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Companies / Healthcare / Kyverna Therapeutics, Inc.
KYTX

Kyverna Therapeutics, Inc.

HealthcareBiological Products
Ticker KYTXEMERYVILLE, CAFiscal year ends DecemberBook value per share $2.73Diluted shares 60.7M

Kyverna Therapeutics is a late-stage clinical biopharmaceutical company focused on developing cell therapies for patients with autoimmune diseases. The company's mission centers on liberating patients from autoimmune diseases through the curative potential of cell therapy, representing a fundamental paradigm shift… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%
$-161.31M
−26.5% year over year
Last 12 mo $-152.64M
-69.45%
−21.6 percentage points
Last 12 mo -92.20%
Cash & financing
$-153.71M
−34.5% year over year
Last 12 mo $-158.75M
$-154.84M
−33.0% year over year
Last 12 mo $-160.23M
0.11
Was 0.00× a year earlier
Last 12 mo 0.15
44.3M
+15.5% year over year
Last 12 mo 60.7M

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 Kyverna Therapeutics, Inc. does

In the company’s own words

Kyverna Therapeutics is a late-stage clinical biopharmaceutical company focused on developing cell therapies for patients with autoimmune diseases. The company's mission centers on liberating patients from autoimmune diseases through the curative potential of cell therapy, representing a fundamental paradigm shift from current standard-of-care treatments that manage symptoms or slow progression with chronic administration.

The company's lead product candidate is mivocabtagene autoleucel, or miv-cel, also known as KYV-101, an anti-CD19 autologous CAR T-cell therapy with a differentiated CAR construct licensed exclusively from the National Institutes of Health for use in autoimmune diseases. Miv-cel is designed with a fully human CD19-targeting domain, human CD8α hinge and transmembrane domain, a highly potent human CD28 costimulatory domain, and a human CD3ζ activation domain. This construct was selected for its improved safety profile and reduced cytokine release compared to currently approved CAR T therapies.

Kyverna is advancing miv-cel through late-stage clinical development across multiple autoimmune indications. The company completed a registrational Phase 2 clinical trial, KYSA-8, in stiff person syndrome, or SPS, a rare progressive neurologic autoimmune disease with no FDA-approved therapies. The trial achieved its primary and all secondary endpoints with high statistical significance, and the company plans to submit a biologics license application to the FDA in the first half of 2026. If approved, miv-cel would be the first CAR T-cell therapy indicated for an autoimmune disease and the first approved therapy for SPS.

Additionally, Kyverna reported positive interim data from its KYSA-6 Phase 2 clinical trial in generalized myasthenia gravis, or gMG, and initiated an FDA-aligned Phase 3 registrational trial in late 2025. The company is also exploring miv-cel in progressive multiple sclerosis, rheumatoid arthritis, lupus nephritis, and systemic sclerosis through investigator-initiated trials and company-sponsored studies.

Kyverna Therapeutics trades on the NASDAQ under ticker symbol KYVRN. The company website is www.kyvernatherapeutics.com. The company anticipates its current cash and marketable securities will provide runway into 2028, funding the SPS BLA filing and commercial launch alongside the Phase 3 gMG trial.

Company details
Sector
Healthcare
Industry
Biological Products
Headquarters
EMERYVILLE, CA
Fiscal year end
December
CIK
1994702
SIC
2836

Financial performance, year by year

Fiscal 2024–2025 · USD
$-164.69M$-154.54M$-144.39M$-134.24M$-124.09M20242025Last 12 moLast 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 Kyverna Therapeutics, Inc. — and what changed

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

91
funds hold it
0 of 35
superinvestors hold it
$60.85M
held by funds, at market
11.1%
of shares held by funds

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

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
T. Rowe Price Health Sciences Fund, Inc.
PRHSX · T. ROWE PRICE HEALTH SCIENCES FUND, INC.
0.06%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.02%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”.

Could not be determined for this company: bond issues.

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

Connected research

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