Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
Celcuity Inc.CELC · healthcare
GradeNonecomputable_factors_below_threshold: 6 of 14 inputs computable; 7 are required
Reliability0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025
Peer failure rate1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$120M to $591M assetstotal assets $466.6M[1]
Warningsdilution, thin data · fortress balance sheetnot computable: degenerate inputs
Inputs computable6 of 14
Graded fromfilings received through Mar 26, 2026197 days before the rescan; every figure keyed to the SEC receipt date
Last close$67.862026-10-08; market equity $3.3B; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$50$100$150NovDecJanFebMarAprMayJunJulAugSepOct$67.87
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Mar 21, 2018nonen/aQ2
Apr 21, 2023nonen/aQ3

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Mar 26, 2026; the document on sec.gov.

otherwise provided in this Annual Report, references to the “Company,” “we,” “us,” and “our” and similar references refer to Celcuity Inc., a Delaware corporation. We own various unregistered trademarks and service marks, including our corporate logo. Solely for convenience, the trademarks, trade names and service marks in this Annual Report, including those owned by third parties, may be referred to without the ®,TM or SM symbols, but such references should not be construed as any indicator that the owner of such trademarks, trade names and service marks will not assert, to the fullest extent under applicable law, their rights thereto.

Warnings [top]

Dilution. split-adjusted year-over-year share growth is 27.7%[2-3]
Thin data. 6 of 14 grade factors are computable; minimum is 7
Fortress balance sheet. cash minus debt is 28,156,000 USD; Altman Z is not used[4-5]

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 55.7
Gross profitabilitynot computable32.2%
one or more required annual facts are missing
Return on invested capitalnot computable9.3%
required facts have no common fiscal period end
Accruals ratio(6.7%)[1,6-8](6.6%)55.78112025-12-31
Gross margin stability, five yearsnot computable2.8 pts
five annual gross margins are required; found 0
Solvency, sleeve percentile 37.2
Twelve-month failure probability0.13%0.07%61.92482026-06-30
Altman Z double-prime0.60[1,9-14](0.31)35.07562025-12-31
Net debt to EBITDAnot computable1.82x
EBITDA must exceed $100,000
Interest coveragenot computable(4.51x)
latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31
Current ratio10.55x[9-10]2.96x14.78392025-12-31
Growth and financing, sleeve percentile 39.2
Revenue growth, three-year compoundnot computable10.0%
four annual observations are required; found 0
Free cash flow growth, three-year compoundnot computable10.9%
current FCF must be positive and base FCF must exceed $100,000
Reinvestment ratenot computable37.1%
NOPAT must exceed $100,000
Asset growth, three years38.5%[1,8,15-16]2.1%11.57042025-12-31
Net share issuance, one year27.7%[2-3]2.5%66.86342026-03-17

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 371 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month80.3%8.0%85hotter than 85 of 100 peers
Distance from 52-week high(53.2%)(31.4%)24closer to its high than 24 of 100 peers
EBIT to enterprise value(5.5%)(1.5%)41pricier than 59 of 100 peers
Free cash flow yield(4.6%)(1.0%)41pricier than 59 of 100 peers
Book value to price(0.00)0.2812pricier than 88 of 100 peers
Sales to pricenot computable0.31required accounting or market input is missing
Composite equity issuance, five years155.8%20.3%86more equity-funded than 86 of 100 peers
Relative strength against the sector, log excess return0.38(0.14)85ahead of 85 of 100 peers

Inputs: market equity $3.3B; EBIT -$172.2M; free cash flow -$153.5M; book equity -$12.8M; debt $0; cash $182.0M[17].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero(72.2%)✗ fail[6,8]
Operating cash flow above zero-$153.3M✗ fail[7]
Return on assets improved(13.8 pts)✗ fail[6,8,15,18]
Operating cash flow exceeds net income$23.8M✓ pass[6-7]
Long-term leverage fell(9.5 pts)✓ pass[1,5,8,15,19]
Current ratio improved283.7 pts✓ pass[9-10,20-21]
No new shares issued27.7%✗ fail[2-3]
Gross margin improvedn/a
Asset turnover improvedn/a[8,15]
Cash, filings, liquidity
Cash and equivalents$182.0M[22]
Operating cash flow, four quarters-$191.7M[7,22-26]
Months of runway11.4
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing57
10-Q received Aug 13, 2026
Median daily dollar volume$82.4M
63 sessions
Days since newest grade input197

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$466.6M2025-12-312026-03-2610-Kfiling · viewer · series
2shares outstandingdei:EntityCommonStockSharesOutstanding48,336,6752026-03-172026-03-2610-Kfiling · viewer · series
3shares outstandingdei:EntityCommonStockSharesOutstanding37,839,3922025-03-242025-03-3110-Kfiling · viewer · series
4cashus-gaap:CashAndCashEquivalentsAtCarryingValue$165.7M2025-12-312026-03-2610-Kfiling · viewer · series
5total debtus-gaap:LongTermDebt$137.5M2025-12-312026-03-2610-Kfiling · viewer · series
6net incomeus-gaap:NetIncomeLoss-$177.0M2025-12-312026-03-2610-Kfiling · viewer · series
7operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$153.3M2025-12-312026-03-2610-Kfiling · viewer · series
8assetsus-gaap:Assets$245.1M2024-12-312026-03-2610-Kfiling · viewer · series
9current assetsus-gaap:AssetsCurrent$465.7M2025-12-312026-03-2610-Kfiling · viewer · series
10current liabilitiesus-gaap:LiabilitiesCurrent$44.2M2025-12-312026-03-2610-Kfiling · viewer · series
11retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$448.9M2025-12-312026-03-2610-Kfiling · viewer · series
12operating incomeus-gaap:OperatingIncomeLoss-$172.2M2025-12-312026-03-2610-Kfiling · viewer · series
13book equityus-gaap:StockholdersEquity$100.6M2025-12-312026-03-2610-Kfiling · viewer · series
14liabilitiesus-gaap:Liabilities$366.0M2025-12-312026-03-2610-Kfiling · viewer · series
15assetsus-gaap:Assets$191.2M2023-12-312025-03-3110-Kfiling · viewer · series
16assetsus-gaap:Assets$175.7M2022-12-312024-03-2710-Kfiling · viewer · series
17shares outstandingdei:EntityCommonStockSharesOutstanding48,931,9082026-08-052026-08-1310-Qfiling · viewer · series
18net incomeus-gaap:NetIncomeLoss-$111.8M2024-12-312026-03-2610-Kfiling · viewer · series
19long term debtus-gaap:LongTermDebt$105.1M2024-12-312025-03-3110-Kfiling · viewer · series
20current assetsus-gaap:AssetsCurrent$244.6M2024-12-312026-03-2610-Kfiling · viewer · series
21current liabilitiesus-gaap:LiabilitiesCurrent$31.7M2024-12-312026-03-2610-Kfiling · viewer · series
22cashus-gaap:CashAndCashEquivalentsAtCarryingValue$182.0M2026-06-302026-08-1310-Qfiling · viewer · series
23operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$110.5M2026-06-302026-08-1310-Qfiling · viewer · series
24operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$55.1M2026-03-312026-05-1410-Qfiling · viewer · series
25operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$116.9M2025-09-302025-11-1310-Qfiling · viewer · series
26operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$72.1M2025-06-302026-08-1310-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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GitHub · ezrakruger.cc
Photographs from Wikimedia Commons

bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026