SRRK Scholar Rock Holding Corp

FY2025 10-K
Filed: Mar 3, 2026
Health Care
Biological Products, (No Diagnostic Substances)SEC EDGAR

Scholar Rock Holding Corp (SRRK) filed its fiscal year 2025 10-K annual report with the SEC on Mar 3, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business: Biopharmaceutical company developing selective monoclonal antibodies targeting latent growth factors for rare neuromuscular diseases
  • New products emphasized: Apitegromab subcutaneous formulation and SRK-439 anti-latent myostatin antibody, both in clinical development in 2026
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Management Discussion & Analysis

  • Net loss $377.9M in 2025 vs $246.3M in 2024, operating expenses up 52.6% to $384.6M from $252.1M
  • R&D expense $208.4M (+12.9%), G&A expense $176.2M (+161.0%), driven by commercial launch prep for apitegromab
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Risk Factors

  • FDA CRL September 2025 for apitegromab due to third-party fill-finish facility GMP deficiencies, delaying BLA resubmission and potential commercialization
  • Geopolitical risk: EMA MAA review may be delayed or rejected due to mutual recognition of FDA’s OAI classification of the manufacturing site
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Financial Summary
XBRL

Revenue

$0

Net Income

-$378M

ROE

-154.0%

Total Assets

$404M

EPS (Diluted)

$-3.29

Operating Cash Flow

-$300M

Source: XBRL data from Scholar Rock Holding Corp FY2025 10-K filing on SEC EDGAR. All figures in USD.

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