Cartesian Therapeutics (RNAC)
Nasdaq Market Closed
Cartesian Therapeutics, Inc. is a clinical-stage biotechnology company developing cell therapies for autoimmune diseases. The company is best known for applying messenger RNA, or mRNA, to engineered cell therapy, with the goal of creating treatments that can modulate immune activity without permanently altering a patient’s cellular DNA.
Its platform introduces mRNA into cells so that they temporarily express therapeutic proteins. This differs from many traditional cell-therapy approaches that rely on DNA-based engineering, because mRNA naturally breaks down over time and does not integrate into the genome. The temporary nature of expression may offer advantages in diseases where controlled or repeatable immune modulation is desirable, although the clinical profile of each therapy must be established through trials.
Cartesian’s strategy focuses on autoimmune conditions, where the immune system mistakenly attacks the body’s own tissues. Cell therapy has historically been associated with oncology, particularly blood cancers, but the same broad field is increasingly being explored for immune-mediated diseases. By targeting autoimmune disorders, Cartesian seeks to extend advanced cell-based medicine into areas with chronic disease burden and significant unmet need.
The company’s work sits at the intersection of immunology, RNA science and cell manufacturing. Its manufacturing platform is an important part of the business because cell therapies require specialised processes for preparing, modifying and delivering living cells in a reproducible way. As a clinical-stage company, Cartesian Therapeutics is primarily evaluated on the progress of its pipeline, clinical data, safety findings, regulatory interactions and ability to scale manufacturing. Its distinctive proposition is the use of mRNA-engineered cell therapy as a potentially controllable and non-integrating approach to treating autoimmune disease.
Last updated
- Market Cap
- 184.22M
- P/E
- —
- P/FCF
- —
- P/S
- 103.79
- Enterprise Value
- 65.58M
- Sector
- Health Care
- Industry
- Pharmaceutical Preparations
- Address
- 7495 NEW HORIZON WAY, FREDERICK, MD, 21703
Myasthenia Gravis Clinical Trial Pipeline Expands as 25+ Companies Race to Redefine Myasthenia Gravis Treatment Landscape | DelveInsight
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
Myasthenia Gravis Market Set to Surpass USD 16 Billion by 2036, Fueled by Rising Diagnosed Prevalence and Wave of Targeted Biologic Approvals | DelveInsight
Cartesian Therapeutics to Participate in the H.C. Wainwright 4th Annual BioConnect Investor Conference at NASDAQ
Generalized Myasthenia Gravis Market on the Brink of Change: 8 Promising Late-Stage Drugs Signal a New Treatment Era | DelveInsight
Generalized Myasthenia Gravis Market Outlook Shows Strong Momentum During the Forecast Period (2025–2034) Driven by Novel Immunotherapies | DelveInsight
Cartesian Therapeutics Reports First Quarter 2025 Financial Results and Provides Business Update
CAR T-cell Therapy Clinical Trial Pipeline Experiences Momentum: DelveInsight Estimates a Diverse Pipeline Comprising 180+ Companies Working in the Domain
By 2034, CAR-T Cell Therapy Market Set to Soar USD 8.7 Billion, at 1.80% CAGR: Prophecy Market Insights
Cartesian (RNAC) MG Study Meets Goals, Stock Down on Other Updates - Zacks Investment Research
Cartesian Therapeutics Announces First Patient Dosed in Phase 2 Trial of Descartes-08 in Systematic Lupus Erythematosus
Cartesian Therapeutics Announces $130 Million Private Placement Equity Financing
Cartesian Therapeutics Announces Positive Topline Results from Phase 2b Trial of Descartes-08 in Patients with Myasthenia Gravis
Cartesian Therapeutics Announces New Employment Inducement Grant
Cartesian (RNAC) Up as FDA Grants RMAT Tag to Descartes-08
Cartesian Therapeutics Receives FDA Regenerative Medicine Advanced Therapy (RMAT) Designation for Descartes-08 for the Treatment of Myasthenia Gravis
Cartesian Therapeutics to Participate in the H.C. Wainwright 2nd Annual BioConnect Investor Conference at NASDAQ
What Makes Cartesian Therapeutics, Inc. (RNAC) a New Buy Stock
Wall Street Analysts Think Cartesian Therapeutics, Inc. (RNAC) Could Surge 141%: Read This Before Placing a Bet
Cartesian Therapeutics Reports First Quarter 2024 Financial Results and Provides Business Update
