Cardiol Therapeutics (CRDL) Beginning Cash Balance (2021 - 2026)

Cardiol Therapeutics (CRDL) posted Beginning Cash Balance of $15.6 million for Q1 2026, down 26.72% on a QoQ basis from $21.3 million in Q1 2025, and down 26.72% year-over-year from $21.3 million in Q1 2025.

Cardiol Therapeutics (CRDL) Beginning Cash Balance (2021 - 2026) Analysis & Trends

Cardiol Therapeutics' Beginning Cash Balance history runs 6 years deep, the most recent figure standing at $15.6 million for Q1 2026.

  • Quarterly Beginning Cash Balance fell 26.72% year-over-year to $15.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $36.9 million (down 21.82% YoY) and the FY2021 annual result came in at $11.2 million, up 115.52% from the prior year.
  • Beginning Cash Balance was $15.6 million for Q1 2026 at Cardiol Therapeutics, down from $21.3 million in the prior quarter.
  • Across five years, Beginning Cash Balance topped out at $66.2 million in Q1 2022 and bottomed at $15.6 million in Q1 2026.
  • A 5-year average of $34.6 million and a median of $25.9 million in 2024 frame the typical range for Beginning Cash Balance.
  • Annual changes were most pronounced in 2022 — Beginning Cash Balance jumped 497.73% — and 2024, when it plunged 41.07%.
  • Cardiol Therapeutics' Beginning Cash Balance stood at $66.2 million in 2022, then sank by 33.59% to $44.0 million in 2023, then plunged by 41.07% to $25.9 million in 2024, then retreated by 17.79% to $21.3 million in 2025, then retreated by 26.72% to $15.6 million in 2026.
  • Business Quant data shows CRDL's Beginning Cash Balance at $15.6 million in Q1 2026, $21.3 million in Q1 2025, and $25.9 million in Q1 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Haleon 87.22 Bn 85.35 Bn -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn
10 Cardiol Therapeutics 134.05 Mn 134.05 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 15.62 Mn
Mar 31, 2026 15.62 Mn
Mar 31, 2025 21.31 Mn
Mar 31, 2025 21.31 Mn
Mar 31, 2024 25.92 Mn
Mar 31, 2024 25.92 Mn
Mar 31, 2023 43.99 Mn
Mar 31, 2023 43.99 Mn
Mar 31, 2022 66.24 Mn
Mar 31, 2022 66.24 Mn
Mar 31, 2021 11.08 Mn
Mar 31, 2021 11.08 Mn