Page: Company Financials
Keros Therapeutics, Inc.
$19.20
-0.24 (-1.23%)
As of: 2026-01-23
Master Data Export
Enterprise Value
| Metric | MRQ | MRQ-1 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Stock Price | 15.82 | 13.35 | 13.12 | 46.14 | 38.63 | 41.91 | 50.52 | 41.68 | 20.08 |
| Market Capitalization | 642.66M | 542.18M | 532.71M | 1,571.25M | 1,136.11M | 1,060.70M | 1,178.75M | 832.45M | 178.35M |
| (-) Cash & Equivalents | 693.47M | 690.22M | 701.41M | 484.73M | 323.12M | 240.67M | 235.93M | 149.72M | -4.06M |
| (+) Total Debt | 17.43M | 17.95M | 17.93M | 16.58M | 14.18M | 3.82M | 0.97M | 1.04M | 0.32M |
| Enterprise Value | -33.38M | -130.08M | -150.76M | 1,103.10M | 827.17M | 823.85M | 943.79M | 683.77M | 182.73M |
Income Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 247M | 1M | 4M | 0M | 0M | 20M | 0M | 10M | 10M |
| Cost of Revenue | 1M | 0M | 0M | 0M | 0M | 0M | 1M | 17M | 10M |
| Gross Profit | 246M | 0M | 4M | 0M | 0M | 20M | -1M | -7M | 0M |
| Gross Profit Margin | 99.6% | 51.8% | 100.0% | 100.0% | 0.0% | 100.0% | 0.0% | -73.5% | -1.1% |
| R&D Expenses | 157M | 165M | 174M | 135M | 87M | 55M | 34M | 17M | 10M |
| SG&A Expenses | 46M | 39M | 41M | 35M | 28M | 21M | 12M | 3M | 2M |
| Operating Expenses | 202M | 204M | 214M | 170M | 115M | 76M | 46M | 20M | 11M |
| Operating Income (EBIT) | 44M | -204M | -211M | -170M | -115M | -56M | -47M | -27M | -11M |
| Operating Income Margin | 17.7% | -31,341.6% | -5,939.0% | -112,543.7% | 0.0% | -280.5% | 0.0% | -273.5% | -114.3% |
| Interest Income | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| Interest Expense | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| Net Interest Income | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| Unusual Items | 28M | 22M | 24M | 17M | 10M | 0M | 1M | 15M | 10M |
| EBT Excluding Unusual Items | 44M | -204M | -211M | -170M | -115M | -56M | -47M | -27M | -11M |
| Pre-Tax Income | 71M | -182M | -187M | -153M | -105M | -57M | -46M | -12M | -1M |
| Pre-Tax Margin | 28.8% | -27,890.9% | -5,269.1% | -101,319.2% | 0.0% | -282.3% | 0.0% | -123.4% | -10.8% |
| Income Tax Expense | 7M | 0M | 0M | 0M | 0M | 2M | 0M | 0M | 0M |
| Net Income | 64M | -182M | -187M | -153M | -105M | -59M | -45M | -12M | -1M |
| Net Income Margin | 26.1% | -27,890.9% | -5,277.5% | -101,319.2% | 0.0% | -292.3% | 0.0% | -123.4% | -13.4% |
| Depreciation & Amortization | 1M | 1M | 1M | 1M | 1M | 0M | 1M | 0M | 0M |
| EBITDA | 45M | -203M | -210M | -169M | -114M | -56M | -46M | -27M | -11M |
| EBITDA Margin | 18.2% | -31,165.9% | -5,904.3% | -112,004.0% | 0.0% | -278.6% | 0.0% | -269.2% | -111.3% |
| NOPAT | 39M | -161M | -167M | -134M | -91M | -45M | -37M | -22M | -9M |
| NOPAT Margin | 16.0% | -24,759.9% | -4,691.8% | -88,909.5% | 0.0% | -221.6% | 0.0% | -216.1% | -90.3% |
| Owner's Earnings | 64M | -183M | -188M | -155M | -105M | -59M | -45M | -12M | -1M |
| Owner's Earnings Margin | 26.0% | -28,050.5% | -5,297.3% | -102,411.3% | 0.0% | -295.5% | 0.0% | -121.8% | -12.5% |
| EPS (Basic) | 1.58 | -5.52 | -5.00 | -5.20 | -4.15 | -2.52 | -2.93 | -1.39 | -0.15 |
| EPS (Diluted) | 1.59 | -5.51 | -5.00 | -5.20 | -4.15 | -2.52 | -2.93 | -1.39 | -0.15 |
| Shares (Basic) | 41M | 33M | 37M | 29M | 25M | 23M | 16M | 9M | 9M |
| Shares (Diluted) | 41M | 33M | 37M | 29M | 25M | 23M | 16M | 9M | 9M |
Product Segments
| Metric | TTM | TTM-1 | 2024-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| License | 205.36M | 144.00M | 144.00M | 144.00M | 144.00M |
| Service | 2.60M | 0.40M | 3.00M | 0.00M | 0.00M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 693.47M | 690.22M | 559.93M | 331.15M | 279.05M | 230.04M | 265.88M | 7.02M | 23.26M |
| Short-Term Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Cash & Short-Term Investments | 693.47M | 690.22M | 559.93M | 331.15M | 279.05M | 230.04M | 265.88M | 7.02M | 23.26M |
| Net Receivables | 5.57M | 17.74M | 4.46M | 1.09M | 0.84M | 18.20M | 0.22M | 0.92M | 0.00M |
