Orka.O
Oruka Therapeutics Inc operates as a biotechnology company within the Health Care sector, currently generating no revenue while incurring operating losses consistent with pre-commercial clinical development stages.
Business. Oruka Therapeutics Inc operates as a biotechnology company within the Health Care sector, currently generating no revenue while incurring operating losses consistent with pre-commercial clinical development stages.
Analyst recommendations
14 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Oruka Therapeutics Inc operates as a biotechnology company within the Health Care sector, currently generating no revenue while incurring operating losses consistent with pre-commercial clinical development stages.
The company maintains a pristine balance sheet with total assets of $37.86 million, composed almost entirely of $37.43 million in cash and equivalents. Total liabilities are minimal at $0.84 million, resulting in a debt-to-equity ratio of 0.0 and a current ratio that implies strong short-term solvency. The market capitalization stands at $1.43 billion, driven by a price-to-book ratio of 38.72, reflecting significant investor expectations for future value creation despite the absence of tangible earnings.
Profitability metrics are negative, with a net income of -$5.34 million and an operating income of -$7.29 million for the latest period. Return on equity is -14.42% and return on assets is -14.10%, indicating that the company is consuming capital to fund operations. The EV/EBITDA ratio is negative, which is standard for pre-revenue biotechnology firms that have not yet achieved profitability or positive cash flow from operations.
Revenue is reported as $0.0, confirming the company is in a pre-commercial phase with no current product sales. Without segment or geographic data, the revenue mix cannot be analyzed, but the zero revenue figure suggests all activities are focused on research, development, and clinical trials rather than commercial distribution.
Growth trajectory cannot be assessed via historical revenue trends as the company has no revenue history. The operating cash flow is negative at -$5.01 million, consistent with the burn rate required for biotechnology R&D. Capital expenditure is reported as $0.0, suggesting that cash outflows are primarily directed toward operating expenses such as personnel and clinical trial costs rather than fixed asset acquisition.
Risk assessment indicates low liquidity risk and low dilution risk, with no immediate filing-based flags detected. The company’s primary risk lies in its pre-revenue status and the binary nature of biotechnology development, where failure in clinical trials can significantly impact valuation. The low dilution risk suggests that the current share count of 14.5 million is stable, with no immediate pressure from equity issuances.
Recent observations include strong analyst sentiment, with a mean recommendation of 1.50 (strong buy) and a mean price target of $146.85, implying significant upside from the current market price of $98.84. There are 7 strong buy and 7 buy ratings, with no hold ratings, indicating high conviction among covering analysts. No specific news events or filing observations were provided beyond the reconciler enqueue logs, which are internal system events and not material business developments.
- Oruka Therapeutics is a pre-revenue biotechnology firm with $37.43 million in cash and no debt.
- The company reported a net loss of $5.34 million and negative operating cash flow of $5.01 million.
- Valuation is high at a P/B of 38.72, reflecting growth expectations rather than current fundamentals.
- Analyst sentiment is overwhelmingly positive with a mean price target of $146.85 vs. current price of $98.84.
- Dilution and liquidity risks are assessed as low, with a stable share count of 14.5 million.
Bull / Bear case
analysis pipelineIn focus — financials by report
Operating income −45,2% YoY; Net income −51,5% YoY.
- ▍Operating income −45,2% YoY
- ▍Net income −51,5% YoY
- ▍Free cash flow −51,7% YoY
Operating income −13,6% YoY; Net income −14,8% YoY.
- ▍Operating income −13,6% YoY
- ▍Net income −14,8% YoY
- ▍Free cash flow −14,9% YoY
Operating income −15,8% YoY; Net income −5,8% YoY.
- ▍Operating income −15,8% YoY
- ▍Net income −5,8% YoY
- ▍Free cash flow −6,1% YoY
Operating income −810,6% YoY; Net income −817,6% YoY.
- ▍Operating income −810,6% YoY
- ▍Net income −817,6% YoY
- ▍Free cash flow +10,0% YoY
Operating income -$25.1M.
- ▍Operating income -$25.1M
Operating income -$30.3M.
- ▍Operating income -$30.3M
Operating income -$29.4M.
- ▍Operating income -$29.4M
Operating income −38,5% YoY; Net income −25,9% YoY.
- ▍Operating income −38,5% YoY
- ▍Net income −25,9% YoY
- ▍Free cash flow −25,8% YoY
Operating income −1 107,8% YoY; Net income −1 468,2% YoY.
