Cartesian Therapeutics (RNAC) EBITDA (2015 - 2026)
Cartesian Therapeutics' (RNAC) quarterly EBITDA came in at -$26.5 million in Q1 2026, down 21.06% year-on-year from -$33.6 million in Q1 2025, and up 66.3% on a QoQ basis from -$78.6 million in Q4 2025.
Cartesian Therapeutics (RNAC) EBITDA (2015 - 2026) Analysis & Trends
Cartesian Therapeutics (RNAC) has 12 years of EBITDA data on file, last reported at -$26.5 million in Q1 2026.
- On a quarterly basis, EBITDA fell 21.06% year-over-year to -$26.5 million in Q1 2026; TTM through Mar 2026 was -$148.0 million, a 182.27% decrease from a year earlier, with the FY2025 full-year figure at -$143.4 million, down 226.69% from the prior year.
- EBITDA for Q1 2026 stood at -$26.5 million, up from -$78.6 million in the prior quarter.
- Over the last five years, EBITDA for RNAC reached as high as $13.9 million in Q2 2022 and fell as low as -$78.6 million in Q4 2025.
- Historically, EBITDA has averaged -$16.8 million across 5 years, with a median of -$18.4 million in 2023.
- Across the five-year window, EBITDA soared 2966.37% in 2022 and slumped 717.07% in 2023, its largest moves.
- Year by year, EBITDA stood at -$8.5 million in 2022, then sank by 327.64% to -$36.3 million in 2023, then increased by 26.43% to -$26.7 million in 2024, then plunged by 194.19% to -$78.6 million in 2025, then jumped by 66.3% to -$26.5 million in 2026.
- Per Business Quant data, the three most recent EBITDA figures were -$26.5 million in Q1 2026, -$78.6 million in Q4 2025, and -$21.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -27.75 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | -15.76 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 249.90 Mn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 1.14 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 642.90 Mn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | -32.68 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | 394.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | -445.22 Mn |
| 10 | Cartesian Therapeutics | 210.28 Mn | 210.28 Mn | - | -26.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -26.50 Mn |
| Dec 31, 2025 | -78.64 Mn |
| Sep 30, 2025 | -21.07 Mn |
| Jun 30, 2025 | -21.81 Mn |
| Mar 31, 2025 | -21.89 Mn |
| Dec 31, 2024 | -26.73 Mn |
| Sep 30, 2024 | -17.58 Mn |
| Jun 30, 2024 | 13.76 Mn |
| Mar 31, 2024 | -13.35 Mn |
| Dec 31, 2023 | -36.33 Mn |
| Sep 30, 2023 | -13.07 Mn |
| Jun 30, 2023 | -18.64 Mn |
| Mar 31, 2023 | -18.38 Mn |
| Dec 31, 2022 | -8.50 Mn |
| Sep 30, 2022 | -1.60 Mn |
| Jun 30, 2022 | 13.86 Mn |
| Mar 31, 2022 | 10.77 Mn |
| Dec 31, 2021 | 4.08 Mn |
| Sep 30, 2021 | -1.97 Mn |
| Jun 30, 2021 | 452,000.00 |