your badges 52W Range $36–$81 70% of range Analyst Rating BUY 21 analysts Price Target $91 +35% upside P/E -25.0 ROE -26.4% Net Profit Margin -3602.7%

CGON Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $67.38
Market Cap (MRQ) $5.95B
P/E (TTM) -25.0
EPS (TTM) $-2.70
Revenue (TTM) $6M
ROE (TTM) -26.4%
Debt/Equity (MRQ) 0.0
52W Range $36–$81

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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$4M
2023-12-31 → 2025-12-31
EPS$-2.08
2023-12-31 → 2025-12-31
Free Cash Flow$-132M
2024-12-31 → 2025-12-31
Net margin-3602.7%
2024-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend CGON 5Y avg Peer Median Verdict
P/E (TTM) -25.0 · · ·
P/S (TTM) 955.4 · 67.1 Overvalued
P/B (MRQ) 5.8 · 10.5 Undervalued
EV / EBITDA (TTM) -19.7 · · ·
Price / FCF (TTM) -33.2 · · ·
Price / Cash Flow (TTM) -33.3 · · ·
EV / Revenue (TTM) 790.8 · · ·
EV / FCF (TTM) -27.5 · · ·
Price / Tangible Book (MRQ) 5.8 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -10.8%
Next Report Nov 12, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 7, 2026 $-0.90 $-0.68 -32.8%
March 31, 2026 May 11, 2026 $-0.71 $-0.58 -23.0%
Dec. 31, 2025 $-0.53 $-0.63 15.4%
Sept. 30, 2025 $-0.57 $-0.57 0.21%
June 30, 2025 $-0.54 $-0.47 -15.3%
March 31, 2025 $-0.45 $-0.41 -9.4%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 14
Metric Trend 202520242023
Revenue $4M$1M$204.0K
R&D Expense $117M$82M$46M
SG&A Expense $74M$34M$10M
Operating Expenses ·$116M$56M
Operating Income $-191M$-115M$-55M
Interest Income $30M$27M$7M
Other Non-op $-152.0K$3.0K$-62.0K
Income Tax $-270.0K$1.0K$1.0K
Net Income $-161M$-88M$-49M
EPS (Basic) $-2.08$-1.41$-15.65
EPS (Diluted) $-2.08$-1.41$-15.65
Shares (Basic) 77,303,44062,496,7254,330,933
Shares (Diluted) 77,303,44062,496,7254,330,933
EBITDA $-189M$-115M·
Balance Sheet 25
Metric Trend 202520242023
Cash & Equivalents $32M$257M$8M
Short-term Investments $710M$485M$179M
Receivables $688.0K$0·
Inventory $2M$0·
Prepaid Expense $15M$12M$6M
Current Assets $759M$754M$194M
PP&E (Net) $16M$272.0K$69.0K
PP&E (Gross) $17M$359.0K·
Accum. Depreciation $1M$87.0K·
Goodwill $10M$0·
Intangibles $575.0K$0·
Other Non-current Assets $2M$94.0K$19.0K
Total Assets $792M$755M$199M
Accounts Payable $6M$7M$3M
Current Liabilities $31M$21M$14M
Capital Leases $3M$52.0K$244.0K
Other Non-current Liabilities $2M$0·
Total Liabilities $39M$21M$15M
Total Debt $3M··
Common Stock $8.0K$8.0K·
Paid-in Capital $1.13B$951M$7M
Retained Earnings $-379M$-218M$-130M
Stockholders' Equity $753M$733M$-123M
Liabilities + Equity $792M$755M$199M
Shares Outstanding 80,689,12876,154,7835,222,283
Cash Flow 13
Metric Trend 202520242023
D&A $1M$32.0K$17.0K
Stock-based Comp $27M$11M$2M
Deferred Tax $-278.0K··
Other Non-cash $806.0K$-2M·
Operating Cash Flow $-132M$-79M$-46M
CapEx $134.0K$234.0K·
Investing Cash Flow $-246M$-301M$-121M
Stock Issued $147M$223M·
Net Stock Activity $147M$223M·
Financing Cash Flow $154M$628M$87M
Net Change in Cash $-225M$249M$-80M
Taxes Paid $16.0K··
Free Cash Flow $-132M$-79M·
Profitability 5
Metric Trend 202520242023
Operating Margin -4722.1%-10067.2%·
Net Margin -3985.0%-7729.5%·
EBITDA Margin -4686.4%-10064.4%·
ROA -20.8%-18.4%·
ROE -22.6%-13.9%·
Liquidity & Solvency 4
Metric Trend 202520242023
Current Ratio 24.635.3·
Quick Ratio 24.134.7·
Debt / Equity 0.0··
LT Debt / Equity 0.0··
Efficiency 2
Metric Trend 202520242023
Asset Turnover 0.00.0·
Receivables Turnover 11.7··
Per Share 5
Metric Trend 202520242023
Book Value / Share $9.33$9.63·
Revenue / Share $0.05$0.02·
Cash Flow / Share $-1.71$-1.26·
Cash / Share $0.40$3.38·
EPS (TTM) $-2.08$-1.41$-15.65
Growth Rates 1
Metric Trend 202520242023
Revenue YoY 254.7%458.3%·
Valuation (TTM) 14
Metric Trend 202520242023
Revenue TTM $4M$1M$204.0K
Net Income TTM $-161M$-88M$-49M
Market Cap $3.35B$2.18B·
Enterprise Value $2.61B··
P/E -20.0-20.3·
P/S 829.31917.6·
P/B 4.53.0·
P / Tangible Book 4.53.0·
P / Cash Flow -25.3-27.7·
P / FCF -25.3-27.7·
EV / EBITDA -13.8··
EV / FCF -19.7··
EV / Revenue 646.3··
Earnings Yield -5.0%-4.9%·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-31
Revenue $4M $1M $204.0K
Operating Margin % -4722.1% -10067.2% ·
Net Income $-161M $-88M $-49M
Diluted EPS $-2.08 $-1.41 $-15.65

