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
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