KalVista Pharmaceuticals, Inc. (KALV) Announces Q3 Loss While Exceeding Revenue Projections
Quarterly Performance: KalVista Pharmaceuticals reported a quarterly loss of $0.92 per share, slightly better than the expected loss of $0.96, with revenues of $13.69 million, significantly surpassing estimates by 242.30%.
Stock Outlook: The company's stock has increased by 27.3% since the start of the year, outperforming the S&P 500, but future performance will depend on management's commentary and earnings estimate revisions.
Earnings Estimates: Current consensus estimates for the next quarter are a loss of $0.85 per share on $12.8 million in revenues, while the fiscal year estimate is a loss of $2.94 on $16.9 million in revenues.
Industry Context: KalVista operates in the Medical - Drugs industry, which ranks in the top 37% of Zacks industries, indicating a favorable environment that could influence stock performance.
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Needham Raises Kalvista Price Target to $35
- Price Target Increase: Needham raised the price target for Kalvista Pharmaceuticals Inc from $32 to $35, with analyst Serge Belanger maintaining a Buy rating, reflecting confidence in the company's future growth prospects.
- Market Performance: Kalvista shares closed at $15.82 on Thursday, indicating that despite the target price increase, the current stock price remains significantly below the new target, suggesting a potential undervaluation by the market.
- Competitive Analysis: In the biopharmaceutical sector, Kalvista's advancements in innovative drug development may attract increased investor interest, especially in light of the target price increase, which could stimulate stock price appreciation.
- Investor Confidence: The positive rating and target price increase from analysts may bolster investor confidence in Kalvista, potentially facilitating its future financing and market expansion plans.

KalVista Launches EKTERLY, Achieves $35M in First-Year Revenue
- Positive Market Response: KalVista Pharmaceuticals reported approximately $35 million in net product revenue for its hereditary angioedema treatment EKTERLY in Q4 2025, indicating strong market demand through growing prescriber adoption and repeat prescriptions.
- Breakthrough Treatment: EKTERLY is the first and only oral on-demand treatment approved by the FDA in July 2025 for acute attacks in patients aged 12 and older, representing a significant advancement in the treatment landscape.
- Global Expansion Plans: KalVista granted Multicare Pharmaceuticals exclusive rights to commercialize sebetralstat in Latin America, covering Brazil, Argentina, Colombia, and Mexico, thereby enhancing its global market reach.
- Rapid Clinical Progress: The company completed enrollment in the Phase 3 KONFIDENT-KID trial evaluating sebetralstat in children aged 2 to 11 a full year ahead of schedule, with plans to submit a new drug application in Q3 2026 and a potential U.S. launch in 2027.









