SRRK - Scholar Rock Holding Corporation
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$59.17
DETAILS
HIGH:
$65.00
LOW:
$55.00
MEDIAN:
$59.00
CONSENSUS:
$59.17
UPSIDE:
22.94%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 0 | 0 | 0 | 33.2 | 18.8 | 15.4 | 20.5 | 0 | 0 | 0.4 |
| Cost of Revenue | 0 | 1.9 | 2.8 | 123.0 | 108.5 | 74.1 | 54.2 | 0.8 | 0.7 | 12.5 |
| Gross Profit | 0 | (1.9) | (2.8) | (89.9) | (89.7) | (58.7) | (33.7) | (0.8) | (0.7) | (12.1) |
| Operating Expenses | ||||||||||
| R&D Expenses | 208.4 | 182.6 | 119.1 | 124.4 | 108.5 | 74.1 | 54.2 | 36.3 | 19.9 | 12.5 |
| SG&A Expenses | 176.2 | 67.5 | 49.4 | 42.6 | 40.3 | 28.2 | 20.8 | 14.4 | 5.1 | 4.1 |
| Other Expenses | 0 | 0 | 0 | (122.5) | (108.5) | (74.1) | (54.2) | (0.1) | (0.0) | 0.0 |
| Operating Expenses | 384.6 | 250.1 | 168.5 | 44.5 | 40.3 | 28.2 | 20.8 | 50.7 | 25.0 | 16.6 |
| Operating Income | ||||||||||
| Operating Income | (384.6) | (252.1) | (171.3) | (134.4) | (129.9) | (86.9) | (54.5) | (50.7) | (25.0) | (16.2) |
| Interest Expense | 6.9 | 6.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 |
| Interest Income | 13.9 | 12.7 | 0 | 0 | 0 | 0 | 0 | 1.4 | 0 | 0 |
| Profitability | ||||||||||
| EBITDA | (369.4) | (237.5) | (162.9) | (129.5) | (127.3) | (85.4) | (53.2) | (49.9) | (24.4) | (15.6) |
| EBIT | (371.0) | (239.5) | (165.8) | (132.5) | (129.9) | (86.9) | (54.5) | (50.7) | (25.0) | (16.2) |
| Income Before Tax | (377.9) | (246.3) | (165.8) | (134.5) | (131.8) | (86.5) | (51) | (49.3) | (25.0) | (16.2) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | 0.0 |
| Net Income | (377.9) | (246.3) | (165.8) | (134.5) | (131.8) | (86.5) | (51) | (49.3) | (25.0) | (16.2) |
| Per Share Data | ||||||||||
| EPS (Basic) | -3.29 | -2.47 | -1.99 | -2.21 | -3.59 | -2.77 | -1.80 | -3.15 | -1.40 | -0.91 |
| EPS (Diluted) | -3.29 | -2.47 | -1.99 | -2.21 | -3.59 | -2.77 | -1.80 | -3.15 | -1.40 | -0.91 |
| Shares Outstanding | 114.7 | 99.8 | 76.0 | 59.6 | 36.7 | 30.7 | 27.5 | 15.7 | 17.9 | 17.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 323.5 | 177.9 | 101.9 | 103.3 | 212.8 | 160.4 | 36.3 | 115.1 | 56.5 | 10.0 |
| Short-Term Investments | 44.0 | 259.4 | 178.1 | 212.1 | 40.2 | 180.7 | 121.1 | 60.6 | 1.5 | 18.0 |
| Net Receivables | 0 | 2.2 | 1.1 | 2.7 | 0 | 0 | 25 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 17.6 | 0 | 0 | 0 | 12.3 | 0 | 2.7 | 2.3 | 0 | 0 |
| Total Current Assets | 385.1 | 451.2 | 288.2 | 328.0 | 265.3 | 344.4 | 185.2 | 177.9 | 59.2 | 28.5 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 12.1 | 18.4 | 16.0 | 25.9 | 35.0 | 40.4 | 8.6 | 3.2 | 2.2 | 2.4 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 2.4 | 4.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 2.5 | 0 | 2.5 | 0.2 | 0.2 | 1.5 |
