8-K Announcements
6Dec 5, 2025·SEC
Oct 15, 2025·SEC
Oct 9, 2025·SEC
Carisma Therapeutics, Inc. (CARM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Carisma Therapeutics, Inc. (CARM) stock price & volume — 10-year historical chart
Carisma Therapeutics, Inc. (CARM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Carisma Therapeutics, Inc. (CARM) competitors in Cell and Gene Therapy Developers — business model, growth, and fundamentals comparison
Carisma Therapeutics, Inc. (CARM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Carisma Therapeutics, Inc. (CARM) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 29.98M | 425K | 0 | 0 | 11.24M | 26.54M | 9.83M | 14.92M | 19.63M | 52.63M |
Revenue Growth % | 2928.38% | -98.58% | -100% | - | - | 136.24% | -62.95% | 51.71% | 31.59% | 159.68% |
Cost of Goods Sold | 0 | 0 | 208K | 219K | 0 | 85K | 0 | 74.13M | 59.67M | 1.02M |
COGS % of Revenue | - | - | - | - | - | 0.32% | - | 496.85% | 303.96% | - |
Gross Profit | 29.98M▲ 0% | 425K▼ 98.6% | -208K▼ 148.9% | -219K▼ 5.3% | 11.24M▲ 5230.6% | 26.46M▲ 135.5% | 9.83M▼ 62.8% | -59.21M▼ 702.1% | -40.04M▲ 32.4% | 51.61M▲ 0% |
Gross Margin % | 100% | 100% | - | - | 100% | 99.68% | 100% | -396.85% | -203.96% | 98.05% |
Gross Profit Growth % | 2928.38% | -98.58% | -148.94% | -5.29% | 5230.59% | 135.48% | -62.83% | -702.05% | 32.37% | - |
Operating Expenses | 23.64M | 20.13M | 25.49M | 36.65M | 28.38M | 54.62M | 66M | 29.52M | 22.14M | 40.76M |
OpEx % of Revenue | 78.84% | 4735.29% | - | - | 252.56% | 205.77% | 671.1% | 197.9% | 112.76% | - |
Selling, General & Admin | 11.44M | 7.9M | 11.62M | 12.21M | 5.09M | 29.39M | 9.38M | 29.52M | 20.14M | 16.38M |
SG&A % of Revenue | 38.14% | 1858.82% | - | - | 45.27% | 110.73% | 95.36% | 197.9% | 102.58% | - |
Research & Development | 12.2M | 12.22M | 13.87M | 24.44M | 23.29M | 25.23M | 56.62M | 74.13M | 59.67M | 27.36M |
R&D % of Revenue | 40.7% | 2876.47% | - | - | 207.3% | 95.04% | 575.74% | 496.85% | 303.96% | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -74.13M | -57.67M | -1.36M |
Operating Income | 6.17M▲ 0% | -19.98M▼ 424.1% | -25.7M▼ 28.6% | -36.87M▼ 43.5% | -28.38M▲ 23.0% | -28.16M▲ 0.8% | -56.16M▼ 99.4% | -88.73M▼ 58.0% | -62.18M▲ 29.9% | 10.85M▲ 0% |
Operating Margin % | 20.57% | -4702.35% | - | - | -252.56% | -106.09% | -571.1% | -594.75% | -316.72% | 20.61% |
Operating Income Growth % | 117.52% | -424.12% | -28.6% | -43.47% | 23.03% | 0.76% | -99.43% | -57.99% | 29.92% | - |
EBITDA | 6.34M | -19.7M | -25.49M | -36.65M | -28.26M | -28.08M | -54.27M | -85.89M | -58.83M | 13.44M |
EBITDA Margin % | 21.16% | -4635.29% | - | - | -251.48% | -105.77% | -551.85% | -575.74% | -299.64% | 25.53% |
EBITDA Growth % | 118.21% | -410.53% | -29.4% | -43.78% | 22.91% | 0.64% | -93.29% | -58.27% | 31.51% | 121.67% |
