Symbols / CRDL $1.39 -1.42% Cardiol Therapeutics Inc.

Healthcare • Drug Manufacturers - Specialty & Generic • Canada • NCM
CRDL Chart
About

Cardiol Therapeutics Inc., a clinical-stage life sciences company, focuses on the developing of anti-fibrotic and anti-inflammatory therapies for the treatment of heart diseases. Its lead product candidate is CardiolRx, which is in Phase III multi-national, randomized, double-blind, and placebo-controlled study to evaluate the efficacy and safety of CardiolRx in acute myocarditis, as well as for the treatment of recurrent pericarditis. The company is also developing CRD-38 injection for subcutaneous administration that is in preclinical development for the treatment of heart failure. It has a license agreement with Meros. The company was incorporated in 2017 and is headquartered in Oakville, Canada.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Drug Manufacturers - Spe Market Cap 155.24M
Enterprise Value 116.81M Income -33.82M Sales
Book/sh 0.08 Cash/sh 0.22 Dividend Yield
Payout 0.00% Employees IPO
P/E Forward P/E -5.76 PEG
P/S P/B 17.73 P/C
EV/EBITDA -3.41 EV/Sales Quick Ratio 3.83
Current Ratio 4.16 Debt/Eq 0.70 LT Debt/Eq
EPS (ttm) -0.28 EPS next Y -0.24 EPS Growth
Revenue Growth Earnings 2026-05-14 ROA -77.31%
ROE -158.75% ROIC Gross Margin 0.00%
Oper. Margin 0.00% Profit Margin 0.00% Shs Outstand 111.68M
Shs Float 84.36M Short Float 1.93% Short Ratio 6.25
Short Interest 52W High 1.59 52W Low 0.80
Beta Avg Volume 564.41K Volume 606.21K
Target Price $7.40 Recom Strong_buy Prev Close $1.41
Price $1.39 Change -1.42%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$7.40
Mean price target
2. Current target
$1.39
Latest analyst target
3. DCF / Fair value
$-3.82
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.39
Low
$4.89
High
$9.00
Mean
$7.40

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-06 main Canaccord Genuity Buy → Buy $8
2026-02-10 reit HC Wainwright & Co. Buy → Buy $9
2025-12-01 reit HC Wainwright & Co. Buy → Buy $9
2025-06-02 init HC Wainwright & Co. — → Buy $9
2025-04-16 reit HC Wainwright & Co. Buy → Buy $9
2025-04-07 reit HC Wainwright & Co. Buy → Buy $9
2025-02-24 reit HC Wainwright & Co. Buy → Buy $9
2024-12-18 reit HC Wainwright & Co. Buy → Buy $9
2024-11-20 reit HC Wainwright & Co. Buy → Buy $9
2024-10-24 reit HC Wainwright & Co. Buy → Buy $9
2024-06-26 init Roth MKM — → Buy $10
2024-06-14 reit HC Wainwright & Co. Buy → Buy $9
2024-06-07 reit HC Wainwright & Co. Buy → Buy $9
2024-05-23 main Canaccord Genuity Buy → Buy $8
2024-05-14 reit HC Wainwright & Co. Buy → Buy $9
2024-04-22 init HC Wainwright & Co. — → Buy $9
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-10-17 Elsley (David) Director of Issuer 100,000 $1.00 $100,000
2025-10-17 Torreamione (Guilermo) Senior Officer of Issuer 50,000 $1.00 $50,000
2025-10-01 Hamer (Andrew Warwick M.D.) Senior Officer of Issuer 133,334
2025-09-08 Chao (Jennifer M) Director of Issuer 13,334
