KalVista Pharmaceuticals, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:22:04Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -83.33M | -153.34M | -89.27M | -76.46M | -79.06M | -30.25M |
| EBITDA | -111.07M | -187.05M | -139.63M | -110.15M | -96.05M | -57.39M |
| Working Capital | 262.79M | 196.52M | 202.88M | 157.29M | 182.07M | 254.49M |
| Net Debt | -44.78M | -125.31M | -24.47M | -48.01M | -22.54M | -44.68M |
| Gross Margin | 93.72% | — | — | — | — | — |
| Operating Margin | -228.28% | — | -280.89% | — | — | — |
| Net Margin | -223.11% | — | -253.20% | — | — | — |
| Return on Equity (ROE) | 4039.10% | -192.26% | -61.28% | -57.69% | -44.49% | -17.98% |
| Return on Assets (ROA) | -32.65% | -73.13% | -53.78% | -50.71% | -40.39% | -17.00% |
| Current Ratio | 5.58× | 5.35× | 9.90× | 11.46× | 16.73× | 27.04× |
| Debt-to-Equity | -68.08× | 0.07× | 0.04× | 0.05× | 0.04× | 0.02× |
| Effective Tax Rate | 0.93% | -1.88% | 0.00% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.75× | 0.83× | 0.70× | 0.81× | 0.95× | 0.65× |
| Accruals Ratio | -0.08× | -0.12× | -0.16× | -0.10× | -0.02× | -0.06× |
| SBC % of Revenue | 23.26% | — | 43.83% | — | — | — |
| CapEx Coverage | -47.82× | -352.32× | -2124.55× | -62.93× | -83.92× | -367.94× |
| Free Cash Flow Per Share | $-1.55 | $-3.09 | $-2.43 | $-2.74 | $-3.23 | $-1.58 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 49.08M | — | — | — | — | — |
| Revenues | — | — | 50.00M | — | — | — |
| Cost of Goods and Services Sold | 3.08M | — | — | — | — | — |
| Research and Development Expense | 33.37M | 71.71M | 86.17M | 80.28M | 70.17M | 41.29M |
| Selling, General and Administrative Expense | 124.66M | 116.29M | 54.28M | — | — | — |
| Operating Expenses | 161.12M | 188.00M | 140.44M | 110.87M | 96.61M | 57.92M |
| Operating Income (Loss) | -112.04M | -188.00M | -140.44M | -110.87M | -96.61M | -57.92M |
| Income Tax Expense (Benefit) | -1.03M | 3.39M | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -109.50M | -183.40M | -126.60M | -92.90M | -82.34M | -46.24M |
| Earnings Per Share, Basic | $-2.03 | $-3.69 | $-3.44 | $-3.33 | $-3.36 | $-2.42 |
| Weighted Average Number of Shares Outstanding, Basic | 53.87M | 49.65M | 36.79M | 27.89M | 24.47M | 19.09M |
| Earnings Per Share, Diluted | $-2.03 | $-3.69 | $-3.44 | $-3.33 | $-3.36 | $-2.42 |
| Weighted Average Number of Shares Outstanding, Diluted | 53.87M | 49.65M | 36.79M | 27.89M | 24.47M | 19.09M |
Balance Sheet
| Concept | FY 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 229.34M | 131.62M | 31.79M | 56.24M | 30.73M | 50.59M |
| Assets, Current | 320.15M | 241.69M | 225.69M | 172.33M | 193.65M | 264.26M |
| Assets | 335.38M | 250.77M | 235.40M | 183.20M | 203.88M | 272.01M |
| Long-term Debt | 172.21M | — | — | — | — | — |
| Liabilities, Current | 57.35M | 45.17M | 22.81M | 15.03M | 11.58M | 9.77M |
| Liabilities | 338.09M | 155.38M | 28.82M | — | — | — |
| Stockholders' Equity Attributable to Parent | -2.71M | 95.39M | 206.58M | 161.03M | 185.09M | 257.19M |
| Common Stock, Shares, Outstanding | 50.90M | 49.76M | 42.52M | 34.17M | 24.55M | 24.42M |
Cash Flow Statement
| Concept | FY 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -81.62M | -152.91M | -89.23M | -75.26M | -78.13M | -30.17M |
| Payments to Acquire Property, Plant, and Equipment | 1.71M | 434.00K | 42.00K | 1.20M | 931.00K | 82.00K |
| Net Cash Provided by (Used in) Investing Activities | 18.68M | 91.02M | -84.72M | 41.41M | 57.86M | -147.65M |
| Net Cash Provided by (Used in) Financing Activities | 162.64M | 159.73M | 150.71M | 58.12M | 1.58M | 212.12M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -14.58M | — | -128.85M | -54.79M | -40.65M | -47.85M |
