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Capstone Therapeutics
(NASDAQ:CAPS)
Capstone Therapeutics (CAPS) vs. SPDR S&P 500 ETF (SPY)
Capstone Therapeutics Business Overview & Revenue Model
Capstone Therapeutics Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.72M | 44.88M | 48.35M | 61.56M | 66.74M | 45.45M |
| Gross Profit | 9.78M | 9.57M | 9.61M | 16.53M | 16.32M | 10.94M |
| EBITDA | -2.86M | -121.00K | -1.75M | 4.23M | 5.02M | 2.64M |
| Net Income | -5.54M | -2.56M | -3.82M | 2.31M | 3.92M | 10.46M |
Balance Sheet | ||||||
| Total Assets | 58.48M | 47.22M | 52.70M | 65.21M | 60.85M | 54.87M |
| Cash, Cash Equivalents and Short-Term Investments | 730.00K | 11.00K | 52.00K | 23.00K | 50.00K | 0.00 |
| Total Debt | 23.25M | 16.61M | 20.33M | 28.80M | 28.34M | 20.81M |
| Total Liabilities | 31.33M | 50.28M | 50.26M | 57.04M | 31.78M | 25.77M |
| Stockholders Equity | 27.16M | -3.06M | 2.44M | 8.17M | 29.08M | 29.11M |
Cash Flow | ||||||
| Free Cash Flow | -1.17M | 3.70M | 1.24M | -3.06M | 2.55M | 639.00K |
| Operating Cash Flow | -1.15M | 3.82M | 1.45M | -2.89M | 3.72M | 642.00K |
| Investing Cash Flow | -2.46M | -120.00K | -208.00K | -173.00K | -931.00K | -3.00K |
| Financing Cash Flow | 4.32M | -3.74M | -1.21M | 3.04M | -2.74M | -697.00K |
Capstone Therapeutics Technical Analysis
Capstone Therapeutics Risk Analysis
Capstone Therapeutics Peers Comparison
Capstone Therapeutics Corporate Events
On December 1, 2025, Capstone Holding Corp. completed the acquisition of Canadian Stone Industries, a distributor with $15 million in annual revenue, which expands Capstone’s North American footprint and strengthens its brand portfolio. This acquisition is expected to immediately increase revenue and EBITDA, advancing Capstone towards its $100 million revenue target for early 2026, and reflects the company’s strategy of acquiring high-quality businesses to enhance its market position.
Capstone Holding Corp. has entered into a securities purchase agreement with an institutional investor, authorizing the issuance of senior secured convertible notes with an original principal amount of up to $10,909,885. On November 28, 2025, the company and the buyer agreed to reduce the conversion price of the July 2025 Convertible Note to $0.75 for the remaining principal amount of $500,744.01, and for $1,772,856.21 of the October 2025 Convertible Note, potentially impacting the company’s stock conversion strategy.
On November 18, 2025, Capstone Holding Corp. held its annual stockholders meeting where several key proposals were voted upon. The meeting, which had a quorum with 74.78% of votes represented, resulted in the election of two directors, the ratification of GBQ Partners LLC as the independent auditor, and the approval of the company’s reincorporation from Delaware to Nevada. Additionally, the 2025 Stock Incentive Plan was adopted, and executive compensation was approved to be reviewed every three years. These decisions are likely to impact the company’s governance and operational structure moving forward.
Capstone Holding Corp. reported record financial results for the third quarter of 2025, with a 19% year-over-year increase in pro forma revenue and a 46% rise in adjusted EBITDA. The company announced two acquisitions expected to contribute $26 million in annualized revenue, accelerating its path toward a $100 million run-rate by early 2026. The improved economic conditions and a favorable industry outlook, supported by interest rate cuts and a recovery in demand, provide strong long-term growth prospects for Capstone. The company has also achieved integration milestones with its recent acquisition, positioning itself for rapid post-close integration of future acquisitions.
On August 22, 2025, Capstone Holding Corp. completed its acquisition of Carolina Stone Holdings, LLC, and its subsidiary, Carolina Stone Distributors, LLC, from D22L, Inc. and other sellers. The transaction involved a cash payment of $2,625,000, subject to adjustments, and a seller note of $1,250,000. This acquisition is expected to enhance Capstone’s market presence in the stone products industry by expanding its operational capabilities and market reach.
Capstone Holding Corp. has entered into a securities purchase agreement with an institutional investor, authorizing the issuance of senior secured convertible notes. On October 22, 2025, Capstone issued a second convertible note worth $3,545,712.42, convertible into common stock at a price of $1.10 per share. The company received gross proceeds of $3,250,000 from this issuance and plans to file a registration statement with the SEC for the resale of the stock. Joseph Gunnar & Co., LLC acted as the sales agent for this financing.
On September 30, 2025, Capstone Holding Corp. entered into an Exchange Agreement with Brookstone entities to exchange $1.9 million in debt for newly issued non-convertible preferred equity, Series Z Preferred shares. This strategic move, approved by the Board, strengthens Capstone’s balance sheet by eliminating targeted debt and reducing interest expenses by over $170,000, without diluting common shareholders. The transaction enhances Capstone’s financial flexibility, positioning the company for potential accretive acquisitions and signaling confidence in its long-term cash flows.