Kyverna Therapeutics, Inc. (KYTX) intrinsic value & 10-year financials

Kyverna Therapeutics, Inc. (KYTX) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$5.67
Market cap
$251.0M
Revenue (FY2025)
—
ROIC (10-yr avg)
-684.8%
Free cash flow (FY2025)
-$153.7M

KYTX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$161.3M -$3.64 -$153.7M — -110.5%
FY2024 — -$127.5M -$3.33 -$116.5M — -1983.0%
FY2023 — -$60.4M -$1.57 -$53.0M — 39.0%
FY2022 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Kyverna Therapeutics, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Kyverna Therapeutics, Inc. has historically struggled to out-earn its cost of capital, averaging just -30.4% ROIC.

Kyverna Therapeutics, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Kyverna Therapeutics, Inc. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

KYTX stock: frequently asked questions

What is the intrinsic value of Kyverna Therapeutics, Inc. (KYTX) stock?

Graham's formula only works with positive earnings. Kyverna Therapeutics, Inc. reported diluted EPS of -$3.64 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Kyverna Therapeutics, Inc. generate free cash flow?

Kyverna Therapeutics, Inc. generated -$153.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 3 reported years.

What is KYTX's return on invested capital?

Average ROIC over the last 4 fiscal years was -684.8%, and average return on equity was -64.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this KYTX data come from?

From Kyverna Therapeutics, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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