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Side-by-side financial comparison of Cingulate Inc. (CING) and Ernexa Therapeutics Inc. (ERNA). Click either name above to swap in a different company.

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.

Ernexa Therapeutics Inc. is a US-based clinical-stage biotechnology company focused on developing novel targeted therapies for rare neuroendocrine, metabolic, and related rare diseases with high unmet medical needs. It operates in the biopharmaceutical sector, prioritizing advancement of treatment candidates for underserved patient populations.

CING vs ERNA — Head-to-Head

Bigger by revenue
ERNA
ERNA
-0.0× larger
ERNA
$1.0K
$-136.9K
CING

Income Statement — Q2 FY2025 vs Q4 FY2024

Metric
CING
CING
ERNA
ERNA
Revenue
$-136.9K
$1.0K
Net Profit
$-5.0M
Gross Margin
100.0%
Operating Margin
3395.9%
Net Margin
3639.3%
Revenue YoY
-3815.6%
Net Profit YoY
-54.3%
6.4%
EPS (diluted)
$-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
CING
CING
ERNA
ERNA
Q2 25
$-136.9K
Q1 25
$-96.8K
Q4 24
$1.0K
Q3 24
$487.0K
Q2 24
$-3.5K
$47.0K
Q1 24
$-24.3K
$47.0K
Q3 23
$51.0K
Q1 23
$0
Net Profit
CING
CING
ERNA
ERNA
Q2 25
$-5.0M
Q1 25
$-3.9M
Q4 24
Q3 24
$-26.6M
Q2 24
$-3.2M
$-5.5M
Q1 24
$-3.0M
$-6.6M
Q3 23
$-5.6M
Q1 23
$-5.4M
Gross Margin
CING
CING
ERNA
ERNA
Q2 25
Q1 25
Q4 24
100.0%
Q3 24
Q2 24
Q1 24
Q3 23
Q1 23
Operating Margin
CING
CING
ERNA
ERNA
Q2 25
3395.9%
Q1 25
3829.2%
Q4 24
Q3 24
-463.9%
Q2 24
91683.7%
-10491.5%
Q1 24
12152.6%
-12312.8%
Q3 23
-10794.1%
Q1 23
Net Margin
CING
CING
ERNA
ERNA
Q2 25
3639.3%
Q1 25
3980.7%
Q4 24
Q3 24
-5462.8%
Q2 24
92375.9%
-11763.8%
Q1 24
12252.6%
-14142.6%
Q3 23
-10962.7%
Q1 23
EPS (diluted)
CING
CING
ERNA
ERNA
Q2 25
$-1.09
Q1 25
$-1.04
Q4 24
Q3 24
$-73.70
Q2 24
$-5.47
$-15.34
Q1 24
$-7.21
$-1.23
Q3 23
$-1.03
Q1 23
$-1.06

Balance Sheet & Financial Strength

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

Metric
CING
CING
ERNA
ERNA
Cash + ST InvestmentsLiquidity on hand
$8.9M
$1.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.5M
$1.7M
Total Assets
$13.5M
$5.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CING
CING
ERNA
ERNA
Q2 25
$8.9M
Q1 25
$9.5M
Q4 24
$1.7M
Q3 24
$4.3M
Q2 24
$380.9K
$2.6M
Q1 24
$1.1M
$5.1M
Q3 23
$4.6M
Q1 23
$5.4M
Stockholders' Equity
CING
CING
ERNA
ERNA
Q2 25
$5.5M
Q1 25
$5.9M
Q4 24
$1.7M
Q3 24
$-45.4M
Q2 24
$3.1M
$-8.5M
Q1 24
$3.2M
$-3.4M
Q3 23
$3.6M
Q1 23
$7.4M
Total Assets
CING
CING
ERNA
ERNA
Q2 25
$13.5M
Q1 25
$12.5M
Q4 24
$5.3M
Q3 24
$7.7M
Q2 24
$5.1M
$46.5M
Q1 24
$5.5M
$49.7M
Q3 23
$52.2M
Q1 23
$15.1M

Cash Flow & Capital Efficiency

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

Metric
CING
CING
ERNA
ERNA
Operating Cash FlowLast quarter
$-4.8M
$-15.8M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-1620500.0%
Capex IntensityCapex / Revenue
36900.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-28.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CING
CING
ERNA
ERNA
Q2 25
$-4.8M
Q1 25
$-4.6M
Q4 24
$-15.8M
Q3 24
$-6.3M
Q2 24
$-1.7M
$-2.3M
Q1 24
$-8.7M
$-3.7M
Q3 23
$-5.8M
Q1 23
$-6.0M
Free Cash Flow
CING
CING
ERNA
ERNA
Q2 25
Q1 25
Q4 24
$-16.2M
Q3 24
$-6.3M
Q2 24
$-1.8M
$-2.5M
Q1 24
$-8.8M
$-3.8M
Q3 23
Q1 23
FCF Margin
CING
CING
ERNA
ERNA
Q2 25
Q1 25
Q4 24
-1620500.0%
Q3 24
-1294.5%
Q2 24
51892.1%
-5336.2%
Q1 24
36388.6%
-8187.2%
Q3 23
Q1 23
Capex Intensity
CING
CING
ERNA
ERNA
Q2 25
Q1 25
Q4 24
36900.0%
Q3 24
3.9%
Q2 24
-2076.8%
529.8%
Q1 24
-336.0%
214.9%
Q3 23
0.0%
Q1 23

Financial Flow Comparison

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

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