CYTK Chart
About

Cytokinetics, Incorporated, a late-stage biopharmaceutical company, focuses on discovering, developing, and commercializing muscle activators and inhibitors as potential treatments for debilitating diseases in the United States. The company develops small molecule drug candidates primarily engineered to impact muscle function and contractility. Its drug candidates include omecamtiv mecarbil, a novel cardiac myosin activator that is in Phase III clinical trial in patients with heart failure. It also develops CK- 089, a fast skeletal muscle troponin activator that is in Phase I clinical trial; CK-586, a small molecule cardiac myosin inhibitor, that is in Phase II clinical trial; and aficamten, a novel, oral, small molecule cardiac myosin inhibitor which is in Phase III clinical trial discovered for the treatment of hypertrophic cardiomyopathy. It has a strategic alliance with Ji Xing Pharmaceuticals Limited; and a collaboration and license agreement for the development and commercialization of aficamten in Japan for the treatment of patients with obstructive and non-obstructive hypertrophic cardiomyopathy. Cytokinetics, Incorporated was incorporated in 1997 and is headquartered in South San Francisco, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 8.57B
Enterprise Value 8.96B Income -751.94M Sales 87.21M
Book/sh -4.26 Cash/sh 7.87 Dividend Yield —
Payout 0.00% Employees 498 IPO —
P/E — Forward P/E -14.84 PEG —
P/S 98.28 P/B -16.45 P/C —
EV/EBITDA -15.90 EV/Sales 102.72 Quick Ratio 6.78
Current Ratio 6.88 Debt/Eq — LT Debt/Eq —
EPS (ttm) -6.30 EPS next Y -4.72 EPS Growth —
Revenue Growth 3.18% Earnings 2026-05-06 ROA -24.93%
ROE — ROIC — Gross Margin 0.00%
Oper. Margin -86.13% Profit Margin 0.00% Shs Outstand 122.26M
Shs Float 121.34M Short Float 14.10% Short Ratio 7.40
Short Interest — 52W High 70.98 52W Low 29.31
Beta 0.55 Avg Volume 1.86M Volume 1.94M
Target Price $90.39 Recom Buy Prev Close $68.26
Price $70.10 Change 2.70%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$90.39
Mean price target
2. Current target
$70.10
Latest analyst target
3. DCF / Fair value
$-47.25
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$70.10
Low
$61.00
High
$136.00
Mean
$90.39

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 main RBC Capital Outperform → Outperform $101
2026-02-03 main Truist Securities Buy → Buy $92
2026-01-21 main B. Riley Securities Buy → Buy $108
2026-01-21 reit RBC Capital Outperform → Outperform $95
2026-01-20 main JP Morgan Overweight → Overweight $74
2025-12-23 main Morgan Stanley Overweight → Overweight $71
2025-12-22 main RBC Capital Outperform → Outperform $95
2025-12-22 main Barclays Overweight → Overweight $87
2025-12-22 main Citizens Market Outperform → Market Outperform $88
2025-12-22 main Needham Buy → Buy $84
2025-12-22 main HC Wainwright & Co. Buy → Buy $136
2025-12-19 up Goldman Sachs Neutral → Buy $95
2025-12-12 reit Needham Buy → Buy $72
2025-11-11 main RBC Capital Outperform → Outperform $87
