA has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

Unique KeyEventXLVS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-16.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven19.1%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven599 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-28.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven40.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven116 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-15.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven18.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven326 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-40.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven68.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,100 days1,480 days

Compare to EXEL, RCUS, REGN, AMGN, BMY

In The Past

SPDR Select Sector Fund's stock fell -16.1% during the 2022 Inflation Shock from a high on 4/8/2022. A -16.1% loss requires a 19.1% 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)

We are a clinical-stage biopharmaceutical company advancing therapeutics for cancer patients that are designed to overcome key hurdles in immune suppression and drug resistance. These therapeutics include antibodies and small molecules for the treatment of prostate cancer, lung cancer, breast cancer and glioblastoma. We are driven by innovative science to develop novel and transformative drug therapies to treat cancer. Our mission is to advance our portfolio of innovative therapeutics to transform the way cancer is treated. We have leveraged molecular insights to develop a new class of novel drugs that we expect will target drug resistance and checkpoints of immune suppression. “Checkpoints” refer to molecules on certain immune cells that need to be activated (or inactivated) to start an immune response. Our portfolio of seven drug candidates offers diversification and mitigates the overall exposure to many of the inherent risks of drug development. Our key patents are licensed from Cedars-Sinai Medical Center, the largest academic medical center in the Western United States, and Tracon Pharmaceuticals, Inc., a clinical stage public biopharmaceutical company based in California. The science underlying the patents was developed at Cedars-Sinai Medical Center and was licensed to us from this institution. The human immune system can tell the difference between normal cells in the body and those it sees as “foreign,” which allows it to focus an attack on the foreign cells while leaving the normal cells alone. To do this, our immune system uses checkpoints. Cancer cells can find ways to use these checkpoints to avoid being attacked by the immune system. We are developing small molecules that we believe can specifically target these central checkpoints. In addition, we are developing an activated T cell therapy that is designed to transform a patient’s T cells into killer activated T cells against cancerous stem cells. These activated T cells are induced to target several antigen targets on glioblastoma cancer stem cells, the initiators and propagators of glioblastoma tumors. In June 2021, Kairos acquired Enviro Therapeutics, Inc., a California corporation (“Enviro”), through a share exchange. Enviro’s shareholders exchanged 100% of the outstanding shares of Enviro for 6,000,000 shares of newly issued restricted shares of common stock of Kairos. After the closing, Enviro became a wholly owned subsidiary of Kairos. The acquisition allowed us to incorporate into our company Enviro’s advanced pipeline of drug candidates in Phase 1 and Phase 2 trials. The pipeline includes two therapeutic agents addressing what we believe to be significant unmet needs in the prostate and lung cancer markets and that we believe can help address cancer progression in those cancers that develop resistance to standard therapies. Our drug candidate portfolio currently consists of a pipeline of seven drug candidates, including KROS drugs, which are immunotherapeutics, and ENV antibodies, which are designed to reverse drug resistance that often results as a consequence of the use of cancer therapeutics. Our pipeline is summarized below: . Five pre-clinical or clinical-trial stage drug candidates developed by us and designed to target immune response, including KROS 101, 102, 201, 301, and 401, which are designed to reverse immunosuppression of T cells that is caused by cancer. - KROS 101 and 102 are small molecules that are agonist and antagonist for the GITR (glucocorticoid induced TNF-like receptor) ligand, which respectively promote and inhibit T cell growth and function. GITR is a checkpoint central to control the numbers of T cells of the immune system. These molecules are in the preclinical stage and are being developed for clinical trials. - KROS 201 is an autologous T cell therapy targeting cancer stem cells of glioblastoma. This therapy has received an IND from the FDA for clinical trial and is undergoing preparation for a Phase 1 clinical trial for patients with recurrent glioblastoma. - KROS 301 is a small molecule that targets the NF-ĸß pathway, a cancer growth and immune suppressive molecule in triple negative breast cancer. This molecule is in preclinical testing. - KROS 401 is a cyclic peptide which inhibits the IL-4 and IL-13 (cytokines that play a critical role in the suppression of T cells by macrophages at the site of the tumor) receptor and is designed to reverse the immunosuppression induced by macrophages in the tumor microenvironment. . Two therapeutic agents developed by our Enviro subsidiary and designed to increase anti-tumor response in conjunction with cancer therapies by addressing resistance to these agents. - ENV 105 is an antibody that targets CD105 / Endoglin which is expressed in tumor cells and surrounding cells as the tumor becomes resistant to therapeutics in prostate cancer and lung cancer. This therapy is being tested in a randomized multicenter Phase 2 trial for prostate cancer and a Phase 1 trial in lung cancer, both of which began enrolling patients in September 2023. ENV 105 has received an IND from the FDA. - ENV 205 is an antibody that targets mitochondrial DNA which is elevated as patients become resistant to chemotherapies. This therapy is in preclinical testing. As of the date of this prospectus, our product candidates have not been approved as safe or effective by the FDA or any other comparable foreign regulator. Kairos Pharma, Ltd. was originally incorporated on June 17, 2013 under the laws of the State of California as NanoGB13, Inc. We changed our name to “Kairos Pharma, Ltd.” on July 15, 2016. On May 10, 2023, we filed a certificate of conversion with the Secretary of State of the State of California and, on the same date, we also filed with the Secretary of State of the State of Delaware a certificate of conversion from a non-Delaware corporation to a Delaware corporation pursuant to the Delaware General Corporation Law. In addition, on May 10, 2023, we also filed a certificate of incorporation with the Secretary of State of the State of Delaware and became a Delaware corporation. Our registered corporate address is 2355 Westwood Blvd., #139, Los Angeles, California.

