Kardigan, Inc. (KARD) Income Statement
KARD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKARD revenue and net income
KARD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KARD quarterly EPS vs estimates
Kardigan beat the analyst EPS estimate in 0 of the last 1 quarters. Next report: November 10, 2026 (estimate $-0.80).
KARD income statement
| 2025 | 2024 | |
|---|---|---|
| Revenue | $0 | $0 |
| Research & development | $153.1M | $84.3M |
| Sales, general & admin | $48.8M | $12.4M |
| Total operating expenses | $201.8M | $96.7M |
| Operating income | −$201.8M | −$96.7M |
| Interest income | $6.8M | $1.3M |
| Income before taxes | −$196.5M | −$88.7M |
| Income taxes | −$4.5M | — |
| Net income | −$191.9M | −$88.7M |
| EBITDA | −$196.0M | −$96.3M |
| Jun '26 | Mar '26 | Jun '25 | Mar '25 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| Cost of revenue | $2.2M | — | — | — |
| Gross profit | −$2.2M | — | — | — |
| Research & development | $55.2M | $45.1M | $35.8M | $18.8M |
| Sales, general & admin | $18.9M | $13.6M | $21.3M | $7.3M |
| Total operating expenses | $73.0M | $58.7M | $57.1M | $26.1M |
| Operating income | −$75.2M | −$58.7M | −$57.1M | −$26.1M |
| Interest income | $2.8M | $2.8M | $1.1M | $832,000 |
| Income before taxes | −$116.2M | −$56.1M | −$57.4M | −$22.2M |
| Net income | −$116.2M | −$56.1M | −$57.4M | −$18.0M |
| EBITDA | −$73.0M | −$56.6M | −$55.6M | −$25.3M |
| EPS (diluted) | −$2.88 | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KARD's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KARD financial results
Kardigan reported no revenue in fiscal year 2025 (ended December 31, 2025). It had a net loss of $191.9 million.
See the KARD stock overview for the latest quote and news, or the KARD chart for price history and technical indicators.
KARD income statement FAQ
Does Kardigan have revenue?
Kardigan reported no revenue for fiscal year 2025, which ended on December 31, 2025.
Is Kardigan profitable?
No. Kardigan reported a net loss of $191.9 million in fiscal 2025.
How much does Kardigan spend on research and development?
Kardigan spent $153.1 million on research and development in fiscal 2025.
When will Kardigan report its next earnings?
Kardigan is expected to report results for the quarter ending September 30, 2026 on November 10, 2026.
When does Kardigan's fiscal year end?
Kardigan's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.