Kyntra Bio, Inc. (KYNB)


Market Price (10/9/2026): $5.89 | Market Cap: $23.8 MilSector: Health Care | Industry: Biotechnology

Kyntra Bio, Inc. (KYNB)


Market Price (10/9/2026): $5.89
Market Cap: $23.8 Mil
Sector: Health Care
Industry: Biotechnology

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

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 759%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 755%

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 -379%

Low stock price volatility
Vol 12M is 48%

Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.

Weak multi-year price returns
2Y Excs Rtn is -70%, 3Y Excs Rtn is -118%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -50 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1088%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -37%, Rev Chg QQuarterly Revenue Change % is -209%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 86%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -824%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -824%

Key risks
KYNB key risks include [1] a history of regulatory rejection and late-stage trial failures for its key drug candidate, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 759%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 755%
1 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 -379%
2 Low stock price volatility
Vol 12M is 48%
3 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -70%, 3Y Excs Rtn is -118%
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -50 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1088%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -37%, Rev Chg QQuarterly Revenue Change % is -209%
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 86%
8 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -824%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -824%
9 Key risks
KYNB key risks include [1] a history of regulatory rejection and late-stage trial failures for its key drug candidate, Show more.

KYNB in ETFs

Weight = KYNB's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 10/5/2026

Kyntra Bio, Inc. (KYNB) stock has lost about 20% since 6/30/2026 because of the following key factors:

1. Declining Revenue in Fiscal Q2 2026. Kyntra Bio reported a total revenue from continuing operations of negative $1.5 million for its fiscal Q2 2026 (ended June 30, 2026), a decline compared to $1.3 million in revenue for the same period in fiscal 2025. While the company achieved a net income of $12.0 million in fiscal Q2 2026, the negative revenue from core operations may have raised investor concerns about its financial performance and future commercialization prospects.

2. Reduction in Cash Runway Following Royalty Obligation Buyout. In August 2026, Kyntra Bio completed an amendment to its royalty financing agreement, reducing its maximum aggregate payment obligations from $125 million to $65 million. This involved an accelerated upfront payment of $42.6 million, which decreased the company's pro forma cash, cash equivalents, investments, and accounts receivable from $95.7 million to $53.1 million as of June 30, 2026. This transaction also shortened the projected cash runway from into 2028 to the fourth quarter of 2027, potentially creating investor apprehension regarding the company's long-term liquidity and operational flexibility.

Show more
Updated on 10/5/2026

Kyntra Bio, Inc. (KYNB) stock has lost about 20% since 6/30/2026 because of the following key factors:

1. Declining Revenue in Fiscal Q2 2026. Kyntra Bio reported a total revenue from continuing operations of negative $1.5 million for its fiscal Q2 2026 (ended June 30, 2026), a decline compared to $1.3 million in revenue for the same period in fiscal 2025. While the company achieved a net income of $12.0 million in fiscal Q2 2026, the negative revenue from core operations may have raised investor concerns about its financial performance and future commercialization prospects.

2. Reduction in Cash Runway Following Royalty Obligation Buyout. In August 2026, Kyntra Bio completed an amendment to its royalty financing agreement, reducing its maximum aggregate payment obligations from $125 million to $65 million. This involved an accelerated upfront payment of $42.6 million, which decreased the company's pro forma cash, cash equivalents, investments, and accounts receivable from $95.7 million to $53.1 million as of June 30, 2026. This transaction also shortened the projected cash runway from into 2028 to the fourth quarter of 2027, potentially creating investor apprehension regarding the company's long-term liquidity and operational flexibility.

3. Absence of New Positive Clinical Catalysts. During the period following the fiscal Q2 2026 earnings report, Kyntra Bio did not announce any new positive clinical trial data for its key pipeline assets, FG-3246 and roxadustat. The company reiterated that interim analysis for the Phase 2 FG-3246 trial in metastatic castration-resistant prostate cancer and the initiation of a pivotal Phase 3 trial for roxadustat in lower-risk myelodysplastic syndromes were both on track for the fourth quarter of 2026. The lack of immediate, positive clinical updates may have led to a decrease in investor enthusiasm and a lack of upward stock momentum.

