Cullinan Therapeutics CGEM
NASDAQ CGEM
$22.16 +0.00 (+0.00%)
As of: Sep 4, 2026 · 2:21 PM EDT

Cullinan Therapeutics (CGEM) Operating Expenses (2020 - 2026)

Cullinan Therapeutics (CGEM) posted quarterly Operating Expenses of $53.7 million for Q1 2026, down 2.36% year-over-year from $55.0 million in Q1 2025, and down 2.83% quarter-over-quarter from $55.3 million in Q4 2025.

Analysis

Cullinan Therapeutics (CGEM) Operating Expenses (2020 - 2026) Analysis & Trends

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

  • In Q1 2026, Operating Expenses fell 2.36% year-over-year to $53.7 million; the TTM figure through Mar 2026 stood at $240.3 million (up 15.04% YoY), while the FY2025 annual figure was $241.6 million, up 22.71% from the prior year.
  • Operating Expenses for Q1 2026 stood at $53.7 million, down from $55.3 million in the prior quarter.
  • The five-year high for Operating Expenses was $75.8 million in Q2 2025, with the low at $29.8 million in Q3 2022.
  • The 5-year median for Operating Expenses is $48.9 million (2024), against an average of $47.9 million.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 123.48% in 2022, then plunged 31.5% in 2024.
  • Cullinan Therapeutics' Operating Expenses stood at $32.6 million in 2022, then soared by 39.49% to $45.5 million in 2023, then grew by 21.02% to $55.0 million in 2024, then gained by 0.38% to $55.3 million in 2025, then retreated by 2.83% to $53.7 million in 2026.
  • Business Quant data shows CGEM's Operating Expenses at $53.7 million in Q1 2026, $55.3 million in Q4 2025, and $55.6 million in Q3 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertex Pharmaceuticals 138.87 Bn 131.01 Bn 2.84 Bn 2.09 Bn
2 Regeneron Pharmaceuticals 85.57 Bn 77.57 Bn 3.93 Bn 3.00 Bn
3 Argenx Se 63.51 Bn 58.32 Bn 1.37 Bn -1.05 Bn
4 Moderna 58.19 Bn 53.05 Bn 52.00 Mn 960.00 Mn
5 Revolution Medicines 44.07 Bn 44.07 Bn - 505.13 Mn
6 BeOne Medicines 39.99 Bn 34.89 Bn 1.53 Bn 1.21 Bn
7 Alnylam Pharmaceuticals 35.38 Bn 32.07 Bn 992.69 Mn 1.06 Bn
8 Royalty Pharma 28.42 Bn 27.58 Bn - 541.02 Mn
9 Insmed 27.41 Bn 26.25 Bn 358.27 Mn 427.03 Mn
10 Cullinan Therapeutics 1.37 Bn 1.37 Bn - 57.25 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 57.25 Mn
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 44.80 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 37.11 Mn
Mar 31, 2022 32.66 Mn
Dec 31, 2021 34.35 Mn
Sep 30, 2021 18.38 Mn