Cingulate IncCingulate Inc
Cingulate Inc

Cingulate Inc

CING
Health Care·Biotechnology

Cingulate, Inc. operates as a clinical stage bio pharmaceutical company using a Precision Timed Release drug delivery platform technology to build a pipeline of next-generation pharmaceutical products. The firm initially focused on the treatment of Attention Deficit/Hyperactivity Disorder (ADHD). It identifies and evaluates additional therapeutic areas, PTR technology employed to develop future product candidates. Cingulate was founded by Shane J. Schaffer, Craig Steven Gilgallon, Raul R. Silva, Matthew N. Brams in May 2012 and is headquartered in Kansas City, KS.

Kansas; U.S.A
Market cap
No dataNo data
Revenue
No dataNo data
Net income
$-22.4M−44.4% YoY
Free cash flow
$-17.4M+6.7% YoY

Market

Listed stock
CINGPriceNasdaq
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Financial performance

Revenue
No dataNo data
Operating income
$-19.9M−27.4% YoY
Net income
$-22.4M−44.4% YoY
Free cash flow
$-17.4M+6.7% YoY

Revenue, profit & cash trend

Revenue
Reference
Revenue: 2021 $0, 2022 $0, 2023 $0, 2024 $0. Reference line: Reference at $0.

Growth & profitability

Revenue growth
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Gross margin
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Operating margin
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FCF margin
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Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $-20.7M, 2022-12-31 $-17.5M, 2023-12-31 $-22.8M, 2024-12-31 $-15.6M, 2025-12-31 $-19.9M. Net income: 2021-12-31 $-20.7M, 2022-12-31 $-17.7M, 2023-12-31 $-23.5M, 2024-12-31 $-15.5M, 2025-12-31 $-22.4M. Free cash flow: 2021-12-31 $-11.2M, 2022-12-31 $-16M, 2023-12-31 $-15.3M, 2024-12-31 $-18.7M, 2025-12-31 $-17.4M

Growth heatmap

202220232024CAGR
Revenue
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Gross profit
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Operating income
+15.4%
-30.0%
+31.3%
-27.4%
No data
Free cash flow
-42.6%
+4.8%
-22.3%
+6.7%
No data

Earnings quality

Operating cash flow
$-17.2M+6.5% YoY
Net income
$-22.4M−44.4% YoY
Free cash flow
$-17.4M+6.7% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 77%, 2024-12-31 119%, 2023-12-31 64%, 2022-12-31 90%, 2021-12-31 50%. Free cash flow: 2025-12-31 78%, 2024-12-31 120%, 2023-12-31 65%, 2022-12-31 91%, 2021-12-31 54%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
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FCF / share
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Diluted shares
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
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Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

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Valuation

Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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