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
DateValue
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