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Cardiff Oncology (CRDF) Q2 2025 earnings results (second quarter 2025)

10-Q filed Jul 29, 2025

Cardiff Oncology (CRDF) reported revenue of $121K for the second quarter 2025 (Q2 2025), -26% from a year earlier and +11% from the quarter before.

Revenue$121K
Year over year-26%
Quarter over quarter+11%
Operating margin—
Net earnings−$13.9M

Cardiff Oncology, Q2 2025: revenue $121K (-26% year over year), net loss $13.9M, operating cash flow −$8.3M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$121K+11%-26%
Operating profit−$14.8M——
Net earnings−$13.9M——
Operating cash flow−$8.3M——

What changed

Revenue was $121K in Q2 2025, down 26% year over year and up 11% from the previous quarter.

Operating costs exceeded revenue by $14.8M, an operating margin of -12212.4%. Total costs grew 17% against a revenue fall of 26%. The fastest-growing cost line was Research & development (+22%). The quarter ended with a net loss of $13.9M, wider than the previous quarter's $13.4M loss.

Operating cash flow was −$8.3M. Non-cash charges added back $94K of depreciation and $1.7M of share-based compensation. Working capital and other items added $3.8M.

Questions

What was Cardiff Oncology's revenue in the second quarter 2025?

Cardiff Oncology (CRDF) reported revenue of $121K for the second quarter 2025 (Q2 2025), -26% from a year earlier and +11% from the quarter before.

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Source: Cardiff Oncology 10-Q on SEC EDGAR.