D&A (Non-Cash Add-back) | 178K | 285K | 208K | 219K | 122K | 85K | 1.89M | 2.84M | 3.35M | 1.69M |
EBIT | 2.14M | -29.03M | -33.69M | -107.5M | -28.38M | -8.61M | -58.08M | -88.73M | -60.18M | 11.97M |
Net Interest Income | 0 | 0 | 0 | 0 | 29K | 10K | -3.15M | 1.94M | 1.7M | 758K |
Interest Income | 0 | 0 | 0 | 0 | 29K | 10K | 0 | 1.94M | 1.7M | 758K |
Interest Expense | 247K | 0 | 0 | 0 | 0 | 0 | 3.15M | 0 | 0 | 0 |
Other Income/Expense | -4.27M | -9.04M | -7.99M | -70.63M | 29K | 19.55M | -5.06M | 1.85M | 1.7M | -2.81M |
Pretax Income | 1.9M▲ 0% | -29.03M▼ 1631.1% | -33.69M▼ 16.1% | -107.5M▼ 219.1% | -28.35M▲ 73.6% | -8.61M▲ 69.6% | -61.23M▼ 611.2% | -86.88M▼ 41.9% | -60.48M▲ 30.4% | 8.04M▲ 0% |
Pretax Margin % | 6.32% | -6830.35% | - | - | -252.31% | -32.43% | -622.6% | -582.34% | -308.05% | 15.28% |
Income Tax | 5K | 0 | 46.86K | 0 | 0 | -8.27M | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0.26% | 0% | -0.14% | 0% | 0% | 96.1% | 0% | 0% | 0% | 0% |
Net Income | 1.89M▲ 0% | -29.03M▼ 1635.1% | -33.69M▼ 16.1% | -107.5M▼ 219.1% | -28.35M▲ 73.6% | -336K▲ 98.8% | -61.23M▼ 18122.0% | -86.88M▼ 41.9% | -60.48M▲ 30.4% | 8.04M▲ 0% |
Net Margin % | 6.31% | -6830.35% | - | - | -252.31% | -1.27% | -622.6% | -582.34% | -308.05% | 15.28% |
Net Income Growth % | 105.65% | -1635.11% | -16.07% | -219.06% | 73.63% | 98.81% | -18122.02% | -41.9% | 30.39% | 112.61% |
Net Income (Continuing) | 1.89M | -29.03M | -33.69M | -107.5M | -28.35M | -336K | -61.23M | -86.88M | -60.48M | 8.04M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 14.39M | 0 | 0 | 0 |
EPS (Diluted) | 1.74▲ 0% | -22.24▼ 1378.2% | -10.91▲ 50.9% | -23.64▼ 116.7% | -3.81▲ 83.9% | -0.04▲ 99.0% | -1.52▼ 4030.4% | -2.59▼ 70.4% | -1.46▲ 43.6% | 0.19▲ 0% |
EPS Growth % | 104.94% | -1378.16% | 50.94% | -116.68% | 83.88% | 99.03% | -4030.43% | -70.39% | 43.63% | 112.82% |
EPS (Basic) | 1.79 | -22.24 | -10.91 | -23.64 | -3.81 | -0.04 | -1.52 | -2.59 | -1.46 | - |
Diluted Shares Outstanding | 1.09M | 1.3M | 3.09M | 4.55M | 5.91M | 9.12M | 40.26M | 33.52M | 41.46M | 41.94M |
Basic Shares Outstanding | 1.05M | 1.3M | 3.09M | 4.55M | 5.91M | 9.12M | 40.26M | 33.52M | 41.46M | 41.79M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Carisma Therapeutics, Inc. (CARM) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 25.93M | 14.98M | 51.76M | 54.45M | 62.87M | 205.6M | 54.59M | 80.47M | 23.82M | 5.87M |
Cash & Short-Term Investments | 25.34M | 14.68M | 50.42M | 48.12M | 55.39M | 162.64M | 52M | 77.61M | 18.83M | 2.78M |
Cash Only | 25.34M | 14.68M | 50.42M | 48.12M | 55.39M | 162.64M | 24.19M | 77.61M | 17.91M | 2.78M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 27.8M | 0 | 925K | 0 |
Accounts Receivable | 0 | 0 | 0 | 0 | 0 | 24.49M | 0 | 0 | 2.86M | 1.64M |
