CTOR
CTOR
Citius Oncology, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $3.94M ▲ | $8.41M ▲ | $-5.53M ▼ | -140.31% ▼ | $-0.06 ▼ | $-4.65M ▲ |
| Q4-2025 | $0 | $4.71M ▼ | $-5M ▲ | 0% | $-0.06 ▲ | $-4.68M ▲ |
| Q3-2025 | $0 | $4.94M ▼ | $-5.37M ▲ | 0% | $-0.07 ▲ | $-4.94M ▲ |
| Q2-2025 | $0 | $7.47M ▲ | $-7.74M ▼ | 0% | $-0.11 ▼ | $-7.47M ▼ |
| Q1-2025 | $0 | $6.39M | $-6.66M | 0% | $-0.09 | $-6.39M |
What's going well?
The company finally began generating revenue, showing some early traction. Gross margins are high at 80%, suggesting the core product or service could be profitable if scaled.
What's concerning?
Operating expenses exploded, more than doubling revenue, and losses grew. Share dilution is hurting existing shareholders, and the company is burning cash with no sign of profitability yet.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $7.3M ▲ | $109.97M ▲ | $51.56M ▼ | $58.41M ▲ |
| Q4-2025 | $3.92M ▲ | $100.94M ▲ | $56.08M ▼ | $44.87M ▲ |
| Q3-2025 | $112 | $91.71M ▲ | $59.31M ▲ | $32.4M ▼ |
| Q2-2025 | $112 | $91.44M ▲ | $55.8M ▲ | $35.64M ▼ |
| Q1-2025 | $112 | $90.48M | $49.19M | $41.29M |
What's financially strong about this company?
The company has a solid equity base and very little debt, giving it flexibility. There are no risky intangible assets or goodwill, and most assets are tangible and straightforward.
What are the financial risks or weaknesses?
Cash is low compared to what the company owes soon, which could cause trouble if business slows. Retained earnings are deeply negative, showing a history of losses, and working capital is under pressure.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $-5.53M ▼ | $-7.35M ▼ | $-4.4M ▲ | $15.13M ▼ | $3.37M ▼ | $-7.35M ▼ |
| Q4-2025 | $-5M ▲ | $-5.53M ▼ | $-5.79M ▼ | $15.28M ▲ | $3.92M ▲ | $-5.53M ▼ |
| Q3-2025 | $-5.37M ▲ | $0 | $0 | $0 | $0 | $0 |
| Q2-2025 | $-7.74M ▼ | $0 | $0 | $0 | $0 ▲ | $0 |
| Q1-2025 | $-6.66M | $0 | $0 | $0 | $-32.63K | $0 |
What's strong about this company's cash flow?
The company is able to raise money from investors through stock sales, which keeps it operating for now. Capital spending is minimal, so cash isn't being wasted on big projects.
What are the cash flow concerns?
Cash burn is rising, and the company can't support itself from its own business. It depends entirely on selling new shares, which dilutes existing owners and may not be sustainable.
5-Year Trend Analysis
A comprehensive look at Citius Oncology, Inc.'s financial evolution and strategic trajectory over the past five years.
CTOR combines a novel oncology therapy with regulatory advantages, focused on a niche patient population where unmet need is significant and physician targets are concentrated. The company has expanded its asset base, built inventory and infrastructure for launch, and recently strengthened its cash position, demonstrating the ability to raise capital when needed. Its strategy is anchored in genuine innovation, supported by strong intellectual property and potential pipeline contributions from its parent company.
At the same time, the financial profile is high risk: no historical revenue, growing operating losses, deepening accumulated deficits, and increasingly negative free cash flow. The business remains reliant on external capital, and recent introduction of debt adds another layer of obligation. Commercially, CTOR depends heavily on a single lead product in a specialized market, faces execution risk around launch and reimbursement, and is exposed to the inherent uncertainties of clinical development and regulatory decision-making for any future indications or pipeline assets.
CTOR stands at an inflection point, shifting from a pure development story to an early commercial one centered on LYMPHIR. Over the next few years, the trajectory of sales, cost discipline, and access to capital will largely determine whether the company can move toward a more self-sustaining financial model. If commercial uptake and potential label or pipeline expansions materialize, the current investment-heavy phase could pave the way for improving margins and cash flow; if adoption is slow or additional capital becomes harder to secure, financial strain and strategic pressure could intensify. Overall, the outlook is opportunity-rich but highly contingent and carries elevated execution and financing risk.
