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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Kardigan's operating assets for the quarter that ended in Dec. 2025 was $55.46 Mil. Kardigan's operating liabilities for the quarter that ended in Dec. 2025 was $627.45 Mil. Kardigan's Total Assets for the quarter that ended in Dec. 2024 was $63.53 Mil. Therefore, Kardigan's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -9.00.
Kardigan Scaled Net Operating Assets Related Terms
Kardigan Scaled Net Operating Assets Historical Data
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The historical data trend for Kardigan's Scaled Net Operating Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kardigan Scaled Net Operating Assets Chart
Kardigan Annual Data
Trend
Dec24
Dec25
Scaled Net Operating Assets
-1.94
-9.00
Kardigan Semi-Annual Data
Dec24
Dec25
Scaled Net Operating Assets
-1.94
-9.00
KARD vs OCUL, GHRS, FTRE: Scaled Net Operating Assets Comparison
For the Biotechnology subindustry, Kardigan's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kardigan Scaled Net Operating Assets vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Kardigan's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Kardigan's Scaled Net Operating Assets falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Scaled Net Operating Assets of -9.00 mean?
Kardigan (KARD) has a Scaled Net Operating Assets of -9.00 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Kardigan and its competitors.
Is Kardigan's Scaled Net Operating Assets too high?
Kardigan's current Scaled Net Operating Assets is -9.00. Overall, Kardigan has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Kardigan's Scaled Net Operating Assets compare to OCUL and GHRS?
Kardigan's Scaled Net Operating Assets of -9.00 can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Biotechnology company?
A good Scaled Net Operating Assets depends on the Biotechnology industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Kardigan and its competitors. Kardigan's current Scaled Net Operating Assets is -9.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardigan stock overvalued right now?
Kardigan (KARD) has a current Scaled Net Operating Assets of -9.00. The current Scaled Net Operating Assets is -9.00. Kardigan's overall GF Score™ is 11/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Kardigan (KARD), the current Scaled Net Operating Assets is -9.00 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Kardigan Inc is a clinical-stage therapeutics company focused on developing medicines for cardiovascular diseases. Its activities include the research and development of targeted therapies for cardiovascular conditions for which no approved treatments currently exist. The company's clinical-stage programs include Danicamtiv, Ataciguat, and Tonlamarsen, which are being developed for cardiovascular disease indications. The company operates and manages its business as a single operating and reportable segment, focused on the discovery and development of novel therapeutic products to treat cardiovascular disease.
11GF Score
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