Karuna Therapeutics, Inc. (KRTX) Financial Statements (2024 and earlier)

Company Profile

Business Address 99 HIGH STREET
BOSTON, MA 02110
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:248,329206,95353,048389,400
Cash and cash equivalents248,329206,95353,048208,929
Short-term investments   180,468
Other undisclosed cash, cash equivalents, and short-term investments    3
Receivables 571,750  
Prepaid expense2,4721002,116694
Deferred costs568455405 
Other current assets2,3437081,088485
Other undisclosed current assets901,000307,368287,9422,127
Total current assets:1,154,769517,334344,599392,706
Noncurrent Assets
Operating lease, right-of-use asset4,6746,4532,420 
Property, plant and equipment3,2013,092449195
Restricted cash and investments 261261157 
Other noncurrent assets429531  
Other undisclosed noncurrent assets    123
Total noncurrent assets:8,56510,3373,026318
TOTAL ASSETS:1,163,334527,671347,625393,024
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,66418,0386,0092,900
Accounts payable2,3791,939865547
Accrued liabilities29,28516,0995,1442,353
Other liabilities    
Due to related parties   51
Other undisclosed current liabilities2,2822,1758447
Total current liabilities:33,94620,2136,8532,958
Noncurrent Liabilities
Long-term debt and lease obligation:  5,3281,841 
Liabilities, other than long-term debt3,150104  
Other liabilities 104104  
Operating lease, liability3,0465,3281,841 
Other undisclosed noncurrent liabilities   (1,841)150
Total noncurrent liabilities:3,1505,4321,841150
Total liabilities:37,09625,6458,6943,108
Equity
Equity, attributable to parent, including:1,126,238502,026338,931389,916
Common stock3333
Treasury stock, value    
Additional paid in capital1,693,732790,391482,955465,420
Accumulated other comprehensive income    5
Accumulated deficit(564,207)(287,871)(144,066)(75,512)
Other undisclosed equity, attributable to parent(3,290)(497)39 
Total equity:1,126,238502,026338,931389,916
TOTAL LIABILITIES AND EQUITY:1,163,334527,671347,625393,024

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues10,63736,964  
Sublease income580254  
Gross profit:10,63736,964  
Operating expenses(300,313)(180,817)(71,816)(45,405)
Operating loss:(289,676)(143,853)(71,816)(45,405)
Nonoperating income14,758543,3051,448
Investment income, nonoperating 14,1785023,3052,517
Loss from continuing operations before income taxes:(274,918)(143,799)(68,511)(43,957)
Income tax expense(1,418)(6)(43) 
Loss from continuing operations:(276,336)(143,805)(68,554)(43,957)
Loss before gain (loss) on sale of properties:(143,805)(68,554)(43,957)
Net loss available to common stockholders, diluted:(276,336)(143,805)(68,554)(43,957)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net loss:(276,336)(143,805)(68,554)(43,957)
Comprehensive loss:(276,336)(143,805)(68,554)(43,957)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,793)(536)345
Comprehensive loss, net of tax, attributable to parent:(279,129)(144,341)(68,520)(43,952)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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