Cardiol Therapeutics Inc. (CRDL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Cardiol Therapeutics Inc. (CRDL) stock price & volume — 10-year historical chart
Cardiol Therapeutics Inc. (CRDL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Cardiol Therapeutics Inc. (CRDL) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 30, 2026 | $0.05vs $0.09+43.4% | — |
| Q4 2025 | Nov 13, 2025 | $0.09vs $0.09+0.0% | — |
| Q3 2025 | Aug 14, 2025 | $0.07vs $0.11+36.4% | — |
| Q2 2025 | May 13, 2025 | $0.10vs $0.13+23.1% | — |
Cardiol Therapeutics Inc. (CRDL) competitors in Cannabis and cannabinoid product companies — business model, growth, and fundamentals comparison
Cardiol Therapeutics Inc. (CRDL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Cardiol Therapeutics Inc. (CRDL) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 62.27K | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | -100% | - | - | - |
| Cost of Goods Sold | 53.34K | 91.49K | 116.11K | 180.17K | 174.26K | 162.23K | 187.38K | 0 | 33.7K |
| COGS % of Revenue | - | - | - | - | 279.87% | - | - | - | - |
| Gross Profit | -53.34K▲ 0% | -91.49K▼ 71.5% | -116.11K▼ 26.9% | -180.17K▼ 55.2% | -112K▲ 37.8% | -162.23K▼ 44.8% | -187.38K▼ 15.5% | 0▲ 100.0% | -33.7K▲ 0% |
| Gross Margin % | - | - | - | - | -179.87% | - | - | - | - |
| Gross Profit Growth % | - | -71.52% | -26.91% | -55.17% | 37.84% | -44.85% | -15.51% | 100% | - |
| Operating Expenses | 1.6M | 7.49M | 10.78M | 16.06M | 30.46M | 30.33M | 22.29M | 40.28M | 33.19M |
| OpEx % of Revenue | - | - | - | - | 48912.58% | - | - | - | - |
| Selling, General & Admin | 1.1M | 5.87M | 8.06M | 7.81M | 21.86M | 16.34M | 11.55M | 26.26M | 18.9M |
| SG&A % of Revenue | - | - | - | - | 35110.47% | - | - | - | - |
| Research & Development | 441.26K | 1.53M | 2.72M | 8.25M | 8.59M | 13.99M | 10.73M | 14.01M | 14.21M |
| R&D % of Revenue | - | - | - | - | 13802.1% | - | - | - | - |
| Other Operating Expenses | -60.56K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76.01K |
| Operating Income | -1.59M▲ 0% | -7.39M▼ 365.0% | -10.89M▼ 47.4% | -16.24M▼ 49.1% | -30.57M▼ 88.2% | -30.49M▲ 0.2% | -22.47M▲ 26.3% | -40.28M▼ 79.2% | -33.23M▲ 0% |
| Operating Margin % | - | - | - | - | -49092.44% | - | - | - | - |
| Operating Income Growth % | - | -365.01% | -47.42% | -49.07% | -88.22% | 0.25% | 26.3% | -79.22% | - |
| EBITDA | -1.54M | -7.3M | -10.78M | -16.06M | -30.39M | -30.33M | -22.29M | -40.11M | -33.12M |
| EBITDA Margin % | - | - | - | - | -48812.58% | - | - | - | - |
| EBITDA Growth % | - | -375.2% | -47.67% | -49% | -89.25% | 0.21% | 26.53% | -80% | 2.31% |
| D&A (Non-Cash Add-back) | 53.34K | 91.49K | 116.11K | 180.17K | 174.26K | 162.23K | 187.38K | 162.1K | 109.7K |
| EBIT | -1.56M | -6.58M | -10.55M | -16.2M | -25.01M | -22.82M | -21.22M | -40.28M | -31.75M |
| Net Interest Income | -54.44K | -560.07K | 188.78K | 60.11K | 106K | 1.24M | 2.04M | 1.19M | 857.97K |
| Interest Income | 6.12K | 103.31K | 245.42K | 60.11K | 106K | 1.24M | 2.04M | 1.19M | 857.97K |
| Interest Expense | 60.56K | 663.37K | 621 | - | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -71.61K | -8.5M | 342.2K | 38.87K | 5.56M | 7.68M | 1.25M | 3.6M | 937.56K |
