Cabaletta Bio, Inc.

Cabaletta Bio, Inc.

CABAยทNASDAQ

$3.58

-2.7%
HealthcareBiotechnology

Cabaletta Bio, Inc., a clinical-stage biotechnology company, focuses on the discovery and development of engineered T cell therapies for patients with B cell-mediated autoimmune diseases. Its proprietary technology utilizes chimeric autoantibody receptor (CAAR) T cells that are designed to selectively bind and eliminate B cells, which produce disease-causing autoantibodies or pathogenic B cells. The company's lead product candidate is DSG3-CAART, which is in Phase I clinical trial for the treatment of mucosal pemphigus vulgaris, an autoimmune blistering skin disease, and Hemophilia A with Factor VIII alloantibodies. Its product candidate pipeline also includes MuSK-CAART, a preclinical stage product to treat a subset of patients with myasthenia gravis; FVIII-CAART, a discovery stage product to treat a subset of patients with Hemophilia A; and DSG3/1-CAART, a discovery stage product for the treatment of mucocutaneous pemphigus vulgaris. It has a collaboration with the University of Pennsylvania; and research agreement with The Regents of the University of California. The company was formerly known as Tycho Therapeutics, Inc. and changed its name to Cabaletta Bio, Inc. in August 2018. Cabaletta Bio, Inc. was incorporated in 2017 and is headquartered in Philadelphia, Pennsylvania.

At a Glance

Live Snapshot
Market Cap$583.74M
EPS-1.6400
P/E Ratio-2.18
Earnings Date08/06/2026
3Y+183.0%
5Y+390.0%
10Y-
3Y+85.0%
5Y+530.0%
10Y-
3Y+204.0%
5Y-418212.0%
10Y+7527807.0%
CABA

Cabaletta Bio, Inc. Cash Conversion Engine

CABA ยท NASDAQ
Net Income-167.86M
Depreciation & Amortization1.65M
Stock-Based Compensation20.94M
Change in Working Capital-379.00K
Others14.57M
Capital Expenditures-1.23M
Free Cash Flow-132.31M

Cash Flow Quality Analysis

FCF Conversion Rate

78.8%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

-0.9%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-46.3%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$379.00K

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

Cabaletta Bio, Inc. Cash Flow Statement

CABA โ€ข NASDAQ

Cabaletta Bio, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
OPERATING ACTIVITIES
-167.9M
-115.9M
-67.7M
-53M
-46.3M
-33.3M
-16.9M
-12.2M
-333.3K
1.6M
1.7M
1.4M
1.2M
733K
354K
104K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-2.3M
0.0
0.0
20.9M
19.5M
11.3M
6.9M
5.8M
4.4M
2.3M
606K
0.0
14.6M
4.9M
1.3M
2.8M
62K
119K
2.3M
7.4M
252K
-379K
1.6M
101K
-4.3M
5.6M
1.7M
-1.5M
-464K
81.3K
-131.1M
-88.2M
-53.5M
-46.4M
-34.1M
-26.8M
-16M
-4.7M
0.0
INVESTING ACTIVITIES
-1.2M
-2.2M
-687K
-2.5M
-1.2M
-635K
-693K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(24.8K)
(0.0)
(7.3K)
(0.0)
(0.0)
(0.0)
-99M
(0.0)
-84.3M
-49.8M
(0.0)
-11.1M
(0.0)
(0.0)
(0.0)
50M
49.5M
62.5M
25M
7.2M
3.8M
0.0
0.0
0.0
0.0
0.0
0.0
-24.8K
0.0
-7.3K
0.0
0.0
0.0
-50.3M
(47.3M)
-22.5M
-27.2M
(6M)
-8M
-693K
(0.0)
(0.0)
FINANCING ACTIVITIES
106.6M
10.9M
185.2M
32.9M
48.3M
-192K
71.2M
0.0
0.0
-6.3M
-897K
0.0
0.0
0.0
0.0
0.0
12.5M
0.0
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-10.1M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-192K
(0.0)
-169K
(0.0)
0.0
1.7M
2.4M
127K
650K
168K
8.8M
-169K
1.3K
100.3M
11.7M
187.6M
33M
48.9M
-24K
119.9M
37.7M
1.3K
CASH FLOW SUMMARY
19K
-20K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-81M
-29.3M
111.6M
-40.6M
20.8M
-34.8M
103.2M
33M
1.3K
164M
193.2M
81.6M
122.2M
101.4M
136.2M
33M
1K
-1.3K
83M
164M
193.2M
81.6M
122.2M
101.4M
136.2M
33M
1.0
-132.3M
-90.4M
-54.2M
-48.8M
-35.3M
-27.4M
-16.7M
-4.7M
0.0

SEC Filings

CABA - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 03, 2026
June 03, 2026
2026
8-K

8-K 2026

N/A

May 14, 2026
May 14, 2026
2026
8-K

8-K 2026

N/A

May 14, 2026
May 14, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 14, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 04, 2026
May 04, 2026
2026
8-K

8-K 2026

N/A

May 04, 2026
May 04, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 28, 2026
June 09, 2026
2026
8-K

8-K 2026

N/A

April 20, 2026
April 20, 2026
2026
10-K

10-K 2025 FY

FY

March 23, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 23, 2026
March 23, 2026
2026
Showing 1 to 10 of 130 filings