What is Check Cap's earnings per share (EPS)?

Check Cap (CHEK) reported diluted earnings per share of $0.66 for fiscal year 2025. This represents a 115.3% 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.

Check Cap Financials

CHEK

FY2025 annual

Revenue Not reported for FY2025

Net Income $4.1M YoY not available

EPS (Diluted) $0.66 +115.3% YoY

Free Cash Flow -$129K YoY not available

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Apr 27, 2026 Currency USD FYE December

This page shows Check Cap (CHEK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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 CHEK FY2025 2026-08-15

FY2025 shows accounting profit detached from cash generation as the balance sheet shrank toward a liquidity squeeze.

Positive earnings without operating support is the key disconnect: FY2025 net income was $4.1M while operating cash flow was -$46K. Because operating income remained negative and cash ended at just $2K, the reported profit appears to come from non-operating accounting effects rather than from a business that is funding itself.

The liquidity position worsened far faster than the loss profile, with the current ratio falling from 18.7x in FY2023 to 0.05x in FY2025. That change means the company moved from having ample short-term coverage to having very little room to meet near-term obligations from liquid assets.

The drop in free cash outflow to -$129K in FY2025 should be read alongside a much smaller asset base of $7.5M, not as clean evidence of a self-sustaining operating model. R&D spending still sat near $8.3M, roughly the size of total assets, which fits a business still being financed by its balance sheet rather than by customers.

Financial Health Signals

Financial health score not available

Check Cap does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

1/5

Check Cap passes 1 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 3 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality No Cash Backing

$0.01used

For every $1 of reported earnings, Check Cap used $0.01 of operating cash (-$46K OCF vs $4.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

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Earnings & Revenue

EBITDA

-$2.4M

Check Cap's EBITDA was -$2.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Net Income

$4.1M

Check Cap reported $4.1M in net income in fiscal year 2025.

EPS (Diluted)

$0.66

YoY+115.3%

Check Cap earned $0.66 per diluted share (EPS) in fiscal year 2025. This represents an increase of 115.3% from the prior year.

Revenue

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

-$129K

Check Cap recorded an outflow of $129K in free cash flow in fiscal year 2025, representing a cash shortfall after capex.

Cash & Debt

$2K

YoY-99.2%

5Y CAGR-80.8%

10Y CAGR-57.1%

Check Cap held $2K in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding

YoY+20.0%

Check Cap had 7M shares outstanding in fiscal year 2025. This represents an increase of 20.0% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Return on Equity

120.4%

Check Cap's ROE was 120.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Net Margin

Not reported for fiscal year 2025.

Capital Allocation

R&D Spending

$8.3M

Check Cap invested $8.3M in research and development in fiscal year 2025.

Capital Expenditures

$83K

Check Cap invested $83K in capex in fiscal year 2025, funding long-term assets and infrastructure.

Share Buybacks

Not reported for fiscal year 2025.

CHEK Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CHEK quarterly income statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
R&D Expenses	$8.3M	N/A	$8.3M-41.8%	$14.3M+15.6%	$12.3M+23.4%	$10.0M-4.4%	$10.5M+37.5%	$7.6M+11.4%	$6.8M+24.5%	$5.5M-5.9%	$5.8M+106.1%	$2.8M-2.1%	$2.9M
SG&A Expenses	$2.4M	N/A	$9.6M+65.7%	$5.8M+15.9%	$5.0M+26.7%	$3.9M+9.2%	$3.6M+4.4%	$3.4M+8.9%	$3.2M-11.4%	$3.6M-46.1%	$6.6M+289.1%	$1.7M+56.2%	$1.1M
Operating Income	-$2.4M	N/A	-$19.3M+3.7%	-$20.0M-15.7%	-$17.3M-24.3%	-$13.9M+1.0%	-$14.1M-27.2%	-$11.1M-10.6%	-$10.0M-10.4%	-$9.1M+27.3%	-$12.5M-174.8%	-$4.5M-14.2%	-$4.0M
Interest Expense	N/A	N/A	$13K+8.3%	$12K-7.7%	$13K+8.3%	$12K+50.0%	$8K+14.3%	$7K0.0%	$7K0.0%	$7K-85.1%	$47K+683.3%	$6K+20.0%	$5K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$1K-116.7%	$6K-25.0%	$8K	N/A	N/A	N/A
Net Income	$4.1M	N/A	-$17.6M+8.1%	-$19.1M-11.1%	-$17.2M-24.2%	-$13.8M-0.1%	-$13.8M-30.7%	-$10.6M-8.4%	-$9.8M-10.7%	-$8.8M+28.2%	-$12.3M-1914.8%	-$610K+81.9%	-$3.4M
EPS (Diluted)	$0.66+115.3%	-$4.30-43.3%	-$3.00-189.0%	$3.37	$4.14	$9.01	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q1'23	Q4'22
R&D Expenses	N/A	N/A	N/A	N/A	N/A	$4.5M	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	$1.6M	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	-$7.4M	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	-$6.9M-54.8%	-$4.4M	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	$1.18	N/A	N/A

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, Interest Expense, Income Tax.

