# Cartesian Therapeutics share price today (Cartesian Therapeutics, Inc., RNAC)

> Cartesian Therapeutics, Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. The latest quarter's profit comes from a one-off item larger than a full quarter's revenue, not from the business. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. RNAC · Healthcare · Biotechnology · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/rnac

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## Key numbers

- Price: $6.41 (−21.5% in a year)
- Revenue (Mar 2026): $78.0 K
- Profit (Mar 2026), incl. one-off: −$37.1 M (one-off item, see below)
- ROE: 103%, FY25

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Cartesian Therapeutics share price today? Cartesian Therapeutics, Inc.'s share price was $6.41 at the close on 3 November 2026. That is 16.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between $6 and $11, and at that close it sat 12% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 9 weeks running. Over the last 1 year the share price moved −52% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 4 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Cartesian Therapeutics pay? Cartesian Therapeutics, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Cartesian Therapeutics on? Cartesian Therapeutics is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Cartesian Therapeutics profitable? Cartesian Therapeutics, Inc. posted a net loss of $37.1 M in the Mar 2026 quarter. That quarter includes a one-off gain bigger than its revenue, so the comparison with last year does not reflect normal business. The full FY25 year was a loss of $130 M. That loss is 47,606.4% of the quarter's revenue. The same quarter a year earlier lost $15.1 M. 10 of the last 12 reported quarters were loss-making. Read this profit with care: at −$37.1 M it is bigger than the quarter's whole revenue of $78.0 K. No business earns more than it takes in from sales, so this is a one-off item (for example a debt settlement, a tax write-back or an asset sale), not money the business earned. The underlying business is running at a −33,973.1% operating margin. The jump on last year, and any P/E built on this profit, come from the one-off, not from a real turn in earnings. ## How much revenue does Cartesian Therapeutics make, and is it growing? Cartesian Therapeutics, Inc. reported $78.0 K of revenue in the Mar 2026 quarter, −92.9% on the same quarter a year earlier. Over 4 years it has grown −57.4% a year on average. The last full year, FY25, came in at $2.8 M. The last four reported quarters add to $1.8 M. The quarterly figures for FY22 do not add up to the full-year total on file, so those quarters are left out of the charts and sums. FY25 revenue was $2.8 M, −92.8% on the year before. Recent pace: the last four quarters grew −58.4% on average, against −57.4% a year over the longer run, so this year is growing at about the same pace as its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −94.8%, against −73.8% a year over the last 8 quarters (rolling over). ## How much of every $100 of sales does Cartesian Therapeutics keep? Cartesian Therapeutics, Inc.'s sales have fallen to very little: FY25 revenue was $2.8 M, against $111 M in FY22. On sales that small an operating margin is not a useful reading, so this section is left out until sales recover. ## Is Cartesian Therapeutics' profit turning into cash? Cartesian Therapeutics, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 its operations used $73.9 M of cash, against −$130 M of profit. After $5.5 M of spending on assets, free cash was −$79.4 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Cartesian Therapeutics' cash go? Cartesian Therapeutics, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $14.8 M on assets over the last 3 years. Averaged over those years that is 175.8% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $14.8 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is Cartesian Therapeutics' P/E ratio, and how does it compare with its own history? Cartesian Therapeutics, Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Cartesian Therapeutics, Inc. at 69.3× its FY25 revenue of $2.8 M. The P/E comes back here once profit turns positive. ## Is the Cartesian Therapeutics business getting better or worse? Cartesian Therapeutics, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 8 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Cartesian Therapeutics earn on its capital? Cartesian Therapeutics, Inc. earned a ROE of 103% in FY25. That is up from a low of −370% in FY21. Its return on capital used (ROIC) is left out: on sales this small it reads 3,305%, a number that says nothing useful about the business. ## Does Cartesian Therapeutics have too much debt? Cartesian Therapeutics, Inc.'s net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from 0.18 in FY21 to −0.10 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Cartesian Therapeutics shareholding pattern? 16.3% of Cartesian Therapeutics, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 12.3 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Cartesian Therapeutics from balance-sheet trouble? For Cartesian Therapeutics, Inc., the Z-score is −3.93. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of −3.93 is inside the danger zone, so the balance sheet is a real risk. ## How does Cartesian Therapeutics rank in its industry? There is no score against its industry: Cartesian Therapeutics, Inc. is not among the largest members shown in this industry comparison for Biotechnology. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Cartesian Therapeutics compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Cartesian Therapeutics in size? Cartesian Therapeutics is the 194th largest of 211 Biotechnology companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Sol-Gel Technologies, AC Immune SA and Artiva Biotherapeutics, Inc. Just below it: ProQR Therapeutics N.V., Compugen and Niagen Bioscience, Inc. ### Biotechnology companies close in size

1. [Sol-Gel Technologies Ltd.](https://www.sectoralpha.in/us/stocks/slgl) $209 million
2. [AC Immune SA](https://www.sectoralpha.in/us/stocks/aciu) $208 million
3. [Artiva Biotherapeutics, Inc.](https://www.sectoralpha.in/us/stocks/artv) $205 million
4. Cartesian Therapeutics, Inc. $194 million
5. [ProQR Therapeutics N.V.](https://www.sectoralpha.in/us/stocks/prqr) $193 million
6. [Compugen Ltd.](https://www.sectoralpha.in/us/stocks/cgen) $190 million
7. [Niagen Bioscience, Inc.](https://www.sectoralpha.in/us/stocks/nage) $187 million

[All 211 Biotechnology companies, largest first](https://www.sectoralpha.in/us/sectors/biotechnology#all-companies)

## What else do people ask about Cartesian Therapeutics? ### What were Cartesian Therapeutics's latest quarterly results? Cartesian Therapeutics, Inc. reported revenue of $78.0 K and a net loss of $37.1 M for the Mar 2026 quarter. Earnings per share were −$1.38. The operating margin was −33,973.1%, 31,983.2 percentage points lower than a year earlier (as of 3 November 2026). ### What is Cartesian Therapeutics's market cap? Cartesian Therapeutics, Inc.'s market capitalisation is $194 M at a stock price of $6.41. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Cartesian Therapeutics performing? Cartesian Therapeutics, Inc.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 9 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Cartesian Therapeutics's stock price go up? This page does not forecast Cartesian Therapeutics, Inc.'s stock price. What it shows instead: the stock price is $6.41. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### What could break the Cartesian Therapeutics story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Cartesian Therapeutics a stock worth studying right now? What the numbers show: Cartesian Therapeutics, Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. The latest quarter's profit comes from a one-off item larger than a full quarter's revenue, not from the business. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.