CRDL Class A Cardiol Therapeutics Inc. - Class A Common Shares
NASDAQ · Pharmaceuticals · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Mar 31, 2026
$1.41
· of 52w range
· above low
· to high
$0.8852w low
$2.3452w high
P/E
-2.4
EPS
$-0.39
your badges
52W Range
$1–$2
Analyst Rating
BUY
Price Target
$8
P/E
-2.4
ROE
-158.8%
Net Profit Margin
·
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CRDL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$1.41
P/E
-2.4
EPS
$-0.39
ROE
-158.8%
52W Range
$1–$2
CRDL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue·2021-12-31 → 2021-12-31
EPS$-0.392020-12-31 → 2025-12-31
Free Cash Flow$-24M2021-12-31 → 2025-12-31
Net margin·2021-12-31 → 2021-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | CRDL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -2.45Y avg ≈-2.1 | ≈-2.1 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | CRDL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| ROA | -121.9%5Y avg ≈-77.6% | ≈-77.6% | · | · | |
| ROE | -158.8%5Y avg ≈-97.2% | ≈-97.2% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | CRDL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 4.25Y avg ≈5.4 | ≈5.4 | · | · | |
| Quick Ratio | 3.85Y avg ≈5.1 | ≈5.1 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
17.1%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | $-0.05 | $-0.11 | 53.3% | |
| March 31, 2026 | $-0.10 | $-0.10 | 2.0% | |
| Dec. 31, 2025 | $-0.07 | $-0.08 | 14.2% | |
| Sept. 30, 2025 | $-0.12 | $-0.09 | -30.7% | |
| June 30, 2025 | $-0.10 | $-0.12 | 18.3% | |
| March 31, 2025 | $-0.10 | $-0.14 | 30.0% | |
| Dec. 31, 2024 | $-0.09 | $-0.13 | 32.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | · | · | · | · | $78.8K | |
| R&D Expense | $14M | $14M | $14M | $19M | $11M | |
| SG&A Expense | $20M | $26M | $16M | $22M | $28M | |
| Operating Income | $-34M | $-40M | $-30M | $-41M | $-39M | |
| Interest Income | $726.4K | $1M | $2M | $1M | $106.0K | |
| Income Tax | · | · | · | $0 | $0 | |
| Net Income | $-34M | $-37M | $-28M | $-31M | $-32M | |
| EPS (Basic) | $-0.39 | $-0.51 | $-0.44 | $-0.49 | $-0.73 | |
| EPS (Diluted) | $-0.39 | $-0.51 | $-0.44 | $-0.49 | $-0.73 | |
| Shares (Basic) | 86,989,339 | 71,567,755 | 64,463,087 | 62,505,982 | 43,222,819 | |
| Shares (Diluted) | 86,989,339 | 71,567,755 | 64,463,087 | 62,505,982 | 43,222,819 | |
| EBITDA | $-34M | $-40M | $-30M | $-41M | $-39M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $21M | $31M | $35M | $59M | $84M | |
| Current Assets | $24M | $32M | $36M | $61M | $87M | |
| PP&E (Net) | $118.1K | $195.6K | $337.1K | $295.7K | $356.5K | |
| Intangibles | · | · | $210.4K | $294.8K | $379.2K | |
| Total Assets | $24M | $32M | $37M | $62M | $88M | |
| Accounts Payable | $3M | $7M | $8M | $9M | $5M | |
| Current Liabilities | $6M | $7M | $8M | $10M | $12M | |
| Total Liabilities | $6M | $7M | $8M | $10M | $12M | |
| Retained Earnings | $-213M | $-179M | $-143M | $-114M | $-84M | |
| Stockholders' Equity | $18M | $25M | $28M | $52M | $76M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $-24M | $-25M | $-25M | $-27M | $-24M | |
| CapEx | $24.5K | $21.3K | $64.3K | $74.7K | $12.9K | |
