KALV (KALV)
KalVista Pharmaceuticals, Inc.
NASDAQ:KALVHealthcare · Biotechnology
Mkt Cap-
Float34.75M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$73.62M
Net Income-$164.29M
Total Assets$335.38M
Free Cash Flow-$83.33M
Debt & Equity
Debt 102%
Total Debt$151.57M
Total Equity-$2.71M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in KALV's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$335.38M
Liabilities$338.09M
Accounts Receivable$11.3M
Accounts Payable$8.27M
Inventory$3.43M
PP&E (Net)$12.86M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 | 2019-04-30 | 2018-04-30 | 2017-04-30 | 2016-04-30 | 2015-04-30 | 2013-12-31 | 2012-12-31 |
| Revenue | $73.62M | $0 | $0 | $0 | $0 | $0 | $12.69M | $16.13M | $8.39M | $1.5M | $2.13M | $1.8M | $415K | $1.54M |
| YoY Growth | - | - | - | - | - | - | -21.3% | 92.1% | 458.1% | -29.5% | 18.2% | 334.7% | -73.0% | - |
| Cost of Revenue | $6.08M | $0 | $86.17M | $0 | $0 | $41.29M | $40.19M | $35K | $18K | $13K | $15K | $8K | $0 | $0 |
| Gross Profit | $67.54M | $0 | -$86.17M | $0 | $0 | -$41.29M | -$27.5M | $16.09M | $8.38M | $1.49M | $2.12M | $1.8M | $415K | $1.54M |
| Gross Margin | 91.7% | - | - | - | - | - | -216.7% | 99.8% | 99.8% | 99.2% | 99.3% | 99.5% | 100.0% | 100.0% |
| Research and Development | $55.64M | $71.71M | $86.17M | $80.28M | $70.17M | $41.29M | $40.19M | $35.02M | $18.24M | $12.67M | $14.66M | $8.29M | $4.23M | $1.96M |
| Selling, General, and Administrative | $183.74M | $116.29M | $54.28M | $30.59M | $26.45M | $16.64M | $13.03M | $10.93M | $8.86M | $11.18M | $2.65M | $1.61M | $1.4M | $1.41M |
| Other | $0 | $0 | -$86.17M | $0 | $0 | -$41.29M | -$40.19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $239.38M | $188M | $54.28M | $110.87M | $96.61M | $16.64M | $13.03M | $45.95M | $27.1M | $23.84M | $17.31M | $9.89M | $5.63M | $3.37M |
| Operating Income (EBIT) | -$171.84M | -$188M | -$140.44M | -$110.87M | -$96.61M | -$57.92M | -$40.53M | -$29.82M | -$18.7M | -$22.34M | -$15.18M | -$8.09M | -$5.22M | -$1.83M |
| Operating Margin | -233.4% | - | - | - | - | - | -319.4% | -184.9% | -222.8% | -1485.3% | -711.7% | -448.4% | -1256.9% | -119.2% |
| Interest Expense | $19.34M | $5.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $405K | $256K |
| Interest Income | $8.68M | $6.43M | $3.9M | $2.23M | $1.09M | $903K | $1.83M | $1.4M | $82K | $36K | $50K | $19K | $2K | $1K |
| Other Income (Expense) | $420K | $7.94M | $5.35M | $17.96M | $14.27M | $11.68M | $11.54M | $9.13M | $2.9M | $3.74M | $3.75M | $863K | -$462K | -$220K |
| Income Before Tax (EBT) | -$171.42M | -$180.05M | -$135.1M | -$92.91M | -$82.34M | -$46.24M | -$28.99M | -$20.69M | -$15.8M | -$18.6M | -$11.44M | -$7.23M | -$5.68M | -$2.05M |
| Income Tax Expense | -$7.13M | $3.39M | -$8.45M | $0 | $0 | $0 | $124K | $124K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$164.29M | -$183.44M | -$126.64M | -$92.91M | -$82.34M | -$46.24M | -$29.12M | -$20.82M | -$15.8M | -$18.6M | -$11.44M | -$7.23M | -$5.68M | -$2.05M |
| Net Income Margin | -223.2% | - | - | - | - | - | -229.4% | -129.1% | -188.3% | -1236.9% | -536.1% | -400.6% | -1368.2% | -133.5% |
| Supplementary Data | ||||||||||||||
