Kyntra BIO, Inc. is a US-listed company in the biotechnology industry. Its financial year ends in December.
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Kyntra BIO, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Kyntra BIO has little or no product revenue yet; it used $38m of cash in the twelve months to June 2026. It passes 2 of our 3 financial-health checks.
Our model value for Kyntra BIO is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Kyntra BIO, Inc.'s trailing-twelve-month revenue fell 37.1% year on year, with a free-cash-flow margin of -824.4%.
Current signal Net margin expanding: TTM net margin reached 3967.8%, up 3995.9pp year over year.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
| At fiscal year end | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Now |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share price | $761.75 | $535.00 | $1185.00 | $1157.00 | $1072.25 | $927.25 | $352.50 | $400.50 | $22.15 | $13.25 | $8.78 | $4.46 |
| Market value | $1.8bn | $1.3bn | $3.5bn | $3.9bn | $3.7bn | $3.3bn | $1.3bn | $1.5bn | $86m | $53m | $35m | $18m |
| + Net debt (− = net cash) | −$153m | −$174m | −$674m | −$89m | −$126m | −$678m | −$171m | −$156m | −$10m | $23m | −$48m | −$51m |
| Enterprise value | $1.7bn | $1.2bn | $2.8bn | $3.8bn | $3.6bn | $2.7bn | $1.1bn | $1.3bn | $77m | $76m | −$12m | −$33m |
| Multiples | ||||||||||||
| Price / sales | 10.2x | 7.3x | 26.4x | 18.3x | 14.5x | 18.9x | 5.5x | 10.7x | 1.8x | 1.8x | 5.5x | 3.9x |
| Price / earnings | — | — | — | — | — | — | — | — | — | — | 0.2x | 0.1x |
| Price / free cash flow | — | n/m | — | — | — | 42.9x | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — |
Weak moat
How hard Kyntra BIO's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Cash operating profit has been a median -25.3% of total assets over 6 years.
Operating margin has been a median -110.7%; its worst year was -1113.6%.
Free cash flow was positive in 2 of 10 years, at a median -52.6% of revenue.
The diluted share count rose 16.7% over five years; stock-based pay has been a median 36.7% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (16 before it).
Next results: November 9, 2026, after the close. Analysts expect revenue of $2m and EPS of −$3.33 (range −$3.75 to −$2.92) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$12.41 | −127% | $6m | −0% |
| Next | −$14.23 | −15% | $7m | +14% |
The consensus EPS forecast for the current fiscal year is −10.7% on 90 days ago. In the last 30 days, 0 analysts raised Kyntra BIO, Inc.'s forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | −$13.89 | −$9.73 |
| 60 days ago | −$13.89 | −$9.73 |
| 30 days ago | −$13.75 | −$11.44 |
| 7 days ago | −$13.75 | −$14.23 |
| Now | −$12.41 | −$14.23 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | −$3.18 | −$4.69 | −47.2% |
| Mar 2026 | −$3.35 | −$3.76 | −12.1% |
| Dec 2025 | −$3.88 | −$3.51 | +9.6% |
| Sept 2025 | −$4.00 | $49.61 | +1338.7% |
Adjusted EPS as companies report it, against the average analyst estimate.
Last 12 months −59.9%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $7m | $5m | −37.1% |
| P/S multiple | 6.1x | 3.9x | −35.8% |
| Share count | 4m | 4m | −0.6% |
Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.