| Other Non-Current Assets | 7.0 | 3.0 | 2.8 | 4.2 | 1.6 | 3.5 | 0.1 | 0 | 0.1 | 0.4 |
| Total Non-Current Assets | 19.1 | 23.8 | 22.8 | 30.1 | 39.1 | 43.9 | 11.2 | 3.4 | 2.4 | 4.3 |
| Total Assets | 404.3 | 474.9 | 311.0 | 358.2 | 304.4 | 388.3 | 196.4 | 181.3 | 61.6 | 32.8 |
| Current Liabilities | ||||||||||
| Account Payables | 10.3 | 10.1 | 3.5 | 4.0 | 4.4 | 3.4 | 1.1 | 3.3 | 1.4 | 0.7 |
| Short-Term Debt | 5.5 | 0 | 1.3 | 0 | 9.0 | 0 | 1.1 | 0.4 | 0.6 | 0.6 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 33.2 | 18.8 | 20.9 | 20.2 | (0.6) | (0.6) |
| Other Current Liabilities | 39.6 | 0 | 0.1 | 0.2 | 3.1 | 0.0 | 5.2 | 0.0 | 1.9 | 0.9 |
| Total Current Liabilities | 55.4 | 46.9 | 32.7 | 36.4 | 64.3 | 42.6 | 32.8 | 31.1 | 5.0 | 3.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 103.4 | 50.1 | 48.7 | 49.7 | 48.4 | 24.7 | 0 | 0.0 | 0.4 | 1.0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (42.7) | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.9 | 109.7 | 58.8 |
| Total Non-Current Liabilities | 103.4 | 59.4 | 53.1 | 61.5 | 68.1 | 85.0 | 50.7 | 43.6 | 110.1 | 59.8 |
| Total Liabilities | 158.8 | 106.3 | 85.8 | 97.9 | 132.4 | 127.5 | 83.5 | 74.7 | 115.2 | 62.8 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.5 |
| Retained Earnings | (1,300.7) | (922.7) | (676.4) | (510.6) | (376.1) | (244.3) | (157.8) | (106.8) | (57.5) | (32.5) |
| Accumulated Other Comprehensive Income | 0.1 | 0.2 | 0.1 | (0.9) | (0.0) | (0.0) | 0.0 | (0.0) | (0.0) | (0.0) |
| Total Stockholders' Equity | 245.5 | 368.6 | 225.2 | 260.2 | 172.1 | 260.8 | 112.9 | 106.6 | (53.5) | (30.0) |
| Total Liabilities & Equity | 404.3 | 474.9 | 311.0 | 358.2 | 304.4 | 388.3 | 196.4 | 181.3 | 61.6 | 32.8 |
| Debt Metrics | ||||||||||
| Total Debt | 108.9 | 65.1 | 61.8 | 69.4 | 84.5 | 57.1 | 5.3 | 0.5 | 1.0 | 1.7 |
| Net Debt | (214.6) | (112.8) | (40.0) | (33.9) | (128.4) | (103.2) | (31.0) | (114.6) | (55.4) | (8.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (377.9) | (246.3) | (165.8) | (134.5) | (131.8) | (86.5) | (51) | (49.3) | (25.0) | (16.2) |
| Depreciation & Amortization | 1.7 | 1.9 | 2.8 | 3.0 | 2.6 | 1.5 | 1.3 | 0.8 | 0.7 | 0.6 |
| Stock-Based Compensation | 75.6 | 36.6 | 27.1 | 27.7 | 23.1 | 11.2 | 8.0 | 5.2 | 1.5 | 0.6 |
| Change in Working Capital | (1.1) | 6.6 | (10.6) | (34.4) | (28.4) | 11.2 | (21.2) | 67.9 | 1.5 | 0.3 |
| Other Non-Cash Items | 1.7 | 0.2 | 1.2 | 5.5 | 7.7 | 2.3 | (0.4) | (0.3) | (0.2) | (0.2) |
| Operating Cash Flow | (300.0) | (200.9) | (145.2) | (132.7) | (126.8) | (60.3) | (63.1) | 24.6 | (21.7) | (15.1) |