AI Analysis | Feedback

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.

AI Analysis | Feedback

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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.
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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

Trade Ideas

Select ideas related to KAPA.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
QDEL_2282026_Insider_Buying_45D_2Buy_200K02282026QDELQuidelOrthoInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
CHE_2272026_Dip_Buyer_FCFYield02272026CHEChemedDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.0%0.0%0.0%
LLY_2272026_Monopoly_xInd_xCD_Getting_Cheaper02272026LLYEli LillyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.0%0.0%0.0%
HAE_2202026_Dip_Buyer_FCFYield02202026HAEHaemoneticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.5%3.5%0.0%
IQV_2132026_Dip_Buyer_ValueBuy02132026IQVIQVIADip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
7.1%7.1%-3.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

KAPAEXELRCUSREGNAMGNBMYMedian
NameKairos P.Exelixis Arcus Bi.Regenero.Amgen Bristol-. 
Mkt Price0.5841.5320.28737.71348.7758.5450.03
Mkt Cap0.011.12.476.1187.6119.143.6
Rev LTM02,32024714,34336,75148,1958,332
Op Inc LTM-6893-3863,7029,08013,7232,297
FCF LTM-4844-4843,7658,10012,8452,305
FCF 3Y Avg-2549-3303,6578,61813,1462,103
CFO LTM-4884-4824,9799,95814,1562,932
CFO 3Y Avg-2639-3194,6649,97314,4022,652

Growth & Margins

KAPAEXELRCUSREGNAMGNBMYMedian
NameKairos P.Exelixis Arcus Bi.Regenero.Amgen Bristol-. 
Rev Chg LTM-7.0%-4.3%1.0%10.0%-0.2%1.0%
Rev Chg 3Y Avg-13.0%40.2%5.7%11.9%1.5%11.9%
Rev Chg Q-5.6%26.9%2.5%8.6%1.3%5.6%
QoQ Delta Rev Chg LTM-1.4%2.9%0.7%2.2%0.3%1.4%
Op Mgn LTM-38.5%-156.3%25.8%24.7%28.5%25.8%
Op Mgn 3Y Avg-26.5%-189.0%29.0%24.8%19.6%24.8%
QoQ Delta Op Mgn LTM-2.6%-0.0%-0.9%0.6%4.7%0.6%
CFO/Rev LTM-38.1%-195.1%34.7%27.1%29.4%29.4%
CFO/Rev 3Y Avg-29.5%-174.2%33.6%30.5%30.5%30.5%
FCF/Rev LTM-36.4%-196.0%26.3%22.0%26.7%26.3%
FCF/Rev 3Y Avg-25.0%-182.1%26.4%26.4%27.9%26.4%

