Cullinan Therapeutics, Inc.

Cullinan Therapeutics, Inc.

CGEM
Cullinan Therapeutics, Inc.US flagNASDAQ Global Select
13.70
USD
+0.72
- -
841.97MMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
0.44
- -
- -
- -
- -
- -
Basic EPS, GAAP
-1.24
-1.07
-1.25
-1.52
2.46
-3.69
-3.11
-3.73
-3.72
Free Cash Flow per Basic Share
-1.21
-1.08
-0.72
-1.01
-2.83
-3.24
-2.7
-2.98
-3.01
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-1.82
-2.15
-2.25
-3.69
-1.06
-4.83
-6.85
-9.97
-10.74
Tangible Book Value per Share
-1.8
-2.06
4.84
9.87
11.85
10.92
10.98
6.93
6.16
Basic Weighted Avg Shares
11
19
41
43
45
42
54
59
59
Sales/Revenue/Turnover
- -
- -
- -
19
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
-358.73
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-14
-21
-52
-66
111
-153
-167
-220
-221
Effective Tax Rate (%)
- -
- -
- -
- -
27.84
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
-346.14
- -
- -
- -
- -
- -
Working Capital
33
98
198
285
452
452
384
349
326
LT Debt
- -
- -
- -
- -
4
2
1
2
2
Total Equity
-21
-40
200
425
535
454
590
409
366
Return on Invested Capital (%)
- -
- -
- -
- -
-19.66
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
59
60
61
Market Capitalization
349
611
844

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
342
387
361
Cash, Cash Equivalents & STI
333
378
352
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
33
38
35
Payables & Accruals
23
26
30
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
24.45%
-30.76%
Free Cash Flow
- -
54.87%
20.99%
Net Income, GAAP
- -
-88.02%
31.36%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.86
-0.76
-0.7
-0.81
-3.11
2025
-0.82
-1.19
-0.86
-0.86
-3.73
2026
-0.82
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Nadim Ahmed
Full Time Employees
111
Sector
Healthcare
Industry
Medical - Pharmaceuticals
Address
One Main Street Cambridge MA United States of America 02142
IPO Date
Jan 8, 2021
Business
Cullinan Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing modality-agnostic targeted therapies for autoimmune diseases and cancer. The company’s product portfolio includes clinical-stage molecules such as CLN-619, CLN-978, zipalertinib (CLN-081/TAS6417), CLN-049, CLN-418, and CLN-617, which are designed to inhibit key drivers of disease or leverage the immune system to eliminate diseased cells. Zipalertinib, developed in collaboration with Taiho Oncology, Inc., targets genetically defined subsets of non-small cell lung cancer; CLN-049 is a novel FLT3xCD3 bispecific T cell engager for relapsed/refractory acute myeloid leukemia and recently received FDA Fast Track designation. Cullinan therapeutics also pursues CLN-978 specifically for autoimmune diseases, with systemic lupus erythematosus as a primary indication, reflecting a strategic expansion from oncology into immunology. The company operates primarily in the United States and through partnerships internationally, including Taiho Pharmaceutical in Greater China for commercialization outside the U.S. and China. Founded in 2016 and headquartered in Cambridge, Massachusetts, Cullinan recently changed its name from Cullinan Oncology to reflect its broadened autoimmune disease focus. Recent major developments include the initiation of a rolling submission for zipalertinib’s New Drug Application to the U.S. FDA, discontinuation of enrollment in its B-NHL study to focus on autoimmune diseases, a strategic partnership with Taiho Pharmaceutical for global commercialization rights of CLN-081/TAS6417, and financial positioning with cash resources supporting operations into 2029. The company emphasizes advancing first- or best-in-class therapies through clinical trials for high unmet medical needs in both autoimmune and oncologic therapeutic areas.

Company News

MCPAPIChat
  • Cullinan Therapeutics: Heading Toward Paydirt

  • Cullinan Therapeutics, Inc. (CGEM) Discusses Promising Clinical Data for CLN-978 and Velinotamig in Autoimmune Diseases Transcript

  • Cullinan Therapeutics Shares New Clinical Data Across Its Portfolio of T Cell Engager Programs Targeting CD19 and BCMA in Autoimmune Diseases

  • Cullinan Therapeutics Presents Initial Clinical Data for CLN-978, a CD19xCD3 T Cell Engager, at the EULAR 2026 Congress

  • Cullinan Therapeutics to Host Immunology Day to Showcase Promising Initial Clinical Data in Autoimmune Diseases for CLN-978, a CD19 T Cell Engager, and Velinotamig, a BCMA T Cell Engager

  • Cullinan Therapeutics Receives FDA Orphan Drug Designation for CLN-049, a Novel FLT3xCD3 T Cell Engager, in Relapsed/Refractory Acute Myeloid Leukemia

  • Cullinan Therapeutics to Present Initial Clinical Data for CLN-978 in Treatment-Refractory Rheumatoid Arthritis and Systemic Lupus Erythematosus at EULAR 2026 Congress

  • The Biology Came First.

  • Cullinan Therapeutics Provides Corporate Update and Reports First Quarter 2026 Financial Results

  • Cullinan Therapeutics: Cash-Rich With A Major 2027 FDA Catalyst

  • U.S. Food and Drug Administration Accepts New Drug Application for Zipalertinib for the Treatment of Locally Advanced or Metastatic Non-Small Cell Lung Cancer with EGFR Exon 20 Insertion Mutations

  • Cullinan Therapeutics (NASDAQ:CGEM) versus Genprex (NASDAQ:GNPX) Head to Head Comparison

  • Cullinan Therapeutics flags 2026 as “defining year” at Leerink, tees up key CLN-978/CLN-049 data

  • Cullinan Therapeutics Provides Corporate Update and Reports Fourth Quarter and Full Year 2025 Financial Results

  • Cullinan Therapeutics Maps 2026 Data Catalysts for Autoimmune CLN-978, AML CLN-049 at TD Cowen Conference

  • Nadim Ahmed Sells 16,381 Shares of Cullinan Therapeutics (NASDAQ:CGEM) Stock

  • Jennifer Michaelson Sells 11,742 Shares of Cullinan Therapeutics (NASDAQ:CGEM) Stock

  • Cullinan Therapeutics to Participate in Upcoming Investor Conferences

  • Cullinan Therapeutics: Thesis Strengthening For This T-Cell Engager Specialist

  • Cullinan Therapeutics, Inc. (CGEM) Presents at Citi's 2026 Virtual Oncology Leadership Summit Transcript