Kala Bio IncKala Bio Inc
Kala Bio Inc

Kala Bio Inc

KALA
Health Care·Pharmaceuticals

Kala Bio, Inc. is a biopharmaceutical company. It focuses on the development and commercialization of therapeutics using proprietary nanoparticle-based mucus penetrating particles with an initial focus on the treatment of eye diseases. The company was founded by Justin Hanes, Robert S. Langer and Colin R. Gardner in 2009 and is headquartered in Arlington, MA.

Massachusetts; U.S.A
Market cap
No dataNo data
Revenue
$0No data
Net income
No dataNo data
Free cash flow
$-32M−8.9% YoY

Market

Listed stock
KALAPriceNasdaq
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Financial performance

Revenue
$0No data
Operating income
$-39.2M+3.1% YoY
Net income
No dataNo data
Free cash flow
$-32M−8.9% YoY

Revenue, profit & cash trend

Revenue
Operating income
Free cash flow
Reference
Revenue: 2021 $11.2M, 2022 $3.9M, 2023 $0, 2024 $0, 2025 $0. Operating income: 2021 $-130.2M, 2022 $-82M, 2023 $-38.9M, 2024 $-40.4M, 2025 $-39.2M. Free cash flow: 2021 $-108.2M, 2022 $-78.9M, 2023 $-27.9M, 2024 $-29.4M, 2025 $-32M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
No dataNo data
Gross margin
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Operating margin
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FCF margin
No dataNo data

Earnings power over time

Operating income
Free cash flow
Operating income: 2021-12-31 $-130.2M, 2022-12-31 $-82M, 2023-12-31 $-38.9M, 2024-12-31 $-40.4M, 2025-12-31 $-39.2M. Free cash flow: 2021-12-31 $-108.2M, 2022-12-31 $-78.9M, 2023-12-31 $-27.9M, 2024-12-31 $-29.4M, 2025-12-31 $-32M

Growth heatmap

2022202320242025CAGR
Revenue
-65.4%
-100.0%
No data
No data
No data
Gross profit
-81.4%
-100.0%
No data
No data
Operating income
+37.0%
+52.5%
-3.9%
+3.1%
No data
Free cash flow
+27.1%
+64.6%
-5.2%
-8.9%
No data

Earnings quality

Operating cash flow
$-32M−8.9% YoY
Net income
No dataNo data
Free cash flow
$-32M−8.9% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2024-12-31 76%, 2023-12-31 66%, 2022-12-31 176%, 2021-12-31 76%. Free cash flow: 2024-12-31 76%, 2023-12-31 66%, 2022-12-31 176%, 2021-12-31 76%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
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FCF / share
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Diluted shares
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

No data

Valuation

Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
No data
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EV / EBITDA
No data
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Free cash flow yield
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