Kura Oncology, Inc.
Business
Kura Oncology, Inc. is a clinical-stage biopharmaceutical company that discovers, develops and aims to commercialize precision small-molecule medicines for oncology. Its main product candidates include ziftomenib, a selective menin‑KMT2A protein‑protein interaction inhibitor, KO‑2806, a next‑generation farnesyl transferase inhibitor (FTI), and tipifarnib, an orally bioavailable FTI, alongside discovery-stage programs and companion diagnostic pairing. The company organizes its activities around menin inhibitor and FTI programs, clinical development and translational research, and strategic collaborations and licensing. It distributes and conducts clinical trials globally, working with partners, investigators and third‑party manufacturers and diagnostic developers.
Summary from filing dated 2025-02-28
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 67 | 54 | 0 | — | — | |
| Cost of product sales | 57,000 | 0 | 0 | — | — | |
| Research and development | 251 | 170 | 115 | 93 | 85 | |
| Selling, general and administrative | 120 | 77 | 51 | — | — | |
| Total operating expenses | 371 | 247 | 166 | 140 | 131 | |
| Loss from operations | −304 | −193 | −166 | −140 | — | |
| Interest and other income, net | 27 | 23 | 15 | 4 | 1 | |
| Interest expense | −2 | −2 | −2 | −229,000 | — | |
| Total other income, net | 25 | 21 | 13 | 4 | 792,000 | |
| Loss before income taxes | −278 | −172 | −153 | −136 | — | |
| Income tax expense | 297,000 | 2 | 0 | 0 | — | |
| Net Loss | −279 | −174 | −153 | −136 | −130 | |
| Net loss per share, basic | −3.18 | −2.02 | −2.08 | −2.03 | −1.97 | |
| Net loss per share, diluted | −3.18 | −2.02 | −2.08 | −2.03 | −1.97 | |
| Weighted average number of shares used in computing net loss per share, basic | 88 | 86 | 73 | 67 | 66 | |
| Weighted average number of shares used in computing net loss per share, diluted | 88 | 86 | 73 | 67 | 66 | |
| Unrealized gain on short-term investments | 260,000 | 2 | 7 | — | — | |
| Comprehensive loss | −278 | −172 | −146 | −142 | −132 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 149 | 224 | 37 | 52 | 91 | |
| Short-term investments | 518 | 503 | 387 | 386 | 427 | |
| Accounts receivable, net | 9 | 2 | — | — | — | |
| Inventory | 413,000 | 0 | — | — | — | |
| Prepaid expenses and other current assets | 32 | 15 | 9 | 8 | 4 | |
| Total current assets | 709 | 745 | 432 | 446 | 522 | |
| Property and equipment, net | 8 | 2 | 2 | 3 | 3 | |
| Operating lease right-of-use assets | 7 | 6 | 7 | 4 | 6 | |
| Other long-term assets | 15 | 8 | 8 | 3 | 3 | |
| Total assets | 738 | 760 | 449 | 456 | 534 | |
| Accounts payable | 5 | 1 | — | — | — | |
| Accrued expenses and other current liabilities | 62 | 48 | — | — | — | |
| Current operating lease liabilities | 1 | 2 | 2 | 2 | 2 | |
| Current portion of long-term debt | 0 | 3 | — | — | — | |
| Current portion of contract liabilities | 49 | 24 | — | — | — | |
| Total current liabilities | 117 | 79 | 35 | 24 | 22 | |
| Long-term debt, net of current portion | 10 | 7 | 9 | 9 | — | |
| Long-term operating lease liabilities | 9 | 5 | 6 | 3 | 5 | |
| Other long-term liabilities | 3 | 2 | 705,000 | 265,000 | 375,000 | |
| Long-term contract liabilities | 425 | 254 | — | — | — | |
| Total liabilities | 564 | 347 | 52 | 36 | 27 | |
| Commitments and contingencies (Note 9) | — | — | — | — | — | |
| Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares issued and outstanding | — | — | — | — | — | |
| Common stock, $0.0001 par value; 200,000 shares authorized; 87,855 and 78,229 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 9,000 | 8,000 | 7,000 | 7,000 | 7,000 | |
| Additional paid-in capital | 1,347 | 1,308 | 1,120 | 997 | 941 | |
| Accumulated other comprehensive income | 1 | 764,000 | −1 | −8 | −2 | |
| Accumulated deficit | −1,174 | −895 | −721 | −569 | −433 | |
| Total stockholders' equity | 174 | 414 | 397 | 420 | 507 | |
| Total liabilities and stockholders' equity | 738 | 760 | 449 | 456 | 534 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Share-based compensation expense | 37 | 34 | 28 | 26 | 24 | |
| Amortization of premium and accretion of discounts on short-term investments, net | −8 | −13 | −9 | 2 | 4 | |
| Depreciation expense | 1 | 800,000 | 800,000 | 800,000 | 600,000 | |
| Non-cash interest expense | 515,000 | 523,000 | 477,000 | 73,000 | 399,000 | |
| Accounts receivable, net | −7 | −2 | 0 | — | — | |
| Inventory | −413,000 | 0 | 0 | — | — | |
| Prepaid expenses and other current assets | −16 | −7 | −2 | −3 | −357,000 | |
| Accounts payable | 4 | −2 | −924,000 | — | — | |
| Accrued expenses and other current liabilities | 13 | 17 | 11 | — | — | |
| Operating lease right-of-use and other long-term assets | −6 | 947,000 | −685,000 | 571,000 | −329,000 | |
| Other long-term liabilities | 1 | 758,000 | 137,000 | 184,000 | −20,000 | |
| Contract liabilities | 196 | 278 | 0 | — | — | |
| Net cash (used in) provided by operating activities | −64 | 134 | −125 | −110 | −105 | |
| Purchases of short-term investments | −762 | −659 | −410 | −271 | — | |
| Maturities of short-term investments | 755 | 558 | 426 | 304 | — | |
| Purchases of property and equipment | −7 | −472,000 | −168,000 | −626,000 | −1 | |
| Net cash (used in) provided by investing activities | −13 | −102 | 16 | 33 | −127 | |
| Proceeds from issuance of stock under equity plans | 2 | 9 | 1 | 4 | 4 | |
| Proceeds from issuances of common stock and pre-funded warrants, net of offering costs | 0 | 146 | 94 | 25 | — | |
| Net cash provided by financing activities | 2 | 154 | 95 | 39 | −3 | |
| Net (decrease) increase in cash and cash equivalents | −75 | 187 | −14 | −39 | −235 | |
| Interest paid | 998,000 | 1 | 1 | 73,000 | 784,000 |