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Korro Bio (KRRO) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 7, 2025

Korro Bio (KRRO) reported revenue of $2.5M for the first quarter 2025 (Q1 2025) and +12% from the quarter before. Operating margin was -981.2%, net loss $23.4M (917.1% of revenue).

Revenue$2.5M
Year over year—
Quarter over quarter+12%
Operating margin-981.2%
Net earnings−$23.4M

Korro Bio, Q1 2025: revenue $2.5M, operating margin -981.2%, net loss $23.4M, operating cash flow −$24.5M. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$2.5M+12%—
Operating profit−$25.0M——
Net earnings−$23.4M——
Operating cash flow−$24.5M——

What changed

Revenue was $2.5M in Q1 2025, up 12% from the previous quarter.

Operating costs exceeded revenue by $25.0M, an operating margin of -981.2%. The quarter ended with a net loss of $23.4M, wider than the previous quarter's $21.2M loss.

Operating cash flow was −$24.5M. Non-cash charges added back $1.2M of depreciation and $1.8M of share-based compensation. Working capital and other items used $4.1M. Capital expenditures of $119K exceeded it, leaving free cash flow of −$24.6M.

Questions

What was Korro Bio's revenue in the first quarter 2025?

Korro Bio (KRRO) reported revenue of $2.5M for the first quarter 2025 (Q1 2025) and +12% from the quarter before.

Was Korro Bio profitable in the first quarter 2025?

Operating loss was $25.0M (-981.2% of revenue) and net loss $23.4M.

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Source: Korro Bio 10-Q on SEC EDGAR.