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-97.0%
5Y-83.0%
10Y-65.0%
3Y-468.0%
5Y+89.0%
10Y+260.0%
3Y+134.0%
5Y-312.0%
10Y+276.0%
Cartesian Therapeutics, Inc.

Cartesian Therapeutics, Inc. Profit Bridge

RNAC ยท NASDAQ
Revenue2.80M
Cost of Goods Sold (0.00)
Gross Profit2.80M
Operating Expenses (89.50M)
Operating Income-86.70M
Interest Expense (0.00)
Other Income/Expense-52.79M
Pretax Income-139.50M
Income Tax (-9.19M)
Net Income-130.30M
Net Income
-130.30M

Profitability Analysis

Gross Margin

100.0%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-3099.9%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-4658.6%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Cartesian Therapeutics, Inc. Income Statement

RNAC โ€ข NASDAQ

Cartesian Therapeutics, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
REVENUE
2.8M
38.9M
26M
110.8M
85.1M
16.6M
6.7M
903K
207K
8.1M
6M
3M
GROSS PROFIT
(0.0)
(0.0)
(0.0)
(2M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
2.8M
38.9M
26M
108.7M
85.1M
16.6M
6.7M
903K
207K
8.1M
6M
3M
OPERATING INCOME
(89.5M)
(82.8M)
(112.4M)
(94.2M)
(89.7M)
(73.4M)
(57.1M)
(65M)
(63.2M)
(42M)
(30.3M)
(18.4M)
(31.5M)
(30.1M)
(40.5M)
(23.9M)
(20.9M)
(18.9M)
(14.4M)
(17.3M)
(18.1M)
(12.2M)
(7.3M)
(8M)
(58M)
(45.1M)
(71.3M)
(72.4M)
(68.7M)
(54.5M)
(42.7M)
(47.7M)
(45.2M)
(29.7M)
(23M)
(10.5M)
-86.7M
-43.9M
-86.4M
14.5M
-4.6M
-56.8M
-52.5M
-65M
-63.8M
-34.7M
-25.3M
-15.4M
PRE-TAX INCOME
(0.0)
(0.0)
(2.8M)
(3M)
(2.8M)
(1.6M)
(1.5M)
(1.5M)
(1.2M)
(1.3M)
(948K)
(552K)
6.6M
7.4M
2.1M
-3M
-2.8M
-1.6M
-1.5M
-1.5M
-1.2M
-1.3M
-948K
-552K
(0.0)
(7.6M)
(710K)
-2M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-52.8M
-33.2M
-152.3M
20.2M
-5.1M
-12.1M
-2.9M
-314K
-1.5M
-1.5M
130K
2.5M
-139.5M
-77.1M
-238.7M
34.8M
-9.7M
-68.9M
-55.4M
-65.3M
-65.3M
-36.2M
-25.2M
-12.9M
NET INCOME
-9.2M
(287K)
-19M
-609K
(16M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-130.3M
-77.4M
-219.7M
35.4M
-25.7M
-68.9M
-55.4M
-65.3M
-65.3M
-36.2M
-25.2M
-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