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Financial statements

CURIS INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CURIS 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

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue7.539.910.41010.810.610.21010.99.44
Research and development1845.124.422.323.134.943.339.538.628.3
General and administrative15.614.114.811.612.117.319.618.616.814
Operating income-58-49.8-29.3-24.4-24.9-42.1-53-48.3-44.5-5.71
Interest expense2.783.973.930.7900
Interest income0.410.510.680.610.060.211.122.941.770.32
Other non-operating income-2.37-3.56-3.24-7.79-5.01-3.37-3.650.921.15-1.87
Income tax00
Net income-60.4-53.3-32.6-32.1-29.9-45.4-56.7-47.4-43.4-7.58
EBITDA-57.8-49.5-29.2-24.2-24.8-41.9-52.8-48.1-44.3-5.54
EPS, basic-2.25-1.79-0.98-0.97-0.610.50-12.14-8.96-6.88-0.58
EPS, diluted-2.25-1.79-0.98-0.97-0.610.50-12.14-8.96-6.88-0.58
Shares, basic (weighted)26.629.833.133.248.791.64.675.296.3113.2
Shares, diluted (weighted)26.629.833.133.248.791.64.675.296.3113.2

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents2638.323.615.41304019.726.7205.06
Short-term investments18.421.90.635.1138.975.96629.70
Receivables2.463.072.863.243.043.222.982.793.350
Other current assets1.260.990.831.061.223.273.521.783.041.85
Total current assets48.264.3282517312292.160.926.46.92
Property, plant and equipment0.410.370.270.150.660.510.690.430.230.06
Lease right-of-use assets0.156.585.754.43.063.161.89
Goodwill8.988.988.988.988.988.988.988.988.988.98
Long-term investments014.6240
Other non-current assets0000002.023.361.961.57
Total assets57.873.837.435.120416210977.341.320
Accounts payable5.885.422.914.474.176.423.193.173.025.61
Accrued liabilities2.732.793.461.913.636.345.689.047.117.27
Deferred revenue0
Short-term debt4.945.926.9200.5608.57.560
Total current liabilities13.514.113.36.5410.113.410221914.1
Long-term debt14.935.728.600.33
Lease liabilities05.044.362.81.491.620.43
Other non-current liabilities0.020.030.0100.330
Total liabilities28.549.841.96973.771.662.357.647.314.5
Total debt19.941.635.500.8908.57.560
Paid-in capital9289779809831,1771,1821,1961,2161,2341,253
Retained earnings-899-952-985-1,017-1,047-1,092-1,149-1,196-1,240-1,247
Treasury stock-1.52-1.520
Other comprehensive income-0-000-0-0.11-0.190.230
Shareholders' equity29.524-4.5-33.913190.746.619.7-65.46
Total equity29.524-4.5-33.913190.746.619.7-65.46
Total liabilities and equity57.873.837.435.120416210977.341.320
Shares outstanding28.232.833.233.291.591.64.835.898.490.65

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-60.4-53.3-32.6-32.1-29.9-45.4-56.7-47.4-43.4-7.58
Depreciation and amortization0.190.240.180.130.140.160.230.260.20.17
Stock-based compensation4.335.363.942.662.75.286.7565.934.02
Change in receivables-0.35-0.610.21-0.380.2-0.180.250.18-0.56-1.03
Change in payables2.32-0.38-1.870.0614.97-3.883.34-2.082.55
Cash from operations-35.8-48.4-30.1-26.2-25.7-37.6-54.3-38.4-39.6-27.2
Capital expenditures-0.33-0.19-0.09-0.04-0.680-0.420
Purchases of investments-57.6-51.1-26.7-11.5-53.4-93.1-62-70.3-18.10
Sales and maturities of investments88.147.748.27.055.0845.295.410847.50
Cash from investing30.1-3.6321.4-4.46-49-47.93337.829.42.5
Debt issued00.890
Debt repaid-4.27-4.95-6.1-1.8300
Stock issued041.50015905.8414.11215.4
Cash from financing-1.3764.2-5.9623.3189-4.170.877.583.449.77
Net change in cash-7.0512.3-14.7-7.39114-89.7-20.46.93-6.68-14.9
Free cash flow-36.1-48.5-30.2-26.2-26.4-37.6-54.8-38.4
Interest paid2.793.943.924.725.054.444.112.360.461.53

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 $0.83 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-203.2%Operating income / revenue.
EBITDA margin-201.2%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-490.3%Net income / revenue.
Operating cash flow margin-709.0%Cash from operations / revenue.
Return on equity (ROE)-450.5%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-111.5%Net income / average total assets.
R&D / revenue589.2%Research and development expense / revenue.
Stock-based pay / revenue66.4%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue1.9%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-13.4%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-2.4%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-2.7%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value CAGR, 3y-51.0%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-47.0%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-51.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-43.2%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-37.2%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y108.7%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y41.3%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y-23.0%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.49xCurrent assets / current liabilities.
Quick ratio0.37x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.37x(Cash + short-term investments) / current liabilities.
Liabilities / assets75.3%Total liabilities / total assets.
Working capital-$7.0MCurrent assets - current liabilities.
Goodwill and intangibles / assets47.3%(Goodwill + intangible assets) / total assets.
Tangible book value-$4.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.23xRevenue / average total assets.
Fixed asset turnover93.8xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$9.90Net 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$2.02Revenue / diluted weighted shares.
Operating cash flow per share-$14.32Cash from operations / diluted weighted shares.
Book value per share$2.41Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$2.20Tangible book value / shares outstanding.
Cash per share$2.60(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.7MShare price x shares outstanding.
Enterprise value-$3.3MMarket cap + total debt - cash - short-term investments.
P/S0.40xMarket cap / revenue.
P/B0.37xMarket cap / shareholders' equity. Only when equity is positive.
Earnings yield-1,220.0%Net income / market cap (the inverse of P/E).
What was CURIS INC's revenue in fiscal 2025?

CURIS INC reported revenue of $9.4M for fiscal 2025, 13.4% lower than the year before.

Was CURIS INC profitable in fiscal 2025?

No. It reported a net loss of $7.6M.

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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