State Ledger
Company profile

Cartesian Therapeutics, Inc. CIK 1453687

Ticker
RNAC (Nasdaq)
Industry
Pharmaceutical Preparations
Headquarters
Frederick, MD 21703
Fiscal year end
2025 (FY)
Market Data
Close
$6.58
Change
-$0.44
Change %
-6.27%
Volume
3,860

RNAC · trading date Oct 13, 2026 · previous close $7.02 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$2.80M
Net income
-$130.30M
Total assets
$296.41M
Total liabilities
$422.65M
Stockholders' equity
-$126.24M
Cash & equivalents
$125.14M
Operating income
-$143.41M
Operating cash flow
-$73.94M
Capital expenditures
$5.45M

Fiscal year 2025, via 10-K filed 2026-03-09. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
-5,127.1%
Net margin
-4,658.6%
Free cash flow
-$79.40M
Free cash flow margin
-2,838.6%
Liabilities / assets
142.6%
Equity / assets
-42.6%
CapEx / revenue
195.0%
Operating cash flow / net income
0.57×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $2.80M -$130.30M $296.41M $422.65M -$126.24M
2024 $38.91M -$77.42M $435.02M $441.83M -$6.80M
2023 $26.00M -$219.71M $305.05M $444.68M -$440.18M
2022 $110.78M $35.38M $165.89M $72.06M $93.83M
2021 $85.08M -$25.69M $159.88M $137.36M $22.52M
Company Details
SIC code
2834
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form SCHEDULE 13G
2026-08-13
Financials filed via
Form 10-K
filed 2026-03-09

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Frederick, MD 21703
7495 NEW HORIZON WAY
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:32 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

← Back to Maryland — Public Companies