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Keros Therapeutics

KROS
44
Biotechnology · Healthcare
Price
$10.64
+0.03 (+0.28%)
Market Cap
$340.5M
Exchange
NASDAQ
Winston Score
44
Winston is serious
Mixed quality — meaningful strengths and weaknesses.

Share count rising — dilution

+62.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 23.3M (2021) → 37.9M (2025)

Keros Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of novel treatments for patients suffering from hematological and musculoskeletal disorders with high unmet medical need. The company's lead protein therapeutic product candidate is KER-050, which is being developed for the treatment of low blood cell counts, or cytopenias, including anemia and thrombocytopenia in patients with myelodysplastic syndromes, and in patie

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-87.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+24.6% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$130M/ year

Declining (-25% vs prior year)

53.1% of revenue

3.0x the sector average (18%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

7.7%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 years

$287M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

$287M cash & investments at current burn rate

Revenue declining

Keros Therapeutics's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
-3.9%
Thin — -3.9% gross margin
Operating Margin
-6809.4%
Losing money on operations — -6809.4%
ROCE
-8.6%
Weak — -8.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+6775.0%
Fast-growing sales (6775.0% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
124%
Turns 124% of profit into real cash
FCF Margin
43.4%
Converts sales into free cash efficiently (43.4%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity
0.01
Conservative — low debt load (0.01)
Interest Cover
100.00x
Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)
5.7x
Attractive valuation — P/E 5.7

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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