2025-09-08 Hamer (Andrew Warwick M.D.) Senior Officer of Issuer 70,000
2025-09-08 Loxam (Teri) Director of Issuer 13,334
2025-05-28 Garnett (Timothy John) Director of Issuer 0
2025-04-08 Chao (Jennifer M) Director of Issuer 20,000
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
0.00
0.00
0.00
0.00
Operating Revenue
0.00
0.00
0.00
0.00
Operating Expense
34.32
-14.80%
40.28
+35.22%
29.79
-27.94%
41.34
Research And Development
14.02
+0.05%
14.01
-1.49%
14.22
-24.99%
18.96
Selling General And Administration
20.20
-22.00%
25.89
+66.38%
15.56
-30.45%
22.37
General And Administrative Expense
20.20
-22.00%
25.89
+66.38%
15.56
-30.45%
22.37
Salaries And Wages
9.22
-28.59%
12.92
Other Gand A
10.97
-15.44%
12.97
-16.62%
15.56
-30.45%
22.37
Total Expenses
34.32
-14.80%
40.28
+35.22%
29.79
-27.94%
41.34
Operating Income
-34.32
+14.80%
-40.28
-35.22%
-29.79
+27.94%
-41.34
EBITDA
-34.21
+14.26%
-39.90
-35.10%
-29.54
+28.16%
-41.12
Normalized EBITDA
-33.99
+19.62%
-42.28
-45.77%
-29.01
+42.13%
-50.12
Reconciled Depreciation
0.10
-72.67%
0.37
+50.23%
0.25
+12.94%
0.22
EBIT
-34.32
+14.80%
-40.28
-35.22%
-29.79
+27.94%
-41.34
Total Unusual Items
-0.23
-109.63%
2.38
+547.80%
-0.53
-105.90%
9.00
Total Unusual Items Excluding Goodwill
-0.23
-109.63%
2.38
+547.80%
-0.53
-105.90%
9.00
Net Income
-33.82
+7.79%
-36.68
-30.39%
-28.13
+9.06%
-30.93
Pretax Income
-33.82
+7.79%
-36.68
-30.39%
-28.13
+9.06%
-30.93
Net Non Operating Interest Income Expense
0.73
-39.13%
1.19
-41.46%
2.04
+64.71%
1.24
Net Interest Income
0.73
-39.13%
1.19
-41.46%
2.04
+64.71%
1.24
Interest Income Non Operating
0.73
-39.13%
1.19
-41.46%
2.04
+64.71%
1.24
Interest Income
0.73
-39.13%
1.19
-41.46%
2.04
+64.71%
1.24
Other Income Expense
-0.23
-109.52%
2.41
+731.08%
-0.38
-104.16%
9.17
Other Non Operating Income Expenses
0.03
-81.15%
0.15
-8.94%
0.16
Gain On Sale Of Security
-0.23
-109.63%
2.38
+547.80%
-0.53
-105.90%
9.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-33.82
+7.79%
-36.68
-30.39%
-28.13
+9.06%
-30.93
Net Income From Continuing Operation Net Minority Interest
-33.82
+7.79%
-36.68
-30.39%
-28.13
+9.06%
-30.93
Net Income From Continuing And Discontinued Operation
-33.82
+7.79%
-36.68
-30.39%
-28.13
+9.06%
-30.93
Net Income Continuous Operations
-33.82
+7.79%
-36.68
-30.39%
-28.13
+9.06%
-30.93
Normalized Income
-33.59
+13.99%
-39.06
-41.52%
-27.60
+30.89%
-39.93
Net Income Common Stockholders
-33.82
+7.79%
-36.68
-30.39%
-28.13
+9.06%
-30.93
Diluted EPS
-0.39
+23.53%
-0.51
-15.91%
-0.44
+10.20%
-0.49
Basic EPS
-0.39
+23.53%
-0.51
-15.91%
-0.44
+10.20%
-0.49
Basic Average Shares
86.99
+21.55%
71.57
+11.02%
64.46
+3.13%
62.51
Diluted Average Shares
86.99
+21.55%
71.57
+11.02%
64.46
+3.13%
62.51
Diluted NI Availto Com Stockholders
-33.82
+7.79%
-36.68
-30.39%
-28.13
+9.06%
-30.93
Amortization
0.00
-100.00%
0.21
Amortization Of Intangibles Income Statement
0.00
-100.00%
0.21
Depreciation Amortization Depletion Income Statement
0.10
-72.67%
0.37
Depreciation And Amortization In Income Statement
0.10
-72.67%
0.37
