Cartesian Therapeutics (RNAC) Operating Income (2015 - 2026)

Cartesian Therapeutics' (RNAC) quarterly Operating Income 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) Operating Income (2015 - 2026) Analysis & Trends

Cartesian Therapeutics (RNAC) has 12 years of Operating Income data on file, last reported at -$26.5 million in Q1 2026.

  • On a quarterly basis, Operating Income 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.
  • Operating Income for Q1 2026 stood at -$26.5 million, up from -$78.6 million in the prior quarter.
  • Over the last five years, Operating Income for RNAC reached as high as $13.9 million in Q2 2022 and fell as low as -$78.6 million in Q4 2025.
  • Historically, Operating Income has averaged -$16.8 million across 5 years, with a median of -$18.4 million in 2023.
  • Across the five-year window, Operating Income soared 2966.37% in 2022 and slumped 717.07% in 2023, its largest moves.
  • Year by year, Operating Income 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 Operating Income 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) Op. Inc (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -27.75 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 249.90 Mn
4 NuCana 279.75 Bn 279.75 Bn - -3.72 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 493.00 Mn
9 Revolution Medicines 37.78 Bn 37.78 Bn - -445.22 Mn
10 Cartesian Therapeutics 226.07 Mn 226.07 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