| Pretax Income | -1.66M▲ 0% | -15.89M▼ 856.9% | -10.55M▲ 33.6% | -16.2M▼ 53.5% | -25.01M▼ 54.4% | -22.82M▲ 8.8% | -21.22M▲ 7.0% | -36.68M▼ 72.8% | -32.29M▲ 0% |
| Pretax Margin % | - | - | - | - | -40170.87% | - | - | - | - |
| Income Tax | 60.56K | 663.37K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -3.65% | -4.17% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -1.66M▲ 0% | -15.89M▼ 856.9% | -10.55M▲ 33.6% | -16.2M▼ 53.5% | -25.01M▼ 54.4% | -22.82M▲ 8.8% | -21.22M▲ 7.0% | -36.68M▼ 72.8% | -32.29M▲ 0% |
| Net Margin % | - | - | - | - | -40170.87% | - | - | - | - |
| Net Income Growth % | - | -856.92% | 33.61% | -53.53% | -54.39% | 8.78% | 6.99% | -72.82% | 0.61% |
| Net Income (Continuing) | -1.81M | -15.89M | -10.55M | -16.2M | -25.01M | -22.82M | -21.22M | -36.68M | -32.29M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.07▲ 0% | -0.66▼ 802.9% | -0.53▲ 19.7% | -0.69▼ 30.2% | -0.73▼ 5.8% | -0.49▲ 32.9% | -0.44▲ 10.2% | -0.51▼ 15.9% | -0.38▲ 0% |
| EPS Growth % | - | -802.87% | 19.7% | -30.19% | -5.8% | 32.88% | 10.2% | -15.91% | 17.9% |
| EPS (Basic) | -0.07 | -0.66 | -0.53 | -0.69 | -0.73 | -0.49 | -0.44 | -0.51 | - |
| Diluted Shares Outstanding | 22.71M | 24.2M | 25.82M | 29.86M | 43.22M | 62.51M | 64.46M | 71.57M | 84.73M |
| Basic Shares Outstanding | 22.71M | 24.2M | 25.82M | 29.86M | 43.22M | 62.51M | 64.46M | 71.57M | 84.73M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Cardiol Therapeutics Inc. (CRDL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.48M | 24.03M | 14.37M | 14.95M | 87.14M | 45.32M | 36.15M | 31.67M | 12.81M |
| Cash & Short-Term Investments | 2.36M | 16.73M | 6.96M | 14.03M | 83.9M | 43.87M | 34.93M | 30.58M | 11.62M |
| Cash Only | 2.36M | 16.73M | 6.96M | 14.03M | 83.9M | 43.83M | 34.93M | 30.58M | 11.62M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 45.65K | 0 | 0 | 0 |
| Accounts Receivable | 101.75K | 460.78K | 0 | 0 | 65.74K | 354.24K | 0 | 361.62K | 195.88K |
| Days Sales Outstanding | - | - | - | - | 385.35 | - | - | - | - |
| Inventory | 0 | 6.35M | 6.2M | 357.02K | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | 25.31K | 19.5K | 723.27 | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 927.87K | 219.92K | 341.39K | 0 | 279.87K | 0 | 0 |
| Total Non-Current Assets | 735.83K | 658.13K | 1.13M | 943.24K | 735.74K | 435.64K | 547.42K | 195.59K | 140.98K |
| Property, Plant & Equipment | 18.81K | 25.55K | 584.05K | 479.55K | 356.49K | 218.16K | 337.06K | 195.59K | 140.98K |
| Fixed Asset Turnover | - | - | - | - | 0.17x | - | - | - | 0.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 717.02K | 632.58K | 548.13K | 463.69K | 379.25K | 217.47K | 210.36K | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 3.22M▲ 0% | 24.68M▲ 666.4% | 15.5M▼ 37.2% | 15.89M▲ 2.5% | 87.88M▲ 452.9% | 45.76M▼ 47.9% | 36.7M▼ 19.8% | 31.86M▼ 13.2% | 12.95M▲ 0% |
| Asset Turnover | - | - | - | - | 0.00x | - | - | - | 0.00x |
| Asset Growth % | - | 666.45% | -37.2% | 2.52% | 452.92% | -47.93% | -19.8% | -13.18% | -81.72% |
| Total Current Liabilities | 176.71K | 2.14M | 690.55K | 2.52M | 11.57M | 7.23M | 8.3M | 7.01M | 3.29M |