Days Sales Outstanding | - | - | - | - | - | 336.8 | - | - | 53.25 | 10.9 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
Other Current Assets | 585K | 301K | 1.33M | 6.33M | 7.48M | 18.48M | 2.6M | 2.87M | 1.79M | 1.46M |
Total Non-Current Assets | 78.17M | 60.12M | 59.8M | 59.92M | 125.59M | 106.99M | 17.56M | 9.08M | 6.63M | 684K |
Property, Plant & Equipment | 796K | 522K | 321K | 238K | 123K | 43K | 13.45M | 8.94M | 6.42M | 684K |
Fixed Asset Turnover | 37.66x | 0.81x | - | - | 91.35x | 617.30x | 0.73x | 1.67x | 3.06x | 21.43x |
Goodwill | 16.86M | 13.06M | 13.06M | 13.06M | 13.06M | 13.06M | 0 | 0 | 0 | 0 |
Intangible Assets | 60.5M | 46.4M | 46.4M | 46.4M | 46.4M | 14.7M | 0 | 0 | 0 | 0 |
Long-Term Investments | 10K | 10K | 20K | 20K | 20K | 20K | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 10K | 120K | 20K | 196K | 349K | 7.32M | 4.11M | 146K | 208K | 0 |
Total Assets | 104.1M▲ 0% | 75.1M▼ 27.9% | 111.56M▲ 48.6% | 114.36M▲ 2.5% | 188.45M▲ 64.8% | 312.6M▲ 65.9% | 72.15M▼ 76.9% | 89.55M▲ 24.1% | 30.46M▼ 66.0% | 6.55M▲ 0% |
Asset Turnover | 0.29x | 0.01x | - | - | 0.06x | 0.08x | 0.14x | 0.17x | 0.64x | 3.63x |
Asset Growth % | 182.68% | -27.86% | 48.56% | 2.51% | 64.78% | 65.87% | -76.92% | 24.12% | -65.99% | -320.34% |
Total Current Liabilities | 3.98M | 4.72M | 6.11M | 8.52M | 18.05M | 11.57M | 19.67M | 15.91M | 16.05M | 6.81M |
Accounts Payable | 1.67M | 907K | 1.37M | 1.9M | 3.1M | 2.85M | 1.73M | 3.93M | 2.08M | 5.57M |
Days Payables Outstanding | - | - | 2.4K | 3.17K | - | 12.25K | - | 19.37 | 12.73 | 1.39K |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Revenue (Current) | 425K | 0 | 0 | 0 | 1.5M | 0 | 2.46M | 1.41M | 0 | 0 |
Other Current Liabilities | 1.54M | 3.08M | 4.75M | 4.98M | 11.55M | 5.75M | 3.33M | 4.07M | 4.79M | 1.09M |
Current Ratio | 6.51x | 3.17x | 8.47x | 6.39x | 3.48x | 17.77x | 2.78x | 5.06x | 1.48x | 0.86x |
Quick Ratio | 6.51x | 3.17x | 8.47x | 6.39x | 3.48x | 17.77x | 2.78x | 5.06x | 1.48x | 0.86x |
Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | -1.38K |
Total Non-Current Liabilities | 61.44M | 52.34M | 61.24M | 132.55M | 179.63M | 129.32M | 195.15M | 47.11M | 42.31M | 609K |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 33.72M | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 1.85M | 1.19M | 744K | 2.69M |
Deferred Tax Liabilities | 16.34M | 12.53M | 12.53M | 12.53M | 78.16M | 75.82M | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 45.1M | 39.81M | 48.71M | 120.02M | 99.97M | 52M | 114.59M | 926K | 41.57M | 0 |
Total Liabilities | 65.42M | 57.06M | 67.35M | 141.06M | 197.68M | 140.89M | 214.82M | 63.02M | 58.37M | 7.42M |
Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 40.16M | 3.12M | 2.48M | 762K |
Net Debt | -25.34M | -14.68M | -50.42M | -48.12M | -55.39M | -162.64M | 15.97M | -74.48M | -15.43M | -2.02M |
