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Artiva Biotherapeutics (ARTV) Financials

Artiva Biotherapeutics logo
$9.88 +0.73 (+7.92%)
As of 03:30 PM Eastern
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Annual Income Statements for Artiva Biotherapeutics

Annual Income Statements for Artiva Biotherapeutics

This table shows Artiva Biotherapeutics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-29 -65 -84
Consolidated Net Income / (Loss)
-29 -65 -84
Net Income / (Loss) Continuing Operations
-29 -66 -84
Total Pre-Tax Income
-29 -66 -84
Total Operating Income
-31 -67 -90
Total Gross Profit
33 0.25 0.00
Total Revenue
33 0.25 0.00
Operating Revenue
33 0.25 0.00
Total Cost of Revenue
0.00 0.00 0.00
Total Operating Expenses
64 68 90
Selling, General & Admin Expense
14 17 20
Research & Development Expense
50 50 70
Total Other Income / (Expense), net
2.02 1.75 5.96
Interest & Investment Income
2.54 5.35 5.96
Other Income / (Expense), net
-0.51 -3.60 0.00
Basic Earnings per Share
($35.78) ($5.81) ($3.43)
Weighted Average Basic Shares Outstanding
802.75K 11.26M 24.44M
Diluted Earnings per Share
($35.78) ($5.81) ($3.43)
Weighted Average Diluted Shares Outstanding
802.75K 11.26M 24.44M
Weighted Average Basic & Diluted Shares Outstanding
- 24.36M 24.72M

Quarterly Income Statements for Artiva Biotherapeutics

This table shows Artiva Biotherapeutics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
11 -14 -18 -17 -16 -20 -21 -22 -21 -24
Consolidated Net Income / (Loss)
11 -14 -18 -17 -16 -20 -21 -22 -21 -24
Net Income / (Loss) Continuing Operations
11 -14 -18 -17 -16 -20 -21 -22 -21 -24
Total Pre-Tax Income
11 -14 -18 -17 -16 -20 -21 -22 -21 -24
Total Operating Income
11 -14 -16 -18 -18 -22 -23 -23 -22 -24
Total Gross Profit
27 0.25 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Revenue
27 0.25 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Operating Revenue
27 0.25 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Cost of Revenue
0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Operating Expenses
16 15 16 18 18 22 23 23 22 24
Selling, General & Admin Expense
2.78 3.59 3.86 4.81 4.95 5.12 4.95 5.26 4.94 5.12
Research & Development Expense
13 11 12 14 13 17 18 18 17 19
Total Other Income / (Expense), net
0.47 0.53 -1.68 0.87 2.03 1.86 1.56 1.37 1.16 0.91
Interest & Investment Income
0.42 0.65 0.68 1.85 2.18 1.86 1.56 1.37 1.16 0.91
Other Income / (Expense), net
0.05 -0.12 -2.35 -0.98 -0.15 0.00 0.00 0.00 - 0.00
Basic Earnings per Share
$13.98 ($17.24) ($22.00) ($0.92) $34.35 ($0.83) ($0.87) ($0.88) ($0.85) ($0.95)
Weighted Average Basic Shares Outstanding
806.71K 809.76K 811.21K 18.90M 11.26M 24.34M 24.38M 24.48M 24.44M 24.68M
Diluted Earnings per Share
$1.62 ($17.24) ($22.00) ($0.92) $34.35 ($0.83) ($0.87) ($0.88) ($0.85) ($0.95)
Weighted Average Diluted Shares Outstanding
6.97M 809.76K 811.21K 18.90M 11.26M 24.34M 24.38M 24.48M 24.44M 24.68M
Weighted Average Basic & Diluted Shares Outstanding
- - 24.29M 24.29M 24.36M 24.36M 24.43M 24.54M 24.72M 24.72M

