Context Therapeutics Inc.
Business
Context Therapeutics Inc. is a clinical-stage biopharmaceutical company developing T cell engaging (TCE) bispecific antibodies for the treatment of solid tumors. Its main product candidates include CTIM-76 (CLDN6 x CD3), CT-95 (MSLN x CD3), and CT-202 (Nectin-4 x CD3), each designed to redirect T-cell-mediated lysis toward tumor cells expressing the respective target. The company organizes its operations around clinical and preclinical pipeline programs, in‑licensed assets and collaborations, and reliance on third‑party manufacturing and development partners. It pursues worldwide development and commercialization rights and plans distribution through strategic partners and outsourced manufacturing channels in key global markets.
Summary from filing dated 2025-03-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Research and development | 32 | 23 | 18 | 7 | 4 | |
| General and administrative | 8 | 7 | 7 | 8 | 4 | |
| Loss from operations | −40 | −30 | −25 | −15 | −11 | |
| Interest income | 3 | 3 | 1 | — | — | |
| Other income (expense) | 200,471 | −1,428 | −55,570 | — | — | |
| Net loss | −36 | −27 | −24 | −15 | −10 | |
| Net income (loss) per share - basic (in dollars per share) | −0.38 | −0.46 | −1.5 | −0.93 | −3.69 | |
| Net income (loss) per share - diluted (in dollars per share) | −0.38 | −0.46 | −1.5 | −0.93 | −3.69 | |
| Weighted average common shares outstanding - basic (in shares) | 95 | 58 | 16 | 16 | 3 | |
| Weighted average common shares outstanding - diluted (in shares) | 95 | 58 | 16 | 16 | 3 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 66 | 94 | 14 | 35 | 50 | |
| Prepaid expenses and other current assets | 2 | 3 | 2 | 2 | 2 | |
| Total current assets | 68 | 98 | 16 | 38 | 51 | |
| Operating lease right-of-use asset | 100,000 | 218,816 | 0 | 51,967 | 0 | |
| Property and equipment, net | 29,656 | 11,959 | 15,524 | 27,568 | 0 | |
| Total assets | 68 | 98 | 16 | 38 | 51 | |
| Accounts payable | 3 | 1 | 2 | 936,330 | 2 | |
| Accrued expenses and other current liabilities | 5 | 1 | 2 | 2 | 1 | |
| Operating lease liability - current | 112,064 | 107,316 | 0 | 55,078 | 0 | |
| Total current liabilities | 8 | 3 | 4 | 3 | 3 | |
| Operating lease liabilities - non-current | 0 | 112,064 | 0 | — | — | |
| Total liabilities | 8 | 3 | 4 | 3 | 3 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock$0.001 par value; 200,000,000 shares authorized; 91,879,177 and 89,704,194 issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 91,879 | 89,704 | 15,966 | 15,966 | 15,966 | |
| Additional paid-in capital | 191 | 190 | 80 | 79 | 78 | |
| Accumulated deficit | −131 | −95 | −68 | −44 | −29 | |
| Total stockholders' equity | 60 | 95 | 12 | 35 | 48 | |
| Total liabilities and stockholders' equity | 68 | 98 | 16 | 38 | 51 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Research And Development Expense, Acquired In Process | 2 | 15 | 0 | — | — | |
| Share-based compensation expense | 1 | 841,867 | 1 | 976,440 | 511,079 | |
| Depreciation and amortization expense | 16,251 | 10,881 | 12,044 | 9,268 | 0 | |
| Reduction in the carrying amount of operating lease right-of-use asset | 108,406 | 41,822 | 51,967 | 78,521 | 0 | |
| Prepaid expenses and other current assets | 1 | −2 | 758,829 | −736,049 | −2 | |
| Accounts payable | 1 | −946,096 | 1 | −787,893 | −866,007 | |
| Accrued expenses and other current liabilities | 4 | −619,770 | −407,470 | 1 | 252,655 | |
| Operating lease liability | −107,316 | −41,258 | −55,078 | −75,410 | 0 | |
| Cash used in operating activities | −26 | −15 | −21 | −14 | −9 | |
| Acquired in-process research and development | −2 | −15 | 0 | −500,000 | −250,000 | |
| Purchase of property and equipment | −33,948 | −7,316 | 0 | −36,836 | 0 | |
| Cash used in investing activities | −2 | −15 | 0 | −536,836 | −250,000 | |
| Proceeds from the sale of common stock and prefunded warrants in private placement, net of offering costs | 0 | 95 | 0 | 0 | 29 | |
| Payment of offering costs from the sale of common stock from ATM facility | −15,268 | 0 | 0 | −102,071 | −100,000 | |
| Proceeds from the sale of common stock from ATM facility, net | 0 | 15 | 0 | — | — | |
| Cash (used in) provided by financing activities | −15,268 | 109 | 0 | −102,071 | 58 | |
| Net (decrease) increase in cash and cash equivalents | −28 | 80 | −21 | −14 | 49 | |
| Cashless exercise of prefunded warrants from private placement | 2,175 | 0 | 0 | 345,530 | 0 | |
| Unpaid offering costs in Accounts payable | 0 | 15,268 | — | — | — | |
| Right-of-use asset acquired under operating lease | 0 | 260,638 | 0 | 130,488 | 0 |