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Kuros Biosciences (KURN) investor relations material

Kuros Biosciences Q3 2025 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 TU earnings summary16 Oct, 2025

Executive summary

  • Achieved a 77% year-over-year increase in total medical device sales for the first nine months of 2025, reaching USD 101.1 million.

  • Direct Magnetos sales rose 76% year-over-year to USD 99.7 million for the same period.

  • EBITDA increased to USD 7.4 million from USD 1.6 million year-over-year; adjusted EBITDA reached USD 12.2 million, with a margin of 12.1%.

  • Cash position improved to USD 20.0 million as of September 30, 2025, despite ongoing investments in working capital and strategic initiatives.

Financial highlights

  • Total group revenue for the first nine months of 2025 was USD 101.1 million, up 77% compared to the same period in 2024.

  • Adjusted EBITDA margin increased to 12.1% from 11.3% year-over-year.

  • Cash and cash equivalents rose to USD 20.0 million from USD 18.4 million at the end of June 2025.

Outlook and guidance

  • Sales guidance for 2025 raised, now expecting growth of at least 70% for the year.

  • Second half sales expected to align with usual seasonal trends.

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Frequently asked questions

Kuros Biosciences AG, operating under the ticker KURN, is a biotechnology company dedicated to discovering, developing, and delivering innovative fusion technologies for bone grafting. Founded as a spin-off from the Swiss Federal Institute of Technology in Zurich in 2000, Kuros Biosciences has established a significant presence in the field of tissue repair and regeneration. The company's flagship product line, MagnetOs, is designed for applications in spinal fusion, trauma, fracture repair, and as surgical sealants. The company is headquartered in Zurich, Switzerland, and its shares are listed on SIX.

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