Institutional owners (13F) 248 filers · $6.5B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 248
Value held $6.5B
New positions 39
Exited positions 36
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
39 (-32 vs prior Q) 36 (+15 vs prior Q) 98 (+19 vs prior Q) 69 (+4 vs prior Q) +6.8M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
RTW INVESTMENTS, LP $604,961,620 8,514,590 9.33% Shares
Decheng Capital LLC $452,707,083 6,371,669 6.98% Shares
BlackRock, Inc. $444,509,264 6,256,288 6.85% Shares
WELLINGTON MANAGEMENT GROUP LLP $378,323,559 5,324,751 5.83% Shares
FMR LLC $295,674,077 4,161,493 4.56% Shares
VANGUARD GROUP INC $271,519,293 6,539,482 4.19% Shares
TCG Crossover Management, LLC $260,768,136 3,670,206 4.02% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $246,202,247 3,465,197 3.80% Shares
STATE STREET CORP $244,240,770 3,437,590 3.77% Shares
VANGUARD CAPITAL MANAGEMENT LLC $235,658,143 3,316,793 3.63% Shares
Foresite Capital Management VI LLC $168,358,233 2,369,574 2.60% Shares
GEODE CAPITAL MANAGEMENT, LLC $153,018,831 2,153,277 2.36% Shares
Seven Fleet Capital Management LP $134,017,068 1,886,236 2.07% Shares
Caption Management, LLC $126,412,160 1,779,200 1.95% Call option
EcoR1 Capital, LLC $106,170,015 1,494,300 1.64% Shares
DV Trading LLC $102,268,873 1,439,393 1.58% Shares
Avidity Partners Management LP $99,395,255 1,398,948 1.53% Shares
FRANKLIN RESOURCES INC $93,280,138 1,312,880 1.44% Shares
ALLIANCEBERNSTEIN L.P. $93,002,404 1,374,149 1.43% Shares
Caption Management, LLC $84,918,960 1,195,200 1.31% Put option
MORGAN STANLEY $83,633,662 1,177,109 1.29% Shares
ACORN CAPITAL ADVISORS, LLC $80,393,115 1,131,500 1.24% Shares
Foresite Capital Management V, LLC $76,666,503 1,079,050 1.18% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $72,076,900 1,064,966 1.11% Shares
Logos Global Management LP $71,050,000 1,000,000 1.10% Shares
BANK OF AMERICA CORP /DE/ $69,978,424 984,918 1.08% Shares
UBS Group AG $69,465,230 977,695 1.07% Shares
ORBIMED ADVISORS LLC $69,117,440 972,800 1.07% Shares
GOLDMAN SACHS GROUP INC $60,940,508 857,713 0.94% Shares
Jefferies Financial Group Inc. $54,704,734 769,947 0.84% Shares
Clearbridge Investments, LLC $52,274,048 735,736 0.81% Shares
AMERICAN CENTURY COMPANIES INC $51,593,416 726,154 0.80% Shares
NORTHERN TRUST CORP $48,165,648 677,912 0.74% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $46,196,710 650,200 0.71% Call option
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $44,561,494 627,185 0.69% Shares
EcoR1 Capital, LLC $39,894,575 561,500 0.61% Call option
VANGUARD FIDUCIARY TRUST CO $38,245,433 538,289 0.59% Shares
Bellevue Group AG $35,069,996 493,596 0.54% Shares
Woodline Partners LP $35,019,906 492,891 0.54% Shares
Caption Management, LLC $34,420,954 484,461 0.53% Shares
Candriam S.C.A. $33,302,456 469,170 0.51% Shares
Fisher Asset Management, LLC $32,468,286 456,978 0.50% Shares
JPMORGAN CHASE & CO $30,993,438 417,726 0.48% Shares
DIMENSIONAL FUND ADVISORS LP $30,827,315 433,882 0.48% Shares
FARALLON CAPITAL MANAGEMENT, L.L.C. $28,420,000 400,000 0.44% Call option
ADAGE CAPITAL PARTNERS GP, L.L.C. $27,742,041 390,458 0.43% Shares
Ensign Peak Advisors, Inc $27,037,793 380,546 0.42% Shares
EVENTIDE ASSET MANAGEMENT, LLC $26,286,286 369,839 0.41% Shares
JENNISON ASSOCIATES LLC $22,539,546 317,235 0.35% Shares
FEDERATED HERMES, INC. $22,113,318 311,236 0.34% Shares

