Viking Therapeutics (VKTX) | Financial Analysis & Statements
Viking Therapeutics Inc. Mid-cap Healthcare
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
0
Operating Income
-164.7M
Net Income
-157.7M
EPS (Diluted)
$-1.38
Balance Sheet Metrics
Total Assets
715.7M
Total Liabilities
76.7M
Shareholders Equity
639.1M
Debt to Equity
0.12
Cash Flow Metrics
Operating Cash Flow
-99.9M
Free Cash Flow
-85.3M
Revenue & Profitability Trend
Viking Therapeutics Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating Expenses | |||||
| Research & Development | 345.0M | 101.6M | 63.8M | 54.2M | 45.0M |
| Selling, General & Administrative | 48.4M | 49.3M | 37.0M | 16.1M | 10.7M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 393.3M | 150.9M | 100.8M | 70.4M | 55.7M |
| Operating Income | -393.3M | -150.9M | -100.8M | -70.4M | -55.7M |
| Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Non-Operating Items | |||||
| Interest Income | 33.7M | 40.9M | 15.0M | 1.6M | 703.0K |
| Interest Expense | - | - | - | - | - |
| Other Non-Operating Income | 55.0K | 112.0K | - | -42.0K | 7.0K |
| Pre-tax Income | -359.6M | -110.0M | -85.9M | -68.9M | -55.0M |
| Income Tax | - | - | - | - | - |
| Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Income | -359.6M | -110.0M | -85.9M | -68.9M | -55.0M |
| Net Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Key Metrics | |||||
| EBITDA | -393.0M | -150.7M | -100.5M | -70.0M | -55.4M |
| EPS (Basic) | $-3.19 | $-1.01 | $-0.91 | $-0.90 | $-0.71 |
| EPS (Diluted) | $-3.19 | $-1.01 | $-0.91 | $-0.90 | $-0.71 |
| Basic Shares Outstanding | 112667000 | 109037000 | 94347000 | 76834000 | 77198000 |
| Diluted Shares Outstanding | 112667000 | 109037000 | 94347000 | 76834000 | 77198000 |
Income Statement Trend
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Viking Therapeutics Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 165.8M | 26.7M | 55.5M | 36.6M | 26.4M |
| Short-term Investments | 539.9M | 875.9M | 306.6M | 118.9M | 175.7M |
| Accounts Receivable | - | - | - | - | - |
| Inventory | - | - | - | - | - |
| Other Current Assets | 1.8M | 1.1M | 2.5M | 3.4M | 619.0K |
| Total Current Assets | 715.6M | 907.2M | 367.2M | 167.0M | 210.5M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 |
| Goodwill | - | - | - | - | - |
| Intangible Assets | - | - | - | - | - |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 0 | 56.0K | 106.0K | 38.0K | 76.0K |
| Total Non-Current Assets | 131.0K | 1.1M | 1.3M | 1.5M | 134.0K |
| Total Assets | 715.7M | 908.3M | 368.5M | 168.5M | 210.7M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 53.3M | 9.8M | 7.5M | 8.5M | 1.4M |
| Short-term Debt | 137.0K | 489.0K | 324.0K | 304.0K | 29.0K |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | 76.7M | 27.4M | 19.1M | 21.9M | 8.8M |
| Non-Current Liabilities | |||||
| Long-term Debt | 0 | 630.0K | 936.0K | 1.3M | 0 |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 630.0K | 936.0K | 1.3M | 0 |
| Total Liabilities | 76.7M | 28.0M | 20.1M | 23.2M | 8.8M |
| Equity | |||||
| Common Stock | 1.0K | 1.0K | 1.0K | 1.0K | 1.0K |
| Retained Earnings | -847.5M | -487.9M | -377.9M | -292.0M | -223.2M |
| Treasury Stock | 0 | 0 | 6.8M | 6.8M | 0 |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 639.1M | 880.3M | 348.4M | 145.3M | 201.9M |
| Key Metrics | |||||
| Total Debt | 137.0K | 1.1M | 1.3M | 1.6M | 29.0K |
| Working Capital | 638.9M | 879.8M | 348.1M | 145.1M | 201.8M |
Balance Sheet Composition
Viking Therapeutics Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -359.6M | -110.0M | -85.9M | -68.9M | -55.0M |
| Depreciation & Amortization | 431.0K | 346.0K | 292.0K | 291.0K | 296.0K |
| Stock-Based Compensation | 40.8M | 29.7M | 16.8M | 8.7M | 6.1M |
| Working Capital Changes | 48.0M | 3.1M | -1.0M | 7.5M | -1.7M |
| Operating Cash Flow | -270.3M | -76.7M | -69.8M | -52.3M | -50.3M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | -418.0M | -1.1B | -478.3M | -121.4M | -168.0M |
| Investment Sales | 759.4M | 560.0M | 299.2M | 176.2M | 206.0M |
| Investing Cash Flow | 341.4M | -553.4M | -179.1M | 54.8M | 38.0M |
| Financing Activities | |||||
| Share Repurchases | - | 0 | 0 | -6.8M | 0 |
| Dividends Paid | - | - | - | - | - |
| Debt Issuance | - | - | - | - | - |
| Debt Repayment | - | - | - | - | - |
| Financing Cash Flow | 73.9M | 601.7M | 264.6M | 3.3M | -753.0K |
| Free Cash Flow | -278.7M | -87.8M | -73.4M | -48.4M | -47.6M |
| Net Change in Cash | 145.0M | -28.4M | 15.8M | 5.8M | -13.1M |
Cash Flow Trend
Viking Therapeutics Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
-10.27
Forward P/E
-7.35
Price to Book
5.89
PEG Ratio
-0.03
Profitability Ratios
Profit Margin
0.00%
Operating Margin
0.00%
Return on Equity
-47.34%
Return on Assets
-30.28%
Financial Health
Current Ratio
9.33
Debt to Equity
0.02
Beta
0.82
Per Share Data
EPS (TTM)
$-3.19
Book Value per Share
$5.57
Revenue per Share
$0.00
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| VKTX | 3.8B | -10.27 | 5.89 | -47.34% | 0.00% | 0.02 |
| Vertex | 109.4B | 28.40 | 5.92 | 22.54% | 32.94% | 10.91 |
| Regeneron | 81.0B | 18.00 | 2.45 | 14.86% | 31.41% | 9.51 |
| Praxis Precision | 9.6B | - | 9.46 | -45.83% | 0.00% | 0.01 |
| Axsome Therapeutics | 9.5B | -50.54 | 105.31 | -252.12% | -28.69% | 247.03 |
| Bio-Techne | 9.1B | 117.16 | 4.55 | 3.80% | 6.41% | 20.07 |
Financial data is updated regularly. All figures are in the company's reporting currency.