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Stock Movement Drivers

Fundamental Drivers

The -21.1% change in KYNB stock from 6/30/2026 to 10/8/2026 was primarily driven by a -37.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)630202610082026Change
Stock Price ($)7.555.96-21.1%
Change Contribution By: 
Total Revenues ($ Mil)75-37.9%
Net Income Margin (%)2199.4%3967.8%80.4%
P/E Multiple0.20.1-29.5%
Shares Outstanding (Mil)440.0%
Cumulative Contribution-21.1%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/8/2026
ReturnCorrelation
KYNB-21.1% 
Market (SPY)3.6%7.3%
Sector (XLV)6.0%28.5%

Fundamental Drivers

The -12.1% change in KYNB stock from 3/31/2026 to 10/8/2026 was primarily driven by a -28.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)331202610082026Change
Stock Price ($)6.785.96-12.1%
Change Contribution By: 
Total Revenues ($ Mil)65-28.3%
Net Income Margin (%)2848.6%3967.8%39.3%
P/E Multiple0.10.1-11.9%
Shares Outstanding (Mil)440.0%
Cumulative Contribution-12.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/8/2026
ReturnCorrelation
KYNB-12.1% 
Market (SPY)19.3%12.9%
Sector (XLV)15.2%36.4%

Fundamental Drivers

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Market Drivers

9/30/2025 to 10/8/2026
ReturnCorrelation
KYNB  
Market (SPY)17.1%26.6%
Sector (XLV)22.4%32.6%

Fundamental Drivers

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Market Drivers

9/30/2023 to 10/8/2026
ReturnCorrelation
KYNB  
Market (SPY)87.3%26.6%
Sector (XLV)36.8%32.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
KYNB Return------32%-32%
Peers Return18%23%15%2%24%16%144%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
KYNB Win Rate-----30% 
Peers Win Rate55%55%53%57%63%54% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
KYNB Max Drawdown------ 
Peers Max Drawdown-18%-20%-17%-27%-24%-19% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRTX, ABBV, AMGN, GILD, REGN.
[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 10/8/2026 (YTD)

How Low Can It Go

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

EventXLVS&P 500
2025 US Tariff Shock
  % Loss-11.7%-18.8%
  % Gain to Breakeven13.3%23.1%
  Time to Breakeven142 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-13.8%-24.5%
  % Gain to Breakeven15.9%32.4%
  Time to Breakeven166 days427 days
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-15.0%-19.2%
  % Gain to Breakeven17.6%23.8%
  Time to Breakeven191 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-15.9%-12.2%
  % Gain to Breakeven18.9%13.9%
  Time to Breakeven165 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-15.8%-17.9%
  % Gain to Breakeven18.8%21.8%
  Time to Breakeven153 days123 days

Compare to VRTX, ABBV, AMGN, GILD, REGN

In The Past

State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% 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.

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

EventXLVS&P 500
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
2008-2009 Global Financial Crisis
  % Loss-37.9%-53.4%
  % Gain to Breakeven61.1%114.4%
  Time to Breakeven767 days1085 days

Compare to VRTX, ABBV, AMGN, GILD, REGN

In The Past

State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% 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 Kyntra Bio, Inc. (KYNB)

FibroGen, Inc., a biopharmaceutical company, discovers, develops, and commercializes therapeutics to treat serious unmet medical needs. The company is developing Roxadustat, an oral small molecule inhibitor of hypoxia inducible factor prolyl hydroxylases, which has completed Phase III clinical development for the treatment of anemia in chronic kidney disease in the United States, Europe, China, and Japan; and in Phase II/III development in China for anemia associated with myelodysplastic syndromes. It is also developing Pamrevlumab, a human monoclonal antibody that inhibits the activity of connective tissue growth factor that is in Phase III clinical development for the treatment of idiopathic pulmonary fibrosis, pancreatic cancer, liver fibrosis, and diabetic kidney disease, as well as Phase III trial for the treatment of Duchenne muscular dystrophy. The company has collaboration agreements with Astellas Pharma Inc. and AstraZeneca AB. FibroGen, Inc. was incorporated in 1993 and is headquartered in San Francisco, California.

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Thane Wettig

Chief Executive Officer

Thane Wettig joined FibroGen, which later rebranded to Kyntra Bio, Inc., in June 2020 as Chief Commercial Officer and was appointed interim CEO in July 2023, before becoming the permanent Chief Executive Officer. Prior to joining FibroGen, he served as Chief Commercial Officer and Metabolic Franchise Head at Intarcia Therapeutics. Before 2018, Wettig was the Chief Marketing Officer for Eli Lilly's diabetes segment, where he played a significant role in the development and launch of several major diabetes medicines. He also contributed to the design and management of the successful diabetes alliance between Eli Lilly and Boehringer-Ingelheim. Under his leadership, Kyntra Bio completed the sale of FibroGen China to AstraZeneca, which Wettig described as a transformational event for the company.

