Candel Therapeutics (CADL) Retained Earnings (2020 - 2025)

Candel Therapeutics recorded quarterly Retained Earnings of -$230.4 million in Q4 2025, down 14.68% quarter-over-quarter from -$200.9 million in Q3 2025, and down 19.87% year-over-year from -$287.5 million in Q4 2024.

Candel Therapeutics' Retained Earnings history runs 6 years deep, the most recent figure standing at -$230.4 million for Q4 2025.

  • In Q4 2025, Retained Earnings fell 19.87% year-over-year to -$230.4 million; the TTM figure through Dec 2025 stood at -$230.4 million (down 19.87% YoY), while the FY2025 annual figure was -$230.4 million, down 19.87% from the prior year.
  • Retained Earnings came in at -$230.4 million for Q4 2025 at Candel Therapeutics, down from -$200.9 million in the prior quarter.
  • In the past five years, Retained Earnings ranged from a high of -$65.7 million in Q2 2021 to a low of -$230.4 million in Q4 2025.
  • A 5-year average of -$135.0 million and a median of -$125.9 million in 2023 frame the typical range for Retained Earnings.
  • Across the five-year window, Retained Earnings plunged 81.78% in 2021 and decreased 12.78% in 2025, its largest moves.
  • Candel Therapeutics' Retained Earnings stood at -$80.3 million in 2021, then declined by 23.41% to -$99.1 million in 2022, then sank by 38.29% to -$137.0 million in 2023, then plunged by 40.27% to -$192.2 million in 2024, then retreated by 19.87% to -$230.4 million in 2025.
  • According to Business Quant data, Retained Earnings over the past three periods registered -$230.4 million, -$200.9 million, and -$189.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Quantum Biopharma 961,148.99 Bn 961,148.98 Bn - -211.85 Mn
2 Alterity Therapeutics 744,933.29 Bn 744,933.26 Bn - -153.89 Mn
3 Legend Biotech 2,540.00 Bn 2,539.71 Bn 242.10 Mn 1.00 Bn
4 Nanobiotix 2,199.85 Bn 2,199.78 Bn - -438.66 Mn
5 Akari Therapeutics 1,635.88 Bn 1,635.88 Bn - -279.00 Mn
6 Vertex Pharmaceuticals 111.32 Bn 104.07 Bn 2.59 Bn 14.59 Bn
7 Evaxion A 62.56 Bn 62.54 Bn - 130.89 Mn
8 Regeneron Pharmaceuticals 62.55 Bn 53.79 Bn 3.31 Bn 36.42 Bn
9 Alnylam Pharmaceuticals 39.57 Bn 36.56 Bn 959.66 Mn -24.89 Mn
10 Candel Therapeutics 449.62 Mn 449.62 Mn - -230.40 Mn

Historic Data

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DateValue
Dec 31, 2025 -230.40 Mn
Sep 30, 2025 -200.90 Mn
Jun 30, 2025 -189.60 Mn
Mar 31, 2025 -184.83 Mn
Dec 31, 2024 -192.21 Mn
Sep 30, 2024 -178.13 Mn
Jun 30, 2024 -167.49 Mn
Mar 31, 2024 -145.25 Mn
Dec 31, 2023 -137.03 Mn
Sep 30, 2023 -125.90 Mn
Jun 30, 2023 -117.50 Mn
Mar 31, 2023 -107.90 Mn
Dec 31, 2022 -99.09 Mn
Sep 30, 2022 -94.01 Mn
Jun 30, 2022 -85.32 Mn
Mar 31, 2022 -81.17 Mn
Dec 31, 2021 -80.30 Mn
Sep 30, 2021 -81.89 Mn
Jun 30, 2021 -65.73 Mn
Dec 31, 2020 -44.17 Mn