Cingulate Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-5.9M | $-9.3M | $-6.3M | $-7.3M | $-5.0M | $-3.9M | $-6.2M | $-4.1M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $98.2K | $121.2K | $121.8K | $106.8K | $147.0K | $165.3K | $160.3K | $165.4K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $362.2K | $593.1K | $386.0K | $592.8K | $187.4K | $357.6K | $60.3K | $393.8K |
| Net Cash from Operating Activities | $-5.9M | $-6.9M | $-3.6M | $-4.2M | $-4.8M | $-4.6M | $-4.1M | $-3.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $67.1K | $61.2K | — | — | — | — | $198.5K | $-140.8K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-67.1K | $-61.2K | — | — | — | — | $-198.5K | $140.8K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $8.5M | $21.9M | $8.6M | $1.5M | $4.2M | $1.9M | $6.4M | $13.4M |
| Net Change in Cash | $2.5M | $14.9M | $4.8M | $-2.8M | $-618.8K | $-2.7M | $2.2M | $9.7M |
| Free Cash Flow | $-6.0M | $-7.0M | — | — | — | — | $-4.3M | $-3.7M |