Debt / Equity | - | - | - | - | - | - | - | 0.12x | - | -0.88x |
Debt / EBITDA | - | - | - | - | - | - | - | - | - | 0.06x |
Net Debt / EBITDA | -3.99x | - | - | - | - | - | - | - | - | -0.15x |
Interest Coverage | 8.68x | - | - | - | - | - | -18.47x | - | - | - |
Total Equity | 38.68M▲ 0% | 18.03M▼ 53.4% | 44.21M▲ 145.1% | -26.7M▼ 160.4% | -9.23M▲ 65.4% | 171.71M▲ 1961.0% | -142.67M▼ 183.1% | 26.53M▲ 118.6% | -27.91M▼ 205.2% | -867K▲ 0% |
Equity Growth % | 104.16% | -53.37% | 145.13% | -160.4% | 65.44% | 1960.95% | -183.09% | 118.6% | -205.19% | -13428.65% |
Book Value per Share | 35.58 | 13.82 | 14.31 | -5.87 | -1.56 | 18.84 | -3.54 | 0.79 | -0.67 | -0.02 |
Total Shareholders' Equity | 38.68M | 18.03M | 44.21M | -26.7M | -9.23M | 171.71M | -157.06M | 26.53M | -27.91M | -867K |
Common Stock | 25K | 35K | 77K | 107K | 140K | 199K | 2K | 40K | 41K | 41K |
Retained Earnings | -123.31M | -152.33M | -186.02M | -293.52M | -315.92M | -316.26M | -158.22M | -245.1M | -305.58M | -279.9M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -71K | -331K | -539K | -758K | 0 | 0 | -41K | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 14.39M | 0 | 0 | 0 |
Carisma Therapeutics, Inc. (CARM) cash flow — operating, investing & free cash flow history
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 2.62M | -17.77M | -22.83M | -37.52M | -27.01M | -37.33M | -7.57M | -81.18M | -59.92M | -22.41M |
Operating CF Margin % | 8.75% | -4180% | - | - | -240.41% | -140.63% | -76.94% | -544.12% | -305.2% | - |
Operating CF Growth % | 107.59% | -777.54% | -28.51% | -64.36% | 28.01% | -38.19% | 79.73% | -972.92% | 26.19% | 281.25% |
Net Income | 1.89M | -29.03M | -33.69M | -107.5M | -28.35M | -40.78M | -61.23M | -86.88M | -60.48M | 8.04M |
Depreciation & Amortization | 178K | 285K | 208K | 219K | 448K | 682K | 6.09M | 2.84M | 3.35M | 1.33M |
Stock-Based Compensation | 4.01M | 1.38M | 0 | 0 | 163K | 479K | 0 | 2.32M | 3.65M | 2.21M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 4.12M | 11.7M | 10.03M | 72.86M | 1.18M | 834K | 2.37M | 5.99M | 5.51M | 5.29M |
Working Capital Changes | -2.47M | 611K | 578K | -3.1M | -453K | 1.46M | 45.2M | -5.44M | -11.95M | -39.29M |
Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 23.67M | 0 | 0 | 0 |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | -742K | -760K | 460K | 535K | 1.28M | -974K | -473K | 2.19M | -1.85M | 3.47M |
Cash from Investing | 461K | 98K | -2K | -136K | -440K | -1.87M | -32.56M | 72.41M | -123K | 687K |
Capital Expenditures | 0 | 0 | -2K | -136K | -440K | -1.87M | -4.66M | -1.13M | -123K | 0 |
CapEx % of Revenue | - | - | - | - | 3.92% | 7.05% | 47.39% | 7.59% | 0.63% | 0% |
Acquisitions | 461K | 98K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 461K | 98K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 687K |