Annual Cash Flow Statements for Artiva Biotherapeutics

This table details how cash moves in and out of Artiva Biotherapeutics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
-49 -13 -13
Net Cash From Operating Activities
-47 -55 -77
Net Cash From Continuing Operating Activities
-48 -55 -77
Net Income / (Loss) Continuing Operations
-29 -65 -84
Consolidated Net Income / (Loss)
-29 -65 -84
Depreciation Expense
2.27 2.43 2.60
Amortization Expense
-0.46 -2.34 -1.88
Non-Cash Adjustments To Reconcile Net Income
7.05 6.98 6.82
Changes in Operating Assets and Liabilities, net
-28 3.23 -0.40
Net Cash From Investing Activities
-26 -120 63
Net Cash From Continuing Investing Activities
-26 -120 63
Purchase of Property, Plant & Equipment
-3.26 -0.64 -2.59
Purchase of Investments
-50 -176 -45
Sale and/or Maturity of Investments
27 56 111
Net Cash From Financing Activities
24 162 0.01
Net Cash From Continuing Financing Activities
24 162 0.01
Repurchase of Common Equity
-0.01 -4.18 0.00
Issuance of Common Equity
0.00 167 0.00
Other Financing Activities, net
24 -0.10 0.01

Quarterly Cash Flow Statements for Artiva Biotherapeutics

This table details how cash moves in and out of Artiva Biotherapeutics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents
12 -12 -5.30 -14 22 -16 -9.63 -1.93 -2.96 1.19 -5.75
Net Cash From Operating Activities
-11 -11 -15 -14 -12 -15 -20 -23 -19 -15 -21
Net Cash From Continuing Operating Activities
-11 -11 -15 -14 -12 -15 -20 -23 -19 -15 -21
Net Income / (Loss) Continuing Operations
11 -12 -14 -18 -17 -16 -20 -21 -22 -21 -24
Consolidated Net Income / (Loss)
11 -12 -14 -18 -17 -16 -20 -21 -22 -21 -24
Depreciation Expense
0.56 0.59 0.59 0.60 0.63 0.61 0.63 0.64 0.66 0.67 0.67
Amortization Expense
-0.16 -0.28 -0.37 -0.27 -0.66 -1.04 -0.72 -0.51 -0.36 -0.29 -0.20
Non-Cash Adjustments To Reconcile Net Income
1.49 1.28 1.41 4.10 2.88 -1.41 2.04 1.56 1.63 1.59 1.59
Changes in Operating Assets and Liabilities, net
-24 -0.41 -2.79 -0.36 3.10 3.29 -1.47 -3.44 0.44 4.07 0.51
Net Cash From Investing Activities
-0.49 -2.67 9.78 1.35 -131 -0.97 9.97 21 16 16 15
Net Cash From Continuing Investing Activities
-0.43 -2.67 9.78 1.35 -131 -0.97 9.97 21 16 16 15
Purchase of Property, Plant & Equipment
-0.11 -0.64 -0.02 -0.46 -0.10 -0.06 -0.51 -1.06 -0.60 -0.42 -0.24
Purchase of Investments
-12 -15 -6.20 -12 -143 -15 -19 -6.07 -13 -7.54 -6.44
Sale and/or Maturity of Investments
12 13 16 14 12 14 29 28 30 24 22
Net Cash From Financing Activities
23 0.96 0.00 -1.62 164 -0.03 0.24 -0.07 -0.04 -0.12 -0.11
Net Cash From Continuing Financing Activities
23 0.96 0.00 -1.62 164 -0.03 0.24 -0.03 -0.17 -0.03 -0.11
Repurchase of Common Equity
- - - - -2.60 -0.02 0.00 - - - 0.00
Issuance of Common Equity
- - - - - - 0.00 - - - 0.00
Other Financing Activities, net
23 0.96 0.00 -0.06 -0.03 -0.01 0.24 -0.03 -0.17 -0.03 -0.11

