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Financial statements

Camp4 Therapeutics Corp financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Camp4 Therapeutics Corp 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
Revenue0.350.653.5
Research and development40.638.838.2
General and administrative11.614.917.4
Operating expenses52.253.756.1
Operating income-51.9-53.1-52.6
Interest income2.811.332.17
Other non-operating income2.591.3-27.8
Income tax000
Net income-49.3-51.8-80.4
EBITDA-50.2-51.4-50.9
EPS, basic-124.80-11.04-2.65
EPS, diluted-124.80-11.04-2.65
Shares, basic (weighted)0.394.6930.4
Shares, diluted (weighted)0.394.6930.4
Dividend per share0.000.00

Balance sheet

FY2024FY2024FY2025
Cash and equivalents38.464110
Other current assets0.250.210.34
Total current assets4066.4114
Property, plant and equipment4.83.862.34
Lease right-of-use assets7.766.020.4
Other non-current assets0.430.08
Total assets54.978.3118
Accounts payable1.041.210.18
Accrued liabilities3.34.835.66
Deferred revenue00.399.39
Total current liabilities7.819.615.5
Lease liabilities8.495.491.69
Other non-current liabilities00.070.03
Total liabilities16.515.270.1
Paid-in capital36.2275340
Retained earnings-160-212-292
Shareholders' equity-12463.147.7
Total equity-12463.147.7
Total liabilities and equity54.978.3118
Shares outstanding0.4620.151.9

Cash flow statement

FY2024FY2024FY2025
Net income-49.3-51.8-80.4
Depreciation and amortization1.681.71.64
Stock-based compensation2.914.034
Change in payables-1.120.17-1.03
Cash from operations-44.2-45.6-29.6
Capital expenditures-0.68-0.44-0.28
Cash from investing-0.68-0.44-0.24
Stock issued076.457.5
Cash from financing0.371.775.9
Net change in cash-44.525.746.1
Free cash flow-44.8-46-29.8

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 $3.92 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-1,254.0%Operating income / revenue.
EBITDA margin-1,212.0%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-2,544.0%Net income / revenue.
FCF margin-681.2%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-678.2%Cash from operations / revenue.
Return on assets (ROA)-114.8%Net income / average total assets.
R&D / revenue917.7%Research and development expense / revenue.
Stock-based pay / revenue131.4%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue3.1%Capital expenditures / revenue.
D&A / revenue42.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y436.5%Revenue vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-24.5%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y50.4%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y547.8%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 ratio4.70xCurrent assets / current liabilities.
Quick ratio4.51x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio4.51x(Cash + short-term investments) / current liabilities.
Liabilities / assets100.7%Total liabilities / total assets.
Working capital$70.9MCurrent assets - current liabilities.
Tangible book value-$693.0KShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.05xRevenue / average total assets.
Fixed asset turnover2.28xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.85Net 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.
Revenue per share$0.07Revenue / diluted weighted shares.
FCF per share-$0.50Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.49Cash from operations / diluted weighted shares.
Book value per share-$0.01Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.01Tangible book value / shares outstanding.
Cash per share$1.66(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$246.0MShare price x shares outstanding.
Enterprise value$159.6MMarket cap + total debt - cash - short-term investments.
P/S58.3xMarket cap / revenue.
EV/Sales37.9xEnterprise value / revenue.
FCF yield-11.7%Free cash flow / market cap.
Earnings yield-43.6%Net income / market cap (the inverse of P/E).
What was Camp4 Therapeutics Corp's revenue in fiscal 2025?

Camp4 Therapeutics Corp reported revenue of $3.5M for fiscal 2025, 436.5% higher than the year before.

Was Camp4 Therapeutics Corp profitable in fiscal 2025?

No. It reported a net loss of $80.4M.

How much free cash flow did Camp4 Therapeutics Corp generate in fiscal 2025?

Cash from operations of $29.6M minus capital expenditures of $279.0K left free cash flow of -$29.8M.

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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