Krystal Biotech, Inc. income statement
In fiscal 2025, Krystal Biotech, Inc. reported revenue of $389m, up 33.9% on the year before, operating income of $161m (a 41.5% margin) and net income of $205m, or $6.84 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 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 51 | 291 | 389 | 470 |
| Research and development | 28 | 42 | 46 | 54 | 58 | 60 |
| Selling, general and administrative | — | 78 | 98 | 114 | 147 | 156 |
| General and administrative | 40 | — | — | — | — | — |
| Operating income | −68 | −145 | −110 | 66 | 161 | 228 |
| Interest expense | 1 | 0 | 0 | — | — | — |
| Income before tax | −70 | −140 | 13 | 95 | 189 | 259 |
| Income tax | 0 | 0 | 2 | 6 | −15 | 34 |
| Net income | −70 | −140 | 11 | 89 | 205 | 225 |
| Diluted EPS | −$3.13 | −$5.49 | $0.39 | $3.00 | $6.84 | $7.36 |
| Diluted shares (average) | 22m | 25m | 28m | 30m | 30m | 31m |
| EBITDA | −66 | −141 | −105 | 72 | 167 | 234 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91 | 88 | 96 | 98 | 107 | 116 | 119 | 127 |
| Research and development | 14 | 14 | 14 | 15 | 15 | 15 | 15 | 15 |
| Selling, general and administrative | 31 | 33 | 35 | 38 | 41 | 41 | 40 | 34 |
| Operating income | 41 | 36 | 39 | 41 | 44 | 54 | 58 | 71 |
| Income before tax | 49 | 44 | 47 | 48 | 51 | 61 | 66 | 80 |
| Income tax | 3 | 8 | 8 | −31 | −0 | 6 | 11 | 17 |
| Net income | 45 | 36 | 38 | 79 | 51 | 56 | 55 | 63 |
| Diluted EPS | $1.53 | $1.20 | $1.29 | $2.66 | $1.70 | $1.83 | $1.79 | $2.05 |
| EBITDA | 43 | 38 | 41 | 43 | 46 | 55 | 60 | 73 |
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