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Financial statements

Coya Therapeutics, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Coya Therapeutics, 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

FY2022FY2022FY2023FY2024FY2025
Revenue063.557.95
Research and development2.544.415.511.916.7
General and administrative2.314.857.838.8911.4
Operating expenses4.879.8113.920.830.5
Operating income-4.87-9.81-7.9-17.2-22.6
Other non-operating income-0.020.060.641.651.33
Pre-tax income-12.2-7.26-15.6-21.2
Income tax00.72-0.720
Net income-4.89-12.2-7.99-14.9-21.2
EBITDA-4.85-9.78-7.88-17.2-22.5
EPS, basic-1.89-4.73-0.79-0.98-1.27
EPS, diluted-1.89-4.73-0.79-0.98-1.27
Shares, basic (weighted)2.592.5910.215.216.7
Shares, diluted (weighted)2.592.5910.215.216.7

Balance sheet

FY2022FY2022FY2023FY2024FY2025
Cash and equivalents4.345.9332.638.346.8
Other current assets0.241.251.075.973.12
Total current assets4.587.1841.244.349.9
Property, plant and equipment0.120.090.070.040.01
Total assets4.798.441.344.350
Accounts payable0.861.821.161.591.06
Accrued liabilities0.292.012.971.393.61
Deferred revenue0.920.851.2
Total current liabilities1.153.825.053.825.87
Total liabilities1.1516.85.634.776.92
Paid-in capital0.470.6861.580.3105
Retained earnings-5.62-17.9-25.9-40.7-62
Shareholders' equity3.64-8.3935.639.643
Total equity3.64-8.3935.639.643
Total liabilities and equity4.798.441.344.350
Shares outstanding2.592.5914.416.720.9

Cash flow statement

FY2022FY2022FY2023FY2024FY2025
Net income-4.89-12.2-7.99-14.9-21.2
Depreciation and amortization0.020.030.030.030.03
Stock-based compensation0.230.210.872.664.29
Change in payables0.670.850.30.48-0.53
Cash from operations-3.9-7.24-11.2-10.3-10.7
Cash from investing-0.14-0.53-0.54-0.03-1.16
Stock issued000.091420.3
Cash from financing-0.349.3638.41620.4
Net change in cash-4.381.5926.75.718.48
Income taxes paid0.73-0.73

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 $5.08 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-288.7%Operating income / revenue.
EBITDA margin-288.5%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-270.2%Net income / revenue.
Operating cash flow margin-196.1%Cash from operations / revenue.
Return on equity (ROE)-50.1%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-45.8%Net income / average total assets.
Return on invested capital (ROIC)-19,250.0%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%.
R&D / revenue211.8%Research and development expense / revenue.
Stock-based pay / revenue66.3%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue0.2%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y123.6%Revenue vs the same period a year earlier. Only from a positive base.
Book value growth, 1y8.7%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y12.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y81.2%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y9.8%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y86.2%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio13.4xCurrent assets / current liabilities.
Quick ratio12.3x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio12.3x(Cash + short-term investments) / current liabilities.
Liabilities / assets8.5%Total liabilities / total assets.
Working capital$43.5MCurrent assets - current liabilities.
Tangible book value$43.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.17xRevenue / average total assets.
Fixed asset turnover1,428xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.92Net 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$0.34Revenue / diluted weighted shares.
Operating cash flow per share-$0.67Cash from operations / diluted weighted shares.
Book value per share$1.84Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$1.84Tangible book value / shares outstanding.
Cash per share$1.84(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$119.2MShare price x shares outstanding.
Enterprise value$76.0MMarket cap + total debt - cash - short-term investments.
P/S14.9xMarket cap / revenue.
P/B2.75xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book2.75xMarket cap / tangible book value, when positive.
EV/Sales9.48xEnterprise value / revenue.
Earnings yield-18.2%Net income / market cap (the inverse of P/E).
What was Coya Therapeutics, Inc.'s revenue in fiscal 2025?

Coya Therapeutics, Inc. reported revenue of $7.9M for fiscal 2025, 123.6% higher than the year before.

Was Coya Therapeutics, Inc. profitable in fiscal 2025?

No. It reported a net loss of $21.2M.

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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