Skip to content
CG Oncology logo

CG Oncology

CGON

CG Oncology is a late-stage clinical biopharmaceutical company dedicated to developing and commercializing oncolytic immunotherapies for bladder cancer.

Market cap
$6.48B+216%
Revenue$5.1M+666%
Net income-$186.7M-76.9%
Free cash flow-$160.4M-95.1%
EPS (diluted)-$2.33-54.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 7, 2026 (In 1 week)
Revenue estimate$360.8K
EPS estimate-$0.70

Financials

Q1 2026

Income statement

See full
Revenue$1.1M+1,983%
Operating income-$66.4M-57.3%
Net income-$60.2M-74.7%
EPS (diluted)-$0.71-57.8%

Balance sheet

See full
Cash & equivalents$33.7M-18.7%
Total debt$7.6M+631%
Total equity$1.1B+54.9%
Total assets$1.1B+55.9%

Cash flow

See full
Operating cash flow-$56.9M-94.5%
CapEx$304.0K+1,800%
Free cash flow-$57.2M-95.4%

Valuation & ratios

Valuation

See full
Market cap$6.48B+216%
Enterprise value$6.46B+230%
P/S1,278.8×-2,299×

Profitability

See full
Operating margin-4,239%-1,872pp
Net margin-3,682.6%-1,601pp
FCF margin-3,163.8%-1,351pp

Returns & leverage

See full
Return on equity-20.8%+7.1pp
Debt / equity0.0×
Current ratio31.3×+0.3×

Segments

By product

See full
Commercial And Development Revenue$1.1M
License And Collaboration Revenue$14.0K-73.1%

Competitors

Profile

CG Oncology is a late-stage clinical biopharmaceutical company dedicated to developing and commercializing oncolytic immunotherapies for bladder cancer. Its core value proposition centers on cretostimogene grenadenorepvec, an investigational therapy designed to eliminate cancer cells through selective replication and the activation of an anti-tumor immune response. The company aims to provide a bladder-sparing alternative to radical surgery for patients with high-risk and intermediate-risk non-muscle invasive bladder cancer.

Competitive position

A late-stage developer of a potential best-in-disease, first-in-class oncolytic immunotherapy for NMIBC, currently transitioning toward commercial-stage operations.

GeographiesUnited States, Asia, Global
Customer segmentsUrologists, Patients with bladder cancer
Business modelBiopharmaceutical R&D
SuppliersContract manufacturing organizations, Clinical trial sites, Raw material suppliers for viral vectors
CustomersSpecialty urology clinics, Medical oncologists, Healthcare providers
Listed2024
Employees61.0
CEOArthur Kuan
FilingsSEC EDGAR

Questions, answered.

What is CG Oncology's market cap?
CG Oncology (CGON) has a market capitalization of $6.5B and trades on NASDAQ.
What is CG Oncology's revenue and profitability?
CG Oncology generated $5.1M in trailing twelve-month revenue with a net loss of $186.7M, representing a net margin of -3682.6%, with free cash flow of -$160.4M. These figures are based on the Q1 2026 filing.
Who are CG Oncology's competitors?
CG Oncology's key competitors include ImmunityBio Inc., Johnson & Johnson, UroGen Pharma, Inc., and others. These companies compete in similar markets and product categories.
Who does CG Oncology partner with?
CG Oncology's notable partners include Kissei Pharmaceutical Co., Ltd., Lepu Biotech Co., Ltd., Merck & Co., Inc., and others.
What subsidiaries does CG Oncology have?
CG Oncology's subsidiaries include Biovire.
Where is CG Oncology headquartered?
CG Oncology is headquartered in United States of America and employs approximately 61 people. It has been publicly traded since 2024.