Cytokinetics Inc Financials
Cytokinetics Inc (CYTK) reported $88.0M in revenue for fiscal year 2025, up 376.6% from the prior fiscal year. 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).
External financing, not product revenue, is still carrying the business as R&D-heavy spending outruns cash generated by operations.
In FY2025,-$510M of operating cash outflow was almost entirely offset by$524M of financing inflow. With revenue at only$88M , that cash replacement cycle explains how a 4.5x current ratio can coexist with negative equity.
The cost structure is centered on development investment, not current commercial scale: FY2025 R&D reached
The balance sheet combines strong near-term liquidity with weak accumulated capital: current assets of
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 scores -1.07, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($10.8B) 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 $88.0M in revenue in fiscal year 2025. This represents an increase of 376.6% from the prior year.
Cytokinetics Inc's EBITDA was -$602.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14.3% from the prior year.
Cytokinetics Inc reported -$785.0M in net income in fiscal year 2025. This represents a decrease of 33.2% from the prior year.
Cytokinetics Inc earned -$6.54 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 24.3% from the prior year.
Cash & Balance Sheet
Cytokinetics Inc recorded an outflow of $534.8M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 33.8% from the prior year.
Cytokinetics Inc held $122.5M in cash against $246.4M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
Cytokinetics Inc invested $416.0M in research and development in fiscal year 2025. This represents an increase of 22.6% from the prior year.
Cytokinetics Inc invested $24.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 535.1% from the prior year.
Not reported for fiscal year 2025.
CYTK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.7M | $88.0M+376.6% | $18.5M+145.3% | $7.5M-92.0% | $94.6M+34.3% | $70.4M+26.2% | $55.8M+107.8% | $26.9M-14.7% | $31.5M+135.6% | $13.4M-87.4% | $106.4M+271.3% | $28.7M-38.9% | $46.9M+53.2% | $30.6M+305.5% | $7.6M+89.0% | $4.0M |
| R&D Expenses | $401.0M | $416.0M+22.6% | $339.4M+2.8% | $330.1M+37.1% | $240.8M+50.6% | $159.9M+65.0% | $97.0M+12.6% | $86.1M-3.4% | $89.1M-1.3% | $90.3M+50.8% | $59.9M+29.1% | $46.4M+4.4% | $44.4M-10.2% | $49.5M+38.7% | $35.6M-4.1% | $37.2M |
| SG&A Expenses | $370.5M | $284.3M+32.0% | $215.3M+24.0% | $173.6M-2.5% | $178.0M+83.9% | $96.8M+83.3% | $52.8M+33.4% | $39.6M+26.6% | $31.3M-14.2% | $36.5M+31.1% | $27.8M+41.5% | $19.7M+13.9% | $17.3M+14.4% | $15.1M+21.4% | $12.4M-8.5% | $13.6M |
| Operating Income | -$707.9M | -$612.3M-14.2% | -$536.2M-8.1% | -$496.2M-53.1% | -$324.2M-74.0% | -$186.3M-98.3% | -$93.9M+5.0% | -$98.9M-11.2% | -$88.9M+21.6% | -$113.4M-706.8% | $18.7M+150.0% | -$37.4M-153.5% | -$14.8M+56.5% | -$33.9M+16.2% | -$40.5M+15.7% | -$48.0M |
| Interest Expense | N/A | $45.6M+20.9% | $37.7M+33.2% | $28.3M+45.8% | $19.4M+18.1% | $16.4M+3.0% | $16.0M+141.0% | $6.6M+74.4% | $3.8M+25.9% | $3.0M+11.8% | $2.7M+906.7% | $268K | $0 | $0-100.0% | $3K-91.4% | $35K |
