Cytokinetics Inc. (CYTK) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CYTK SEC filings page.
Cytokinetics Inc. (CYTK) reported $67.7M in revenue over the twelve months to Jun 30, 2026, down 21.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cytokinetics is expanding revenue, but rising research costs and financing needs still outweigh the business's current cash-generating capacity.
FY2025 revenue reached$88.0M while operating cash flow was-$510.0M ; compared with FY2024, sales recovered but cash conversion did not. A net loss of$785.0M alongside free cash flow of-$534.8M indicates that reported losses broadly tracked cash consumption rather than being mainly non-cash accounting effects.
R&D spending reached
Financing cash flow was
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cytokinetics Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cytokinetics Inc. held $1.2B in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $510.0M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Cytokinetics Inc. scores 54/100 among other emerging companies.
Cytokinetics Inc. had 123M shares outstanding at the end of fiscal year 2025, against 118M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Cytokinetics Inc. scores 49/100 among other emerging companies.
Cytokinetics Inc. spent $416.0M on research and development in fiscal year 2025, which was 59.4% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Cytokinetics Inc. scores 83/100 among other emerging companies.
Cytokinetics Inc. reported revenue of $88.0M in fiscal year 2025, against $18.5M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Cytokinetics Inc. scores 94/100 among other emerging companies.
Cytokinetics Inc.'s operations used $510.0M of cash in fiscal year 2025, against $395.9M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Cytokinetics Inc. scores 35/100 among other emerging companies.
Cytokinetics Inc.'s cash, cash equivalents and investments came to $1.2B at the end of fiscal year 2025, against $2.1B of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Cytokinetics Inc. scores 46/100 among other emerging companies.
Cytokinetics Inc. scores -1.56, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($9.1B) relative to total liabilities ($2.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Cytokinetics Inc. passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Cytokinetics Inc. reported a net loss of $785.0M while operations used $510.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Cytokinetics Inc. reported an operating loss of $612.3M against $45.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Cytokinetics Inc. generated $28.6M in revenue in Q2 2026. This represents a decrease of 57.1% from the same quarter a year earlier. Against the prior quarter it is up 47.9%.
Cytokinetics Inc.'s EBITDA was -$175.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 60.7% from the same quarter a year earlier. Against the prior quarter it is up 2.6%.
Cytokinetics Inc. reported -$198.8M in net income in Q2 2026. This represents a decrease of 47.9% from the same quarter a year earlier. Against the prior quarter it is up 3.5%.
Cytokinetics Inc. earned -$1.50 per diluted share (EPS) in Q2 2026. This represents a decrease of 33.9% from the same quarter a year earlier. Against the prior quarter it is up 10.2%.
Cash & Balance Sheet
Cytokinetics Inc. recorded an outflow of $164.2M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 24.0% from the same quarter a year earlier. Against the prior quarter it is down 8.4%.
Cytokinetics Inc. held $255.3M in cash against $248.2M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2026.
Capital Allocation
Cytokinetics Inc. invested $97.8M in research and development in Q2 2026. This represents a decrease of 11.2% from the same quarter a year earlier. Against the prior quarter it is up 2.4%.
Cytokinetics Inc. invested $4.3M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 4.6% from the same quarter a year earlier. Against the prior quarter it is down 26.9%.
Not reported for Q2 2026.
