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Financial statements

Artiva Biotherapeutics, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Artiva Biotherapeutics, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2024FY2024FY2025
Revenue33.50.250
Research and development50.350.369.5
General and administrative13.917.220.3
Operating expenses64.267.589.8
Operating income-30.7-67.3-89.8
Other non-operating income2.021.915.95
Pre-tax income-28.6-65.483.9
Income tax0.0700
Net income-28.7-65.4-83.9
EBITDA-28.4-64.9-87.2
EPS, basic-35.78-5.81-3.43
EPS, diluted-35.78-5.81-3.43
Shares, basic (weighted)0.811.324.4
Shares, diluted (weighted)0.811.324.4

Balance sheet

FY2024FY2024FY2025
Cash and equivalents53.540.226.7
Short-term investments23.514581.3
Receivables1.030
Other current assets1.093.064.59
Total current assets79.8189113
Property, plant and equipment8.16.376.62
Lease right-of-use assets16.513.810.5
Other non-current assets0.390.270.46
Total assets105210131
Accounts payable0.611.120.36
Accrued liabilities8.027.399.6
Total current liabilities12.212.313.1
Lease liabilities13.310.67.88
Other non-current liabilities0.070.07
Total liabilities50.722.921
Paid-in capital19433440
Retained earnings-181-247-331
Other comprehensive income0.31-0.130.1
Shareholders' equity-162187110
Total equity-162187110
Total liabilities and equity105210131

Cash flow statement

FY2024FY2024FY2025
Net income-28.7-65.4-83.9
Depreciation and amortization2.272.432.6
Stock-based compensation7.056.986.82
Change in receivables-0.511.030
Change in payables-0.410.52-0.76
Cash from operations-47.4-55-76.8
Capital expenditures-3.26-0.64-2.59
Purchases of investments-49.5-176-44.9
Sales and maturities of investments56.4111
Cash from investing-26-12063.4
Stock issued0.011670
Cash from financing24.41620.01
Net change in cash-49-13.3-13.3
Free cash flow-50.7-55.7-79.3
Income taxes paid0.080

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $6.99 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-26.1%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-24.6%Net income / average total assets.
Return on invested capital (ROIC)-165.0%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-100.0%Revenue vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-41.1%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-37.5%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y117.1%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio24.2xCurrent assets / current liabilities.
Quick ratio24.0x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio24.0x(Cash + short-term investments) / current liabilities.
Liabilities / assets5.7%Total liabilities / total assets.
Working capital$337.7MCurrent assets - current liabilities.
Tangible book value$347.5MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$2.30Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share-$1.95Free cash flow / diluted weighted shares.
Operating cash flow per share-$1.91Cash from operations / diluted weighted shares.
Book value per share$8.82Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$8.82Tangible book value / shares outstanding.
Cash per share$8.86(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$341.7MShare price x shares outstanding.
Enterprise value-$7.7MMarket cap + total debt - cash - short-term investments.
P/B0.98xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.98xMarket cap / tangible book value, when positive.
FCF yield-22.5%Free cash flow / market cap.
Earnings yield-26.6%Net income / market cap (the inverse of P/E).
What was Artiva Biotherapeutics, Inc.'s revenue in fiscal 2025?

Artiva Biotherapeutics, Inc. reported revenue of $0.0 for fiscal 2025, 100% lower than the year before.

Was Artiva Biotherapeutics, Inc. profitable in fiscal 2025?

No. It reported a net loss of $83.9M.

How much free cash flow did Artiva Biotherapeutics, Inc. generate in fiscal 2025?

Cash from operations of $76.8M minus capital expenditures of $2.6M left free cash flow of -$79.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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