OnKure Therapeutics, Inc. OKUR
OnKure Therapeutics, Inc. ("OnKure", "we", "us" or the "Company") is a clinical-stage biopharmaceutical company focused on the discovery and development of precision medicines that target biologically validated drivers of cancers and other diseases that are underserved by available therapies. Using a structure-based drug design platform, we are committed to improving clinical outcomes for patients by building a pipeline of small molecule drugs designed to achieve optimal efficacy and tolerability by selectively targeting specific mutations shown to be key drivers of cancer and other diseases. By selectively sparing the wild-type enzyme and preferentially targeting the mutated form of the protein, which is oncogenic and drives disease processes in both cancer and vascular overgrowth syndromes, we aim to discover and develop drugs with improved safety and efficacy by sparing toxicity that arises from non-selective inhibition of the non-mutated (or wild-type) version of the protein. We work under the principle that inhibiting target proteins with specific mutations instead of wild-type variants should enable precise patient selection that will, in turn, improve the probability of clinical success. We designed our current product candidates utilizing disciplined medicinal chemistry, x-ray crystallography and computational chemistry to inhibit specified mutated versions of phosphoinositide 3-kinase alpha ("PI3Kα"), a key disease creating gene.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | — | — | — | — | — |
| R&D | $48.3M | $43.8M | $32.1M | $37.7M | $28.2M | $15.9M | — |
| SG&A | $14.7M | $10.6M | $4.8M | $16.1M | $11.6M | $3.6M | — |
| Total operating expenses | $63.0M | $54.4M | $36.9M | $53.8M | $39.8M | $19.6M | — |
| Operating income | -$63.0M | -$54.4M | -$36.9M | -$53.8M | -$39.8M | -$19.6M | — |
| Interest expense | $3.4M | $1.7M | $1.6M | — | — | — | — |
| Pre-tax income | -$59.5M | -$52.7M | -$77.4M | -$52.0M | -$39.8M | -$19.5M | — |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Net income | -$59.5M | -$52.7M | -$35.3M | -$52.0M | -$39.8M | -$19.5M | — |
| EPS, basic | -4.40 | -15.28 | -124.41 | -2.12 | -2.19 | -9.60 | — |
| EPS, diluted | -4.40 | -15.28 | -124.41 | -2.12 | -2.19 | -9.60 | — |
| Shares, diluted (wtd. avg.) | $13.5M | $3.4M | $283.8K | $24.5M | $18.1M | $2.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $59.0M | $110.8M | $29.9M | $11.5M | $124.7M | $53.6M | $17.5M |
| Short-term investments | — | — | $75.3M | $81.2M | $23.0M | — | — |
| Total current assets | $60.8M | $113.0M | $33.8M | $106.4M | $153.7M | $55.0M | — |
| Property, plant and equipment | $618.0K | $1.0M | $1.4M | $453.0K | $212.0K | $69.0K | — |
| Total assets | $62.1M | $114.9M | $35.7M | $108.2M | $154.0M | $55.2M | — |
| Accounts payable | $1.4M | $3.0M | $3.4M | $1.9M | $2.0M | $908.0K | — |
| Total current liabilities | $5.9M | $10.5M | $7.3M | $7.1M | $6.2M | $4.6M | — |
| Total liabilities | $5.9M | $11.1M | $7.8M | $8.2M | $6.8M | $4.6M | — |
| Retained earnings | -$214.2M | -$154.7M | -$102.1M | -$136.7M | -$84.7M | -$45.0M | — |
| Total equity | $56.2M | $103.8M | -$101.8M | -$54.4M | $147.2M | -$42.1M | -$23.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$51.8M | -$51.1M | -$34.5M | -$47.4M | -$38.0M | -$18.5M | — |
| Depreciation and amortisation | $447.0K | $459.0K | $417.0K | $88.0K | $50.0K | $37.0K | — |
| Stock-based compensation | $11.6M | $4.5M | $199.0K | $4.3M | $3.9M | $393.0K | — |
| Capital expenditure | $46.0K | $52.0K | $246.0K | $346.0K | $198.0K | $24.0K | — |
| Investing cash flow | -$46.0K | $15.9M | -$246.0K | -$57.8M | -$23.4M | $7.4M | — |
| Financing cash flow | $163.0K | $116.1M | $53.1M | $471.0K | $132.4M | $47.3M | — |
| Buybacks | — | — | $4.4M | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-104147.
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