Cabaletta Bio, Inc. logo

Cabaletta Bio, Inc.

CABA

NASDAQHealthcareBiotechnology

Previous close

$3.13

−$0.06 · -1.88%

Aug 21, 4:00 PM ET

CABA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

28

Expensive

Momentum

50

Neutral

Sentiment

43

Mixed

Risk resilience

25

High Risk

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Company profile

Company website

Cabaletta Bio, Inc. is a biotechnology firm in the clinical development stage, specializing in the invention and advancement of sophisticated engineered T cell therapies. Its core mission is to treat autoimmune diseases where B cells are implicated in producing harmful autoantibodies. The company's unique chimeric autoantibody receptor (CAAR) T cell platform is engineered to precisely target and eradicate these specific disease-causing B cells. Leading its pipeline is DSG3-CAART, which is currently in Phase I clinical trials. This candidate is being assessed for efficacy in two distinct conditions: mucosal pemphigus vulgaris, an autoimmune blistering skin disorder, and Hemophilia A in patients exhibiting Factor VIII alloantibodies. Cabaletta's broader product candidate portfolio also includes MuSK-CAART, a preclinical asset aimed at a particular subset of myasthenia gravis patients; FVIII-CAART, in the discovery phase for another subgroup of Hemophilia A sufferers; and DSG3/1-CAART, also a discovery-stage program, designed for mucocutaneous pemphigus vulgaris. The company maintains strategic alliances, including a collaboration with the University of Pennsylvania and a research pact with The Regents of the University of California. Founded in 2017 as Tycho Therapeutics, Inc., it adopted the name Cabaletta Bio, Inc. in August 2018 and is based in Philadelphia, Pennsylvania.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Steven A. Nichtberger
Listed since
Oct 25, 2019
Employees
156

Market position

Day range

Current $3.13

52-week range

Current $3.13

Open
$3.218
Previous close
$3.19
Volume
4.4M
0.97× average
Average volume
4.53M
Average daily volume
Market cap
510.36M USD
Beta
3.25
Market reference 1
50-day average
$2.8801
+8.68% above average
200-day average
$2.8675
+9.15% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
168.07M USD
P/E (TTM)
-1.98×
P/B (TTM)
2.25×
P/S (TTM)
EV / EBITDA
-1.02×
Earnings yield
-74.95%
Free cash flow yield
-59.08%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
0.00%
Operating margin
0.00%
Net margin
0.00%
Return on equity
-149.80%
Return on assets
-101.68%
Return on invested capital
-123.78%

Financial health

Debt / equity
0.12×
Current ratio
2.77×
Altman Z-score
1.89
Piotroski F-score
2 of 9

Financial statements

Income trends

Operating income

−172.24M USD-37.64%

Net income

−167.86M USD-44.87%
Income trends across reported periods−33.69M USD−84.07M USD−134.46M USD−184.84M USDOperating income, FY2021: −46.31M USDOperating income, FY2022: −54.14M USDOperating income, FY2023: −74.66M USDOperating income, FY2024: −125.14M USDOperating income, FY2025: −172.24M USDNet income, FY2021: −46.29M USDNet income, FY2022: −52.98M USDNet income, FY2023: −67.68M USDNet income, FY2024: −115.86M USDNet income, FY2025: −167.86M USDFY2021FY2022FY2023FY2024FY2025
Operating income FY2021 −46.31M USD. Operating income FY2022 −54.14M USD. Operating income FY2023 −74.66M USD. Operating income FY2024 −125.14M USD. Operating income FY2025 −172.24M USD. Net income FY2021 −46.29M USD. Net income FY2022 −52.98M USD. Net income FY2023 −67.68M USD. Net income FY2024 −115.86M USD. Net income FY2025 −167.86M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Research and development142.67M USD97.2M USD55.42M USD39.3M USD32.49M USD
Selling, general, and administrative29.57M USD27.94M USD19.24M USD14.84M USD13.82M USD
Operating expenses172.24M USD125.14M USD74.66M USD54.14M USD46.31M USD
Interest income6.03M USD10.03M USD6.99M USD1.16M USD24K USD
Interest expense2M USD748K USD
Depreciation and amortization1.65M USD1.71M USD1.43M USD1.18M USD733K USD
Operating income−172.24M USD−125.14M USD−74.66M USD−54.14M USD−46.31M USD
Net income−167.86M USD−115.86M USD−67.68M USD−52.98M USD−46.29M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 6 misses, 1 met estimate
Average EPS surprise
-0.44%
11 comparable reports
Latest EPS result
-0.34
Estimate -0.37 · Beat by 8.82%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.29-0.45-0.61-0.77Q1 '25MetQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 31, 2025: actual -0.65, estimate -0.65, surprise 0.00%, Met estimate. Q2 2025, reported May 15, 2025: actual -0.71, estimate -0.67, surprise -5.97%, Miss. Q3 2025, reported Aug 7, 2025: actual -0.73, estimate -0.71, surprise -2.82%, Miss. Q4 2025, reported Nov 10, 2025: actual -0.44, estimate -0.49, surprise +10.20%, Beat. Q1 2026, reported Mar 23, 2026: actual -0.4, estimate -0.45, surprise +11.11%, Beat. Q2 2026, reported May 14, 2026: actual -0.39, estimate -0.41, surprise +4.88%, Beat. Q3 2026, reported Aug 13, 2026: actual -0.34, estimate -0.373, surprise +8.82%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate -0.33, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.43M3.19M1.95M708.33KQ1 '24No estimateQ1 '25No estimateQ3 '25EstimateQ1 '26EstimateQ2 '26EstimateQ3 '26EstimateQ4 '26Estimate
Q1 2024, reported Mar 21, 2024: actual 4.01M USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 1.64M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual —, estimate 4.17M USD, surprise —, Comparison unavailable. Q1 2026, reported Mar 23, 2026: actual —, estimate 833.33K USD, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual —, estimate 1.67M USD, surprise —, Comparison unavailable. Q3 2026, reported Aug 13, 2026: actual —, estimate 1.67M USD, surprise —, Comparison unavailable. Q4 2026, reported Nov 9, 2026: actual —, estimate 1.67M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$16.33

421.73% upside
Past 12 months12-month forecastHigh $32.00Average $16.33Low $3.00

Rating distribution

12 ratings
Strong buy00%
Buy1083%
Hold217%
Sell00%
Strong sell00%

Recent analyst actions

9 institutions
UBSmaintainBuy

CABA news

CABA peers

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