CYTK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $28.6M-57.1% | $19.4M+1125.8% | $17.8M+4.9% | $1.9M+318.1% | $66.8M+26714.9% | $1.6M+89.1% | $16.9M+912.4% | $463K+22.5% |
| R&D Expenses | $97.8M-11.2% | $95.5M-2.8% | $108.4M+15.8% | $99.2M+17.3% | $110.1M+38.4% | $98.3M+20.5% | $93.6M+10.2% | $84.6M+2.5% |
| SG&A Expenses | $104.4M+58.8% | $104.9M+82.8% | $91.7M+47.1% | $69.5M+22.6% | $65.7M+29.3% | $57.4M+26.1% | $62.3M+41.3% | $56.7M+41.2% |
| Operating Income | -$179.2M-60.7% | -$183.6M-18.0% | -$178.4M-28.3% | -$166.8M-18.4% | -$111.5M+14.3% | -$155.6M-23.3% | -$139.0M-9.1% | -$140.8M-15.2% |
| EBITDA | -$175.5M-60.7% | -$180.2M-17.5% | -$175.5M-28.4% | -$164.1M-18.6% | -$109.2M+14.5% | -$153.3M-23.7% | -$136.7M-12.9% | -$138.4M-14.9% |
| Interest Expense | N/A | N/A | N/A | $11.4M+27.2% | $11.1M-12.9% | N/A | $8.9M+24.8% | $8.9M+25.1% |
| Net Income | -$198.8M-47.9% | -$206.0M-27.7% | -$183.0M-22.0% | -$306.2M-90.7% | -$134.4M+6.2% | -$161.4M-19.0% | -$150.0M-9.6% | -$160.5M-24.0% |
| EPS (Basic) | -$1.50-33.9% | -$1.67-22.8% | -$1.50-19.0% | -$2.55-87.5% | -$1.12+14.5% | -$1.36-2.3% | -$1.26+8.7% | -$1.36-0.7% |
| EPS (Diluted) | -$1.50-33.9% | -$1.67-22.8% | -$1.50-19.0% | -$2.55-87.5% | -$1.12+14.5% | -$1.36-2.3% | -$1.26+8.7% | -$1.36-0.7% |
| Diluted Shares (Avg) | 132,086+10.6% | 123,273+4.0% | N/A | 119,982+2.0% | 119,457+9.4% | 118,496+16.3% | N/A | 117,685+22.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Income Tax.
CYTK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B+57.0% | $1.3B+0.7% | $1.4B+1.6% | $1.4B0.0% | $1.2B-19.6% | $1.3B+56.4% | $1.4B+70.0% | $1.4B+93.9% |
| Current Assets | $1.2B+36.3% | $839.5M-12.2% | $917.0M-17.2% | $977.3M-4.0% | $886.5M-17.0% | $956.1M+49.7% | $1.1B+76.4% | $1.0B+81.4% |
| Cash & Equivalents | $255.3M+240.6% | $129.8M+76.2% | $122.5M+29.2% | $225.5M+380.9% | $74.9M-60.6% | $73.7M-38.6% | $94.9M-16.1% | $46.9M-53.0% |
| Short-Term Investments | $910.4M+16.2% | $688.7M-20.3% | $759.7M-22.6% | $737.1M-23.6% | $783.2M-9.6% | $864.5M+73.3% | $981.2M+95.5% | $964.8M+119.5% |
| Inventory | $380K | $154K | $0 | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $24.4M+190.5% | $6.8M+239.3% | $17.8M+6.7% | $1.8M+641.0% | $8.4M | $2.0M+141.2% | $16.6M+1197.7% | $244K-90.2% |
| Long-Term Investments | $538.3M+202.1% | $254.7M+69.0% | $335.0M+131.0% | $288.8M+7.3% | $178.2M-41.6% | $150.7M+880.0% | $145.1M+257.9% | $269.2M+1640.2% |
| Total Liabilities | $2.1B+31.6% | $2.1B+37.2% | $2.1B+35.6% | $2.0B+35.0% | $1.6B+12.7% | $1.5B+27.1% | $1.5B+27.0% | $1.4B+22.9% |
| Current Liabilities | $181.4M+38.4% | $199.2M+24.7% | $202.5M+12.7% | $142.1M+29.4% | $131.1M+27.5% | $159.7M+79.8% | $179.7M+75.0% | $109.8M+41.3% |
| Non-Current Liabilities | $1.9B+31.0% | $1.9B+38.7% | $1.9B+38.6% | $1.8B+35.5% | $1.5B+11.5% | $1.4B+22.9% | $1.4B+22.5% | $1.3B+21.6% |
| Long-Term Debt | $248.2M+56.0% | $247.2M+168.6% | $246.4M+164.3% | $158.7M+70.7% | $159.1M+71.3% | $92.0M+62.0% | $93.2M+59.7% | $93.0M+52.8% |
| Total Equity | -$173.5M+52.9% | -$826.6M-210.3% | -$659.6M-387.3% | -$521.1M-3646.1% | -$368.7M-439.7% | -$266.4M+32.8% | -$135.4M+65.0% | -$13.9M+96.8% |
| Retained Earnings | -$3.9B-29.8% | -$3.7B-29.0% | -$3.5B-29.1% | -$3.3B-29.5% | -$3.0B-25.4% | -$2.9B-27.4% | -$2.7B-27.9% | -$2.6B-29.2% |
Not reported in any period shown, so not listed: Goodwill.