- ▍Operating income −1 107,8% YoY
- ▍Net income −1 468,2% YoY
- ▍Free cash flow −1 475,6% YoY
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -2,07 |
| Revenue | —no estimate | —no estimate | 0 USD |
| Operating income | —no estimate | —no estimate | -159,7M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Chief Medical Officer · Employee Stock Option (right to buy) → Common StockDisposed 3 500 @ $6,84exercise · 2026-07-15
- Chief Medical Officer · Employee Warrant (right to buy) → Common StockDisposed 3 500 @ $7,80exercise · 2026-07-15
- Senior Vice President, Finance · Employee Stock Option (right to buy) → Common StockDisposed 8 541 @ $12,50exercise · 2026-07-13
- Senior Vice President, Finance · Employee Stock Option (right to buy) → Common StockDisposed 1 458 @ $34,39exercise · 2026-07-13
- Chief Operating Officer · Employee Warrant (right to buy) → Common StockDisposed 5 000 @ $7,80exercise · 2026-07-01
- Director, 10% owner · Series B Preferred Stock → Common StockDisposed 3 553 410conversion · 2026-07-01
- Chief Medical Officer · Employee Warrant (right to buy) → Common StockDisposed 3 500 @ $7,80exercise · 2026-06-15
- Chief Medical Officer · Employee Stock Option (right to buy) → Common StockDisposed 3 500 @ $6,84exercise · 2026-06-15
- Senior Vice President, Finance · Employee Stock Option (right to buy) → Common StockDisposed 8 000 @ $12,50exercise · 2026-06-12
- Senior Vice President, Finance · Employee Stock Option (right to buy) → Common StockDisposed 1 459 @ $34,39exercise · 2026-06-12
- Director · Stock Option (right to buy) → Common StockAcquired 9 136 @ $55,23grant · 2026-06-02
- Director · Stock Option (right to buy) → Common StockAcquired 9 136 @ $55,23grant · 2026-06-02
- Director, 10% owner · Stock Option (Right to Buy) → Common StockAcquired 9 136 @ $55,23grant · 2026-06-02
- Director · Stock Option (right to buy) → Common StockAcquired 9 136 @ $55,23grant · 2026-06-02
- Director · Stock Option (right to buy) → Common StockAcquired 9 136 @ $55,23grant · 2026-06-02
- Director · Warrant (right to buy) → Common StockDisposed 11 904 @ $7,80exercise · 2026-05-21
- Director · Stock Option (right to buy) → Common StockDisposed 11 667 @ $11,77exercise · 2026-05-21
- Director · Stock Option (right to buy) → Common StockDisposed 38 689 @ $6,84exercise · 2026-05-21
- Senior Vice President, Finance · Employee Stock Option (right to buy) → Common StockDisposed 5 833 @ $34,39exercise · 2026-05-18
- Senior Vice President, Finance · Employee Stock Option (right to buy) → Common StockDisposed 2 000 @ $12,50exercise · 2026-05-18
- Chief Medical Officer · Employee Warrant (right to buy) → Common StockDisposed 3 500 @ $7,80exercise · 2026-05-15
- Chief Medical Officer · Employee Stock Option (right to buy) → Common StockDisposed 3 500 @ $6,84exercise · 2026-05-15
- Chief Operating Officer · Employee Warrant (right to buy) → Common StockDisposed 5 000 @ $7,80exercise · 2026-05-01
- Chief Medical Officer · Employee Stock Option (right to buy) → Common StockDisposed 3 500 @ $6,84exercise · 2026-04-15
- Chief Medical Officer · Employee Warrant (right to buy) → Common StockDisposed 3 500 @ $7,80exercise · 2026-04-15
Actions
Ask Handelsavisen
- Reference data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Cash Conversion Ratiooperating_cash_flow / net_income
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
- Market Capmarket_price * shares_outstanding_diluted
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Oruka Therapeutics, Inc. Market data — financials · 2026-07-31
- reconciler_enqueue (reconciler) on ORKA.O · 2026-07-31
- Oruka Therapeutics Inc Market data — analyst estimates · 2026-07-31
- Oruka Therapeutics Inc Market data — ESG · 2026-07-31
Ownership & reference
Top holders
- Institutional Investor · as of 2026-03-310,02 %$365M