| Inventory | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Current Assets | 2.65M | 2.52M | 1.48M | 1.00M | 0.28M | 0.21M | 0.16M | 0.82M | 0.08M |
| Total Current Assets | 701.69M | 710.48M | 565.87M | 333.24M | 280.17M | 248.45M | 266.25M | 8.76M | 23.34M |
| Property, Plant & Equipment | 22.03M | 22.91M | 23.49M | 19.47M | 17.57M | 2.40M | 1.60M | 1.91M | 1.38M |
| Goodwill | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Intangible Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Long-Term Investments | 1.45M | 0.00M | 1.45M | 1.21M | 0.00M | 0.00M | 0.00M | 0.00M | 0.50M |
| Tax Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Non-Current Assets | 0.00M | 1.45M | 2.06M | 2.05M | 3.45M | 1.41M | 0.12M | 0.12M | 0.00M |
| Other Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Assets | 23.48M | 24.36M | 26.99M | 22.73M | 21.01M | 3.81M | 1.72M | 2.03M | 1.88M |
| Total Assets | 725.17M | 734.83M | 592.86M | 355.97M | 301.18M | 252.26M | 267.97M | 10.79M | 25.22M |
| Accounts Payable | 2.30M | 5.27M | 4.60M | 5.45M | 3.34M | 3.65M | 2.15M | 2.09M | 0.50M |
| Short-Term Debt | 2.32M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Tax Payables | 0.00M | 6.32M | 0.00M | 0.00M | 0.05M | 0.11M | 0.19M | 0.04M | 0.28M |
| Deferred Revenue | 0.16M | 0.93M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 10.00M |
| Other Current Liabilities | 10.37M | 8.51M | 10.55M | 10.38M | 5.56M | 2.58M | 1.73M | 1.02M | 0.48M |
| Total Current Liabilities | 15.14M | 21.03M | 15.15M | 15.83M | 8.95M | 6.33M | 4.06M | 3.15M | 11.26M |
| Long-Term Debt | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Capital Lease Obligations | 0.00M | 17.95M | 18.86M | 14.44M | 13.27M | 1.09M | 0.90M | 1.28M | 0.79M |
| Deferred Tax Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Non-Current Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.06M | 5.08M | 2.56M |
| Total Non-Current Liabilities | 0.00M | 17.95M | 18.86M | 14.44M | 13.27M | 1.09M | 0.96M | 6.35M | 3.35M |
| Total Liabilities | 15.14M | 38.98M | 34.01M | 30.27M | 22.22M | 7.43M | 5.02M | 9.50M | 14.61M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 19.94M | 19.94M |
| Common Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained Earnings | -458.30M | -451.02M | -568.78M | -381.43M | -228.43M | -123.76M | -65.01M | -19.65M | -7.31M |
| Accumulated OCI | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -0.25M |
| Minority Interest | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Shareholders’ Equity | -458.30M | -451.02M | -568.78M | -381.42M | -228.43M | -123.75M | -65.01M | 0.29M | 12.38M |
| Total Equity | -458.30M | -451.02M | -568.78M | -381.42M | -228.43M | -123.75M | -65.01M | 0.29M | 12.38M |
| Total Liabilities & Equity | -443.16M | -412.04M | -534.77M | -351.15M | -206.22M | -116.33M | -59.99M | 9.79M | 27.00M |
| Tangible Assets | 725.17M | 734.83M | 592.86M | 355.97M | 301.18M | 252.26M | 267.97M | 10.79M | 25.22M |
| Tangible Equity | -458.30M | -451.02M | -568.78M | -381.42M | -228.43M | -123.75M | -65.01M | 0.29M | 12.38M |
| Tangible Book Value | -458.30M | -451.02M | -568.78M | -381.42M | -228.43M | -123.75M | -65.01M | 0.29M | 12.38M |
| Total Investments | 1.45M | 0.00M | 1.45M | 1.21M | 0.00M | 0.00M | 0.00M | 0.00M | 0.50M |
| Net Debt | -691.15M | -690.22M | -559.93M | -331.15M | -279.05M | -230.04M | -265.88M | -7.02M | -23.26M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Working Capital | 695.2M | 698.1M | 561.4M | 322.9M | 269.2M | 239.6M | 260.5M | 4.4M | 14.1M |
| Total Capital | 721.0M | 724.7M | 590.4M | 346.7M | 290.7M | 244.3M | 262.6M | 1.8M | 13.5M |
| Capital Employed | 718.7M | 722.5M | 588.4M | 345.7M | 290.2M | 243.4M | 262.3M | 6.5M | 15.9M |
| Invested Capital | 27.5M | 34.5M | 30.5M | 15.5M | 11.6M | 14.2M | -3.3M | -5.3M | -9.7M |
Cash Flow Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | 64.45M | -181.57M | -187.35M | -152.99M | -104.68M | -58.74M | -45.36M | -12.34M | -1.34M |
