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): $5.89Market Cap: $23.8 MilSector: Health CareIndustry: Biotechnology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal 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 capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -379% Low stock price volatilityVol 12M is 48% Megatrend and thematic driversMegatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more. | Weak multi-year price returns2Y Excs Rtn is -70%, 3Y Excs Rtn is -118% | Not profitable at operating income levelOp 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 growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -37%, Rev Chg QQuarterly Revenue Change % is -209% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 86% Not cash flow generativeCFO/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 risksKYNB key risks include [1] a history of regulatory rejection and late-stage trial failures for its key drug candidate, Show more. |
| Attractive yieldTotal 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 capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -379% |
| Low stock price volatilityVol 12M is 48% |
| Megatrend and thematic driversMegatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -70%, 3Y Excs Rtn is -118% |
| Not profitable at operating income levelOp 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 growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -37%, Rev Chg QQuarterly Revenue Change % is -209% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 86% |
| Not cash flow generativeCFO/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 risksKYNB key risks include [1] a history of regulatory rejection and late-stage trial failures for its key drug candidate, Show more. |
Qualitative Assessment
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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.
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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) | 6302026 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.55 | 5.96 | -21.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 5 | -37.9% |
| Net Income Margin (%) | 2199.4% | 3967.8% | 80.4% |
| P/E Multiple | 0.2 | 0.1 | -29.5% |
| Shares Outstanding (Mil) | 4 | 4 | 0.0% |
| Cumulative Contribution | -21.1% |
Market Drivers
6/30/2026 to 10/8/2026| Return | Correlation | |
|---|---|---|
| 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) | 3312026 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.78 | 5.96 | -12.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 5 | -28.3% |
| Net Income Margin (%) | 2848.6% | 3967.8% | 39.3% |
| P/E Multiple | 0.1 | 0.1 | -11.9% |
| Shares Outstanding (Mil) | 4 | 4 | 0.0% |
| Cumulative Contribution | -12.1% |
Market Drivers
3/31/2026 to 10/8/2026| Return | Correlation | |
|---|---|---|
| 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| Return | Correlation | |
|---|---|---|
| KYNB | ||
| Market (SPY) | 17.1% | 26.6% |
| Sector (XLV) | 22.4% | 32.6% |
Fundamental Drivers
nullnull
Market Drivers
9/30/2023 to 10/8/2026| Return | Correlation | |
|---|---|---|
| KYNB | ||
| Market (SPY) | 87.3% | 26.6% |
| Sector (XLV) | 36.8% | 32.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KYNB Return | - | - | - | - | - | -32% | -32% |
| Peers Return | 18% | 23% | 15% | 2% | 24% | 16% | 144% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| KYNB Win Rate | - | - | - | - | - | 30% | |
| Peers Win Rate | 55% | 55% | 53% | 57% | 63% | 54% | |
| S&P 500 Win Rate | 75% | 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.
| Event | XLV | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -11.7% | -18.8% |
| % Gain to Breakeven | 13.3% | 23.1% |
| Time to Breakeven | 142 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -13.8% | -24.5% |
| % Gain to Breakeven | 15.9% | 32.4% |
| Time to Breakeven | 166 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.9% | -33.7% |
| % Gain to Breakeven | 38.8% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -15.0% | -19.2% |
| % Gain to Breakeven | 17.6% | 23.8% |
| Time to Breakeven | 191 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.9% | -12.2% |
| % Gain to Breakeven | 18.9% | 13.9% |
| Time to Breakeven | 165 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -15.8% | -17.9% |
| % Gain to Breakeven | 18.8% | 21.8% |
| Time to Breakeven | 153 days | 123 days |
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.
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KYNB has limited trading history. Below is the Health Care sector ETF (XLV) in its place.
| Event | XLV | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -27.9% | -33.7% |
| % Gain to Breakeven | 38.8% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -37.9% | -53.4% |
| % Gain to Breakeven | 61.1% | 114.4% |
| Time to Breakeven | 767 days | 1085 days |
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)
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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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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.AI Analysis | Feedback
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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:
- 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.
- 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.
- 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.
- 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.
Peer Outperformance in Biotechnology
null| Industry | Names | 1Y med | 3Y med | 5Y 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% |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 342.74 |
| Mkt Cap | 156.8 |
| Rev LTM | 22,995 |
| Op Inc LTM | 8,101 |
| FCF LTM | 6,986 |
| FCF 3Y Avg | 6,096 |
| CFO LTM | 8,580 |
| CFO 3Y Avg | 7,397 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.2% |
| Rev Chg 3Y Avg | 8.4% |
| Rev Chg Q | 10.2% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Inc Chg LTM | 29.1% |
| Op Inc Chg 3Y Avg | 11.7% |
| Op Mgn LTM | 32.0% |
| Op Mgn 3Y Avg | 27.5% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 31.5% |
| CFO/Rev 3Y Avg | 31.2% |
| FCF/Rev LTM | 27.5% |
| FCF/Rev 3Y Avg | 24.9% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.35 | 0.40 | 0.45 | 0.47 | 0.59 | -0.23 |
| Up Beta | -4.25 | -0.97 | -0.56 | 0.77 | -0.92 | -1.18 |
| Down Beta | -1.23 | -2.05 | 0.52 | 0.60 | -0.60 | 0.23 |
| Up Capture | 8% | 99% | 41% | 19% | 24% | 2% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 6 | 21 | 28 | 56 | 79 | 79 |
| Down Capture | 281% | 130% | 124% | 46% | 87% | 50% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 16 | 21 | 35 | 63 | 98 | 98 |
[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% | 0.86 | 32.6% |
| Equity (SPY) | 16.7% | 13.0% | 0.91 | 26.6% |
| Gold (GLD) | 3.4% | 29.6% | 0.11 | 18.9% |
| Commodities (DBC) | 45.0% | 20.9% | 1.67 | -16.0% |
| Real Estate (VNQ) | 2.8% | 13.7% | -0.05 | 16.1% |
| Bitcoin (BTCUSD) | -31.7% | 44.2% | -0.73 | 23.3% |
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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% | 0.29 | 32.6% |
| Equity (SPY) | 14.0% | 17.1% | 0.63 | 26.6% |
| Gold (GLD) | 18.2% | 18.9% | 0.78 | 18.9% |
| Commodities (DBC) | 10.3% | 19.6% | 0.40 | -16.0% |
| Real Estate (VNQ) | 1.3% | 18.8% | -0.04 | 16.1% |
| Bitcoin (BTCUSD) | 13.7% | 52.2% | 0.43 | 23.3% |
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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% | 0.51 | 32.6% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 26.6% |
| Gold (GLD) | 11.6% | 16.4% | 0.58 | 18.9% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | -16.0% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | 16.1% |
| Bitcoin (BTCUSD) | 63.6% | 66.2% | 1.03 | 23.3% |
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SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/13/2026 | 10-Q |
| 03/31/2026 | 05/12/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/13/2026 | 10-Q |
| 03/31/2026 | 05/12/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 03/01/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 03/02/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2026 Earnings Reported 8/13/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2028 Cash Runway | Reported | Affirmed | Guidance: 2028 for 2028 | |||||
Prior: Q1 2026 Earnings Reported 5/11/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2028 Cash Runway | Reported | 2028 | ||||||
Insider Activity
Updated 10/6/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wettig, Thane | CEO | Direct | Buy | 5152026 | 7.09 | 2,800 | 19,852 | 192,869 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wettig, Thane | CEO | Direct | Buy | 5152026 | 7.09 | 2,800 | 19,852 | 192,869 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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