Korro Bio, Inc. income statement
In fiscal 2025, Korro Bio, Inc. reported revenue of $6.4m, up 181.5% on the year before, operating income of −$122m (a -1906.4% margin) and net income of −$117m, or −$12.48 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 37 | 14 | 0 | 0 | 2 | 6 | 2 |
| Research and development | 19 | 37 | 61 | 42 | 57 | 64 | 66 | 51 |
| General and administrative | 15 | 27 | 37 | 17 | 27 | 31 | 28 | 27 |
| Operating income | −21 | −28 | −84 | −59 | −85 | −92 | −122 | −110 |
| Interest expense | — | 0 | 1 | 1 | — | — | — | — |
| Net interest income | 2 | — | — | −0 | 0 | — | — | — |
| Income before tax | −19 | −26 | −85 | −58 | −81 | −83 | −117 | −106 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Net income | −19 | −27 | −85 | −58 | −81 | −84 | −117 | −107 |
| Diluted EPS | −$114.50 | −$0.82 | −$123.50 | −$227.42 | −$53.08 | −$9.37 | −$12.48 | −$8.88 |
| Diluted shares (average) | — | — | — | — | 2m | 9m | 9m | 12m |
| EBITDA | −20 | −26 | −81 | −56 | −81 | −88 | −118 | −108 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 2 | 3 | 1 | 1 | 1 | 0 | 0 |
| Research and development | 16 | 17 | 20 | 20 | 14 | 11 | 13 | 14 |
| General and administrative | 7 | 8 | 8 | 7 | 7 | 6 | 7 | 7 |
| Operating income | −23 | −23 | −25 | −27 | −19 | −50 | −20 | −20 |
| Income before tax | −21 | −21 | −23 | −26 | −18 | −49 | −20 | −19 |
| Income tax | −0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Net income | −21 | −21 | −23 | −26 | −18 | −50 | −20 | −19 |
| Diluted EPS | −$2.26 | −$2.26 | −$2.49 | −$2.74 | −$1.92 | −$5.32 | −$1.69 | −$1.07 |
| EBITDA | −22 | −22 | −24 | −26 | −18 | −50 | −20 | −20 |
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