2025-11-10 reit B. Riley Securities Buy → Buy $90
2025-10-06 main Barclays Overweight → Overweight $82
2025-10-02 main B of A Securities Neutral → Neutral $56
2025-09-29 reit HC Wainwright & Co. Buy → Buy $120
2025-09-22 main B. Riley Securities Buy → Buy $80
2025-09-22 reit HC Wainwright & Co. Buy → Buy $120
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 15000 928950 — Sale at price 61.93 per share. CALLOS ANDREW Officer — 2026-02-05 00:00:00 D
1 15000 348900 — Conversion of Exercise of derivative security at price 23.26 per share. CALLOS ANDREW Officer — 2026-02-05 00:00:00 D
2 886 55021 — Sale at price 62.10 per share. CALLOS ANDREW Officer — 2026-02-02 00:00:00 D
3 886 33340 — Conversion of Exercise of derivative security at price 37.63 per share. CALLOS ANDREW Officer — 2026-02-02 00:00:00 D
4 98 6217 — Stock Award(Grant) at price 63.44 per share. WIERENGA WENDELL Director — 2026-01-15 00:00:00 D
5 197 12498 — Stock Award(Grant) at price 63.44 per share. KAYE EDWARD M Director — 2026-01-15 00:00:00 D
6 334 21189 — Stock Award(Grant) at price 63.44 per share. HENDERSON JOHN TANNAHILL Director — 2026-01-15 00:00:00 D
7 197 12498 — Stock Award(Grant) at price 63.44 per share. DALY JAMES M. Director — 2026-01-15 00:00:00 D
8 98 6217 — Stock Award(Grant) at price 63.44 per share. WYSENSKI NANCY J Director — 2026-01-15 00:00:00 D
9 197 12498 — Stock Award(Grant) at price 63.44 per share. HARRINGTON ROBERT ARTHUR Director — 2026-01-15 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-494.78M-456.68M-307.05M-183.71M
TotalUnusualItems1.30M0.00-24.94M0.00
TotalUnusualItemsExcludingGoodwill1.30M0.00-24.94M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-589.53M-526.24M-388.95M-215.31M
ReconciledDepreciation9.53M11.89M5.81M2.28M
ReconciledCostOfRevenue339.41M330.12M240.81M159.94M
EBITDA-493.48M-456.68M-331.99M-183.71M
EBIT-503.01M-468.58M-337.80M-185.98M
NetInterestIncome-34.98M-30.04M-39.81M-29.00M
InterestExpense86.51M57.67M51.16M29.33M
InterestIncome51.53M27.63M11.34M331.00K
NormalizedIncome-590.83M-526.24M-364.02M-215.31M
NetIncomeFromContinuingAndDiscontinuedOperation-589.53M-526.24M-388.95M-215.31M
TotalExpenses554.72M503.74M418.79M256.74M
TotalOperatingIncomeAsReported-536.25M-496.20M-324.20M-186.31M
DilutedAverageShares111.98M96.52M89.83M76.89M
BasicAverageShares111.98M96.52M89.83M76.89M
DilutedEPS-5.26-5.45-4.33-2.80
BasicEPS-5.26-5.45-4.33-2.80
DilutedNIAvailtoComStockholders-589.53M-526.24M-388.95M-215.31M
NetIncomeCommonStockholders-589.53M-526.24M-388.95M-215.31M
NetIncome-589.53M-526.24M-388.95M-215.31M
NetIncomeIncludingNoncontrollingInterests-589.53M-526.24M-388.95M-215.31M
NetIncomeContinuousOperations-589.53M-526.24M-388.95M-215.31M
PretaxIncome-589.53M-526.24M-388.95M-215.31M
OtherIncomeExpense-18.30M-24.94M
OtherNonOperatingIncomeExpenses-19.60M
SpecialIncomeCharges0.000.00-24.94M0.00
OtherSpecialCharges24.94M
GainOnSaleOfSecurity1.30M
NetNonOperatingInterestIncomeExpense-34.98M-30.04M-39.81M-29.00M
