Cartesian Therapeutics, Inc., a clinical-stage biotechnology company, provides mRNA cell therapies for the treatment of autoimmune diseases. The company’s lead product candidate ...
Cartesian Therapeutics, Inc. (NASDAQ: RNAC) is a clinical-stage biotechnology company headquartered in Frederick, Maryland, pioneering the development of mRNA cell therapies for autoimmune diseases. Founded in 2016 and listed on Nasdaq in June 2016, the company focuses on creating engineered T-cell therapies that use mRNA to reprogram cells to target ...Cartesian Therapeutics, Inc. (NASDAQ: RNAC) is a clinical-stage biotechnology company headquartered in Frederick, Maryland, pioneering the development of mRNA cell therapies for autoimmune diseases. Founded in 2016 and listed on Nasdaq in June 2016, the company focuses on creating engineered T-cell therapies that use mRNA to reprogram cells to target disease-causing immune cells. Its lead candidate, Descartes-08, is an autologous mRNA CAR-T therapy directed against BCMA, currently in Phase 2b trials for autoimmune conditions such as generalized myasthenia gravis and systemic lupus erythematosus, and has received rare pediatric disease designation for juvenile dermatomyositis. Another candidate, Descartes-15, is in Phase 1 trials for multiple myeloma. The company's integrated platform includes discovery, cGMP manufacturing, and clinical operations under one roof, allowing rapid iteration and scalability. With a team of 75 employees, Cartesian is led by President and CEO Carsten Brunn, Ph.D., who also serves as Chairman. Financially, the company is pre-revenue with a market cap of approximately $254 million and had cash reserves reflected in a strong current ratio of 7.5, though it continues to incur R&D expenses. The company trades on NASDAQ and is part of the healthcare/biotechnology sector.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$2.8M
-92.8%
-100.0%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-130.3M
-68.3%
+135.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+100.0%
0.0%
—
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-3099.9%
-2648.0%
—
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-4658.6%
-2241.4%
—
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-79.4M
-142.3%
+5.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-2838.6%
-3271.0%
—
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
-10.0%
+95.1%
-537.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
8.65x
-8.2%
-2.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