David DeLucia

Senior Vice President and Chief Financial Officer

David DeLucia was appointed Chief Financial Officer of FibroGen (now Kyntra Bio, Inc.) on December 16, 2024. He joined the company in 2022 and previously served as Vice President, Head of Corporate Financial Planning and Analysis, Investor Relations, and Treasury. Before his tenure at FibroGen, DeLucia held various financial and corporate development roles at TherapeuticsMD. Earlier in his career, he worked as a buy-side investor at J.P. Morgan Asset Management, specializing in small and mid-cap healthcare companies. He holds the Chartered Financial Analyst (CFA) designation and dual degrees in Finance & Accounting and Economics from the University of Michigan Ross School of Business.

John Alden

General Counsel

John Alden serves as the General Counsel for Kyntra Bio, Inc.

Carol Gaddum

Vice President of Product Development

Carol Gaddum is the Vice President of Product Development at Kyntra Bio, Inc.

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For Kyntra Bio, Inc. (symbol: KYNB), the key risks to the business are:

1. Clinical Trial and Regulatory Approval Risks

As a biopharmaceutical company, Kyntra Bio's success is heavily reliant on the successful development and regulatory approval of its drug candidates. The company is currently advancing FG-3246, an antibody-drug conjugate for metastatic castration-resistant prostate cancer, which is in Phase 2 development with interim results expected in the second half of 2026. Kyntra Bio is also pursuing the development of Roxadustat for anemia in lower-risk myelodysplastic syndromes (LR-MDS) in the U.S., having submitted a pivotal Phase 3 clinical trial protocol. The company, formerly FibroGen, Inc., has a history of late-stage trial failures and regulatory setbacks for Roxadustat in the U.S., including a rejection by the Food and Drug Administration (FDA) in 2021 due to safety concerns and a failed Phase 3 trial in 2023 for a broader myelodysplastic syndrome indication. Any further setbacks, trial failures, or adverse regulatory decisions for FG-3246 or Roxadustat would significantly jeopardize the company's future prospects and ability to bring products to market.

2. Financial Health and Funding Risk

Kyntra Bio faces significant financial challenges, having reported substantial net losses from continuing operations, including $58.2 million for the full year 2025. The company's revenue from continuing operations has also declined significantly, from $29.6 million in 2024 to $6.4 million in 2025. Financial health assessments categorize the company as having "poor financial strength" with a distressed Altman Z-Score, which implies a high risk of bankruptcy. While Kyntra Bio anticipates its cash, cash equivalents, and investments of $109.4 million as of December 31, 2025, to fund operations into 2028, the substantial capital required for ongoing and future clinical trials, particularly the planned Phase 3 for Roxadustat, suggests a continued high reliance on securing additional funding in the future.

3. Competition and Market Acceptance Risk

The biopharmaceutical industry is highly competitive. For Roxadustat, Kyntra Bio faces an already established competitive landscape. A rival, Akebia Therapeutics, received FDA approval for a competing anemia drug in March 2024, thereby capturing the U.S. market for anemia in dialysis patients with chronic kidney disease. Although Kyntra Bio is now targeting a narrower indication with Roxadustat in LR-MDS in the U.S., the presence of approved alternatives poses a challenge. Similarly, FG-3246, while a potential first-in-class antibody-drug conjugate, is entering the highly competitive oncology market, particularly for metastatic castration-resistant prostate cancer, where numerous existing and emerging treatments are available. Even if Kyntra Bio's drug candidates receive regulatory approval, securing significant market acceptance and adoption by physicians and patients is not guaranteed.

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For Kyntra Bio, Inc. (KYNB), the addressable market for its main product candidate, FG-3246, is estimated to be over $5 billion annually in the U.S. alone. FG-3246 is an antibody-drug conjugate (ADC) currently in Phase 2 development for metastatic castration-resistant prostate cancer (mCRPC).

Kyntra Bio also has Roxadustat, which is approved in Europe, Japan, China, and other countries for the treatment of anemia in chronic kidney disease (CKD) patients on and not on dialysis. The company is also evaluating a Phase 3 trial for Roxadustat in the U.S. for anemia associated with lower-risk myelodysplastic syndromes (LR-MDS). However, the addressable market size for Roxadustat for these indications and regions is not explicitly quantified in the provided information.

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Kyntra Bio, Inc. (KYNB), formerly known as FibroGen, Inc., officially rebranded and began trading under its new symbol on January 8, 2026. The company has undergone a strategic transformation to focus on oncology and rare disease therapies, which will be key drivers of its future revenue growth.

