Cullinan Therapeutics (CGEM) Free Cash Flow (2020 - 2026)

Cullinan Therapeutics' (CGEM) quarterly Free Cash Flow came in at -$46.0 million in Q1 2026, down 6.7% year-on-year from -$49.3 million in Q1 2025, and down 20.79% quarter-over-quarter from -$38.1 million in Q4 2025.

Cullinan Therapeutics (CGEM) Free Cash Flow (2020 - 2026) Analysis & Trends

Cullinan Therapeutics' Free Cash Flow history runs 7 years deep, the most recent figure standing at -$46.0 million for Q1 2026.

  • On a quarterly basis, Free Cash Flow fell 6.7% year-over-year to -$46.0 million in Q1 2026; TTM through Mar 2026 was -$178.7 million, a 18.93% decrease from a year earlier, with the FY2025 full-year figure at -$175.8 million, down 20.99% from the prior year.
  • Free Cash Flow retreated to -$46.0 million in Q1 2026 per CGEM's latest filing, from -$38.1 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at -$18.1 million in Q4 2023 and bottomed at -$57.6 million in Q2 2025.
  • The 5-year median for Free Cash Flow is -$36.6 million (2024), against an average of -$37.0 million.
  • Across the five-year window, Free Cash Flow plunged 1346.07% in 2022 and soared 37.48% in 2023, its largest moves.
  • Year by year, Free Cash Flow stood at -$25.9 million in 2022, then rose by 29.9% to -$18.1 million in 2023, then tumbled by 102.01% to -$36.6 million in 2024, then declined by 4.08% to -$38.1 million in 2025, then retreated by 20.79% to -$46.0 million in 2026.
  • Per Business Quant, the three latest CGEM Free Cash Flow figures stand at -$46.0 million (Q1 2026), -$38.1 million (Q4 2025), and -$36.9 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -19.58 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 158.09 Mn
4 NuCana 279.75 Bn 279.75 Bn - -1.53 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.29 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 848.30 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn -
9 Revolution Medicines 37.78 Bn 37.78 Bn - -354.95 Mn
10 Cullinan Therapeutics 368.65 Mn 368.65 Mn - -46.05 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -46.05 Mn
Mar 31, 2026 -46.05 Mn
Dec 31, 2025 -38.12 Mn
Dec 31, 2025 -38.12 Mn
Sep 30, 2025 -36.88 Mn
Sep 30, 2025 -36.88 Mn
Jun 30, 2025 -57.61 Mn
Jun 30, 2025 -57.61 Mn
Mar 31, 2025 -43.16 Mn
Mar 31, 2025 -43.16 Mn
Dec 31, 2024 -36.63 Mn
Dec 31, 2024 -36.63 Mn
Sep 30, 2024 -34.14 Mn
Sep 30, 2024 -34.14 Mn
Jun 30, 2024 -36.29 Mn
Jun 30, 2024 -36.29 Mn
Mar 31, 2024 -38.25 Mn
Mar 31, 2024 -38.25 Mn
Dec 31, 2023 -18.13 Mn
Dec 31, 2023 -18.13 Mn