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Cytokinetics CYTK Commercial Milestone — Maximum Milestone Additional Amount Receivable

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Other financials

Income statement

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Revenue$28.6M-57.1%
Operating income-$179.2M-60.7%
Net income-$198.8M-47.9%
EPS (diluted)-$1.50-33.9%

Balance sheet

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Cash & equivalents$255.3M+241%
Total debt$399.0M+31.2%
Total equity-$173.5M+52.9%
Total assets$1.9B+57.0%

Cash flow

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Operating cash flow-$159.8M-24.6%
CapEx$4.3M+4.6%
Free cash flow-$164.2M-24.0%

Valuation

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Market cap$10.71B+155%
Enterprise value$10.85B+145%
P/S158.2×+109×

Profitability

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Operating margin-1,046.1%+1,858pp
Net margin-1,321.1%+8,702pp
FCF margin-858.2%+1,799pp

Returns & leverage

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Return on equity-337.6%
Debt / equity2.2×
Current ratio6.7×-0.1×

Where this comes from

Reported directly by Cytokinetics in its filing.

Tagged under the XBRL concept cytk:MaximumMilestoneAdditionalAmountReceivable.

The source filing: Cytokinetics’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:30 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-338217

The Company earned €10.0 million in the first quarter of 2026 and remains eligible to receive up to an additional €70.0 million upon achievement of development and commercial milestones. The Company is also eligible to receive up to an additional €490.0 million in commercial milestone payments upon the achievement of certain sales milestones, and tiered royalties on net sales of aficamten in Japan.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Cytokinetics's commercial milestone — maximum milestone additional amount receivable?
Cytokinetics (CYTK) reported commercial milestone — maximum milestone additional amount receivable of $490M in Q2 2026.
What does commercial milestone — maximum milestone additional amount receivable mean?
This metric represents the total potential future cash inflows contingent upon the successful achievement of specific commercial performance targets or regulatory milestones for a licensed product or therapeutic asset. It quantifies the maximum remaining contractual payments the company is entitled to receive from partners or collaborators upon reaching defined market penetration or sales thresholds. This figure serves as a key indicator of the long-term value realization potential embedded within the company's existing licensing and collaboration agreements.

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