Cash from Financing | -13.82M | 7M | 58.58M | 35.36M | 72.26M | 15.96M | 35.77M | 62.18M | 344K | -2.38M |
Debt Issued (Net) | -14.12M | 0 | 0 | 0 | 0 | 0 | -865K | -1.3M | -1.43M | -515K |
Equity Issued (Net) | 304K | 7M | 58.58M | 35.36M | 72.24M | 16.33M | 35.11M | 30.83M | 2.39M | -18K |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | 0 | 0 | 0 | 19K | -366K | 1.53M | 32.65M | -619K | -1.84M |
Net Change in Cash | -10.74M▲ 0% | -10.66M▲ 0.7% | 35.74M▲ 435.2% | -2.3M▼ 106.4% | 44.81M▲ 2047.2% | -23.24M▼ 151.9% | -138.44M▼ 495.8% | 53.41M▲ 138.6% | -59.7M▼ 211.8% | -24.1M▲ 0% |
Free Cash Flow | 2.62M▲ 0% | -17.77M▼ 777.5% | -22.83M▼ 28.5% | -37.66M▼ 64.9% | -27.45M▲ 27.1% | -39.2M▼ 42.8% | -12.23M▲ 68.8% | -82.31M▼ 573.2% | -60.04M▲ 27.1% | -22.41M▲ 0% |
FCF Margin % | 8.75% | -4180% | - | - | -244.32% | -147.68% | -124.32% | -551.71% | -305.83% | -42.59% |
FCF Growth % | 107.53% | -777.54% | -28.52% | -64.94% | 27.1% | -42.79% | 68.81% | -573.23% | 27.06% | 67.2% |
FCF per Share | 2.41 | -13.61 | -7.39 | -8.28 | -4.64 | -4.30 | -0.30 | -2.46 | -1.45 | -0.53 |
FCF Conversion (FCF/Net Income) | 1.39x | 0.61x | 0.68x | 0.35x | 0.95x | 111.10x | 0.12x | 0.93x | 0.99x | -2.79x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63K |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carisma Therapeutics, Inc. (CARM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 6.56% | -102.38% | -108.27% | -1228.08% | - | -0.41% | -421.67% | -327.45% | - | -28.86% |
Return on Invested Capital (ROIC) | 91.6% | -179.62% | - | - | - | -232.76% | - | - | - | -24.18% |
Gross Margin | 100% | 100% | - | - | 100% | 99.68% | 100% | -396.85% | -203.96% | 98.05% |
Net Margin | 6.31% | -6830.35% | - | - | -252.31% | -1.27% | -622.6% | -582.34% | -308.05% | 15.28% |
Debt / Equity | - | - | - | - | - | - | - | 0.12x | - | -0.88x |
Interest Coverage | 8.68x | - | - | - | - | - | -18.47x | - | - | - |
FCF Conversion | 1.39x | 0.61x | 0.68x | 0.35x | 0.95x | 111.10x | 0.12x | 0.93x | 0.99x | -2.79x |
Revenue Growth | 2928.38% | -98.58% | -100% | - | - | 136.24% | -62.95% | 51.71% | 31.59% | 159.68% |
Carisma Therapeutics, Inc. (CARM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Dec 5, 2025·SEC
Oct 15, 2025·SEC
Oct 9, 2025·SEC
Carisma Therapeutics, Inc. (CARM) stock FAQ — growth, dividends, profitability & financials explained
Carisma Therapeutics, Inc. (CARM) reported $52.6M in revenue for fiscal year 2024.
Carisma Therapeutics, Inc. (CARM) grew revenue by 31.6% over the past year. This is strong growth.
Yes, Carisma Therapeutics, Inc. (CARM) is profitable, generating $8.0M in net income for fiscal year 2024 (-308.1% net margin).
Carisma Therapeutics, Inc. (CARM) had negative free cash flow of $22.4M in fiscal year 2024, likely due to heavy capital investments.