Scholar Rock Holding (SRRK) financial statements
Scholar Rock Holding reported revenue of $0 in fiscal 2025, up 17.4% a year over 3 years.
Net income was -$378M.
Free cash flow was -$301M.
The diluted share count rose 6919% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Scholar Rock Holding's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | $20M | $15M | $19M | $33M | — | — | $0 |
| Research and development | $20M | $36M | $54M | $74M | $108M | $124M | $122M | $185M | $208M |
| Selling, general and admin | $5M | $14M | $21M | $28M | $40M | $43M | $49M | $68M | $176M |
| Operating income | -$25M | -$51M | -$55M | -$87M | -$130M | -$134M | -$171M | -$252M | -$385M |
| Interest expense | — | — | $27,000 | $400,000 | $2M | $5M | $6M | $7M | $7M |
| Pre-tax income | — | — | — | — | — | — | — | -$246M | -$378M |
| Net income | -$25M | -$49M | -$51M | -$86M | -$132M | -$135M | -$166M | -$246M | -$378M |
| EPS (diluted) | -$15.30 | -$3.15 | -$1.85 | -$2.81 | -$3.59 | -$2.26 | -$1.99 | -$2.47 | -$3.29 |
| Diluted shares | 2M | 16M | 28M | 31M | 37M | 60M | 83M | 100M | 115M |
| Operating margin | — | — | -266.2% | -564.0% | -690.5% | -404.8% | — | — | — |
| Net margin | — | — | -248.9% | -561.5% | -700.5% | -405.2% | — | — | — |
Balance sheet
Fiscal years, from Scholar Rock Holding's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $58M | $176M | $157M | $341M | $253M | $315M | $280M | $437M | $368M |
| Receivables | — | — | $25M | — | — | — | — | — | — |
| Total current assets | $59M | $178M | $185M | $344M | $265M | $328M | $288M | $451M | $385M |
| Property, plant and equipment | $2M | $3M | $4M | $8M | $10M | $7M | $5M | $3M | $2M |
| Total assets | $62M | $181M | $196M | $388M | $304M | $358M | $311M | $475M | $404M |
| Total current liabilities | $5M | $31M | $33M | $43M | $64M | $36M | $33M | $47M | $55M |
| Long-term debt | $398,000 | $24,000 | — | $25M | $48M | $50M | $49M | $50M | $100M |
| Total liabilities | $6M | $75M | $83M | $128M | $132M | $98M | $86M | $106M | $159M |
| Shareholders' equity | -$54M | $107M | $113M | $261M | $172M | $260M | $225M | $369M | $245M |
| Net debt | -$55M | -$115M | -$36M | -$136M | -$164M | -$54M | -$53M | -$128M | -$224M |
Cash flow
Fiscal years, from Scholar Rock Holding's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$22M | $25M | -$63M | -$60M | -$127M | -$133M | -$145M | -$201M | -$300M |
| Capital spending | $361,000 | $1M | $3M | $4M | $5M | $1M | $71,000 | $98,000 | $602,000 |
| Free cash flow | -$22M | $23M | -$66M | -$64M | -$132M | -$134M | -$145M | -$201M | -$301M |
| Stock-based compensation | $1M | $5M | $8M | $11M | $23M | $28M | $27M | $37M | $76M |
| Net borrowing | — | -$667,000 | -$365,000 | $25M | $25M | — | — | — | -$852,000 |
| Free cash flow margin | — | — | -323.2% | -417.8% | -701.7% | -403.0% | — | — | — |
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What was Scholar Rock Holding's revenue in 2025?
$0 in fiscal 2025, from its 10-K filing.
How much free cash flow does Scholar Rock Holding generate?
-$301M in fiscal 2025 (operating cash flow minus capital spending).
From Scholar Rock Holding's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.