CBUS Cibus, Inc.

Overview and Growth

Cibus, Inc. generated $3.64M of revenue in fiscal 2025, with net loss of $127.08M and an operating cash outflow of $50.59M. Revenue of $3.64M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $4.26M in fiscal 2024, revenue decreased 14.6%, a top-line contraction that reduced operating scale. On a per-share basis, diluted EPS was -$2.78, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 45.76M, linking total earnings with the per-share result received by shareholders. Diluted shares moved 97.0% from 23.22M in fiscal 2024, leaving the current share base higher year over year. The company employed $305.05M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.01x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Operations produced a $97.53M operating loss before non-operating and tax effects. The company ended the period with a net loss of $127.08M, extending the operating result through all remaining items. The company reported negative EBITDA of $91.61M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The company reported a pretax loss of $132.17M, before the effect of income taxes. The company recognized $29.00K of income tax for the period, completing the transition from pretax income to net income. The net loss equaled 582.2% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 41.7%, placing the bottom-line deficit against the company’s resource base. The bottom-line deficit decreased from $251.39M in fiscal 2024 to $127.08M.

Liquidity and Capital Structure

The company held $305.05M of assets against $283.22M of liabilities and $21.83M of equity, revealing how the asset base was financed. Current assets were $12.07M against $16.86M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 0.72x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Reported cash and equivalents were $9.92M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 58.9% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $528.00K, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.02x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 0.2%, comparing borrowing with the total asset balance. The equity-to-assets relationship was 7.2%, placing book capital against the total resource base. Relative to total assets, liabilities measured 92.8%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 3.3%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $350.07M in fiscal 2024, the current asset base moved 12.9% and finished lower. Reported equity changed 76.3% from $92.16M in fiscal 2024, placing the current capital base lower year over year. The reported cash balance changed 31.2% from $14.43M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Operating activities used $50.59M of cash, resulting in an operating cash outflow for the year. The company spent $578.00K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. The company recorded a $51.17M cash deficit after capital spending for the period. The cash deficit after capital spending represented 16.8% of the period-end asset base. The operating cash outflow narrowed to $50.59M from $58.04M in fiscal 2024.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.