Cibus Inc
CBUS—
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Cibus Inc AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill of 232.5M is 461% of equity (50.4M) - tangible book value is -214M, creating existential impairment risk[Goodwill]
- Cash burn of 51.7M FCF TTM vs 23.9M cash = ~5 months runway without dilutive financing[Free Cash Flow]
- Revenue 3Y CAGR of 145% but 5Y CAGR of -35% signals volatile, unsustainable growth trajectory[Total Revenue 3yr Growth]
Watch Triggers
- Cash and Equivalents: Falls below 15M — Would signal <3 months runway, forcing emergency financing at distressed terms
- Goodwill: Any impairment charge — Would wipe equity and trigger debt covenants given 461% goodwill/equity ratio
- Total Revenue: Quarterly revenue exceeds 2M — Would indicate commercial traction that could attract growth capital vs distressed financing
Bull Case
R&D of 47.2M (62% of opex) signals IP development; 3Y revenue CAGR of 145% shows technology gaining traction
Research and DevelopmentTotal Revenue 3yr Growth
Enterprise value of 91.6M is just 0.4x goodwill - any successful commercialization reprices dramatically
Enterprise ValueGoodwill
Bear Case
Negative tangible book (-214M) with 5-month cash runway and -119M net loss = near-certain dilution or bankruptcy
Tangible Book ValueCash and EquivalentsNet Income
Interest expense of 34.3M is 9x revenue (3.8M TTM) - debt service alone is unsustainable
Interest ExpenseTotal Revenue
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
20%
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Forward Thesis
Imminent capital raise will dilute shareholders 50%+ within 12 months
3-12mhigh
- Cash of 23.9M vs 51.7M annual burn
- No path to profitability visible
- Debt/equity at 0.67 limits debt capacity
FCF TTM: -51.7MCash: 23.9M (5mo runway)Net income TTM: -118.9M
Valuation Context
Caveats
CBUS Fundamentals
Professional, Scientific, and Technical Services → Professional, Scientific, and Technical Services
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$95.49M | — | ||
$118.61M | — | ||
0.00 | — | ||
$3.64M | -14.6% | — | |
$-2.78 | — | ||
-1,854% | -48.1% | — | |
-3,492% | +2406.1% | — | |
$-51.17M | — | ||
-223% | -92.6% | — | |
Beta 5Y (Monthly) | unknown | — |
CBUS Dividend History
No dividends
CBUS Stock Splits
2 stock splits
06/01/235:1 split
04/25/2310:1 split
CBUS SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
03/17/26 | 12/31/25 | 10-K | |
11/13/25 | 09/30/25 | 10-Q | |
08/14/25 | 06/30/25 | 10-Q | |
05/08/25 | 03/31/25 | 10-Q | |
03/17/26 | 12/31/24 | 10-K | |
03/20/25 | 12/31/24 | Unknown | |
11/07/24 | 09/30/24 | 10-Q | |
08/08/24 | 06/30/24 | 10-Q | |
05/09/24 | 03/31/24 | 10-Q | |
03/21/24 | 12/31/23 | 10-K | |
03/20/25 | 12/31/23 | 10-K | |
11/09/23 | 09/30/23 | 10-Q | |
08/10/23 | 06/30/23 | 10-Q | |
05/01/23 | 03/31/23 | 10-Q | |
03/02/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/05/22 | 03/31/22 | 10-Q | |
03/03/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/05/21 | 06/30/21 | 10-Q | |
05/06/21 | 03/31/21 | 10-Q | |
03/04/21 | 12/31/20 | 10-K | |
11/05/20 | 09/30/20 | 10-Q | |
08/05/20 | 06/30/20 | 10-Q | |
05/07/20 | 03/31/20 | 10-Q | |
03/05/20 | 12/31/19 | 10-K | |
11/07/19 | 09/30/19 | 10-Q | |
08/07/19 | 06/30/19 | 10-Q | |
05/08/19 | 03/31/19 | 10-Q | |
03/12/19 | 12/31/18 | 10-K | |
11/13/18 | 09/30/18 | 10-Q | |
08/01/18 | 06/30/18 | 10-Q | |
05/07/18 | 03/31/18 | 10-Q | |
03/14/18 | 12/31/17 | 10-K | |
11/13/17 | 09/30/17 | 10-Q | |
09/01/17 | 06/30/17 | 10-Q | |
07/21/17 | 03/31/17 | 424B4 | |
07/21/17 | 12/31/16 | 424B4 | |
11/13/17 | 09/30/16 | 10-Q | |
09/01/17 | 06/30/16 | 10-Q | |
07/21/17 | 03/31/16 | 424B4 |