| EPS | -3.23 | -3.69 | -3.44 | -3.33 | -3.36 | -2.33 | -1.64 | -1.38 | -1.53 | -1.92 | -2.40 | -6.17 | -7.83 | -2.83 |
| Diluted EPS | -3.23 | -3.69 | -3.44 | -3.33 | -3.36 | -2.33 | -1.64 | -1.38 | -1.53 | -1.92 | -2.40 | -6.17 | -7.83 | -2.83 |
| Weighted Average OS | 50.90M | 49.65M | 36.79M | 27.89M | 24.47M | 19.09M | 17.75M | 15.08M | 10.32M | 9.71M | 4.77M | 1.17M | 724,800 | 724,800 |
| EBITDA | -$150.62M | -$173.33M | -$134.28M | -$94.37M | -$80.75M | -$57.39M | -$40.02M | -$29.44M | -$18.52M | -$22.3M | -$15.15M | -$8.05M | -$5.25M | -$1.76M |
| EBITDA Margin | -204.6% | - | - | - | - | - | -315.4% | -182.6% | -220.7% | -1482.6% | -710.2% | -446.3% | -1264.1% | -114.4% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 | 2019-04-30 | 2018-04-30 | 2017-04-30 | 2016-04-30 | 2015-04-30 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $229.34M | $98.64M | $31.79M | $56.24M | $30.73M | $50.59M | $15.79M | $32.01M | $51.05M | $30.95M | $21.76M | $3.9M | $9.78M | $8.24M |
| Short-Term Investments | $70.87M | $89M | $178.61M | $93.14M | $135.47M | $198.34M | $51.92M | $68.81M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $300.21M | $187.65M | $210.4M | $149.38M | $166.2M | $248.93M | $67.71M | $100.81M | $51.05M | $30.95M | $21.76M | $3.9M | $9.78M | $8.24M |
| Accounts Receivable | $11.3M | $15.14M | $10.87M | $18.64M | $16.81M | $11.72M | $16.53M | $11.31M | $6.83M | $2.55M | $356K | $0 | $0 | $0 |
| Inventory | $3.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$235 | $0 | $0 |
| Other Current Assets | $0 | $19.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $320.15M | $241.69M | $225.69M | $172.33M | $193.65M | $264.26M | $88.7M | $115.55M | $59.38M | $34.25M | $24.67M | $4.59M | $9.91M | $8.32M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $12.86M | $1.99M | $9.15M | $10.77M | $10.04M | $7.55M | $3.65M | $2.41M | $1.84M | $97K | $74K | $180K | $75K | $84K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $199K | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $2.37M | $7.09M | $567K | $106K | $193K | $200K | $178K | $173K | $173K | $0 | -$199K | $1.88M | $120K | $120K |
| Total Long-Term Assets | $15.23M | $9.08M | $9.71M | $10.88M | $10.23M | $7.75M | $3.83M | $2.59M | $2.01M | $97K | $74K | $2.06M | $195K | $204K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $335.38M | $250.77M | $235.4M | $183.2M | $203.88M | $272.01M | $92.53M | $118.13M | $61.39M | $34.34M | $24.75M | $6.64M | $10.11M | $8.53M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $8.27M | $4.88M | $9.11M | $4.82M | $3.64M | $1.98M | $1.68M | $2.86M | $1.43M | $1.15M | $1.01M | $1.02M | $462K | $147K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.43M | $3.06M | $2.69M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $11M | $0 | $0 | $0 | $0 | $0 | $9.54M | $18.48M | $0 | $29K | $29K | $29K | $23K |
| Other Current Liabilities | $36.8M | $0 | $6.69M | $4.21M | $4.17M | $3.51M | $0 | $0 | $0 | $0 | $1.49M | $882K | $195K | $96K |
| Total Current Liabilities | $57.35M | $45.17M | $22.81M | $15.03M | $11.58M | $9.77M | $7.72M | $18.05M | $23.22M | $3.02M | $3.25M | $7.09M | $3.95M | $3.07M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $139.23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.13M | $0 | $0 |