Annual Balance Sheets for Artiva Biotherapeutics

This table presents Artiva Biotherapeutics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Total Assets
105 210 131
Total Current Assets
80 189 113
Cash & Equivalents
54 40 27
Short-Term Investments
23 145 81
Accounts Receivable
1.76 0.15 0.07
Prepaid Expenses
1.09 3.06 4.59
Plant, Property, & Equipment, net
8.10 6.37 6.62
Total Noncurrent Assets
17 15 12
Noncurrent Note & Lease Receivables
0.00 0.26 0.21
Other Noncurrent Operating Assets
17 14 11
Total Liabilities & Shareholders' Equity
105 210 131
Total Liabilities
51 23 21
Total Current Liabilities
12 12 13
Accounts Payable
0.61 1.12 0.36
Accrued Expenses
8.02 7.39 9.60
Other Current Liabilities
3.60 3.74 3.13
Total Noncurrent Liabilities
38 11 7.88
Capital Lease Obligations
0.00 0.04 0.00
Other Noncurrent Operating Liabilities
38 11 7.88
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-162 187 110
Total Preferred & Common Equity
-162 187 110
Preferred Stock
0.00 0.00 0.00
Total Common Equity
-162 187 110
Common Stock
19 433 440
Retained Earnings
-181 -247 -331
Accumulated Other Comprehensive Income / (Loss)
0.31 -0.13 0.10

Quarterly Balance Sheets for Artiva Biotherapeutics

This table presents Artiva Biotherapeutics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets
76 226 191 169 149 106
Total Current Assets
50 151 170 149 130 89
Cash & Equivalents
34 56 30 28 26 21
Short-Term Investments
12 91 136 114 97 66
Accounts Receivable
1.46 0.70 0.23 0.03 0.08 0.00
Prepaid Expenses
1.73 3.23 3.81 6.67 6.48 1.96
Plant, Property, & Equipment, net
7.32 6.86 7.06 6.89 6.98 6.22
Total Noncurrent Assets
19 68 14 13 12 11
Noncurrent Note & Lease Receivables
0.29 0.28 0.25 0.23 0.22 0.20
Other Noncurrent Operating Assets
19 15 14 13 12 11
Total Liabilities & Shareholders' Equity
76 226 191 169 149 106
Total Liabilities
51 25 22 20 20 18
Total Current Liabilities
11 13 12 11 11 11
Accounts Payable
0.82 1.22 2.04 1.22 0.85 2.29
Accrued Expenses
6.21 8.34 6.38 5.84 7.03 5.56
Other Current Liabilities
3.79 3.73 3.79 3.72 3.25 3.04
Total Noncurrent Liabilities
40 11 10 9.58 8.52 7.23
Capital Lease Obligations
0.11 0.08 0.01 0.00 0.00 0.00
Other Noncurrent Operating Liabilities
40 11 10 9.58 8.52 7.23
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-191 201 169 149 129 88
Total Preferred & Common Equity
-191 201 169 149 129 88
Preferred Stock
- 0.00 0.00 0.00 0.00 0.00
Total Common Equity
-191 201 169 149 129 88
Common Stock
22 431 436 437 439 442
Retained Earnings
-213 -231 -267 -288 -310 -354
Accumulated Other Comprehensive Income / (Loss)
0.12 0.34 0.00 0.00 0.09 -0.02