- Investment Managers · as of 2026-03-310,01 %$49M
- Investment Managers · as of 2026-03-310,01 %$9M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$47M
- Investment Managers · as of 2026-03-310,00 %$79M
- Investment Managers · as of 2026-03-310,00 %$16M
- Investment Managers · as of 2026-03-310,00 %$15M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$12M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2025-12-310,00 %$74M
- Institutional Investor · as of 2026-03-310,00 %$5M
- Funds · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$9M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Leadership
- Lawrence Otto KleinPresident, Chief Executive Officer, Director
Insider activity
- Chief Medical Officer · Common StockOther 3 500 @ $6,84$24K · 2026-07-15
- Chief Medical Officer · Common StockSold 300 @ $87,25$26K · 2026-07-15
- Chief Medical Officer · Common StockSold 3 803 @ $86,68$330K · 2026-07-15
- Chief Medical Officer · Common StockSold 2 497 @ $85,86$214K · 2026-07-15
- Chief Medical Officer · Common StockOther 3 500 @ $7,80$27K · 2026-07-15
- Chief Medical Officer · Common StockSold 400 @ $84,36$34K · 2026-07-15
- Senior Vice President, Finance · Common StockSold 300 @ $85,63$26K · 2026-07-13
- Senior Vice President, Finance · Common StockOther 8 541 @ $12,50$107K · 2026-07-13
- Senior Vice President, Finance · Common StockOther 1 458 @ $34,39$50K · 2026-07-13
- Senior Vice President, Finance · Common StockSold 300 @ $83,07$25K · 2026-07-13
- Senior Vice President, Finance · Common StockSold 3 743 @ $84,26$315K · 2026-07-13
- Senior Vice President, Finance · Common StockSold 5 656 @ $84,90$480K · 2026-07-13
- Chief Operating Officer · Common StockSold 500 @ $95,47$48K · 2026-07-01
- Director, 10% owner · Common StockOther 3 553 410 · 2026-07-01
- Director, 10% owner · Common StockSold 3 553 410 @ $84,43$300,0M · 2026-07-01
- Chief Operating Officer · Common StockOther 5 000 @ $7,80$39K · 2026-07-01
- Chief Operating Officer · Common StockSold 2 237 @ $93,85$210K · 2026-07-01
- Chief Operating Officer · Common StockSold 2 263 @ $94,75$214K · 2026-07-01
- Senior Vice President, Finance · Common StockSold 699 @ $82,14$57K · 2026-06-22
- Senior Vice President, Finance · Common StockSold 888 @ $80,01$71K · 2026-06-22
- Director, Chief Executive Officer · Common StockSold 1 729 @ $69,69$120K · 2026-06-15
- Senior Vice President, Finance · Common StockSold 395 @ $69,69$28K · 2026-06-15
- Chief Medical Officer · Common StockOther 3 500 @ $7,80$27K · 2026-06-15
- Chief Medical Officer · Common StockOther 3 500 @ $6,84$24K · 2026-06-15
- Chief Medical Officer · Common StockSold 1 636 @ $68,38$112K · 2026-06-15
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Current liabilities (annual): USD 15.37MUnknown
- Cash & equivalents (annual): USD 46.94MUnknown
- Operating income (annual): USD -122.05MUnknown
- Operating cash flow (annual): USD -88.21MUnknown
- Net income (annual): USD -105.43MUnknown
- Total operating expenses (annual): USD 122.05MUnknown
- Shares outstanding (annual): 48.72MUnknown
- Total liabilities (annual): USD 16.69MUnknown
- Shareholders' equity (annual): USD 471.93MUnknown
- Current assets (annual): USD 343.86MUnknown
- Pre-tax income (annual): USD -105.43MUnknown
- Total assets (annual): USD 488.62MUnknown
- R&D expense (annual): USD 100.64MUnknown
- Capex (annual): USD 209KUnknown
- R&D expense (annual): USD 75.06MUnknown
- Shares outstanding (annual): 37.44MUnknown
- Current liabilities (annual): USD 13.04MUnknown
- Cash & equivalents (annual): USD 61.58MUnknown
- Operating income (annual): USD -88.12MUnknown
- Net income (annual): USD -83.72MUnknown
- Operating cash flow (annual): USD -57.84MUnknown
- Capex (annual): USD 189KUnknown
- Current assets (annual): USD 376.87MUnknown
- Total assets (annual): USD 396.02MUnknown