Here are 3-5 expected drivers of future revenue growth for Kyntra Bio, Inc. over the next 2-3 years:

  1. Advancement and Potential Commercialization of Roxadustat for Anemia in Myelodysplastic Syndromes (MDS): Roxadustat, an oral small molecule inhibitor, is considered Phase III-ready for the treatment of anemia associated with lower-risk myelodysplastic syndromes. The company received Orphan Drug Designation from the FDA for this indication in December 2025, which could provide seven years of U.S. regulatory exclusivity upon approval. A potential Phase III trial is expected to commence in the second half of 2026.
  2. Clinical Development and Potential Market Entry of FG-3246 in Prostate Cancer: Kyntra Bio is prioritizing the development of FG-3246, a CD46-targeting antibody drug conjugate, along with its companion PET imaging agent FG-3180. The company has initiated a Phase 2 monotherapy trial for FG-3246 in metastatic castration-resistant prostate cancer (mCRPC), with interim results anticipated in the latter half of 2026. Positive data from an investigator-sponsored Phase 1b/2 study in combination with enzalutamide have already shown promising clinical activity in a targeted patient population.
  3. Leveraging Existing Roxadustat Approvals for Chronic Kidney Disease (CKD) Anemia in Approved Territories: While the company has refocused its strategy, Roxadustat is already approved in Europe, Japan, and other international markets for the treatment of anemia in chronic kidney disease patients. Continued sales and market penetration in these established regions will serve as a foundational revenue stream, contributing to the company's financial stability as new pipeline assets advance.
  4. Pipeline Expansion and Strategic Partnerships in Oncology and Rare Diseases: Kyntra Bio's strategic shift explicitly targets oncology and rare disease therapeutics. Beyond FG-3246, the pipeline includes anti-GAL-9 antibodies (FG-3165 and FG-3175) targeting solid tumors, indicating a broader commitment to developing novel therapies in these high-value areas. Successful advancement of these and future pipeline assets, potentially through new collaborations or expanded existing agreements (such as with Astellas Pharma Inc. and AstraZeneca AB for certain indications), could drive significant long-term revenue growth.

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Share Issuance

  • Stock options were awarded to Kyntra Bio's CEO and CFO in February 2026, with the CEO receiving 60,000 options and the CFO receiving 26,000 options, both at an $8.50 strike price.

Inbound Investments

  • In August 2025, the company completed the sale of its Chinese subsidiary, FibroGen China, to AstraZeneca for approximately $220 million. This transaction was transformative, extending the company's cash runway into 2028 and allowing for the repayment of a term loan.

Outbound Investments

  • FibroGen licensed FG-3246 from Fortis Therapeutics in May 2023 as part of its strategy to rebuild its pipeline after several clinical failures.

Capital Expenditures

  • In October 2024, the company paid $10 million to terminate its lease for its longtime Mission Bay headquarters, citing a reduced need for office space.
  • Research and development (R&D) expenses for the third quarter of 2025 were $1.2 million, a 94% decrease compared to $20 million in the third quarter of 2024, reflecting significant cost reductions and portfolio prioritization.
  • Total operating costs and expenses, including stock-based compensation, were guided to be between $50 million and $60 million for the full year 2025, representing a 70% reduction from the full year 2024.

Better Bets vs. Kyntra Bio, Inc. (KYNB)

Peer Outperformance in Biotechnology

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Share of Biotechnology constituents that KYNB has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
—
insufficient peer history
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is KYNB's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 13.9%45.7%94.9% CAH 443% · MCK 376% · COR 184%
Health Care Services 20 21.0%35.1%10.5% HIMS 280% · RDNT 141% · DGX 79%
Health Care Facilities 24 -0.8%5.1%4.8% THC 321% · NHC 279% · ENSG 139%
Managed Health Care 8 22.1%-7.9%-0.1% OSCR 123% · HQY 44% · ELV 12%
Health Care Equipment 50 -8.0%-3.8%-17.3% POCI 11563% · UFPT 346% · GKOS 257%
Pharmaceuticals 62 -10.6%0.2%-30.4% INDV 1090% · ETON 997% · LQDA 926%
Health Care Supplies 12 20.5%-8.5%-37.1% LNTH 322% · HAE 77% · MMSI 18%
Life Sciences Tools & Services 109 -10.9%-14.7%-64.2% SNWV 2286% · NTRA 243% · MEDP 219%
Biotechnology ← 364 -22.1%-23.8%-80.1% CELZ 1129% · DNTH 1093% · TRVI 969%
Health Care Technology 21 -38.6%-60.0%-82.5% SPOK 80% · HSTM 16% · VEEV -1%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

