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Cingulate Inc., a biopharmaceutical company, develops pharmaceutical products using its drug delivery platform technology for the treatment of attention deficit/hyperactivity disorder (ADHD) and anxiety in the United States. The company's lead product candidate is CTx-1301 (dexmethylphenidate), which is in Phase 3 clinical trials for the treatment of ADHD in children, adolescents, and adults. It also develops CTx-2103 (buspirone), which is in a formulation stage for the treatment of anxiety. In addition, the company plans to initiate a clinical plan for CTx-1302 (dextroamphetamine) to treat ADHD. Cingulate Inc. was founded in 2012 and is headquartered in Kansas City, Kansas.
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Cingulate Inc (CING) is a NASDAQ-listed company with limited public disclosures, so its core business is not clearly described. Meaningful assessment of long-term growth drivers is not possible; investors may view the stock as speculative pending clearer filings, strategic updates or evidence of sustainable operations.
Key risks include limited transparency, unclear or undeclared revenue sources, potential illiquidity and high share-price volatility, plus execution and financing risk if the company needs capital to implement any future plans.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -22.45M | -15.55M | -23.53M | -17.68M | -20.71M |
| Net income | -22.45M | -15.55M | -23.53M | -17.85M | -20.74M |
| Selling general administrative | 10.16M | 6.20M | 7.27M | 8.51M | 12.27M |
| Selling and marketing expenses | - | - | 0.58M | - | - |
| Gross profit | -0.54M | -0.65M | -0.58M | - | - |
| Reconciled depreciation | 0.54M | 0.65M | 0.50M | 0.39M | 0.71M |
| Ebit | -19.94M | -15.55M | -23.53M | -17.90M | -20.68M |
| Ebitda | -19.40M | -14.89M | -22.95M | -17.50M | -19.97M |
| Depreciation and amortization | 0.54M | 0.65M | 0.58M | 0.39M | 0.71M |
| Operating income | -19.94M | -15.64M | -22.76M | -17.50M | -20.68M |
| Other operating expenses | 19.94M | 15.64M | 22.76M | 17.50M | 20.68M |
| Interest expense | 0.92M | 0.10M | 0.78M | 0.17M | -0.03M |
| Tax provision | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net interest income | -1.36M | 0.10M | -0.77M | -0.17M | -0.03M |
| Income tax expense | - | -0.00M | 0.00M | 0.17M | 0.03M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 19.40M | 14.99M | 22.18M | 17.50M | 20.68M |
| Cost of revenue | 0.54M | 0.65M | 0.58M | - | - |
| Total other income expense net | -2.51M | 0.10M | -0.78M | -0.17M | -0.03M |
| Net income from continuing ops | -22.45M | -15.55M | -21.21M | -17.68M | -20.71M |
| Net income applicable to common shares | - | - | - | -17.68M | -20.71M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 15.07M | 14.86M | 3.49M | 11.41M | 22.89M |
| Other current assets | 0.99M | 0.42M | 0.33M | 2.18M | 2.39M |
| Total liab | 12.56M | 7.41M | 10.36M | 7.52M | 2.04M |
| Total stockholder equity | 2.51M | 7.46M | -6.87M | -69.41M | 20.84M |
| Other current liab | 1.74M | 0.84M | 1.65M | 1.23M | 0.30M |
| Common stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Capital stock | 0.00M | 0.00M | - | 0.00M | 0.00M |
| Retained earnings | -132.38M | -108.49M | -92.94M | -69.41M | -51.73M |
| Other assets | - | -17412.80M | 0.00M | - | - |
| Cash | 10.95M | 12.21M | 0.05M | 5.36M | 16.49M |
| Total current liabilities | 10.31M | 4.97M | 10.23M | 7.01M | 1.18M |
| Current deferred revenue | - | - | - | - | 0.60M |
| Net debt | -2.17M | -7.11M | 3.46M | 0.17M | -15.61M |
| Short term debt | 6.53M | 2.66M | 3.38M | 5.02M | 0.02M |
| Short long term debt | 6.30M | 2.53M | - | 5.00M | - |
| Short long term debt total | 8.79M | 5.10M | 3.51M | 5.53M | 0.88M |
| Other stockholder equity | 134.88M | 115.94M | 86.07M | -0.00M | 72.57M |
| Property plant equipment | - | - | - | 3.54M | 4.00M |
| Total current assets | 11.95M | 12.66M | 0.40M | 7.87M | 18.88M |
| Net tangible assets | - | - | - | 3.88M | 3.08M |
| Short term investments | - | - | - | 0.00M | 0.00M |
| Net receivables | 0.01M | 0.03M | 0.01M | 0.23M | 0.69M |
