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Cuprina Holdings (Cayman) Limited Class A Ordinary Shares
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About Cuprina Holdings (Cayman) Limited Class A Ordinary Shares
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Cuprina Holdings (Cayman) Limited is a Singaporean biotechnology and biomedical enterprise, primarily dedicated to pioneering and bringing to market advanced solutions for the management of persistent wounds. The company produces and supplies its flagship MEDIFLY brand, which features medical-grade sterile blowfly larvae bio-dressing products designed to function as an effective biological debridement tool for chronic wounds. Beyond its core wound care business, Cuprina also extends its operations into the broader health and beauty market, where it provides a range of cosmeceutical items.
How they make money
Cuprina Holdings generates revenue primarily through the manufacturing, marketing, and sale of medical devices for chronic wound management, specifically maggot debridement therapy (MDT) products, and cosmeceutical products. The company operates as a biomedical entity that incurs fixed production costs and relies on scaling sales volume to achieve profitability, while also pursuing strategic growth in infertility and medical waste recycling sectors.
Products & services
The company provides medical devices for chronic wound management, including Maggot Debridement Therapy (MDT) products, and various cosmeceutical products.
Brands & revenue mix
MEDIFLY
Brand for Maggot Debridement Therapy (MDT) products.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
unnamed — The company utilizes various third-party suppliers for raw materials and components required for the manufacturing of its medical devices and cosmeceuticals.Source
Business relationships & partnerships
Cuprina MENA Co. — An indirect 49%-owned associate involved in the company's strategic expansion.Source
Dr. Ronald Sherman — Medical and Scientific Director who entered into a commercial agreement with the company in September 2025.Source
Strengths
Specialized focus on chronic wound management and MDT technologySource
Risks
Significant operating losses and accumulated deficitSource
Dependence on successful commercialization of new products and regulatory approvalsSource
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2025-12-31.
Opportunity Score is currently unavailable; Wall Street Score remains independently validated.
The unavailable Opportunity Score is a separate model output. It must not be substituted with zero or inferred from the company score.
Total debt increased 296.3% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
23
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
32
Poor
Financial Strength
21
Business Quality / Moat
49
Management
40
Growth Quality
35
Risk / Durability
7
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
What we like
•Asset quality scores strongly
What to watch
•Elevated debt risk
•M&A headline · Oct 2, 2026
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for CUPR
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can CUPR maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•How long can CUPR fund negative free cash flow using its current cash position before it may need more debt or new shares?
•How is CUPR likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What specifically needs to improve for CUPR to reach sustainable profitability?
•What future growth or profitability would be needed to justify CUPR's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CUPR
Detected from reported data — verify before acting.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative
M&A headline · Oct 2, 2026
Cuprina (Nasdaq: CUPR) to Acquire EBITDA-Positive Seven-Clinic Singapore Healthcare Group — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Specialized focus on chronic wound management and MDT technology.
Potential downside factors
−Debt risk (elevated): Total debt is at least one year of revenue.
−Interest coverage is below 2x.
−Free cash flow is negative.
−Significant operating losses and accumulated deficit.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Very Weak23/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Poor
29
Debt Cost3.1%
Debt Reduction YoY-89.5%
Debt / Equity0.10x
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Revenue
Poor
3
Revenue YoY3.3%
Revenue CAGR-29.6%
Net Margin-9366.8%
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Asset
Elite
92
Asset Growth YoY387.4%
Liquidation/Share$1.55
Net Assets/MCap1.03x
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Capital
Poor
0
Earnings Yield-59.8%
Buyback Yield0.0%
Debt Cost3.1%
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Management
Weak
40
ROIC-188.7%
ROE-92.4%
ROA-55.0%
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Moat
Weak
49
EPS Growth—
FCF/Share Growth—
Rev/Share Growth2.8%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Poor
35
Revenue3
Moat49
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Poor
3
Interest Coverage-310.2x
ROIC-188.7%
FCF Yield-117.7%
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Master
Poor
15
Financial3
Valuation0
Debt29
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Resilience
Poor
30
Survival Years0.3 yrs
Current Ratio2.35x
FCF Margin-18423.4%
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Score Changes
6 historical score records available
Previous Score
23
Sep 17, 2026
Change
-0.7
points
Current Score
23
Oct 1, 2026
Category Changes
Revenue0
Debt0
Assets-7.3
Capital0
Management0
Moat0
Valuation0
Buffett-1.1
CUPR decreased 0.7 points because Asset declined by 7.3 points.
Negative Contributors
− Asset declined by 7.3 points
Projected Score
Projected Score
27
Projected Change
+4.0 points
Preliminary comparable-period financial changes suggest improvement of approximately 4.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$1.86
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
Revenue
—
$39K
$38K
$79K
····
····
Cost of Revenue
—
$40K
$40K
$50K
····
····
Gross Profit
—
-$504.84
-$2K
$29K
····
····
Research & Development
—
$178K
$189K
$131K
····
····
SG&A Expenses
—
$3.4M
$993K
$652K
····
····
Operating Expenses
—
$3.6M
$1.3M
$865K
····
····
EBITDA
—
-$3.6M
-$1.1M
-$778K
····
····
Operating Income
—
-$3.6M
-$1.3M
-$836K
····
····
Interest Expense
—
$12K
$29K
$44K
····
····
Income Before Tax
—
-$3.7M
-$1.2M
-$850K
····
····
Income Tax Expense
—
$0.00
$41K
$26K
····
····
Net Income
—
-$3.7M
-$1.2M
-$876K
····
····
Basic EPS
—
$-1.44
$-0.45
$-0.32
····
····
Basic Shares
2.68M
2.56M
2.72M
2.72M
····
····
Diluted Shares
2.68M
2.56M
2.72M
2.72M
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Dec 31, 2025FYFY2025
Revenue
$39052
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$1.44
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+89.5%
Cash Change
+2576.8%
Margin Change
-6137.2 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
What Weakened
Margins contracted
Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels. Pressure indicators included debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 3.3%. EPS increased 220.8%. Cash increased 2576.8%. Total debt increased 89.5%. Net income margin declined by 6137.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.