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Oruka Therapeutics, Inc. ORKA Conversion Of Series A Nonvoting Convertible Preferred Stock To Common Stock

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Other financials

Income statement

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Revenue-
Operating income-$36.4M-45.2%
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 orka:ConversionOfSeriesANonvotingConvertiblePreferredStockToCommonStock.

The source filing: Oruka Therapeutics, Inc.’s 10-K, filed March 12, 2026.

Filed
Mar 12, 2026, 4:03 PM EDT
Fiscal year
FY2025
Accession
0001213900-26-026929
Line itemSeries A Convertible Preferred Stock / SharesSeries A Convertible Preferred Stock / AmountSeries A Non-Voting Convertible Preferred Stock / SharesSeries A Non-Voting Convertible Preferred Stock / AmountSeries B Non-Voting Convertible Preferred Stock / SharesSeries B Non-Voting Convertible Preferred Stock / AmountCommon Stock / SharesCommon Stock / AmountAdditional Paid-In / CapitalAccumulated Other Comprehensive / Income (Loss)Accumulated / DeficitTotal Stockholders’ / Equity
Issuance of common stock to former stockholders of ARCA biopharma, Inc. in connection with the closing of reverse recapitalization1,208,88314,9995,000
Issuance of common stock, Series A non-voting convertible preferred stock, and pre-funded warrants in connection with the 2024 PIPE Financing2,43956,0975,600,0006144,433144,439
Issuance costs of 2024 PIPE Financing(3,263)(8,592)(8,592)
Conversion of Series A non-voting convertible preferred stock to common stock(2,439)(52,834)2,439,000252,83252,834
Issuance of common stock under employee stock purchase plan2,9605353
Reclassification of the Paruka warrant from liability to equity10,35710,357
Stock-based compensation expense4,5624,562
Unrealized losses on marketable securities(41)(41)

Item 8. Financial Statements and Supplementary

FAQ

What is Oruka Therapeutics, Inc.'s conversion of series a nonvoting convertible preferred stock to common stock?
Oruka Therapeutics, Inc. (ORKA) reported conversion of series a nonvoting convertible preferred stock to common stock of $52.83M in Q4 2024.
What does conversion of series a nonvoting convertible preferred stock to common stock mean?
The non-cash value associated with the conversion of preferred equity instruments into common stock. This metric tracks the simplification of the capital structure as preferred shares are retired and replaced by common equity.

Ask your AI about Oruka Therapeutics, Inc.'s conversion of series a nonvoting convertible preferred stock to common stock.

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