| Long term debt | 1.15M | 2.44M | - | - | - |
| Inventory | - | -0.05M | - | 0.10M | -0.69M |
| Accounts payable | 2.04M | 1.27M | 5.20M | 0.76M | 0.26M |
| Accumulated other comprehensive income | - | - | - | - | 0.00M |
| Non currrent assets other | - | 17412.80M | -13194.39M | -5906.40M | -1357.94M |
| Non current assets total | 22582.68M | 2.20M | 3.09M | 3.54M | 4.00M |
| Capital lease obligations | 1.34M | 0.14M | - | 0.53M | 0.88M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -0.21M | -0.18M | -0.15M | -0.81M |
| Change to liabilities | - | - | - | 0.79M | -1.32M |
| Total cashflows from investing activities | -0.16M | -0.21M | -0.22M | -0.15M | -0.81M |
| Net borrowings | 6.00M | 4.95M | 2.98M | 4.98M | -0.94M |
| Total cash from financing activities | 16.15M | 30.82M | 9.95M | 4.90M | 26.54M |
| Change to operating activities | - | - | - | -0.65M | -1.35M |
| Net income | -22.45M | -15.55M | -23.53M | -17.68M | -20.71M |
| Change in cash | -1.26M | 12.16M | -5.30M | -11.14M | 15.30M |
| Begin period cash flow | 12.21M | 0.05M | 5.36M | 16.49M | 1.20M |
| End period cash flow | 10.95M | 12.21M | 0.05M | 5.36M | 16.49M |
| Total cash from operating activities | -17.25M | -18.45M | -15.03M | -15.88M | -10.43M |
| Issuance of capital stock | 10.15M | 25.88M | 6.15M | 0.00M | 20.37M |
| Depreciation | 0.54M | 0.65M | 0.58M | 0.39M | 0.71M |
| Other cashflows from investing activities | 0.00M | -0.21M | 0.00M | -0.00M | -0.00M |
| Change to account receivables | 0.02M | -0.01M | 0.22M | 0.46M | -0.54M |
| Other cashflows from financing activities | -0.00M | 30.82M | 3.00M | 4.91M | 7.10M |
| Change to netincome | - | - | - | 0.80M | 12.78M |
| Capital expenditures | 0.16M | 0.21M | 0.22M | 0.15M | 0.81M |
| Change in working capital | 0.83M | -4.55M | 7.10M | 0.60M | -3.21M |
| Stock based compensation | 1.52M | 1.00M | 0.81M | 0.80M | 12.78M |
| Other non cash items | 3.83M | 1.00M | -27.76M | - | -22.49M |
| Free cash flow | -17.41M | -18.66M | -15.26M | -16.04M | -11.25M |
Sector: Healthcare Industry: Biotechnology
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|
| CING Cingulate Inc |
0.12 2.82% |
4.38 | - | - | - | 3.18 | -0.36 |
| NVO Novo Nordisk A/S |
1.03 2.56% |
41.34 | 41.58 | 31.15 | 2.13 | 32.99 | 4.70 |
| VRTX Vertex Pharmaceuticals Inc |
1.49 0.27% |
548.58 | 30.22 | 24.27 | 10.36 | 6.50 | 24.66 |
| REGN Regeneron Pharmaceuticals Inc |
18.16 2.01% |
922.51 | 29.07 | 20.12 | 7.57 | 3.82 | 19.42 |
| ARGNF argenx SE |
- -% |
900.30 | 45.77 | 31.25 | 13.84 | 7.12 | 36.06 |
Cingulate Inc., a biopharmaceutical company, develops pharmaceutical products using its drug delivery platform technology for the treatment of attention deficit/hyperactivity disorder (ADHD) and anxiety in the United States. The company's lead product candidate is CTx-1301 (dexmethylphenidate), which is in Phase 3 clinical trials for the treatment of ADHD in children, adolescents, and adults. It also develops CTx-2103 (buspirone), which is in a formulation stage for the treatment of anxiety. In addition, the company plans to initiate a clinical plan for CTx-1302 (dextroamphetamine) to treat ADHD. Cingulate Inc. was founded in 2012 and is headquartered in Kansas City, Kansas.
1901 West 47th Place, Kansas City, KS, United States, 66205
913 942 2300
14
| Name | Title | Year Born |
|---|---|---|
| Dr. Shane J. Schaffer Pharm.D., PharmD | CEO & Chairman | 1975 |
| Mr. Louis G. Van Horn CPA, M.B.A. | Exec. VP & CFO | 1959 |
| Dr. Laurie A. Myers M.B.A., Ph.D. | Exec. VP & COO | 1957 |
| Mr. Craig S. Gilgallon Esq. | Exec. VP, Gen. Counsel & Board Sec. | 1973 |
| Dr. Raul R. Silva M.D. | Exec. VP & Chief Science Officer | 1958 |
| Thomas Dalton | Head of Investor & PR | NA |
| Dr. Matthew N. Brams M.D. | Exec. VP & Chief Medical Officer | 1964 |
| Dr. Shane J. Schaffer Pharm.D., PharmD | CEO & Chairman of the Board | 1975 |
| Dr. Laurie A. Myers M.B.A., Ph.D. | Executive VP & COO | 1957 |
| Dr. Matthew N. Brams M.D. | Executive VP & Chief Medical Officer | 1964 |
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