Cartesian Therapeutics (RNAC) Operating Expenses (2015 - 2026)
Cartesian Therapeutics' (RNAC) quarterly Operating Expenses came in at $26.6 million in Q1 2026, up 15.61% year-on-year from $23.0 million in Q1 2025, and down 66.61% on a QoQ basis from $79.6 million in Q4 2025.
Cartesian Therapeutics (RNAC) Operating Expenses (2015 - 2026) Analysis & Trends
Cartesian Therapeutics (RNAC) has 12 years of Operating Expenses data on file, last reported at $26.6 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 15.61% year-over-year to $26.6 million in Q1 2026; TTM through Mar 2026 was $149.8 million, a 72.95% increase from a year earlier, with the FY2025 full-year figure at $146.2 million, up 76.55% from the prior year.
- Operating Expenses for Q1 2026 stood at $26.6 million, down from $79.6 million in the prior quarter.
- Over the last five years, Operating Expenses for RNAC reached as high as $79.6 million in Q4 2025 and fell as low as $18.0 million in Q3 2024.
- Historically, Operating Expenses has averaged $27.3 million across 5 years, with a median of $23.2 million in 2022.
- Across the five-year window, Operating Expenses slumped 41.76% in 2024 and soared 206.43% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $25.3 million in 2022, then jumped by 76.34% to $44.6 million in 2023, then slumped by 41.76% to $26.0 million in 2024, then surged by 206.43% to $79.6 million in 2025, then plunged by 66.61% to $26.6 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $26.6 million in Q1 2026, $79.6 million in Q4 2025, and $21.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -28.01 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 | 1.10 Bn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -919.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 445.22 Mn |
| 10 | Cartesian Therapeutics | 210.28 Mn | 210.28 Mn | - | 26.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.58 Mn |
| Dec 31, 2025 | 79.59 Mn |
| Sep 30, 2025 | 21.52 Mn |
| Jun 30, 2025 | 22.11 Mn |
| Mar 31, 2025 | 22.99 Mn |
| Dec 31, 2024 | 25.97 Mn |
| Sep 30, 2024 | 17.96 Mn |
| Jun 30, 2024 | 19.69 Mn |
| Mar 31, 2024 | 19.19 Mn |
| Dec 31, 2023 | 44.60 Mn |
| Sep 30, 2023 | 19.62 Mn |
| Jun 30, 2023 | 23.89 Mn |
| Mar 31, 2023 | 24.32 Mn |
| Dec 31, 2022 | 25.29 Mn |
| Sep 30, 2022 | 22.31 Mn |
| Jun 30, 2022 | 25.41 Mn |
| Mar 31, 2022 | 23.23 Mn |
| Dec 31, 2021 | 25.86 Mn |
| Sep 30, 2021 | 26.40 Mn |
| Jun 30, 2021 | 19.21 Mn |