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Companies / Health Care / Dianthus Therapeutics, Inc.
DNTH

Dianthus Therapeutics, Inc.

Health CarePharmaceutical Preparations
Ticker DNTHNEW YORK, NYFiscal year ends DecemberBook value per share $22.52Diluted shares 52.1M

Dianthus Therapeutics, Inc. (Nasdaq: DNTH) is a clinical-stage biotechnology company developing therapies for severe autoimmune diseases. Its lead candidate, claseprubart, is a monoclonal antibody designed to selectively inhibit active C1s in the classical complement pathway; it is being evaluated for generalized… From the company’s description.

In fiscal 2025, Dianthus Therapeutics, Inc. reported revenue of $2.04M, down 67.3% from fiscal 2024, and a net loss of $162.34M. Its operating margin was −8739.3%, and operations used $129.06M in cash. Over the twelve months to Jun 30, 2026, revenue was $1.90M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.04MFY2025
−67.3% year over year
Last 12 mo $1.90M
-8739.34%FY2025
−7105.6 percentage points
Last 12 mo -11441.39%
$-162.34MFY2025
−91.1% year over year
Last 12 mo $-192.25M
-32.90%FY2025
−8.8 percentage points
Last 12 mo -16.40%
Cash & financing
$-129.06MFY2025
−65.1% year over year
Last 12 mo $-155.38M
$-129.27MFY2025
−65.1% year over year
Last 12 mo $-155.71M
—
38.6MFY2025
+15.9% year over year
Last 12 mo 52.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Dianthus Therapeutics, Inc. does

In the company’s own words

Dianthus Therapeutics, Inc. (Nasdaq: DNTH) is a clinical-stage biotechnology company developing therapies for severe autoimmune diseases. Its lead candidate, claseprubart, is a monoclonal antibody designed to selectively inhibit active C1s in the classical complement pathway; it is being evaluated for generalized myasthenia gravis, chronic inflammatory demyelinating polyneuropathy and multifocal motor neuropathy. Its second clinical-stage candidate, DNTH212, is a bifunctional fusion protein designed to target BDCA2 and inhibit BAFF/APRIL, addressing pathways involved in innate and adaptive immune responses. The company’s research and development pipeline is its central business, and it does not have a commercial organization for marketing, sales or distribution. It holds development and commercialization rights outside Greater China, while partners hold rights in Greater China for its candidates. In 2025, Dianthus reported positive Phase 2 results for claseprubart in myasthenia gravis and initiated a Phase 1 study of DNTH212 in China. The company resulted from a 2023 business combination with Dianthus Therapeutics OpCo, Inc.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1690585
SIC
2834

Financial performance, year by year

Fiscal 2018–2025 · USD
$-212.11M$-152.51M$-92.91M$-33.32M$26.28M20182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Dianthus Therapeutics, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

309
funds hold it
1 of 35
superinvestors hold it
$2.26B
held by funds, at market
43.0%
of shares held by funds

Superinvestors in Dianthus Therapeutics, Inc. · what they did last quarter

Polen CapitalINCREASED +126.6%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Dianthus Therapeutics, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
Fidelity Growth Company Fund
FDGRX · Fidelity Mt. Vernon Street Trust
0.15%of fund net assets
1.18%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.14%of fund net assets
T. Rowe Price Small-Cap Stock Fund, Inc.
OTCFX · T. ROWE PRICE SMALL-CAP STOCK FUND, INC.
1.21%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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