KARD · NASDAQ · Biotechnology

Kardigan (KARD)

Develops cardiovascular therapies through biologically defined, data-enabled clinical trials.

$21.82
At close+2.22 (+11.33%)
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Kardigan, Inc.KARDHealth Care

Develops three investigational cardiovascular drug programs for biologically defined patient groups and uses Prolaio to collect high-frequency physiologic data in trials; has no approved products or current revenue, and outsources manufacturing.

Develops investigational, precision cardiovascular treatments for biologically defined patient groups, using three lead programs aimed at genetic dilated cardiomyopathy, calcific aortic valve stenosis, and post-discharge acute severe hypertension. Danicamtiv, ataciguat, and tonlamarsen are all in recruiting clinical studies; their rights were licensed or acquired from other drug developers.

Combines the clinical portfolio with Prolaio, a platform that collects continuous physiologic data from wearable sensors and third-party devices to support adaptive trial decisions and digital-measure research. Operations span Princeton, South San Francisco, Chicago, and clinical sites in multiple countries. All manufacturing and trial execution depend on external partners, while Prolaio has not been validated by FDA to support regulatory decision-making for therapeutic candidates.

Company facts

CEOTassos Gianakakos
ListedJun 18, 2026
ExchangeNASDAQ
HeadquartersPrinceton, NJ
CountryUnited States
Employees241
CIK0002123613
ISINUS4859251013

Market cap$1.96B
EPS (ttm)−$1.84
P/E (ttm)−11.89
ROE-109.4%
P/B3.33
P/S0.00
Dividend yieldDiv yield
Beta

No analyst consensus on record.

EPSReportedEstimate

May '26Aug '26
Reported−$1.43−$2.88
Estimate−$0.68
Surprise−326.5%

RevenueReportedEstimate

May '26Aug '26
Reported
Estimate
Surprise
Estimate−$0.68
Reported−$2.88−326.5%
Estimate
Reported
View details

Debt to equity2.20%
Current ratio871.60%

ProfitabilityRevenueNet incomeNet margin

Q1 FY26Q2 FY26
Revenue$0$0
Net income−$56.1M−$116.2M
Net margin

GrowthOperating income

Q1 FY26Q2 FY26
Operating income−$58.7M−$75.2M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $597.6M · Total debt $13.3M · Total assets $721.8M · Shareholders' equity $615.5M

Revenue
$0
Operating income
−$75.2M
Net income
−$116.2M
View details

No dividends on record.

Institutions69 holders · as of Jun 30, 202661.19%57.22M shares
Insiders2 holders · as of Aug 13, 202616.41%15.35M shares
Otherremainder22.40%20.94M shares

93.50M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
SCHF (Gpe), LLCInstitution
18.09%16.92M13Fas of Jun 30, 2026
Gianakakos AnastasiosInsider
11.20%10.47M13Gfiled Aug 13, 2026
FMR LLCInstitution
9.53%8.91M13Fas of Jun 30, 2026
Perceptive Advisors LLCInstitution
8.77%8.20M13Fas of Jun 30, 2026
Edelberg JayInsider
5.22%4.88M13Gfiled Aug 13, 2026
See all 25

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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