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MARKETS / NASDAQ / CGON
NASDAQ · BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) · LARGE CAP

CG Oncology, Inc. CGON

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.0M
▲ 254.7% YoY
$-161.0M
$-132.5M
In brief

What this company does

We are a late-stage clinical biopharmaceutical company focused on developing and commercializing cretostimogene grenadenorepvec (cretostimogene), an investigational oncolytic immunotherapy with a dual mechanism of action designed both to eliminate cancer cells directly by selective replication and indirectly by activating an anti-tumor immune response, as a potential backbone therapy in a broad range of patients afflicted with bladder cancer. We are evaluating the safety and efficacy of cretostimogene as a monotherapy in BOND-003 Cohort C, our ongoing Phase 3 clinical trial in high-risk Bacillus Calmette-Guérin (BCG)-unresponsive NMIBC with carcinoma in situ (CIS), with or without Ta/T1 disease. Cretostimogene has received both Fast Track and Breakthrough Therapy designations from the FDA for the treatment of high-risk BCG-unresponsive NMIBC with CIS with or without Ta or T1 papillary tumors. In October 2024, we initiated CORE-008 Cohort A, a Phase 2 clinical trial in high-risk NMIBC patients who are naïve to BCG treatment, including patients with CIS and with or without Ta/T1 dis

Written from the business description in CG Oncology, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 4.0M
Revenue, FY2025 · full 3-year series below
Revenue $M Net income $M
FY2025 · Revenue 4.0 · Net income -161.0
-80M-160M202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−3985 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4722.1% · Net -3985.0%
-10000%-20000%202320242025
ROE
FY2025 · ROE -21.7%
-10%-20%202320242025

Each USD of equity lost 22 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -132.5
-50M-100M202320242025

Total assetsUSD 791.6M
EquityUSD 752.6M
CashUSD 32.5M
Gross debtUSD 3.0M
Net debtUSD -29.5M
Current ratio24.63×

The company holds more cash than debt.

The 3-year record
3 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023
Revenue $B0.00.00.0
Operating income $B−0.2−0.1−0.1
EBITDA $B−0.2−0.1−0.1
Income tax $B−0.00.00.0
Net income $B−0.2−0.1−0.0
Free cash flow $B−0.1−0.1·
EPS, diluted $−2.08−1.41−15.65
Dividend / sh $···
Payout %···
ROE %−21.7−28.9·
Shares out B0.080.080.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 12 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 64 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2023

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