CIBUS INC Financials

CBUS

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows CIBUS INC (CBUS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 43/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

CIBUS INC has an operating margin of -6062.8%, meaning the company retains $-6063 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -17550.0% the prior year.

Growth

100

CIBUS INC's revenue surged 134.6% year-over-year to $4.3M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

CIBUS INC carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

CIBUS INC's current ratio of 0.85 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 14/100, which could limit financial flexibility.

Cash Flow

While CIBUS INC generated -$58.0M in operating cash flow, capex of $808K consumed most of it, leaving -$58.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

CIBUS INC passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.23x

For every $1 of reported earnings, CIBUS INC generates $0.23 in operating cash flow (-$58.0M OCF vs -$251.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$4.3M

YoY+134.6%

5Y CAGR-10.2%

CIBUS INC generated $4.3M in revenue in fiscal year 2024. This represents an increase of 134.6% from the prior year.

EBITDA

-$251.5M

YoY+19.9%

CIBUS INC's EBITDA was -$251.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.9% from the prior year.

Free Cash Flow

-$58.9M

YoY-16.5%

CIBUS INC generated -$58.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 16.5% from the prior year.

Net Income

-$251.4M

YoY+6.1%

CIBUS INC reported -$251.4M in net income in fiscal year 2024. This represents an increase of 6.1% from the prior year.

EPS (Diluted)

$-10.83

YoY+58.3%

CIBUS INC earned $-10.83 per diluted share (EPS) in fiscal year 2024. This represents an increase of 58.3% from the prior year.

Cash & Debt

$14.4M

YoY-55.9%

5Y CAGR-24.4%

CIBUS INC held $14.4M in cash against $226K in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

30M

YoY+25.1%

5Y CAGR-2.1%

CIBUS INC had 30M shares outstanding in fiscal year 2024. This represents an increase of 25.1% from the prior year.

Gross Margin

N/A

Operating Margin

-6062.8%

YoY+11487.2pp

5Y CAGR-5519.0pp

CIBUS INC's operating margin was -6062.8% in fiscal year 2024, reflecting core business profitability. This is up 11487.2 percentage points from the prior year.

Net Margin

-5898.4%

YoY+8830.7pp

5Y CAGR-5355.4pp

CIBUS INC's net profit margin was -5898.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 8830.7 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$50.4M

YoY+19.0%

5Y CAGR+32.8%

CIBUS INC invested $50.4M in research and development in fiscal year 2024. This represents an increase of 19.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$808K

YoY-81.3%

5Y CAGR-22.9%

CIBUS INC invested $808K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 81.3% from the prior year.

