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RNAC
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RNACCartesian Therapeutics, Inc.
$7.53$221M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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RNAC logo

Cartesian Therapeutics, Inc.

RNAC
NASDAQ · Cell & Gene Therapy
$7.53
At close - Nov 6, 4:00 PM EST - USD
Market Cap$221M
P/E-1.8x
52W High$11.00
Volume121.51K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Zero Revenue, Negative Equity, Rising Debt Burn

Cartesian Therapeutics presents a distressed fundamental profile: quarterly revenue collapsed from $33.4M in 2024Q2 to zero by 2026Q2, while R&D expense climbed to $20.4M, widening the operating loss to $29.2M in 2026Q2.

GrowthContracting
ProfitabilityNegative
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

RNAC price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-106% Peers

P/E is 106% below peer median

03

Market leadership

RS 47 · Lag

Laggard (Underperforming 53% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 5

Market performance

Price History →

Trailing total returns as of 11/9/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
RNAC+11.39%
S&P 500 (^GSPC)+7.63%
1-Year Return
RNAC-0.26%
S&P 500 (^GSPC)+9.69%
3-Year Return
RNAC-77.18%
S&P 500 (^GSPC)+77.85%
5-Year Return
RNAC-93.66%
S&P 500 (^GSPC)+65.56%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-1.8x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-1.8x
11.3x
0th· Low
EV/EBITDA
N/A
4.4x
N/A
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$3M-92.8% YoY
Net income FY25
-$130M-68.3% YoY
Free cash flow FY25
-$79M-142.3% YoY
Operating margin FY25
-3099.9%-2987.1 pts YoY
ROIC (FY25)-
Avg ROIC 5Y43.1%
ROE (FY25)-
Piotroski Score1 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate6/12 (60%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
-$0.38+62.4%
vs -$1.01
—
vs $160,000
Q3 2026
Aug 6, 2026
$0.46+152.4%
vs -$0.88
—
vs $179,667
Q2 2026
Apr 30, 2026
-$1.46-73.8%
vs -$0.84
$78,000-64.5%
vs $219,800
Q2 2026
Mar 9, 2026
-$1.38-68.3%
vs -$0.82
$947,000+529.9%
vs $150,333
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
GlobeNewsWire·3d ago
Cartesian Therapeutics Reports Third Quarter 2026 Financial Results and Provides Business Update

Phase 3 AURORA trial of Descartes-08 in myasthenia gravis (MG) advances towards data readout expected in 1Q27 and biologics license application (BLA) filing planned for mid-2027  Retreatment data for Descartes-08 in MG showed deep and durable responses, with a mean 6.6-point MG Activities of Daily Living (MG-ADL) reduction from baseline at Month 12 with no new safety signals Phase 2 TRITON trial of Descartes-08 in myositis and Phase 1/2 HELIOS pediatric trial of Descartes-08 in juvenile dermatomyositis (JDM) continue to progress, with data from both trials expected in 1H27 In vivo CAR-T program, in partnership with WestGene BioPharma, continues to advance Approximately $124.7 million cash, cash equivalents and restricted cash as of September 30, 2026 , expected to support planned operations into 2028 FREDERICK, Md., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Cartesian Therapeutics, Inc. (NASDAQ: RNAC) (“we”, the “Company” or “Cartesian”), a late clinical-stage biotechnology company pioneering cell therapy for autoimmune diseases, today reported financial results for the third quarter ended September 30, 2026, and outlined recent business updates.

GlobeNewsWire·5d ago
Cartesian Therapeutics Announces New Employment Inducement Grant

FREDERICK, Md., Nov. 03, 2026 (GLOBE NEWSWIRE) -- Cartesian Therapeutics, Inc. (NASDAQ: RNAC) (the “Company”), a late clinical-stage biotechnology company pioneering cell therapy for autoimmune diseases, today announced the granting of an inducement award to one new employee.

Seeking Alpha·Oct 29, 2026
Cartesian: Maintaining 'Buy' On Descartes-08 MG Data Release And CAR-T Agreement

Cartesian Therapeutics maintains a 'Buy' rating, driven by advancing Descartes-08 cell therapy programs and imminent late-stage clinical catalysts. Topline results from the phase 3 AURORA study in AChR Ab+ Myasthenia Gravis are expected in Q1 2027, with a potential BLA filing in mid-2027. RNAC is expanding Descartes-08 into myositis indications and pursuing an in vivo CAR-T approach via a strategic WestGene licensing agreement, with initial data in H1 2027.

Defense World·Oct 12, 2026
Cartesian Therapeutics (NASDAQ:RNAC) versus Syndax Pharmaceuticals (NASDAQ:SNDX) Critical Comparison

Syndax Pharmaceuticals (NASDAQ: SNDX - Get Free Report) and Cartesian Therapeutics (NASDAQ: RNAC - Get Free Report) are both small-cap healthcare companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, institutional ownership, valuation, earnings, analyst recommendations, risk and profitability. Volatility and Risk Syndax Pharmaceuticals has a

Filtered for Cartesian Therapeutics, Inc.More Headlines
04

Compare before deciding

Benchmark RNAC against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Cartesian Therapeutics, Inc. (RNAC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
RNAC logoRNACCartesian Therapeutics, Inc.Current
$7.53$221.24M-1.76-92.81%-12635.12%——
KYMR logoKYMRKymera Therapeutics, Inc.
$131.73$10.84B-37.73-16.72%-341.87%-22.39%—
IMVT logoIMVTImmunovant, Inc.
$30.53$6.3B-11.66—-7585.86%-69.59%—
ARQT logoARQTArcutis Biotherapeutics, Inc.
$25.55$3.2B116.8891.34%5.88%14.18%—
RCUS logoRCUSArcus Biosciences, Inc.
$18.28$2.3B-5.23-4.26%-445%-90.04%—
TGTX logoTGTXTG Therapeutics, Inc.
$59.83$9.16B21.3187.32%55.22%72.3%—

Compare RNAC vs Peers

Cartesian Therapeutics, Inc. (RNAC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KYMR

Most directly comparable listed peer for RNAC.

Scale Benchmark

vs MRNA

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

Peer Set

Compare Top 5

vs KYMR, IMVT, ARQT, RCUS

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

RNAC SEC Filings & Documents

Cartesian Therapeutics, Inc. (RNAC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Nov 5, 2026·SEC

Material company update

Aug 6, 2026·SEC

Material company update

Jun 17, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 9, 2026·SEC

FY 2025

Mar 13, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Nov 5, 2026·SEC

FY 2026

Aug 6, 2026·SEC

FY 2026

Apr 30, 2026·SEC

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RNAC Frequently Asked Questions

Cartesian Therapeutics, Inc. (RNAC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Cartesian Therapeutics, Inc.'s revenue?

Cartesian Therapeutics, Inc. (RNAC) reported $1.0M in revenue over the trailing twelve months. Revenue was $2.8M in fiscal year 2025. That is 8% less than the $3.0M of fiscal year 2014.

How fast is Cartesian Therapeutics, Inc. growing?

Cartesian Therapeutics, Inc. (RNAC) revenue fell by 6.0% over the trailing twelve months, compared with the twelve months before.

Is RNAC profitable?

No. Cartesian Therapeutics, Inc. (RNAC) reported a net loss of $129.5M over the trailing twelve months.

Dividend & Returns
What is Cartesian Therapeutics, Inc.'s free cash flow?

Cartesian Therapeutics, Inc. (RNAC) had negative free cash flow of $89.4M over the trailing twelve months.

What if you invested $1,000 in RNAC back in 2014?

Total return calculator · dividends reinvested · 12+ years of data

See returns →