DARE

Dare Bioscience, Inc. (DARE) ESG Analysis Analysis (2026)

Invetso Score: 5.4/10 — Balanced · Last Updated: 2026-09-01

Monthly Update

No material changes this month.

Environmental

Score: 5.4 (Moderate)

DARE appears below diversified peers on environmental intensity because R&D spend is modest relative to revenue, limiting evidence of a differentiated low-impact operating model.

Negative gross profit margin suggests the current cost structure is not yet supporting efficient resource use, whereas stronger peers typically show clearer operating leverage.

No direct emissions, energy, or waste disclosures were provided, so the assessment relies on limited proxy metrics and cannot confirm peer-leading environmental management.

Overall environmental positioning looks mixed versus peers, with no clear structural advantage but also no evidence of severe environmental controversy or regulatory exposure.

Social

Score:

Stock-based compensation at roughly 1.1% of revenue indicates meaningful employee incentive alignment, but it is not clearly superior to peer norms without broader workforce metrics.

The absence of disclosed safety, turnover, diversity, or product-responsibility data limits visibility into social execution relative to peers.

Negative gross margin can constrain investment in talent development and customer support, which may weaken social resilience versus better-capitalized peers.

Social positioning is therefore broadly average, with some governance-linked alignment benefits offset by limited disclosure and weaker operating headroom.

Governance

Score:

Net debt to EBITDA of 0.64x suggests manageable leverage, but the negative debt-to-equity ratio indicates a capital structure that is harder to interpret than peers.

Stock-based compensation near 1.1% of revenue points to ongoing dilution pressure, which is a governance concern when compared with more disciplined peers.

The lack of filing-based detail on board independence, audit quality, and shareholder rights prevents confirmation of stronger governance practices versus peers.

Governance remains moderate because leverage is contained, yet disclosure depth and capital-discipline signals are not strong enough to rank above peer averages.

Overall Score

Score:

DARE’s ESG positioning is broadly average versus peers, with limited disclosure and mixed capital-discipline signals preventing a stronger relative score.

Score Driver: Limited ESG Disclosure And Only Moderate Governance Discipline Versus Peers

Sources

  • Company filings (10-K, 10-Q, investor presentations)
  • Financial and market data providers
  • Public news and industry information

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