Karuna Therapeutics, Inc. (KRTX) Financial Statements (2026 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)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 186,504 | 265,636 | 564,693 | 248,329 | 628,317 | 136,096 | |||
| Cash and cash equivalent | 184,471 | 263,603 | 562,660 | 248,329 | 628,317 | 136,096 | |||
| Short-term investments | 2,033 | 2,033 | 2,033 | ||||||
| Restricted cash and investments | 104 | 261 | |||||||
| Receivables | 57 | 81 | 4,750 | ||||||
| Prepaid expense | 2,581 | 12 | 1,216 | 2,472 | 3,711 | 45 | |||
| Deferred costs | 829 | 625 | 625 | 568 | 528 | 528 | |||
| Other current assets | 10,078 | 6,693 | 6,932 | 2,343 | 2,682 | 1,296 | |||
| Other undisclosed current assets | 1,165,301 | 1,178,981 | 934,032 | 901,000 | 584,359 | 281,466 | |||
| Total current assets: | 1,365,397 | 1,451,947 | 1,507,759 | 1,154,769 | 1,219,678 | 424,181 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 14,603 | 15,435 | 4,209 | 4,674 | 5,131 | 5,580 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 4,715 | 4,182 | 3,721 | 3,201 | 2,919 | 3,079 | |||
| Restricted cash and investments | 261 | 261 | 261 | ||||||
| Other noncurrent assets | 382 | 539 | 479 | 429 | 423 | 455 | |||
| Total noncurrent assets: | 19,700 | 20,156 | 8,409 | 8,565 | 8,734 | 9,375 | |||
| TOTAL ASSETS: | 1,385,097 | 1,472,103 | 1,516,168 | 1,163,334 | 1,228,412 | 433,556 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 47,068 | 36,626 | 23,170 | 31,664 | 47,061 | 25,449 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 8,594 | 3,843 | ||
| Accounts payable | 2,939 | 1,102 | 476 | 2,379 | 15,716 | 3,920 | |||
| Accrued liabilities | 44,129 | 35,524 | 22,694 | 29,285 | 22,751 | 17,686 | |||
| Other liabilities | 104 | ||||||||
| Other undisclosed current liabilities | 1,796 | 1,977 | 2,067 | 2,282 | (6,316) | (1,581) | |||
| Total current liabilities: | 48,968 | 38,603 | 25,237 | 33,946 | 40,745 | 23,868 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 3,608 | 4,175 | |||||||
| Liabilities, other than long-term debt | 13,813 | 13,937 | 2,796 | 3,150 | 104 | 104 | |||
| Other liabilities | 104 | 104 | 104 | 104 | 104 | ||||
| Operating lease, liability | 13,813 | 13,833 | 2,692 | 3,046 | 3,608 | 4,175 | |||
| Total noncurrent liabilities: | 13,813 | 13,937 | 2,796 | 3,150 | 3,712 | 4,279 | |||
| Total liabilities: | 62,781 | 52,540 | 28,033 | 37,096 | 44,457 | 28,147 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,322,316 | 1,419,563 | 1,488,135 | 1,126,238 | 1,183,955 | 405,409 | |||
| Common stock | 4 | 4 | 4 | 3 | 3 | 3 | |||
| Treasury stock, value | |||||||||
| Additional paid in capital | 2,209,304 | 2,188,145 | 2,151,527 | 1,693,732 | 1,675,645 | 819,433 | |||
| Accumulated deficit | (884,063) | (764,944) | (661,781) | (564,207) | (487,995) | (411,032) | |||
| Other undisclosed equity, attributable to parent | (2,929) | (3,642) | (1,615) | (3,290) | (3,698) | (2,995) | |||
| Total equity: | 1,322,316 | 1,419,563 | 1,488,135 | 1,126,238 | 1,183,955 | 405,409 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,385,097 | 1,472,103 | 1,516,168 | 1,163,334 | 1,228,412 | 433,556 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 147 | 147 | 654 | 5,278 | 147 | 5,278 | ||
| Sublease income | 147 | 147 | 147 | 147 | 147 | 147 | ||
| Gross profit: | 147 | 147 | 654 | 5,278 | 147 | 5,278 | ||
| Operating expenses | (136,218) | (119,907) | (109,720) | (90,314) | (81,075) | (70,330) | ||
| Other undisclosed operating loss | (147) | (147) | (66) | |||||
| Operating loss: | (136,218) | (119,907) | (109,066) | (85,036) | (80,994) | (65,052) | ||
| Nonoperating income | 17,099 | 16,744 | 11,492 | 9,714 | 4,031 | 637 | ||
| Investment income, nonoperating | 16,952 | 16,597 | 11,345 | 9,567 | 3,884 | 490 | ||
| Loss from continuing operations before income taxes: | (119,119) | (103,163) | (97,574) | (75,322) | (76,963) | (64,415) | ||
| Income tax expense | (890) | (528) | ||||||
| Other undisclosed loss from continuing operations | ||||||||
| Loss from continuing operations: | (119,119) | (103,163) | (97,574) | (76,212) | (76,963) | (64,943) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (76,963) | (64,943) | |
| Net loss available to common stockholders, diluted: | (119,119) | (103,163) | (97,574) | (76,212) | (76,963) | (64,943) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (119,119) | (103,163) | (97,574) | (76,212) | (76,963) | (64,943) | ||
| Comprehensive loss: | (119,119) | (103,163) | (97,574) | (76,212) | (76,963) | (64,943) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 713 | (2,027) | 1,675 | 408 | (703) | (460) | ||
| Comprehensive loss, net of tax, attributable to parent: | (118,406) | (105,190) | (95,899) | (75,804) | (77,666) | (65,403) | ||
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.