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CABA logoCabaletta Bio, Inc.(CABA)Earnings, Financials & Key Ratios

CABA•NASDAQ
$4.15
$424M mkt cap·Price updated May 6, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryCell and Gene Therapy Developers
AboutCabaletta Bio, Inc., a clinical-stage biotechnology company, focuses on the discovery and development of engineered T cell therapies for patients with B cell-mediated autoimmune diseases. Its proprietary technology utilizes chimeric autoantibody receptor (CAAR) T cells that are designed to selectively bind and eliminate B cells, which produce disease-causing autoantibodies or pathogenic B cells. The company's lead product candidate is DSG3-CAART, which is in Phase I clinical trial for the treatment of mucosal pemphigus vulgaris, an autoimmune blistering skin disease, and Hemophilia A with Factor VIII alloantibodies. Its product candidate pipeline also includes MuSK-CAART, a preclinical stage product to treat a subset of patients with myasthenia gravis; FVIII-CAART, a discovery stage product to treat a subset of patients with Hemophilia A; and DSG3/1-CAART, a discovery stage product for the treatment of mucocutaneous pemphigus vulgaris. It has a collaboration with the University of Pennsylvania; and research agreement with The Regents of the University of California. The company was formerly known as Tycho Therapeutics, Inc. and changed its name to Cabaletta Bio, Inc. in August 2018. Cabaletta Bio, Inc. was incorporated in 2017 and is headquartered in Philadelphia, Pennsylvania.Show more
  • Revenue$0
  • EBITDA-$172M-43.1%
  • Net Income-$168M-44.9%
  • EPS (Diluted)-1.64+29.9%
  • ROE-126.98%-112.9%
  • ROIC-429.6%-18.9%
  • Debt/Equity0.24+136.2%
Technical→

CABA Key Insights

Cabaletta Bio, Inc. (CABA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Shares diluted 100.0% in last year
  • ✗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.

CABA Price & Volume

Cabaletta Bio, Inc. (CABA) stock price & volume — 10-year historical chart

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CABA Growth Metrics

Cabaletta Bio, Inc. (CABA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-44.87%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM1.28%

Return on Capital

10 Years-51.02%
5 Years-64.3%
3 Years-77.59%
Last Year-126.23%

CABA Recent Earnings

Cabaletta Bio, Inc. (CABA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)
Q2 2026Latest
Mar 23, 2026
EPS
$0.40
Est $0.45
+11.1%
Revenue
—
Est $833,333
Q4 2025
Nov 10, 2025
EPS
$0.44
Est $0.49
+10.2%
Revenue
—
Q3 2025
Aug 7, 2025
EPS
$0.73
Est $0.71
-2.8%
Revenue
—
Est $4M
Q2 2025
May 15, 2025
EPS
$0.71
Est $0.67
-6.0%
Revenue
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 23, 2026
$0.40vs $0.45+11.1%
—vs $833,333
Q4 2025Nov 10, 2025
$0.44vs $0.49+10.2%
—
Q3 2025Aug 7, 2025
$0.73vs $0.71-2.8%
—vs $4M
Q2 2025May 15, 2025
$0.71vs $0.67-6.0%
—
Based on last 12 quarters of dataView full earnings history →

CABA Peer Comparison

Cabaletta Bio, Inc. (CABA) 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
KYMR logoKYMRKymera Therapeutics, Inc.Direct Competitor6.75B82.71-22.41-16.72%-6.12%-25.02%0.05
IMVT logoIMVTImmunovant, Inc.Direct Competitor5.66B27.84-10.20-47.07%0.00
ARQT logoARQTArcutis Biotherapeutics, Inc.Direct Competitor2.89B23.42-180.1591.34%-4.29%-8.52%0.03
ROIV logoROIVRoivant Sciences Ltd.Direct Competitor20.54B28.32-118-11.19%-60.8%-16.27%0.02
PRAX logoPRAXPraxis Precision Medicines, Inc.Direct Competitor7.5B333.30-24.73-100%-58.74%0.00
TGTX logoTGTXTG Therapeutics, Inc.Direct Competitor5.7B36.10240.6740.8%13.31%21.87%1.14
BEAM logoBEAMBeam Therapeutics Inc.Product Competitor2.97B28.90-35.68120.01%-57.24%-7.31%0.24
CRSP logoCRSPCRISPR Therapeutics AGProduct Competitor4.92B52.38-8.10-89.97%-13.29%-25.49%0.11

Compare CABA vs Peers

Cabaletta Bio, Inc. (CABA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KYMR

Most directly comparable listed peer for CABA.