Last 3 years −72.4%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $131m | $5m | −96.5% |
| P/S multiple | 0.5x | 3.9x | +730.0% |
| Share count | 4m | 4m | −6.0% |
Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| KYNB | −62% | +14% | −95% | −40% | −34% | −49% |
| Industry peers (median) | −35% | −57% | −17% | −28% | −5% | −26% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| KYNB | 50% | 58% | 33% | 50% | 33% | 27% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| KYNB | −82% | −53% | −99% | −89% | −73% | −54% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 100% from July 6, 2018 to November 2, 2026. Getting back needed a 37596% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 13, 2026 | −0.7% | +0.5% | +3.1% | +13.1% |
| May 11, 2026 | +4.0% | +0.1% | −1.7% | −3.7% |
| March 16, 2026 | +5.7% | +1.3% | +1.3% | +2.2% |
| November 10, 2025 | −9.9% | +1.8% | −21.1% | −20.0% |
| August 11, 2025 | +6.2% | +0.9% | +29.7% | +32.1% |
| May 12, 2025 | −2.9% | +4.0% | +1.9% | +0.3% |
| March 17, 2025 | −20.7% | −0.3% | −15.9% | −32.6% |
| February 20, 2025 | +25.6% | −2.1% | −28.3% | −44.0% |
| November 12, 2024 | −2.1% | −0.3% | +3.2% | +0.9% |
| August 6, 2024 | +1.1% | +0.2% | −14.3% | −6.6% |
| May 6, 2024 | +20.2% | +1.1% | +6.1% | +6.1% |
| February 26, 2024 | +16.5% | −0.2% | +8.8% | +34.1% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $155M |
| FY23 Q4 | $46.8M |
| FY24 Q1 | $36M |
| FY24 Q2 | -$7.3M |
| FY24 Q3 | -$47.3M |
| FY24 Q4 | $29.6M |
| FY25 Q1 | $7M |
| FY25 Q2 | $7.3M |
| FY25 Q3 | $8.3M |
| FY25 Q4 | $6.4M |
| FY26 Q1 | $7.4M |
| FY26 Q2 | $4.6M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY22 Q3 | -56.7% |
| FY22 Q4 | -40.2% |
| FY23 Q1 | -55.0% |
| FY23 Q2 | -50.4% |
| FY23 Q3 | 26.1% |
| FY23 Q4 | -66.7% |
| FY24 Q1 | -69.0% |
| FY24 Q4 | -36.7% |
| FY25 Q1 | -80.6% |
| FY25 Q4 | -78.3% |
| FY26 Q1 | 6.3% |
| FY26 Q2 | -37.1% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q3 | -189.6% |
| FY23 Q4 | -689.5% |
| FY24 Q1 | -821.6% |
| FY24 Q2 | 3474.7% |
| FY24 Q3 | 503.7% |
| FY24 Q4 | -507.8% |
| FY25 Q1 | -1660.5% |
| FY25 Q2 | -1113.6% |
| FY25 Q3 | -476.2% |
| FY25 Q4 | -712.7% |
| FY26 Q1 | -602.1% |
| FY26 Q2 | -1089.8% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q3 | -227.0% |
| FY23 Q4 | -678.5% |
| FY24 Q1 | -762.9% |
| FY24 Q2 | 2775.0% |
| FY24 Q3 | 266.7% |
| FY24 Q4 | -466.8% |
| FY25 Q1 | -1090.0% |
| FY25 Q2 | -322.6% |
| FY25 Q3 | -206.0% |
| FY25 Q4 | -74.7% |
| FY26 Q1 | -287.7% |
| FY26 Q2 | -824.4% |
| Fiscal year | 2013 Dec 2013 | 2014 Dec 2014 | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||||||
| Revenue | 102 | 138 | 181 | 183 | 131 | 213 | 257 | 176 | 235 | 141 | 47 | 30 | 6 | 5 |
| Gross profit | — | — | — | — | — | — | 255 | 167 | 222 | 120 | 43 | 14 | 6 | 0 |
| EBITDA | −3 | −46 | −72 | −44 | −111 | −80 | −78 | −180 | −278 | −291 | −313 | −148 | −45 | −50 |
| Operating income | −8 | −50 | −78 | −50 | −117 | −87 | −89 | −192 | −289 | −301 | −323 | −150 | −46 | −50 |
| Net income | −15 | −60 | −86 | −58 | −121 | −86 | −77 | −189 | −290 | −294 | −284 | −48 | 183 | 183 |
