| Annual · values | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -73.94 M USD | -23.67 M USD | -51.16 M USD | -31.63 M USD | -60.38 M USD | 34.88 M USD | -51.44 M USD | -59.16 M USD | -52.03 M USD | -19.68 M USD | -22.46 M USD | -12.69 M USD |
| Depreciation & Amortization | 2.40 M USD | 1.20 M USD | 700000 USD | 700000 USD | 600000 USD | 600000 USD | 726000 USD | 975000 USD | 750000 USD | 802000 USD | 1.04 M USD | 864000 USD |
| Stock-Based Compensation | 10.52 M USD | 6.58 M USD | 22.52 M USD | 11.19 M USD | 7.72 M USD | 5.42 M USD | 5.16 M USD | 5.71 M USD | 4.08 M USD | — | — | — |
| Capital Expenditures | 5.45 M USD | 9.09 M USD | 206000 USD | 1.20 M USD | 1.08 M USD | 815000 USD | 47000 USD | 884000 USD | 733000 USD | 586000 USD | 1.16 M USD | 227000 USD |
| Cash Flow from Investing | -5.45 M USD | -8.74 M USD | 34.61 M USD | -15.00 M USD | -17.14 M USD | -741000 USD | 229000 USD | 25.27 M USD | -2.10 M USD | -22.10 M USD | -4.68 M USD | -227000 USD |
| Cash Flow from Financing | -8.05 M USD | 168.43 M USD | -13.14 M USD | 39.22 M USD | 52.90 M USD | 14.43 M USD | 105.04 M USD | 697000 USD | 66.02 M USD | 67.66 M USD | 43.91 M USD | 24.77 M USD |
| Dividends Paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock Buybacks | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -79.39 M USD | -32.77 M USD | -51.37 M USD | -32.83 M USD | -61.47 M USD | 34.07 M USD | -51.48 M USD | -60.05 M USD | -52.76 M USD | -20.27 M USD | -23.63 M USD | -12.91 M USD |
Cartesian Therapeutics Inc. is a clinical-stage biotechnology company focused on developing mRNA cell therapies for autoimmune diseases. It utilizes its proprietary ImmTOR immune tolerance platform to induce antigen-specific immunity and mitigate unwanted immune responses, leveraging mRNA technology to enhance cell functions through its manufacturing platform. The lead product candidate, Descartes-08, is an autologous mRNA CAR-T therapy targeting B cell maturation antigen (BCMA) and is in Phase 2b clinical trials for conditions including generalized myasthenia gravis, systemic lupus erythematosus, and juvenile dermatomyositis, which has received rare pediatric disease designation. Additional candidates include Descartes-15, an autologous anti-BCMA mRNA CAR-T for autoimmune diseases and relapsed or refractory multiple myeloma, and Descartes-33 in preclinical development for autoimmune indications. Operating in the healthcare biotechnology sector, Cartesian Therapeutics Inc. advances innovative cell therapy solutions to address unmet needs in autoimmune disorders. Headquartered in Gaithersburg, Maryland, the company concentrates on research and development of these specialized product candidates.