Show all 248 institutional owners →

Activists & 5%+ owners 3 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Seven Fleet Master Fund LP, Seven Fleet Capital Management LP, Seven Fleet Capital Management GP LLC, Brian Liu Oct. 28, 2025 2.00% Amendment · SEC
Seven Fleet Partners LP, Seven Fleet Advisors LLC, Brian Liu Sept. 18, 2025 2.00% Initial filing Passive investment SEC
Longitude Capital Partners IV, LLC, Longitude Venture Partners IV, L.P., Longitude Prime Partners, LLC, Longitude Prime Fund, L.P., Patrick G. Enright, Juliet Tammenoms Bakker Sept. 18, 2025 6.00% Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 13 insiders · 6 officers · 8 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Arthur Kuan Chief Executive Officer April 15, 2026 A 198,916 0 0 $0
James M. Detore Chief Financial Officer April 15, 2026 A · 0 0 $0
Corleen M. Roche CFO April 15, 2025 A 2,000 0 0 $0
Ambaw Bellete President and COO April 15, 2026 A · 0 0 $0
Vijay Kasturi Chief Medical Officer April 15, 2026 A 1,315 0 0 $0
Joshua F. Patterson General Counsel and Chief Compliance Officer April 15, 2026 A · 0 0 $0
Leonard E Post Director Sept. 15, 2026 M 0 0 8 $-1,032,870
James Mulay Director July 10, 2026 M 0 0 9 $-4,042,458
Brian Guan-Chyun Liu Director June 25, 2026 P 1,886,236 1 0 $24,814,454
Victor Edward Tong Jr Director June 4, 2026 A · 0 0 $0
Christina Rossi Director June 4, 2026 A · 0 0 $0
Susan E Graf Director June 4, 2026 A · 0 0 $0
Hong Fang Song Director Sept. 3, 2025 S 2,903,931 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 44 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PTH · Invesco Exchange-Traded Fund Trust 1.57% 66,243 SH Oct. 2, 2026 Daily
LABU · Direxion Shares ETF Trust 0.88% 61,441 NS July 31, 2026 N-PORT
BBC · ETFis Series Trust I 0.80% 5,218 NS July 31, 2026 N-PORT
FNY · First Trust Exchange-Traded AlphaDE… 0.64% 51,674 NS July 31, 2026 N-PORT
JDOC · J.P. Morgan Exchange-Traded Fund Tr… 0.62% 791 NS July 31, 2026 N-PORT
IBBQ · Invesco Exchange-Traded Fund Trust … 0.40% 6,256 SH Oct. 2, 2026 Daily
DWAS · Invesco Exchange-Traded Fund Trust … 0.37% 21,829 SH Oct. 2, 2026 Daily
IWO · iShares Trust 0.35% 692,744 SH Sept. 11, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.31% 78,930 SH Aug. 19, 2026 Daily
IBB · iShares Trust 0.31% 438,814 SH Sept. 11, 2026 Daily
FNX · First Trust Exchange-Traded AlphaDE… 0.30% 57,989 NS July 31, 2026 N-PORT
ESSC · Strategy Shares 0.28% 1,408 NS July 31, 2026 N-PORT
PWS · Pacer Funds Trust 0.25% 839 NS July 31, 2026 N-PORT
FFSM · FIDELITY COVINGTON TRUST 0.25% 51,700 NS July 31, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.19% 15,514 NS July 31, 2026 N-PORT
IWM · iShares Trust 0.17% 1,886,373 SH Sept. 11, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.17% 2,121 NS July 31, 2026 N-PORT
