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Cingulate

CING
Biotechnology · Healthcare
Price
$5.55
+0.22 (+4.13%)
Market Cap
$74.8M
Exchange
NASDAQ Capital Market
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+284.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.4M (2021) → 5.4M (2025)

Winston Score History

The full picture

Cingulate Inc. is a small pharmaceutical company focused on developing medications to treat attention-deficit/hyperactivity disorder, commonly known as ADHD. Its main product candidate is Adusity (CTx-1301), a once-daily amphetamine tablet designed to work faster and last longer than many existing ADHD drugs. The company targets patients, caregivers, and prescribing doctors in the United States.

Cingulate has not yet generated meaningful revenue, as its drugs are still working through the FDA approval and commercialization process. It operates entirely in the US and is a clinical-stage company, meaning it spends money on research and development without significant sales to offset those costs. The ADHD drug market is crowded with established generic and branded competitors, which makes gaining market share difficult. The biggest risk the company faces is securing regulatory approval and then finding enough patients and doctors willing to switch to its newer, less-proven product.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+58.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$10M/ year

Flat (+3% vs prior year)

Steady R&D investment year-over-year

Insider Activity

4.8%ownership

Relatively low insider ownership

Cash Runway

~7 months

$28.4B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Cingulate has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
N/A
Data not available
Profit after running costs
Operating Margin
N/A
Data not available
Return on the money invested
ROCE
-0.1%
Weak — -0.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
0.05
Conservative — low debt load (0.05)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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