Scale Benchmark

vs JNJ

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

Peer Set

Compare Top 5

vs KYMR, IMVT, ARQT, ROIV

CABA Income Statement

Cabaletta Bio, Inc. (CABA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue000000000
Revenue Growth %---------
Cost of Goods Sold000354K733K3.68M1.43M4.81M0
COGS % of Revenue---------
Gross Profit
0▲ 0%
0▲ 0%
-104K▲ 0%
-354K▼ 240.4%
-733K▼ 107.1%
-3.68M▼ 402.6%
-1.43M▲ 61.3%
-4.81M▼ 237.5%
0▲ 100.0%
Gross Margin %---------
Gross Profit Growth %----240.38%-107.06%-402.59%61.29%-237.52%100%
Operating Expenses250K6.19M18.68M33.48M45.58M50.45M73.23M120.33M172.24M
OpEx % of Revenue---------
Selling, General & Admin250K1.73M7.01M12.1M13.09M11.15M19.24M23.13M29.57M
SG&A % of Revenue---------
Research & Development04.47M11.67M21.38M32.49M39.3M55.42M97.2M142.67M
R&D % of Revenue---------
Other Operating Expenses000000-1.43M00
Operating Income
-250K▲ 0%
-6.19M▼ 2377.2%
-18.68M▼ 201.7%
-33.83M▼ 81.1%
-46.31M▼ 36.9%
-54.14M▼ 16.9%
-74.66M▼ 37.9%
-125.14M▼ 67.6%
-172.24M▼ 37.6%
Operating Margin %---------
Operating Income Growth %--2377.2%-201.68%-81.09%-36.89%-16.9%-37.9%-67.61%-37.64%
EBITDA83.33K0-18.58M-33.48M-45.58M-50.45M-73.23M-120.33M-172.24M
EBITDA Margin %---------
EBITDA Growth %--100%--80.2%-36.14%-10.7%-45.15%-64.31%-43.14%
D&A (Non-Cash Add-back)333.33K6.19M104K354K733K3.68M1.43M4.81M0
EBIT-250K-12.2M-18.68M-33.34M-46.29M-52.98M-67.67M-115.12M0
Net Interest Income001.74M494K24K1.16M6.99M9.28M0
Interest Income0235K1.74M494K24K1.16M6.99M10.03M6.03M
Interest Expense0000000748K-2M
Other Income/Expense0-6.01M1.74M494K24K1.16M6.99M9.28M4.38M
Pretax Income
-250K▲ 0%
-12.2M▼ 4780.8%
-16.94M▼ 38.9%
-33.34M▼ 96.8%
-46.29M▼ 38.8%
-52.98M▼ 14.4%
-67.67M▼ 27.7%
-115.86M▼ 71.2%
-167.86M▼ 44.9%
Pretax Margin %---------
Income Tax000000000
Effective Tax Rate %0%0%0%0%0%0%0%0%0%
Net Income
-250K▲ 0%
-12.2M▼ 4780.8%
-16.94M▼ 38.9%
-33.34M▼ 96.8%
-46.29M▼ 38.8%
-52.98M▼ 14.4%
-67.67M▼ 27.7%
-115.86M▼ 71.2%
-167.86M▼ 44.9%
Net Margin %---------
Net Income Growth %--4780.8%-38.85%-96.77%-38.84%-14.44%-27.75%-71.21%-44.87%
Net Income (Continuing)-250K-12.2M-16.94M-33.34M-46.29M-52.98M-67.67M-115.86M-167.86M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)
-0.01▲ 0%
-0.84▼ 7976.9%
-4.07▼ 384.5%
-1.44▲ 64.6%
-1.80▼ 25.0%
-1.81▼ 0.6%
-1.65▲ 8.8%
-2.34▼ 41.8%
-1.64▲ 29.9%
EPS Growth %--7976.92%-384.52%64.62%-25%-0.56%8.84%-41.82%29.91%
EPS (Basic)-0.01-0.84-4.07-1.44-1.80-1.81-1.65-2.34-1.64
Diluted Shares Outstanding24.03M14.51M5.47M23.14M25.74M29.34M40.95M49.47M102.26M
Basic Shares Outstanding24.03M14.51M4.16M23.14M25.74M29.34M40.95M49.52M102.26M
Dividend Payout Ratio---------

