Cardiff Oncology, Inc. income statement
In fiscal 2025, Cardiff Oncology, Inc. reported revenue of $593,000, down 13.2% on the year before, operating income of −$49.0m (a -8256.3% margin) and net income of −$45.9m, or −$0.69 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Cost of revenue | — | — | — | 0 | 1 | 2 | 2 | 1 | 0 | — | — | — | — | — | — | — |
| Gross profit | — | — | — | 0 | −0 | −1 | −1 | −0 | 0 | — | — | — | — | — | — | — |
| Research and development | 1 | 2 | 4 | 7 | 11 | 15 | 8 | 8 | 11 | 11 | 17 | 27 | 33 | 37 | 35 | 26 |
| Selling, general and administrative | 2 | 3 | 7 | — | — | — | 14 | 8 | 6 | 8 | 12 | 13 | 13 | 12 | 14 | 17 |
| Selling and marketing | — | — | — | 3 | 6 | 12 | — | — | — | — | — | — | — | — | — | — |
| General and administrative | — | — | — | 6 | 8 | 11 | — | — | — | — | — | — | — | — | — | — |
| Operating income | −3 | −5 | −11 | −15 | −25 | −40 | −26 | −17 | −17 | −19 | −29 | −40 | −45 | −49 | −49 | −42 |
| Interest expense | 0 | — | 0 | 1 | 2 | 2 | 1 | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Net interest income | — | — | — | −1 | −1 | −1 | — | — | — | — | — | — | — | — | — | — |
| Income before tax | — | — | — | — | — | — | — | — | — | — | — | — | — | −45 | −46 | — |
| Income tax | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net income | −2 | −12 | −12 | −14 | −27 | −39 | −25 | −16 | −16 | −19 | −28 | −39 | −41 | −45 | −46 | −40 |
| Diluted EPS | −$0.05 | −$0.18 | −$0.14 | −$0.18 | −$0.24 | −$0.27 | −$10.35 | −$8.26 | −$2.80 | −$1.08 | −$0.73 | −$0.89 | −$0.93 | −$0.95 | −$0.69 | −$0.59 |
| Diluted shares (average) | 49m | 65m | 85m | 95m | 132m | 151m | 2m | 2m | 6m | 21m | 39m | 44m | 45m | 48m | 67m | 68m |
| EBITDA | −3 | −5 | −11 | −15 | −25 | −39 | −24 | −16 | −16 | −19 | −28 | −40 | −45 | −48 | −49 | −42 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Research and development | 10 | 10 | 10 | 12 | 8 | 5 | 7 | 6 |
| Selling, general and administrative | 3 | 3 | 4 | 3 | 4 | 3 | 6 | 4 |
| Operating income | −13 | −13 | −14 | −15 | −12 | −8 | −13 | −10 |
| Net income | −12 | −12 | −13 | −14 | −11 | −7 | −12 | −9 |
| Diluted EPS | −$0.25 | −$0.21 | −$0.20 | −$0.21 | −$0.17 | −$0.11 | −$0.18 | −$0.14 |
| EBITDA | −13 | −12 | −14 | −15 | −12 | −8 | −13 | −10 |
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