PROK on Nasdaq
PROKIDNEY CORP.
We are a late-clinical-stage biotechnology company pioneering the development of a first-in-class, autologous cell therapy that is intended to preserve kidney function in patients with advanced.4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerPROK on Nasdaq1
- IndustryBiological Products, (No Diagnostic Substances)1
- HeadquartersWinston-Salem, North Carolina1
- Incorporated inCayman Islands3
- Business address2000 Frontis Plaza Blvd., Suite 250, Winston-Salem, Nc 271033
- Filer category, Emerging growth company3
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We are a late-clinical-stage biotechnology company pioneering the development of a first-in-class, autologous cell therapy that is intended to preserve kidney function in patients with advanced chronic kidney disease (“CKD”) and diabetes. Our approach seeks to redefine the treatment of CKD, shifting the emphasis away from management of kidney failure to the preservation of kidney function. Our lead product candidate, rilparencel, is the only cell therapy in Phase 3 clinical study for the treatment of advanced CKD and type 2 diabetes. Rilparencel is a product that includes autologous Selected Renal Cells (“SRC”) prepared from a patient’s own (autologous) kidney cells. The SRC are formulated as rilparencel for reinjection into the patient’s kidneys using a minimally invasive outpatient procedure. Because rilparencel is a personalized product composed of cells prepared from a patient’s own …4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development100¢$114.1M
- Interest0¢$4.0K
- Income tax0¢$414.0K
Out of $893.0K in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $893.0K | $76.0K | $0 |
| Research and development | $114.1M | $127.7M | $106.7M |
| General and administrative | $51.8M | $56.1M | $44.8M |
| Total operating expenses | $165.9M | $183.8M | $151.5M |
| Operating loss | -$165.0M | -$183.7M | -$151.5M |
| Interest income | $13.8M | $19.8M | $22.1M |
| Interest expense | -$4.0K | -$9.0K | -$12.0K |
| Net loss before income taxes | -$151.2M | -$163.9M | -$129.5M |
| Income tax (benefit) expense | $414.0K | -$598.0K | $6.0M |
| Net loss before noncontrolling interest | -$151.6M | -$163.3M | -$135.4M |
| Net loss attributable to noncontrolling interest | -$82.6M | -$102.1M | -$100.0M |
| Net loss available to Class A ordinary shareholders | -$69.0M | -$61.2M | -$35.5M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $108.5M | $99.1M | ||
| Marketable securities | $161.5M | $259.2M | ||
| Interest receivable | $1.1M | $2.4M | ||
| Prepaid assets | $2.8M | $4.2M | ||
| Prepaid clinical | $3.9M | $11.5M | ||
| Assets held for sale | $0 | $19.4M | ||
| Other current assets | $2.8M | $80.0K | ||
| Total Current Assets | $280.7M | $395.9M | ||
| Fixed assets, net | $51.2M | $42.2M | ||
| Right of use assets, net | $3.7M | $3.0M | ||
| Total assets | $335.6M | $441.1M | ||
| Accounts payable | $940.0K | $3.6M | ||
| Lease liabilities | $1.1M | $765.0K | ||
| Accrued expenses and other | $28.7M | $31.1M | ||
| Income taxes payable | $0 | $682.0K | ||
