Cartesian Therapeutics, Inc.

Cartesian Therapeutics, Inc.

RNACยทNASDAQ

$6.26

-0.24%
HealthcareBiotechnology

Selecta Biosciences, Inc., a clinical-stage biopharmaceutical company, engages in the research and development of nanoparticle immunomodulatory drugs for the treatment and prevention of human diseases. The company's lead therapeutic gene therapy program is SEL-302 that is in Phase I clinical trial to enhance the treatment of methylmalonic acidemia. It is also developing biologic therapies, such as SEL-212 that is in Phase III clinical trials for the treatment of chronic refractory gout; and product candidates to treat IgA-mediated diseases, including IgA nephropathy, linear IgA bullous dermatitis, IgA pemphigus, and Henoch-Schonlein purpura. In addition, the company is developing gene therapies comprising for the treatment of pompe disease, duchenne muscular dystrophy, limb-girdle muscular dystrophy, lysosomal storage disorder, and other autoimmune diseases. Further, it develops tolerogenic therapies to treat autoimmune diseases. The company has license and collaboration agreements with Ginkgo Bioworks Holdings, Inc.; Genovis AB (publ.); Cyrus Biotechnology, Inc.; IGAN Biosciences, Inc.; Astellas Therapeutics, Inc.; Takeda Pharmaceuticals USA, Inc.; Swedish Orphan Biovitrum AB (publ.); Sarepta Therapeutics, Inc.; Asklepios Biopharmaceutical, Inc.; Massachusetts Institute of Technology; and Shenyang Sunshine Pharmaceutical Co., Ltd. Selecta Biosciences, Inc. was incorporated in 2007 and is headquartered in Watertown, Massachusetts.

At a Glance

Live Snapshot
Market Cap$184.08M
EPS-5.0200
P/E Ratio-1.25
Earnings Date08/06/2026
3Y+134.0%
5Y-312.0%
10Y+276.0%
3Y-64.0%
5Y+636.0%
10Y-75.0%
3Y-121.0%
5Y-156.0%
10Y-112.0%
RNAC

Cartesian Therapeutics, Inc. Cash Conversion Engine

RNAC ยท NASDAQ
Net Income-130.30M
Depreciation & Amortization2.96M
Stock-Based Compensation10.52M
Change in Working Capital-8.06M
Others60.14M
Capital Expenditures-5.45M
Free Cash Flow-79.39M

Cash Flow Quality Analysis

FCF Conversion Rate

60.9%

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

CapEx Intensity

-7.4%

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

FCF Growth Trend

-142.3%

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

Working Capital Impact

-$8.06M

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.

Cartesian Therapeutics, Inc. Cash Flow Statement

RNAC โ€ข NASDAQ

Cartesian Therapeutics, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
OPERATING ACTIVITIES
-130.3M
-77.4M
-219.7M
35.4M
-25.7M
-68.9M
-55.4M
-65.3M
-65.3M
-36.2M
-25.2M
-12.9M
3M
1.2M
843K
1.3M
1.3M
734K
2M
975K
750K
802K
1M
864K
-9.2M
287K
-19M
-21.4M
2.4M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
10.5M
6.6M
22.5M
11.2M
7.7M
5.4M
0.0
0.0
0.0
0.0
0.0
1.2M
60.1M
51.5M
159.2M
2.3M
2.1M
12.6M
6.4M
8.4M
9.1M
830K
2.8M
193K
-8.1M
-5.8M
5M
-60.4M
-48.2M
85M
-4.5M
-781K
7.1M
13.2M
427K
-2.1M
-73.9M
-23.7M
-51.2M
-31.6M
-60.4M
34.9M
-51.4M
-59.2M
-52M
-19.7M
-22.5M
-12.7M
INVESTING ACTIVITIES
-5.5M
-9.1M
-206K
-1.2M
-1.1M
-815K
-47K
-884K
-733K
-586K
-1.2M
-227K
(0.0)
(351K)
(6.6M)
(0.0)
(0.0)
(0.0)
(122K)
(99K)
(4K)
(2K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-33.5M
-32.5M
(0.0)
-18.2M
-15.6M
-61.5M
-28.4M
(0.0)
(0.0)
0.0
0.0
28.3M
19.7M
16.4M
0.0
18.3M
41.7M
60.2M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
74K
0.0
0.0
0.0
6.9M
-3.5M
0.0
-5.5M
-8.7M
(34.6M)
-15M
-17.1M
-741K
(229K)
(25.3M)
-2.1M
-22.1M
-4.7M
-227K
FINANCING ACTIVITIES
-301K
124.4M
-6.2M
39M
52M
12.4M
37.7M
0.0
57.1M
71.6M
109K
0.0
0.0
0.0
-27.5M
0.0
0.0
5.4M
-2.8M
0.0
8M
0.0
11.4M
4.5M
(0.0)
(0.0)
-6.2M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-7.8M
4M
231K
235K
939K
-3.4M
70.2M
697K
886K
-4M
-302K
137K
-8.1M
168.4M
-13.1M
39.2M
52.9M
14.4M
105M
697K
66M
67.7M
43.9M
24.8M
CASH FLOW SUMMARY
45K
-21K
-53K
20K
-3K
-58K
-1.1M
0.0
0.0
0.0
0.0
-3.3M
-87.4M
136M
-29.8M
-7.4M
-24.6M
48.5M
52.8M
-33.3M
12M
25.9M
16.8M
8.5M
214.3M
78.3M
108M
115.4M
140.1M
91.6M
37.4M
70.7M
58.7M
32.9M
15.7M
8.1M
126.9M
214.3M
78.3M
108M
115.4M
140.1M
90.2M
37.4M
70.7M
58.7M
32.5M
16.6M
-79.4M
-32.8M
-51.4M
-32.8M
-61.5M
34.1M
-51.5M
-60M
-52.8M
-20.3M
-23.6M
-12.9M

SEC Filings

RNAC - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 26, 2026
May 22, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 30, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 30, 2026
March 31, 2026
2026
DEF 14A

DEF 14A 2025

N/A

April 28, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 30, 2026
March 26, 2026
2026
10-K

10-K 2025 FY

FY

March 09, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 09, 2026
March 09, 2026
2026
8-K

8-K 2026

N/A

January 09, 2026
January 09, 2026
2026
8-K

8-K 2025

N/A

December 18, 2025
December 16, 2025
2025
8-K

8-K 2025

N/A

November 13, 2025
November 13, 2025
2025
Showing 1 to 10 of 240 filings