Annual Metrics And Ratios for Artiva Biotherapeutics

This table displays calculated financial ratios and metrics derived from Artiva Biotherapeutics' official financial filings.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
0.00 24,289,328.00 24,544,904.00
DEI Adjusted Shares Outstanding
0.00 24,289,328.00 24,544,904.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 -2.69 -3.42
Growth Metrics
- - -
Revenue Growth
0.00% -99.25% -100.00%
EBITDA Growth
0.00% -141.00% -25.86%
EBIT Growth
0.00% -127.30% -26.71%
NOPAT Growth
0.00% -119.37% -33.48%
Net Income Growth
0.00% -127.62% -28.29%
EPS Growth
0.00% 83.76% 40.96%
Operating Cash Flow Growth
0.00% -16.03% -39.47%
Free Cash Flow Firm Growth
0.00% 0.00% 10.37%
Invested Capital Growth
0.00% 105.57% 56.09%
Revenue Q/Q Growth
0.00% 0.00% 0.00%
EBITDA Q/Q Growth
0.00% 0.00% -3.15%
EBIT Q/Q Growth
0.00% 0.00% -4.08%
NOPAT Q/Q Growth
0.00% 0.00% -4.26%
Net Income Q/Q Growth
0.00% 0.00% -5.91%
EPS Q/Q Growth
0.00% 0.00% -110.80%
Operating Cash Flow Q/Q Growth
0.00% -7.79% -0.10%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00%
Invested Capital Q/Q Growth
0.00% 0.00% -68.64%
Profitability Metrics
- - -
Gross Margin
100.00% 100.00% 0.00%
EBITDA Margin
-87.70% -28,203.19% 0.00%
Operating Margin
-91.58% -26,805.58% 0.00%
EBIT Margin
-93.11% -28,238.65% 0.00%
Profit (Net Income) Margin
-85.75% -26,045.02% 0.00%
Tax Burden Percent
100.25% 99.76% 100.02%
Interest Burden Percent
91.87% 92.45% 93.36%
Effective Tax Rate
0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00%
Return on Equity (ROE)
-52.80% -54.24% -56.55%
Cash Return on Invested Capital (CROIC)
0.00% -5,642.59% -3,949.80%
Operating Return on Assets (OROA)
-29.67% -45.05% 0.00%
Return on Assets (ROA)
-27.32% -41.55% 0.00%
Return on Common Equity (ROCE)
157.24% -5.54% -56.55%
Return on Equity Simple (ROE_SIMPLE)
17.73% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
-21 -47 -63
NOPAT Margin
-64.10% -18,763.90% 0.00%
Net Nonoperating Expense Percent (NNEP)
-9.42% -13.93% -14.31%
Return On Investment Capital (ROIC_SIMPLE)
13.25% -25.23% -57.17%
Cost of Revenue to Revenue
0.00% 0.00% 0.00%
SG&A Expenses to Revenue
41.54% 6,854.58% 0.00%
R&D to Revenue
150.04% 20,051.00% 0.00%
Operating Expenses to Revenue
191.58% 26,905.58% 0.00%
Earnings before Interest and Taxes (EBIT)
-31 -71 -90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-29 -71 -89
Valuation Ratios
- - -
Price to Book Value (P/BV)
0.00 1.31 0.96
Price to Tangible Book Value (P/TBV)
0.00 1.31 0.96
Price to Revenue (P/Rev)
4.99 975.44 0.00
Price to Earnings (P/E)
0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 47.30 0.00
Enterprise Value to Revenue (EV/Rev)
9.15 236.86 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00
Leverage & Solvency
- - -
Debt to Equity
0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00
Financial Leverage
-1.42 -1.09 -0.99