| Total current liabilities | $30.7M | $36.2M | ||
| Income tax payable, net of current portion | $1.1M | $748.0K | ||
| Lease liabilities, net of current portion | $3.0M | $2.5M | ||
| Total liabilities | $34.8M | $39.4M | ||
| Redeemable noncontrolling interest | $1.3B | $1.4B | ||
| Additional paid-in capital | $258.6M | $205.7M | ||
| Accumulated other comprehensive gain | $56.0K | $130.0K | ||
| Accumulated deficit | -$1.3B | -$1.2B | ||
| Total shareholders' deficit | -$1.0B | -$995.0M | -$1.1B | -$1.1B |
| Total liabilities and shareholders' deficit | $335.6M | $441.1M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $108.5M | $99.1M | ||
| Marketable securities | $161.5M | $259.2M | ||
| Interest receivable | $1.1M | $2.4M | ||
| Prepaid assets | $2.8M | $4.2M | ||
| Prepaid clinical | $3.9M | $11.5M | ||
| Assets held for sale | $0 | $19.4M | ||
| Other current assets | $2.8M | $80.0K | ||
| Total Current Assets | $280.7M | $395.9M | ||
| Fixed assets, net | $51.2M | $42.2M | ||
| Right of use assets, net | $3.7M | $3.0M | ||
| Total assets | $335.6M | $441.1M | ||
| Accounts payable | $940.0K | $3.6M | ||
| Lease liabilities | $1.1M | $765.0K | ||
| Accrued expenses and other | $28.7M | $31.1M | ||
| Income taxes payable | $0 | $682.0K | ||
| Total current liabilities | $30.7M | $36.2M | ||
| Income tax payable, net of current portion | $1.1M | $748.0K | ||
| Lease liabilities, net of current portion | $3.0M | $2.5M | ||
| Total liabilities | $34.8M | $39.4M | ||
| Redeemable noncontrolling interest | $1.3B | $1.4B | ||
| Additional paid-in capital | $258.6M | $205.7M | ||
| Accumulated other comprehensive gain | $56.0K | $130.0K | ||
| Accumulated deficit | -$1.3B | -$1.2B | ||
| Total shareholders' deficit | -$1.0B | -$995.0M | -$1.1B | -$1.1B |
| Total liabilities and shareholders' deficit | $335.6M | $441.1M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss before noncontrolling interest | -$151.6M | -$163.3M | -$135.4M |
| Depreciation and amortization | $6.6M | $5.4M | $3.9M |
| Equity-based compensation | $25.3M | $29.4M | $30.8M |
| Gain on marketable securities, net | -$3.4M | -$7.0M | -$6.0M |
| Gain on lease disposition | -$29.0K | -$161.0K | $0 |
| Impairment charges | $318.0K | $5.3M | $0 |
| Loss on disposal of equipment | $1.4M | $56.0K | $23.0K |
| Interest receivable | $1.3M | -$1.1M | -$1.4M |
| Prepaid and other assets | $6.2M | -$6.0M | $4.6M |
| Accounts payable and accrued expenses | -$5.9M | $11.6M | $11.6M |
| Income taxes payable | -$356.0K | -$609.0K | $1.8M |
| Net cash flows used in operating activities | -$120.1M | -$126.4M | -$90.1M |
| Proceeds from sale of facility | $18.2M | $0 | $0 |
| Purchases of marketable securities | -$217.1M | -$324.0M | -$471.6M |
| Sales and maturities of marketable securities | $318.0M | $373.9M | $175.8M |
| Purchase of equipment and facility expansion | -$15.2M | -$29.5M | -$34.2M |
| Net cash flows provided by (used in) investing activities | $104.0M | $20.4M | -$330.0M |
| Proceeds from sales of Class A ordinary shares, net of offering costs | $24.2M | $144.3M | $0 |
