Cartesian Therapeutics (RNAC) EBITDA (2015 - 2026)

Cartesian Therapeutics (RNAC) reported EBITDA of -$39.2 million for Q1 2026, down 121.68% year-over-year from $180.7 million in Q1 2025, and up 57.66% on a QoQ basis from -$92.6 million in Q4 2025.

Cartesian Therapeutics (RNAC) has 12 years of EBITDA data on file, last reported at -$39.2 million in Q1 2026.

  • Quarterly EBITDA fell 121.68% year-over-year to -$39.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$151.8 million (down 296.32% YoY) and the FY2025 annual result came in at -$130.3 million, down 68.19% from the prior year.
  • EBITDA climbed to -$39.2 million in Q1 2026 per RNAC's latest filing, from -$92.6 million in the prior quarter.
  • Across five years, EBITDA topped out at $28.7 million in Q1 2022 and bottomed at -$177.6 million in Q4 2023.
  • The 5-year median for EBITDA is -$11.4 million (2023), against an average of -$25.4 million.
  • The widest annual swing landed in 2023, when EBITDA tumbled 3128.85%; it then soared 221.34% in 2024.
  • Tracing RNAC's EBITDA over 5 years: stood at $5.9 million in 2022, then plunged by 3128.85% to -$177.6 million in 2023, then surged by 94.22% to -$10.3 million in 2024, then plunged by 801.49% to -$92.6 million in 2025, then jumped by 57.66% to -$39.2 million in 2026.
  • Per Business Quant, the three latest RNAC EBITDA figures stand at -$39.2 million (Q1 2026), -$92.6 million (Q4 2025), and -$35.9 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Quantum Biopharma 1,216,509.61 Bn 1,216,509.61 Bn - -13.63 Mn
2 Alterity Therapeutics 764,224.41 Bn 764,224.38 Bn - -
3 Legend Biotech 2,716.00 Bn 2,715.71 Bn 242.10 Mn -19.70 Mn
4 Nanobiotix 2,248.83 Bn 2,248.77 Bn - -
5 Akari Therapeutics 1,951.18 Bn 1,951.17 Bn - -14.44 Mn
6 Vertex Pharmaceuticals 113.69 Bn 106.44 Bn 2.59 Bn 1.14 Bn
7 Evaxion A 64.16 Bn 64.14 Bn - -3.82 Mn
8 Regeneron Pharmaceuticals 63.94 Bn 55.18 Bn 3.31 Bn 661.60 Mn
9 Alnylam Pharmaceuticals 40.13 Bn 37.12 Bn 959.66 Mn 201.19 Mn
10 Cartesian Therapeutics 202.49 Mn 202.49 Mn - -39.19 Mn

Historic Data

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DateValue
Mar 31, 2026 -39.19 Mn
Dec 31, 2025 -92.57 Mn
Sep 30, 2025 -35.91 Mn
Jun 30, 2025 15.90 Mn
Mar 31, 2025 -17.68 Mn
Dec 31, 2024 -10.27 Mn
Sep 30, 2024 -24.20 Mn
Jun 30, 2024 13.85 Mn
Mar 31, 2024 -56.83 Mn
Dec 31, 2023 -177.64 Mn
Sep 30, 2023 -9.02 Mn
Jun 30, 2023 -11.41 Mn
Mar 31, 2023 -21.67 Mn
Dec 31, 2022 5.87 Mn
Sep 30, 2022 -7.94 Mn
Jun 30, 2022 8.72 Mn
Mar 31, 2022 28.75 Mn
Dec 31, 2021 12.23 Mn
Sep 30, 2021 -17.90 Mn
Jun 30, 2021 4.58 Mn
Mar 31, 2021 -24.60 Mn
Dec 31, 2020 -15.43 Mn
Sep 30, 2020 -9.76 Mn
Jun 30, 2020 -24.05 Mn
Mar 31, 2020 -19.68 Mn
Dec 31, 2019 -14.88 Mn
Sep 30, 2019 -12.00 Mn
Jun 30, 2019 -16.39 Mn
Mar 31, 2019 -12.05 Mn
Dec 31, 2018 -14.69 Mn
Sep 30, 2018 -16.04 Mn
Jun 30, 2018 -18.87 Mn
Mar 31, 2018 -15.87 Mn
Dec 31, 2017 -19.56 Mn
Sep 30, 2017 -14.67 Mn
Jun 30, 2017 -16.00 Mn
Mar 31, 2017 -15.00 Mn
Dec 31, 2016 -14.05 Mn
Sep 30, 2016 -7.70 Mn
Jun 30, 2016 -6.75 Mn
Mar 31, 2016 -7.25 Mn
Dec 31, 2015 -7.20 Mn
Sep 30, 2015 -6.53 Mn
Jun 30, 2015 -6.32 Mn