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Cardio Diagnostics Holdings Inc logo

Cardio Diagnostics Holdings Inc

cdio.ai

What Do They Do?

Sells cardiovascular blood tests and risk-information tools to clinicians, healthcare organizations and employers.

How Do They Make Money?

The company earns money from cardiovascular tests: telemedicine providers and provider organizations are billed monthly for completed tests or accepted samples, while employers are billed after a heart-disease fair, sample acceptance, or completion of testing.

FY2025 revenue

Who Are Their Customers?

The tests are offered through telemedicine providers, provider organizations such as concierge practices and longevity clinics, and employers; patients can also pay directly.

Do Revenues Turn Into Profits?

No. It lost $6.5M in FY2025.

Operating income, FY2025
−43737% of revenue
▼ −22% (Loss) vs FY2024 (−$8.4M, −23978%)
Net income, FY2025
−43832% of revenue
▼ −22% (Loss) vs FY2024 (−$8.4M, −24028%)
Free cash flow, FY2025
−39893% of revenue
▲ +14% (Loss) vs FY2024 (−$5.2M, −14927%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −28%
vs $7.5K in Q2 FY2025
Net income
▼ −11% (Loss)
vs −$1.7M in Q2 FY2025

Growing. Revenue grew 16.5x in 4 years, from $901 in FY2021 to $14.8K in FY2025, about 101% a year.

Broader customer channels Earlier, the company described selling its test through telemedicine and shifting effort toward customer relationships; the latest report describes broader reach through provider organizations, channel partners, employers, payors and life insurers.

Expanded product range The older report describes clinical tests for coronary heart disease; the latest also lists research tools for biopharmaceutical development and a cardiovascular risk-information platform.

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