| Income Tax | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$894.0M | -$785.0M-33.2% | -$589.5M-12.0% | -$526.2M-35.3% | -$389.0M-80.6% | -$215.3M-69.2% | -$127.3M-4.6% | -$121.7M-14.5% | -$106.3M+16.8% | -$127.8M-876.7% | $16.5M+143.9% | -$37.5M-156.0% | -$14.6M+56.6% | -$33.7M+16.5% | -$40.4M+15.6% | -$47.9M |
| EPS (Diluted) | — | -$6.54-24.3% | -$5.26+3.5% | -$5.45-25.9% | -$4.33-54.6% | -$2.80-42.1% | -$1.97 | N/A | N/A | -$2.59-764.1% | $0.39+140.2% | -$0.97-136.6% | -$0.41 | N/A | N/A | -$0.72 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CYTK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4B+1.6% | $1.4B+70.0% | $824.3M-18.8% | $1.0B+20.6% | $841.3M+57.6% | $533.8M+84.2% | $289.8M+37.2% | $211.2M-28.4% | $294.8M+73.3% | $170.1M+47.6% | $115.2M-13.3% | $133.0M+59.8% | $83.2M+7.3% | $77.6M+47.0% | $52.8M |
| Current Assets | $917.0M-17.2% | $1.1B+76.4% | $628.1M-21.0% | $795.2M+48.4% | $535.7M+13.0% | $474.2M+102.9% | $233.8M+12.6% | $207.7M-24.3% | $274.3M+72.9% | $158.6M+40.3% | $113.1M-13.7% | $131.1M+65.3% | $79.3M+3.8% | $76.4M+49.4% | $51.1M |
| Cash & Equivalents | $122.5M+29.2% | $94.9M-16.1% | $113.0M+72.3% | $65.6M-41.8% | $112.7M+35.8% | $83.0M+127.8% | $36.4M-13.8% | $42.3M-66.3% | $125.2M+87.2% | $66.9M+2.8% | $65.1M+221.9% | $20.2M+0.3% | $20.2M+35.2% | $14.9M-20.8% | $18.8M |
| Inventory | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $17.8M+6.7% | $16.6M+1197.7% | $1.3M+772.8% | $147K-99.7% | $51.8M+1072.4% | $4.4M-14.4% | $5.2M+131.4% | $2.2M+100.6% | $1.1M+4533.3% | $24K | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.1B+35.6% | $1.5B+27.0% | $1.2B+7.8% | $1.1B+87.9% | $597.5M+42.1% | $420.4M+39.8% | $300.8M+62.4% | $185.2M+0.1% | $185.0M+144.1% | $75.8M+62.5% | $46.6M+14.0% | $40.9M+42.3% | $28.7M+285.0% | $7.5M+62.5% | $4.6M |
| Current Liabilities | $202.5M+12.7% | $179.7M+75.0% | $102.7M+21.3% | $84.6M+17.8% | $71.9M+130.3% | $31.2M+19.9% | $26.0M+17.3% | $22.2M-31.6% | $32.4M-2.4% | $33.3M+5.1% | $31.6M+32.7% | $23.9M-10.7% | $26.7M+275.8% | $7.1M+54.7% | $4.6M |
| Long-Term Debt | $246.4M+164.3% | $93.2M+59.7% | $58.4M-8.5% | $63.8M+34.7% | $47.4M+2.5% | $46.2M+2.6% | $45.1M+13.2% | $39.8M+25.3% | $31.8M+16.1% | $27.4M+87.0% | $14.6M | $0 | N/A | N/A | N/A |
| Total Equity | -$659.6M-387.3% | -$135.4M+65.0% | -$386.3M-258.0% | -$107.9M-144.2% | $243.9M+115.1% | $113.4M+1136.7% | -$10.9M-142.2% | $25.9M-76.4% | $109.8M+16.4% | $94.4M+37.6% | $68.6M-25.5% | $92.1M+69.1% | $54.4M-22.3% | $70.1M+45.5% | $48.2M |
| Retained Earnings | -$3.5B-29.1% | -$2.7B-27.9% | -$2.1B-33.2% | -$1.6B-31.3% | -$1.2B-21.7% | -$992.3M-14.7% | -$865.0M-16.4% | -$743.3M-15.1% | -$646.1M-24.7% | -$518.3M+3.1% | -$534.7M-7.5% | -$497.2M-3.0% | -$482.6M-7.5% | -$448.9M-9.9% | -$408.5M |
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.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$555.5M | -$510.0M-28.8% | -$395.9M+4.5% | -$414.3M-38.3% | -$299.5M-110.2% | -$142.5M-1693.7% | $8.9M+109.8% | -$90.9M+10.2% | -$101.2M+0.5% | -$101.8M-375.2% | $37.0M+657.4% | $4.9M+110.9% | -$44.8M-481.0% | -$7.7M+76.9% | -$33.4M+26.7% | -$45.6M |