| Investing Activities | ||||||||||
| Capital Expenditure | (0.6) | (0.1) | (0.1) | (1.1) | (5.2) | (4.1) | (3.1) | (1.5) | (0.4) | (0.8) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (98.0) | (293.2) | (290.8) | (300.6) | (60.4) | (200.1) | (235.4) | (75.2) | 0 | (19.5) |
| Sales/Maturities of Investments | 317.3 | 217.2 | 332 | 130 | 200 | 140.7 | 176.3 | 16.5 | 18.0 | 0 |
| Other Investing Activities | 0 | 0 | 0.0 | 0 | 0 | 0 | 0.0 | (58.7) | 18.0 | (19.5) |
| Investing Cash Flow | 218.7 | (76.1) | 41.1 | (171.7) | 134.3 | (63.5) | (62.2) | (60.2) | 17.7 | (20.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 49.1 | 0 | 0 | (1.0) | 25.0 | 24.6 | (0.4) | (0.7) | (0.7) | 1.0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 28.6 | 4.9 | 0.5 | 6.9 | 7.3 | 0.9 | 94.9 | 4.3 | 0 |
| Financing Cash Flow | 228.4 | 353.0 | 102.6 | 194.8 | 45.0 | 247.8 | 48.9 | 94.3 | 50.5 | 1.0 |
| Cash Position | ||||||||||
| Net Change in Cash | 147.0 | 76.0 | (1.5) | (109.6) | 52.5 | 124.0 | (76.5) | 58.6 | 46.4 | (34.5) |
| Cash at Beginning | 180.3 | 104.3 | 105.8 | 215.3 | 162.9 | 38.8 | 115.3 | 56.7 | 10.2 | 44.7 |
| Cash at End | 327.3 | 180.3 | 104.3 | 105.8 | 215.3 | 162.9 | 38.8 | 115.3 | 56.7 | 10.2 |
| Free Cash Flow | (300.6) | (201.0) | (145.3) | (133.8) | (132.0) | (64.4) | (66.2) | 23.1 | (22.1) | (15.9) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 0 | 0 | 0 | 33.2 | 18.8 | 15.4 | 20.5 | 0 | 0 | 0.4 |
| Gross Profit | 0 | (1.9) | (2.8) | (89.9) | (89.7) | (58.7) | (33.7) | (0.8) | (0.7) | (12.1) |
| Operating Income | (384.6) | (252.1) | (171.3) | (134.4) | (129.9) | (86.9) | (54.5) | (50.7) | (25.0) | (16.2) |
| Net Income | (377.9) | (246.3) | (165.8) | (134.5) | (131.8) | (86.5) | (51) | (49.3) | (25.0) | (16.2) |
| EPS (Diluted) | -3.29 | -2.47 | -1.99 | -2.21 | -3.59 | -2.77 | -1.80 | -3.15 | -1.40 | -0.91 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 323.5 | 177.9 | 101.9 | 103.3 | 212.8 | 160.4 | 36.3 | 115.1 | 56.5 | 10.0 |
| Total Assets | 404.3 | 474.9 | 311.0 | 358.2 | 304.4 | 388.3 | 196.4 | 181.3 | 61.6 | 32.8 |
| Total Debt | 108.9 | 65.1 | 61.8 | 69.4 | 84.5 | 57.1 | 5.3 | 0.5 | 1.0 | 1.7 |
| Stockholders' Equity | 245.5 | 368.6 | 225.2 | 260.2 | 172.1 | 260.8 | 112.9 | 106.6 | (53.5) | (30.0) |
| Cash Flow | ||||||||||
| Operating Cash Flow | (300.0) | (200.9) | (145.2) | (132.7) | (126.8) | (60.3) | (63.1) | 24.6 | (21.7) | (15.1) |
| Capital Expenditure | (0.6) | (0.1) | (0.1) | (1.1) | (5.2) | (4.1) | (3.1) | (1.5) | (0.4) | (0.8) |
| Free Cash Flow | (300.6) | (201.0) | (145.3) | (133.8) | (132.0) | (64.4) | (66.2) | 23.1 | (22.1) | (15.9) |