CBUS Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$4.3M+134.6%	$1.8M+1057.3%	$157K-99.4%	$26.0M+9.0%	$23.9M+226.9%	$7.3M
Cost of Revenue	N/A	N/A	$0-100.0%	$28.6M-18.7%	$35.1M+278.5%	$9.3M
Gross Profit	N/A	N/A	$157K+106.1%	-$2.6M+77.2%	-$11.3M-468.3%	-$2.0M
R&D Expenses	$50.4M+19.0%	$42.4M+266.7%	$11.6M+1.9%	$11.3M+2.3%	$11.1M-9.3%	$12.2M
SG&A Expenses	$30.8M+6.5%	$28.9M+163.5%	$11.0M	N/A	$16.2M-14.8%	$19.0M
Operating Income	-$258.4M+19.0%	-$318.9M-1325.5%	-$22.4M+23.7%	-$29.3M+33.1%	-$43.8M-10.5%	-$39.7M
Interest Expense	N/A	N/A	$75K-94.8%	$1.4M-0.3%	$1.4M-3.7%	$1.5M
Income Tax	$29K+825.0%	-$4K	$0	$0	$0	$0
Net Income	-$251.4M+6.1%	-$267.6M-1484.4%	-$16.9M+42.2%	-$29.2M+34.9%	-$44.8M-13.2%	-$39.6M
EPS (Diluted)	$-10.83+58.3%	$-25.95-41.3%	$-18.36-2253.8%	$-0.78+40.9%	$-1.32	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$615K-34.1%	$933K-9.8%	$1.0M-14.7%	$1.2M-27.3%	$1.7M+98.9%	$838K+53.8%	$545K-50.6%	$1.1M
Cost of Revenue	N/A	N/A	N/A	$5.4M+53.5%	$3.5M+1064.4%	$303K+791.2%	$34K	N/A
Gross Profit	N/A	N/A	N/A	-$1.7M-194.3%	-$561K-634.3%	$105K-14.6%	$123K	N/A
R&D Expenses	$10.8M-11.8%	$12.2M+3.6%	$11.8M-5.1%	$12.4M-4.3%	$13.0M0.0%	$13.0M+8.2%	$12.0M-15.4%	$14.2M
SG&A Expenses	$5.3M-20.8%	$6.7M-32.5%	$9.9M+44.9%	$6.8M-11.4%	$7.7M-17.6%	$9.3M+33.5%	$7.0M+2.9%	$6.8M
Operating Income	-$15.4M+14.0%	-$17.9M+56.8%	-$41.6M-130.6%	-$18.0M+91.0%	-$200.4M-833.0%	-$21.5M-16.4%	-$18.5M+93.1%	-$269.3M
Interest Expense	N/A	N/A	N/A	N/A	$374K+1.1%	$370K0.0%	$370K	N/A
Income Tax	-$6K-122.2%	$27K+1250.0%	$2K-66.7%	$6K-53.8%	$13K+425.0%	-$4K-128.6%	$14K+450.0%	-$4K
Net Income	-$23.5M+7.2%	-$25.4M+45.9%	-$46.9M-103.0%	-$23.1M+87.2%	-$180.0M-623.3%	-$24.9M-6.2%	-$23.4M+89.2%	-$217.1M
EPS (Diluted)	$-0.44+27.9%	$-0.61+54.5%	$-1.34	N/A	$-7.63-569.3%	$-1.14-1.8%	$-1.12	N/A

CBUS Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$350.1M-35.7%	$544.4M+2328.1%	$22.4M-39.7%	$37.2M-41.3%	$63.3M-28.1%	$88.1M
Current Assets	$16.9M-51.9%	$35.2M+752.4%	$4.1M-72.8%	$15.2M-61.7%	$39.6M-37.7%	$63.5M
Cash & Equivalents	$14.4M-55.9%	$32.7M+854.2%	$3.4M-75.2%	$13.8M-20.1%	$17.3M-70.5%	$58.6M
Inventory	N/A	N/A	N/A	$0-100.0%	$1.4M-46.7%	$2.6M
Accounts Receivable	$1.0M+96.4%	$530K	$0	$0-100.0%	$4.9M+335.6%	$1.1M
Goodwill	$253.5M-41.7%	$434.9M	$0	N/A	N/A	N/A
Total Liabilities	$252.2M+22.4%	$206.1M+1257.1%	$15.2M-34.1%	$23.1M-12.8%	$26.5M+3.4%	$25.6M
Current Liabilities	$19.9M-6.8%	$21.3M+1183.0%	$1.7M-65.8%	$4.9M-30.1%	$6.9M-3.5%	$7.2M
Long-Term Debt	$226K-57.8%	$536K	$0	$0-100.0%	$1.5M	N/A
Total Equity	$92.2M-68.6%	$293.5M+3957.4%	$7.2M-48.8%	$14.1M-61.7%	$36.9M-41.0%	$62.5M
Retained Earnings	-$731.2M-52.4%	-$479.8M-126.1%	-$212.2M-8.2%	-$196.1M-17.5%	-$166.9M-36.7%	-$122.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$330.2M-4.6%	$346.2M+3.3%	$335.0M-4.3%	$350.1M-4.8%	$367.9M-33.5%	$553.4M+3.8%	$533.0M-2.1%	$544.4M
Current Assets	$26.2M-34.1%	$39.8M+53.9%	$25.9M+52.7%	$16.9M-46.3%	$31.6M-4.6%	$33.1M+23.9%	$26.7M-24.1%	$35.2M
Cash & Equivalents	$23.9M-34.5%	$36.5M+54.6%	$23.6M+63.4%	$14.4M-49.9%	$28.8M-4.1%	$30.0M+22.5%	$24.5M-25.1%	$32.7M
Inventory	N/A	N/A	N/A	$2.6M+9.4%	$2.4M+2036.0%	$111K-70.7%	$379K	N/A
Accounts Receivable	$604K-36.6%	$953K+0.3%	$950K-8.7%	$1.0M-12.5%	$1.2M+12.5%	$1.1M+62.8%	$650K+22.6%	$530K
Goodwill	$232.5M0.0%	$232.5M0.0%	$232.5M-8.3%	$253.5M0.0%	$253.5M-41.7%	$434.9M0.0%	$434.9M0.0%	$434.9M
Total Liabilities	$278.2M+2.4%	$271.7M+4.1%	$261.1M+3.5%	$252.2M+2.1%	$247.0M+0.3%	$246.3M+15.5%	$213.2M+3.4%	$206.1M
Current Liabilities	$20.6M-8.3%	$22.4M+6.7%	$21.0M+5.7%	$19.9M-9.3%	$21.9M-24.3%	$29.0M+33.4%	$21.7M+1.9%	$21.3M
Long-Term Debt	$116K-17.1%	$140K-22.2%	$180K-20.4%	$226K-22.3%	$291K-20.3%	$365K-17.2%	$441K-17.7%	$536K
Total Equity	$50.4M-30.1%	$72.1M+2.6%	$70.3M-23.7%	$92.2M-14.8%	$108.1M-60.0%	$270.5M-2.8%	$278.2M-5.2%	$293.5M
Retained Earnings	-$827.0M-2.9%	-$803.4M-3.3%	-$778.1M-6.4%	-$731.2M-3.3%	-$708.1M-34.1%	-$528.1M-4.9%	-$503.2M-4.9%	-$479.8M

