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ACLX logoArcellx, Inc.(ACLX)Earnings, Financials & Key Ratios

ACLX•NASDAQ
$115.07
$6.73B mkt cap·Price updated May 6, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryCell and Gene Therapy Developers
AboutArcellx, Inc., a clinical-stage biotechnology company, engages in the development of various immunotherapies for patients with cancer and other incurable diseases. The company's lead ddCAR product candidate is CART-ddBCMA, which is in phase 1 clinical trial for the treatment of patients with relapsed or refractory (r/r) multiple myeloma (MM). It is also developing ACLX-001, an immunotherapeutic combination composed of ARC-T cells and bi-valent SparX proteins targeting BCMA to treat r/r MM; ACLX-002 and ACLX-003 for treating r/r acute myeloid leukemia (AML) and myelodysplastic syndrome (MDS); and other AML/MDS product candidates, as well as solid tumor programs. The company was formerly known as Encarta Therapeutics, Inc. and changed its name to Arcellx, Inc. in January 2016. Arcellx, Inc. was incorporated in 2014 and is headquartered in Gaithersburg, Maryland.Show more
  • Revenue$22M-79.4%
  • EBITDA-$246M-86.1%
  • Net Income-$229M-113.3%
  • EPS (Diluted)-4.07-103.5%
  • Gross Margin70.03%-26.4%
  • EBITDA Margin-1105.65%-801.5%
  • Operating Margin-1135.61%-791.0%
  • Net Margin-1027.25%-932.9%
  • ROE-53.42%-133.9%
  • ROIC-46.21%-32.5%
  • Debt/Equity0.24+101.2%
  • Interest Coverage-8.45+91.7%
Technical→

ACLX Key Insights

Arcellx, Inc. (ACLX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 85 (top 15%)
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Profits declining 48.1% over 5 years
  • ✗Weak Piotroski F-Score: 1/9
  • ✗Negative free cash flow
  • ✗Expensive at 16.1x book value
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ACLX Price & Volume

Arcellx, Inc. (ACLX) stock price & volume — 10-year historical chart

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ACLX Growth Metrics

Arcellx, Inc. (ACLX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-79.35%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-113.26%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-101.99%

Return on Capital

10 Years-57.76%
5 Years-53.56%
3 Years-28.85%
Last Year-46.62%

ACLX Recent Earnings

Arcellx, Inc. (ACLX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 3/12 qtrs (25%)
Q1 2026Latest
Feb 26, 2026
EPS
$1.01
Est $1.01
+0.0%
Revenue
$4M
Est $13M
-65.0%
Q4 2025
Nov 5, 2025
EPS
$0.99
Est $0.96
-3.1%
Revenue
$5M
Est $13M
-60.9%
Q3 2025
Aug 7, 2025
EPS
$0.94
Est $1.03
+8.7%
Revenue
$8M
Est $14M
-44.9%
Q2 2025
May 8, 2025
EPS
$1.13
Est $0.84
-34.5%
Revenue
$8M
Est $13M
-36.8%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 26, 2026
$1.01vs $1.01+0.0%
$4Mvs $13M-65.0%
Q4 2025Nov 5, 2025
$0.99vs $0.96-3.1%
$5Mvs $13M-60.9%
Q3 2025Aug 7, 2025
$0.94vs $1.03+8.7%
$8Mvs $14M-44.9%
Q2 2025May 8, 2025
$1.13vs $0.84-34.5%
$8Mvs $13M-36.8%
Based on last 12 quarters of dataView full earnings history →

ACLX Peer Comparison

Arcellx, Inc. (ACLX) competitors in Cell and Gene Therapy Developers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
LEGN logoLEGNLegend Biotech CorporationDirect Competitor5.35B28.96-8.9964.47%-28.83%-29.22%0.41
KYMR logoKYMRKymera Therapeutics, Inc.Direct Competitor7.04B86.26-23.38-16.72%-6.12%-25.02%0.05
CRSP logoCRSPCRISPR Therapeutics AGDirect Competitor5.31B55.08-8.51-89.97%-138.57%-30.88%0.21
FATE logoFATEFate Therapeutics, Inc.Direct Competitor264.17M2.29-1.99-51.24%-20.51%-65.79%0.38
ALLO logoALLOAllogene Therapeutics, Inc.Direct Competitor529.95M2.31-2.66-100%-57.07%0.26
AUTL logoAUTLAutolus Therapeutics plcDirect Competitor433.77M1.70-1.95496%-439.68%-84.69%0.12
BEAM logoBEAMBeam Therapeutics Inc.Product Competitor3.32B32.33-39.92120.01%-57.24%-7.31%0.24
NTLA logoNTLAIntellia Therapeutics, Inc.Product Competitor1.61B13.85-3.64-100%-61.47%0.14

Compare ACLX vs Peers

Arcellx, Inc. (ACLX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LEGN

Most directly comparable listed peer for ACLX.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare ACLX against a more recognizable public peer.