KYNBVRTXABBVAMGNGILDREGNMedian
NameKyntra B.Vertex P.AbbVie Amgen Gilead S.Regenero. 
Mkt Price6.34507.66274.70410.77148.70743.78342.74
Mkt Cap0.0128.8485.9221.8184.876.5156.8
Rev LTM512,58764,38638,09530,45615,53522,995
Op Inc LTM-504,77721,85011,42611,7164,1748,101
FCF LTM-383,79618,21010,17512,9433,5756,986
FCF 3Y Avg-881,95718,0768,7549,7363,4396,096
CFO LTM-384,29319,50712,47813,5524,6818,580
CFO 3Y Avg-882,39819,14310,31210,2964,4987,397

Growth & Margins

KYNBVRTXABBVAMGNGILDREGNMedian
NameKyntra B.Vertex P.AbbVie Amgen Gilead S.Regenero. 
Rev Chg LTM-37.1%10.2%10.4%9.1%5.5%9.3%9.2%
Rev Chg 3Y Avg19.2%9.8%4.9%12.8%3.6%7.0%8.4%
Rev Chg Q-209.3%12.5%10.2%9.5%10.2%16.7%10.2%
QoQ Delta Rev Chg LTM-37.9%3.0%2.5%2.4%2.4%4.1%2.5%
Op Inc Chg LTM18.7%2,497.9%59.5%39.5%7.6%6.1%29.1%
Op Inc Chg 3Y Avg39.5%792.2%11.2%12.3%-0.8%-1.7%11.7%
Op Mgn LTM-1,088.3%37.9%33.9%30.0%38.5%26.9%32.0%
Op Mgn 3Y Avg-23.9%27.5%24.5%37.0%28.2%27.5%
QoQ Delta Op Mgn LTM-492.2%-0.2%0.8%1.6%-1.6%1.1%0.3%
CFO/Rev LTM-824.2%34.1%30.3%32.8%44.5%30.1%31.5%
CFO/Rev 3Y Avg-19.6%32.4%29.3%35.2%31.2%31.2%
FCF/Rev LTM-824.4%30.2%28.3%26.7%42.5%23.0%27.5%
FCF/Rev 3Y Avg-15.7%30.6%24.9%33.3%23.9%24.9%

Valuation

KYNBVRTXABBVAMGNGILDREGNMedian
NameKyntra B.Vertex P.AbbVie Amgen Gilead S.Regenero. 
Mkt Cap0.0128.8485.9221.8184.876.5156.8
P/S5.610.27.55.86.14.95.9
P/Op Inc-0.527.022.219.415.818.318.9
P/EBIT-1.225.541.817.1-193.114.615.9
P/E0.129.277.025.4-57.017.721.5
P/CFO-0.730.024.917.813.616.317.1
Total Yield759.3%3.5%3.8%6.4%0.5%6.2%5.0%
Dividend Yield0.0%0.0%2.5%2.4%2.2%0.5%1.4%
FCF Yield 3Y Avg-1.6%4.5%4.9%6.8%4.9%4.9%
D/E0.00.00.10.30.10.00.1
Net D/E-3.6-0.00.10.20.1-0.10.0

Returns

KYNBVRTXABBVAMGNGILDREGNMedian
NameKyntra B.Vertex P.AbbVie Amgen Gilead S.Regenero. 
1M Rtn-22.8%-4.0%10.4%4.5%2.0%-8.2%-1.0%
3M Rtn-13.3%2.2%10.7%13.6%10.9%11.5%10.8%
6M Rtn-11.8%13.6%31.3%17.1%5.9%-2.9%9.8%
12M Rtn-29.7%20.5%22.5%43.3%28.9%32.6%25.7%
3Y Rtn-29.7%42.9%104.3%65.5%117.7%-9.7%54.2%
1M Excs Rtn-22.9%-4.3%7.8%3.3%1.0%-9.6%-1.7%
3M Excs Rtn-19.2%2.1%9.0%11.2%12.6%9.5%9.3%
6M Excs Rtn-26.4%-0.3%17.4%3.2%-8.0%-16.7%-4.1%
12M Excs Rtn-46.3%7.9%5.9%27.1%14.7%12.4%10.2%
3Y Excs Rtn-118.7%-37.3%22.4%-12.1%38.6%-91.2%-24.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Development and commercialization of novel therapeutics to treat serious unmet medical needs63047  
Development and other revenue   2470
Drug product revenue, net   111
License revenue   23116
Product revenue, net   8348
Total63047141235


