vs

Side-by-side financial comparison of Bone Biologics Corp (BBLG) and Cingulate Inc. (CING). Click either name above to swap in a different company.

Cingulate Inc. runs the higher net margin — 3639.3% vs -339596.1%, a 343235.4% gap on every dollar of revenue. On growth, Bone Biologics Corp posted the faster year-over-year revenue change (-54.1% vs -3815.6%).

Bone Biologics Corp is a clinical-stage biotechnology firm focused on developing orthobiologic products to boost bone regeneration and healing for orthopedic surgery patients, including spinal fusion recipients. It mainly operates in the U.S. healthcare market, targeting orthopedic care and regenerative medicine segments.

Cingulate Inc. is a clinical-stage biopharmaceutical company dedicated to developing innovative therapies for central nervous system disorders, including attention-deficit/hyperactivity disorder, anxiety and depression. It primarily operates in the U.S. market, focusing on advancing its proprietary precision drug delivery platform to improve patient outcomes across psychiatric and neurological care segments.

BBLG vs CING — Head-to-Head

Bigger by revenue
BBLG
BBLG
-0.0× larger
BBLG
$255
$-136.9K
CING
Growing faster (revenue YoY)
BBLG
BBLG
+3761.5% gap
BBLG
-54.1%
-3815.6%
CING
Higher net margin
CING
CING
343235.4% more per $
CING
3639.3%
-339596.1%
BBLG

Income Statement — Q1 FY2024 vs Q2 FY2025

Metric
BBLG
BBLG
CING
CING
Revenue
$255
$-136.9K
Net Profit
$-866.0K
$-5.0M
Gross Margin
Operating Margin
-354327.8%
3395.9%
Net Margin
-339596.1%
3639.3%
Revenue YoY
-54.1%
-3815.6%
Net Profit YoY
76.7%
-54.3%
EPS (diluted)
$-1.31
$-1.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BBLG
BBLG
CING
CING
Q2 25
$-136.9K
Q1 25
$-96.8K
Q2 24
$-3.5K
Q1 24
$255
$-24.3K
Q4 23
$348
Q3 23
$536
Q2 23
$428
Q1 23
$556
Net Profit
BBLG
BBLG
CING
CING
Q2 25
$-5.0M
Q1 25
$-3.9M
Q2 24
$-3.2M
Q1 24
$-866.0K
$-3.0M
Q4 23
$-1.5M
Q3 23
$-1.9M
Q2 23
$-1.8M
Q1 23
$-3.7M
Operating Margin
BBLG
BBLG
CING
CING
Q2 25
3395.9%
Q1 25
3829.2%
Q2 24
91683.7%
Q1 24
-354327.8%
12152.6%
Q4 23
-333335.6%
Q3 23
-388225.7%
Q2 23
-710249.5%
Q1 23
-566103.8%
Net Margin
BBLG
BBLG
CING
CING
Q2 25
3639.3%
Q1 25
3980.7%
Q2 24
92375.9%
Q1 24
-339596.1%
12252.6%
Q4 23
-445369.3%
Q3 23
-358154.7%
Q2 23
-413373.4%
Q1 23
-667248.0%
EPS (diluted)
BBLG
BBLG
CING
CING
Q2 25
$-1.09
Q1 25
$-1.04
Q2 24
$-5.47
Q1 24
$-1.31
$-7.21
Q4 23
$31.30
Q3 23
$-4.90
Q2 23
$-5.21
Q1 23
$-55.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BBLG
BBLG
CING
CING
Cash + ST InvestmentsLiquidity on hand
$8.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.7M
$5.5M
Total Assets
$3.8M
$13.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBLG
BBLG
CING
CING
Q2 25
$8.9M
Q1 25
$9.5M
Q2 24
$380.9K
Q1 24
$1.1M
Q4 23
Q3 23
Q2 23
Q1 23
$6.2M
Stockholders' Equity
BBLG
BBLG
CING
CING
Q2 25
$5.5M
Q1 25
$5.9M
Q2 24
$3.1M
Q1 24
$3.7M
$3.2M
Q4 23
$2.9M
Q3 23
$3.8M
Q2 23
$5.7M
Q1 23
$2.8M
Total Assets
BBLG
BBLG
CING
CING
Q2 25
$13.5M
Q1 25
$12.5M
Q2 24
$5.1M
Q1 24
$3.8M
$5.5M
Q4 23
$3.7M
Q3 23
$5.0M
Q2 23
$7.6M
Q1 23
$6.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BBLG
BBLG
CING
CING
Operating Cash FlowLast quarter
$-1.3M
$-4.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBLG
BBLG
CING
CING
Q2 25
$-4.8M
Q1 25
$-4.6M
Q2 24
$-1.7M
Q1 24
$-1.3M
$-8.7M
Q4 23
$-2.0M
Q3 23
$-2.6M
Q2 23
$-3.6M
Q1 23
$-1.3M
Free Cash Flow
BBLG
BBLG
CING
CING
Q2 25
Q1 25
Q2 24
$-1.8M
Q1 24
$-8.8M
Q4 23
Q3 23
Q2 23
Q1 23
FCF Margin
BBLG
BBLG
CING
CING
Q2 25
Q1 25
Q2 24
51892.1%
Q1 24
36388.6%
Q4 23
Q3 23
Q2 23
Q1 23
Capex Intensity
BBLG
BBLG
CING
CING
Q2 25
Q1 25
Q2 24
-2076.8%
Q1 24
-336.0%
Q4 23
Q3 23
Q2 23
Q1 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons