Kardigan Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Selling, General & Admin	48.75	12.36
Research & Development	153.09	84.29
Total Operating Expenses	201.84	96.66
Operating Income	-201.84	-96.66
Interest Income	6.85	1.29
Other Non-Operating Income (Expense)	-1.47	6.71
Total Non-Operating Income (Expense)	5.38	8
Pretax Income	-196.45	-88.66
Provision for Income Taxes	-4.51	-
Net Income	-191.94	-88.66
Net Income to Common	-191.94	-88.66
Shares Outstanding (Basic)	13	10
Shares Outstanding (Diluted)	13	10
Shares Change (YoY)	28.27%	-
EPS (Basic)	-14.84	-8.79
EPS (Diluted)	-14.84	-8.79
Free Cash Flow	-156.13	-20.63
Free Cash Flow Per Share	-12.07	-2.05
EBITDA	-197.64	-96.65
EBIT	-201.84	-96.66
Effective Tax Rate	2.30%	0.00%

SEC Filings: 10-K · 10-Q