InterestExpenseNonOperating86.51M57.67M51.16M29.33M
InterestIncomeNonOperating51.53M27.63M11.34M331.00K
OperatingIncome-536.25M-496.20M-324.20M-186.31M
OperatingExpense215.31M173.61M177.98M96.80M
ResearchAndDevelopment159.94M
SellingGeneralAndAdministration215.31M173.61M177.98M96.80M
GeneralAndAdministrativeExpense215.31M173.61M177.98M96.80M
OtherGandA215.31M173.61M177.98M96.80M
GrossProfit-320.93M-322.59M-146.22M-89.51M
CostOfRevenue339.41M330.12M240.81M159.94M
TotalRevenue18.47M7.53M94.59M70.43M
OperatingRevenue18.47M7.53M94.59M70.43M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber118.21M101.64M94.83M84.80M
ShareIssued118.21M101.64M94.83M84.80M
NetDebt562.26M504.43M544.99M30.17M
TotalDebt788.68M755.77M750.30M269.93M
TangibleBookValue-135.37M-386.32M-107.90M243.86M
InvestedCapital521.75M231.13M502.68M386.70M
WorkingCapital928.27M525.37M710.57M463.81M
NetTangibleAssets-135.37M-386.32M-107.90M243.86M
CapitalLeaseObligations131.56M138.32M139.72M127.09M
CommonStockEquity-135.37M-386.32M-107.90M243.86M
TotalCapitalization510.23M221.05M501.72M386.70M
TotalEquityGrossMinorityInterest-135.37M-386.32M-107.90M243.86M
StockholdersEquity-135.37M-386.32M-107.90M243.86M
GainsLossesNotAffectingRetainedEarnings2.40M-10.00K-3.59M-869.00K
OtherEquityAdjustments2.40M-10.00K-3.59M-869.00K
RetainedEarnings-2.70B-2.11B-1.59B-1.21B
AdditionalPaidInCapital2.56B1.73B1.48B1.45B
CapitalStock118.00K102.00K94.00K84.00K
CommonStock118.00K102.00K94.00K84.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest1.54B1.21B1.12B597.46M
TotalNonCurrentLiabilitiesNetMinorityInterest1.36B1.11B1.04B525.60M
OtherNonCurrentLiabilities599.19M380.16M301.55M183.53M
NonCurrentDeferredLiabilities0.0087.00M
NonCurrentDeferredRevenue0.0087.00M
LongTermDebtAndCapitalLeaseObligation758.18M727.80M736.51M255.07M
LongTermCapitalLeaseObligation112.58M120.43M126.89M112.23M
LongTermDebt645.60M607.37M609.62M142.84M
CurrentLiabilities179.67M102.68M84.62M71.86M
OtherCurrentLiabilities21.11M10.56M1.12M1.54M
CurrentDeferredLiabilities52.37M0.00
CurrentDeferredRevenue52.37M0.00
CurrentDebtAndCapitalLeaseObligation30.50M27.97M13.79M14.86M
CurrentCapitalLeaseObligation18.98M17.89M12.83M14.86M
CurrentDebt11.52M10.08M958.00K
OtherCurrentBorrowings11.52M10.08M958.00K
PensionandOtherPostRetirementBenefitPlansCurrent35.13M29.25M21.77M14.93M
PayablesAndAccruedExpenses40.56M34.89M47.94M40.53M
CurrentAccruedExpenses20.19M13.39M22.33M19.44M
Payables20.37M21.51M25.61M21.09M
AccountsPayable20.37M21.51M25.61M21.09M
TotalAssets1.40B824.32M1.01B841.32M
TotalNonCurrentAssets293.73M196.26M219.59M305.65M
OtherNonCurrentAssets7.71M8.00M9.69M7.19M
InvestmentsAndAdvances145.06M40.53M46.71M152.05M
InvestmentinFinancialAssets145.06M40.53M46.71M152.05M
AvailableForSaleSecurities145.06M40.53M46.71M152.05M
NetPPE140.97M147.74M163.19M146.41M
AccumulatedDepreciation-37.18M-28.35M-17.09M-16.19M
GrossPPE178.15M176.08M180.28M162.60M
Leases66.87M66.87M65.91M60.34M
ConstructionInProgress4.07M220.00K741.00K224.00K
