Shattuck Labs, Inc. (STTK) Income Statement
STTK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSTTK revenue and net income
Where STTK's revenue goes
2025Each bar shows an amount and its share of revenue. STTK kept −4,880.9% of revenue as net income.
STTK profit margins
STTK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −82.5% | +15.3% | −36.8% | — |
| Gross profit | −335.9% | — | — | — |
| 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.
STTK quarterly EPS vs estimates
Shattuck Labs beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.10).
STTK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0M | $5.7M | $1.7M | $652,000 | $30.0M | $9.9M | $9.9M | $22.4M |
| Cost of revenue | $3.0M | $4.9M | $4.0M | $3.4M | $1.4M | $37.5M | $29.2M | $24.8M |
| Gross profit | −$2.0M | $827,000 | −$2.4M | $652,000 | $28.6M | $9.9M | −$19.3M | −$2.4M |
| Research & development | $35.3M | $67.2M | $74.3M | $82.9M | $56.6M | $37.5M | $29.2M | $24.8M |
| Sales, general & admin | $17.2M | $19.1M | $19.3M | $21.1M | $18.7M | $9.4M | $5.7M | $3.8M |
| Total operating expenses | $49.6M | $81.4M | $89.6M | $104.0M | $73.9M | $46.9M | $5.7M | $28.6M |
| Operating income | −$51.5M | −$80.6M | −$92.0M | −$103.3M | −$45.3M | −$36.9M | −$25.1M | −$6.1M |
| Interest income | $2.7M | $5.2M | $4.7M | $1.6M | $625,000 | $549,000 | $1.2M | $966,000 |
| Interest expense | — | — | — | $3.1M | $1.4M | $0 | $0 | $2.6M |
| Income before taxes | −$48.8M | −$75.4M | −$87.3M | −$101.9M | −$45.0M | −$36.6M | −$24.0M | −$7.4M |
| Income taxes | — | — | $3.9M | −$1.4M | −$625,000 | −$1.2M | −$99,000 | $1.4M |
| Net income | −$48.8M | −$75.4M | −$87.3M | −$100.6M | −$45.0M | −$35.4M | −$24.0M | −$7.4M |
| EBITDA | −$45.1M | −$71.6M | −$83.3M | −$100.3M | −$43.6M | −$36.3M | −$24.5M | −$4.5M |
| EPS (diluted) | −$0.77 | −$1.49 | −$2.05 | −$2.41 | −$1.07 | −$2.21 | −$1.26 | — |
| Gross margin | −195.1% | 14.5% | −143.9% | 100.0% | 95.4% | 100.0% | −195.5% | −10.5% |
| Operating margin | −5,150.8% | −1,408.3% | −5,549.6% | −15,848.0% | −150.8% | −371.8% | −253.5% | −27.4% |
| Net margin | −4,880.9% | −1,318.1% | −5,268.4% | −15,423.5% | −149.8% | −356.7% | −242.6% | −32.9% |
| 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 | $1.0M | $0 | $14.5M | $34.7M | $3.0M | $1.6M | $1.1M | $714,000 | $686,000 |
| Cost of revenue | — | $891,000 | $906,000 | $7.6M | $929,000 | $936,000 | $20.2M | $953,000 | $962,000 | $974,000 | $981,000 | $24.2M |
| Gross profit | — | −$891,000 | −$906,000 | −$6.6M | −$929,000 | −$936,000 | $14.5M | $2.0M | $647,000 | $141,000 | −$267,000 | −$23.5M |
| Research & development | $11.7M | $10.9M | $9.1M | $7.6M | $8.7M | $9.9M | $15.4M | $16.3M | $19.2M | $16.3M | $15.2M | $24.2M |
| Sales, general & admin | $4.5M | $4.6M | $4.3M | $4.1M | $4.4M | $4.5M | $4.2M | $4.6M | $5.3M | $4.9M | $4.4M | $5.1M |
| Total operating expenses | $16.2M | $14.7M | $13.4M | $4.1M | $12.1M | $13.5M | $19.6M | $20.0M | $23.6M | $20.2M | $18.7M | $5.1M |
| Operating income | −$16.2M | −$15.5M | −$13.4M | −$10.7M | −$13.0M | −$14.4M | −$19.6M | −$17.9M | −$23.0M | −$20.0M | −$19.0M | −$28.6M |
| Interest income | $1.0M | $779,000 | — | — | $804,000 | $689,000 | — | — | — | — | — | — |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $937,000 | — |
| Income before taxes | −$15.2M | −$14.8M | −$12.6M | −$10.1M | −$12.5M | −$13.7M | −$18.7M | −$16.7M | −$21.6M | −$18.5M | −$17.7M | −$27.5M |
| Income taxes | — | — | — | — | — | — | — | — | — | $930,724 | $937,000 | $1.1M |
| Net income | −$15.2M | −$14.8M | −$12.6M | −$10.1M | −$12.5M | −$13.7M | −$18.7M | −$16.7M | −$21.6M | −$18.5M | −$17.7M | −$27.5M |
| EBITDA | −$14.3M | −$13.9M | −$11.7M | −$9.1M | −$11.5M | −$12.8M | −$17.7M | −$15.7M | −$20.6M | −$17.5M | −$16.7M | −$26.5M |
| EPS (diluted) | −$0.12 | −$0.13 | −$0.12 | −$0.14 | −$0.24 | −$0.27 | −$0.37 | −$0.33 | −$0.42 | −$0.37 | −$0.41 | −$0.65 |
| Gross margin | — | — | — | −661.8% | — | −6.5% | 41.8% | 68.2% | 40.2% | 12.6% | −37.4% | −3,429.3% |
| Operating margin | — | — | — | −1,071.6% | — | −99.3% | −56.6% | −597.9% | −1,427.1% | −1,797.7% | −2,654.2% | −4,168.8% |
| Net margin | — | — | — | −1,005.6% | — | −94.5% | −53.8% | −556.4% | −1,339.5% | −1,659.6% | −2,477.2% | −4,014.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in STTK's financial statements (latest annual report filed March 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
STTK financial results
In fiscal year 2025 (ended December 31, 2025), Shattuck Labs reported revenue of $1.0 million, down 82.5% from the year before. It had a net loss of $48.8 million, a net profit margin of −4,880.9%. Diluted earnings per share came to −$0.77. Over five years revenue grew at an average rate of −36.8% a year.
See the STTK stock overview for the latest quote and news, or the STTK chart for price history and technical indicators.
STTK income statement FAQ
What is Shattuck Labs's annual revenue?
Shattuck Labs reported total revenue of $1.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 82.5% from $5.7 million the previous year.
Is Shattuck Labs profitable?
No. Shattuck Labs reported a net loss of $48.8 million in fiscal 2025, a net profit margin of −4,880.9%; its operating margin was −5,150.8%.
What is Shattuck Labs's gross margin?
Shattuck Labs's gross margin was −195.1% in fiscal 2025: for every $100 of revenue, Shattuck Labs kept $-195 after the direct cost of its products and services.
How much does Shattuck Labs spend on research and development?
Shattuck Labs spent $35.3 million on research and development in fiscal 2025, 3,527.3% of revenue.
How fast is Shattuck Labs growing?
Revenue grew −36.8% a year on average over the last five fiscal years, from $9.9 million to $1.0 million.
What are Shattuck Labs's earnings per share?
Shattuck Labs earned $-0.77 per diluted share in fiscal 2025, compared with $-1.49 a year earlier.
When will Shattuck Labs report its next earnings?
Shattuck Labs is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does Shattuck Labs's fiscal year end?
Shattuck Labs's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 5, 2026.