Peer Set

Compare Top 5

vs LEGN, KYMR, CRSP, FATE

ACLX Income Statement

Arcellx, Inc. (ACLX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue00000110.32M107.94M22.29M
Revenue Growth %-------2.16%-79.35%
Cost of Goods Sold0326K002.22M05.19M6.68M
COGS % of Revenue------4.81%29.97%
Gross Profit
0▲ 0%
-326K▲ 0%
0▲ 100.0%
0▲ 0%
-2.22M▲ 0%
110.32M▲ 5060.4%
102.75M▼ 6.9%
15.61M▼ 84.8%
Gross Margin %-----100%95.19%70.03%
Gross Profit Growth %--100%--5060.39%-6.86%-84.81%
Operating Expenses8.31M17.97M32.1M65.02M189.03M200.2M240.32M268.69M
OpEx % of Revenue-----181.47%222.65%1205.65%
Selling, General & Admin2.2M2.21M7.04M18.14M41.7M66.35M88.41M117.76M
SG&A % of Revenue-----60.14%81.91%528.39%
Research & Development6.11M15.77M25.06M46.88M149.56M133.85M157.09M157.61M
R&D % of Revenue-----121.33%145.54%707.22%
Other Operating Expenses00-10-2.22M0-5.19M-6.68M
Operating Income
-8.31M▲ 0%
-17.97M▼ 116.3%
-32.1M▼ 78.6%
-65.02M▼ 102.6%
-191.26M▼ 194.2%
-89.88M▲ 53.0%
-137.57M▼ 53.1%
-253.08M▼ 84.0%
Operating Margin %------81.47%-127.46%-1135.61%
Operating Income Growth %--116.32%-78.57%-102.57%-194.16%53.01%-53.06%-83.97%
EBITDA-8.22M-17.65M-31.47M-63.98M-189.03M-87.84M-132.38M-246.41M
EBITDA Margin %------79.62%-122.65%-1105.65%
EBITDA Growth %--114.8%-78.3%-103.31%-195.47%53.53%-50.71%-86.13%
D&A (Non-Cash Add-back)93K326K629K1.04M2.22M2.04M5.19M6.68M
EBIT-8.31M-17.97M-32.1M-64.96M-186.96M-66.19M-104.25M-204.65M
Net Interest Income001K290K2.58M19.85M32.29M-24.22M
Interest Income001K300K4.3M23.7M33.32M0
Interest Expense00010K1.72M3.84M1.03M24.22M
Other Income/Expense9992K99949K2.58M19.85M32.29M24.22M
Pretax Income
-8.31M▲ 0%
-17.97M▼ 116.3%
-32.09M▼ 78.6%
-64.97M▼ 102.4%
-188.68M▼ 190.4%
-70.03M▲ 62.9%
-105.28M▼ 50.3%
-228.87M▼ 117.4%
Pretax Margin %------63.48%-97.54%-1026.95%
Income Tax00000663K2.07M69K
Effective Tax Rate %0%0%0%0%0%-0.95%-1.97%-0.03%
Net Income
-8.31M▲ 0%
-17.97M▼ 116.3%
-32.09M▼ 78.6%
-64.97M▼ 102.4%
-188.68M▼ 190.4%
-70.69M▲ 62.5%
-107.35M▼ 51.9%
-228.93M▼ 113.3%
Net Margin %------64.08%-99.46%-1027.25%
Net Income Growth %--116.32%-78.58%-102.43%-190.41%62.53%-51.86%-113.26%
Net Income (Continuing)-8.31M-17.97M-32.09M-64.97M-188.68M-70.69M-107.35M-228.93M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)
-50.17▲ 0%
-0.52▲ 99.0%
-1.47▼ 182.7%
-1.94▼ 32.0%
-4.28▼ 120.6%
-1.47▲ 65.7%
-2.00▼ 36.1%
-4.07▼ 103.5%
EPS Growth %-98.96%-182.69%-31.97%-120.62%65.65%-36.05%-103.5%
EPS (Basic)-50.17-0.52-1.47-1.94-4.28-1.47-2.00-4.07
Diluted Shares Outstanding165.58K34.78M21.78M33.54M44.11M48.06M53.57M56.31M
Basic Shares Outstanding165.58K34.78M21.78M33.54M44.11M48.06M53.57M56.31M
Dividend Payout Ratio--------

