Cartesian Therapeutics, Inc. (RNAC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
7495 NEW HORIZON WAY FREDERICK, MD 21703 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 76,911 | 134,602 | 128,055 | 138,685 | 89,893 | 37,403 | |||
| Cash and cash equivalent | 76,911 | 106,438 | 114,057 | 138,685 | 89,893 | 37,403 | |||
| Short-term investments | 28,164 | 13,998 | |||||||
| Restricted cash and investments | 289 | 279 | |||||||
| Receivables | 5,870 | 6,596 | 9,914 | 7,224 | 5,000 | ||||
| Contract with customer, asset, after allowance for credit loss | 2,981 | 3,162 | |||||||
| Other undisclosed current assets | 4,967 | 3,489 | 6,474 | 5,434 | 1,495 | 4,673 | |||
| Total current assets: | 90,729 | 148,138 | 144,443 | 151,343 | 96,667 | 42,076 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 10,068 | 11,617 | 9,829 | 10,948 | 301 | ✕ | |||
| Property, plant and equipment | 2,113 | 2,794 | 2,142 | 1,395 | 1,222 | 2,127 | |||
| Intangible assets, net (including goodwill) | 198,763 | ||||||||
| Goodwill | 48,163 | ||||||||
| Intangible assets, net (excluding goodwill) | 150,600 | ||||||||
| Restricted cash and investments | 1,377 | 1,311 | 1,379 | 1,379 | 1,379 | 279 | |||
| Other noncurrent assets | |||||||||
| Other undisclosed noncurrent assets | 2,000 | 2,026 | 2,090 | 370 | |||||
| Total noncurrent assets: | 214,321 | 17,748 | 15,440 | 14,092 | 2,902 | 2,406 | |||
| TOTAL ASSETS: | 305,050 | 165,886 | 159,883 | 165,435 | 99,569 | 44,482 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 17,883 | 14,400 | 11,358 | 8,589 | 13,992 | 12,800 | |||
| Taxes payable | ✕ | ✕ | ✕ | 601 | |||||
| Accounts payable | 3,150 | 316 | 224 | 443 | 500 | 1,100 | |||
| Accrued liabilities | 14,733 | 14,084 | 10,533 | 8,146 | 13,492 | 11,700 | |||
| Deferred revenue | 2,311 | 593 | 53,883 | 72,050 | 1,674 | ✕ | |||
| Debt | 8,476 | 5,961 | 19,277 | 21,385 | |||||
| Derivative instruments and hedges, liabilities | 28,307 | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 959 | ||
| Other undisclosed current liabilities | 19,708 | 1,608 | 1,049 | 908 | |||||
| Total current liabilities: | 68,209 | 25,077 | 72,251 | 81,547 | 34,943 | 35,144 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 17,786 | 28,271 | 34,440 | ||||||
| Long-term debt, excluding current maturities | 17,786 | 19,673 | 24,793 | ||||||
| Liabilities, other than long-term debt | 28,180 | 10,055 | 11,417 | 38,746 | 14,680 | 14,756 | |||
| Deferred revenue | 3,538 | 11,417 | 38,746 | 14,680 | ✕ | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 13,818 | ||
| Deferred rent credit | 34 | ||||||||
| Deferred income tax liabilities | 15,853 | ✕ | |||||||
| Other liabilities | 904 | ||||||||
| Operating lease, liability | 8,789 | 10,055 | 8,598 | 9,647 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 348,291 | 19,140 | 25,423 | 28,708 | 41,549 | ||||
| Total noncurrent liabilities: | 376,471 | 46,981 | 65,111 | 101,894 | 56,229 | 14,756 | |||
| Total liabilities: | 444,680 | 72,058 | 137,362 | 183,441 | 91,172 | 49,900 | |||
| Temporary equity, including noncontrolling interest | 296,851 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent | (440,184) | 93,828 | 22,521 | (18,006) | 8,397 | (5,418) | |||
| Common stock | 16 | 15 | 12 | 11 | 9 | 3 | |||
| Additional paid in capital | 179,047 | 493,308 | 457,391 | 391,175 | 348,664 | 279,539 | |||
| Accumulated other comprehensive loss | (4,600) | (4,558) | (4,566) | (4,563) | (4,523) | (4,557) | |||
| Accumulated deficit | (614,647) | (394,937) | (430,316) | (404,629) | (335,753) | (280,403) | |||
| Other undisclosed equity | 3,703 | ||||||||
| Total equity: | (436,481) | 93,828 | 22,521 | (18,006) | 8,397 | (5,418) | |||
| TOTAL LIABILITIES AND EQUITY: | 305,050 | 165,886 | 159,883 | 165,435 | 99,569 | 44,482 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26,004 | 110,777 | 85,077 | 16,597 | 6,677 | 903 | ||
| Gross profit: | 26,004 | 110,777 | 85,077 | 16,597 | 6,677 | 903 | ||
| Operating expenses | (112,420) | (96,239) | (89,674) | (73,418) | (59,132) | (65,925) | ||
| Operating income (loss): | (86,416) | 14,538 | (4,597) | (56,821) | (52,455) | (65,022) | ||
| Nonoperating income (expense) | (143,907) | 2,381 | 59 | 405 | (519) | 1,180 | ||
| Investment income, nonoperating | (144,636) | 2,073 | 44 | 260 | 834 | 1,050 | ||
| Other nonoperating income (expense) | 691 | 330 | 15 | 89 | (1,306) | 10 | ||
| Interest and debt expense | (2,833) | (3,031) | (2,844) | (2,017) | (1,519) | (1,494) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (233,156) | 13,888 | (7,382) | (58,433) | (54,493) | (65,336) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (5,554) | 20,882 | (2,339) | |||||
| Income (loss) from continuing operations before income taxes: | (238,710) | 34,770 | (9,721) | (58,433) | (54,493) | (65,336) | ||
| Income tax expense (benefit) | 19,000 | 609 | (15,966) | |||||
| Income (loss) from continuing operations: | (219,710) | 35,379 | (25,687) | (58,433) | (54,493) | (65,336) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (25,687) | (58,433) | (54,493) | (65,336) | |
| Net income (loss): | (219,710) | 35,379 | (25,687) | (58,433) | (54,493) | (65,336) | ||
| Other undisclosed net loss attributable to parent | (10,443) | (857) | ||||||
| Net income (loss) attributable to parent: | (219,710) | 35,379 | (25,687) | (68,876) | (55,350) | (65,336) | ||
| Other undisclosed net loss available to common stockholders, basic | (37,550) | |||||||
| Net income (loss) available to common stockholders, basic: | (257,260) | 35,379 | (25,687) | (68,876) | (55,350) | (65,336) | ||
| Dilutive securities, effect on basic earnings per share | ||||||||
| Net income (loss) available to common stockholders, diluted: | (257,260) | 35,379 | (25,687) | (68,876) | (55,350) | (65,336) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (219,710) | 35,379 | (25,687) | (58,433) | (54,493) | (65,336) | ||
| Other comprehensive loss | (137) | |||||||
| Comprehensive income (loss): | (219,710) | 35,379 | (25,687) | (58,433) | (54,493) | (65,473) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (42) | 8 | (3) | (10,483) | (823) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (219,752) | 35,387 | (25,690) | (68,916) | (55,316) | (65,473) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.