Corvex, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $433,000 | $1.0M | — | — | — |
| Cost of revenue | $2.3M | $3.0M | — | — | — |
| Research and development | $5.7M | $11.2M | $16.9M | $19.0M | $13.4M |
| Operating expenses | — | — | $29.7M | $30.5M | $19.8M |
| Operating income | -$15.5M | -$24.2M | -$29.7M | -$30.5M | -$19.8M |
| Interest expense | — | — | — | — | $883,000 |
| Pretax income | -$18.3M | — | — | — | — |
| Net income | -$18.3M | -$23.7M | -$29.3M | -$30.3M | -$21.8M |
| Balance Sheet | |||||
| Cash and equivalents | $2.8M | $7.9M | $6.1M | $10.8M | $17.7M |
| Current assets | $5.0M | $10.4M | $8.5M | $11.6M | $35.1M |
| Total assets | $5.6M | $11.3M | $9.4M | $13.2M | $36.3M |
| Current liabilities | $8.8M | $3.4M | $5.9M | $5.0M | $3.2M |
| Total liabilities | $9.1M | $4.0M | $6.0M | $5.3M | $3.5M |
| Total debt | — | — | — | $517,000 | — |
| Stockholders' equity | -$3.5M | $7.4M | $3.4M | $7.9M | $32.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$11.3M | -$22.5M | -$26.2M | -$24.9M | -$16.2M |
| Depreciation and amortization | $149,000 | $166,000 | $158,000 | $147,000 | $74,000 |
| Stock-based compensation | $2.9M | $3.2M | $3.0M | $3.1M | $1.9M |
| Capital expenditure | — | $8,000 | $64,000 | $105,000 | $565,000 |
| Free cash flow | — | -$22.5M | -$26.2M | -$25.0M | -$16.7M |
| Dividends paid | $37,000 | — | — | — | — |
Shares outstanding 2.0M · Free float 75.4%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.