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Cardiff Oncology (CRDF) AI Stock Analysis

CRDF

Cardiff Oncology

(NASDAQ:CRDF)

Select Model
Rating:43Neutral
Price Target:$0.84â–¼(-5.06% Downside)
Action:reiterated
Date:10/28/26

The score is driven primarily by weak financial performance—large ongoing losses and substantial negative operating/free cash flow—partly offset by very low debt levels. Technicals also weigh on the score, with the stock trading below major moving averages and bearish momentum indicators. Corporate events provide some support via legal resolution and operational progress, but the expanded authorized share count reinforces dilution/financing risk, and valuation metrics are not meaningfully positive given the negative P/E and no dividend.

Positive Factors
Low LeverageExtremely low leverage limits debt-servicing pressure and preserves financial flexibility for a development-stage biotechnology company. This gives Cardiff more room to direct available capital toward clinical programs and reduces solvency risk, although it does not remove the need for future funding.
Negative Factors
Persistent Cash BurnSustained negative operating and free cash flow means Cardiff is consuming capital to fund research and clinical development rather than internally financing operations. Continued burn increases dependence on external funding and could constrain the pace or scope of programs if financing conditions become less favorable.

Cardiff Oncology (CRDF) vs. SPDR S&P 500 ETF (SPY)

-75%-50%-25%0%25%50%CRDF-59.95%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
$69.21M
Dividend Yield
―
Average Volume (3M)
661.38K
Price to Earnings (P/E)
-1.5
Beta (1Y)
1.28
Revenue Growth
-6.96%
EPS Growth
32.77%
Country
US
Employees
31
Sector
Healthcare
Sector Strength
51
Industry
Biotechnology

Cardiff Oncology Business Overview & Revenue Model

Company Description

Cardiff Oncology, Inc., a clinical-stage biotechnology company, develops novel therapies for the treatment of various cancers in the United States. Its lead drug candidate is Onvansertib, an oral and selective polo-like kinase 1 inhibitor for treatin...

Cardiff Oncology Earnings Call Summary

Earnings Call Date:Feb 26, 2025(Q4-2024)|% Change Since:-78.10%|Next Earnings Date:Oct 28, 2026
Earnings Call SentimentPositive

The earnings call highlighted strong initial clinical data, successful capital raising efforts, and a solid financial position. However, some dependency on future FDA meetings and the early stage of PFS data might pose challenges. Overall, the sentiment is optimistic with clear progress, yet some uncertainties remain.

Positive Updates

Encouraging Initial Data from CRDF-004 Trial
The trial showed a 64% ORR for patients on the 30 mg dose of onvansertib, compared to a 33% ORR in the control arm, indicating a strong efficacy signal.

Negative Updates

Pending FDA Discussions
While progress has been made, key decisions regarding dose selection and trial design depend on future FDA meetings, which could impact timelines.

Company Guidance

During the Cardiff Oncology Fourth Quarter 2024 Financial Results and Business Update Conference Call, guidance was provided on several key metrics and future plans for the company. The company highlighted an initial data set from the CRDF-004 trial, which showed a 64% overall response rate (ORR) for patients on the 30 mg dose of onvansertib, compared to 33% in the control arm. The trial focuses on first-line RAS-mutated metastatic colorectal cancer (mCRC), and aims to complete enrollment of 90 evaluable patients in early 2025. The company plans to release additional clinical data in the first half of 2025. Financially, Cardiff Oncology reported $91.7 million in cash and short-term investments as of December 31, 2024, following a $40 million capital raise. The company projects that these resources will support operations into the first quarter of 2027, with a quarterly cash burn of $10.3 million in Q4 2024. Additionally, Cardiff Oncology strengthened its intellectual property portfolio with a new patent for onvansertib, expected to expire no earlier than 2043.

Cardiff Oncology Financial Statement Overview

Summary

Financials reflect a development-stage biotech profile: minimal and slightly declining TTM revenue (~$0.5M, -3.2% TTM) alongside very large losses (TTM net loss ~$40.1M; net margin ~-78.8%) and significant cash burn (operating and free cash flow about -$40.9M). The main offset is low leverage (total debt ~$0.46M; debt-to-equity ~0.02), but equity erosion and ongoing negative cash flow increase financing/dilution risk.

