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Cytokinetics CYTK License — Revenue

Discontinued — last reported Q4 '23

Other product segments

License And Milestone Revenues
$11.93M
Net Product Revenue
$4.79M
Collaboration Revenues
$2.64M+67.0%

Similar metrics at other companies

Ionis Pharmaceuticals logo
IONSLicense — Revenue
$25M+108%
BridgeBio Pharma logo
BBIOLicense Revenue — Revenue
$75M
Axsome Therapeutics logo
AXSMLicense — Revenue
$0
BridgeBio Pharma logo
BBIOLicense — Revenue
$300K0.0%
BridgeBio Pharma logo
BBIOLicense And Services Revenue — Revenue
$37.44M+1,627%
Neurocrine Biosciences logo
NBIXLicense — Revenue
$15M

Other financials

Income statement

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Revenue$19.4M+1,126%
Operating income-$183.6M-18.0%
Net income-$206.0M-27.7%
EPS (diluted)-$1.67-22.8%

Balance sheet

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Cash & equivalents$129.8M+76.2%
Total debt$418.2M+75.8%
Total equity-$826.6M-210%
Total assets$1.3B+0.7%

Cash flow

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Operating cash flow-$145.5M-10.5%
CapEx$5.9M+4.7%
Free cash flow-$151.4M-10.3%

Valuation

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Market cap$10.7B+70.6%
Enterprise value$10.98B+70.7%
P/S101.1×-225×

Profitability

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Operating margin-605.1%-268pp
Net margin-784%-337pp
FCF margin-518.8%-223pp

Returns & leverage

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Return on equity-337.6%
Debt / equity2.2×
Current ratio4.2×-1.8×

Where this comes from

Reported directly by Cytokinetics in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Cytokinetics’s 10-K, filed February 28, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cytokinetics's license — revenue?
Cytokinetics (CYTK) reported license — revenue of $0 in Q4 2023.
What is the long-term trend for Cytokinetics's license — revenue?
Over 2 years (2021 to 2023), Cytokinetics's license — revenue has grown at a -100.0% compound annual growth rate (CAGR), from $54.9M to $0.
What does license — revenue mean?
Revenue earned from granting other companies the rights to use or develop the company's proprietary technology or drug candidates.
How do you interpret license — revenue?
An increase indicates successful commercialization of research assets or the achievement of development milestones, while a decrease suggests a lack of new partnership activity or the conclusion of existing licensing agreements.
How does license — revenue compare across companies?
Biotechnology peers often report this as 'License and Collaboration Revenue,' which is typically characterized by lumpy, non-recurring cash flows tied to specific clinical or regulatory events.