Depreciation Income Statement
0.10
-37.34%
0.16
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
23.62
-25.87%
31.86
-13.18%
36.70
-40.83%
62.03
Current Assets
23.50
-25.79%
31.67
-12.41%
36.15
-41.16%
61.44
Cash Cash Equivalents And Short Term Investments
21.42
-29.97%
30.58
-12.46%
34.93
-41.26%
59.47
Cash And Cash Equivalents
21.42
-29.97%
30.58
-12.46%
34.93
-41.26%
59.47
Receivables
0.23
-37.45%
0.36
+29.21%
0.28
-41.72%
0.48
Accounts Receivable
0.06
-44.48%
0.10
-29.69%
0.14
-32.00%
0.21
Other Receivables
0.17
-34.75%
0.26
+90.52%
0.14
-49.26%
0.27
Prepaid Assets
1.86
+155.88%
0.73
-22.83%
0.94
-36.73%
1.49
Total Non Current Assets
0.12
-39.62%
0.20
-64.27%
0.55
-7.30%
0.59
Net PPE
0.12
-39.62%
0.20
-41.97%
0.34
+13.97%
0.30
Gross PPE
0.99
+2.53%
0.97
-2.57%
0.99
+26.03%
0.79
Accumulated Depreciation
-0.87
-13.20%
-0.77
-17.65%
-0.66
-33.26%
-0.49
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
0.24
+11.29%
0.22
+10.89%
0.20
+9.14%
0.18
Other Properties
0.51
+0.00%
0.51
-8.35%
0.56
+50.74%
0.37
Leases
0.24
+0.00%
0.24
+0.00%
0.24
+0.00%
0.24
Goodwill And Other Intangible Assets
0.00
-100.00%
0.21
-28.64%
0.29
Other Intangible Assets
0.21
-28.64%
0.29
Total Liabilities Net Minority Interest
5.74
-19.52%
7.14
-15.60%
8.45
-13.97%
9.83
Current Liabilities
5.66
-19.33%
7.01
-15.50%
8.30
-15.39%
9.80
Payables And Accrued Expenses
3.48
-50.14%
6.98
-13.24%
8.04
-13.85%
9.33
Current Debt And Capital Lease Obligation
0.04
+16.17%
0.03
+108.81%
0.02
-68.66%
0.05
Current Capital Lease Obligation
0.04
+16.17%
0.03
+108.81%
0.02
-68.66%
0.05
Other Current Liabilities
2.14
0.24
-43.28%
0.42
Total Non Current Liabilities Net Minority Interest
0.09
-30.55%
0.13
-20.82%
0.16
+606.97%
0.02
Long Term Debt And Capital Lease Obligation
0.09
-30.55%
0.13
-20.82%
0.16
+606.97%
0.02
Long Term Capital Lease Obligation
0.09
-30.55%
0.13
-20.82%
0.16
+606.97%
0.02
Stockholders Equity
17.88
-27.70%
24.73
-12.45%
28.25
-45.89%
52.20
Common Stock Equity
17.88
-27.70%
24.73
-12.45%
28.25
-45.89%
52.20
Capital Stock
201.87
+12.56%
179.34
+20.75%
148.52
+0.66%
147.55
Common Stock
201.87
+12.56%
179.34
+20.75%
148.52
+0.66%
147.55
Share Issued
100.26
+21.36%
82.61
+26.41%
65.35
+2.05%
64.04
Ordinary Shares Number
100.26
+21.36%
82.61
+26.41%
65.35
+2.05%
64.04
Additional Paid In Capital
29.08
+18.00%
24.65
+31.20%
18.79
+20.53%
15.59
Retained Earnings
-213.07
-18.87%
-179.25
-25.72%
-142.58
-24.58%
-114.45
Total Equity Gross Minority Interest
17.88
-27.70%
24.73
-12.45%
28.25
-45.89%
52.20
Total Capitalization
17.88
-27.70%
24.73
-12.45%
28.25
-45.89%
52.20
Working Capital
17.85
-27.62%
24.66
-11.48%
27.86
-46.05%
51.63
Invested Capital
17.88
-27.70%
24.73
-12.45%
28.25
-45.89%
52.20
Total Debt
0.13
-20.82%
0.16
-9.07%
0.17
+139.24%
0.07
Capital Lease Obligations
0.13
-20.82%
0.16
-9.07%
0.17
+139.24%
0.07
Net Tangible Assets
17.88
-27.70%
24.73
-11.80%
28.04
-45.99%
51.91
Tangible Book Value
17.88
-27.70%
24.73
-11.80%
28.04
-45.99%
51.91
Other Equity Interest