| Accounts Payable | 165.41K | 1.99M | 561.29K | 1.77M | 4.14M | 6.16M | 7.62M | 6.98M | 0 |
| Days Payables Outstanding | 1.13K | 7.93K | 1.76K | 3.59K | 8.67K | 13.86K | 14.85K | - | 61.42K |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 37.21K | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 11.3K | 153.89K | 0 | 0 | 6.66M | 1.04M | 238.18K | 0 | 3.25M |
| Current Ratio | 14.06x | 11.22x | 20.81x | 5.94x | 7.53x | 6.27x | 4.36x | 4.52x | 4.52x |
| Quick Ratio | 14.06x | 8.26x | 11.83x | 5.80x | 7.53x | 6.27x | 4.36x | 4.52x | 4.52x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 190.04K | 269.22K | 140.28K | 104.65K | 72.87K | 16.54K | 158.53K | 125.52K | 97.27K |
| Long-Term Debt | 190.04K | 269.22K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 140.28K | 104.65K | 72.87K | 16.54K | 158.53K | 125.52K | 446.2K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 366.76K | 2.41M | 830.83K | 2.62M | 11.64M | 7.25M | 8.45M | 7.14M | 3.39M |
| Total Debt | 190.04K | 269.22K | 190.75K | 156.57K | 117.58K | 53.76K | 174.34K | 158.53K | 134.2K |
| Net Debt | -2.17M | -16.46M | -6.77M | -13.87M | -83.78M | -43.77M | -34.76M | -30.42M | -11.49M |
| Debt / Equity | 0.07x | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x | 0.01x | 0.01x | 0.01x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | -0.00x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | 0.35x |
| Interest Coverage | -26.24x | -11.14x | -17543.88x | - | - | - | - | - | - |
| Total Equity | 2.85M▲ 0% | 22.27M▲ 680.5% | 14.67M▼ 34.1% | 13.27M▼ 9.6% | 76.24M▲ 474.5% | 38.51M▼ 49.5% | 28.25M▼ 26.6% | 24.73M▼ 12.5% | 9.56M▲ 0% |
| Equity Growth % | - | 680.47% | -34.13% | -9.55% | 474.5% | -49.49% | -26.65% | -12.45% | -56.25% |
| Book Value per Share | 0.13 | 0.92 | 0.57 | 0.44 | 1.76 | 0.62 | 0.44 | 0.35 | 0.11 |
| Total Shareholders' Equity | 2.85M | 22.27M | 14.67M | 13.27M | 76.24M | 38.51M | 28.25M | 24.73M | 9.56M |
| Common Stock | 4.26M | 36.72M | 39.41M | 51.92M | 142.92M | 108.84M | 148.52M | 179.34M | 187.36M |
| Retained Earnings | -1.66M | -17.55M | -31.24M | -51.88M | -83.52M | -84.43M | -142.58M | -179.25M | -205.9M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 259.46K | 1.85M | 1.73M | 4.46M | 4.18M | 2.6M | 3.52M | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cardiol Therapeutics Inc. (CRDL) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.29M | -10.89M | -11.38M | -9.13M | -23.55M | -27.22M | -25.18M | -25.06M | -25.06M |
| Operating CF Margin % | - | - | - | - | -37822.25% | - | - | - | - |
| Operating CF Growth % | - | -743.06% | -4.46% | 19.78% | -157.97% | -15.58% | 7.49% | 0.47% | 25.72% |
| Net Income | -1.66M | -15.89M | -13.68M | -20.64M | -31.64M | -30.93M | -28.13M | -36.68M | -32.29M |
| Depreciation & Amortization | 53.34K | 91.49K | 150.57K | 229.54K | 220.42K | 219.91K | 248.35K | 373.11K | 124.5K |
| Stock-Based Compensation | 237 | 1.65M | 3.27M | 2.77M | 8.5M | 5.01M | 4.16M | 14.28M | 10.83M |
| Deferred Taxes | 0 | 7.88M | 0 | 0 | -4.92M | -9.16M | 0 | 0 | 0 |
| Other Non-Cash Items | 267.01K | 574.86K | 507.74K | 201.02K | 4.21M | 1.89M | -911.39K | -2.1M | -1.28M |
