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Cytokinetics, Incorporated
CYTKNASDAQ
Wall Street ScoreUnder review
$63.31USD+$2.03 (+3.31%)
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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Cytokinetics, Incorporated, a biopharmaceutical company, focuses on discovering, developing, and commercializing novel muscle activators and muscle inhibitors as potential treatments for debilitating diseases in the United States. The company markets MYQORZO, a novel, oral, and small molecule cardiac myosin inhibitor for the treatment of symptomatic oHCM. It also develops Aficamten, a novel, oral, and small molecule cardiac myosin inhibitor for the treatment of HCM; and omecamtiv mecarbil, a potential treatment across the continuum of care in heart failure with severely reduced ejection fraction.
How they make money
Cytokinetics is a late-stage biopharmaceutical company focused on discovering and developing muscle activators and inhibitors. The company generates value through the research and development of proprietary drug candidates targeting cardiovascular diseases, with a business model that relies on clinical trial success, regulatory approvals, and future commercialization of its pipeline products.
Products & services
The company focuses on muscle biology, specifically developing small-molecule drug candidates such as MYQORZO, which are designed to modulate muscle function for the treatment of cardiovascular diseases.
Brands & revenue mix
MYQORZO
A drug candidate for which the company is preparing for commercialization.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
The company reported no revenues for the fiscal year ended December 31, 2025, and therefore has no customer concentration.
Suppliers, materials & equipment
Contract Manufacturing Organizations (CMOs) — The company relies on single-source contract manufacturers to produce its commercial product and clinical trial materials, including the active pharmaceutical ingredient and finished drug product for MYQORZO.Source
Strengths
Extensive expertise in muscle biology research and developmentSource
Risks
Dependence on single-source contract manufacturersSource
Requirement for significant additional funding to support operations and commercializationSource
Extensive regulatory requirements for drug development and commercializationSource
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•What is driving CYTK's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•How long can CYTK fund negative free cash flow using its current cash position before it may need more debt or new shares?
•Is CYTK's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What specifically needs to improve for CYTK to reach sustainable profitability?
•What future growth or profitability would be needed to justify CYTK's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CYTK
Detected from reported data — verify before acting.
Severe debt stress
Negative shareholder equity • Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on CYTK.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Extensive expertise in muscle biology research and development.
Potential downside factors
−Debt risk (severe): Negative shareholder equity.
−Total debt is at least one year of revenue.
−Interest coverage is below 2x.
−Free cash flow is negative.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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Debt
—
Debt Cost8.1%
Debt Reduction YoY-62.8%
Debt / Equity-1.95x
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Revenue
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Revenue YoY-19.4%
Revenue CAGR241.9%
Net Margin-1259.9%
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Asset
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Asset Growth YoY1.6%
Liquidation/Share-$1.44
Net Assets/MCap0.08x
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Capital
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Earnings Yield-10.9%
Buyback Yield0.0%
Debt Cost8.1%
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Management
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ROIC-72.7%
ROE515.3%
ROA-46.5%
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Moat
—
EPS Growth—
FCF/Share Growth—
Rev/Share Growth66.6%
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Valuation
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Intrinsic Value—
Value Reference—
MOS—
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Buffett
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Revenue—
Moat—
Valuation—
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MOS
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MOS %—
Value Reference—
Deep Discount Reference—
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Financial
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Interest Coverage-5.9x
ROIC-72.7%
FCF Yield-6.5%
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Master
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Financial—
Valuation—
Debt—
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Resilience
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Survival Years1.6 yrs
Current Ratio4.53x
FCF Margin-607.5%
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailable
Current Price
$63.31
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Large reported revenue change: +376.6%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$71.0M
$88.0M
$18.5M
$7.5M
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Cost of Revenue
-$86.9M
$10.1M
$339.4M
$330.1M
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Gross Profit
$157.8M
$77.9M
-$320.9M
-$322.6M
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Research & Development
$386.8M
$405.9M
$339.4M
$330.1M
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SG&A Expenses
$370.5M
$284.3M
$215.3M
$173.6M
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Operating Expenses
$862.5M
$690.2M
$215.3M
$173.6M
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EBITDA
-$892.4M
-$775.3M
-$493.5M
-$456.7M
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Operating Income
-$704.6M
-$612.3M
-$536.2M
-$496.2M
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Interest Expense
$124.8M
$103.9M
$86.5M
$57.7M
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Income Before Tax
-$894.0M
-$785.0M
-$589.5M
-$526.2M
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Income Tax Expense
$0.00
$0.00
$0.00
$0.00
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Net Income
-$894.0M
-$785.0M
-$589.5M
-$526.2M
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Basic EPS
$-7.23
$-6.54
$-5.26
$-5.45
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Basic Shares
132M
120M
112M
96.52M
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Diluted Shares
132M
120M
112M
96.52M
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Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
What Weakened
Margins contracted
Debt increased
Potential Score Impact
Positive indicators included EPS growth, cash levels. Pressure indicators included revenue growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 52.2%. EPS increased 33.9%. Cash increased 240.6%. Total debt increased 48.1%. Net income margin declined by 421.6 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
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5 Years
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10 Years
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Conservative Projection Rate
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Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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