Kiniksa Pharmaceuticals, Ltd. (KNSA) AI Stock Analysis

NASDAQ: KNSAAI research summary: business, growth, valuation, analysts, bull and bear case.

KNSA AI stock analysis summary

AI Research

Kiniksa Pharmaceuticals, Ltd. (KNSA) is a commercial-stage biopharmaceutical company developing and commercializing therapies for severe medical conditions. Over the trailing twelve months, the company generated $840.8M in revenue with a profit margin of 9.6% and diluted EPS of $0.99. Backed by $517.0M in net cash as of June 30, 2026, the stock has gained 101.9% over the past year.

Market cap
$6.13B
Revenue (TTM)
$840.8M
P/E
79.4x
fwd 59.5x
1Y return
101.9%
S&P 500 16.8%
Avg. target
$98.00
24.7% vs last close

Bull case

  • Quarterly revenue rose 55.4% year-over-year in the quarter ended June 30, 2026, supporting a trailing twelve-month revenue base of $840.8M.
  • The company maintains a strong liquidity position with $517.0M in net cash and a current ratio of 3.90 as of June 30, 2026.
  • Analyst consensus projects EPS to reach $1.16 in FY2026, representing expected earnings growth of 54.3%.

Bear case

  • Kiniksa trades at a premium valuation with a trailing P/E of 79.4x and an EV/EBITDA of 53.1x, well above the median of its US-listed Healthcare peers of 24.6x and 12.0x.
  • Gross margin decreased from 85.6% in FY2024 to 54.6% in FY2025.
  • The company has beaten analyst EPS estimates in only 1 of the last 4 quarters.

What Kiniksa Pharmaceuticals does

Kiniksa Pharmaceuticals, Ltd. is a biopharmaceutical company dedicated to identifying, acquiring, developing, and commercializing therapeutic medications tailored for patients globally with severe and unmet medical needs. Its commercial and pipeline portfolio includes ARCALYST, an interleukin-1alpha and interleukin-1beta inhibitor for recurrent pericarditis. The company has also advanced Mavrilimumab through Phase II trials for giant cell arteritis, while Vixarelimab is in Phase 2a clinical trials for prurigo nodularis. Additionally, Kiniksa is developing KPL-404, a monoclonal antibody designed to inhibit the CD40-CD154 interaction involved in B-cell maturation and immune responses. Established in 2015, the company is headquartered in Hamilton, Bermuda.

Growth and profitability

Kiniksa has expanded annual revenue from $38.5M in FY2021 to $677.6M in FY2025, representing a 5-year revenue CAGR of 144.8% from FY2020 to FY2025. In FY2025, revenue grew 60.1%, with an operating margin of 11.4% and net income of $59.0M, or $0.74 per share, compared to a net loss of -$43.2M in FY2024. Over the trailing twelve months ending June 30, 2026, revenue totaled $840.8M with an operating margin of 11.2%. In the latest quarter ended June 30, 2026, quarterly revenue grew 55.4% year-over-year, while quarterly earnings increased 30.4%.

KNSA income statement →

Balance sheet and cash flow

As of June 30, 2026, Kiniksa held $525.9M in cash and short-term investments against $8.9M in total debt, resulting in net cash of $517.0M. The company reported a current ratio of 3.90 and a debt-to-equity ratio of 0.01 on shareholders' equity of $654.1M. In FY2025, operating cash flow and free cash flow were both $25.4M, with capital expenditures of $277,000. Capital allocation in FY2025 included $7.7M spent on share buybacks, while the share count increased 20.9% over five years.

KNSA balance sheet →

Valuation and performance

At a last close of $78.59, Kiniksa trades at a trailing P/E of 79.4x and a forward P/E of 59.5x, above the median of its US-listed Healthcare peers of 24.6x trailing and 17.3x forward. Its enterprise value of $5.41B implies an EV/EBITDA multiple of 53.1x versus the peer median of 12.0x, and its price-to-sales multiple is 7.3x compared to 4.1x for peers. Over the past year, the stock returned 101.9%, outperforming the S&P 500 (SPY) return of 16.8%, and is up 586.4% over five years compared to 83.0% for the index.

KNSA key metrics →

What analysts expect

Kiniksa carries 7 Strong Buy ratings, 1 Buy rating, and no Hold or Sell ratings among covering analysts. The mean price target is $98.00, representing a 24.7% premium over the last close of $78.59. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $994.4M and EPS of $1.16, implying 54.3% EPS growth. For FY2027, four analysts project revenue of $1.22B and EPS of $1.62. Kiniksa beat EPS estimates in 1 of the last 4 quarters, and its next earnings date is October 27, 2026.

KNSA forecast and price target →

Key risks and what to watch

  • Operating profitability has been uneven across recent fiscal years, ranging from -10.8% in FY2024 to 11.4% in FY2025.
  • Short interest stands at 9.4% of the float, indicating notable short positioning.
  • The stock has gained 90.5% year-to-date and sits 35.4% above its 200-day average, close to its 52-week high of $82.98.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this KNSA AI stock analysis

This page is an AI-written research summary of Kiniksa Pharmaceuticals, Ltd. (KNSA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: KNSA income statement, KNSA balance sheet, KNSA key metrics, KNSA analyst forecast, KNSA chart. See the KNSA stock overview for the latest quote and news.

KNSA AI stock analysis FAQ

What products does Kiniksa Pharmaceuticals develop?

Kiniksa's portfolio includes ARCALYST for recurrent pericarditis, Mavrilimumab for giant cell arteritis, Vixarelimab for prurigo nodularis, and KPL-404 targeting the CD40-CD154 interaction.

What are Kiniksa's projected revenues and earnings for FY2026?

For the fiscal year ending December 31, 2026, analysts estimate revenue of $994.4M and EPS of $1.16, representing 54.3% projected EPS growth.

How much cash and debt does Kiniksa have?

As of June 30, 2026, Kiniksa held $525.9M in cash and short-term investments and $8.9M in total debt, resulting in net cash of $517.0M.

Does Kiniksa Pharmaceuticals pay a dividend?

Kiniksa Pharmaceuticals does not pay a dividend. In FY2025, the company deployed $7.7M toward share buybacks.

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