| Investing Cash Flow | $-24.5K | $-21.3K | $-64.3K | $-74.7K | $-12.9K | |
| Financing Cash Flow | $16M | $19M | $-55.4K | $-53.9K | $93M | |
| Free Cash Flow | $-24M | $-25M | $-25M | $-27M | $-24M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | · | -49091.9% | |
| Net Margin | · | · | · | · | -40170.4% | |
| EBITDA Margin | · | · | · | · | -49091.9% | |
| ROA | -121.9% | -107.0% | -57.0% | -41.3% | -61.0% | |
| ROE | -158.8% | -138.5% | -69.9% | -48.2% | -70.7% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 4.2 | 4.5 | 4.4 | 6.3 | 7.5 | |
| Quick Ratio | 3.8 | 4.4 | 4.2 | 6.1 | 7.3 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | · | 0.0 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue / Share | · | · | · | · | $0.00 | |
| Cash Flow / Share | $-0.27 | $-0.35 | $-0.39 | $-0.44 | $-0.54 | |
| EPS (TTM) | $-0.39 | $-0.51 | $-0.44 | $-0.49 | $-0.73 |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue TTM | · | · | · | · | $78.8K | |
| Net Income TTM | $-34M | $-37M | $-28M | $-31M | $-32M | |
| P/E | -2.4 | -2.5 | -1.9 | -1.0 | -2.5 | |
| Earnings Yield | -40.9% | -39.8% | -52.2% | -96.1% | -39.5% |
Per Share
| Metric | Trend | Q4 2021 |
|---|---|---|
| EPS (TTM) | $-0.73 |
Valuation (TTM)
| Metric | Trend | Q4 2021 |
|---|---|---|
| Revenue TTM | $78.8K | |
| Net Income TTM | $-32M | |
| P/E | -2.5 | |
| Earnings Yield | -39.5% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | · | · | · | · | $78.8K |
| Operating Margin % | · | · | · | · | -49091.9% |
| Net Income | $-34M | $-37M | $-28M | $-31M | $-32M |
| Diluted EPS | $-0.39 | $-0.51 | $-0.44 | $-0.49 | $-0.73 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 4.2 | 4.5 | 4.4 | 6.3 | 7.5 |
| Quick Ratio | 3.8 | 4.4 | 4.2 | 6.1 | 7.3 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-24M | $-25M | $-25M | $-27M | $-24M |
Institutional owners (13F) 57 filers · $31.4M total · As of June 30, 2026
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
57
Value held
$31.4M
New positions
12
Exited positions
5
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 12 (-3 vs prior Q) | 5 (-2 vs prior Q) | 11 (+1 vs prior Q) | 11 (+4 vs prior Q) | +1.6M |
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 |
|---|---|---|---|---|
| MMCAP International Inc. SPC | $16,534,474 | 15,598,560 | 52.61% | Shares |
| Tejara Capital Ltd | $5,420,651 | 5,113,822 | 17.25% | Shares |
| Ikarian Capital, LLC | $3,524,500 | 3,325,000 | 11.22% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $1,034,264 | 975,721 | 3.29% | Shares |
| CITADEL ADVISORS LLC | $844,320 | 796,529 | 2.69% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $819,207 | 772,837 | 2.61% | Shares |
| TWO SIGMA INVESTMENTS, LP | $791,753 | 746,937 | 2.52% | Shares |
| INTEGRITY ALLIANCE, LLC. | $411,802 | 388,492 | 1.31% | Shares |
| MORGAN STANLEY | $376,332 | 355,030 | 1.20% | Shares |
| GOLDMAN SACHS GROUP INC | $353,934 | 333,900 | 1.13% | Shares |
| Sheets Smith Investment Management | $152,044 | 142,097 | 0.48% | Shares |
| PVG ASSET MANAGEMENT CORP | $113,595 | 107,165 | 0.36% | Shares |
| MGO ONE SEVEN LLC | $106,000 | 100,000 | 0.34% | Shares |
