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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

Price (USD)
Price (USD)

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

Full Financials

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

Turn research into action

Knowing a stock is strong is the start. Knowing how to invest in it when you spot good research is good returns.

Swing Strategy

Buy support, sell on recovery.

Best for:

Risk-tolerant

Trend Following

Enter on trend. Cut losses fast.

Best for:

Active traders

Position Strategy

Ride market cycles. Patient hold.

Best for:

Patient investors

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Earnings Calendar

Next Earnings

Estimated Q3 Release

Nov 04

Est. EPS

Adjusted consensus estimate

-$0.98

Analyst Consensus

Buy

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%

View full analyst ratings