Cartesian Therapeutics Inc
RNAC
NASDAQ
Biotechnology
$8.84
USD
+0.12 (+1.38%)
At close: Aug 14, 2026, 4:00 PM EDT
Market Cap $267.91M
Volume 86.4K
About Cartesian Therapeutics Inc
Cartesian Therapeutics, Inc. is a clinical-stage biotechnology company, which engages in mRNA cell therapies for the treatment of autoimmune diseases. The company is headquartered in Frederick, Maryland and currently employs 75 full-time employees. The company went IPO on 2016-06-22. The company leverages its proprietary technology and manufacturing platform to introduce one or more mRNA molecules into cells to enhance their function. The Company’s lead asset, Descartes-08, is a chimeric antigen receptor T-cell therapy (CAR-T) entering Phase 3 clinical development for patients with generalized myasthenia gravis and Phase 2 development for systemic lupus erythematosus, with a Phase 2 basket trial planned in additional autoimmune indications. The Company’s clinical-stage pipeline also includes Descartes-15, a next-generation, autologous anti-B-cell maturation antigen (BCMA) CAR-T being evaluated in a Phase 1 trial in patients with multiple myeloma. Descartes-08 is an autologous chimeric antigen receptor T-cell therapy product targeting B-cell maturation antigen in clinical development for generalized myasthenia gravis and systemic lupus erythematosus.
CEO
Dr. Carsten Brunn
HQ
Frederick, MARYLAND, US
Founded
2016
Employees
75
Quantli Score
8.4
Outperform
Fin. Health
8.1
Profitability
7.6
Growth
9.0
Cash-Flow Q.
8.8
Key Metrics
5 metrics our research team weighs before forming a view on RNAC.
Based on Quantli research · SEC filings · as of Q2 2026
METRIC
VALUE
CHANGE
TREND (3Y)
Revenue Growth (TTM)
-17.3%
—
Gross Margin (TTM)
100.0%
0.0 pp
Operating Margin (TTM)
-10518.6%
-7085.8 pp
Net Margin (TTM)
-10283.8%
-8252.4 pp
Free Cash Flow (TTM)
$-78.61M
—
Financial Snapshot
Revenue
$1.48M
-17.3%
YoY
Gross Margin
100%
TTM
0.0%
YoY
Net Income
$-151.89M
-318.9%
YoY
Operating Cash Flow
$-76.53M
-125.5%
YoY
Key Statistics
Open
$8.77
Previous Close
$8.72
Day Range
$8.50 - $8.96
52 Week Range
$5.60 - $12.39
Volume
86.4K
Average Volume (10 Days)
110.0K
Dividend Yield
—
Valuation Measurement
Market Cap
$267.91M
P/E Ratio (TTM)
—
P/S Ratio (TTM)
181.39
Financial Highlights
Profit Margin
-10283.8%
Return on Assets
-47.7%
Return on Equity
121.3%
Revenue (TTM)
$1.48M
Net Income (TTM)
$-151.89M
Diluted EPS (TTM)
-$6.00
Total Cash (MRQ)
$147.61M
Levered FCF (TTM)
$-78.61M
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Earnings Calendar
Next Earnings
Estimated Q3 Release
Nov 04
Est. EPS
Adjusted consensus estimate
-$0.98
Analyst Consensus
Based on 3 analyst ratings
Avg Target: $40.67
(+360.1% upside)
High: $44.00 · Low: $38.00
Strong Buy
0%
Buy
100%
Hold
0%
Sell
0%
Strong Sell
0%