ACLX Balance Sheet

Arcellx, Inc. (ACLX) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets14.63M38.07M49.36M112.81M266.86M716.36M599.31M462.18M
Cash & Short-Term Investments14.53M34.58M46.6M104.62M254.84M702.02M587.38M450.33M
Cash Only14.53M34.58M46.6M30.83M64.18M394.58M105.68M80.26M
Short-Term Investments00073.78M190.66M307.43M481.7M370.07M
Accounts Receivable00000003.6M
Days Sales Outstanding-------58.96
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets99K621K1.21M2.05M3.67M7.58M6.05M8.25M
Total Non-Current Assets1.18M5.52M8.34M15.97M46.95M108.77M112.02M141.81M
Property, Plant & Equipment817K4.33M4.9M10.32M39.89M69.83M70.25M0
Fixed Asset Turnover-----1.58x1.54x-
Goodwill00000000
Intangible Assets00000000
Long-Term Investments00199K0027.17M38.28M72.33M
Other Non-Current Assets366K1.19M3.24M5.66M7.06M11.77M3.5M69.47M
Total Assets
15.81M▲ 0%
43.59M▲ 175.7%
57.69M▲ 32.4%
128.78M▲ 123.2%
313.82M▲ 143.7%
825.13M▲ 162.9%
711.33M▼ 13.8%
603.99M▼ 15.1%
Asset Turnover-----0.13x0.15x0.04x
Asset Growth %-175.66%32.36%123.22%143.68%162.93%-13.79%-15.09%
Total Current Liabilities1.82M3.04M5.27M14.85M56.69M118.24M125.41M104.2M
Accounts Payable1.05M1.75M504K1.33M9.05M2.62M2.1M5.58M
Days Payables Outstanding-1.95K--1.49K-147.39304.77
Short-Term Debt00000007.58M
Deferred Revenue (Current)0000050.53M59.06M0
Other Current Liabilities766K1.05M3.4M5.58M8.48M13.74M18.97M91.05M
Current Ratio8.06x12.53x9.36x7.60x4.71x6.06x4.78x4.44x
Quick Ratio8.06x12.53x9.36x7.60x4.71x6.06x4.78x4.44x
Cash Conversion Cycle--------
Total Non-Current Liabilities073.29M1.88M235.45M52.17M221.51M131.13M97.44M
Long-Term Debt000000044.34M
Capital Lease Obligations000052.17M50.84M46.54M44.34M
Deferred Tax Liabilities00000000
Other Non-Current Liabilities073.29M1.88M235.45M008.59M-44.34M
Total Liabilities1.82M76.33M7.15M250.3M108.86M339.75M256.54M201.64M
Total Debt000088.13M97.63M54.08M96.26M
Net Debt-14.53M-34.58M-46.6M-30.83M23.95M-296.96M-51.6M16M
Debt / Equity----0.43x0.20x0.12x0.24x
Debt / EBITDA--------
Net Debt / EBITDA--------
Interest Coverage----6495.90x-108.70x-17.23x-101.21x-8.45x
Total Equity
13.96M▲ 0%
-32.74M▼ 334.5%
50.54M▲ 254.4%
-121.52M▼ 340.4%
204.95M▲ 268.7%
485.38M▲ 136.8%
454.79M▼ 6.3%
402.35M▼ 11.5%
Equity Growth %--334.53%254.38%-340.43%268.67%136.82%-6.3%-11.53%
Book Value per Share84.30-0.942.32-3.624.6510.108.497.15
Total Shareholders' Equity13.96M-32.74M50.54M-121.52M204.95M485.38M454.79M402.35M
Common Stock1K1K2K1K44K52K53K56K
Retained Earnings-15.07M-33.05M-65.14M-130.11M-318.79M-389.48M-496.83M-725.76M
Treasury Stock00000000
Accumulated OCI000-20K-221K547K848K843K
Minority Interest00000000

