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Scholar Rock Holding Corporation

Scholar Rock Holding Corporation

NASDAQ•SRRK
CEO: Dr. Jay Thomas Backstrom M.D., M.P.H.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2018-05-25
Scholar Rock Holding Corporation, a biopharmaceutical company, focuses on the discovery, development, and delivery of medicines for the treatment of serious diseases in which signaling by protein growth factors plays a fundamental role. The company develops Apitegromab, an inhibitor of the activation of myostatin that is in Phase 3 clinical trial for the treatment of spinal muscular atrophy; and SRK-181, which has completed Phase 1 clinical trials for the treatment of cancers that are resistant to checkpoint inhibitor therapies, such as anti-PD-1 or anti-PD-L1 antibody therapies. It is developing a pipeline of product candidates to deliver novel therapies to treat a range of serious diseases, including neuromuscular disorders, cardiometabolic disorders, cancer, fibrosis, and iron-restricted anemia. Scholar Rock Holding Corporation was founded in 2012 and is headquartered in Cambridge, Massachusetts.
Contact Information
301 Binney Street, 3rd Floor, Cambridge, MA, 02142, United States
857-259-3860
scholarrock.com
Market Cap
$4.78B
P/E (TTM)
-15.1
42.1
Dividend Yield
--
52W High
$48.20
52W Low
$22.71
52W Range
95%
Rank46Top 45.7%
3.9
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 3.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2024

Financial Dashboard

Q3 2025 Data

Revenue

$0.00+0.00%
4-Quarter Trend

EPS

-$0.90+36.36%
4-Quarter Trend

FCF

-$69.01M+31.48%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Cash Position/Financing Activity Total cash reserves decreased $67.6M over nine months; financing provided $155.1M via debt and ATM sales.
R&D Investment Rises Research and development costs totaled $161.6M for nine months, increasing 20.4% compared to prior year.
G&A Scaling Up General administrative costs increased 170.4% to $131.2M for nine months, supporting launch readiness efforts.
SRK-439 IND Cleared Investigational New Drug application cleared by FDA in September 2025; dosing planned for Q4 2025.

Risk Factors

Apitegromab Regulatory Setback FDA issued CRL in September 2025, delaying BLA resubmission progress due to third-party facility observations.
Accelerated Net Loss Nine-month net loss widened 59.6% to $287.0M; significant operating losses are expected to continue.
Manufacturing Facility Risk CRL linked to OAI classification at third-party fill-finish facility; resubmission contingent on reclassification.
Future Capital Required Existing cash sufficient into 2027, but additional capital will be required to complete clinical development.

Outlook

BLA Resubmission Strategy Plan to resubmit apitegromab BLA upon third-party fill-finish facility achieving necessary FDA reclassification.
Commercial Infrastructure Build Continue investing in infrastructure supporting potential apitegromab launch readiness in US and Europe.
SRK-439 Clinical Entry Initiate dosing of SRK-439 in healthy volunteers during the fourth quarter of 2025 as planned.
Pipeline Advancement Focus Continue development for SRK-181 and SRK-373 while supporting ongoing apitegromab trials like ONYX.

Peer Comparison

Revenue (TTM)

Apellis Pharmaceuticals, Inc.APLS
$1.02B
+42.1%
Legend Biotech CorporationLEGN
$908.96M
+74.7%
Ultragenyx Pharmaceutical Inc.RARE
$630.60M
+20.6%

Gross Margin (Latest Quarter)

Apellis Pharmaceuticals, Inc.APLS
94.6%
+11.6pp
uniQure N.V.QURE
89.2%
+33.9pp
Ultragenyx Pharmaceutical Inc.RARE
82.5%
-2.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SRRK$4.78B-15.1-122.0%26.7%
IMVT$4.63B-9.9-84.9%0.0%
CNTA$3.56B-15.4-56.5%24.0%

Long-Term Trends

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

Research & Insights

Next earnings:Feb 26, 2026
|
EPS:-$0.86
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 14, 2025|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.90+36.4%
    N/A
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.98+63.3%
    N/A
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 14, 2025|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.67+13.6%
    N/A
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $0.00+0.0%
    |
    EPS: $-2.47-24.1%
    N/A
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.66+24.5%
    N/A
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.60+27.7%
    N/A
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.59+20.4%
    N/A
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 19, 2024|
    Revenue: $0.00-100.0%
    |
    EPS: $-1.99+10.0%
    N/A