Income Statement

18Very Negative

Balance Sheet

62Positive

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue508.00K593.00K683.00K488.00K386.00K359.00K
Gross Profit508.00K593.00K683.00K488.00K386.00K359.00K
EBITDA-38.89M-44.95M-45.03M-41.04M-38.47M-27.84M
Net Income-40.05M-45.85M-45.43M-41.44M-38.70M-28.29M
Balance Sheet
Total Assets37.33M61.88M97.19M81.64M116.19M149.54M
Cash, Cash Equivalents and Short-Term Investments34.52M58.30M91.75M74.82M105.27M140.82M
Total Debt457.00K832.00K1.52M2.15M2.71M3.12M
Total Liabilities10.80M16.50M14.24M11.90M9.85M9.13M
Stockholders Equity26.53M45.39M82.95M69.74M106.34M140.42M
Cash Flow
Free Cash Flow-40.92M-37.97M-37.77M-31.47M-34.71M-23.25M
Operating Cash Flow-40.85M-37.92M-37.69M-30.89M-33.82M-23.04M
Investing Cash Flow36.44M1.34M13.73M36.20M38.15M-131.45M
Financing Cash Flow2.83M2.58M53.78M075.00K35.45M

Cardiff Oncology Technical Analysis

Technical Analysis SentimentNegative
Last Price0.89

Price Trends

50DMA1.08Negative
100DMA1.09Negative
200DMA1.44Negative

Market Momentum

MACD-0.07Positive
RSI39.13Neutral
STOCH58.69Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRDF, the sentiment is Negative. The current price of 0.89 is below the 20-day moving average (MA) of 0.96, below the 50-day MA of 1.08, and below the 200-day MA of 1.44, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 39.13 is Neutral, neither overbought nor oversold. The STOCH value of 58.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CRDF.

Cardiff Oncology Risk Analysis

Cardiff Oncology disclosed 64 risk factors in its most recent earnings report. Cardiff Oncology reported the most risks in the "Tech & Innovation" category.

Higher RiskSector Avg.Lower RiskFinance & CorporateTech & InnovationLegal & RegulatoryProductionAbility to SellMacro & Political
Tech & Innovation - Risks related to the company’s reliance on technology and ability to make innovative products

Latest Risks Added

3 New Risks
1.We May Need to Established Financial Reserves That May Prove InadequateQ2, 2026
2.We May Not Be Able to Obtain or Maintain Permanent or Preliminary Injunctive ReliefQ2, 2026
3.We May Be Unable to Obtain Replacement License Rights on Acceptable TermsQ2, 2026

Cardiff Oncology Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

CRDF against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
ONCYONCY45Neutral$54.24M-1.731020.21%――2.05%
PYXSPYXS45Neutral$216.45M-1.28-215.23%―291.42%11.70%
CRDFCRDF43Neutral$69.21M-1.48-103.08%―-6.96%32.77%
AVTXAVTX40Underperform$384.53M-1.51-58.03%―-86.62%14.74%
MOLNMOLN39Underperform$141.63M-2.13-79.25%―-100.00%17.74%

* Healthcare Sector Average

Performance Comparison

0%100%200%CRDFONCYAVTXGLSIMOLNPYXSDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
CRDF and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
CRDFCardiff Oncology, Inc.0.89-1.42-61.52%
ONCYOncolytics Biotech0.42-0.67-61.01%
AVTXAvalo Therapeutics, Inc.7.17-9.50-56.99%
GLSIGreenwich Lifesciences, Inc.17.418.98106.52%
MOLNMolecular Partners Ag3.58-0.50-12.25%
PYXSPyxis Oncology, Inc.1.81-2.00-52.49%

Cardiff Oncology Corporate Events

Business Operations and StrategyExecutive/Board Changes

Cardiff Oncology Names Interim CMO Amid Trial Progress

Positive
Oct 27, 2026

Cardiff Oncology expanded its capital structure on October 22, 2026, by amending its certificate of incorporation in Delaware to increase its authorized common shares to 300 million, a move that can facilitate future financing, partnerships or strate...

Business Operations and StrategyShareholder Meetings

Cardiff Oncology Shareholders Approve Expanded Capital Structure

Positive
Oct 22, 2026

On October 22, 2026, Cardiff Oncology, Inc. held a Special Meeting of Stockholders at which 48,084,246 shares of common stock were represented, constituting a quorum for corporate action. Stockholders approved an amendment to the company’s Amen...

Business Operations and StrategyExecutive/Board ChangesLegal Proceedings

Cardiff Oncology Amends Onvansertib License, Resolves Litigation

Positive
Sep 14, 2026

On September 14, 2026, Cardiff Oncology and Nerviano Medical Sciences agreed to a confidential settlement resolving litigation over inventorship and performance issues tied to their 2017 license for onvansertib, Cardiff’s lead PLK1 inhibitor. T...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 28, 2026