| Capital Expenditures | $25.3M | $24.8M+535.1% | $3.9M+175.8% | $1.4M-87.5% | $11.3M-76.8% | $48.9M+342.2% | $11.1M+322.0% | $2.6M+194.6% | $889K-69.1% | $2.9M+80.3% | $1.6M+184.0% | $562K-49.1% | $1.1M+103.7% | $542K+333.6% | $125K-71.8% | $443K |
| Free Cash Flow | -$580.7M | -$534.8M-33.8% | -$399.8M+3.8% | -$415.7M-33.7% | -$310.9M-62.4% | -$191.4M-8975.1% | -$2.1M+97.7% | -$93.5M+8.4% | -$102.1M+2.4% | -$104.6M-395.7% | $35.4M+718.9% | $4.3M+109.4% | -$45.9M-456.3% | -$8.3M+75.4% | -$33.6M+27.1% | -$46.0M |
| Investing Cash Flow | -$503.7M | $16.7M+103.0% | -$553.1M-331.2% | $239.3M+191.3% | -$262.1M-77.4% | -$147.8M+24.8% | -$196.5M-163.0% | -$74.7M-1555.4% | $5.1M+107.8% | -$65.8M | N/A | N/A | N/A | -$1.5M+94.7% | -$28.8M-213.9% | $25.3M |
| Financing Cash Flow | $1.2B | $524.5M-43.6% | $930.6M+320.5% | $221.3M-57.1% | $516.2M+61.3% | $320.0M+36.7% | $234.1M+46.5% | $159.8M+1116.8% | $13.1M-94.2% | $225.9M | N/A | N/A | N/A | $14.5M-75.2% | $58.3M+169.9% | $21.6M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CYTK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -695.4% | -2902.7% | -6589.7% | -342.8% | -264.5% | -168.3% | -368.0% | -282.3% | -848.3% | 17.6% | -130.5% | -31.4% | -110.6% | -535.2% | -1199.1% |
| Net Margin | -891.6% | -3191.1% | -6988.6% | -411.2% | -305.7% | -228.0% | -452.9% | -337.4% | -955.9% | 15.5% | -130.9% | -31.2% | -110.0% | -534.1% | -1196.5% |
| Return on Equity | N/A | N/A | N/A | N/A | -88.3%+24.0pp | -112.3% | N/A | -409.8%-293.5pp | -116.3%-133.8pp | 17.4%+72.1pp | -54.7%-38.8pp | -15.9%+46.0pp | -61.9%-4.3pp | -57.6%+41.7pp | -99.3% |
| Return on Assets | -55.1%-13.0pp | -42.1%+21.8pp | -63.8%-25.5pp | -38.3%-12.7pp | -25.6%-1.7pp | -23.8%+18.1pp | -42.0%+8.3pp | -50.3%-7.0pp | -43.4%-53.0pp | 9.7%+42.2pp | -32.5%-21.5pp | -11.0%+29.5pp | -40.5%+11.5pp | -52.1%+38.6pp | -90.7% |
| Current Ratio | 4.53-1.6x | 6.170.0x | 6.12-3.3x | 9.40+1.9x | 7.45-7.7x | 15.20+6.2x | 8.98-0.4x | 9.36+0.9x | 8.45+3.7x | 4.77+1.2x | 3.57-1.9x | 5.50+2.5x | 2.97-7.8x | 10.76-0.4x | 11.14 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 0.19-0.2x | 0.41 | N/A | 1.53+1.2x | 0.290.0x | 0.29+0.1x | 0.21+0.2x | 0.00-0.5x | 0.53+0.4x | 0.110.0x | 0.10 |
| FCF Margin | -607.5% | -2164.1% | -5521.2% | -328.6% | -271.8% | -3.8% | -348.1% | -324.1% | -782.7% | 33.3%+18.2pp | 15.1%+113.0pp | -97.9%-70.9pp | -27.0% | -444.0% | -1150.9% |
Not reported in any period shown, so not listed: Gross Margin.
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.
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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 cash runway?
Based on fiscal year 2025 data, Cytokinetics Inc (CYTK) had $122.5M in cash against an annual operating cash burn of $510.0M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
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 -1.07, 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 48 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.