NASDAQ : KALV

KalVista Pharmaceuticals, Inc. — Financial statements

Healthcare · Biotechnology · United States

Last price 27 USD (At close: Jun 10, 2026) · Market cap 1.44B

Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports

Financial statements

KalVista Pharmaceuticals, Inc. (KALV) reported revenue of 114.48M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2025FY2024FYNoneFY2023
Revenue114.48M73.62M
Cost of Revenue56.02M54.68M71.71M86.17M80.28M
Gross Profit58.47M18.94M-71.71M-86.17M-80.28M
Selling, General & Admin198.47M185.21M116.29M54.28M30.59M
Operating Expenses198.47M185.21M116.29M54.28M30.59M
Operating Income-140.00M-166.27M-188.00M-140.44M-110.87M
Interest Expense-21.99M-19.34M-5.79M
Interest & Investment Income9.50M8.68M6.43M3.90M2.23M
Currency Exchange Gain (Loss)-2.66M45.00K2.48M138.00K90.00K
Other Non Operating Income (Expenses)13.64M10.99M3.25M8.44M15.78M
EBT Excluding Unusual Items-141.52M-165.89M-181.61M-127.97M-92.77M
Gain (Loss) on Sale of Investments1.57M1.84M1.56M1.32M-139.00K
Asset Writedown-1.78M-1.78M
Pretax Income-141.73M-165.84M-180.05M-126.64M-92.91M
Income Tax Expense-5.80M-1.55M3.39M
Net Income-135.94M-164.29M-183.44M-126.64M-92.91M
Net Income to Common-135.94M-164.29M-183.44M-126.64M-92.91M
Shares Outstanding (Basic)54.25M53.87M49.65M36.79M27.89M
Shares Outstanding (Diluted)54.25M53.87M49.65M36.79M27.89M
EPS (Basic)-2.51-3.05-3.69-3.44-3.33
EPS (Diluted)-2.51-3.05-3.69-3.44-3.33
Free Cash Flow-91.71M-124.99M-153.34M-89.27M-76.46M
Free Cash Flow Per Share-1.69-2.32-3.09-2.43-2.74
Gross Margin51.07%25.73%
Operating Margin-122.30%-225.86%
Profit Margin-118.74%-223.16%
Free Cash Flow Margin-80.11%-169.79%
EBITDA-138.45M-164.82M-187.05M-139.63M-110.15M
EBITDA Margin-120.93%-223.88%
D&A For EBITDA1.56M1.45M941.00K816.00K718.00K
EBIT-140.00M-166.27M-188.00M-140.44M-110.87M
EBIT Margin-122.30%-225.86%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2025FY2024FYNoneFY2023
Cash & Equivalents213.77M229.34M131.62M31.79M56.24M
Short-Term Investments71.26M70.87M89.00M178.61M93.14M
Cash & Short-Term Investments285.03M300.21M220.62M210.40M149.38M
Accounts Receivable9.90M2.59M11.00M
Other Receivables7.43M8.71M4.14M10.87M18.64M
Receivables17.33M11.30M15.14M10.87M18.64M
Inventory4.00M3.43M
Prepaid Expenses7.85M5.20M5.93M4.42M4.31M
Total Current Assets314.20M320.15M241.69M225.69M172.33M
Property, Plant & Equipment12.26M12.86M7.53M9.15M10.77M
Other Long-Term Assets2.45M2.37M1.55M567.00K106.00K
Total Assets328.92M335.38M250.77M235.40M183.20M
Accounts Payable8.04M8.27M4.88M9.11M4.82M
Accrued Expenses25.08M27.06M26.50M12.14M9.13M
Current Portion of Long-Term Debt16.23M13.57M
Current Portion of Leases1.69M1.62M1.98M1.30M1.09M
Current Unearned Revenue833.00K11.00M
Other Current Liabilities8.94M6.84M806.00K253.00K
Total Current Liabilities60.82M57.35M45.17M22.81M15.03M
Long-Term Debt255.98M258.29M105.88M
Long-Term Leases10.41M10.73M4.33M6.01M7.14M
Long-Term Unearned Revenue21.36M11.71M
Total Liabilities348.57M338.09M155.38M28.82M22.18M
Common Stock51.00K51.00K50.00K42.00K34.00K
Additional Paid-In Capital773.59M767.06M753.73M679.75M507.13M
Retained Earnings-786.18M-762.69M-653.17M-469.73M-343.08M
