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Cytokinetics (CYTK) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 5, 2025

Cytokinetics (CYTK) reported revenue of $1.9M for the third quarter 2025 (Q3 2025), +318% from a year earlier and -97% from the quarter before.

Revenue$1.9M
Year over year+318%
Quarter over quarter-97%
Operating margin—
Net earnings−$306M

Cytokinetics, Q3 2025: revenue $1.9M (+318% year over year), net loss $306M, operating cash flow −$108M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$1.9M-97%+318%
Operating profit−$167M——
Net earnings−$306M——
Operating cash flow−$108M——

What changed

Revenue was $1.9M in Q3 2025, up 318% year over year and down 97% from the previous quarter.

Operating costs exceeded revenue by $166.8M, an operating margin of -8613.4%. Total costs grew 19% against revenue growth of 318%. The fastest-growing cost line was General & admin (+23%). The quarter ended with a net loss of $306.2M, wider than the previous quarter's $134.4M loss.

Operating cash flow was −$107.5M. Non-cash charges added back $2.7M of depreciation and amortization and $30.7M of share-based compensation. Working capital and other items added $165.3M. Capital expenditures of $9.4M exceeded it, leaving free cash flow of −$116.9M.

Questions

What was Cytokinetics' revenue in the third quarter 2025?

Cytokinetics (CYTK) reported revenue of $1.9M for the third quarter 2025 (Q3 2025), +318% from a year earlier and -97% from the quarter before.

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Source: Cytokinetics 10-Q on SEC EDGAR.