ACLX Cash Flow Statement

Arcellx, Inc. (ACLX) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-6.86M-18.77M-28.66M-54.24M-99.3M207.57M-83.47M-210.26M
Operating CF Margin %-----188.16%-77.33%-943.45%
Operating CF Growth %--173.6%-52.68%-89.23%-83.09%309.03%-140.21%-151.91%
Net Income-8.31M-17.97M-32.09M-64.97M-188.68M-70.69M-107.35M-228.93M
Depreciation & Amortization93K326K629K1.04M1.32M2.04M5.19M-1.76M
Stock-Based Compensation66K136K1.05M6.75M21.54M41.79M61.09M77.89M
Deferred Taxes00000000
Other Non-Cash Items856K00213K62.06M9.01M-11.62M44K
Working Capital Changes432K-1.26M1.75M2.72M4.45M225.43M-30.78M-57.49M
Change in Receivables00000000
Change in Inventory00000000
Change in Payables0688K-1.33M974K7.42M-6.47M-70K2.66M
Cash from Investing-479K-3.83M-888K-79.98M-117.67M-154.51M-183.04M86.3M
Capital Expenditures-479K-3.83M-888K-5.78M-2.28M-21.43M-13.43M-2.33M
CapEx % of Revenue-----19.42%12.45%10.44%
Acquisitions0000115.4M000
Investments--------
Other Investing0000-115.4M000
Cash from Financing12.48M42.65M41.66M118.45M252.63M279.16M-24.09M98.53M
Debt Issued (Net)000-387K-9.68M-29.39M-39.85M-230K
Equity Issued (Net)042.57M42.8M119.09M259.83M299.71M15.76M137.19M
Dividends Paid00000000
Share Repurchases000-24K0000
Other Financing12.48M86K-1.15M-256K2.47M8.85M0-38.42M
Net Change in Cash
5.14M▲ 0%
20.05M▲ 290.1%
12.11M▼ 39.6%
-15.76M▼ 230.2%
35.65M▲ 326.1%
332.22M▲ 832.0%
-290.6M▼ 187.5%
-25.43M▲ 91.3%
Free Cash Flow
-7.34M▲ 0%
-22.6M▼ 208.0%
-29.55M▼ 30.7%
-60.02M▼ 103.1%
-101.58M▼ 69.2%
186.15M▲ 283.2%
-96.9M▼ 152.1%
-212.59M▼ 119.4%
FCF Margin %-----168.73%-89.78%-953.89%
FCF Growth %--207.96%-30.73%-103.12%-69.24%283.25%-152.06%-119.38%
FCF per Share-44.33-0.65-1.36-1.79-2.303.87-1.81-3.78
FCF Conversion (FCF/Net Income)0.83x1.04x0.89x0.83x0.53x-2.94x0.78x0.92x
Interest Paid00000000
Taxes Paid00000212K1.64M0

ACLX Key Ratios

Arcellx, Inc. (ACLX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)-59.52%--360.56%--452.26%-20.48%-22.84%-53.42%
Return on Invested Capital (ROIC)-----374.73%-32.31%-34.88%-46.21%
Gross Margin-----100%95.19%70.03%
Net Margin------64.08%-99.46%-1027.25%
Debt / Equity----0.43x0.20x0.12x0.24x
Interest Coverage----6495.90x-108.70x-17.23x-101.21x-8.45x
FCF Conversion0.83x1.04x0.89x0.83x0.53x-2.94x0.78x0.92x
Revenue Growth-------2.16%-79.35%

ACLX SEC Filings & Documents

Arcellx, Inc. (ACLX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 28, 2026·SEC

Material company update

Feb 23, 2026·SEC

Material company update

Dec 8, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

ACLX Frequently Asked Questions

Arcellx, Inc. (ACLX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Arcellx, Inc. (ACLX) reported $22.3M in revenue for fiscal year 2025.

Arcellx, Inc. (ACLX) saw revenue decline by 79.4% over the past year.

Arcellx, Inc. (ACLX) reported a net loss of $228.9M for fiscal year 2025.

Dividend & Returns

Arcellx, Inc. (ACLX) has a return on equity (ROE) of -53.4%. Negative ROE indicates the company is unprofitable.

Arcellx, Inc. (ACLX) had negative free cash flow of $212.6M in fiscal year 2025, likely due to heavy capital investments.

Explore More ACLX

Arcellx, Inc. (ACLX) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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