| Working Capital Changes | 48.38K | -5.2M | -1.62M | 8.32M | 76.52K | 5.75M | -545.88K | -931.57K | 887.8K |
| Change in Receivables | -101.75K | -359.03K | -467.09K | 707.95K | -59.95K | -144.18K | 200.32K | -81.75K | 70.83K |
| Change in Inventory | 0 | -6.35K | 142.58K | 1.1M | 17.97K | -4.47M | 0 | 0 | 0 |
| Change in Payables | 176.71K | 1.96M | 467.09K | 0 | 2.39M | 4.47M | 0 | 0 | 0 |
| Cash from Investing | -29.17K | -13.79K | -424.31K | -40.6K | -12.92K | -74.71K | -64.31K | -21.29K | -27.55K |
| Capital Expenditures | -29.17K | -13.79K | -424.31K | -40.6K | -12.92K | -74.71K | -64.31K | -21.29K | -27.55K |
| CapEx % of Revenue | - | - | - | - | 20.74% | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -7.23K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 3.68M | 25.28M | 2.03M | 16.3M | 93.44M | -53.93K | -55.38K | 18.84M | 18.68M |
| Debt Issued (Net) | 400K | 12.07M | -20.19K | -50.47K | -51.92K | -53.93K | -55.38K | -41.53K | -55.38K |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -120.55K | -1.02M | 382.15K | -904.51K | 9.41M | 0 | 0 | -2.47M | 18.74M |
| Net Change in Cash | 2.36M▲ 0% | 14.37M▲ 510.0% | -9.78M▼ 168.0% | 7.07M▲ 172.3% | 69.87M▲ 888.5% | -24.43M▼ 135.0% | -24.54M▼ 0.4% | -4.35M▲ 82.3% | -4.26M▲ 0% |
| Free Cash Flow | -1.32M▲ 0% | -10.91M▼ 725.5% | -11.8M▼ 8.2% | -9.17M▲ 22.3% | -23.56M▼ 157.0% | -27.3M▼ 15.8% | -25.24M▲ 7.5% | -25.08M▲ 0.6% | -24.25M▲ 0% |
| FCF Margin % | - | - | - | - | -37842.99% | - | - | - | - |
| FCF Growth % | - | -725.49% | -8.22% | 22.32% | -156.97% | -15.84% | 7.51% | 0.64% | 6.58% |
| FCF per Share | -0.06 | -0.45 | -0.46 | -0.31 | -0.55 | -0.44 | -0.39 | -0.35 | -0.35 |
| FCF Conversion (FCF/Net Income) | 0.78x | 0.69x | 1.08x | 0.56x | 0.94x | 1.19x | 1.19x | 0.68x | 0.75x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cardiol Therapeutics Inc. (CRDL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -126.5% | -57.12% | -115.96% | -55.89% | -39.77% | -63.58% | -138.47% | -337.72% |
| Return on Invested Capital (ROIC) | -170.57% | -119.13% | -333.33% | - | - | - | - | 513.31% |
| Gross Margin | - | - | - | -179.87% | - | - | - | - |
| Net Margin | - | - | - | -40170.87% | - | - | - | - |
| Debt / Equity | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x | 0.01x | 0.01x | 0.01x |
| Interest Coverage | -11.14x | -17543.88x | - | - | - | - | - | - |
| FCF Conversion | 0.69x | 1.08x | 0.56x | 0.94x | 1.19x | 1.19x | 0.68x | 0.75x |
| Revenue Growth | - | - | - | - | -100% | - | - | - |
Cardiol Therapeutics Inc. (CRDL) stock FAQ — growth, dividends, profitability & financials explained
Cardiol Therapeutics Inc. (CRDL) grew revenue by 0.0% over the past year. Growth has been modest.
Cardiol Therapeutics Inc. (CRDL) reported a net loss of $32.3M for fiscal year 2024.
Cardiol Therapeutics Inc. (CRDL) has a return on equity (ROE) of -138.5%. Negative ROE indicates the company is unprofitable.
Cardiol Therapeutics Inc. (CRDL) had negative free cash flow of $24.3M in fiscal year 2024, likely due to heavy capital investments.
Cardiol Therapeutics Inc. (CRDL) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates