KEROS THERAPEUTICS, INC. financials
Source: EDGAR filings · Built 2026-06-02T03:24:47Z
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 105.95M | -162.80M | -126.97M | -71.30M | -63.17M | -37.19M |
| EBITDA | 69.08M | -209.60M | -169.13M | -114.12M | -55.99M | -46.38M |
| Working Capital | 295.02M | 561.44M | 322.92M | 269.22M | 239.59M | 260.54M |
| Net Debt | -270.53M | -541.07M | -316.70M | -265.78M | -228.95M | -264.98M |
| Operating Margin | 27.69% | -5938.96% | -112543.71% | — | -280.46% | — |
| Net Margin | 35.65% | -5277.55% | -101319.21% | — | -292.26% | — |
| Return on Equity (ROE) | 28.70% | -32.78% | -46.05% | -37.73% | -24.16% | -17.33% |
| Return on Assets (ROA) | 25.74% | -30.42% | -41.35% | -34.12% | -23.01% | -16.84% |
| Current Ratio | 15.45× | 21.45× | 14.25× | 17.27× | 21.23× | 37.27× |
| Debt-to-Equity | 0.06× | 0.03× | 0.04× | 0.05× | 0.00× | 0.00× |
| Effective Tax Rate | 5.31% | -0.16% | 0.00% | 0.00% | -3.54% | 0.38% |
| Cash Conversion Ratio | 1.24× | 0.86× | 0.81× | 0.67× | 1.06× | 0.81× |
| Accruals Ratio | -0.06× | -0.04× | -0.08× | -0.11× | 0.01× | -0.03× |
| SBC % of Revenue | 11.76% | 982.31% | 19048.34% | — | 58.32% | — |
| CapEx Coverage | 69.31× | -83.31× | -50.53× | -56.46× | -60.69× | -125.49× |
| Free Cash Flow Per Share | $2.80 | $-4.35 | $-4.31 | $-2.82 | $-2.71 | $-2.40 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 8.85× | — | — | — | — | — |
| P/FCF | 7.28× | — | — | — | — | — |
| FCF Yield | 13.75% | — | — | — | — | — |
| EV / EBITDA | 1.84× | — | — | — | — | — |
| P/S | 1.63× | 180.84× | 8384.12× | — | 69.79× | — |
| P/B | 1.31× | 1.12× | 3.81× | 4.77× | 5.77× | 6.25× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 244.06M | 3.55M | 151.00K | 0 | 20.10M | 0 |
| Revenues | 243.86M | 0 | — | — | — | — |
| Research and Development Expense | 129.64M | 173.63M | 135.26M | 87.27M | 55.14M | 33.86M |
| Operating Expenses | 176.49M | 214.38M | 170.09M | 114.79M | 76.47M | 46.66M |
| Operating Income (Loss) | 67.57M | -210.83M | -169.94M | -114.79M | -56.37M | -46.66M |
| Income Tax Expense (Benefit) | 4.88M | 300.00K | 0 | 0 | 2.01M | -172.00K |
| Net Income (Loss) Attributable to Parent | 87.01M | -187.35M | -152.99M | -104.68M | -58.74M | -45.36M |
| Earnings Per Share, Basic | $2.34 | $-5.00 | $-5.20 | $-4.15 | $-2.52 | $-2.93 |
| Weighted Average Number of Shares Outstanding, Basic | 37.22M | 37.44M | 29.45M | 25.24M | 23.33M | 15.51M |
| Earnings Per Share, Diluted | $2.30 | $-5.00 | $-5.20 | $-4.15 | $-2.52 | $-2.93 |
| Weighted Average Number of Shares Outstanding, Diluted | 37.86M | 37.44M | 29.45M | 25.24M | 23.33M | 15.51M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 287.42M | 559.93M | 331.15M | 279.05M | 230.04M | 265.88M |
| Assets, Current | 315.43M | 588.89M | 347.29M | 285.77M | 251.44M | 267.73M |
| Assets | 338.02M | 615.89M | 370.02M | 306.78M | 255.25M | 269.44M |
| Liabilities, Current | 20.41M | 27.45M | 24.37M | 16.55M | 11.85M | 7.18M |
| Liabilities | 34.89M | 44.33M | 37.81M | 29.36M | 12.08M | 7.72M |
| Stockholders' Equity Attributable to Parent | 303.13M | 571.55M | 332.21M | 277.42M | 243.17M | 261.72M |
| Common Stock, Shares, Outstanding | 19.54M | 40.55M | 31.84M | 27.54M | 23.97M | 23.19M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 107.50M | -160.87M | -124.51M | -70.06M | -62.15M | -36.89M |
| Payments to Acquire Property, Plant, and Equipment | 1.55M | 1.93M | 2.46M | 1.24M | 1.02M | 294.00K |
| Net Cash Provided by (Used in) Investing Activities | -1.55M | -1.93M | -2.46M | -1.24M | -1.02M | -294.00K |
| Payments for Repurchase of Common Stock | 375.00M | 0 | — | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -378.47M | 391.82M | 178.96M | 120.31M | 28.55M | 296.04M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -3.60M | -27.43M | 133.38M | 130.26M | 160.61M | -46.30M |
