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Onconetix, Inc.

ONCO NASDAQ Categories PDF
Healthcare · Biotechnology · United States · Updated May 10, 8:16pm
$0.38
Price
$1.3M
Market Cap
12
Employees
3.01
Beta
David Allan White
CEO
Business Description

Onconetix, Inc., a biotechnology and pharmaceutical company, focuses on developing and commercializing transformational therapies to address health challenges worldwide. The company owns Entadfi, an FDA-approved, once daily pill that combines finasteride and tadalafil for the treatment of benign prostatic hyperplasia. It is also developing a streptococcus pneumoniae vaccine candidate, which is designed to prevent infectious middle ear infections in children, and prevention of pneumonia in the elderly; and universal flu vaccine that provide protection from all virulent strains in addition to licensing a novel norovirus S&P nanoparticle versatile virus-like particle vaccine platform from Cincinnati Children's to develop vaccines for multiple infectious diseases, including Marburg and monkeypox, and others. The company was formerly known as Blue Water Biotech, Inc. and changed its name to Onconetix, Inc. in December 2023. Onconetix, Inc. was incorporated in 2018 and is headquartered in Cincinnati, Ohio.

Business History
Price Overview
Last updated: May 11, 2026 1:58pm (just now)
$0.41
+0.03 (+7.89%)
Day Range
$0.36 – $0.44
52-Week Range
$0.36 – $74.38
50-Day MA
$1.73
200-Day MA
$9.80
Volume
254,861.00
Share Structure
Outstanding 3,426,321.00
Float 1,442,463.00
Free Float 42.1%
Moderate free float — 42.1% of shares trade freely, ~57.9% held by insiders/institutions
Reasonable but insiders still hold a significant stake. This can be positive (skin in the game) but may limit liquidity during sell-offs.
Small absolute float (1.4M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-0.08
Stock Price: $0.38
EPS (Diluted): -4.73
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
1.62
Stock Price: $0.38
Total Equity: $15.76M
Shares: 3,281,915
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
0.19
Market Cap: $1.30M
Total Debt: $48,774
Cash: $5.22M
EBITDA: -$6.33M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$20.4M
Market Cap: $1.30M
Total Debt: $48,774
Cash: $5.22M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
77.6%
Gross Profit: $632,913
Revenue: $815,371
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-778.2%
Operating Income: -$6.34M
Revenue: $815,371
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-1,721.0%
Net Income: -$14.03M
Revenue: $815,371
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-189.8%
Net Income: -$14.03M
Total Equity: $15.76M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-112.9%
Operating Income: -$6.34M
Tax Rate: 0.0%
Equity: $15.76M
Total Debt: $48,774
Cash: $5.22M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
0.66
Current Assets: $6.07M
Current Liabilities: $9.14M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.00
Short-Term Debt: $24,412
Long-Term Debt: $24,362
Total Debt: $48,774
Total Equity: $15.76M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.25
Revenue: $815,371
Shares: 3,281,915
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$4.80
Total Equity: $15.76M
Shares: 3,281,915
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-2.95
Operating CF: -$9.68M