| Diluted EPS | −$28.25 | −$79.25 | −$1.42 | −$0.93 | −$1.66 | −$1.03 | −$0.89 | −$2.11 | −$3.14 | −$3.14 | −$2.92 | −$11.89 | $45.37 | $45.27 |
| Growth (year on year) | ||||||||||||||
| Revenue | — | +34.7% | +31.4% | +1.3% | −28.5% | +62.6% | +20.5% | −31.3% | +33.5% | −40.2% | −66.7% | −36.7% | −78.3% | −37.1% |
| Margins | ||||||||||||||
| Gross margin | — | — | — | — | — | — | 99.6% | 95.0% | 94.5% | 85.6% | 91.5% | 47.5% | 91.4% | 6.3% |
| EBITDA margin | −2.8% | −33.2% | −39.8% | −24.0% | −84.9% | −37.6% | −30.5% | −102.2% | −118.3% | −206.8% | −669.2% | −498.8% | −701.6% | <−999% |
| Operating margin | −7.8% | −36.4% | −42.9% | −27.3% | −89.5% | −40.7% | −34.8% | −108.8% | −122.6% | −213.9% | −689.5% | −507.8% | −712.7% | <−999% |
| Net margin | −14.6% | −43.2% | −47.4% | −31.7% | −92.3% | −40.6% | −30.0% | −107.4% | −123.3% | −208.7% | −607.3% | −160.6% | >999% | >999% |
| Free-cash-flow margin | 18.7% | 10.4% | −11.4% | 3.2% | −57.3% | −39.5% | −32.9% | 44.0% | −37.2% | −106.4% | −678.5% | −466.8% | −74.7% | −824.4% |
| Cash flow | ||||||||||||||
| Cash from operations | 26 | 22 | −19 | 7 | −67 | −76 | −79 | 82 | −82 | −146 | −315 | −138 | −5 | −38 |
| Capital spending | 7 | 8 | 2 | 1 | 9 | 8 | 6 | 4 | 5 | 4 | 3 | 0 | 0 | 0 |
| Free cash flow | 19 | 14 | −21 | 6 | −75 | −84 | −84 | 78 | −87 | −150 | −318 | −138 | −5 | −38 |
| Stock-based pay | 3 | 19 | 28 | 32 | 38 | 52 | 66 | 73 | 71 | 66 | 51 | 25 | 7 | 4 |
| Free cash flow after stock pay | 16 | −4 | −48 | −26 | −113 | −136 | −151 | 5 | −159 | −215 | −368 | −163 | −11 | −42 |
| Balance sheet | ||||||||||||||
| Cash | 76 | 165 | 153 | 174 | 674 | 89 | 126 | 678 | 171 | 156 | 82 | 50 | 48 | 51 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 72 | 73 | 0 | 0 |
| Net debt (negative = net cash) | −76 | −165 | −153 | −174 | −674 | −89 | −126 | −678 | −171 | −156 | −10 | 23 | −48 | −51 |
| Diluted shares | — | — | 2m | 3m | 3m | 3m | 3m | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 0 | 3 | 3 | 1 | 1 | 1 | 4 | −1 |
| Gross profit | 0 | 9 | 2 | 1 | 1 | 1 | −0 | −1 |
| EBITDA | −47 | −7 | −15 | −12 | −5 | −14 | −14 | −18 |
| Operating income | −48 | −7 | −15 | −12 | −5 | −14 | −14 | −18 |
| Net income | −17 | 18 | 5 | −8 | 201 | −14 | −15 | 12 |
| Diluted EPS | −$4.25 | $4.54 | $1.15 | −$1.88 | $49.61 | −$3.53 | −$3.76 | $2.96 |
| Growth (year on year) | ||||||||
| Revenue | −99.7% | — | −89.2% | +35.1% | +774.8% | −59.3% | +36.5% | −209.3% |
| Net income | — | — | — | — | — | −179.1% | −427.6% | — |
| Diluted EPS | — | — | — | — | — | −177.8% | −427.0% | — |
| Margins | ||||||||
| Gross margin | — | — | 90.8% | 93.7% | — | 78.2% | −9.8% | — |
| EBITDA margin | <−999% | −216.6% | −533.1% | −878.3% | −485.9% | <−999% | −369.7% | >999% |
| Operating margin | <−999% | −227.5% | −544.7% | −894.1% | −502.9% | <−999% | −369.7% | >999% |
| Net margin | <−999% | 573.6% | 169.4% | −564.0% | >999% | <−999% | −406.6% | −812.3% |
| Free-cash-flow margin | <−999% | −976.3% | 98.7% | 939.8% | −172.5% | <−999% | −371.5% | 270.8% |
| Cash flow | ||||||||
| Cash from operations | −8 | −30 | 3 | 13 | −2 | −18 | −14 | −4 |
