CG Oncology, Inc. Common stock logo

CG Oncology, Inc. Common stock(CGON)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
2-STAR RATING
SELL
SELL for 1 day
PROFIT SINCE LAST BUY
-8.92% ▼
LAST CLOSE
$67.15
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for CGON

09/25/2026: CGON (2-star) is a SELL. SELL for 1 day. Simulated Profits (-8.92%). Updated daily EoD!

CG Oncology is a clinical-stage biotechnology company focused on developing oncolytic immunotherapy to treat bladder cancer. Its primary value proposition centers on the potential of its lead candidate, cretostimogene, to offer a bladder-sparing alternative for patients. While the company has shown positive clinical progress, it currently lacks commercial revenue, making it a high-risk play dependent on binary clinical outcomes. Investors must carefully monitor regulatory developments and clinical trial data readouts. This stock is best suited for growth-oriented investors who can tolerate high volatility and understand the significant risks inherent in early-stage biotechnology research.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThis is a high-risk growth opportunity dependent on binary clinical outcomes.
Momentum investorMixed fitMomentum may track clinical news cycles; investors should look for positive signals.
Value investorWeak fitThe company has no earnings or revenue to justify a traditional value-based valuation.
Dividend investorWeak fitThe company is in an early-stage growth phase and does not pay dividends.
Low-risk investorWeak fitBiotechnology development carries significant volatility and binary risk.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighClinical-stage stocks are highly sensitive to trial results.
Valuation riskHighValuations are driven by speculative future success rather than cash flows.
Competition risk (Oncology immunotherapies)HighEstablished players have massive R&D budgets.
Business qualityMediumQuality is tied to clinical execution rather than established market franchises.
Dividend incomeLow / noneIncome generation is not part of the current business model.
Execution riskHighFailure to achieve regulatory approval would severely impact the business.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -53.1%
Avg. Invested days 26
Today’s Advisory SELL
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
CGON receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
CGON has moderate overall fundamentals (3 stars), with soft financial health, soft growth momentum, and solid ownership. In FY2025 versus FY2024, strong revenue growth (+254.7%) is partially offset by negative earnings growth (-82.9%), soft cash generation (FCF margin -3279.2%), soft profitability (net margin -3985.0%).

Financial Health Rating

★★★★★
CGON's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 92.0%). Operating efficiency is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is CGON's strongest growth driver at +254.7% FY2025 versus FY2024 (strong, 5 stars). By comparison, while earnings growth (-82.9%, negative) and free-cash-flow growth (-67.8%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 113.7% and approximately 77.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.23%, which materially reduces the ownership score.

Top 5 Institutional Investors

RTW INVESTMENTS, LLC 7.88%
T. Rowe Price Investment Management,Inc. 7.58%
Decheng Capital LLC 7.19%
Wellington Management Company LLP 6.01%
BlackRock Inc 5.71%

Unit Economics (Per $1K Revenue)

★★★★★
CGON generates approximately $-150 of gross profit, $-47,221 of operating income, and $-32,792 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
CGON has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 6.09B USD
Price to earnings Ratio -
1Y Target Price 91.08
Price to earnings Ratio -
1Y Target Price 91.08
Volume (30-day avg) 816.6K shares
Beta 0.24
52 Weeks Range 35.80 - 80.97
Updated Date 09/25/2026
52 Weeks Range 35.80 - 80.97
Updated Date 09/25/2026
Dividends yield (FY) -
Basic EPS (TTM) -2.52

How Company Makes Money

Business areaWhat it includesRetail investor read
Clinical Therapeutics DevelopmentCretostimogene grenadenorepvec (investigational).The company is currently spending money to develop a drug and earns no revenue yet.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 5.49B
Price to Sales(TTM) 978.63
Enterprise Value 5.49B
Price to Sales(TTM) 978.63
Enterprise Value to Revenue 881.12
Enterprise Value to EBITDA -
Shares Outstanding 88.64M
Shares Floating 68.28M
Shares Outstanding 88.64M
Shares Floating 68.28M
Percent Insiders 0.23
Percent Institutions 113.67

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About CG Oncology, Inc. Common stock

Exchange NASDAQ
Headquarters Dallas, TX, United States
IPO Launch date 2024-01-25
President, Chairman & CEO Mr. Arthur Kuan
Sector Healthcare
Industry Biotechnology
Full time employees 142
Full time employees 142

CG Oncology, Inc., a late-stage clinical biopharmaceutical company, develops and commercializes cretostimogene grenadenorepvec for patients with bladder cancer in the United States. The company's product candidate is cretostimogene, an investigational oncolytic immunotherapy, which is in phase 2 clinical trials of cretostimogene in patients with high-risk NMIBC after BCG failure; a phase 3 clinical trials to evaluate the safety and efficacy of cretostimogene as monotherapy in the treatment of patients who have received adequate BCG therapy with high-risk BCG-unresponsive, CIS-containing NMIBC and BCG-unresponsive Ta, or T1 papillary tumors; phase 3 BOND-003 Cohort C trials as a single agent; phase 3 BOND-003 Cohort P as a single agent in patients with BCG-UR papillary-only NMIBC. It also develops cretostimogene monotherapy for intermediate-risk NMIBC following TURBT, which is in phase 3 PIVOT-006 clinical trials to assess the safety and efficacy of adjuvant cretostimogene; and cretostimogene monotherapy for high-risk NMIBC in phase 2 CORE-008 clinical trials to assess the safety and clinical outcomes of cretostimogene in treating patients with high-risk NMIBC, including BCG-exposed and BCG-naïve NMIBC. The company was formerly known as Cold Genesys, Inc. and changed its name to CG Oncology, Inc. in June 2020. CG Oncology, Inc. was founded in 2010 and is headquartered in Dallas, Texas.