Cullinan Therapeutics, Inc.

Cullinan Therapeutics, Inc.

CGEM

NASDAQHealthcareBiotechnology

Latest quote

$15.53

+$0.07 · +0.45%

CGEM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

Jul 10, 2026

GoAI Score

Hold

Valuation

25

Expensive

Sentiment

71

Bullish

Risk

38

Moderate Risk

Momentum

71

Gaining

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Company profile

Company website

Cullinan Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops therapies for autoimmune diseases and cancer in the United States. It engages in the development of CLN-978, a CD19xCD3 bispecific T cell engager for autoimmune diseases in Phase 1 clinical trials; Velinotamig, a BCMAxCD3 bispecific T cell in Phase 1 clinical trials in patients with autoimmune diseases; and CLN-049, a FLT3xCD3 bispecific T cell engager, which is in Phase 1 clinical trials in patients with relapsed and refractory acute myeloid leukemia or myelodysplastic syndrome. The company is also developing Zipalertinib, an orally available small-molecule, irreversible epidermal growth factor receptor inhibitor in Phase 2b portion of the REZILIENT1 clinical trial in patients with EGFR ex20ins non-small cell lung cancer. It has a license agreement with Chongqing Genrix Biopharmaceutical Co., Ltd to develop and commercialize velinotamig; a co-development agreement with Taiho Pharmaceutical Co., Ltd to develop zipalertinib; and a collaboration agreement with Adimab, LLC to discover and/or optimize antibodies. The company was formerly known as Cullinan Oncology, Inc. and changed its name to Cullinan Therapeutics, Inc. in April 2024. Cullinan Therapeutics, Inc. was incorporated in 2016 and is headquartered in Cambridge, Massachusetts.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Nadim Ahmed
Listed since
Jan 8, 2021
Employees
109

Market position

Day range

Current $15.53

52-week range

Current $15.53

Open
$15.48
Previous close
$15.46
Volume
566.37K
0.57× average
Average volume
998.37K
Average daily volume
Market cap
954.44M USD
Beta
-0.01
Market reference 1
50-day average
$19.2734
-19.42% below average
200-day average
$15.4997
+0.20% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
525.52M USD
P/E (TTM)
-4.61×
P/B (TTM)
2.97×
P/S (TTM)
0×
EV / EBITDA
-2.39×
Earnings yield
-35.98%
Free cash flow yield
-28.76%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
0.00%
Operating margin
0.00%
Net margin
0.00%
Return on equity
-53.80%
Return on assets
-49.04%
Return on invested capital
-58.74%

Financial health

Debt / equity
0.01×
Current ratio
10.25×
Altman Z-score
10.06
Piotroski F-score
1 of 9

Financial statements

Income trends

Operating income

−241.65M USD-22.71%

Net income

−219.88M USD-31.36%
Income trends across reported periods183.28M USD28.76M USD−125.76M USD−280.28M USDOperating income, FY2021: −67.95M USDOperating income, FY2022: 144.65M USDOperating income, FY2023: −191.09M USDOperating income, FY2024: −196.92M USDOperating income, FY2025: −241.65M USDNet income, FY2021: −65.57M USDNet income, FY2022: 111.21M USDNet income, FY2023: −153.16M USDNet income, FY2024: −167.38M USDNet income, FY2025: −219.88M USDFY2021FY2022FY2023FY2024FY2025
Operating income FY2021 −67.95M USD. Operating income FY2022 144.65M USD. Operating income FY2023 −191.09M USD. Operating income FY2024 −196.92M USD. Operating income FY2025 −241.65M USD. Net income FY2021 −65.57M USD. Net income FY2022 111.21M USD. Net income FY2023 −153.16M USD. Net income FY2024 −167.38M USD. Net income FY2025 −219.88M USD.
Financial statements: Income statement
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue————18.94M USD
Cost of goods sold—306K USD———
Gross profit—−306K USD——18.94M USD
Research and development187.4M USD142.9M USD148.16M USD91.95M USD57.75M USD
Selling, general, and administrative54.25M USD53.71M USD42.49M USD40.19M USD29.15M USD
Operating expenses241.65M USD196.61M USD191.09M USD−144.65M USD86.9M USD
Interest income22.21M USD29.66M USD21.63M USD6.61M USD477K USD
Depreciation and amortization311K USD306K USD310K USD93K USD53K USD
Operating income−241.65M USD−196.92M USD−191.09M USD144.65M USD−67.95M USD
Net income−219.88M USD−167.38M USD−153.16M USD111.21M USD−65.57M USD

Company facts updated Oct 11, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+6.14%
11 comparable reports
Latest EPS result
-0.81
Estimate -0.8 · Miss by 1.34%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.69-0.83-0.97-1.11Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual -0.73, estimate -0.75, surprise +2.67%, Beat. Q2 2025, reported May 8, 2025: actual -0.74, estimate -0.78, surprise +5.13%, Beat. Q3 2025, reported Aug 7, 2025: actual -1.07, estimate -0.83, surprise -28.92%, Miss. Q4 2025, reported Nov 6, 2025: actual -0.77, estimate -0.95, surprise +18.95%, Beat. Q1 2026, reported Mar 10, 2026: actual -0.77, estimate -0.8, surprise +3.75%, Beat. Q2 2026, reported May 7, 2026: actual -0.75, estimate -0.836, surprise +10.27%, Beat. Q3 2026, reported Aug 6, 2026: actual -0.81, estimate -0.799, surprise -1.34%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate -0.843, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.84M4.47M3.09M1.72MQ4 '25EstimateQ1 '26EstimateQ2 '26EstimateQ3 '26EstimateQ4 '26Estimate
Q4 2025, reported Nov 6, 2025: actual —, estimate 5.56M USD, surprise —, Comparison unavailable. Q1 2026, reported Mar 10, 2026: actual —, estimate 5M USD, surprise —, Comparison unavailable. Q2 2026, reported May 7, 2026: actual —, estimate 3.67M USD, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual —, estimate 3.67M USD, surprise —, Comparison unavailable. Q4 2026, reported Nov 5, 2026: actual —, estimate 2M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$34.75

123.76% upside
Past 12 months12-month forecastHigh $40.00Average $34.75Low $27.00

Rating distribution

8 ratings
Strong buy00%
Buy8100%
Hold00%
Sell00%
Strong sell00%

Recent analyst actions

7 institutions
Morgan StanleymaintainOverweight
UBSmaintainBuy
StifelmaintainBuy
JonesTradingmaintainBuy

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