CYTK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$159.8M-24.6% | -$145.5M-10.5% | -$142.7M-117.6% | -$107.5M-5.9% | -$128.2M-29.1% | -$131.6M-1.6% | -$65.6M+11.4% | -$101.5M-5.5% |
| Depreciation & Amortization | $3.6M+58.9% | $3.4M+46.9% | $2.9M+20.1% | $2.7M+11.1% | $2.3M-5.0% | $2.3M-1.3% | $2.4M-62.4% | $2.4M+30.0% |
| Stock-Based Compensation | $35.7M+29.7% | $30.4M+29.1% | N/A | $30.7M+21.1% | $27.5M+11.8% | $23.5M+9.0% | N/A | $25.4M+35.5% |
| Capital Expenditures | $4.3M+4.6% | $5.9M+4.7% | $5.6M+337.5% | $9.4M+1234.4% | $4.1M+116.4% | $5.7M | $1.3M+1575.3% | $701K+218.6% |
| Free Cash Flow | -$164.2M-24.0% | -$151.4M-10.3% | -$148.3M-121.8% | -$116.9M-14.3% | -$132.4M-30.8% | -$137.3M-6.0% | -$66.9M+9.8% | -$102.2M-6.0% |
| Investing Cash Flow | -$507.0M-1058.8% | $145.5M+37.3% | -$71.2M-164.2% | -$71.0M-57.5% | $52.9M+108.1% | $106.0M+224.6% | $110.9M+236.2% | -$45.1M-161.7% |
| Financing Cash Flow | $792.9M+909.6% | $7.8M+63.4% | $110.7M+4543.7% | $330.5M+9548.6% | $78.5M-90.4% | $4.8M-95.4% | $2.4M-98.6% | $3.4M-93.7% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
CYTK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -626.0% | -948.7% | -1004.6% | -8613.4% | -167.0% | -9856.3% | -821.4% | -30410.6% |
| Net Margin | -694.4% | -1064.5% | -1030.9% | -15815.0% | -201.3% | -10220.1% | -886.3% | -34675.0% |
| Return on Assets | -10.3%+0.6pp | -16.2%-3.4pp | -12.8%-2.2pp | -21.3%-10.1pp | -11.0%-1.6pp | -12.8%+4.0pp | -10.7%+5.9pp | -11.2%+6.3pp |
| Current Ratio | 6.66-0.1x | 4.21-1.8x | 4.53-1.6x | 6.88-2.4x | 6.76-3.6x | 5.99-1.2x | 6.170.0x | 9.28+2.1x |
| Asset Turnover | 0.010.0x | 0.020.0x | 0.010.0x | 0.000.0x | 0.05+0.1x | 0.000.0x | 0.010.0x | 0.000.0x |
| FCF Margin | -573.5% | -782.2% | -835.2% | -6036.1% | -198.3% | -8694.2% | -395.0% | -22073.7% |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$659.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Cytokinetics Inc. CYTK | FY2025 | $88.0M | -$785.0M | N/A | $9.1B | 60/100 |
| Axsome Therapeutics, Inc AXSM | FY2025 | $638.5M | -$183.2M | -28.7% | $9.4B | 37/100 |
| Legend Biotech Corporation LEGN | FY2025 | $1.0B | -$296.8M | -28.8% | $3.6B | 41/100 |
| Rhythm Pharmaceuticals, Inc. RYTM | FY2025 | $189.8M | -$197K | -0.1% | $6.4B | 65/100 |
| Nuvalent, Inc. NUVL | FY2025 | N/A | -$425.4M | N/A | $9.8B | — |
Where Cytokinetics Inc. Ranks
Frequently Asked Questions
What is Cytokinetics Inc.'s annual revenue?
