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Cytokinetics (CYTK) FY2024 results: revenue $18 million, up 145.3% on the year

Cytokinetics Inc. (CYTK) reported revenue of $18 million for fiscal 2024, the year ended 31 December 2024, up 145.3% on the year before. Net income was -$590 million, and diluted earnings per share $-5.26. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.

Revenue
$18 million
+145.3% on the year
FY2017FY2024
Operating margin
-2902.7%
-6589.7% a year earlier
FY2017FY2024
Net income
-$590 million
FY2017FY2024
Diluted EPS
-$5.26
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue18.57.594.6+145.3%
Research and development339330241+2.8%
Operating income-536-496-324
Operating margin-2902.7%-6589.7%-342.8%
Interest expense37.728.319.4+33.2%
Income tax0.00.00.0
Net income-590-526-389
Net margin-3191.1%-6988.6%-411.2%
Diluted EPS-$5.26-$5.45-$4.33
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow-396-414-300
Capital expenditure3.91.411.3+175.8%
Free cash flow-400-416-311
Free cash flow margin-2164.1%-5521.2%-328.6%
Cash from investing-553239-262
Cash from financing931221516+320.5%
Depreciation and amortisation9.511.95.8-19.9%
Share-based compensation97.872.147.9+35.8%
Diluted shares, weighted112m97m90m+16.0%
Shares outstanding at period end118m102m95m+16.3%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity-135-386-108
Debt657639650+2.8%
Operating lease liabilities113120127-6.5%
Other liabilities767451346+70.2%
Total liabilities and equity1,4028241,015+70.0%
Fixed assets65.868.780.5-4.3%
Investments1,126542764+107.7%
Cash and equivalents94.911365.6-16.1%
Receivables16.61.30.1+1,197.7%
Other assets98.198.9105-0.8%
Total assets1,4028241,015+70.0%

10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.