| Long-Term Unearned Revenue | $11.71M | $105.88M | $0 | $0 | $0 | $0 | $0 | $3.34M | $0 | $0 | $56K | $85K | $114K | $114K |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.15M | $3.27M | $0 | $0 |
| Other Long-Term Liabilities | $119.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.86M | $0 | -$56K | $38.24M | $39.75M | $33.63M |
| Total Long-Term Liabilities | $280.73M | $110.21M | $6.01M | $7.14M | $7.21M | $5.05M | $1.06M | $3.34M | $10.92M | $1.15M | $1.01M | $43.73M | $39.86M | $33.75M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.15M | -$1.01M | $0 | $0 | $0 |
| Total Liabilities | $338.09M | $155.38M | $28.82M | $22.18M | $18.79M | $14.82M | $8.78M | $21.39M | $34.14M | $3.02M | $3.25M | $50.83M | $43.81M | $36.81M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $58.61M | $26K | $0 | $0 |
| Common Stock | $51K | $50K | $42K | $34K | $25K | $24K | $18K | $17K | $11K | $10K | $3K | $1K | $2K | $2K |
| Retained Earnings | -$762.69M | -$653.17M | -$469.73M | -$343.08M | -$250.18M | -$167.84M | -$121.59M | -$92.48M | -$71.66M | -$55.85M | -$37.25M | -$47.77M | -$34.42M | -$28.74M |
| Comprehensive Income & Other | -$7.13M | -$5.21M | -$3.49M | -$3.06M | -$3.86M | -$1.43M | -$1.88M | -$1.93M | -$1.11M | -$2.64M | -$75K | -$495K | -$441K | -$414K |
| Other Stockholders' Equity | $759.93M | $748.51M | $676.27M | $504.07M | $435.24M | $425M | $205.33M | $189.2M | $98.9M | $87.17M | $58.74M | $3.59M | $706K | $451K |
| Total Equity | -$2.71M | $95.39M | $206.58M | $161.03M | $185.09M | $257.19M | $83.75M | $96.74M | $27.25M | $31.33M | $21.5M | -$44.18M | -$33.71M | -$28.29M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $335.38M | $250.77M | $235.4M | $183.2M | $203.88M | $272.01M | $92.53M | $118.13M | $61.39M | $34.34M | $24.75M | $6.64M | $10.11M | $8.53M |
| Supplementary Data | ||||||||||||||
| Total Debt | $151.57M | $6.31M | $7.32M | $8.23M | $8.19M | $5.91M | $1.65M | $54K | $279K | $0 | $4.61M | $6.57M | $3.06M | $2.69M |
| Net Debt | -$77.77M | -$92.34M | -$24.47M | -$48.01M | -$22.54M | -$44.68M | -$14.14M | -$31.95M | -$50.78M | -$30.95M | -$17.16M | $2.67M | -$6.72M | -$5.56M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 | 2019-04-30 | 2018-04-30 | 2017-04-30 | 2016-04-30 | 2015-04-30 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$164.29M | -$183.44M | -$126.64M | -$92.91M | -$82.34M | -$46.24M | -$29.12M | -$20.82M | -$15.8M | -$18.6M | -$11.44M | -$7.23M | -$5.68M | -$2.05M |
| Depreciation & Amortization | $1.45M | $941K | $816K | $718K | $564K | $537K | $512K | $378K | $180K | $40K | $33K | $38K | $27K | $38K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | -$33K | $0 | $0 | $0 | $0 | $0 | $63K | -$6K |
| Stock-Based Compensation | $0 | $12.29M | $21.91M | $9.92M | $0 | $7.12M | $4.45M | $2.97M | $1.06M | $394K | $118K | $36K | $238K | $47K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$7.4M | -$3.62M | $8.18M | -$2.32M | -$5.2M | $7.46M | -$5.78M | -$4.88M | -$3.94M | -$571K | -$137 | $65 | $0 | $0 |
| Inventory | -$3.43M | $0 | $0 | $0 | $0 | $0 | $5.78M | $4.88M | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $4.19M | -$4.97M | $4.32M | $1.11M | $1.69M | $150K | -$1M | $1.53M | $217K | -$1.6M | $374K | $167K | $315K | -$8K |