CBUS Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$58.0M-25.6%	-$46.2M-138.6%	-$19.4M-2.9%	-$18.8M+56.9%	-$43.7M-36.7%	-$32.0M
Capital Expenditures	$808K-81.3%	$4.3M+184.3%	$1.5M+205.8%	$497K-72.2%	$1.8M-39.8%	$3.0M
Free Cash Flow	-$58.9M-16.5%	-$50.5M-142.0%	-$20.9M-8.2%	-$19.3M+57.5%	-$45.5M-30.2%	-$34.9M
Investing Cash Flow	-$808K-101.5%	$55.1M+3722.4%	-$1.5M-113.6%	$11.2M+183.1%	-$13.5M-354.2%	-$3.0M
Financing Cash Flow	$40.6M+99.8%	$20.3M+103.4%	$10.0M+166.9%	$3.7M-75.7%	$15.4M+4768.8%	-$330K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$800K

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$11.7M+13.7%	-$13.6M-15.0%	-$11.8M+15.5%	-$14.0M-3.5%	-$13.5M+20.7%	-$17.0M-26.5%	-$13.5M+20.8%	-$17.0M
Capital Expenditures	$108K+16.1%	$93K-68.0%	$291K+419.6%	$56K-84.2%	$355K+110.1%	$169K-25.9%	$228K-49.2%	$449K
Free Cash Flow	-$11.8M+13.5%	-$13.7M-13.0%	-$12.1M+13.8%	-$14.1M-1.3%	-$13.9M+19.4%	-$17.2M-25.6%	-$13.7M+21.5%	-$17.5M
Investing Cash Flow	-$108K-16.1%	-$93K+68.0%	-$291K-419.6%	-$56K+84.2%	-$355K-110.1%	-$169K+25.9%	-$228K+49.2%	-$449K
Financing Cash Flow	-$725K-102.7%	$26.6M+24.9%	$21.3M+7050.7%	-$306K-102.4%	$12.7M-44.3%	$22.7M+311.9%	$5.5M-69.8%	$18.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CBUS Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	100.0%+109.9pp	-9.9%+37.4pp	-47.3%-20.1pp	-27.2%
Operating Margin	-6062.8%+11487.2pp	-17550.0%-3301.6pp	-14248.4%-14135.5pp	-112.9%+70.9pp	-183.8%+360.0pp	-543.8%
Net Margin	-5898.4%+8830.7pp	-14729.1%-3970.5pp	-10758.6%-10646.2pp	-112.4%+75.6pp	-188.0%+354.9pp	-542.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-71.8%-22.6pp	-49.2%+26.2pp	-75.3%+3.2pp	-78.5%-7.7pp	-70.8%-25.8pp	-45.0%
Current Ratio	0.85-0.8	1.65-0.8	2.49-0.6	3.13-2.6	5.70-3.1	8.83
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.00-0.0	0.04-0.4	0.41
FCF Margin	-1380.8%+1400.2pp	-2781.0%+10520.9pp	-13301.9%-13227.6pp	-74.3%+116.3pp	-190.6%+288.0pp	-478.6%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	-43.9%-24.9pp	-18.9%-44.6pp	25.7%-52.6pp	78.3%	N/A
Operating Margin	-2510.2%-586.8pp	-1923.5%+2096.9pp	-4020.4%-2533.3pp	-1487.1%+10536.7pp	-12023.8%-9460.3pp	-2563.5%+822.4pp	-3385.9%+21030.5pp	-24416.3%
Net Margin	-3827.8%-1108.4pp	-2719.4%+1815.0pp	-4534.4%-2628.3pp	-1906.1%+8889.8pp	-10795.9%-7826.6pp	-2969.3%+1330.7pp	-4300.0%+15383.9pp	-19683.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-7.1%+0.2pp	-7.3%+6.7pp	-14.0%-7.4pp	-6.6%+42.3pp	-48.9%-44.4pp	-4.5%-0.1pp	-4.4%+35.5pp	-39.9%
Current Ratio	1.28-0.5	1.78+0.5	1.23+0.4	0.85-0.6	1.44+0.3	1.14-0.1	1.23-0.4	1.65
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.00
FCF Margin	-1926.5%-458.4pp	-1468.1%-296.1pp	-1172.0%-12.6pp	-1159.3%-327.0pp	-832.3%+1222.2pp	-2054.5%+460.7pp	-2515.2%-931.7pp	-1583.5%

