NASDAQ$KALV

KalVista Pharmaceuticals Inc · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

KalVista Pharmaceuticals reported preliminary unaudited global net product revenue for EKTERLY of approximately $35 million in the fourth quarter of 2025.

The company launched EKTERLY in July 2025 and achieved strong initial adoption with 1,318 patient start forms received in the US through December. Refills surpassed initial prescriptions as the primary revenue driver in Q4. Partnerships were expanded to Latin America via Multicare Pharma.

  • EKTERLY generated $35 million in Q4 2025 global net product revenue and $49 million for full year 2025.
  • 1,318 patient start forms and 580 unique prescribers activated in the US by year end.
  • Regulatory approvals secured in seven markets including US, EU, UK, and Japan.
  • Phase 3 KONFIDENT-KID enrollment completed ahead of schedule with NDA filing planned for Q3 2026.

Headline financials

Total Revenue

$35M

Previous: $50M-30.0%
Patient start forms

1.3K

No prior period

Revenue & EPS history

KalVista · Revenue · Quarterly

$35M

Q2 2026-30%vs Q2 2025
Beat estimate in 1 of 4 quarters(25%)
ActualEstimate

Revenue by segment

KalVista · $35M total across 1 segment · Q2 2026

  • EKTERLY
    $35M

Forward guidance

Company plans to file NDA for pediatric patients aged 2-11 in Q3 2026 with US launch anticipated in 2027 and expand into additional major markets during 2026.

Tailwinds

  • Strong early adoption in US and Germany.
  • Refills now primary revenue driver.
  • Multiple regulatory approvals secured.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

-0.2%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.9%

Avg return

30 days after

50%

22 / 44 earnings

Positive

+20.3%

Q4 2018

Best reaction

-26.3%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+6.2%-3.7%-5.8%
Q3 2026+1.1%+26.3%+56.4%
Q1 2026-3.8%-12.3%-25.3%
Q4 2025-3.1%-5.1%-22.4%
Q3 2025+2.0%-2.6%+5.1%
Q2 2025-4.2%-0.2%-4.5%
Q1 2025-4.5%-13.2%-12.1%
Q4 2024+3.7%+21.3%+2.6%
Q3 2024-13.0%-16.9%-16.9%
Q2 2024-9.0%+8.8%+26.8%
Q1 2024-4.0%-4.2%-12.2%
Q4 2023+17.0%+7.6%+23.5%
Q3 2023-10.4%-1.3%+2.7%
Q2 2023+9.8%+7.3%+27.8%
Q1 2023+1.4%-2.5%-68.4%
Q4 2022+10.6%+18.0%+37.5%
Q3 2022-9.3%-14.6%-16.4%
Q2 2022-0.4%-2.9%-4.2%
Q1 2022-0.6%-6.0%-14.4%
Q4 2021-3.0%-2.9%-14.0%
Q3 2021+3.4%+8.9%-16.8%
Q2 2021+5.2%+5.1%-7.0%
Q1 2021+2.0%+1.3%+9.8%
Q4 2020+7.2%+4.2%-18.8%
Q3 2020-26.3%-41.2%-20.9%
Q2 2020-1.8%-5.7%+18.9%
Q1 2020+8.7%+1.0%-29.4%
Q4 2019-0.5%+1.4%-6.7%
Q3 2019+10.4%+7.6%-0.2%
Q2 2019-14.0%-21.2%-15.5%
Q1 2019+9.6%+4.6%+20.6%
Q4 2018+20.3%+29.8%+94.0%
Q3 2018+4.7%+11.7%+0.8%
Q2 2018-4.8%-12.3%+0.2%
Q1 2018-21.5%-23.6%+9.8%
Q4 2017-0.8%-2.7%-11.6%
Q3 2017+1.9%-1.0%-12.2%
Q2 2017-1.9%-2.9%-1.6%
Q1 2017+0.4%+13.1%-13.3%
Q4 2016-3.2%
Q3 2016+7.1%
Q2 2016-3.2%
Q1 2016+1.3%
Q4 2015+2.4%
Q3 2015
Q2 2014
Q1 2014
Q4 2014
Q3 2013

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