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Other financials

Income statement

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Revenue-
Net income-$31.8M-51.5%
EPS (diluted)-$0.46+93.4%

Balance sheet

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Cash & equivalents$49.5M-40.7%
Total debt$1.8M+90.8%
Total equity$486.7M+33.4%
Total assets$504.5M+33.8%

Cash flow

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Operating cash flow-$23.6M-13.0%
CapEx$73.0K+462%
Free cash flow-$23.7M-13.3%

Valuation

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Market cap$5.94B+1,017%
Enterprise value$5.89B+1,158%

Returns & leverage

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Return on equity-27.3%-11.1pp
Debt / equity0.0×
Current ratio23.8×-6.3×

Where this comes from

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

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Oruka Therapeutics, Inc.’s 10-Q, filed May 13, 2026.

Filed
May 13, 2026, 4:01 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001213900-26-055769
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Research and development(1)$29,145$19,925
General and administrative(2)7,2895,161
Total operating expenses36,43425,086
Loss from operations(36,434)(25,086)
Other income (expense):
Interest income4,6064,092
Other income (expense), net8(5)
Total other income, net4,6144,087

Item 1. Financial Statements (Unaudited)

FAQ

What is Oruka Therapeutics, Inc.'s operating income?
Oruka Therapeutics, Inc. (ORKA) reported operating income of -$36.43M in Q1 2026.
How has Oruka Therapeutics, Inc.'s operating income changed year-over-year?
Oruka Therapeutics, Inc.'s operating income decreased by 45.2% year-over-year, from -$25.09M to -$36.43M.
What is the long-term trend for Oruka Therapeutics, Inc.'s operating income?
Over 4 years (2021 to 2025), Oruka Therapeutics, Inc.'s operating income has grown at a 58.5% compound annual growth rate (CAGR), from -$19.34M to -$122.05M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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