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Kardigan, Inc.KARDCompetitor analysis, valuation and peers

United States · USD·Health Care›Biotechnology

Develops therapies for cardiovascular disease; a recently formed biotech backed by major venture investors.

Mkt cap
$1.45B
US dollars, full cap
Free float
68%
of shares outstanding
$/day
$7.12M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 19.3%
Hurdle
n/a
no reverse DCF
Next earnings
26 days
2 Dec 2026
Close · USD$15.52
1D+12.0%
1W+9.8%
1M+9.3%
3M-26.4%
6Mn/a
YTDn/a
1Yn/a
ATR %8.2%
52w lowhigh42.5% off high

What Kardigan does

Develops therapies for cardiovascular disease; a recently formed biotech backed by major venture investors.

Where it sits in the supply chain

  • Health Care
  • Biotechnology
  • Cardiovascular disease therapeutics

Moat: none

Headquarters: United States · Employees: 210

Kardigan at a glance

Size Kardigan (KARD) is a United States Health Care company (Biotechnology) with a market value of $1.45B, the 2019th largest of 3,117 United States companies the cockpit tracks. Shares closed at $15.52 on 6 Nov 2026.

Short interest Short interest is 5.7% of the free float (15 Oct 2026).

Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).

Kardigan financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024
Revenuen/a$0$0
Revenue growth———
Gross profitn/a-$5.74M-$357,000
EBITDAn/a-$197M-$96.3M
Net incomen/a-$192M-$88.7M
Free cash flown/a-$156M-$20.6M
Capital expendituren/a$5.14M$1.80M
Total debt$13.3M$13.8M$16.8M

Quarterly statements and history in the cockpit →

Kardigan competitors and peer comparison

How Kardigan compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Kardigan against its 20 peers (data as of 6 Nov 2026)
MeasureKARDPeer medianRank in peer set
1-month return+9.3%-5.0%2nd highest of 21
Distance from 52-week high-42.5%-40.7%10th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Kardigan KARDUnited States$1.45Bn/an/an/an/an/an/a
Tyra Bioscience TYRAUnited States$1.45B-38%n/an/an/an/an/a
Nuvation Bio NUVBUnited States$1.46B-13%+1,084%-81%7.2×n/an/a
PELL Bio-Med Technology 6949.TWTaiwan$1.49B+126%+5%-1,720%1,640.0×n/an/a
Korsana Biosciences KRSAUnited States$1.41B+43%-13%-359%743.5×n/an/a
Taysha Gene Therapies TSHAUnited States$1.41B-36%-32%-2,855%184.6×n/an/a
uniQure QUREUnited States$1.51B-22%+30%-1,093%66.8×n/an/a
Hualan Biological Vaccine 301207.SZChina$1.39B-21%-28%-7%10.3×36.5%-13.1%
AnaptysBio ANABUnited States$1.39B-33%+93%56%6.3×-1.2%+25.6%
Oncolys BioPharma 4588.TJapan$1.39B+162%+1,662%-303%429.8×n/an/a
Hugel 145020.KSSouth Korea$1.52B-26%+17%38%4.4×-7.9%+15.0%
Pacific Shuanglin Bio-pharmacy 000403.SZChina$1.38B-19%+1%10%3.8×n/an/a
Fujian Haixi Pharmaceuticals 2637.HKHong Kong$1.53B-41%+25%33%n/an/an/a
ANI Pharmaceuticals ANIPUnited States$1.55B-18%+31%13%1.8×-4.1%+33.5%
Mineralys Therapeutics MLYSUnited States$1.36B-48%n/an/an/an/an/a
TLC BioSciences 7924.TWOTaiwan$1.57Bn/an/an/an/an/an/a
Zhuhai Trinomab Pharmaceutical 688806.SSChina$1.58Bn/a+238%-1,196%199.0×n/an/a
Intellia Therapeutics NTLAUnited States$1.59B-19%+13%-712%20.6×n/an/a
Immunocore Holdings Plc Shs Sponsored American Depositary Shares Repr 1 Sh IMCRUnited States$1.60B+5%+20%-5%2.7×n/an/a
Precigen PGENUnited States$1.60B+6%+1,875%-46%19.4×n/an/a
PolyPeptide PPGN.SWSwitzerland$1.62B+6%+22%7%3.3×n/an/a

Questions

Which companies are Kardigan's closest peers?
The cockpit's peer set: Tyra Bioscience (TYRA), Nuvation Bio (NUVB), PELL Bio-Med Technology (6949.TW), Korsana Biosciences (KRSA), Taysha Gene Therapies (TSHA), uniQure (QURE), Hualan Biological Vaccine (301207.SZ), AnaptysBio (ANAB).

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.