Note: The current ratio is below 1.0 (0.85), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is CIBUS INC's annual revenue?

CIBUS INC (CBUS) reported $4.3M in total revenue for fiscal year 2024. This represents a 134.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is CIBUS INC's revenue growing?

CIBUS INC (CBUS) revenue grew by 134.6% year-over-year, from $1.8M to $4.3M in fiscal year 2024.

Is CIBUS INC profitable?

No, CIBUS INC (CBUS) reported a net income of -$251.4M in fiscal year 2024, with a net profit margin of -5898.4%.

What is CIBUS INC's earnings per share (EPS)?

CIBUS INC (CBUS) reported diluted earnings per share of $-10.83 for fiscal year 2024. This represents a 58.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is CIBUS INC's EBITDA?

CIBUS INC (CBUS) had EBITDA of -$251.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does CIBUS INC have?

As of fiscal year 2024, CIBUS INC (CBUS) had $14.4M in cash and equivalents against $226K in long-term debt.

What is CIBUS INC's operating margin?

CIBUS INC (CBUS) had an operating margin of -6062.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is CIBUS INC's net profit margin?

CIBUS INC (CBUS) had a net profit margin of -5898.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is CIBUS INC's free cash flow?

CIBUS INC (CBUS) generated -$58.9M in free cash flow during fiscal year 2024. This represents a -16.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is CIBUS INC's operating cash flow?

CIBUS INC (CBUS) generated -$58.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are CIBUS INC's total assets?

CIBUS INC (CBUS) had $350.1M in total assets as of fiscal year 2024, including both current and long-term assets.

What are CIBUS INC's capital expenditures?

CIBUS INC (CBUS) invested $808K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does CIBUS INC spend on research and development?

CIBUS INC (CBUS) invested $50.4M in research and development during fiscal year 2024.

How many shares does CIBUS INC have outstanding?

CIBUS INC (CBUS) had 30M shares outstanding as of fiscal year 2024.

What is CIBUS INC's current ratio?

CIBUS INC (CBUS) had a current ratio of 0.85 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is CIBUS INC's debt-to-equity ratio?

CIBUS INC (CBUS) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is CIBUS INC's return on assets (ROA)?

CIBUS INC (CBUS) had a return on assets of -71.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is CIBUS INC's cash runway?

Based on fiscal year 2024 data, CIBUS INC (CBUS) had $14.4M in cash against an annual operating cash burn of $58.0M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is CIBUS INC's Piotroski F-Score?

CIBUS INC (CBUS) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are CIBUS INC's earnings high quality?

CIBUS INC (CBUS) has an earnings quality ratio of 0.23x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is CIBUS INC?

CIBUS INC (CBUS) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.