Scholar Rock Holding Corporation (SRRK) Income Statement
SRRK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSRRK revenue and net income
SRRK profit margins
SRRK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SRRK quarterly EPS vs estimates
Scholar Rock beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 13, 2026 (estimate $-0.86).
SRRK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $33.2M | $18.8M | $15.4M | $20.5M | $0 | $0 | $379,000 |
| Cost of revenue | $208.4M | $1.9M | $2.8M | $9.9M | $108.5M | $74.1M | $54.2M | $36.3M | $669,000 | $12.5M |
| Gross profit | −$208.4M | −$1.9M | −$2.8M | $33.2M | −$89.7M | $15.4M | $20.5M | −$36.3M | −$669,000 | −$12.1M |
| Research & development | $208.4M | $182.6M | $119.1M | $124.4M | $108.5M | $74.1M | $54.2M | $36.3M | $19.9M | $12.5M |
| Sales, general & admin | $176.2M | $67.5M | $49.4M | $43.1M | $40.3M | $28.2M | $20.8M | $14.4M | $5.1M | $4.1M |
| Total operating expenses | $176.2M | $250.1M | $168.5M | $167.6M | $40.3M | $102.3M | $75.0M | $50.7M | $25.0M | $16.6M |
| Operating income | −$384.6M | −$252.1M | −$171.3M | −$134.4M | −$129.9M | −$86.9M | −$54.5M | −$50.7M | −$25.0M | −$16.2M |
| Interest income | $13.9M | $12.7M | — | — | — | — | — | $1.4M | $44,000 | $19,000 |
| Interest expense | $6.9M | $6.8M | — | $2.9M | $1.9M | $0 | $0 | $0 | $0 | $19,000 |
| Income before taxes | −$377.9M | −$246.3M | −$165.8M | −$134.5M | −$131.8M | −$86.5M | −$51.0M | −$49.3M | −$25.0M | −$16.2M |
| Income taxes | — | — | $2.7M | −$2.9M | $2.4M | −$1.5M | −$1.3M | $1.4M | −$44,000 | $19,000 |
| Net income | −$377.9M | −$246.3M | −$165.8M | −$131.6M | −$131.8M | −$85.0M | −$49.7M | −$49.3M | −$25.0M | −$16.2M |
| EBITDA | −$369.4M | −$237.5M | −$162.9M | −$131.4M | −$129.2M | −$85.4M | −$53.2M | −$49.9M | −$24.4M | −$15.6M |
| EPS (diluted) | −$3.43 | −$2.46 | −$1.99 | −$2.28 | −$3.59 | −$2.81 | −$1.84 | −$2.66 | −$1.40 | −$8.10 |
| Gross margin | — | — | — | 100.0% | −476.5% | 100.0% | 100.0% | — | — | −3,192.1% |
| Operating margin | — | — | — | −404.8% | −690.5% | −564.0% | −266.2% | — | — | −4,277.0% |
| Net margin | — | — | — | −396.6% | −700.5% | −551.8% | −242.5% | — | — | −4,276.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.7M | $0 |
| Cost of revenue | — | $335,000 | $46.9M | $50.5M | $417,000 | $48.7M | $395,000 | $446,000 | $498,000 | $598,000 | $672,000 | $708,000 |
| Gross profit | — | −$335,000 | −$46.9M | −$50.5M | −$417,000 | −$48.7M | −$395,000 | −$446,000 | −$498,000 | −$598,000 | −$672,000 | −$708,000 |
| Research & development | $58.2M | $51.8M | $46.9M | $50.5M | $62.0M | $48.7M | $50.0M | $48.3M | $41.9M | $42.5M | $34.3M | $29.6M |
| Sales, general & admin | $50.7M | $50.2M | $45.0M | $53.1M | $49.7M | $28.4M | $19.0M | $16.1M | $17.1M | $15.3M | $13.1M | $13.3M |
| Total operating expenses | $108.9M | $102.0M | $45.0M | $53.1M | $111.7M | $28.4M | $69.0M | $64.3M | $59.0M | $57.8M | $47.4M | $43.0M |
| Operating income | −$108.9M | −$102.0M | −$91.9M | −$103.5M | −$112.1M | −$77.1M | −$69.4M | −$64.8M | −$59.5M | −$58.4M | −$48.0M | −$43.7M |
| Interest income | $4.1M | $2.9M | $3.5M | $2.7M | $3.4M | $4.2M | — | $2.1M | $2.7M | — | — | — |
| Interest expense | $4.5M | $2.3M | $2.5M | $1.3M | $1.2M | $1.8M | — | $1.7M | $1.7M | — | — | — |
| Income before taxes | −$109.9M | −$105.5M | −$91.0M | −$102.2M | −$110.0M | −$74.7M | −$66.5M | −$64.5M | −$58.5M | −$56.9M | −$46.1M | −$42.4M |
| Income taxes | — | — | — | — | — | — | −$555,000 | — | — | $554,724 | $628,188 | $747,586 |
| Net income | −$109.9M | −$105.5M | −$91.0M | −$102.2M | −$110.0M | −$74.7M | −$66.5M | −$64.5M | −$58.5M | −$56.9M | −$46.1M | −$42.4M |
| EBITDA | −$105.1M | −$102.9M | −$88.0M | −$100.5M | −$108.4M | −$74.3M | −$66.1M | −$64.0M | −$58.0M | −$56.3M | −$45.5M | −$41.7M |
| EPS (diluted) | −$0.84 | −$0.83 | −$0.88 | −$0.90 | −$0.98 | −$0.67 | −$0.61 | −$0.66 | −$0.60 | −$0.59 | −$0.50 | −$0.53 |
| Gross margin | — | — | — | — | — | — | — | — | — | — | −5.8% | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — | −411.9% | — |
| Net margin | — | — | — | — | — | — | — | — | — | — | −395.6% | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SRRK's financial statements (latest annual report filed March 3, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SRRK financial results
Scholar Rock reported no revenue in fiscal year 2025 (ended December 31, 2025). It had a net loss of $377.9 million. Diluted earnings per share came to −$3.43.
See the SRRK stock overview for the latest quote and news, or the SRRK chart for price history and technical indicators.
SRRK income statement FAQ
Does Scholar Rock have revenue?
Scholar Rock reported no revenue for fiscal year 2025, which ended on December 31, 2025.
Is Scholar Rock profitable?
No. Scholar Rock reported a net loss of $377.9 million in fiscal 2025.
How much does Scholar Rock spend on research and development?
Scholar Rock spent $208.4 million on research and development in fiscal 2025.
What are Scholar Rock's earnings per share?
Scholar Rock earned $-3.43 per diluted share in fiscal 2025, compared with $-2.46 a year earlier.
When will Scholar Rock report its next earnings?
Scholar Rock is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Scholar Rock's fiscal year end?
Scholar Rock's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 3, 2026.