| Other Working Capital | $7.59M | $23.63M | $2.67M | $8.62M | -$8.81M | $739K | -$19.64M | -$20.32M | $25.56M | -$2.58M | -$584K | $617K | $145K | $43K |
| Total Working Capital Change | $954K | $15.04M | $15.17M | $7.41M | -$12.32M | $8.35M | -$20.64M | -$18.79M | $25.77M | -$4.18M | -$210K | $784K | $460K | $35K |
| Other Non-Cash Items | $80.26M | $2.27M | -$485K | -$407K | $15.96M | $72K | $13K | -$103K | -$651K | -$1.37M | -$1.66M | $167 | $32K | $104K |
| Net Cash from Operating | -$81.62M | -$152.91M | -$89.23M | -$75.26M | -$78.13M | -$30.17M | -$44.82M | -$36.37M | $10.56M | -$23.72M | -$13.16M | -$6.37M | -$4.86M | -$1.83M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$1.9M | -$929K | -$42K | -$1.2M | -$931K | -$82K | -$220K | -$1.08M | -$1.43M | -$74K | -$11K | -$125K | -$18K | -$91K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | -$16.75M | $69.42M | $0 | $34.14M | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$84.78M | -$30.57M | -$189.23M | -$98.25M | -$136.92M | -$201.21M | -$49.8M | -$79.89M | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $105.36M | $122.52M | $104.95M | $140.86M | $195.71M | $53.64M | $66.77M | $11.55M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$401K | $0 | $0 | $0 | $16.75M | -$69.42M | -$1.43M | $34.14M | -$715K | $0 | $0 | $0 |
| Net Cash from Investing | $18.68M | $91.02M | -$84.72M | $41.41M | $57.86M | -$147.65M | $16.75M | -$69.42M | -$1.43M | $34.06M | -$11K | -$125K | -$18K | -$91K |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$160.72M | -$98.04M | - | - | - | - | $54K | $209K | $151K | - | - | - | -$388K | $389K |
| Common Stock Issuance | $1.92M | $61.69M | $96.94M | $56.58M | $1.58M | $210.58M | $11.42M | $87.91M | $9.14M | $2K | $1K | $1K | $17K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $53.77M | $1.53M | $0 | $1.53M | $216K | $242K | $0 | $2K | $33M | $8.66M | $0 | $0 |
| Net Cash from Financing | $162.64M | $159.73M | $150.71M | $58.12M | $1.58M | $212.12M | $11.58M | $87.94M | $8.99M | $2K | $33M | $8.66M | $6.42M | $5.56M |
| Forex Effect | -$1.98M | $1.98M | -$1.21M | $1.24M | -$1.17M | $511K | $262K | -$1.21M | $1.99M | -$1.16M | -$598K | -$124K | $0 | $0 |
| Net Change in Cash | $97.73M | $99.83M | -$24.45M | $25.51M | -$19.86M | $34.8M | -$16.22M | -$19.05M | $20.11M | $9.19M | $19.24M | $2.04M | $1.54M | $3.64M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$81.62M | -$152.91M | -$89.23M | -$75.26M | -$78.13M | -$30.17M | -$44.82M | -$36.37M | $10.56M | -$23.72M | -$13.16M | -$6.37M | -$4.86M | -$1.83M |
| Capital Expenditure | -$1.71M | -$434K | -$443K | -$1.2M | -$931K | -$82K | -$220K | -$1.08M | -$1.43M | -$74K | -$11K | -$125K | -$18K | -$91K |
| Free Cash Flow | -$83.33M | -$153.34M | -$89.67M | -$76.46M | -$79.06M | -$30.25M | -$45.04M | -$37.45M | $9.13M | -$23.8M | -$13.17M | -$6.49M | -$4.88M | -$1.93M |
| Cash at Beginning | $131.62M | $31.79M | $56.24M | $30.73M | $50.59M | $15.79M | $32.01M | $51.05M | $30.95M | $21.76M | $2.53M | $481K | $8.24M | $4.6M |
| Cash at End | $229.34M | $131.62M | $31.79M | $56.24M | $30.73M | $50.59M | $15.79M | $32.01M | $51.05M | $30.95M | $21.76M | $2.53M | $9.78M | $8.24M |