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
DateValue
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