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Companies / Health Care / Oruka Therapeutics, Inc.
ORKA

Oruka Therapeutics, Inc.

Health CarePharmaceutical Preparations
Ticker ORKAMENLO PARK, CAFiscal year ends DecemberBook value per share $18.88Diluted shares 59.0M

Oruka Therapeutics, Inc. (Nasdaq: ORKA) is a clinical-stage biopharmaceutical company developing monoclonal antibody therapies for psoriasis and other inflammatory and immunology conditions. Its lead candidate, ORKA-001, targets IL-23p19 and is being developed for psoriasis; ORKA-002 targets IL-17A and IL-17F, with… From the company’s description.

In fiscal 2025, Oruka Therapeutics, Inc. reported a net loss of $105.43M. Operations used $88.21M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2023The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%FY2025
$-105.43MFY2025
−1874.8% year over year
Last 12 mo $-132.89M
-22.34%FY2025
−7.9 percentage points
Last 12 mo -11.92%
Cash & financing
$-88.21MFY2025
−1659.3% year over year
Last 12 mo $-100.92M
$-88.42MFY2025
−1663.4% year over year
Last 12 mo $-101.15M
—
45.6MFY2025
+216.4% year over year
Last 12 mo 59.0M

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 Oruka Therapeutics, Inc. does

In the company’s own words

Oruka Therapeutics, Inc. (Nasdaq: ORKA) is a clinical-stage biopharmaceutical company developing monoclonal antibody therapies for psoriasis and other inflammatory and immunology conditions. Its lead candidate, ORKA-001, targets IL-23p19 and is being developed for psoriasis; ORKA-002 targets IL-17A and IL-17F, with potential applications in psoriasis, hidradenitis suppurativa and psoriatic arthritis. Both candidates incorporate half-life extension technology intended to support less frequent dosing. The company is also developing ORKA-021, a sequential regimen combining ORKA-002 and ORKA-001, and ORKA-003, which targets an undisclosed pathway. Its programs focus on inflammatory skin diseases and related conditions, including axial spondyloarthritis. Oruka licenses rights to its antibody programs from Paragon Therapeutics. The company was formed through the 2024 acquisition of pre-merger Oruka by ARCA biopharma, which then changed its name to Oruka Therapeutics. The business is organized around its drug-development portfolio rather than reportable operating segments.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
MENLO PARK, CA
Fiscal year end
December
CIK
907654
SIC
2834

Financial performance, year by year

Fiscal 2012–2025 · USD
$-145.74M$-107.17M$-68.60M$-30.03M$8.54M2012201320142015201620172018201920202021202220232025Last 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 Oruka Therapeutics, Inc. — and what changed

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

264
funds hold it
0 of 35
superinvestors hold it
$1.88B
held by funds, at market

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

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
1.38%of fund net assets
0.15%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.15%of fund net assets
Fidelity Growth Company Fund
FDGRX · Fidelity Mt. Vernon Street Trust
0.07%of fund net assets

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

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

Connected research

Put this business in context.

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  • “How do Oruka Therapeutics, Inc. and its peers compare on margins and cash generation over ten years?”
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