15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 9.5% per year over the past 5 years.
Operating margin has contracted, at -695.4% in the latest year.
Financial health
Total debt ($288M) exceeds cash ($123M); net debt is $165M.
Total debt has grown faster than revenue (44.1% vs 9.5% per year).
Operating income covered interest expense -13.4× in the latest year, down from -5.9× 5 years ago.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$88M
-$785M
0.0%
-695.4%
-$535M
$288M
$123M
2024
$18M
-$590M
0.0%
-2902.7%
-$400M
$620M
$95M
2023
$8M
-$526M
0.0%
-6589.7%
-$416M
$639M
$113M
2022
$95M
-$389M
0.0%
-342.8%
-$311M
$650M
$66M
2021
$70M
-$215M
0.0%
-264.5%
-$191M
$47M
$113M
2020
$56M
-$127M
0.0%
-168.3%
-$2M
$46M
$83M
2019
$27M
-$122M
0.0%
-368.0%
-$94M
$45M
$36M
2018
$32M
-$106M
0.0%
-282.3%
-$102M
$42M
$42M
2017
$13M
-$128M
0.0%
-848.3%
-$105M
$32M
$125M
2016
—
$16M
—
—
—
$30M
$67M
2015
—
-$38M
—
—
—
$15M
$65M
2014
—
-$15M
—
—
—
$0
$20M
2013
—
-$34M
—
—
-$8M
—
$20M
2013
—
-$489M
—
—
-$402M
—
$19M
2013
—
-$477M
—
—
-$412M
—
$17M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$19M
-$206M
0.0%
-948.7%
-$151M
$292M
$130M
Dec '25
$18M
-$183M
0.0%
-1004.6%
-$148M
$288M
$123M
Sep '25
$2M
-$306M
0.0%
-8613.4%
-$117M
$1.0B
$225M
Jun '25
$67M
-$134M
0.0%
-167.0%
-$132M
$610M
$75M
Mar '25
$2M
-$161M
0.0%
-9856.3%
-$137M
$610M
$74M
Dec '24
$17M
-$150M
0.0%
-821.4%
-$67M
$620M
$95M
Sep '24
$463000
-$161M
0.0%
-30410.6%
-$102M
$620M
$47M
Jun '24
$249000
-$143M
0.0%
-52277.9%
-$101M
$629M
$190M
Mar '24
$835000
-$136M
0.0%
-15118.0%
-$130M
$630M
$120M
Dec '23
$2M
-$137M
0.0%
-7620.7%
-$74M
$639M
$113M
Sep '23
$378000
-$129M
0.0%
-32345.2%
-$96M
$61M
$100M
Jun '23
$867000
-$129M
0.0%
-14077.2%
-$123M
$62M
$69M
Mar '23
$5M
-$131M
0.0%
-2698.3%
-$123M
$64M
$102M
Dec '22
$2M
-$137M
0.0%
-6491.1%
-$101M
$650M
$66M
Sep '22
$3M
-$142M
0.0%
-4311.8%
-$90M
$64M
$106M
Jun '22
$89M
-$20M
0.0%
-12.2%
-$91M
$62M
$94M
Mar '22
$1M
-$89M
0.0%
-6782.0%
-$28M
$61M
$115M
Dec '21
$56M
-$31M
0.0%
-39.0%
-$62M
$47M
$113M
Sep '21
$5M
-$76M
0.0%
-1272.8%
-$54M
$47M
$91M
Jun '21
$3M
-$62M
0.0%
-1927.4%
-$38M
$47M
$37M
Valuation over time
How the market has priced CYTK against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 46.2× (Mar '23) to 114.2× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is CYTK growing its revenue and profit?
Over the past 5 years, Cytokinetics Inc's revenue has grown 9.5% per year. These are computed facts, not advice.
How much debt does CYTK have?
As of FY2025, Cytokinetics Inc reported $288M of total debt against $123M of cash; operating income covered interest expense -13.4×.
What is CYTK's profit margin?
In FY2025, gross margin was —, operating margin -695.4%, and net margin -891.6%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.