| Payments on finance leases | -$26.0K | -$54.0K | -$52.0K |
| Exercise of stock options | $1.3M | $140.0K | $0 |
| Repurchase of Class A common stock Amount | $0 | $0 | -$9.5M |
| Net cash flows provided by (used in) financing activities | $25.6M | $144.4M | -$9.6M |
| Net change in cash and cash equivalents | $9.4M | $38.5M | -$429.6M |
| Right of use assets obtained in exchange for lease obligations | $2.0M | $2.6M | $2.6M |
| Exchange of Class B ordinary shares | $5.3M | $15.4M | $9.5M |
| Impact of equity transactions and compensation on redeemable noncontrolling interest | $3.4M | $19.4M | $2.6M |
| Change in redemption value of noncontrolling interest | $0 | $0 | $79.0K |
| Equipment and facility expansion included in accounts payable and accrued expenses | $131.0K | $347.0K | $218.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led PROKIDNEY CORP., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerBruce Culleton Dec 5, 2023 to now12
- Chief executive officerTimothy Bertram Jul 13, 2022 to Jan 18, 202313
- Chief financial officerJames Coulston Jul 13, 2022 to now14
- Chief financial officerJames Ryans Jun 29, 2021 to Jun 29, 202115
- Chief operating officerDeepak Jain Jul 13, 2022 to Jan 18, 202316
Board members and other officers (20)
- Chief Technical OfficerKenneth Thomas Locke Jun 10, 2026 to now17
- EVP, Technical OperationsUlrich Peter Alfred Ernst Apr 2, 2024 to Apr 2, 202418
- Chief People OfficerMary Weger Jan 6, 2023 to Jan 18, 202319
- EVP, Clinical DevelopmentBruce Culleton Jul 25, 2023 to Aug 3, 202320
- SVP of Regulatory DevelopmentDarin J. Weber Jul 13, 2022 to now21
- Chief Medical OfficerLibbie Parker McKenzie Jul 13, 2022 to Jan 18, 202322
- Director of ResearchShoney Katz Jun 29, 2021 to Jun 29, 202123
- OfficerKishan Mehta Jul 7, 2021 to Aug 16, 202124
- Board memberBruce Culleton Dec 5, 2023 to now12
- Board memberAlan Lotvin Jul 13, 2022 to now25
- Board memberBrian Jg Pereira Jul 13, 2022 to now26
- Board memberJennifer A. Fox Jul 13, 2022 to now27
- Board memberJohn Maraganore Jul 13, 2022 to Jul 3, 202328
- Board memberPablo G. Legorreta Jul 13, 2022 to now29
- Board memberSantos Jose Ignacio Jimenez Jul 13, 2022 to now30
- Board memberTimothy Bertram Jul 13, 2022 to Jan 18, 202313
- Board memberMarc Semigran Jun 29, 2021 to Jun 29, 202131
- Board memberKishan Mehta Jul 7, 2021 to Aug 16, 202124
- Board memberUma Sinha Sep 24, 2021 to now32
- General counselTodd C. Girolamo Jul 13, 2022 to now33
Former names
- Social Capital Suvretta Holdings Corp. IIIApr 21, 2021 to Jul 11, 20223
Timeline
Filings
370 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 67 major events, 144 insider forms, 36 large holders, 102 other. The latest 20:
- Aug 20, 20264 EDGAR
- Aug 18, 2026144 EDGAR
- Aug 18, 2026144 EDGAR
- Aug 12, 2026SCHEDULE 13G/A EDGAR
- Aug 10, 20268-K EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jun 15, 20264 EDGAR
- Jun 10, 20263 EDGAR
- May 29, 20264 EDGAR
- May 29, 20264 EDGAR
- May 29, 20264 EDGAR
- May 29, 20264 EDGAR
- May 29, 20264 EDGAR
- May 29, 20264 EDGAR