Cytokinetics Inc. (CYTK) reported $88.0M in total revenue for fiscal year 2025. This represents a 376.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cytokinetics Inc.'s revenue growing?
Cytokinetics Inc. (CYTK) revenue grew by 376.6% year-over-year, from $18.5M to $88.0M in fiscal year 2025.
Is Cytokinetics Inc. profitable?
No, Cytokinetics Inc. (CYTK) reported a net income of -$785.0M in fiscal year 2025.
What is Cytokinetics Inc.'s EBITDA?
Cytokinetics Inc. (CYTK) had EBITDA of -$602.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Cytokinetics Inc. have?
As of fiscal year 2025, Cytokinetics Inc. (CYTK) had $122.5M in cash and equivalents against $246.4M in long-term debt.
What is Cytokinetics Inc.'s free cash flow?
Cytokinetics Inc. (CYTK) recorded an outflow of $534.8M in free cash flow during fiscal year 2025. This represents a -33.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cytokinetics Inc.'s operating cash flow?
Cytokinetics Inc. (CYTK) recorded an outflow of $510.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Cytokinetics Inc.'s total assets?
Cytokinetics Inc. (CYTK) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cytokinetics Inc.'s capital expenditures?
Cytokinetics Inc. (CYTK) invested $24.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Cytokinetics Inc. spend on research and development?
Cytokinetics Inc. (CYTK) invested $416.0M in research and development during fiscal year 2025.
What is Cytokinetics Inc.'s current ratio?
Cytokinetics Inc. (CYTK) had a current ratio of 4.53 as of fiscal year 2025, which is generally considered healthy.
What is Cytokinetics Inc.'s return on assets (ROA)?
Cytokinetics Inc. (CYTK) had a return on assets of -55.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cytokinetics Inc.'s P/E ratio?
Cytokinetics Inc. (CYTK) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $9.1B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Cytokinetics Inc.'s price-to-sales ratio?
Cytokinetics Inc. (CYTK) trades at 135x sales, its market capitalization divided by revenue of $67.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $9.1B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Cytokinetics Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Cytokinetics Inc. (CYTK) held $1.2B in cash, cash equivalents and investments, and reported an operating cash outflow of $510.0M over that year. Dividing the one by the other, the reported balance equals about 29 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Cytokinetics Inc.'s debt-to-equity ratio negative or not reported?
Cytokinetics Inc. (CYTK) has negative shareholder equity of -$659.6M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Cytokinetics Inc.'s Altman Z-Score?
Cytokinetics Inc. (CYTK) has an Altman Z-Score of -1.56, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cytokinetics Inc.'s Piotroski F-Score?
Cytokinetics Inc. (CYTK) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cytokinetics Inc.'s earnings high quality?
Cytokinetics Inc. (CYTK) reported a net loss of $785.0M while operations used $510.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cytokinetics Inc. cover its interest payments?
Cytokinetics Inc. (CYTK) reported an operating loss of $612.3M against $45.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cytokinetics Inc.?
Cytokinetics Inc. (CYTK) scores 60 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.