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CDT Equity Inc, Financials

CDTTW
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows CDT Equity Inc, (CDTTW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).

Rhea AI CDTTW FY2025

External financing is carrying the business as development spending outpaces cash generation and leaves liquidity pressure concentrated in the near term.

In FY2025, $17.4M of financing cash was nearly matched by -$15.6M of operating cash flow. After investing outflows, year-end cash was still only $1.5M, showing outside capital is being used to fund the burn rather than build a liquidity reserve.

The balance sheet shifted from short-term flexibility to short-term strain: current ratio fell from 3.2x in FY2023 to 0.3x in FY2025. Because FY2025 current liabilities matched total liabilities at $12.8M, the pressure sits in obligations due within a year rather than in long-dated borrowings.

The spending mix looks increasingly development-heavy: R&D rose from $90K in FY2023 to $5.1M in FY2025. With equity still negative at -$7.2M, that investment pace is being supported by capital raising instead of internally generated resources.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating CDT Equity Inc,'s peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Key Financial Metrics

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
N/A
EPS (Diluted)
$-1177.89

CDT Equity Inc, earned $-1177.89 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$1.5M
YoY+172.4%

CDT Equity Inc, held $1.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
92,140

CDT Equity Inc, had 92,140 shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
$5.1M
YoY+49.6%

CDT Equity Inc, invested $5.1M in research and development in fiscal year 2025. This represents an increase of 49.6% from the prior year.

Share Buybacks
$106K

CDT Equity Inc, spent $106K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
N/A

CDTTW Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses $778K N/A $1.5M-17.6% $1.9M+103.1% $916K N/A $3.1M+12272.0% $25K
SG&A Expenses $2.9M N/A $5.5M+77.9% $3.1M+14.5% $2.7M N/A $2.7M-12.7% $3.1M
Operating Income -$3.7M N/A -$7.0M-42.0% -$5.0M-36.9% -$3.6M N/A -$5.8M-85.1% -$3.1M
Interest Expense N/A N/A $100K0.0% $100K0.0% $100K N/A $49K+22.5% $40K
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income -$4.1M N/A -$7.1M-18.1% -$6.0M-26.8% -$4.8M N/A -$6.5M-20.0% -$5.4M
EPS (Diluted) $-5.56 N/A $-13.16-141.0% $-5.46+99.9% $-3670.27 N/A $-889.58-713.7% $-109.33

CDTTW Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $127.1M+2149.3% $5.7M-33.9% $8.6M+7.0% $8.0M+3.6% $7.7M+84.0% $4.2M+40.1% $3.0M-9.4% $3.3M
Current Assets $3.1M-30.3% $4.4M-38.3% $7.1M+11.1% $6.4M+7.3% $5.9M+119.1% $2.7M+94.3% $1.4M-12.7% $1.6M
Cash & Equivalents $97K-93.6% $1.5M-60.7% $3.8M+15.2% $3.3M+56.4% $2.1M+284.5% $554K+680.3% $71K-67.6% $219K
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $21.6M+68.8% $12.8M+200.0% $4.3M-4.2% $4.5M-3.8% $4.6M-57.8% $11.0M-9.3% $12.1M+38.1% $8.8M
Current Liabilities $21.6M+68.8% $12.8M+200.6% $4.3M-3.4% $4.4M-3.0% $4.5M-57.7% $10.7M-10.3% $12.0M+39.4% $8.6M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $105.5M+1570.7% -$7.2M-267.6% $4.3M+21.2% $3.5M+14.6% $3.1M+145.3% -$6.8M+25.5% -$9.1M-66.9% -$5.5M
Retained Earnings -$72.4M-5.9% -$68.3M-45.4% -$47.0M-17.8% -$39.9M-17.8% -$33.9M-16.3% -$29.1M-9.0% -$26.7M-31.9% -$20.2M

CDTTW Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$1.9M+59.1% -$4.6M-5.1% -$4.4M-70.9% -$2.6M+34.3% -$3.9M-3.0% -$3.8M-90.7% -$2.0M-32.1% -$1.5M
Capital Expenditures N/A N/A -$7K-800.0% $1K-99.8% $404K $0-100.0% $41K N/A
Free Cash Flow N/A N/A -$4.4M-71.1% -$2.6M+40.4% -$4.3M-13.6% -$3.8M-86.9% -$2.0M N/A
Investing Cash Flow N/A $595K+159.6% -$998K-99700.0% -$1K+99.8% -$404K-575.3% $85K-11.5% $96K N/A
Financing Cash Flow $487K-72.0% $1.7M-71.0% $6.0M+59.6% $3.8M-36.6% $5.9M+40.8% $4.2M+141.4% $1.7M N/A
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

CDTTW Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity -3.9% N/A -166.4%+4.4pp -170.8%-16.5pp -154.3% N/A N/A N/A
Return on Assets -3.2% N/A -83.2%-7.8pp -75.4%-13.8pp -61.6% N/A -215.9%-53.0pp -162.9%
Current Ratio 0.14-0.2 0.34-1.3 1.66+0.2 1.45+0.1 1.31+1.1 0.25+0.1 0.12-0.1 0.19
Debt-to-Equity 0.21+2.0 -1.79-2.8 1.00-0.3 1.26-0.2 1.50+3.1 -1.62-0.3 -1.33+0.3 -1.61
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$7.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.34), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

CDT Equity Inc, (CDTTW) reported diluted earnings per share of $-1177.89 for fiscal year 2025. 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.

CDT Equity Inc, (CDTTW) generated -$15.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

CDT Equity Inc, (CDTTW) had $5.7M in total assets as of fiscal year 2025, including both current and long-term assets.

CDT Equity Inc, (CDTTW) invested $5.1M in research and development during fiscal year 2025.

Yes, CDT Equity Inc, (CDTTW) spent $106K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

CDT Equity Inc, (CDTTW) had 92,140 shares outstanding as of fiscal year 2025.

CDT Equity Inc, (CDTTW) had a current ratio of 0.34 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

CDT Equity Inc, (CDTTW) had a debt-to-equity ratio of -1.79 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Based on fiscal year 2025 data, CDT Equity Inc, (CDTTW) had $1.5M in cash against an annual operating cash burn of $15.6M. This gives an estimated cash runway of approximately 1 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.

CDT Equity Inc, (CDTTW) has negative shareholder equity of -$7.2M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

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