- May 29, 20264 EDGAR
- May 29, 20268-K EDGAR
- May 15, 20268-K EDGAR
- May 15, 202610-Q EDGAR
The 370 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
66 open-market trades by officers, directors and large owners since October 2021: 17 buys and 49 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Pereira Brian JGDirector | Sale | 250,000 | $1.42 | $355.0K | Form 4 |
| Aug 19, 2026 | Pereira Brian JGDirector | Sale | 250,000 | $1.44 | $360.0K | Form 4 |
| Aug 18, 2026 | Pereira Brian JGDirector | Sale | 257,164 | $1.37 | $352.3K | Form 4 |
| Nov 13, 2025 | Pereira Brian JGDirector | Sale | 502,136 | $2.37 | $1.2M | Form 4 |
| Nov 12, 2025 | Pereira Brian JGDirector | Sale | 255,026 | $2.72 | $693.7K | Form 4 |
| Jul 8, 2025 | Weber Darin J.Chief Regulatory Officer | Sale | 103,480 | $3.02 | $312.5K | Form 4 |
| Apr 22, 2025 | Control Empresarial de Capitales S.A. de C.V.10% owner | Buy | 387,393 | $0.71 | $275.0K | Form 4 |
| Apr 17, 2025 | Control Empresarial de Capitales S.A. de C.V.10% owner | Buy | 25,000 | $0.75 | $18.8K | Form 4 |
| Apr 16, 2025 | Control Empresarial de Capitales S.A. de C.V.10% owner | Buy | 100,000 | $0.75 | $75.0K | Form 4 |
| Apr 15, 2025 | Control Empresarial de Capitales S.A. de C.V.10% owner | Buy | 468,000 | $0.70 | $327.6K | Form 4 |
| Apr 14, 2025 | Control Empresarial de Capitales S.A. de C.V.10% owner | Buy | 268,105 | $0.73 | $195.7K | Form 4 |
| Apr 11, 2025 | Control Empresarial de Capitales S.A. de C.V.10% owner | Buy | 1,900 | $0.61 | $1.2K | Form 4 |
| Apr 10, 2025 | Control Empresarial de Capitales S.A. de C.V.10% owner | Buy | 1,032,218 | $0.61 | $629.7K | Form 4 |
| Sep 19, 2024 | Weber Darin J.Chief Regulatory Officer | Sale | 16,412 | $2.50 | $41.0K | Form 4 |
| Jul 26, 2024 | Weber Darin J.Chief Regulatory Officer | Sale | 826 | $2.50 | $2.1K | Form 4 |
| Jun 18, 2024 | Weber Darin J.Chief Regulatory Officer | Sale | 17,238 | $2.82 | $48.6K | Form 4 |
| Jun 13, 2024 | Legorreta Pablo G.Director | Buy | 22,617,909 | $2.42 | $54.7M | Form 4 |
| Jun 11, 2024 | Control Empresarial de Capitales S.A. de C.V.10% owner | Buy | 8,264,462 | $2.42 | $20.0M | Form 4 |
| May 20, 2024 | Weber Darin J.Chief Regulatory Officer | Sale | 17,238 | $4.08 | $70.3K | Form 4 |
| Apr 22, 2024 | Weber Darin J.Chief Regulatory Officer | Sale | 16,438 | $2.51 | $41.3K | Form 4 |
All 66 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Morgan StanleySCHEDULE 13G/A, 8 filings Sep 12, 2022 to Aug 12, 202634
- Empresarial De Capitales S.a. De C.v. ControlSCHEDULE 13D/A, 3 filings Jul 22, 2022 to Apr 30, 202635
- Tolerantia, LLCSCHEDULE 13D/A, 6 filings Jul 22, 2022 to Jun 5, 202536
- BlackRockSC 13G, 2 filings Oct 18, 2024 to Nov 8, 202437
- MONTANOVA CAPITAL, LLCSC 13G/A, 4 filings Jul 22, 2022 to Oct 22, 202438
- Chamath PalihapitiyaSC 13D/A, 6 filings Jul 20, 2022 to Nov 20, 202339
- Sculptor Capital LPSC 13G/A, 2 filings Dec 29, 2021 to Feb 14, 202340
- INTEGRATED CORE STRATEGIES (US) LLCSC 13G/A, 2 filings Jan 25, 2022 to Feb 10, 202341
- ADAGE CAPITAL PARTNERS GP, L.L.C.SC 13G/A, 1 filing Feb 9, 202342
