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- CG Oncology
CG Oncology Valuation Multiples
Discover revenue and EBITDA valuation multiples for CG Oncology and similar public comparables like Dottikon ES Holding, ABL Bio, Alkermes, Kolon TissueGene and more.
CG Oncology Overview
About CG Oncology
CG Oncology Inc is a late-stage clinical biopharmaceutical company focused on developing and commercializing a potential backbone bladder-sparing therapeutic for patients afflicted with bladder cancer. The company's candidate, cretostimogene grenadenorepvec, is a targeted oncolytic intravesically delivered immunotherapy agent that is in two phase three trials (one high-risk BCG unresponsive NMIBC trial and one intermediate-risk NMIBC trial) and a phase two clinical study with a checkpoint inhibitor for high-risk BCG unresponsive NMIBC disease.
Founded
2010
HQ

Employees
113
Website
Sectors
Financials (LTM)
EV
$5B
CG Oncology Financials
CG Oncology reported last 12-month revenue of $7M and negative EBITDA of ($203M).
In the same LTM period, CG Oncology generated $3M in gross profit, ($203M) in EBITDA losses, and had net loss of ($173M).
Revenue (LTM)
CG Oncology P&L
In the most recent fiscal year, CG Oncology reported revenue of $4M and EBITDA of ($189M).
CG Oncology expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7M | XXX | $4M | XXX | XXX | XXX |
| Gross Profit | $3M | XXX | ($607K) | XXX | XXX | XXX |
| Gross Margin | 47% | XXX | (15%) | XXX | XXX | XXX |
| EBITDA | ($203M) | XXX | ($189M) | XXX | XXX | XXX |
| EBITDA Margin | (2962%) | XXX | (4686%) | XXX | XXX | XXX |
| EBIT Margin | (2956%) | XXX | (4722%) | XXX | XXX | XXX |
| Net Profit | ($173M) | XXX | ($161M) | XXX | XXX | XXX |
| Net Margin | (2520%) | XXX | (3985%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
CG Oncology Stock Performance
CG Oncology has current market cap of $6B, and enterprise value of $5B.
Market Cap Evolution
CG Oncology's stock price is $68.57.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $6B | -0.4% | XXX | XXX | XXX | $-1.91 |
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Start Free TrialCG Oncology Valuation Multiples
CG Oncology trades at 737.4x EV/Revenue multiple, and (24.9x) EV/EBITDA.
EV / Revenue (LTM)
CG Oncology Financial Valuation Multiples
As of April 11, 2026, CG Oncology has market cap of $6B and EV of $5B.
Equity research analysts estimate CG Oncology's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CG Oncology has a P/E ratio of (33.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 737.4x | XXX | 1251.1x | XXX | XXX | XXX |
| EV/EBITDA | (24.9x) | XXX | (26.7x) | XXX | XXX | XXX |
| EV/EBIT | (24.9x) | XXX | (26.5x) | XXX | XXX | XXX |
| EV/Gross Profit | 1564.6x | XXX | (8327.2x) | XXX | XXX | XXX |
| P/E | (33.5x) | XXX | (36.0x) | XXX | XXX | XXX |
| EV/FCF | (29.8x) | XXX | (38.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified CG Oncology Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


CG Oncology Margins & Growth Rates
CG Oncology's revenue in the last 12 month grew by 615%.
CG Oncology's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $1.7M for the same period.
CG Oncology's rule of 40 is (1410%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CG Oncology's rule of X is (1029%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
CG Oncology Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 615% | XXX | 254% | XXX | XXX | XXX |
| EBITDA Margin | (2962%) | XXX | (4686%) | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 26% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (1410%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (1029%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.7M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1222% | XXX | 1820% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1788% | XXX | 2889% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 4707% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
CG Oncology Public Comps
See public comps and valuation multiples for other Biopharmaceuticals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Dottikon ES Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| ABL Bio | XXX | XXX | XXX | XXX | XXX | XXX |
| Alkermes | XXX | XXX | XXX | XXX | XXX | XXX |
| Kolon TissueGene | XXX | XXX | XXX | XXX | XXX | XXX |
| PTC Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
CG Oncology M&A Activity
CG Oncology acquired XXX companies to date.
Last acquisition by CG Oncology was on XXXXXXXX, XXXXX. CG Oncology acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by CG Oncology
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCG Oncology Investment Activity
CG Oncology invested in XXX companies to date.
CG Oncology made its latest investment on XXXXXXXX, XXXXX. CG Oncology invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by CG Oncology
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout CG Oncology
| When was CG Oncology founded? | CG Oncology was founded in 2010. |
| Where is CG Oncology headquartered? | CG Oncology is headquartered in United States. |
| How many employees does CG Oncology have? | As of today, CG Oncology has over 113 employees. |
| Who is the CEO of CG Oncology? | CG Oncology's CEO is Arthur Kuan. |
| Is CG Oncology publicly listed? | Yes, CG Oncology is a public company listed on Nasdaq. |
| What is the stock symbol of CG Oncology? | CG Oncology trades under CGON ticker. |
| When did CG Oncology go public? | CG Oncology went public in 2024. |
| Who are competitors of CG Oncology? | CG Oncology main competitors are Dottikon ES Holding, ABL Bio, Alkermes, Kolon TissueGene. |
| What is the current market cap of CG Oncology? | CG Oncology's current market cap is $6B. |
| What is the current revenue of CG Oncology? | CG Oncology's last 12 months revenue is $7M. |
| What is the current revenue growth of CG Oncology? | CG Oncology revenue growth (NTM/LTM) is 615%. |
| What is the current EV/Revenue multiple of CG Oncology? | Current revenue multiple of CG Oncology is 737.4x. |
| Is CG Oncology profitable? | No, CG Oncology is not profitable. |
| What is the current EBITDA of CG Oncology? | CG Oncology has negative EBITDA and is not profitable. |
| What is CG Oncology's EBITDA margin? | CG Oncology's last 12 months EBITDA margin is (2962%). |
| What is the current EV/EBITDA multiple of CG Oncology? | Current EBITDA multiple of CG Oncology is (24.9x). |
| What is the current FCF of CG Oncology? | CG Oncology's last 12 months FCF is ($170M). |
| What is CG Oncology's FCF margin? | CG Oncology's last 12 months FCF margin is (2474%). |
| What is the current EV/FCF multiple of CG Oncology? | Current FCF multiple of CG Oncology is (29.8x). |
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