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R&D at other companies

Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
$2.96B+14.7%
Eli Lilly logo
Eli LillyLLY
$3.82B+14.5%
Merck & Co. logo
Merck & Co.MRK
$12.59B+248%
Lexicon Pharmaceuticals logo
Lexicon PharmaceuticalsLXRX
$17.44M+10.8%
Edgewise Therapeutics, Inc. logo
Edgewise Therapeutics, Inc.EWTX
$42.65M+16.0%
Capricor Therapeutics logo
Capricor TherapeuticsCAPR
$27.38M+44.7%

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 us-gaap:ResearchAndDevelopmentExpense.

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
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
License and milestone revenues64,35311,92964,353
Total revenues28,62466,76947,97968,348
Operating expenses:
Research and development97,807110,138193,332208,400
Selling, general and administrative104,39765,721209,293123,090
Cost of goods sold2,7312,891
Collaboration cost of revenues2,8612,4165,2533,995
Total operating expenses207,796178,275410,769335,485

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Cytokinetics's R&D?
Cytokinetics (CYTK) reported R&D of $97.81M in Q2 2026.
How has Cytokinetics's R&D changed year-over-year?
Cytokinetics's R&D decreased by 11.2% year-over-year, from $110.14M to $97.81M.
What is the long-term trend for Cytokinetics's R&D?
Over 4 years (2021 to 2025), Cytokinetics's R&D has grown at a 26.7% compound annual growth rate (CAGR), from $159.94M to $412.03M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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