Leverage Ratio
1.93 1.31 1.15
Compound Leverage Factor
1.78 1.21 1.07
Debt to Total Capital
0.00% 0.02% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.02% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
397.83% 0.00% 0.00%
Common Equity to Total Capital
-297.83% 99.98% 100.00%
Debt to EBITDA
0.00 0.00 0.00
Net Debt to EBITDA
0.00 2.62 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00
Net Debt to NOPAT
0.00 3.94 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00
Altman Z-Score
-0.33 4.65 -1.87
Noncontrolling Interest Sharing Ratio
397.83% 89.78% 0.00%
Liquidity Ratios
- - -
Current Ratio
6.53 15.39 8.61
Quick Ratio
6.44 15.15 8.26
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
0.00 -71 -64
Operating Cash Flow to CapEx
-1,455.80% -8,571.96% -2,966.80%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00
Efficiency Ratios
- - -
Asset Turnover
0.32 0.00 0.00
Accounts Receivable Turnover
19.05 0.26 0.00
Inventory Turnover
0.00 0.00 0.00
Fixed Asset Turnover
4.14 0.03 0.00
Accounts Payable Turnover
0.00 0.00 0.00
Days Sales Outstanding (DSO)
19.16 1,384.38 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00
Cash Conversion Cycle (CCC)
19.16 1,384.38 0.00
Capital & Investment Metrics
- - -
Invested Capital
-23 1.26 1.96
Invested Capital Turnover
-1.48 -0.02 0.00
Increase / (Decrease) in Invested Capital
0.00 24 0.71
Enterprise Value (EV)
306 59 -2.71
Market Capitalization
167 245 105
Book Value per Share
($201.83) $7.68 $4.48
Tangible Book Value per Share
($201.83) $7.68 $4.48
Total Capital
54 187 110
Total Debt
0.00 0.04 0.00
Total Long-Term Debt
0.00 0.04 0.00
Net Debt
-77 -185 -108
Capital Expenditures (CapEx)
3.26 0.64 2.59
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-9.38 -9.05 -8.43
Debt-free Net Working Capital (DFNWC)
68 176 100
Net Working Capital (NWC)
68 176 100
Net Nonoperating Expense (NNE)
7.25 18 21
Net Nonoperating Obligations (NNO)
-77 -185 -108
Total Depreciation and Amortization (D&A)
1.81 0.09 0.72
Debt-free, Cash-free Net Working Capital to Revenue
-28.00% -3,605.58% 0.00%
Debt-free Net Working Capital to Revenue
201.82% 70,270.12% 0.00%
Net Working Capital to Revenue
201.82% 70,270.12% 0.00%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$0.00 ($5.81) ($3.43)
Adjusted Weighted Average Basic Shares Outstanding
0.00 11.26M 24.44M
Adjusted Diluted Earnings per Share
$0.00 ($5.81) ($3.43)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 11.26M 24.44M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 24.36M 24.72M
Normalized Net Operating Profit after Tax (NOPAT)
-21 -47 -63
Normalized NOPAT Margin
-64.10% -18,763.90% 0.00%
Pre Tax Income Margin
-85.54% -26,107.57% 0.00%
Debt Service Ratios
- - -
EBIT to Interest Expense
0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00
Payout Ratios
- - -
Dividend Payout Ratio
0.00% 0.00% 0.00%
Augmented Payout Ratio
-0.04% -6.40% 0.00%

