Cartesian Therapeutics, Inc.

Cartesian Therapeutics, Inc.

RNAC
Cartesian Therapeutics, Inc.US flagNASDAQ Global Market
6.41
USD
-0.51
- -
188.34MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.09
14.01
23.11
0.3
1.21
4.4
4.92
22.32
22.96
5.03
2.25
0.11
0.07
Basic EPS, GAAP
-38.17
-58.88
-116.57
-95.94
-87.55
-36.46
-20.42
-6.74
7.33
-42.49
-4.48
-5.02
-5.78
Free Cash Flow per Basic Share
-30.1
-55.08
-58.16
-77.49
-80.46
-33.91
10.1
-16.13
-6.8
-9.93
-1.9
-3.06
-2.94
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-195.55
-259.96
-433.32
-318.57
-375.72
-221.13
-119.94
-112.91
-81.84
-118.88
-40.06
-31.66
-32.78
Tangible Book Value per Share
-204.58
-271.58
157.11
76.1
-7.26
5.53
-5.34
5.91
19.45
-123.58
-11.9
-10.33
-11.04
Basic Weighted Avg Shares
- -
- -
- -
1
1
2
3
4
5
5
17
26
26
Sales/Revenue/Turnover
3
6
8
- -
1
7
17
85
111
26
39
3
2
Operating Margin (%)
-506.55
-420.96
-428.92
-30,813.53
-7,200.66
-785.61
-342.36
-5.4
13.12
-329.59
-93.33
-3,099.93
-5,144.51
Depreciation Expense
1
1
1
1
1
1
1
1
1
1
1
3
2
Net Income, GAAP
-13
-25
-36
-65
-65
-55
-69
-26
35
-220
-77
-130
-152
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-423.68
-418.8
-447.98
-31,556.04
-7,235.44
-828.97
-414.99
-30.19
31.94
-844.91
-198.97
-4,658.63
-8,550.65
Working Capital
10
32
73
88
7
62
70
72
123
23
194
114
106
LT Debt
5
12
8
21
- -
- -
34
28
28
9
11
9
8
Total Equity
-88
-116
55
52
-5
8
-18
23
94
-440
-7
-126
-148
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5.48
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
4
4
4
LT Borrowings
- -
- -
- -
LT Finance Leases
9
9
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26
26
29
Market Capitalization
265
187
162

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
147
129
122
Cash, Cash Equivalents & STI
143
125
119
Accounts Receivable, Net
1
1
- -
Inventories
- -
- -
- -
Total Current Liabilities
14
15
16
Payables & Accruals
10
11
12
ST Debt
4
4
4
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
34.71%
235.98%
1,755.92%
Free Cash Flow
-18.57%
-32.9%
142.3%
Net Income, GAAP
-88.45%
-203.58%
68.3%
Sales/Revenue/Turnover
138.44%
64.62%
-92.81%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6
33
- -
-1
39
2025
1
- -
- -
1
3
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-10.5
0.83
-1.13
- -
-4.48
2025
-0.68
0.61
-1.38
- -
-5.02
2026
-1.46
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

Company Description

APIChat
CEO
Carsten Brunn
Full Time Employees
66
Sector
Healthcare
Industry
Biotechnology
Address
65 Grove Street Watertown MA United States of America 02472
IPO Date
Jun 22, 2016
Business
Cartesian Therapeutics, Inc. is a clinical-stage biotechnology company specializing in the development of mRNA cell therapies for the treatment of autoimmune diseases. The company's core products include Descartes-08, an autologous mRNA CAR-T therapy targeting B cell maturation antigen (BCMA), which is in Phase 2b clinical trials for conditions including generalized myasthenia gravis, systemic lupus erythematosus, and juvenile dermatomyositis, a rare pediatric autoimmune disease. It is also developing Descartes-15, a next-generation autologous anti-BCMA mRNA CAR-T therapy currently in Phase 1 trials for relapsed/refractory multiple myeloma and planned autoimmune indications. Cartesian Therapeutics operates primarily in the United States and is headquartered in Frederick, Maryland. Recent major company developments include a reverse merger completed in November 2023 with Selecta Biosciences, which provided the combined entity with over $110 million in financial resources to advance its therapeutic pipeline. This strategic merger led to a Nasdaq ticker symbol change to RNAC and brought new leadership consolidation combining teams from both companies. Cartesian has progressed its lead candidate Descartes-08 through Phase 2b trials, reporting safety profiles suitable for outpatient administration and ongoing Phase 2 trials in systemic lupus erythematosus, with plans to initiate a pediatric basket trial by the end of 2025. Additionally, Cartesian has advanced the early clinical development of Descartes-15, which shows enhanced CAR expression and selective target killing in preclinical studies and is designed to be administered without preconditioning chemotherapy. The company leverages a proprietary mRNA platform to deliver RNA-engineered chimeric antigen receptor T-cell therapies (rCAR-T) aimed at pathogenic plasma cells secreting autoantibodies that drive autoimmune disorders. Cartesian Therapeutics targets autoimmune disease patients globally, focusing on precision RNA cell therapy innovations and expanding the reach of these novel treatments in clinical-stage development. Founded in 2015, Cartesian Therapeutics continues to pioneer RNA-engineered cell therapy approaches with a robust pipeline and strategic alliances enhancing its operational and financial capacity to support ongoing and future clinical trials.

Company News

APIChat
  • Cartesian Therapeutics Secures up to $150 Million of Non-Dilutive Financing from K2 HealthVentures and Expects Topline Data from the Phase 3 AURORA Trial in First Quarter 2027

  • Cartesian Therapeutics Secures up to $150 Million of Non-Dilutive Financing from K2 HealthVentures and Expects Topline Data from the Phase 3 AURORA Trial in First Quarter 2027

  • Cartesian Therapeutics to Participate in the H.C. Wainwright 4th Annual BioConnect Investor Conference at NASDAQ

  • Cartesian Therapeutics Announces New Employment Inducement Grants

  • Cartesian Therapeutics, Inc. (RNAC) Reports Q1 Loss, Lags Revenue Estimates

  • Cartesian Therapeutics Reports First Quarter 2026 Financial Results and Provides Business Update

  • Cartesian Therapeutics: A Phase 3 mRNA CAR-T Bet

  • Cartesian Therapeutics, Inc. (RNAC) Soars 10.3%: Is Further Upside Left in the Stock?

  • Cartesian Therapeutics, Inc. (RNAC) Presents at 25th Annual Needham Virtual Healthcare Conference Transcript

  • Cartesian Therapeutics Announces New Employment Inducement Grants

  • Cartesian Therapeutics, Inc. (NASDAQ:RNAC) Receives $38.50 Average Price Target from Brokerages

  • Analyzing Cartesian Therapeutics (NASDAQ:RNAC) and Applied Therapeutics (NASDAQ:APLT)

  • Cartesian Therapeutics, Inc. (NASDAQ:RNAC) Receives $38.50 Average PT from Brokerages

  • Cartesian Therapeutics Announces New Employment Inducement Grants

  • Cartesian Therapeutics, Inc. (RNAC) Upgraded to Buy: What Does It Mean for the Stock?

  • Cartesian Therapeutics, Inc. (NASDAQ:RNAC) Receives $38.50 Consensus Target Price from Brokerages

  • Cartesian Therapeutics Highlights Recent Progress and Outlines 2026 Outlook

  • Cartesian Therapeutics Announces New Employment Inducement Grants

  • Contrasting Beyond Air (NASDAQ:XAIR) & Cartesian Therapeutics (NASDAQ:RNAC)

  • Cartesian Therapeutics Announces the Appointment of Adrian Bot to Board of Directors