Comprehensive Income & Other-7.12M-7.13M-5.21M-3.49M-3.06M
Shareholders' Equity-19.65M-2.71M95.39M206.58M161.03M
Total Liabilities & Equity328.92M335.38M250.77M235.40M183.20M
Total Debt284.31M284.21M112.19M7.32M8.23M
Net Cash (Debt)718.00K16.01M108.43M203.08M141.14M
Net Cash Per Share0.010.302.185.525.06
Filing Date Shares Outstanding53.24M51.22M49.95M42.74M34.23M
Total Common Shares Outstanding51.24M50.90M49.76M42.52M34.17M
Working Capital253.39M262.79M196.52M202.88M157.29M
Book Value Per Share-0.38-0.051.924.864.71
Tangible Book Value-19.65M-2.71M95.39M206.58M161.03M
Tangible Book Value Per Share-0.38-0.051.924.864.71
Machinery4.51M3.23M2.81M3.05M
Leasehold Improvements3.45M3.09M2.86M2.85M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2025FY2024FYNoneFY2023
Net Income-135.94M-164.29M-183.44M-126.64M-92.91M
Depreciation & Amortization1.56M1.45M941.00K816.00K718.00K
Asset Writedown & Restructuring Costs1.78M1.78M
Loss (Gain) From Sale of Investments-2.58M-2.80M-1.55M-1.23M1.13M
Stock-Based Compensation18.95M17.12M12.29M21.91M9.92M
Other Operating Activities31.07M22.86M3.82M748.00K-1.53M
Change in Accounts Receivable-11.21M-3.89M
Change in Inventory-5.81M-5.14M
Change in Accounts Payable9.26M6.29M-4.97M4.32M1.11M
Change in Unearned Revenue11.68M964.50K10.56M
Change in Other Net Operating Assets-8.08M3.21M9.45M10.85M6.31M
Operating Cash Flow-89.32M-122.43M-152.91M-89.23M-75.26M
Capital Expenditures-2.39M-2.56M-434.00K-42.00K-1.20M
Sale (Purchase) of Intangibles-128.50K-283.50K-495.00K-401.00K
Investment in Securities33.37M30.87M91.95M-84.28M42.61M
Investing Cash Flow30.84M28.03M91.02M-84.72M41.41M
Total Debt Issued208.57M208.57M
Net Debt Issued (Repaid)208.57M208.57M
Issuance of Common Stock2.12M2.88M61.69M97.59M57.03M
Other Financing Activities32.51M32.51M98.04M53.12M1.08M
Financing Cash Flow243.20M243.96M159.73M150.71M58.12M
Foreign Exchange Rate Adjustments-6.67M-2.75M2.64M-1.21M1.24M
Net Cash Flow178.06M146.81M100.48M-24.45M25.51M
Free Cash Flow-91.71M-124.99M-153.34M-89.27M-76.46M
Free Cash Flow Margin-80.11%-169.79%
Free Cash Flow Per Share-1.69-2.32-3.09-2.43-2.74
Levered Free Cash Flow-92.91M-50.27M-52.01M
Unlevered Free Cash Flow-89.29M-50.27M-52.01M
Change in Working Capital-4.16M1.43M15.04M15.17M7.41M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2025FY2024FYNoneFY2023
Market Capitalization1.44B816.32M684.58M478.84M500.35M291.47M
Enterprise Value1.44B789.74M538.08M410.70M432.21M128.26M
Last Close Price27.0016.1513.7711.3511.868.53
PS Ratio12.5611.09
PB Ratio-301.127.182.321.81
P/TBV Ratio7.182.321.81
EV/Sales Ratio12.5510.73
Debt / Equity Ratio-14.47-104.831.180.040.05
Net Debt / Equity Ratio0.045.90-1.14-0.98-0.88
Net Debt / EBITDA Ratio0.010.100.581.451.28
Net Debt / FCF Ratio0.010.130.712.271.85
Quick Ratio4.975.435.229.7011.18
Current Ratio5.175.585.359.9011.46
Return on Equity (ROE)-121.50%-68.90%-53.69%
Return on Assets (ROA)-48.34%-41.94%-35.80%
Return on Capital Employed (ROCE)-52.20%-59.80%-91.40%-66.10%-65.90%
Earnings Yield-9.46%-20.12%-26.80%-26.45%-31.88%
FCF Yield-6.38%-15.31%-22.40%-18.64%-26.23%
Buyback Yield / Dilution-9.26%-8.49%-34.98%-13.96%