Oruka Therapeutics, Inc. Common Stock (ORKA) Financials

Key financial figures for Oruka Therapeutics, Inc. Common Stock (Q2 2026).

Oruka Therapeutics reported a Q2 2026 net loss of $41.2 million as R&D spend rose to $43.3 million, ending the quarter with $1.1 billion in cash, cash equivalents and marketable securities. R&D expenses were $43.3 million in Q2 2026, up from $24.1 million in Q2 2025, driven by additional clinical trial costs, a non-refundable upfront payment to Halozyme, and higher headcount-related compensation. G&A expenses were $6.9 million, up from $4.3 million a year earlier, on employee compensation and public-company operating costs. Loss from operations was $50.1 million and net loss was $41.2 million ($0.55 per share), versus a $28.4 million operating loss and $24.6 million net loss ($0.46 per share) in Q2 2025. On the outlook: No formal quarterly or annual financial guidance was issued. The company states its cash, cash equivalents, and marketable securities are expected to be sufficient to fund operations through an anticipated BLA filing for ORKA-001 and continued development of ORKA-002, with no specific runway date given in quarters or months. Figures are for Q2 2026, as Oruka Therapeutics, Inc. reported them.

Revenue
$0
Net Income
-$41M
Total Assets
$1.1B
Operating Cash Flow
-$33M

Recent quarters

PeriodRevenueNet IncomeEPSOperating MarginFree Cash Flow
Q2 FY2026$0-$41M-$0.66-$33M
Q1 FY2026$0-$32M-$0.58-$24M
Q4 FY2025$0-$30M-$0.54-$23M
Q3 FY2025$0-$30M-$0.69-$22M
Q2 FY2025$0-$25M-$0.58-$23M

Recent fiscal years

PeriodRevenueNet IncomeEPSOperating MarginFree Cash Flow
FY2025$0-$105M-$2.31-$88M
FY2024$0-$84M-$4.99-$58M
FY2023$0-$5M-$4.44

Frequently asked questions

What was Oruka Therapeutics, Inc.'s revenue last quarter?

Oruka Therapeutics, Inc. reported revenue of $0.00 for Q2 FY2026.

Is Oruka Therapeutics, Inc. profitable?

Not in its most recent reported period. Oruka Therapeutics, Inc. reported a net loss of $41.2 million for Q2 FY2026.

How much free cash flow did Oruka Therapeutics, Inc. generate?

Oruka Therapeutics, Inc. generated free cash flow of -$33.1 million in Q2 FY2026, after capital expenditure.

Full income statement, balance sheet and cash flow for Oruka Therapeutics, Inc. Common Stock on SentiSense, with up to forty quarters and twenty fiscal years of history.