Quarterly Metrics And Ratios for Artiva Biotherapeutics

This table displays calculated financial ratios and metrics derived from Artiva Biotherapeutics' official financial filings.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding
0.00 0.00 0.00 24,287,144.00 24,289,328.00 24,363,119.00 24,363,119.00 24,425,762.00 24,544,904.00 24,716,672.00
DEI Adjusted Shares Outstanding
0.00 0.00 0.00 24,287,144.00 24,289,328.00 24,363,119.00 24,363,119.00 24,425,762.00 24,544,904.00 24,716,672.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 0.00 0.00 -0.72 -0.66 -0.83 -0.87 -0.88 -0.85 -0.95
Growth Metrics
- - - - - - - - - -
Revenue Growth
0.00% 0.00% -100.00% -100.00% 0.00% -100.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth
0.00% 0.00% -54.43% -271.82% 0.00% -54.69% -24.52% -16.79% -14.42% -7.62%
EBIT Growth
0.00% 0.00% -57.23% -277.81% 0.00% -51.72% -23.02% -18.56% -19.12% -10.19%
NOPAT Growth
0.00% 0.00% -36.92% -218.72% 0.00% -52.99% -40.89% -24.88% -20.08% -10.19%
Net Income Growth
0.00% 0.00% -58.13% -254.91% 0.00% -45.46% -19.12% -23.21% -29.06% -15.78%
EPS Growth
0.00% 0.00% -56.14% -156.79% 0.00% 95.19% 96.05% 4.35% -102.47% -14.46%
Operating Cash Flow Growth
0.00% 0.00% 0.00% -8.03% -37.24% -31.52% -67.94% -65.37% -0.52% -5.59%
Free Cash Flow Firm Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -546.66% -45.44% 0.00% 16.43%
Invested Capital Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 131.59% 324.42% 56.09% -62.38%
Revenue Q/Q Growth
662.25% 0.00% -100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth
195.46% 0.00% -26.52% -6.22% 2.61% -18.18% -1.85% 0.38% 4.58% -11.16%
EBIT Q/Q Growth
192.10% 0.00% -26.89% -4.15% 4.66% -20.42% -2.88% -0.38% 4.21% -11.39%
NOPAT Q/Q Growth
230.62% 0.00% -11.72% -13.25% 0.38% -21.39% -2.88% -0.38% 4.21% -11.39%
Net Income Q/Q Growth
199.96% 0.00% -27.79% 2.08% 7.88% -26.19% -4.64% -1.29% 3.51% -13.21%
EPS Q/Q Growth
111.50% 0.00% -27.61% 95.82% 3,833.70% -102.42% -4.82% -1.15% 3.41% -11.76%
Operating Cash Flow Q/Q Growth
0.00% -41.32% 9.29% 15.16% -26.17% -35.43% -15.84% 16.46% 23.31% -42.27%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% -245.99% 100.00% 0.00% -138.56% 52.46% 22.84% 4.50%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 106.97% -14.72% 125.22% 135.82% -6.29% -68.64% -45.72%
Profitability Metrics
- - - - - - - - - -
Gross Margin
100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin
42.23% -5,734.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin
40.56% -5,773.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin
40.75% -5,821.91% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin
42.31% -5,562.95% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent
100.00% 100.00% 99.87% 100.03% 99.14% 100.02% 100.02% 100.01% 100.01% 99.99%
Interest Burden Percent
103.85% 95.55% 96.35% 90.44% 88.18% 91.59% 93.16% 94.01% 94.70% 96.27%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)
0.00% 0.00% 0.00% 0.00% 0.00% -42.49% -86.18% -47.96% -56.55% -67.86%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00% 0.00% -5,642.59% 0.00% 0.00% 0.00% -3,949.80% -3,217.78%
Operating Return on Assets (OROA)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)
0.00% 0.00% 0.00% 0.00% 0.00% -42.49% 20.79% -47.96% -56.55% -67.86%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
11 -10 -11 -13 -13 -16 -16 -16 -15 -17
NOPAT Margin
40.56% -4,041.59% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% -28.03% -4.65% -1.79% -5.77% -5.60% -3.41% -3.69% -5.08%
Return On Investment Capital (ROIC_SIMPLE)
- - 5.93% -6.38% -6.85% -9.19% -10.71% -12.40% -13.96% -19.47%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
10.43% 1,429.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue
49.01% 4,444.62% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
59.44% 5,873.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)
11 -15 -19 -19 -18 -22 -23 -23 -22 -24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
11 -14 -18 -19 -19 -22 -23 -23 -22 -24
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 1.87 1.31 0.43 0.25 0.54 0.96 1.81
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 1.87 1.31 0.43 0.25 0.54 0.96 1.81
Price to Revenue (P/Rev)
0.00 0.00 0.00 0.00 975.44 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 119.21 47.30 0.00 0.00 0.00 0.00 67.98