CHEK Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CHEK quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Total Assets	$7.5M+1885.7%	$377K-98.5%	$25.0M-44.9%	$45.4M-18.4%	$55.7M+183.4%	$19.6M+108.3%	$9.4M-38.9%	$15.4M+95.2%	$7.9M-35.7%	$12.3M-19.6%	$15.3M+412.5%	$3.0M	N/A
Current Assets	$219K-17.4%	$265K-98.9%	$24.9M-41.7%	$42.6M-19.2%	$52.8M+186.4%	$18.4M+118.3%	$8.4M-43.7%	$15.0M+102.4%	$7.4M-37.7%	$11.9M-20.4%	$14.9M+1105.9%	$1.2M	N/A
Cash & Equivalents	$2K-99.2%	$265K-97.0%	$8.8M+116.2%	$4.1M-84.5%	$26.5M+243.5%	$7.7M+0.2%	$7.7M-10.3%	$8.6M+22.5%	$7.0M-39.9%	$11.6M+23.9%	$9.4M+773.7%	$1.1M-78.4%	$5.0M
Total Liabilities	$4.0M+121.6%	$1.8M+37.4%	$1.3M-67.8%	$4.1M-16.9%	$5.0M+52.4%	$3.3M+2.0%	$3.2M+32.8%	$2.4M+20.2%	$2.0M+6.0%	$1.9M-28.8%	$2.6M-30.5%	$3.8M	N/A
Current Liabilities	$4.0M+123.6%	$1.8M+36.2%	$1.3M-61.0%	$3.4M-15.7%	$4.0M+35.6%	$3.0M+6.4%	$2.8M+26.2%	$2.2M+42.2%	$1.6M+14.3%	$1.4M-34.1%	$2.1M-27.5%	$2.9M	N/A
Total Equity	$3.4M+337.0%	-$1.4M-106.1%	$23.7M-42.7%	$41.3M-18.5%	$50.7M+209.5%	$16.4M+162.7%	$6.2M-52.2%	$13.0M+120.7%	$5.9M-43.3%	$10.4M-17.7%	$12.6M+1631.2%	-$826K-56.4%	-$528K
Retained Earnings	-$165.9M+2.4%	-$170.0M-17.4%	-$144.9M-13.8%	-$127.3M-17.7%	-$108.2M-18.9%	-$91.0M-17.9%	-$77.1M-21.9%	-$63.3M-20.1%	-$52.7M-22.8%	-$42.9M-25.9%	-$34.1M-56.3%	-$21.8M	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q1'23	Q4'22
Total Assets	$7.5M+29.9%	$5.8M+1428.9%	$377K-97.9%	$18.1M-27.7%	$25.0M-25.8%	$33.7M	N/A	$45.4M
Current Assets	$219K-84.5%	$1.4M+434.3%	$265K-98.5%	$18.0M-27.8%	$24.9M-25.3%	$33.3M	N/A	$42.6M
Cash & Equivalents	$2K-99.8%	$1.2M+335.8%	$265K-98.5%	$17.8M+101.5%	$8.8M+292.4%	$2.3M	N/A	$4.1M
Total Liabilities	$4.0M+102.3%	$2.0M+9.5%	$1.8M+100.1%	$913K-31.4%	$1.3M-62.4%	$3.5M	N/A	$4.1M
Current Liabilities	$4.0M+104.0%	$2.0M+9.6%	$1.8M+98.4%	$913K-31.4%	$1.3M-62.4%	$3.5M	N/A	$3.4M
Total Equity	$3.4M-8.7%	$3.8M+359.5%	-$1.4M-108.4%	$17.2M-27.5%	$23.7M-21.5%	$30.2M-18.5%	$37.0M-10.4%	$41.3M
Retained Earnings	-$165.9M-0.7%	-$164.8M+3.1%	-$170.0M-12.5%	-$151.2M-4.4%	-$144.9M-4.5%	-$138.6M	N/A	-$127.3M

