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ProKidney (PROK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

ProKidney
NasdaqCM•Healthcare•Biotechnology
$1.80-0.04(-0.02%)Market closed
Market Cap
$335.81M
P/S
410.5x

ProKidney Corp., a clinical-stage biotechnology company, engages in the development of cell therapies for the treatment of chronic kidney diseases in the United States. The company develops rilparencel, a cell therapy with autologous selected renal cells, which is in Phase III clinical trial for the treatment of advanced chronic kidney disease and type 2 diabetes. It is also involved in the development of cryopreserved versions of rilparencel, including REGEN-006 and REGEN-008 which are both in Phase III clinical trials; REGEN-002, REGEN-003, and REGEN-007 which are in Phase II clinical trials; and REGEN-004 which is Phase I clinical trial. The company was founded in 2015 and is headquartered in Winston-Salem, North Carolina.

D

How this company scores

WeakMetricSide Score: 33/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (16/25); weakest: Profitability (2/25).

Profitability2/25
Growth16/25
Balance Sheet & Red Flags7/25
Cash & Earnings Quality8/25
Strengths
Growing revenueCash-backed earningsConsistent growthNet cash position
Grade capped at D
  • Negative equity — the balance sheet is insolvent.
  • Interest coverage below 1× (-44304.0x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 410.5x5y range 146.9x – 2248.2x
P/S 410.5x · near its 7-quarter median

Currently near its 7-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $335.81M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$818,000
2Q
Q. Revenue
$150,000
32%
TTM EBITDA
$-170.37M
2Q
TTM Op. Income
$-177.22M
2Q
Q. Op. Income
$-48.37M
22%
TTM Net Income
$-84.16M
2Q
Q. Net Income
$-28.42M
3Q
EPS
$-0.15
3Q
Shares Out.
$186.56M
6Q
$818,000 in TTM revenue grew 55.2% YoY, reaching $150,000 last quarter. TTM EBITDA of $-170.37M and TTM operating income of $-177.22M show growth is flowing through to the bottom line. However, net income is negative at $84.16M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
-31130.0%
80%
Op. Margin
-32248.7%
79%
Net Margin
-18948.0%
5Q
Op. margin of -32248.7% is down 14280.8% YoY — costs are rising relative to revenue. Net margin at -18948.0% Over the past year, operating margin is down 79% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
410.5x
180%
P/B Ratio
N/A
P/S of 410.5x and P/B of 0.0x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$249.02M
7Q
Cash
$74.87M
2Q
Long-Term Debt
N/A
Book Value
$-883.53M
12%
D/E Ratio
N/A
Debt/EBITDA
N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-40.37M
29%
TTM Free Cash Flow
$-159.73M
2Q
FCF Margin
-19527.4%
2Q
FCF / Net Income
1.9
6%
TTM FCF of $-159.73M on $-40.37M in operating cash flow. The FCF / Net Income ratio of 1.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.

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Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Red Flag

Shares outstanding increased 47.9% — significant dilution, likely from stock compensation or capital raises.