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 184.22M
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 65.58M
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- -1.24
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 103.79
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -0.74
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 36.95
- EPS
- -5.26
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- -77.37M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 104.24%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -53.54%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 7.65
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 7.65
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 7.44
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 172.27K
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 6.27
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 78K | 947K | 452K | 298K | 1.1M |
| Gross profit | 78K | 947K | 452K | 298K | 1.1M |
| Operating income | -26.5M | -78.64M | -21.07M | -21.81M | -21.89M |
| EBITDA | -25.88M | -21.33M | -20.46M | -21.41M | -20.73M |
| Net income | -39.18M | -92.58M | -35.9M | 13.26M | -17.71M |
| Basic EPS | -1.46 | -3.57 | -1.38 | 0.51 | -0.68 |
| Diluted EPS | -1.46 | -3.57 | -1.38 | 0.5 | -0.68 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 288.39M | 296.41M | 372.68M | 388.89M | 409.13M |
| Total liabilities | 436.51M | 422.65M | 408.52M | 39.32M | 430.92M |
| Total equity | -148.12M | -126.24M | -35.84M | 349.57M | -21.79M |
| Cash & equivalents | 118.64M | 125.14M | 143.38M | 160.32M | 180.43M |
| Current assets | 122.04M | 129.28M | 147.26M | 163.4M | 185.12M |
| Current liabilities | 15.95M | 14.94M | 13.8M | 12.26M | 15M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | -22.14M | -17.71M | -15.6M | -17.52M | -23.11M |
| Investing cash flow | -27K | -492K | -1.29M | -2.6M | -1.08M |
| Financing cash flow | 15.67M | -52K | -38K | 60K | -8.03M |
| Change in cash | -6.5M | -18.25M | -16.94M | -20.04M | -32.18M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 144 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 8-K — Cartesian Therapeutics, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G/A — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | DEFA14A — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | DEF 14A — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | SCHEDULE 13D/A — Cartesian Therapeutics, Inc. | View Filing | |
| form 4 | Form 4 — Kalayoglu Murat | View Filing | |
| form 4 | Form 4 — Kalayoglu Murat | View Filing | |
| form 4 | Form 4 — Kalayoglu Murat | View Filing | |
| form 4 | Form 4 — Seven One Eight Three Four Irrevocable Trust | View Filing | |
| form 4 | Form 4 — Seven One Eight Three Four Irrevocable Trust | View Filing | |
| form 4 | Form 4 — Hoge Elizabeth | View Filing | |
| form 4 | Form 4 — Hoge Elizabeth | View Filing | |
| form 4 | Form 4 — Seven One Eight Three Four Irrevocable Trust | View Filing | |
| form 4 | Form 4 — Hoge Elizabeth | View Filing | |
| edgar index | 8-K — Cartesian Therapeutics, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | SCHEDULE 13G — Cartesian Therapeutics, Inc. | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| edgar index | 8-K — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 10-K — Cartesian Therapeutics, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | SCHEDULE 13G/A — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 144 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 8-K — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 144 — Cartesian Therapeutics, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| form 4 | Form 4 — Davis Blaine | View Filing | |
| form 4 | Form 4 — Miljkovic Milos | View Filing | |
| form 4 | Form 4 — Brunn Carsten | View Filing | |
| edgar index | 4 — Cartesian Therapeutics, Inc. | View Filing | |
| form 4 | Form 4 — Kalayoglu Murat | View Filing | |
| form 4 | Form 4 — Kalayoglu Murat | View Filing | |
| form 4 | Form 4 — Kalayoglu Murat | View Filing | |
| form 4 | Form 4 — SPRINGER TIMOTHY A | View Filing | |
| form 4 | Form 4 — SPRINGER TIMOTHY A | View Filing | |
| form 4 | Form 4 — SPRINGER TIMOTHY A | View Filing | |
| form 4 | Form 4 — SPRINGER TIMOTHY A | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — Singer Michael | View Filing | |
| form 4 | Form 4 — English Emily | View Filing |