CABA Balance Sheet

Cabaletta Bio, Inc. (CABA) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets1K33.99M140.55M113.53M124.54M108.83M244.49M166.68M138.87M
Cash & Short-Term Investments1K33.02M136.2M108.66M122.22M106.55M241.25M163.96M133.6M
Cash Only1K33.02M136.2M101.43M122.22M81.61M193.24M163.96M82.98M
Short-Term Investments0007.23M024.94M48.01M050.62M
Accounts Receivable000000000
Days Sales Outstanding---------
Inventory000000000
Days Inventory Outstanding---------
Other Current Assets002.76M1.85M1.97M2.29M02.71M5.27M
Total Non-Current Assets0180K916K1.19M1.79M8.13M9.16M22.31M26.21M
Property, Plant & Equipment00815K890K1.44M7.57M7.45M16.08M21.05M
Fixed Asset Turnover---------
Goodwill000000000
Intangible Assets000000000
Long-Term Investments000000000
Other Non-Current Assets0180K101K299K357K565K1.71M6.23M5.16M
Total Assets
1K▲ 0%
34.17M▲ 3417300.0%
141.47M▲ 314.0%
114.72M▼ 18.9%
126.34M▲ 10.1%
116.97M▼ 7.4%
253.65M▲ 116.9%
185.05M▼ 27.0%
165.08M▼ 10.8%
Asset Turnover---------
Asset Growth %-3417300%313.96%-18.9%10.12%-7.42%116.85%-27.05%-10.79%
Total Current Liabilities250K943K3.15M5.18M8.38M9.49M15.99M27.09M50.15M
Accounts Payable189K603K920K1.24M2.33M2.46M4.55M4.92M6.64M
Days Payables Outstanding---1.28K1.16K244.031.16K373.34-
Short-Term Debt0000000024.22M
Deferred Revenue (Current)000000000
Other Current Liabilities12K219K705K38K3.07M1.33M40K8.36M25.93M
Current Ratio0.00x36.05x44.66x21.92x14.86x11.47x15.29x6.15x2.77x
Quick Ratio0.00x36.05x44.66x21.92x14.86x11.47x15.29x6.15x2.77x
Cash Conversion Cycle---------
Total Non-Current Liabilities189K43.92M920K002.96M1.46M5.63M2.88M
Long-Term Debt000000002.88M
Capital Lease Obligations000002.96M1.46M5.63M0
Deferred Tax Liabilities000000000
Other Non-Current Liabilities000000000
Total Liabilities250K44.86M3.15M5.18M8.38M12.45M17.45M32.71M53.03M
Total Debt043.92M0005.14M5.02M15.6M27.1M
Net Debt-1K10.9M-136.2M-101.43M-122.22M-76.47M-188.22M-148.36M-55.88M
Debt / Equity-----0.05x0.02x0.10x0.24x
Debt / EBITDA---------
Net Debt / EBITDA-0.01x--------
Interest Coverage--------167.30x-
Total Equity
-249K▲ 0%
-10.69M▼ 4193.2%
138.32M▲ 1393.9%
109.54M▼ 20.8%
117.96M▲ 7.7%
104.52M▼ 11.4%
236.2M▲ 126.0%
152.34M▼ 35.5%
112.05M▼ 26.4%
Equity Growth %--4193.17%1393.93%-20.8%7.68%-11.39%125.98%-35.51%-26.44%
Book Value per Share-0.01-0.7425.294.734.583.565.773.081.10
Total Shareholders' Equity-249K-10.69M138.32M109.54M117.96M104.52M236.2M152.34M112.05M
Common Stock00000001K1K
Retained Earnings-250K-12.45M-32.96M-66.3M-112.59M-165.56M-233.24M-349.1M-516.96M
Treasury Stock000000000
Accumulated OCI0006K0-47K39K025K
Minority Interest000000000