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 0.00 236.86 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
0.00 0.00 -1.83 -0.99 -0.99 -0.98 -1.08 -0.98 -0.99 -0.98
Leverage Ratio
0.00 0.00 3.00 1.12 1.31 1.13 1.41 1.13 1.15 1.16
Compound Leverage Factor
0.00 0.00 2.89 1.02 1.15 1.04 1.31 1.07 1.09 1.11
Debt to Total Capital
0.00% 0.00% 0.42% 0.04% 0.02% 0.01% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.42% 0.04% 0.02% 0.01% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 851.28% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 0.00% -751.70% 99.96% 99.98% 99.99% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 2.62 2.11 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 3.94 3.16 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
0.00 0.00 0.00 0.00 5.48 0.60 -0.76 -0.32 -0.16 0.72
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 124.12% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.00 0.00 4.59 11.33 15.39 13.93 13.84 11.65 8.61 8.16
Quick Ratio
0.00 0.00 4.43 11.08 15.15 13.62 13.22 11.07 8.26 7.98
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 0.00 9.80 -14 0.00 -18 -44 -21 -16 -15
Operating Cash Flow to CapEx
-9,511.50% -83,811.11% -2,949.35% -12,094.79% -22,890.63% -3,882.78% -2,178.48% -3,200.17% -3,497.86% -8,657.02%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.26 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 1,384.38 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 1,384.38 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
0.00 0.00 -21 1.47 1.26 2.83 6.68 6.26 1.96 1.07
Invested Capital Turnover
0.00 0.00 0.00 0.00 0.20 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital
0.00 0.00 -21 1.47 0.00 2.83 28 4.78 0.71 -1.77
Enterprise Value (EV)
0.00 0.00 337 176 59 -93 -106 -53 -2.71 72
Market Capitalization
167 167 167 375 245 73 37 70 105 159
Book Value per Share
$0.00 $0.00 ($235.57) $8.28 $7.68 $6.93 $6.12 $5.29 $4.48 $3.55
Tangible Book Value per Share
$0.00 $0.00 ($235.57) $8.28 $7.68 $6.93 $6.12 $5.29 $4.48 $3.55
Total Capital
0.00 0.00 25 201 187 169 149 129 110 88
Total Debt
0.00 0.00 0.11 0.08 0.04 0.01 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.11 0.08 0.04 0.01 0.00 0.00 0.00 0.00
Net Debt
0.00 0.00 -46 -200 -185 -166 -142 -123 -108 -87
Capital Expenditures (CapEx)
0.11 0.02 0.46 0.10 0.06 0.51 1.06 0.60 0.42 0.24
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 0.00 -7.63 -9.36 -9.05 -8.16 -4.07 -4.56 -8.43 -8.92
Debt-free Net Working Capital (DFNWC)
0.00 0.00 39 137 176 158 138 118 100 78
Net Working Capital (NWC)
0.00 0.00 39 137 176 158 138 118 100 78
Net Nonoperating Expense (NNE)
-0.47 3.82 6.51 4.64 3.31 4.79 5.29 5.50 5.42 6.42
Net Nonoperating Obligations (NNO)
0.00 0.00 -46 -200 -185 -166 -142 -123 -108 -87
Total Depreciation and Amortization (D&A)
0.40 0.22 0.33 -0.03 -0.43 -0.10 0.13 0.31 0.38 0.47
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 0.00% 0.00% 0.00% -3,605.58% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue
0.00% 0.00% 0.00% 0.00% 70,270.12% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue
0.00% 0.00% 0.00% 0.00% 70,270.12% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($22.00) ($0.92) $34.35 ($0.83) ($0.87) ($0.88) ($0.85) ($0.95)
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 811.21K 18.90M 11.26M 24.34M 24.38M 24.48M 24.44M 24.68M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($22.00) ($0.92) $34.35 ($0.83) ($0.87) ($0.88) ($0.85) ($0.95)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 811.21K 18.90M 11.26M 24.34M 24.38M 24.48M 24.44M 24.68M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 24.29M 24.29M 24.36M 24.36M 24.43M 24.54M 24.72M 24.72M
Normalized Net Operating Profit after Tax (NOPAT)
7.57 -10 -11 -13 -13 -16 -16 -16 -15 -17
Normalized NOPAT Margin
28.39% -4,041.59% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin
42.31% -5,562.95% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% -6.40% 0.00% -3.49% -0.03% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Artiva Biotherapeutics (NASDAQ: ARTV) remains a pre-revenue biotech story, and the latest quarter shows a company still spending heavily on research while relying on its balance sheet and investment portfolio to fund operations. Revenue was still $0 in Q1 2026, while the company posted a net loss of $23.5 million.