About Citius Oncology, Inc.
https://www.citiusonc.com/overview/defau...Citius Oncology, Inc. focuses on the development of novel targeted oncology therapies. It also engages in the development of LYMPHIR, an orphan indication for the treatment of adults with relapsed or refractory cutaneous T-cell lymphoma. The company is headquartered in New York, New York. Citius Oncology, Inc. operates as a subsidiary of Citius Pharmaceuticals, Inc.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $3.94M ▲ | $8.41M ▲ | $-5.53M ▼ | -140.31% ▼ | $-0.06 ▼ | $-4.65M ▲ |
| Q4-2025 | $0 | $4.71M ▼ | $-5M ▲ | 0% | $-0.06 ▲ | $-4.68M ▲ |
| Q3-2025 | $0 | $4.94M ▼ | $-5.37M ▲ | 0% | $-0.07 ▲ | $-4.94M ▲ |
| Q2-2025 | $0 | $7.47M ▲ | $-7.74M ▼ | 0% | $-0.11 ▼ | $-7.47M ▼ |
| Q1-2025 | $0 | $6.39M | $-6.66M | 0% | $-0.09 | $-6.39M |
What's going well?
The company finally began generating revenue, showing some early traction. Gross margins are high at 80%, suggesting the core product or service could be profitable if scaled.
What's concerning?
Operating expenses exploded, more than doubling revenue, and losses grew. Share dilution is hurting existing shareholders, and the company is burning cash with no sign of profitability yet.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $7.3M ▲ | $109.97M ▲ | $51.56M ▼ | $58.41M ▲ |
| Q4-2025 | $3.92M ▲ | $100.94M ▲ | $56.08M ▼ | $44.87M ▲ |
| Q3-2025 | $112 | $91.71M ▲ | $59.31M ▲ | $32.4M ▼ |
| Q2-2025 | $112 | $91.44M ▲ | $55.8M ▲ | $35.64M ▼ |
| Q1-2025 | $112 | $90.48M | $49.19M | $41.29M |
What's financially strong about this company?
The company has a solid equity base and very little debt, giving it flexibility. There are no risky intangible assets or goodwill, and most assets are tangible and straightforward.
What are the financial risks or weaknesses?
Cash is low compared to what the company owes soon, which could cause trouble if business slows. Retained earnings are deeply negative, showing a history of losses, and working capital is under pressure.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $-5.53M ▼ | $-7.35M ▼ | $-4.4M ▲ | $15.13M ▼ | $3.37M ▼ | $-7.35M ▼ |
| Q4-2025 | $-5M ▲ | $-5.53M ▼ | $-5.79M ▼ | $15.28M ▲ | $3.92M ▲ | $-5.53M ▼ |
| Q3-2025 | $-5.37M ▲ | $0 | $0 | $0 | $0 | $0 |
| Q2-2025 | $-7.74M ▼ | $0 | $0 | $0 | $0 ▲ | $0 |
| Q1-2025 | $-6.66M | $0 | $0 | $0 | $-32.63K | $0 |
What's strong about this company's cash flow?
The company is able to raise money from investors through stock sales, which keeps it operating for now. Capital spending is minimal, so cash isn't being wasted on big projects.
What are the cash flow concerns?
Cash burn is rising, and the company can't support itself from its own business. It depends entirely on selling new shares, which dilutes existing owners and may not be sustainable.
5-Year Trend Analysis
A comprehensive look at Citius Oncology, Inc.'s financial evolution and strategic trajectory over the past five years.
CTOR combines a novel oncology therapy with regulatory advantages, focused on a niche patient population where unmet need is significant and physician targets are concentrated. The company has expanded its asset base, built inventory and infrastructure for launch, and recently strengthened its cash position, demonstrating the ability to raise capital when needed. Its strategy is anchored in genuine innovation, supported by strong intellectual property and potential pipeline contributions from its parent company.
At the same time, the financial profile is high risk: no historical revenue, growing operating losses, deepening accumulated deficits, and increasingly negative free cash flow. The business remains reliant on external capital, and recent introduction of debt adds another layer of obligation. Commercially, CTOR depends heavily on a single lead product in a specialized market, faces execution risk around launch and reimbursement, and is exposed to the inherent uncertainties of clinical development and regulatory decision-making for any future indications or pipeline assets.
CTOR stands at an inflection point, shifting from a pure development story to an early commercial one centered on LYMPHIR. Over the next few years, the trajectory of sales, cost discipline, and access to capital will largely determine whether the company can move toward a more self-sustaining financial model. If commercial uptake and potential label or pipeline expansions materialize, the current investment-heavy phase could pave the way for improving margins and cash flow; if adoption is slow or additional capital becomes harder to secure, financial strain and strategic pressure could intensify. Overall, the outlook is opportunity-rich but highly contingent and carries elevated execution and financing risk.

CEO
Leonard L. Mazur
Compensation Summary
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Rating : C
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