Cytosorbents Corp
CTSONasdaqHealthcare · Surgical & Medical Instruments & Apparatus · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $37.1M | $35.6M | $31.1M | $8.7M | $10.6M | $8.7M |
| Operating income | −$14.7M | −$16.8M | −$31.9M | −$7.8M | −$2.9M | −$2.5M |
| Net income | −$8.2M | −$20.7M | −$29.2M | −$32.8M | −$24.6M | −$7.8M |
| Total assets | $44.2M | $47.1M | $57.5M | $63.2M | $89.5M | $90.0M |
| Total liabilities | $38.3M | $27.4M | $27.5M | $27.9M | $26.9M | $10.7M |
| Equity | $5.9M | $19.6M | $29.9M | $35.4M | $62.6M | $79.2M |
| EPS (diluted) | $-0.13 | $-0.11 | $-0.17 | $-0.21 | $-0.10 | $-0.10 |
| Shares out. | 62.5M | 54.3M | 43.7M | 43.5M | 43.3M | 35.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −39.8%
- Net margin
- −22.1%
- Return on equity
- −138.9%
- Return on assets
- −18.6%
- Return on capital (ROCE)
- −42.8%
- Liabilities / assets
- 86.6%
- Debt / equity
- 6.48×
- Book value / share
- $0.09
- Revenue growth (YoY)
- 4.1%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -23.50distress
- Accruals / assets
- 9.5%moderate
- Beneish M-Score
- -2.19normal
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 1 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Revenue is growing year-over-year
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 2, 2013
- NT 10-Qmissed a reporting deadline ↗Nov 16, 2010
- NT 10-Qmissed a reporting deadline ↗Aug 16, 2010
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2010
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2009
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2008
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Avenir CorpPassive (13G)Feb 13, 2026
- Avenue Venture Opportunities Fund, L.P.Passive (13G)May 28, 2025
- Vanguard Group IncPassive (13G)Apr 30, 2025
- Skylands Capital, LlcPassive (13G)Apr 17, 2025
- Satterfield Thomas A JrPassive (13G)Jan 17, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Chan Phillip P.Officer — Chief Executive Officer | Nov 18, 2025 | Grant | 100,000 | $0.64 |
| Chan Phillip P.Officer — Chief Executive Officer | Aug 8, 2025 | Grant | 105,600 | $0.00 |
| Mariani Peter JOfficer — Chief Financial Officer | Aug 8, 2025 | Grant | 71,500 | $0.00 |
| Capponi VincentOfficer — President and COO | Aug 8, 2025 | Grant | 89,100 | $0.00 |
| Deliargyris EfthymiosOfficer — Chief Medical Officer | Aug 8, 2025 | Grant | 70,000 | $0.00 |
| Bator Michael G.Director | Feb 24, 2025 | O | 10,000 | $1.13 |
| Capponi VincentOfficer — President and COO | Feb 24, 2025 | O | 12,000 | $1.13 |
| Mariani Peter JOfficer — Chief Financial Officer | Feb 24, 2025 | O | 32,625 | $1.13 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 2.1M | 20.6 | +0.7% |
| Apr 30, 2026 | 2.0M | 47.2 | -0.1% |
| Apr 15, 2026 | 2.0M | 24.3 | +1.2% |
| Mar 31, 2026 | 2.0M | 15.0 | +0.1% |
| Mar 13, 2026 | 2.0M | 27.6 | +0.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 13, 2026
- Delisting / listing-standard noticeApr 2, 2026
- Results of operations · Regulation FD disclosureMar 25, 2026
- Results of operationsNov 13, 2025
- Delisting / listing-standard noticeOct 3, 2025
- Regulation FD disclosure · Other material eventSep 16, 2025
- Other material eventAug 20, 2025
- Completed an acquisition or dispositionAug 7, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QMay 13, 2026
- 8-KMay 13, 2026
- 10-K/AApr 15, 2026
- 8-KFORM 8-KApr 2, 2026
- 10-KMar 30, 2026
- 8-KMar 25, 2026
- SCHEDULE 13G/AFeb 13, 2026
- 4OWNERSHIP DOCUMENTNov 20, 2025
- 8-KNov 13, 2025
- 10-QNov 13, 2025
- 8-KFORM 8-KOct 3, 2025
- 8-KSep 16, 2025
- 8-KFORM 8-KAug 20, 2025
- 144Aug 19, 2025
- 4OWNERSHIP DOCUMENTAug 8, 2025