Krystal Biotech, Inc. (KRYS) FY2025 10-K Annual Report

Filed: Feb 17, 2026
Health Care
Biological Products, (No Diagnostic Substances)SEC EDGAR

Krystal Biotech, Inc. (KRYS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 17, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Krystal Biotech, Inc. FY2025 10-K Analysis

Business Overview

  • Core business: commercializing gene therapies targeting rare monogenic diseases, led by approved topical VYJUVEK for dystrophic epidermolysis bullosa (DEB)
  • New emphasis on diverse clinical pipeline including KB407 (cystic fibrosis), KB408 (AAT deficiency), ophthalmic KB803 & KB801, dermatology KB111, oncology KB707, and aesthetics via Jeune Aesthetics
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Management Discussion & Analysis

  • No revenue or profitability data disclosed in the provided MD&A excerpt
  • No segment performance or cash flow details included
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Risk Factors

  • Regulatory risk from Biologics Price Competition and Innovation Act (BPCIA) allowing biosimilar competition after 12 years exclusivity on VYJUVEK
  • Geopolitical risk from uncertain regulatory approval of VYJUVEK outside U.S., EU, Japan limiting international revenue
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Krystal Biotech, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$389M

+33.9% YoY

Net Income

$205M

+129.7% YoY

Operating Margin

41.5%

+1884bp YoY

Net Margin

52.6%

+2195bp YoY

ROE

16.8%

+737bp YoY

Total Assets

$1.3B

+26.3% YoY

EPS (Diluted)

$6.84

+128.0% YoY

Operating Cash Flow

$201M

+62.7% YoY

Source: XBRL data from Krystal Biotech, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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