Valuation

KAPAEXELRCUSREGNAMGNBMYMedian
NameKairos P.Exelixis Arcus Bi.Regenero.Amgen Bristol-. 
Mkt Cap0.011.12.476.1187.6119.143.6
P/S-4.89.75.35.12.55.1
P/EBIT-2.312.4-7.014.416.010.611.5
P/E-2.314.1-6.816.924.316.915.5
P/CFO-2.812.5-5.015.318.88.410.5
Total Yield-43.2%7.1%-14.7%6.4%6.8%10.2%6.6%
Dividend Yield0.0%0.0%0.0%0.5%2.7%4.2%0.2%
FCF Yield 3Y Avg-5.4%-17.7%4.4%5.6%12.0%5.4%
D/E0.00.00.00.00.30.40.0
Net D/E-0.5-0.1-0.4-0.10.20.3-0.1

Returns

KAPAEXELRCUSREGNAMGNBMYMedian
NameKairos P.Exelixis Arcus Bi.Regenero.Amgen Bristol-. 
1M Rtn-4.3%-5.7%-0.4%-5.6%-10.1%-6.1%-5.7%
3M Rtn-18.2%-10.2%-12.2%-5.9%5.5%7.1%-8.0%
6M Rtn-47.3%6.4%57.9%31.1%29.6%36.1%30.4%
12M Rtn-37.1%13.2%148.2%16.4%17.2%2.5%14.8%
3Y Rtn-77.7%120.6%16.2%-8.5%58.7%-1.6%7.3%
1M Excs Rtn12.7%1.6%11.6%3.5%-0.2%3.6%3.6%
3M Excs Rtn-13.8%-2.6%-4.2%2.4%13.3%16.4%-0.1%
6M Excs Rtn-45.6%10.9%67.5%36.7%34.0%41.9%35.3%
12M Excs Rtn-51.1%0.7%134.0%4.4%6.2%-7.6%2.5%
3Y Excs Rtn-139.5%65.0%-34.7%-62.9%4.9%-62.0%-48.3%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil202420232022
Single Segment000
Total000


Assets by Segment
$ Mil202420232022
Single Segment110
Total110


Price Behavior

Price Behavior
Market Price$0.58 
Market Cap ($ Bil)0.0 
First Trading Date09/16/2024 
Distance from 52W High-70.6% 
   50 Days200 Days
DMA Price$0.64$1.17
DMA Trendindeterminatedown
Distance from DMA-10.1%-50.3%
 3M1YR
Volatility75.1%119.7%
Downside Capture0.500.06
Upside Capture-16.99-42.16
Correlation (SPY)16.4%6.8%
KAPA Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta3.241.301.692.440.530.51
Up Beta3.122.031.584.040.51-0.64
Down Beta3.402.232.544.761.261.75
Up Capture299%4%28%-27%-15%-3%
Bmk +ve Days9203170142431
Stock +ve Days9182452106147
Down Capture344%139%218%184%59%67%
Bmk -ve Days12213054109320
Stock -ve Days12233668139206

[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-36.8%119.2%0.11-
Sector ETF (XLV)0.3%17.6%-0.13-2.9%
Equity (SPY)14.5%18.9%0.596.7%
Gold (GLD)50.2%27.7%1.46-0.6%
Commodities (DBC)17.8%17.6%0.85-0.6%
Real Estate (VNQ)0.4%16.4%-0.15-1.3%
Bitcoin (BTCUSD)-23.7%44.2%-0.4911.0%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KAPA
KAPA-25.3%159.6%0.00-
Sector ETF (XLV)6.0%14.5%0.233.1%
Equity (SPY)11.8%17.0%0.546.3%
Gold (GLD)20.7%17.7%0.96-3.9%
Commodities (DBC)11.6%18.9%0.50-0.3%
Real Estate (VNQ)3.0%18.8%0.072.5%
Bitcoin (BTCUSD)4.0%56.6%0.293.4%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KAPA
KAPA-13.5%159.6%0.00-
Sector ETF (XLV)9.7%16.5%0.483.1%
Equity (SPY)14.0%17.9%0.676.3%
Gold (GLD)13.3%15.8%0.70-3.9%
Commodities (DBC)8.2%17.6%0.39-0.3%
Real Estate (VNQ)4.7%20.7%0.192.5%
Bitcoin (BTCUSD)66.4%66.8%1.063.4%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 2282026-84.4%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity20.2 Mil
Short % of Basic Shares1.0%

Earnings Returns History

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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
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