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.

6.26 USD
6.06 USD
−0.15 (-2.26%)
After-hours

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
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03 Jun 2026, 05:00 AM
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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

26 May 2026, 23:00 PM
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Myasthenia Gravis Market Set to Surpass USD 16 Billion by 2036, Fueled by Rising Diagnosed Prevalence and Wave of Targeted Biologic Approvals | DelveInsight

19 May 2026, 05:00 AM
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Cartesian Therapeutics to Participate in the H.C. Wainwright 4th Annual BioConnect Investor Conference at NASDAQ

12 May 2026, 23:00 PM
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Generalized Myasthenia Gravis Market on the Brink of Change: 8 Promising Late-Stage Drugs Signal a New Treatment Era | DelveInsight

16 Apr 2026, 05:00 AM
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Generalized Myasthenia Gravis Market Outlook Shows Strong Momentum During the Forecast Period (2025–2034) Driven by Novel Immunotherapies | DelveInsight

15 Jan 2026, 07:00 AM
GlobeNewswire Inc.

Cartesian Therapeutics Reports First Quarter 2025 Financial Results and Provides Business Update

08 May 2025, 23:00 PM
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CAR T-cell Therapy Clinical Trial Pipeline Experiences Momentum: DelveInsight Estimates a Diverse Pipeline Comprising 180+ Companies Working in the Domain

06 Mar 2025, 07:00 AM
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By 2034, CAR-T Cell Therapy Market Set to Soar USD 8.7 Billion, at 1.80% CAGR: Prophecy Market Insights

28 Aug 2024, 00:49 AM
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Cartesian (RNAC) MG Study Meets Goals, Stock Down on Other Updates - Zacks Investment Research

04 Jul 2024, 06:30 AM
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Cartesian Therapeutics Announces First Patient Dosed in Phase 2 Trial of Descartes-08 in Systematic Lupus Erythematosus

02 Jul 2024, 22:31 PM
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Cartesian Therapeutics Announces $130 Million Private Placement Equity Financing

02 Jul 2024, 22:31 PM
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Cartesian Therapeutics Announces Positive Topline Results from Phase 2b Trial of Descartes-08 in Patients with Myasthenia Gravis

02 Jul 2024, 22:30 PM
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Cartesian Therapeutics Announces New Employment Inducement Grant

06 Jun 2024, 23:05 PM
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Cartesian (RNAC) Up as FDA Grants RMAT Tag to Descartes-08

24 May 2024, 04:12 AM
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Cartesian Therapeutics Receives FDA Regenerative Medicine Advanced Therapy (RMAT) Designation for Descartes-08 for the Treatment of Myasthenia Gravis

22 May 2024, 23:00 PM
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Cartesian Therapeutics to Participate in the H.C. Wainwright 2nd Annual BioConnect Investor Conference at NASDAQ

14 May 2024, 08:30 AM
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What Makes Cartesian Therapeutics, Inc. (RNAC) a New Buy Stock

14 May 2024, 04:00 AM
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Wall Street Analysts Think Cartesian Therapeutics, Inc. (RNAC) Could Surge 141%: Read This Before Placing a Bet

14 May 2024, 01:55 AM
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Cartesian Therapeutics Reports First Quarter 2024 Financial Results and Provides Business Update

08 May 2024, 23:00 PM
Market Cap
184.22M
Enterprise Value
65.58M
P/E
P/B
-1.24
P/S
103.79
EV / EBITDA
-0.74
EV / Sales
36.95
EPS
-5.26
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-77.37M
ROE
104.24%
ROA
-53.54%
Debt / Equity
0
Current Ratio
7.65
Quick Ratio
7.65
Cash
7.44
Avg Volume
172.27K
Fundamentals Snapshot Price
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
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edgar index 144 — Cartesian Therapeutics, Inc. View Filing
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edgar index 144 — Cartesian Therapeutics, Inc. View Filing
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