| 1832 Asset Management L.P. | $106,000 | 100,000 | 0.34% | Shares |
| Summit Financial, LLC | $105,056 | 99,109 | 0.33% | Shares |
| JANE STREET GROUP, LLC | $56,065 | 53,416 | 0.18% | Shares |
| JPMORGAN CHASE & CO | $49,519 | 48,077 | 0.16% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $44,727 | 42,196 | 0.14% | Shares |
| Marble Harbor Investment Counsel, LLC | $42,294 | 39,900 | 0.13% | Shares |
| Boyer Financial Services, Inc. | $35,805 | 34,100 | 0.11% | Shares |
| SECURITY NATIONAL BANK OF SIOUX CITY IOWA /IA/ | $34,980 | 33,000 | 0.11% | Shares |
| CITADEL ADVISORS LLC | $34,768 | 32,800 | 0.11% | Call option |
| Quadrature Capital Ltd | $32,400 | 30,566 | 0.10% | Shares |
| Kovack Advisors, Inc. | $31,500 | 30,000 | 0.10% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $27,348 | 25,800 | 0.09% | Call option |
| Concurrent Investment Advisors, LLC | $26,910 | 25,387 | 0.09% | Shares |
| Cubist Systematic Strategies, LLC | $26,835 | 25,079 | 0.09% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $23,956 | 22,600 | 0.08% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $22,563 | 22,340 | 0.07% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $20,641 | 19,847 | 0.07% | Shares |
| Point72 Asset Management, L.P. | $19,455 | 18,354 | 0.06% | Shares |
| Creative Planning | $18,666 | 17,609 | 0.06% | Shares |
| TWO SIGMA ADVISERS, LP | $18,218 | 19,100 | 0.06% | Shares |
| Wealthspire Advisors, LLC | $16,061 | 15,151 | 0.05% | Shares |
| MONECO ADVISORS, LLC | $15,900 | 15,000 | 0.05% | Shares |
| Boomfish Wealth Group, LLC | $15,288 | 14,423 | 0.05% | Shares |
| Eaton Financial Holdings Company, LLC | $14,840 | 14,000 | 0.05% | Shares |
| LPL Financial LLC | $13,367 | 12,610 | 0.04% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $12,180 | 11,495 | 0.04% | Shares |
| Impact Partnership Wealth, LLC | $11,501 | 10,850 | 0.04% | Shares |
| Independent Advisor Alliance | $10,600 | 10,000 | 0.03% | Shares |
| Advisory Services Network, LLC | $10,600 | 10,000 | 0.03% | Shares |
| Piscataqua Savings Bank | $10,250 | 5,000 | 0.03% | Shares |
| UBS Group AG | $8,979 | 8,471 | 0.03% | Shares |
| TD Waterhouse Canada Inc. | $7,255 | 6,900 | 0.02% | Shares |
| ROYAL BANK OF CANADA | $7,000 | 6,729 | 0.02% | Shares |
| VALLEY NATIONAL ADVISERS INC | $5,300 | 5,000 | 0.02% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $2,121 | 2,020 | 0.01% | Shares |
| Arax Advisory Partners | $1,828 | 1,724 | 0.01% | Shares |
| OSAIC HOLDINGS, INC. | $530 | 500 | 0.00% | Shares |
CRDL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$8.88
+530.0%
2 25.0%
Strong Buy
5 62.5%
Buy
1 12.5%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
5 analysts · 2026-10-02Mean target $8.36 +493.0%
← Below all targets
Current price $1.41
Low$4.96
Mean$8.36
High$10.72
Peer comparison (GICS sub-industry) Key metrics vs sector peers
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 |
|---|---|---|---|---|---|---|
| CRDL | · | -2.4 | · | · | -158.8% | · |
| SNDL | · | -27.7 | · | -1.7% | -1.4% | 27.3% |
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Source: SEC 40-F filed Mar 31, 2026