3.52
+0.00%
3.52
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-23.85
+4.81%
-25.06
+0.47%
-25.18
+7.49%
-27.22
Cash Flow From Continuing Operating Activities
-23.85
+4.81%
-25.06
+0.47%
-25.18
+7.49%
-27.22
Net Income From Continuing Operations
-33.82
+7.79%
-36.68
-30.39%
-28.13
+9.06%
-30.93
Depreciation Amortization Depletion
0.10
-72.67%
0.37
+50.23%
0.25
+12.94%
0.22
Depreciation
0.10
-37.34%
0.16
-0.70%
0.16
+21.00%
0.14
Amortization Cash Flow
0.00
-100.00%
0.21
+149.11%
0.08
+0.00%
0.08
Depreciation And Amortization
0.10
-72.67%
0.37
+50.23%
0.25
+12.94%
0.22
Amortization Of Intangibles
0.00
-100.00%
0.21
+149.11%
0.08
+0.00%
0.08
Other Non Cash Items
0.02
-13.05%
0.03
-20.54%
0.03
-93.94%
0.53
Stock Based Compensation
10.70
-25.05%
14.28
+243.47%
4.16
-17.08%
5.01
Operating Gains Losses
-0.13
+94.00%
-2.13
-125.51%
-0.94
+87.91%
-7.81
Gain Loss On Investment Securities
-0.95
-299.60%
-0.24
-31.06%
-0.18
+96.28%
-4.89
Net Foreign Currency Exchange Gain Loss
0.82
+143.60%
-1.89
-148.03%
-0.76
+73.90%
-2.92
Change In Working Capital
-0.73
+21.28%
-0.93
-70.65%
-0.55
-109.50%
5.75
Change In Receivables
0.14
+265.66%
-0.08
-140.81%
0.20
+374.15%
-0.07
Changes In Account Receivables
0.04
+5.33%
0.04
-36.92%
0.07
+146.59%
-0.14
Change In Inventory
0.00
0.00
Change In Prepaid Assets
-1.13
-626.89%
0.21
-60.67%
0.55
-59.41%
1.35
Change In Payables And Accrued Expense
0.26
+124.77%
-1.06
+17.63%
-1.29
-128.89%
4.47
Investing Cash Flow
-0.02
-15.00%
-0.02
+66.90%
-0.06
+13.92%
-0.07
Cash Flow From Continuing Investing Activities
-0.02
-15.00%
-0.02
+66.90%
-0.06
+13.92%
-0.07
Net PPE Purchase And Sale
-0.02
-15.00%
-0.02
+66.90%
-0.06
+13.92%
-0.07
Purchase Of PPE
-0.02
-15.00%
-0.02
+66.90%
-0.06
+13.92%
-0.07
Capital Expenditure
-0.02
-15.00%
-0.02
+66.90%
-0.06
+13.92%
-0.07
Financing Cash Flow
15.54
-17.52%
18.84
+34122.57%
-0.06
-2.67%
-0.05
Cash Flow From Continuing Financing Activities
15.54
-17.52%
18.84
+34122.57%
-0.06
-2.67%
-0.05
Net Issuance Payments Of Debt
-0.06
-33.33%
-0.04
+25.00%
-0.06
-2.67%
-0.05
Repayment Of Debt
-0.06
-33.33%
-0.04
+25.00%
-0.06
-2.67%
-0.05
Long Term Debt Payments
-0.06
-33.33%
-0.04
+25.00%
-0.06
-2.67%
-0.05
Net Long Term Debt Issuance
-0.06
-33.33%
-0.04
+25.00%
-0.06
-2.67%
-0.05
Net Common Stock Issuance
16.04
-24.90%
21.36
0.00
0.00
Proceeds From Stock Option Exercised
0.03
-80.70%
0.18
0.00
0.00
Net Other Financing Charges
-0.48
+82.01%
-2.65
Changes In Cash
-8.34
-33.60%
-6.24
+75.33%
-25.30
+7.49%
-27.35
Effect Of Exchange Rate Changes
-0.82
-143.60%
1.89
+148.03%
0.76
-73.90%
2.92
Beginning Cash Position
30.58
-12.46%
34.93
-41.26%
59.47
-29.12%
83.90
End Cash Position
21.42
-29.97%
30.58
-12.46%
34.93
-41.26%
59.47
Free Cash Flow
-23.88
+4.80%
-25.08
+0.64%
-25.24
+7.51%
-27.30
Common Stock Issuance
16.04
-24.90%
21.36
0.00
0.00
Issuance Of Capital Stock
16.04
-24.90%
21.36
0.00
0.00
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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