NASDAQ$KALV

KalVista Pharmaceuticals Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

KalVista Pharmaceuticals reported Q4 2025, net loss of $183.4M, diluted EPS of $-3.69.

For Q4 2025, KalVista Pharmaceuticals reported a net loss of $183.4M, diluted EPS was $-3.69. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Net loss $183.4M.
  • Diluted EPS $-3.69.
  • KalVista Pharmaceuticals MD&A highlights liquidity, capital, and core trends.
  • Segment and macro factors shape year-over-year comparisons.

Headline financials

Total Revenue

$0.00

Previous: $1.21M-100.0%
EPS (adj)

-$3.69

Previous: -$1.02-261.8%
R&D Expenses

$71.7M

Previous: $25.3M+183.4%
Interest Income

$6.44M

No prior period
FX Loss

$2.48M

No prior period
Other Income

$7.94M

No prior period
Income Tax Expense

$3.39M

No prior period
Net Income

-$183M

Previous: -$44.7M-310.4%
Operating Income

-$188M

Previous: -$48.5M-288.0%

Revenue & EPS history

KalVista · Revenue · Quarterly

$0

Q4 2025-100%vs Q4 2024
Beat estimate in 1 of 3 quarters(33%)
ActualEstimate

Forward guidance

Clinical-stage and growth biotech discuss trial milestones, launch readiness, and cash runway.

Tailwinds

  • Pipeline and regulatory milestones.
  • Cash runway from recent financings.
  • Partnership or licensing potential.

Headwinds

  • Trial or approval delays.
  • Commercial launch execution risk.
  • Dilution from equity raises.

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 Q4 2025

Historical avgQ4 2025

-0.3%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.7%

Avg return

30 days after

49%

21 / 43 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
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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