Kyverna Therapeutics, Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 12, 2025
KYTX$5.08-1.7%Stored close · as of Nov 10, 2026
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Condensed Statements of Operations and Comprehensive Loss
(in thousands, except share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Operating expenses | ||||
| Research and development | $30,457 | $29,193 | $103,706 | $78,990 |
| General and administrative | 8,270 | 9,577 | 26,839 | 22,573 |
| Total operating expenses | 38,727 | 38,770 | 130,545 | 101,563 |
| Loss from operations | (38,727) | (38,770) | (130,545) | (101,563) |
| Interest income | 2,000 | 4,355 | 7,189 | 11,784 |
| Interest expense | (7) | (32) | (45) | (115) |
| Other expenses, net | (53) | (45) | (102) | (94) |
| Total other income, net | 1,940 | 4,278 | 7,042 | 11,575 |
| Net loss | (36,787) | (34,492) | (123,503) | (89,988) |
| Other comprehensive loss | ||||
| Unrealized gain (loss) on marketable securities, net | 49 | 190 | (76) | 149 |
| Total other comprehensive gain (loss) | 49 | 190 | (76) | 149 |
| Net loss and other comprehensive loss | $(36,738) | $(34,302) | $(123,579) | $(89,839) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.85) | $(0.80) | $(2.85) | $(2.45) |
| Weighted-average shares of common stock outstanding, basic and diluted | 43,415,367 | 43,155,858 | 43,284,111 | 36,702,183 |
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