Cartesian Therapeutics (RNAC) Operating Expenses (2015 - 2026)
Cartesian Therapeutics (RNAC) reported Operating Expenses of $26.6 million for Q1 2026, up 15.61% year-over-year from $23.0 million in Q1 2025, and down 66.61% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $26.6 million, up 15.61% year-over-year; the trailing twelve-month figure through Mar 2026 was $149.8 million (up 72.95% YoY), and the FY2025 annual result was $146.2 million, up 76.55% from the prior year.
- Operating Expenses fell to $26.6 million in Q1 2026 per RNAC's latest filing, from $79.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $79.6 million in Q4 2025 and troughed at $18.0 million in Q3 2024.
- A 5-year average of $27.3 million and a median of $23.2 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 41.76% in 2024, then surged 206.43% in 2025.
- A 5-year view of Operating Expenses shows it stood at $25.3 million in 2022, then jumped by 76.34% to $44.6 million in 2023, then sank by 41.76% to $26.0 million in 2024, then surged by 206.43% to $79.6 million in 2025, then tumbled by 66.61% to $26.6 million in 2026.
- Business Quant data shows RNAC's Operating Expenses at $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 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.33 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 32.68 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 2.97 Mn |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -138.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -3.82 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 15.76 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 574,669.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 1.85 Bn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -67.40 Mn |
| 10 | Cartesian Therapeutics | 261.84 Mn | 261.84 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 |