OtherProperties97.79M99.67M103.67M93.38M
MachineryFurnitureEquipment9.42M9.32M9.96M8.65M
Properties0.000.000.000.00
CurrentAssets1.11B628.05M795.19M535.67M
OtherCurrentAssets15.28M11.94M12.46M12.21M
PrepaidAssets12.21M
Receivables16.65M1.28M147.00K51.82M
AccountsReceivable16.65M1.28M147.00K51.82M
CashCashEquivalentsAndShortTermInvestments1.08B614.82M782.58M471.64M
OtherShortTermInvestments981.16M501.80M717.00M358.97M
CashAndCashEquivalents94.86M113.02M65.58M112.67M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-399.80M-415.75M-310.85M-191.39M
RepaymentOfDebt-9.62M-858.00K-188.93M0.00
IssuanceOfDebt0.000.00523.59M0.00
IssuanceOfCapitalStock706.84M164.23M0.00312.05M
CapitalExpenditure-3.91M-1.42M-11.34M-48.87M
InterestPaidSupplementalData25.97M10.29M15.16M9.18M
EndCashPosition95.23M113.40M67.18M112.67M
BeginningCashPosition113.40M67.18M112.67M82.98M
EffectOfExchangeRateChanges209.00K-20.00K0.000.00
ChangesInCash-18.38M46.24M-45.48M29.68M
FinancingCashFlow930.61M221.32M516.17M319.98M
CashFlowFromContinuingFinancingActivities930.61M221.32M516.17M319.98M
NetOtherFinancingCharges180.37M39.48M163.96M-4.45M
ProceedsFromStockOptionExercised53.02M18.46M17.54M12.38M
NetCommonStockIssuance706.84M164.23M0.00312.05M
CommonStockIssuance706.84M164.23M0.00312.05M
NetIssuancePaymentsOfDebt-9.62M-858.00K334.66M0.00
NetLongTermDebtIssuance-9.62M-858.00K334.66M0.00
LongTermDebtPayments-9.62M-858.00K-188.93M0.00
LongTermDebtIssuance0.000.00523.59M0.00
InvestingCashFlow-553.10M239.25M-262.13M-147.78M
CashFlowFromContinuingInvestingActivities-553.10M239.25M-262.13M-147.78M
NetInvestmentPurchaseAndSale-549.19M240.67M-250.80M-98.91M
SaleOfInvestment744.23M875.88M604.59M426.14M
PurchaseOfInvestment-1.29B-635.21M-855.39M-525.04M
NetPPEPurchaseAndSale-3.91M-1.42M-11.34M-48.87M
PurchaseOfPPE-3.91M-1.42M-11.34M-48.87M
OperatingCashFlow-395.89M-414.33M-299.52M-142.52M
CashFlowFromContinuingOperatingActivities-395.89M-414.33M-299.52M-142.52M
ChangeInWorkingCapital35.66M3.09M-24.70M8.46M
ChangeInOtherWorkingCapital52.37M-87.00M
ChangeInOtherCurrentLiabilities-8.60M-10.99M-2.33M47.12M
ChangeInPayablesAndAccruedExpense9.70M13.62M15.37M16.11M
ChangeInAccruedExpense14.18M17.10M10.84M15.06M
ChangeInPayable-4.48M-3.48M4.52M1.05M
ChangeInAccountPayable-4.48M-3.48M4.52M1.05M
ChangeInPrepaidAssets-2.44M1.60M-7.41M-7.38M
ChangeInReceivables-15.37M-1.14M56.67M-47.40M
ChangesInAccountReceivables-15.37M-1.14M56.67M-47.40M
OtherNonCashItems51.88M24.83M57.68M32.38M
StockBasedCompensation97.84M72.06M47.85M26.83M
AssetImpairmentCharge0.000.002.84M
DepreciationAmortizationDepletion9.53M11.89M5.81M2.28M
DepreciationAndAmortization9.53M11.89M5.81M2.28M
Depreciation9.53M11.89M5.81M2.28M
OperatingGainsLosses-1.27M35.00K2.80M
GainLossOnInvestmentSecurities-1.32M35.00K107.00K
GainLossOnSaleOfPPE45.00K0.000.00
NetIncomeFromContinuingOperations-589.53M-526.24M-388.95M-215.31M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CYTK
Date User Asset Broker Type Position Size Entry Price Patterns