RSSL · Global X Funds 0.17% 35,330 NS July 31, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.16% 424,670 SH Aug. 19, 2026 Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.16% 15,425 NS July 31, 2026 N-PORT
VFMO · VANGUARD WELLINGTON FUND 0.15% 41,343 SH Aug. 19, 2026 Daily
ISCG · iShares Trust 0.13% 17,995 SH Sept. 11, 2026 Daily
ESUM · Strategy Shares 0.09% 2,423 NS July 31, 2026 N-PORT
TEXN · iShares Trust 0.09% 224 SH Sept. 11, 2026 Daily
VBK · VANGUARD INDEX FUNDS 0.07% 496,371 SH Aug. 19, 2026 Daily
ESML · iShares Trust 0.06% 23,849 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.06% 859,802 SH Aug. 19, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.06% 1,719,489 SH Aug. 19, 2026 Daily
VBR · VANGUARD INDEX FUNDS 0.06% 545,848 SH Aug. 19, 2026 Daily
FHLC · FIDELITY COVINGTON TRUST 0.05% 24,074 NS July 31, 2026 N-PORT
VHT · VANGUARD WORLD FUND 0.05% 152,474 SH Aug. 19, 2026 Daily
DFAS · Dimensional ETF Trust 0.04% 82,194 NS July 31, 2026 N-PORT
WSML · iShares Trust 0.03% 3,134 SH Sept. 11, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.03% 10,386 SH Oct. 2, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.01% 2,383,679 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.01% 6,072 SH Aug. 19, 2026 Daily
TILT · FlexShares Trust 0.01% 2,718 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.01% 4,156 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.01% 58,331 NS July 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.01% 13,756 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.01% 102,452 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.01% 19,771 SH Sept. 11, 2026 Daily
DFUS · Dimensional ETF Trust 0.00% 7,388 NS July 31, 2026 N-PORT
ISCB · iShares Trust · 2,551 SH Sept. 11, 2026 Daily

CGON Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 21 analysts BUY
Median target $90.00 +33.6%
5 23.8% Strong Buy
14 66.7% Buy
2 9.5% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

13 analysts · 2026-09-20

Mean target $91.08 +35.2%

← Below all targets Current price $67.38
Low$79.00 Mean$91.08 High$108.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
CGON $3.35B -20.0 254.7% -3985.0% -22.6% ·
IOVA $1.12B -2.5 60.6% -148.4% -56.0% ·
RYTM $7.19B -34.4 45.8% -103.6% -309.1% ·
GRAL $3.45B -7.7 17.2% -277.5% -16.7% ·
KOD $1.73B -6.5 · · -202.0% ·
SRRK $4.78B -13.4 · · -157.9% ·
ORKA $1.48B -3.3 · · -25.9% ·
COGT $5.72B -16.4 · · -83.1% ·
MIRM $4.10B -168.1 54.7% -4.5% -8.2% ·
PTCT $6.19B 9.8 114.5% 39.4% -331.5% ·

Latest News Recent headlines mentioning this company

23
RBC Capital Lifts PT on CG Oncology (CGON), Calls PIVOT-006 a Complex Catalyst Yahoo Finance · 4 months, 3 weeks ago

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 6, 2026