# Oruka Therapeutics, Inc.: overview

ORKA · Nasdaq · CIK 907654 · [Healthcare](/sectors/healthcare.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/orka.md) · [Financials](/companies/orka/financials.md) · [Filings](/companies/orka/filings.md) · [Insiders](/companies/orka/insiders.md)

Latest reported revenue: [$0](/filings/0000950170-24-089246.md) for Q2 FY2025, three months to 2024-06-30, from the 10-Q filed Aug 1, 2024 (XBRL us-gaap:Revenues, accession 0000950170-24-089246).

## Last eight quarters

| Line item | Unit | Q2 FY2025 (2024-06-30) | Q3 FY2025 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [0.0 d](/filings/0000950170-24-089246.md) | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [(6.96)](/filings/0001213900-25-074281.md) | [(1.46)](/filings/0001213900-24-097443.md) | [(0.40)](/filings/0001213900-25-043279.md) | [(0.46)](/filings/0001213900-25-074281.md) | not reported | not reported | not reported | not reported |
| Free cash flow | $m | not reported | not reported | [(20.9)](/filings/0001213900-26-055769.md) | [(23.2) d](/filings/0001213900-26-087231.md) | [(21.7) d](/filings/0001213900-25-109182.md) | [(22.7) d](/filings/0001213900-26-026929.md) | [(23.7)](/filings/0001213900-26-055769.md) | [(33.1) d](/filings/0001213900-26-087231.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 6-month figure less the 3-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 6-month figure less the 3-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 6-month figure less the 3-month figure; 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 6-month figure less the 3-month figure; 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2020 (2020-12-31) | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [0.0](/filings/0001564590-21-014148.md) | [0.0](/filings/0001564590-22-010075.md) | [0.0](/filings/0000950170-23-004379.md) | [0.0](/filings/0000950170-24-009809.md) | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [(2.07)](/filings/0001564590-22-010075.md) | [(1.39)](/filings/0000950170-23-004379.md) | [(0.69)](/filings/0000950170-24-009809.md) | [(0.37)](/filings/0000950170-24-009809.md) | not reported |
| Free cash flow | $m | [(7.7)](/filings/0001564590-22-010075.md) | [(18.8)](/filings/0000950170-23-004379.md) | [(10.9)](/filings/0000950170-24-009809.md) | [(5.0)](/filings/0000950170-24-009809.md) | [(88.4)](/filings/0001213900-26-026929.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted; Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/orka/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $862.0m | 9,057,645 |  | Added +1,626,242 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $474.9m | 4,990,181 |  | Added +1,463,094 |
| [Venrock Adviser, LLC](/funds/1615982.md) | 2026-06-30 | $394.8m | 4,148,428 |  | Unchanged |
| [Fairmount Funds Management LLC](/funds/1802528.md) | 2026-06-30 | $352.6m | 3,705,262 |  | Unchanged |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $323.7m | 3,401,639 |  | New +3,401,639 |
| [RTW INVESTMENTS, LP](/funds/1493215.md) | 2026-06-30 | $298.7m | 3,139,030 |  | Added +1,080,882 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $254.4m | 2,673,090 |  | Added +1,059,629 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $224.7m | 2,360,971 |  | Added +501,340 |
| [Paradigm Biocapital Advisors LP](/funds/1855655.md) | 2026-06-30 | $204.1m | 2,144,526 |  | Reduced −175,790 |
| [Deep Track Capital, LP](/funds/1856083.md) | 2026-06-30 | $183.3m | 1,926,000 |  | Reduced −108,203 |

## Recent filings

[All 1,062 filings](/companies/orka/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-26 | 08:00 ET | [8-K](/filings/0001213900-26-112281.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001213900-26-112281 |
| 2026-08-24 | 16:06 ET | [8-K](/filings/0001213900-26-093021.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001213900-26-093021 |
| 2026-08-10 | 16:06 ET | [10-Q](/filings/0001213900-26-087231.md) | Quarterly report, period 2026-06-30 | 0001213900-26-087231 |
| 2026-08-10 | 07:00 ET | [8-K](/filings/0001213900-26-086933.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001213900-26-086933 |
| 2026-07-01 | 21:30 ET | [SCHEDULE 13D/A](/filings/0001104659-26-080010.md) | Ownership report, active investor, amended | 0001104659-26-080010 |
| 2026-06-04 | 16:15 ET | [8-K](/filings/0001213900-26-065294.md) | 5.07 Shareholder vote results | 0001213900-26-065294 |
| 2026-06-01 | 16:01 ET | [8-K](/filings/0001213900-26-063481.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001213900-26-063481 |
| 2026-05-13 | 16:01 ET | [10-Q](/filings/0001213900-26-055769.md) | Quarterly report, period 2026-03-31 | 0001213900-26-055769 |
| 2026-05-04 | 18:00 ET | [SCHEDULE 13D/A](/filings/0001104659-26-055049.md) | Ownership report, active investor, amended | 0001104659-26-055049 |
| 2026-04-30 | 16:17 ET | [8-K](/filings/0001213900-26-050249.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001213900-26-050249 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001213900-26-026929.md), filed Mar 12, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 907654
- Tickers: ORKA
- Exchange: Nasdaq
- SIC code: 2834 Pharmaceutical Preparations
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 26, 2026, 08:01 ET. No prices; not investment advice.