| Depreciation & Amortization | 1.44M | 1.14M | 1.23M | 0.82M | 0.67M | 0.38M | 0.28M | 0.44M | 0.15M |
| Deferred Income Tax | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.05M | 0.00M | 0.00M | 0.00M |
| Stock-Based Compensation | 30.59M | 33.00M | 34.87M | 28.76M | 18.68M | 11.72M | 4.10M | 0.00M | 0.08M |
| Change in Working Capital | -10.04M | 5.53M | -11.44M | -2.65M | 14.31M | -16.07M | 2.28M | -6.72M | 7.95M |
| Accounts Receivable | -3.10M | -0.39M | -2.60M | -0.14M | 18.00M | -18.00M | 0.92M | -0.55M | -0.37M |
| Inventory | 0.00M | 5.85M | 0.00M | -4.51M | 0.00M | 1.04M | -0.92M | 0.00M | 0.00M |
| Accounts Payable | -2.60M | 1.09M | -0.25M | 1.61M | -0.41M | 1.49M | 0.06M | 1.31M | 0.00M |
| Other Working Capital | -4.34M | -1.02M | -8.59M | 0.38M | -3.28M | -0.60M | 2.21M | -7.48M | 7.95M |
| Other Non-Cash Items | 2.35M | 1.58M | 1.82M | 1.56M | 0.95M | 0.52M | 1.82M | 2.62M | 0.19M |
| Net Cash from Operating Activities | 88.79M | -140.32M | -160.87M | -124.51M | -70.06M | -62.15M | -36.89M | -16.00M | 7.04M |
| Capital Expenditures (PPE) | -1.71M | -2.18M | -1.93M | -2.46M | -1.24M | -1.02M | -0.29M | -0.27M | -0.22M |
| Acquisitions (Net) | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Purchases of Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Sales / Maturities of Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Investing Activities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Cash from Investing Activities | -1.71M | -2.18M | -1.93M | -2.46M | -1.24M | -1.02M | -0.29M | -0.27M | -0.22M |
| Net Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Long-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Short-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Stock Issuance | 73.26M | 375.55M | 380.13M | 175.83M | 119.58M | 28.17M | 299.20M | 0.01M | 11.50M |
| Common Stock Issuance | 73.26M | 375.55M | 380.13M | 175.83M | 119.58M | 28.17M | 243.20M | 0.01M | 11.46M |
| Common Stock Repurchased | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 56.00M | 0.00M | 11.50M |
| Net Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | 2.45M | 9.98M | 11.69M | 3.13M | 0.73M | 0.38M | -3.16M | 0.00M | -0.04M |
| Net Cash from Financing Activities | 75.71M | 385.53M | 391.82M | 178.96M | 120.31M | 28.55M | 296.04M | 0.01M | 11.46M |
| Effect of FX on Cash | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.02M | 0.00M |
| Net Change in Cash | 162.79M | 243.03M | 229.02M | 51.98M | 49.01M | -34.62M | 258.86M | -16.24M | 18.29M |
| Cash at Beginning of Period | 2,507.17M | 1,472.19M | 332.36M | 280.38M | 231.37M | 265.99M | 7.14M | 23.26M | 5.10M |
| Cash at End of Period | 2,669.96M | 1,715.22M | 561.38M | 332.36M | 280.38M | 231.37M | 265.99M | 7.02M | 23.39M |
| Operating Cash Flow | 88.79M | -140.32M | -160.87M | -124.51M | -70.06M | -62.15M | -36.89M | -16.00M | 7.04M |
| Capital Expenditure | -1.71M | -2.18M | -1.93M | -2.46M | -1.24M | -1.02M | -0.29M | -0.27M | -0.22M |
| Free Cash Flow | 87.08M | -142.50M | -162.80M | -126.97M | -71.30M | -63.17M | -37.19M | -16.27M | 6.83M |
Free Cash Flow
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 43.93M | -203.20M | -209.60M | -169.13M | -114.12M | -56.00M | -46.05M | -27.47M | -11.50M |
| (-) Tax Adjustment | 4.14M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -0.17M | 0.00M | 0.00M |
| (-) Change In Working Capital | -10.04M | 5.53M | -11.44M | -2.65M | 14.31M | -16.07M | 2.28M | -6.72M | 7.95M |
| (-) Capital Expenditure | -1.71M | -2.18M | -1.93M | -2.46M | -1.24M | -1.02M | -0.29M | -0.27M | -0.22M |
| Unlevered Free Cash Flow | 48.13M | -210.91M | -200.10M | -168.94M | -129.67M | -40.95M | -48.45M | -21.02M | -19.66M |
| (-) Net Interest Income After Taxes | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -0.01M | 0.01M |
| Net Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Levered Free Cash Flow | 48.13M | -210.91M | -200.10M | -168.94M | -129.67M | -40.95M | -48.45M | -21.01M | -19.67M |