Price Behavior

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KYNB Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.350.400.450.470.59-0.23
Up Beta-4.25-0.97-0.560.77-0.92-1.18
Down Beta-1.23-2.050.520.60-0.600.23
Up Capture8%99%41%19%24%2%
Bmk +ve Days6162766132424
Stock +ve Days62128567979
Down Capture281%130%124%46%87%50%
Bmk -ve Days16263760120328
Stock -ve Days162135639898

[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 KYNB
KYNB-34.0%47.6%-1.01-
Sector ETF (XLV)18.2%15.7%0.8632.6%
Equity (SPY)16.7%13.0%0.9126.6%
Gold (GLD)3.4%29.6%0.1118.9%
Commodities (DBC)45.0%20.9%1.67-16.0%
Real Estate (VNQ)2.8%13.7%-0.0516.1%
Bitcoin (BTCUSD)-31.7%44.2%-0.7323.3%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with KYNB
KYNB-8.0%47.6%-1.01-
Sector ETF (XLV)7.4%15.2%0.2932.6%
Equity (SPY)14.0%17.1%0.6326.6%
Gold (GLD)18.2%18.9%0.7818.9%
Commodities (DBC)10.3%19.6%0.40-16.0%
Real Estate (VNQ)1.3%18.8%-0.0416.1%
Bitcoin (BTCUSD)13.7%52.2%0.4323.3%

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 KYNB
KYNB-4.1%47.6%-1.01-
Sector ETF (XLV)10.6%16.7%0.5132.6%
Equity (SPY)15.4%17.9%0.7326.6%
Gold (GLD)11.6%16.4%0.5818.9%
Commodities (DBC)8.3%18.1%0.37-16.0%
Real Estate (VNQ)4.2%20.7%0.1616.1%
Bitcoin (BTCUSD)63.6%66.2%1.0323.3%

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

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 8312026-4.8%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest4.2 days
Basic Shares Quantity4.0 Mil
Short % of Basic Shares2.5%

Earnings Returns History

Updated 10/6/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/13/20260.1%4.0%14.1%
5/11/20266.2%0.4%-1.6%
3/16/20265.3%0.9%1.7%
SUMMARY STATS   
# Positive332
# Negative001
Median Positive5.3%0.9%7.9%
Median Negative  -1.6%
Max Positive6.2%4.0%14.1%
Max Negative  -1.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/13/20260.1%4.0%14.1%
5/11/20266.2%0.4%-1.6%
3/16/20265.3%0.9%1.7%
SUMMARY STATS   
# Positive332
# Negative001
Median Positive5.3%0.9%7.9%
Median Negative  -1.6%
Max Positive6.2%4.0%14.1%
Max Negative  -1.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/12/202610-Q
12/31/202503/16/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/12/202510-Q
12/31/202403/17/202510-K
09/30/202411/12/202410-Q
06/30/202408/06/202410-Q
03/31/202405/06/202410-Q
12/31/202302/26/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202202/27/202310-K
09/30/202211/07/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/12/202610-Q
12/31/202503/16/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/12/202510-Q
12/31/202403/17/202510-K
09/30/202411/12/202410-Q
06/30/202408/06/202410-Q
03/31/202405/06/202410-Q
12/31/202302/26/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202202/27/202310-K
09/30/202211/07/202210-Q
06/30/202208/08/202210-Q
03/31/202205/09/202210-Q
12/31/202102/28/202210-K
09/30/202111/09/202110-Q
06/30/202108/09/202110-Q
03/31/202105/10/202110-Q
12/31/202003/01/202110-K
09/30/202011/05/202010-Q
06/30/202008/06/202010-Q
03/31/202005/07/202010-Q
12/31/201903/02/202010-K
09/30/201911/12/201910-Q

Recent Forward Guidance

Updated 10/4/2026

Latest: Q2 2026 Earnings Reported 8/13/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2028 Cash RunwayReported     AffirmedGuidance: 2028 for 2028


Prior: Q1 2026 Earnings Reported 5/11/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2028 Cash RunwayReported 2028    

Insider Activity

Updated 10/6/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Wettig, ThaneCEODirectBuy51520267.092,80019,852192,869Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Wettig, ThaneCEODirectBuy51520267.092,80019,852192,869Form
Core Cache Last Updated: 10/8/2026