NASDAQ$KYMR

Kymera Therapeutics Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported financial results for the fourth quarter and full year ended December 31, 2024, and provided business highlights and updates on its pipeline.

Kymera Therapeutics reported collaboration revenues of $7.4 million for Q4 2024. The company's research and development expenses were $71.8 million, and general and administrative expenses were $16.3 million. Net loss for the quarter was $70.8 million. The company's cash and cash equivalents totaled $851 million as of December 31, 2024.

  • KT-621 Phase 1 healthy volunteer trial ongoing, complete SAD/MAD data expected in June 2025.
  • KT-621 Phase 1b trial in atopic dermatitis (AD) patients expected to initiate in 2Q25 with data in 4Q25, followed by two parallel Phase 2b trials in AD and asthma starting in 4Q25 and 1Q26, respectively.
  • KT-295 (TYK2) Phase 1 trial is expected to start in 2Q25, with data expected in 4Q25.
  • Well-capitalized with $851 million in cash as of December 31, 2024, and runway into mid-2027.

Headline financials

Total Revenue

$7.39M

Previous: $47.9M-84.6%
EPS (adj)

-$0.88

Previous: -$0.25-252.0%
R&D Expenses

$71.8M

No prior period
G&A Expenses

$16.3M

No prior period
Weighted Avg Shares

80.0M

No prior period
Capital Expenditures

-$936K

Previous: -$11.6M+91.9%
Net Income

-$70.8M

Previous: -$14.4M-392.4%
Operating Income

-$80.8M

Previous: -$19.3M-318.2%
Gross Profit

$5.42M

Previous: $47M-88.5%
R&D Expense

$69.8M

Previous: $52.1M+34.0%

Revenue & EPS history

Kymera Therapeutics · Revenue · Quarterly

$7.39M

Q4 2024-84.6%vs Q4 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Kymera anticipates a cash runway into mid-2027.

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 2024

Historical avgQ4 2024

+1.0%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.3%

Avg return

30 days after

55%

12 / 22 earnings

Positive

+23.5%

Q3 2023

Best reaction

-32.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%+1.5%-0.2%
Q4 2025+4.8%-4.8%-13.8%
Q3 2025+0.3%-1.8%+10.9%
Q1 2025-2.0%-3.3%+54.8%
Q4 2024-14.5%-13.2%-16.2%
Q3 2024-2.5%+0.0%-1.7%
Q2 2024+1.4%+2.6%+9.6%
Q1 2024+3.2%+6.1%-11.4%
Q4 2023+8.2%+12.7%+5.3%
Q3 2023+23.5%+41.6%+79.8%
Q2 2023+5.0%-7.4%-7.6%
Q1 2023-6.1%-10.3%-12.5%
Q4 2022-0.2%-0.5%-7.0%
Q3 2022+7.3%+5.5%+7.1%
Q2 2022+8.3%+7.4%-8.5%
Q1 2022-32.7%-41.8%-55.3%
Q4 2021+11.4%+7.1%+12.4%
Q3 2021-3.6%-6.5%-19.1%
Q2 2021-3.3%-8.9%-3.6%
Q1 2021+6.8%+9.1%+15.7%
Q4 2020-2.2%+2.3%-41.7%
Q3 2020+8.7%+14.6%+32.2%
Q2 2020
Q1 2020
Q4 2019
Q3 2019

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