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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 us-gaap:ResearchAndDevelopmentExpense.

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
Operating expenses:
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)

Item 1. Financial Statements (Unaudited)

FAQ

What is Oruka Therapeutics, Inc.'s R&D?
Oruka Therapeutics, Inc. (ORKA) reported R&D of $29.15M in Q1 2026.
How has Oruka Therapeutics, Inc.'s R&D changed year-over-year?
Oruka Therapeutics, Inc.'s R&D increased by 46.3% year-over-year, from $19.93M to $29.15M.
What is the long-term trend for Oruka Therapeutics, Inc.'s R&D?
Over 4 years (2021 to 2025), Oruka Therapeutics, Inc.'s R&D has grown at a 64.2% compound annual growth rate (CAGR), from $13.83M to $100.64M.
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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