Q2 FY2026 · ended Jun 30, 2026 · Revenue $0, -100.0% YoY · Filed Nov 5, 2026
Korsana Biosciences, Inc. (KRSA) files with the SEC under industry code 2834, Pharmaceutical Preparations. Free cash flow was -$47.1 million. As of Sep 30, 2026 it held $456.2 million in cash and investments and $1.3 million in total debt.
Revenue
$0
-100.0% vs year-ago quarter
Net income
$-46.42M
-113.7% vs year-ago quarter
Operating cash flow
$-46.83M
-353.4% vs year-ago quarter
Free cash flow
$-47.06M
-3186.3% vs prior quarter
EPS
$-3.19
+91.9% vs year-ago quarter
Dividend per share
None
Shares outstanding
45.54M
+1060.2% vs year-ago quarter
Net cash
$454.95M
Q3 FY2026
Operating margin
-359.2%
TTM
Company profile
- Industry
- Pharmaceutical Preparations (SIC 2834)
- Listed as
- KRSA (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- MA
- Headquarters
- Waltham, MA
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1755237
- Former names
- Cyclerion Therapeutics, Inc. (until Aug 27, 2026)
Other Pharmaceutical Preparations companies
- ELI LILLY & Co LLY
- Johnson & Johnson JNJ
- AbbVie Inc. ABBV
- Merck & Co., Inc. MRK
- Novartis AG NVS
- Astrazeneca PLC AZN
- Abbott Laboratories ABT
- Novo Nordisk A S NVO
Key figures
Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q3 FY2026 Sep 30, 2026 |
Q2 FY2026 Jun 30, 2026 |
Q1 FY2026 Mar 31, 2026 |
Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
|---|---|---|---|---|---|
| Revenue | — | $0 | $0 | $1.0M | $875,000 |
| Operating income | -$48,274 | -$1.8M | -$3.2M | -$5.0M | -$21,957 |
| Net income | -$46.4M | -$17.4M | -$13.5M | $18.4M | -$21.7M |
| Diluted EPS | -$3.19 | -$0.41 | -$0.76 | $1.64 | -$39.49 |
| Operating cash flow | -$46.8M | -$1.4M | -$1.2M | $8.5M | -$10.3M |
| Free cash flow | -$47.1M | -$1.4M | -$1.2M | — | — |
| Total assets | $462.1M | $6.9M | $8.5M | $154.6M | $10.4M |
| Total liabilities | $45.6M | — | — | — | — |
| Stockholders' equity | $391.6M | -$63.3M | -$47.0M | -$34.0M | -$21.8M |
| Cash and investments | $456.2M | $1.4M | $2.8M | $154.1M | $4.6M |
| Total debt | $1.3M | — | — | — | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 5, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Nov 5, 2026 | Nov 5, 2026 |
| 8-K |
Current report
Material agreement, Acquisition or sale of assets, Results of operations, Unregistered share sale, Change to shareholder rights, Change in control, Officer or director change, Bylaw or fiscal year change, Regulation FD disclosure
|
Sep 11, 2026 | Sep 8, 2026 |
| 8-K |
Current report
Shareholder vote results, Other events
|
Aug 27, 2026 | Aug 26, 2026 |
| 8-K |
Current report
Other events
|
Aug 25, 2026 | Aug 25, 2026 |
| 10-Q | Quarterly report | Aug 4, 2026 | Jun 30, 2026 |
All 391 Korsana Biosciences, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.