Carna Biosciences Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	618.65	579	636	1,625	1,386	2,017
Revenue Growth (YoY)	3.33%	-8.96%	-60.86%	17.24%	-31.28%	78.02%
Cost of Revenue	199.46	191	171	175	171	135
Gross Profit	419.2	388	465	1,450	1,215	1,882
Selling, General & Admin	603.91	612	655	664	603	572
Research & Development	1,851	1,851	1,886	1,903	1,882	1,841
Operating Expenses	2,455	2,463	2,541	2,567	2,485	2,413
Operating Income	-2,036	-2,075	-2,076	-1,117	-1,270	-531
Interest Expense	-64.54	-52	-3	-4	-6	-4
Interest & Investment Income	1.91	5	14	-	-	-
Currency Exchange Gain (Loss)	-25.97	-23	26	-	-	14
Other Non Operating Income (Expenses)	-11.92	-1	-42	-5	-3	-3
EBT Excluding Unusual Items	-2,136	-2,146	-2,081	-1,126	-1,279	-524
Asset Writedown	-23.86	-24	-93	-4	-44	-9
Other Unusual Items	-20	-	-	-	-	-
Pretax Income	-2,183	-2,170	-2,174	-1,130	-1,323	-533
Income Tax Expense	1.85	1	4	22	26	1
Net Income	-2,185	-2,171	-2,178	-1,152	-1,349	-534
Net Income to Common	-2,185	-2,171	-2,178	-1,152	-1,349	-534
Shares Outstanding (Basic)	19	19	18	17	14	13
Shares Outstanding (Diluted)	19	19	18	17	14	13
Shares Change (YoY)	3.97%	6.71%	6.61%	23.37%	7.26%	3.22%
EPS (Basic)	-114.23	-113.60	-121.61	-68.57	-99.06	-42.06
EPS (Diluted)	-114.23	-113.60	-121.61	-68.57	-99.06	-42.06
Free Cash Flow	-	-2,168	-1,387	-1,688	-834	-1,577
Free Cash Flow Per Share	-	-113.44	-77.44	-100.48	-61.24	-124.22
Gross Margin	67.76%	67.01%	73.11%	89.23%	87.66%	93.31%
Operating Margin	-329.06%	-358.38%	-326.41%	-68.74%	-91.63%	-26.33%
Profit Margin	-353.18%	-374.96%	-342.45%	-70.89%	-97.33%	-26.47%
Free Cash Flow Margin	-	-374.44%	-218.08%	-103.88%	-60.17%	-78.19%
EBITDA	-	-2,044	-2,045	-1,082	-1,237	-512
EBITDA Margin	-	-	-	-66.59%	-89.25%	-25.38%
D&A For EBITDA	-	31	31	35	33	19
EBIT	-2,036	-2,075	-2,076	-1,117	-1,270	-531
EBIT Margin	-	-	-	-68.74%	-91.63%	-26.33%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.