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Kyverna Therapeutics, Inc.

KYTX

Kyverna Therapeutics is a late-stage clinical biopharmaceutical company dedicated to developing cell therapies for patients with autoimmune diseases.

Market cap
$596.4M+287%
Net income-$156.4M-7.6%
EPS (diluted)-$3.27+3.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 11, 2026 (in a month)
EPS estimate-$0.67

Financials

Q1 2026

Income statement

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Operating income-$41.4M+12.7%
Net income-$39.7M+11.0%
EPS (diluted)-$0.66+35.9%

Balance sheet

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Cash & equivalents$32.2M-43.4%
Total debt$9.2M+32.1%
Total equity$195.6M-12.7%
Total assets$257.0M-1.4%

Cash flow

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Operating cash flow-$41.6M+7.4%

Valuation & ratios

Valuation

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Market cap$596.4M+287%
Enterprise value$573.37M+815%

Returns & leverage

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Return on equity-74.5%+74.4pp
Debt / equity0.0×
Current ratio8.1×+0.7×

Competitors

Profile

Kyverna Therapeutics is a late-stage clinical biopharmaceutical company dedicated to developing cell therapies for patients with autoimmune diseases. The company's core value proposition centers on its lead product candidate, miv-cel, a differentiated anti-CD19 autologous CAR T-cell therapy designed to deeply deplete B cells and achieve durable, treatment-free remission. By leveraging a human CAR construct licensed from the NIH, the company aims to provide a curative paradigm shift over current standard-of-care chronic treatments.

Competitive position

Kyverna is a pioneer in applying CAR T-cell therapy to autoimmune diseases, holding a first-mover advantage with a completed registrational trial in Stiff Person Syndrome.

GeographiesUnited States, Germany, European Union
Customer segmentsSpecialty Healthcare Providers, Autoimmune Disease Patients
Business modelBiopharmaceutical R&D, Licensing and Royalties
SuppliersNational Institutes of Health (NIH) for CAR construct licensing, Contract Development and Manufacturing Organizations (CDMOs), Lentiviral vector suppliers, Specialized cell collection (apheresis) centers
CustomersSpecialized hospitals and clinics, Hematologists and oncologists, Government and private health insurers
Listed2024
Employees100.0
CEOWarner Biddle
FilingsSEC EDGAR

Questions, answered.

What is Kyverna Therapeutics, Inc.'s market cap?
Kyverna Therapeutics, Inc. (KYTX) has a market capitalization of $596.4M and trades on NASDAQ.
Who are Kyverna Therapeutics, Inc.'s competitors?
Kyverna Therapeutics, Inc.'s key competitors include Cabaletta Bio, Inc., Cartesian Therapeutics, Inc., Novartis AG, and others. These companies compete in similar markets and product categories.
Who does Kyverna Therapeutics, Inc. partner with?
Kyverna Therapeutics, Inc.'s notable partners include National Institutes of Health, Intellia Therapeutics, Inc., ElevateBio BaseCamp, Inc., and others.
Where is Kyverna Therapeutics, Inc. headquartered?
Kyverna Therapeutics, Inc. is headquartered in United States of America and employs approximately 100 people. It has been publicly traded since 2024.