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Other financials

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%
CapEx$2.0K-98.0%
Free cash flow-$33.5M+10.8%

Valuation

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Market cap$483.93M+261%
Enterprise value$460.9M+433%

Returns & leverage

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

Where this comes from

Reported directly by Kyverna Therapeutics, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RetainedEarningsAccumulatedDeficit.

The source filing: Kyverna Therapeutics, Inc.’s 10-Q, filed May 12, 2026.

Filed
May 12, 2026, 4:08 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-219397
Line itemMarch 31, 2026December 31, 2025
Stockholders’ equity
Preferred stock, 10,000,000 shares authorized, $0.00001 par value, no shares issued and outstanding at March 31, 2026 and December 31, 2025
Common stock, $0.00001 par value; 490,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 60,532,500 and 60,389,893 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively.11
Additional paid-in capital660,230657,005
Accumulated other comprehensive income/(loss)(96)97
Accumulated deficit(464,555)(424,827)
Total stockholders’ equity195,580232,276
Total liabilities and stockholders’ equity$257,024$293,826

Item 1. Financial Statements (unaudited)

FAQ

What is Kyverna Therapeutics, Inc.'s retained earnings?
Kyverna Therapeutics, Inc. (KYTX) reported retained earnings of -$464.56M in Q1 2026.
How has Kyverna Therapeutics, Inc.'s retained earnings changed year-over-year?
Kyverna Therapeutics, Inc.'s retained earnings decreased by 50.8% year-over-year, from -$308.16M to -$464.56M.
What is the long-term trend for Kyverna Therapeutics, Inc.'s retained earnings?
Over 2 years (2023 to 2025), Kyverna Therapeutics, Inc.'s retained earnings has grown at a 76.7% compound annual growth rate (CAGR), from -$136.04M to -$424.83M.
What does retained earnings mean?
Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

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