CapEx: $0.00
Shares: 3,281,915
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
1.6%
Last Dividend: N/A
Stock Price: $0.38
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$14.03M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ONCO against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $0 $0 $58,465 $2.5M $815,371
Cost of Revenue $4,890 $6,752 $1.2M $1.5M $182,458
Gross Profit $-4,890 $-6,752 -$1.1M $1.1M $632,913
Operating Expenses $3.4M $13.5M $34.9M $57.5M $7.0M
Operating Income -$3.4M -$13.5M -$36.0M -$56.5M -$6.3M
Net Income -$3.4M -$13.4M -$37.4M -$58.7M -$14.0M
EBITDA -$3.4M -$13.4M -$36.7M -$57.6M -$6.3M
EPS $-0.09 $-0.31 $-25.03 $-520.93 $-4.73
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $1.9M $25.8M $4.6M $646,500 $5.2M
Total Current Assets $3.1M $26.3M $5.8M $950,267 $6.1M
Total Assets $3.1M $26.3M $87.5M $28.2M $24.9M
Current Liabilities $1.6M $3.9M $17.2M $18.3M $9.1M
Long-Term Debt $0 $0 $118,857 $0 $24,362
Total Liabilities $1.6M $3.9M $86.1M $18.6M $9.2M
Total Equity $1.4M $22.4M -$5.6M $9.6M $15.8M
Retained Earnings -$6.0M -$19.4M -$56.8M -$115.7M -$131.2M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$2.0M -$8.7M -$13.6M -$10.5M -$9.7M
Capital Expenditure $-1,924 $-9,339 $-55,044 $-28,471 $0
Free Cash Flow -$2.0M -$8.7M -$13.6M -$10.5M -$9.7M
Acquisitions (net) $0 $0 $0 $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $-566,810 $-58,981 $-718 $0
Net Change in Cash -$2.4M $23.8M -$21.2M -$3.9M $4.6M
Analyst Estimates (Annual)
Metric 2024 2025 2026 2027
Revenue $800,000
$800,000 – $800,000
 $815,371
$815,371 – $815,371
 $881,218
$881,218 – $881,218
 $952,384
$952,384 – $952,384
EBITDA $-159,999
$-159,999 – $-159,999
 $-163,074
$-163,074 – $-163,074
 $-176,243
$-176,243 – $-176,243
 $-190,476
$-190,476 – $-190,476
Net Income -$47.4B
-$47.4B – -$47.4B
 -$55.2B
-$55.2B – -$55.2B
 -$65.8B
-$65.8B – -$65.8B
 -$70.3B
-$70.3B – -$70.3B
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth — — +4,217.3% -67.7%
Gross Profit Growth -38.1% -16,593.8% +193.6% -40.0%
Operating Income Growth -294.5% -167.3% -56.8% +88.8%
Net Income Growth -292.7% -178.8% -56.9% +76.1%
EBITDA Growth -293.1% -173.7% -56.9% +89.0%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-04-21 HRT FINANCIAL LP S-Sale 49,710.00 $0.69 $34,300
2026-04-17 HRT FINANCIAL LP P-Purchase 34,636.00 $0.73 $25,284
2026-04-16 HRT FINANCIAL LP S-Sale 53,867.00 $0.73 $39,323
2026-04-20 HRT FINANCIAL LP S-Sale 94,462.00 $0.75 $70,847
2026-04-15 HRT FINANCIAL LP P-Purchase 92,554.00 $0.76 $70,341
2026-04-14 HRT FINANCIAL LP P-Purchase 74,350.00 $0.77 $57,250
2026-04-14 HRT FINANCIAL LP 0.00 $0.00 $0
2026-03-18 White David Allan 0.00 $0.00 $0
2026-03-19 DORF SAMMY 0.00 $0.00 $0
2025-12-05 Romano Sarah 0.00 $0.00 $0
2025-08-15 Oakley Andrew John A-Award 618.00 $0.00 $0
2025-08-15 Oakley Andrew John J-Other 20.00 $0.00 $0
2025-08-15 Tarsh Simon A-Award 618.00 $0.00 $0
2025-08-15 Tarsh Simon J-Other 39.00 $0.00 $0
2025-08-15 Meier Thomas A-Award 618.00 $0.00 $0
2025-08-15 Meier Thomas J-Other 39.00 $0.00 $0
2025-08-15 Ramdeen Timothy R. A-Award 618.00 $0.00 $0
2025-08-15 Ramdeen Timothy R. J-Other 39.00 $0.00 $0
2025-07-14 Altos Venture AG J-Other 241,514.00 $0.00 $0
2025-07-14 Altos Venture AG J-Other 241,514.00 $0.00 $0
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27