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

CHEK Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CHEK quarterly cash flow statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Operating Cash Flow	-$46K	N/A	-$17.0M+9.4%	-$18.7M-15.0%	-$16.3M-24.0%	-$13.1M-2.1%	-$12.8M-27.0%	-$10.1M-12.6%	-$9.0M-13.4%	-$7.9M+8.2%	-$8.6M-123.8%	-$3.9M-28.1%	-$3.0M
Capital Expenditures	$83K	N/A	$83K-82.9%	$486K-51.7%	$1.0M+165.4%	$379K+126.9%	$167K+77.7%	$94K-59.3%	$231K+39.2%	$166K-38.5%	$270K+487.0%	$46K+2.2%	$45K
Free Cash Flow	-$129K	N/A	-$17.0M+11.2%	-$19.2M-11.1%	-$17.3M-28.0%	-$13.5M-3.7%	-$13.0M-27.4%	-$10.2M-10.8%	-$9.2M-13.9%	-$8.1M+9.1%	-$8.9M-128.1%	-$3.9M-27.7%	-$3.1M
Investing Cash Flow	$48K+105.7%	-$840K-103.9%	$21.4M+270.7%	-$12.5M+21.9%	-$16.0M-53.2%	-$10.5M-291.9%	$5.4M+195.1%	-$5.7M-2377.5%	-$231K-105.0%	$4.6M+191.6%	-$5.1M	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	$8.8M-82.7%	$51.0M+116.4%	$23.6M+262.2%	$6.5M-63.3%	$17.8M+288.2%	$4.6M-15.7%	$5.4M-75.4%	$22.0M	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q1'23	Q4'22

Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

CHEK Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

CHEK quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Return on Equity	120.4%	N/A	-74.2%-27.9pp	-46.3%-12.3pp	-33.9%+50.6pp	-84.5%+137.4pp	-221.9%-140.7pp	-81.3%+84.2pp	-165.5%-80.7pp	-84.8%+12.4pp	-97.2%	N/A	N/A
Return on Assets	55.3%	N/A	-70.2%-28.2pp	-42.0%-11.1pp	-30.9%+39.6pp	-70.5%+76.2pp	-146.7%-78.1pp	-68.6%+55.0pp	-123.6%-51.8pp	-71.8%+8.6pp	-80.3%-59.9pp	-20.4%	N/A
Current Ratio	0.05-0.1x	0.15-18.5x	18.69+6.2x	12.51-0.5x	13.05+6.9x	6.18+3.2x	3.01-3.7x	6.75+2.0x	4.74-4.0x	8.69+1.5x	7.20+6.8x	0.43	N/A
Debt-to-Equity	1.18	N/A	0.060.0x	0.100.0x	0.10-0.1x	0.20-0.3x	0.51+0.3x	0.18-0.2x	0.34+0.2x	0.180.0x	0.21	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q1'23	Q4'22
Return on Equity	N/A	N/A	N/A	N/A	N/A	-22.8%-10.8pp	-12.0%	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	-20.4%	N/A	N/A
Current Ratio	0.05-0.7x	0.71+0.6x	0.15-19.5x	19.66+1.0x	18.69+9.3x	9.41	N/A	12.51
Debt-to-Equity	1.18+0.6x	0.53	N/A	0.050.0x	0.06-0.1x	0.12	N/A	0.10

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.

Note: The current ratio is below 1.0 (0.05), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Check Cap Ranks

Frequently Asked Questions

Is Check Cap profitable?

Yes, Check Cap (CHEK) reported a net income of $4.1M in fiscal year 2025.

What is Check Cap's EBITDA?

Check Cap (CHEK) had EBITDA of -$2.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Check Cap's return on equity (ROE)?

Check Cap (CHEK) has a return on equity of 120.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Check Cap's free cash flow?

Check Cap (CHEK) recorded an outflow of $129K in free cash flow during fiscal year 2025. 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 Check Cap's operating cash flow?

Check Cap (CHEK) recorded an outflow of $46K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Check Cap's total assets?

Check Cap (CHEK) had $7.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Check Cap's capital expenditures?

Check Cap (CHEK) invested $83K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Check Cap spend on research and development?

Check Cap (CHEK) invested $8.3M in research and development during fiscal year 2025.

How many shares does Check Cap have outstanding?

Check Cap (CHEK) had 7M shares outstanding as of fiscal year 2025.

What is Check Cap's current ratio?

Check Cap (CHEK) had a current ratio of 0.05 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Check Cap's debt-to-equity ratio?

Check Cap (CHEK) had a debt-to-equity ratio of 1.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Check Cap's return on assets (ROA)?

Check Cap (CHEK) had a return on assets of 55.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Check Cap's Piotroski F-Score?

Check Cap (CHEK) has a Piotroski F-Score of 1 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Check Cap's earnings high quality?

For every $1 of reported earnings, Check Cap (CHEK) used $0.01 of operating cash (-$46K OCF vs $4.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.