CDTX Stock - Cidara Therapeutics, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.27M | $23.28M | $64.45M | $49.57M | $12.07M |
| Gross Profit | $1.27M | $-13,480,000 | $64.45M | $-23,515,000 | $12.07M |
| Gross Margin | 100.0% | -57.9% | 100.0% | -47.4% | 100.0% |
| Operating Income | $-176,102,000 | $-27,060,000 | $-33,503,000 | $-42,255,000 | $-71,849,000 |
| Net Income | $-169,827,000 | $-22,931,000 | $-33,584,000 | $-42,467,000 | $-72,111,000 |
| Net Margin | -13319.8% | -98.5% | -52.1% | -85.7% | -597.6% |
| EPS | $-26.75 | $-5.25 | $-9.61 | $-16.20 | $-36.03 |
Cidara Therapeutics, Inc., a biotechnology company, focuses on the discovery, development, and commercialization of long-acting anti-infectives for the treatment and prevention of infectious diseases and oncology in the United States. The company's lead product candidate is rezafungin acetate, a novel molecule in the echinocandin class of antifungals for the treatment and prevention of invasive fungal infections, including candidemia and invasive candidiasis, which are fungal infections associated with high mortality rates. It also advances its Cloudbreak platform to develop conjugates for the prevention and treatment of influenza and other viral infections, such as RSV, HIV, and the SARS-CoV-2 strains causing COVID-19. The company was formerly known as K2 Therapeutics, Inc. and changed its name to Cidara Therapeutics, Inc. in July 2014. Cidara Therapeutics, Inc. was incorporated in 2012 and is based in San Diego, California.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 17th 2025 | RBC Capital Mkts | Downgrade | Sector Perform | - |
| November 17th 2025 | JP Morgan | Downgrade | Neutral | - |
| November 17th 2025 | Morgan Stanley | Downgrade | Equal Weight | - |
| October 16th 2025 | Morgan Stanley | Initiation | Overweight | $190 |
| October 10th 2025 | JP Morgan | Initiation | Overweight | $200 |
| June 18th 2025 | H.C. Wainwright | Resumed | Buy | $41 |
| March 12th 2025 | Citizens JMP | Initiation | Mkt Outperform | $46 |
| January 27th 2025 | Cantor Fitzgerald | Resumed | Overweight | - |
| December 13th 2024 | RBC Capital Mkts | Initiation | Outperform | $34 |
| November 8th 2024 | Guggenheim | Initiation | Buy | $33 |
| August 14th 2024 | H.C. Wainwright | Upgrade | Buy | $24 |
Earnings History & Surprises
CDTXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Mar 5, 2026 | $-1.36 | — | — | — |
Q4 2025 | Nov 6, 2025 | $-1.34 | $-1.43 | -6.7% | ✗ MISS |
Q3 2025 | Aug 7, 2025 | $-1.87 | $-1.65 | +11.8% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $-5.45 | $-1.66 | +69.5% | ✓ BEAT |
Q1 2025 | Mar 6, 2025 | $-5.28 | $-5.38 | -1.9% | ✗ MISS |
Q4 2024 | Nov 7, 2024 | $-5.22 | $-2.38 | +54.4% | ✓ BEAT |
Q3 2024 | Aug 13, 2024 | $-3.94 | $-2.05 | +48.0% | ✓ BEAT |
Q2 2024 | Apr 22, 2024 | $-0.20 | $-0.80 | -300.0% | ✗ MISS |
Q1 2024 | Mar 28, 2024 | $-0.10 | $-0.19 | -90.0% | ✗ MISS |
Q4 2023 | Nov 2, 2023 | $-2.80 | $-1.80 | +35.7% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $-1.60 | $-2.80 | -75.0% | ✗ MISS |
Q2 2023 | May 11, 2023 | $1.20 | $0.60 | -50.0% | ✗ MISS |
Q1 2023 | Mar 23, 2023 | $-0.20 | $-3.80 | -1800.0% | ✗ MISS |
Q4 2022 | Nov 3, 2022 | $6.00 | $3.40 | -43.3% | ✗ MISS |
Q3 2022 | Aug 9, 2022 | $-5.60 | $-3.80 | +32.1% | ✓ BEAT |
Q2 2022 | May 11, 2022 | $-5.20 | $-5.40 | -3.8% | ✗ MISS |
Q1 2022 | Mar 7, 2022 | $-6.60 | $-5.20 | +21.2% | ✓ BEAT |
Q4 2021 | Nov 10, 2021 | $-7.40 | $-7.40 | 0.0% | = MET |
Q3 2021 | Aug 12, 2021 | $-5.40 | $3.60 | +166.7% | ✓ BEAT |
Latest News
Reported Earlier: 'Merck Seeks Up to $8 Billion in US Bond Sale Tied to Cidara Deal' - Bloomberg News
➖ NeutralCidara Therapeutics Reaches Target Enrollment Of Phase 3 ANCHOR Trial Evaluating CD388
📈 PositiveGuggenheim Downgrades Cidara Therapeutics to Neutral
➖ NeutralHC Wainwright & Co. Downgrades Cidara Therapeutics to Neutral
➖ NeutralNeedham Downgrades Cidara Therapeutics to Hold
➖ NeutralCidara Therapeutics shares are trading higher after Merck agreed to acquire the company for $221.50 per share in a $9.2 billion cash deal.
📈 PositiveMerck Bulks Up Respiratory Portfolio With Cidara's Late-Phase, Strain-Agnostic Influenza Antiviral Cd388
📈 PositiveMerck To Acquire Cidara Therapeutics For $221.50 Per Share In Approximately $9.2B Cash Deal
📈 PositiveFinancial Times Reported Merck Nears $9.2B Deal For Cidara
📈 Positive'Merck Nears $9.2Bn Deal For Flu-Prevention Biotech Cidara' - FT
📈 PositiveMerck seen nearing acquisition of Cidara Therapeutics in deal potentially above $3.3 billion
📈 PositiveRBC Capital Maintains Outperform on Cidara Therapeutics, Raises Price Target to $145
📈 PositiveNeedham Maintains Buy on Cidara Therapeutics, Raises Price Target to $135
📈 PositiveUPDATE: Cidara Therapeutics Q3 Adj. EPS $(1.43) Misses $(1.35) Estimate
📉 NegativeCidara Therapeutics Q3 EPS $(3.10) Misses $(1.33) Estimate
📉 NegativeCidara Therapeutics Presents Data On CD388 Candidate At European Scientific Working Group On Influenza In Spain
➖ NeutralHC Wainwright & Co. Reiterates Buy on Cidara Therapeutics, Maintains $150 Price Target
📈 PositiveCidara Therapeutics Releases New Phase 2b Clinical Data From Its Navigate Study Showing Its Influenza Preventative Candidate CD388 Demonstrated Up To 76.1% Efficacy Against Influenza A And B In Healthy, Unvaccinated Adults
📈 PositiveMorgan Stanley Initiates Coverage On Cidara Therapeutics with Overweight Rating, Announces Price Target of $190
📈 PositiveCidara Therapeutics shares are trading higher after the company announced it will present CD388 NAVIGATE Phase 2b influenza data at ESWI 2025. Also, JP Morgan initiated coverage on the stock with an Overweight rating and announced a $200 price target.
📈 PositiveFrequently Asked Questions about CDTX
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