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CytoDyn (CYDY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

CytoDyn
OTC Markets OTCQB•Healthcare•Biotechnology
$0.200.00(0.00%)Pre-market
Market Cap
$291.48M

CytoDyn Inc., a clinical-stage biotechnology company, develops treatments for multiple therapeutic indications. It is involved in the clinical development of leronlimab, a novel humanized monoclonal antibody targeting the C-C chemokine receptor type 5 receptor in the areas of COVID-19. The company's leronlimab is currently under phase 2 development for the treatment of micro-satellite stable colorectal cancer, and solid tumors in oncology, such as metastatic triple-negative breast cancer. It has a collaboration with Creatv Bio. The company was formerly known as RexRay Corporation. CytoDyn Inc. was incorporated in 2002 and is based in Vancouver, Washington.

D

How this company scores

WeakMetricSide Score: 24/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Balance Sheet & Red Flags (8/25); weakest: Growth (4/25).

Profitability7/25
Growth4/25
Balance Sheet & Red Flags8/25
Cash & Earnings Quality5/25
Strengths
Improving margins
Grade capped at D
  • Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 112.4x5y range 112.4x – 112.4x
P/E 112.4x
P/S · 1855.8x5y range 1.3x – 20520.8x
P/S 1855.8x · near its 5-quarter median

Currently near its 5-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 499.3% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $291.48M

Metrics at a Glance

as of May 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$0
Q. Revenue
$0
TTM EBITDA
$-38.56M
4Q
TTM Op. Income
$-38.58M
4Q
Q. Op. Income
$-5.64M
2Q
TTM Net Income
$-42.70M
1240%
Q. Net Income
$-9.86M
66%
EPS
$-0.007
50%
Shares Out.
$1.37B
7Q
$0 in TTM revenue was flat at zero YoY, reaching $0 last quarter. TTM EBITDA of $-38.56M and TTM operating income of $-38.58M show growth is flowing through to the bottom line. However, net income is negative at $42.70M — growth is not yet reaching the bottom line.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
N/A
Op. Margin
-563900000.0%
2Q
Net Margin
-986200000.0%
66%
Op. margin of -563900000.0% is down 57300000.0% YoY — costs are rising relative to revenue. Net margin at -986200000.0% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
N/A
P/B Ratio
N/A
P/S of 0.0x and P/B of 0.0x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$13.97M
23%
Cash
$11.85M
0%
Long-Term Debt
$38.34M
6Q
Book Value
$-109.72M
14%
D/E Ratio
N/A
Debt/EBITDA
N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-4.93M
13%
TTM Free Cash Flow
$-17.25M
97%
FCF Margin
N/A
FCF / Net Income
0.4
117%
TTM FCF of $-17.25M on $-4.93M in operating cash flow. The FCF / Net Income ratio of 0.4x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 97% — an improving trend.

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Cash Burn

Red Flag

The last 7 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Red Flag

Shares outstanding increased 20.6% — significant dilution, likely from stock compensation or capital raises.