Kymera Q1 revenue jumps on Gilead milestone

Kymera Therapeutics

30/04/2026 12:09

Overview

US biopharma firm's Q1 revenue rose sharply, beating analyst expectations

Net loss widened in Q1 as R&D and G&A expenses increased

Company received $45 mln milestone from Gilead for KT-200 licensing

Outlook

Kymera expects KT-621 atopic dermatitis Phase 2b trial data by mid-2027

Company expects KT-621 asthma Phase 2b trial data in late 2027

Kymera expects KT-579 Phase 1 trial data in 2H26

Result Drivers

GILEAD MILESTONE PAYMENT - Collaboration revenue increase attributed to $45 mln milestone from Gilead for KT-200 licensing

R&D SPENDING - Higher research and development expenses due to investment in STAT6 program and pipeline growth

G&A COSTS - General and administrative expenses rose due to higher legal, professional, and operational costs to support growth

Company press release: ID:nGNX2FNTbP

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$34.37 mln
$8.61 mln (19 Analysts)
Q1 EPS
-$0.71
Q1 Net Income
-$69.23 mln
Q1 Operating Expenses
$118.52 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the biotechnology & medical research peer group is "buy"

Wall Street's median 12-month price target for Kymera Therapeutics Inc is $119.00, about 46% above its April 29 closing price of $81.51

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)