From a retail investor perspective, the key question is not profitability yet, but whether Artiva has enough liquidity and whether spending is trending in the right direction. On that front, the company still has a sizable cash/investment base, but operating losses remain persistent.

  • Strong liquidity cushion remains. As of Q1 2026, Artiva reported $20.9 million in cash and $65.8 million in short-term investments, or about $86.7 million combined.
  • Balance sheet is still asset-rich. Total assets were $106.0 million versus total liabilities of $18.1 million, leaving shareholders’ equity at $87.8 million.
  • Operating cash burn improved versus prior periods. Q1 2026 operating cash outflow was $21.0 million, slightly better than the roughly $22.9 million outflow in Q2 2025 and worse than Q4 2025’s $14.7 million, but still far below the levels seen during some earlier periods.
  • Interest income helped offset losses. Q1 2026 interest and investment income was $912,000, which partially softened the operating loss.
  • Shares outstanding remain relatively stable quarter to quarter. Weighted average basic shares were 24.7 million in Q1 2026, only modestly above the prior quarter.
  • No operating revenue yet. Artiva remains pre-commercial, so future value still depends on clinical progress rather than current sales.
  • Most cash generation came from investment maturities. The company generated $22.0 million from sales/maturities of investments in Q1 2026, which is helpful for liquidity but not a recurring operating source.
  • R&D spending stayed elevated. Research and development expense was $19.3 million in Q1 2026, reflecting continued investment in the pipeline.
  • SG&A was also meaningful. Selling, general and administrative expense totaled $5.1 million, so overhead remains a real cash demand.
  • Losses remain substantial. Artiva lost $23.5 million in Q1 2026, compared with a $20.8 million loss in Q4 2025 and $21.3 million in Q2 2025.
  • Operating cash flow is still deeply negative. The company burned $21.0 million in operations in the quarter, which is a major drag on runway.
  • Equity has fallen sharply over the past year. Total common equity dropped from $169.0 million in Q1 2025 to $87.8 million in Q1 2026.
  • Retained losses continue to accumulate. Retained earnings were a large negative $(354.1) million at quarter-end, highlighting the company’s long history of losses.
  • Cash balance declined sequentially. Cash and equivalents fell from $25.5 million in Q3 2025 to $21.0 million in Q1 2026.

Bottom line: Artiva Biotherapeutics has enough liquidity for now, supported by a substantial investment portfolio, but the business is still in a heavy cash-burn phase with no revenue. Investors should watch clinical updates and the pace of operating losses closely, because those will likely drive whether the company can extend its runway without raising additional capital.

07/21/26 01:19 PM ETAI Generated. May Contain Errors.

Artiva Biotherapeutics Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Artiva Biotherapeutics' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Artiva Biotherapeutics' net income appears to be on an upward trend, with a most recent value of -$83.87 million in 2025, rising from -$28.72 million in 2023. The previous period was -$65.37 million in 2024. Check out Artiva Biotherapeutics' forecast to explore projected trends and price targets.

Artiva Biotherapeutics' total operating income in 2025 was -$89.81 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $89.81 million

Over the last 2 years, Artiva Biotherapeutics' total revenue changed from $33.49 million in 2023 to $0.00 in 2025, a change of -100.0%.

Artiva Biotherapeutics' total liabilities were at $20.97 million at the end of 2025, a 8.6% decrease from 2024, and a 58.7% decrease since 2023.

In the past 2 years, Artiva Biotherapeutics' cash and equivalents has ranged from $26.70 million in 2025 to $53.50 million in 2023, and is currently $26.70 million as of their latest financial filing in 2025.

Over the last 2 years, Artiva Biotherapeutics' book value per share changed from -201.83 in 2023 to 4.48 in 2025, a change of -102.2%.



Financial statements for NASDAQ:ARTV last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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