CABA Cash Flow Statement

Cabaletta Bio, Inc. (CABA) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations0-4.66M-16.05M-26.77M-34.11M-46.38M-53.55M-88.22M-131.08M
Operating CF Margin %---------
Operating CF Growth %---244.24%-66.84%-27.41%-35.98%-15.46%-64.75%-48.58%
Net Income-333.33K-12.2M-16.94M-33.34M-46.29M-52.98M-67.67M-115.86M-167.86M
Depreciation & Amortization00104K354K733K1.18M1.43M1.71M1.65M
Stock-Based Compensation0606K2.3M4.39M5.8M6.9M11.34M19.46M20.94M
Deferred Taxes00-2.26M000000
Other Non-Cash Items252K7.4M2.26M119K62K2.82M1.26M4.86M14.19M
Working Capital Changes81.33K-464K-1.51M1.71M5.58M-4.3M101K1.61M0
Change in Receivables000000000
Change in Inventory000000000
Change in Payables0234K246K555K975K-28K1.68M1.01M1.55M
Cash from Investing00-693K-7.98M6M-27.22M-22.45M47.29M-50.27M
Capital Expenditures00-693K-635K-1.17M-2.45M-687K-2.21M-1.23M
CapEx % of Revenue---------
Acquisitions0007.35K024.76K000
Investments---------
Other Investing000-7.35K0-24.76K000
Cash from Financing1.33K37.68M119.92M-24K48.9M32.98M187.63M11.68M100.35M
Debt Issued (Net)012.54M00000-897K0
Equity Issued (Net)025.31M121.21M-192K48.25M32.85M185.2M10.88M0
Dividends Paid00-10.09M000000
Share Repurchases0-169K0-192K0000291K
Other Financing1.33K-169K8.8M168K650K127K2.43M1.7M100.35M
Net Change in Cash
1.33K▲ 0%
33.02M▲ 2476719.2%
103.19M▲ 212.5%
-34.77M▼ 133.7%
20.79M▲ 159.8%
-40.62M▼ 295.3%
111.63M▲ 374.9%
-29.28M▼ 126.2%
-80.98M▼ 176.6%
Free Cash Flow
0▲ 0%
-4.66M▲ 0%
-16.74M▼ 259.1%
-27.41M▼ 63.7%
-35.27M▼ 28.7%
-48.83M▼ 38.4%
-54.24M▼ 11.1%
-90.43M▼ 66.7%
-132.31M▼ 46.3%
FCF Margin %---------
FCF Growth %---259.11%-63.73%-28.72%-38.44%-11.06%-66.74%-46.31%
FCF per Share--0.32-3.06-1.18-1.37-1.66-1.32-1.83-1.29
FCF Conversion (FCF/Net Income)-0.38x0.95x0.80x0.74x0.88x0.79x0.76x0.78x
Interest Paid000000000
Taxes Paid000000000

CABA Key Ratios

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

Metric201720182019202020212022202320242025
Return on Equity (ROE)---26.55%-26.9%-40.69%-47.62%-39.72%-59.64%-126.98%
Return on Invested Capital (ROIC)---1202.25%-495.99%-1804.87%-341.43%-147.3%-361.32%-429.6%
Debt / Equity-----0.05x0.02x0.10x0.24x
Interest Coverage--------167.30x-
FCF Conversion-0.38x0.95x0.80x0.74x0.88x0.79x0.76x0.78x

CABA SEC Filings & Documents

Cabaletta Bio, Inc. (CABA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 23, 2026·SEC

Material company update

Jan 12, 2026·SEC

Material company update

Nov 10, 2025·SEC

10-K Annual Reports

3
FY 2026

Mar 23, 2026·SEC

FY 2025

Mar 31, 2025·SEC

FY 2024

Mar 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 15, 2025·SEC

CABA Frequently Asked Questions

Cabaletta Bio, Inc. (CABA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Cabaletta Bio, Inc. (CABA) grew revenue by 0.0% over the past year. Growth has been modest.

Cabaletta Bio, Inc. (CABA) reported a net loss of $167.9M for fiscal year 2025.

Dividend & Returns

Cabaletta Bio, Inc. (CABA) has a return on equity (ROE) of -127.0%. Negative ROE indicates the company is unprofitable.

Cabaletta Bio, Inc. (CABA) had negative free cash flow of $132.3M in fiscal year 2025, likely due to heavy capital investments.

Explore More CABA

Cabaletta Bio, Inc. (CABA) 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

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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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