- SCS Sponsor III LLCSC 13G/A, 2 filings Feb 9, 2022 to Jul 21, 202243
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 69. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Montanova Capital, LLC | 12,341,266 | $25.2M | 0.5% | No change |
| Morgan Stanley | 9,854,178 | $20.1M | 0.0% | +898,211 |
| BlackRock, Inc. | 5,197,227 | $10.6M | 0.0% | +3,810,111 |
| Geode Capital Management, LLC | 2,390,147 | $4.9M | 0.0% | +1,159,738 |
| Bleichroeder LP | 2,000,000 | $4.1M | 0.7% | No change |
| Hennion & Walsh Asset Management, Inc. | 1,847,749 | $3.8M | 0.1% | +236,056 |
| Artia Global Partners LP | 1,806,939 | $3.7M | 0.7% | No change |
| Vanguard Capital Management LLC | 1,175,257 | $2.4M | 0.0% | +28,320 |
| Renaissance Technologies LLC | 1,099,400 | $2.2M | 0.0% | −151,394 |
| Millennium Management LLC | 1,054,705 | $2.2M | 0.0% | −1,216,872 |
| State Street Corp | 1,045,945 | $2.1M | 0.0% | +489,100 |
| Charles Schwab Investment Management Inc | 781,729 | $1.6M | 0.0% | +153,958 |
| UBS Group AG | 671,447 | $1.4M | 0.0% | +336,901 |
| Northern Trust Corp | 664,827 | $1.4M | 0.0% | +423,247 |
| MYDA Advisors LLC | 640,775 | $1.3M | 0.3% | +212,000 |
| Vanguard Fiduciary Trust Co | 632,149 | $1.3M | 0.0% | +93,778 |
| Bank Of America Corp /de/ | 545,158 | $1.1M | 0.0% | −208,254 |
| Vanguard Portfolio Management LLC | 517,082 | $1.1M | 0.0% | New |
| Voleon Capital Management LP | 473,307 | $965.5K | 0.0% | +370,609 |
| Amundi | 304,151 | $620.5K | 0.0% | +12,443 |
| Two Sigma Investments, LP | 273,259 | $557.4K | 0.0% | −73,123 |
| Susquehanna International Group, Llp | 252,906 | $515.9K | 0.0% | +48,418 |
| Goldman Sachs Group Inc | 203,006 | $414.1K | 0.0% | −218,896 |
| Virtus Investment Advisers, LLC | 199,510 | $407.0K | 0.1% | +76,122 |
| Bank of New York Mellon Corp | 176,657 | $360.4K | 0.0% | +165,465 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARPROKIDNEY CORP. filings on SEC EDGAR
- 2SEC EDGARPROKIDNEY CORP. 10-K for fiscal 2025
- 3SEC EDGARPROKIDNEY CORP. filings on SEC EDGAR
- 4
- 5SEC EDGARPROKIDNEY CORP. 10-K for fiscal 2022
- 6SEC EDGARPROKIDNEY CORP. 10-K for fiscal 2020
- 7SEC EDGARPROKIDNEY CORP. 10-K for fiscal 2021
- 8SEC EDGARPROKIDNEY CORP. 10-Q for fiscal 2025
- 9SEC EDGARPROKIDNEY CORP. 10-Q for fiscal 2025
- 10SEC EDGARPROKIDNEY CORP. 10-Q for fiscal 2026
- 11SEC EDGARPROKIDNEY CORP. 10-Q for fiscal 2025
- 12
- 13
- 14
- 15SEC EDGARJames Ryans, Chief financial officer
- 16SEC EDGARDeepak Jain, Chief operating officer
- 17
- 18
- 19SEC EDGARMary Weger, Chief People Officer
- 20
- 21
- 22
- 23SEC EDGARShoney Katz, Director of Research
- 24SEC EDGARKishan Mehta, Officer
- 25SEC EDGARAlan Lotvin, Board member
- 26SEC EDGARBrian Jg Pereira, Board member
- 27SEC EDGARJennifer A. Fox, Board member
- 28SEC EDGARJohn Maraganore, Board member
- 29SEC EDGARPablo G. Legorreta, Board member
- 30
- 31SEC EDGARMarc Semigran, Board member
- 32SEC EDGARUma Sinha, Board member
- 33SEC EDGARTodd C. Girolamo, General counsel
- 34
- 35
- 36
- 37SEC EDGARBlackRock SC 13G on PROKIDNEY CORP.
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