| EBITDA | -23.09M | — | — | -58.76M | -54.77M | -49.46M |
| Working Capital | 253.39M | 262.79M | 280.16M | 167.52M | 196.52M | — |
| Net Debt | -29.45M | -44.78M | -93.91M | -118.16M | -125.31M | — |
| Gross Margin | 92.44% | — | 91.00% | — | — | — |
| Operating Margin | -57.37% | — | -336.33% | -4138.08% | — | — |
| Net Margin | -57.48% | — | -361.39% | -4214.31% | — | — |
| Return on Equity (ROE) | 119.51% | — | -291.09% | -147.33% | -54.70% | -44.40% |
| Return on Assets (ROA) | -7.14% | — | -14.56% | -27.89% | -20.81% | — |
| Current Ratio | 5.17× | 5.58× | 7.22× | 5.37× | 5.35× | — |
| Debt-to-Equity | -9.38× | -68.08× | 8.80× | 0.15× | 0.07× | — |
| Effective Tax Rate | 0.00% | — | -4.56% | -3.72% | 1.61% | -8.92% |
| Cash Conversion Ratio | 0.62× | — | 2.57× | 0.91× | 0.77× | 0.92× |
| Accruals Ratio | -0.03× | — | 0.23× | -0.03× | -0.05× | — |
| SBC % of Revenue | 12.40% | — | 89.34% | 377.21% | — | — |
| CapEx Coverage | -119.46× | — | -68.16× | -187.94× | -143.64× | -165.16× |
| Free Cash Flow Per Share | $-0.27 | — | $-2.39 | $-1.02 | $-0.82 | $-0.90 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| P/B | — | — | 36.21× | 16.82× | 7.18× | 5.25× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 40.86M | — | 13.69M | 1.43M | — | — |
| Revenues | — | — | 13.70M | 1.40M | — | — |
| Cost of Goods and Services Sold | 3.09M | — | 1.23M | — | — | — |
| Research and Development Expense | 12.42M | — | 11.99M | 15.16M | 15.89M | 14.17M |
| Selling, General and Administrative Expense | 48.80M | — | 46.52M | 44.68M | — | 35.53M |
| Operating Expenses | 64.31M | — | 59.74M | 60.44M | 55.03M | 49.71M |
| Operating Income (Loss) | -23.44M | — | -46.05M | -59.01M | -55.03M | -49.71M |
| Income Tax Expense (Benefit) | 0 | — | 2.16M | 2.16M | -855.00K | 4.25M |
| Net Income (Loss) Attributable to Parent | -23.49M | — | -49.48M | -60.10M | -52.18M | -51.84M |
| Earnings Per Share, Basic | $-0.43 | — | $-0.92 | $-1.12 | $-0.99 | $-0.98 |
| Weighted Average Number of Shares Outstanding, Basic | 54.58M | — | 53.88M | 53.50M | 49.65M | 53.07M |
| Earnings Per Share, Diluted | $-0.43 | — | $-0.92 | $-1.12 | $-0.99 | $-0.98 |
| Weighted Average Number of Shares Outstanding, Diluted | 54.58M | — | 53.88M | 53.50M | 49.65M | 53.07M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 213.77M | 229.34M | 243.50M | 124.30M | 131.62M | — |
| Assets, Current | 314.20M | 320.15M | 325.23M | 205.90M | 241.69M | — |
| Assets | 328.92M | 335.38M | 339.93M | 215.50M | 250.77M | — |
| Long-term Debt | 172.21M | 172.21M | — | — | — | — |
| Liabilities, Current | 60.82M | 57.35M | 45.07M | 38.38M | 45.17M | — |
| Liabilities | 348.57M | 338.09M | 322.93M | — | 155.38M | — |
| Stockholders' Equity Attributable to Parent | -19.65M | -2.71M | 17.00M | 40.79M | 95.39M | 116.76M |
| Common Stock, Shares, Outstanding | 51.24M | 50.90M | 50.54M | 50.34M | 49.76M | — |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -14.46M | — | -126.98M | -54.50M | -40.36M | -47.57M |
| Payments to Acquire Property, Plant, and Equipment | 121.00K | — | 1.86M | 290.00K | 281.00K | 288.00K |
| Net Cash Provided by (Used in) Investing Activities | -901.00K | — | 19.87M | 21.26M | -3.33M | -3.72M |
| Net Cash Provided by (Used in) Financing Activities | 1.47M | — | 164.39M | 23.21M | 4.66M | 2.22M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (KALV CIK 0001348911),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
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description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.