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Cytokinetics, Incorporated

NASDAQ•CYTK
CEO: Mr. Robert I. Blum
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2004-04-30
Cytokinetics, Incorporated, a late-stage biopharmaceutical company, focuses on discovering, developing, and commercializing muscle activators and inhibitors as potential treatments for debilitating diseases. It develops small molecule drug candidates primarily engineered to impact muscle function and contractility. The company's drug candidates include omecamtiv mecarbil, a novel cardiac myosin activator that is in Phase III clinical trial in patients with heart failure. It also develops CK-136, a novel cardiac troponin activator that is in Phase I clinical trial; CK-586, a small molecule cardiac myosin inhibitor, that is in Phase I clinical trial; and aficamten, a novel cardiac myosin inhibitor, which is in Phase III clinical trial for the treatment of patients with symptomatic obstructive hypertrophic cardiomyopathy. The company has a strategic alliance with Ji Xing Pharmaceuticals Limited; and a collaboration and license agreement for the development and commercialization of aficamten in Japan for the treatment of patients with obstructive and non-obstructive hypertrophic cardiomyopathy. Cytokinetics, Incorporated was incorporated in 1997 and is headquartered in South San Francisco, California.
Contact Information
350 Oyster Point Boulevard, South San Francisco, CA, 94080, United States
650-624-3000
www.cytokinetics.com
Market Cap
$8.22B
P/E (TTM)
-10.4
18.2
Dividend Yield
--
52W High
$70.98
52W Low
$29.31
52W Range
90%
Rank60Top 89.2%
2.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$17.76M+0.00%
4-Quarter Trend

EPS

-$1.49+0.00%
4-Quarter Trend

FCF

-$148.29M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

MYQORZO Commercialization Achieved FDA approved MYQORZO in December 2025; commercial sales expected Q1 2026; EU launch planned for Q2 2026.
Revenue Surges on Milestones Total revenues reached $88.1M in 2025, up $69.6M, driven by $79.4M in license and milestone revenue.
Strong Liquidity Maintained Total cash, equivalents, and marketable securities stood at $1,217.2M as of year-end 2025, supporting operations.
Significant R&D Investment Continues R&D expenses increased to $416.0M in 2025, primarily advancing clinical trials for aficamten and omecamtiv mecarbil.

Risk Factors

Substantial Net Loss Incurred Net loss reached $785.0M in 2025, reflecting high operating expenses before widespread commercial revenue.
High Debt Obligations Remain Total borrowings totaled $1,325.4M by year-end 2025, including significant liabilities related to RPI transactions.
Commercial Acceptance Uncertainty Failure of physicians or payors to accept MYQORZO could severely limit expected revenue generation and profitability.
Reliance on Third-Party Manufacturing Dependence on single-source CMOs for MYQORZO supply increases risk of supply chain interruption or delays.

Outlook

Focus on Global Market Access Strategy IGNITION targets broad access in 15 countries across North America and Europe starting in 2026.
Pipeline Advancement Goals Vision 2030 aims for 2 product approvals across 3 indications and 10 novel molecular entities in pipeline.
Supplemental NDA Review Expected Expect FDA review decision for supplemental NDA including MAPLE-HCM data in the fourth quarter of 2026.
Increased SG&A Spending Forecast Expect significant increase in SG&A for 2026 due to full impact of US sales force and European readiness.

Peer Comparison

Revenue (TTM)

JAZZ stock ticker logoJAZZ
$4.27B
+4.9%
HALO stock ticker logoHALO
$1.40B
+37.6%
CORT stock ticker logoCORT
$761.41M
+12.8%

Gross Margin (Latest Quarter)

RNA stock ticker logoRNA
100.0%
+0.0pp
CORT stock ticker logoCORT
98.7%
-0.6pp
JAZZ stock ticker logoJAZZ
97.9%
-12.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
RVMD$29.45B-25.0-63.1%6.7%
JAZZ$12.52B-34.8-8.8%46.4%
AXSM$9.67B-52.2-254.1%35.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
124.0%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Deep Research

Next earnings:Apr 30, 2026
|
EPS:-$1.65
|
Revenue:$8.32M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data