| EBITDA | -25.47M | -28.87M | — | — | 152.38M | -52.92M |
| Working Capital | 277.82M | 295.02M | 695.22M | 698.10M | 720.13M | 561.44M |
| Net Debt | -265.19M | -270.53M | -676.04M | -672.26M | -702.13M | -541.07M |
| Operating Margin | -7050.95% | -7602.60% | -107.87% | -219.16% | 71.97% | -1750.62% |
| Net Margin | -6459.95% | -6093.77% | -51.04% | -168.96% | 70.27% | -1513.02% |
| Return on Equity (ROE) | -8.30% | -7.74% | -1.03% | -4.34% | 20.37% | -8.05% |
| Return on Assets (ROA) | -7.59% | -6.94% | -0.98% | -4.05% | 18.92% | -7.47% |
| Current Ratio | 22.62× | 15.45× | 29.86× | 21.11× | 19.29× | 21.45× |
| Debt-to-Equity | 0.06× | 0.06× | 0.02× | 0.03× | 0.03× | 0.03× |
| Effective Tax Rate | 0.00% | 6.06% | 16.36% | 6.75% | 6.34% | -0.66% |
| Cash Conversion Ratio | 0.15× | 1.16× | -18.52× | -4.29× | 1.09× | 1.00× |
| Accruals Ratio | -0.06× | 0.01× | -0.19× | -0.21× | -0.02× | 0.00× |
| SBC % of Revenue | 1689.10% | 1897.40% | 149.99% | 95.80% | 4.20% | 302.43% |
| CapEx Coverage | -48.34× | -203.67× | 95.13× | 102.37× | 285.26× | -159.20× |
| Free Cash Flow Per Share | $-0.18 | $-0.72 | $3.28 | $3.21 | $3.92 | $-1.24 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | 8.85× | 10.14× | 40.45× | — | — |
| P/S | 6.57× | 1.63× | 2.61× | 2.33× | 1.93× | 180.84× |
| P/B | 0.76× | 1.31× | 0.91× | 0.77× | 0.57× | 1.12× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 367.00K | 385.00K | 14.26M | 18.17M | 211.25M | 3.04M |
| Revenues | 32.00K | 380.00K | 14.12M | 18.17M | 211.19M | 0 |
| Research and Development Expense | 16.10M | 17.91M | 19.52M | 43.50M | 48.71M | 45.63M |
| Operating Expenses | 26.24M | 29.66M | 29.65M | 57.98M | 59.21M | 56.30M |
| Operating Income (Loss) | -25.88M | -29.27M | -15.38M | -39.82M | 152.04M | -53.25M |
| Income Tax Expense (Benefit) | 0 | -1.51M | -1.42M | -2.22M | 10.04M | 300.00K |
| Net Income (Loss) Attributable to Parent | -23.71M | -23.46M | -7.28M | -30.70M | 148.45M | -46.03M |
| Earnings Per Share, Basic | $-1.21 | $-0.38 | $-0.18 | $-0.76 | $3.66 | $-1.12 |
| Weighted Average Number of Shares Outstanding, Basic | 19.63M | 37.22M | 40.62M | 40.61M | 40.56M | 37.44M |
| Earnings Per Share, Diluted | $-1.21 | $-0.38 | $-0.18 | $-0.76 | $3.62 | $-1.12 |
| Weighted Average Number of Shares Outstanding, Diluted | 19.63M | 37.86M | 40.62M | 40.61M | 41.02M | 37.44M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 281.50M | 287.42M | 693.47M | 690.22M | 720.54M | 559.93M |
| Assets, Current | 290.68M | 315.43M | 719.31M | 732.81M | 759.51M | 588.89M |
| Assets | 312.29M | 338.02M | 742.78M | 757.16M | 784.56M | 615.89M |
| Liabilities, Current | 12.85M | 20.41M | 24.09M | 34.71M | 39.38M | 27.45M |
| Liabilities | 26.66M | 34.89M | 39.20M | 50.43M | 55.69M | 44.33M |
| Stockholders' Equity Attributable to Parent | 285.63M | 303.13M | 703.58M | 706.73M | 728.87M | 571.55M |
| Common Stock, Shares, Outstanding | 19.73M | 19.54M | 40.63M | 40.62M | 40.56M | 40.55M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.53M | -27.29M | 134.80M | 131.55M | 161.17M | -46.01M |
| Payments to Acquire Property, Plant, and Equipment | 73.00K | 134.00K | 1.42M | 1.28M | 565.00K | 289.00K |
| Net Cash Provided by (Used in) Investing Activities | -73.00K | -134.00K | -1.42M | -1.28M | -565.00K | -289.00K |
| Net Cash Provided by (Used in) Financing Activities | -2.32M | -378.63M | 161.00K | 21.00K | 4.00K | 75.54M |
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 (KROS CIK 0001664710),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
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.