| Capital spending | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | −8 | −31 | 3 | 13 | −2 | −18 | −14 | −4 |
| Stock-based pay | 8 | 0 | 3 | 2 | 1 | 1 | 1 | 1 |
| Free cash flow after stock pay | −16 | −31 | −0 | 11 | −3 | −20 | −15 | −5 |
| Last 12 months unless stated | KYNB | OCGN | TRDA | BOLT | ENSC | RANI | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $5m | $5m | $5m | $5m | $5m | $5m | $55m |
| Revenue growth, last 12 months | −37.1% | −3.7% | −94.1% | 12.8% | −39.3% | 306.4% | 12.2% |
| Revenue growth, 3-year average | −67.2% | 26.3% | — | −11.5% | 14.6% | — | 13.1% |
| Revenue growth, latest quarter | 36.5% | 8.4% | −53.9% | −99.7% | −15.1% | 893.0% | 10.2% |
| Operating margin | <−999% | <−999% | <−999% | −654.5% | −281.3% | −675.8% | −191.1% |
| Operating margin, 3-year average | 423.8% | <−999% | <−999% | −887.4% | −347.6% | <−999% | −361.6% |
| Net margin | >999% | <−999% | <−999% | −611.5% | −280.5% | −618.0% | −163.5% |
| Cash from operations / revenue | −824.2% | <−999% | <−999% | −669.2% | −196.8% | −416.1% | −168.8% |
| Free-cash-flow margin | −824.4% | <−999% | <−999% | −669.2% | −197.2% | −417.0% | −168.1% |
| Free-cash-flow margin, 3-year average | 542.7% | <−999% | <−999% | −825.2% | −165.8% | <−999% | −306.5% |
| Stock pay / revenue | 86.3% | 201.1% | 413.3% | 54.1% | 1.8% | 186.4% | 20.7% |
| Change in share count | 3.4% | 14.1% | −0.6% | 1.0% | 74.6% | — | 8.1% |
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Drug Product Revenue | $5.8M | 90.8% | ▼ 78.9% |
| Development and Other Revenue | $592,000 | 9.2% | ▼ 69.6% |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| Europe | $5.6M | 87.6% | ▼ 10.0% |
| Japan | $797,000 | 12.4% | — |
| United States | $0 | 0.0% | ▼ 100.0% |
| China | $0 | 0.0% | ▼ 100.0% |
From Kyntra BIO, Inc.'s 10-K filed March 16, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Armistice Capital, LLC | $3M | 400K | 40.0% | 0.0% |
| Vanguard Capital Management LLC | $1.2M | 160K | 16.0% | ▲ 2.1% |
| Acadian Asset Management LLC | $795,000 | 106K | 10.5% | 0.0% |
| Blackrock, Inc. | $636,692 | 84K | 8.4% | 0.0% |
| Geode Capital Management, LLC | $326,385 | 43K | 4.3% | ▼ 6.0% |
| Hightower Advisors, LLC | $300,082 | 40K | 4.0% | 0.0% |
| Two Sigma Investments, LP | $298,308 | 40K | 4.0% | ▼ 20.2% |
| Renaissance Technologies LLC | $204,462 | 27K | 2.7% | ▼ 1.5% |
| Vanguard Fiduciary Trust Co | $181,993 | 24K | 2.4% | ▲ 0.7% |
| Birchview Capital, LP | $170,373 | 23K | 2.3% | 0.0% |
| State Street Corp | $153,144 | 20K | 2.0% | 0.0% |
| Gsa Capital Partners LLP | $119,000 | 16K | 1.6% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Kyntra BIO, Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Wettig Thane CEO | May 14, 2026 | Buy | 2,800 | $7.09 | $19,852 |
| Wettig Thane CEO | May 14, 2026 | Buy | 2,800 | $7.09 | $19,852 |
| Wettig Thane CEO | November 17, 2025 | Buy | 2,700 | $9.10 | $24,570 |
| Wettig Thane CEO | November 13, 2025 | Buy | 1,000 | $9.18 | $9,180 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around November 9, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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