Cullinan Therapeutics (CGEM) EBITDA (2020 - 2026)

Cullinan Therapeutics' (CGEM) quarterly EBITDA came in at -$53.7 million in Q1 2026, up 2.36% year-on-year from -$52.5 million in Q1 2025, and up 2.83% quarter-over-quarter from -$55.3 million in Q4 2025.

Cullinan Therapeutics (CGEM) EBITDA (2020 - 2026) Analysis & Trends

Cullinan Therapeutics' EBITDA history runs 7 years deep, the most recent figure standing at -$53.7 million for Q1 2026.

  • On a quarterly basis, EBITDA rose 2.36% year-over-year to -$53.7 million in Q1 2026; TTM through Mar 2026 was -$240.3 million, a 15.04% decrease from a year earlier, with the FY2025 full-year figure at -$241.6 million, down 22.71% from the prior year.
  • EBITDA climbed to -$53.7 million in Q1 2026 per CGEM's latest filing, from -$55.3 million in the prior quarter.
  • Across five years, EBITDA topped out at $239.7 million in Q2 2022 and bottomed at -$75.8 million in Q2 2025.
  • The 5-year median for EBITDA is -$48.9 million (2024), against an average of -$31.7 million.
  • Biggest YoY gain for EBITDA was 1543.5% in 2022; the steepest drop was 2480.25% in 2022.
  • Year by year, EBITDA stood at -$32.6 million in 2022, then slumped by 39.49% to -$45.5 million in 2023, then decreased by 21.02% to -$55.0 million in 2024, then dropped by 0.38% to -$55.3 million in 2025, then increased by 2.83% to -$53.7 million in 2026.
  • Per Business Quant, the three latest CGEM EBITDA figures stand at -$53.7 million (Q1 2026), -$55.3 million (Q4 2025), and -$55.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -27.75 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 249.90 Mn
4 NuCana 279.75 Bn 279.75 Bn - -3.72 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 493.00 Mn
9 Revolution Medicines 37.78 Bn 37.78 Bn - -445.22 Mn
10 Cullinan Therapeutics 368.65 Mn 368.65 Mn - -53.70 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -53.70 Mn
Dec 31, 2025 -55.26 Mn
Sep 30, 2025 -55.60 Mn
Jun 30, 2025 -75.80 Mn
Mar 31, 2025 -55.00 Mn
Dec 31, 2024 -55.05 Mn
Sep 30, 2024 -48.86 Mn
Jun 30, 2024 -50.03 Mn
Mar 31, 2024 -42.99 Mn
Dec 31, 2023 -45.49 Mn
Sep 30, 2023 -45.24 Mn
Jun 30, 2023 -37.61 Mn
Mar 31, 2023 -62.76 Mn
Dec 31, 2022 -32.61 Mn
Sep 30, 2022 -29.77 Mn
Jun 30, 2022 239.68 Mn
Mar 31, 2022 -32.66 Mn
Dec 31, 2021 -34.35 Mn
Sep 30, 2021 -18.38 Mn
Jun 30, 2021 -16.60 Mn