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Celldex Therapeutics (CLDX) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Celldex Therapeutics (CLDX) Q2 2026 earnings results →

Q2 2026 Revenue down 97% year over year to $22K

Celldex Therapeutics made $22K in Q2 2026 (-97% Y/Y): Contracts and grants $15K, Product development and licensing agreements $7K. Operating margin n/m, net loss $73.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.

Revenue$22K
Year over year-97%
Operating marginn/m
Net earnings−$73.5M
Operating cash flow−$57.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $22K in Q2 2026, down 97% year over year and up 47% from the previous quarter. Contracts and grants was the largest line at 68% of revenue. Contracts and grants lost $708K year over year (down 98%), 100% of the total change.

Operating costs exceeded revenue by $80.6M, an operating margin of -366468.2%. Total costs grew 25% against a revenue fall of 97%. The fastest-growing cost line was General & admin (+26%). The quarter ended with a net loss of $73.5M, narrower than the previous quarter's $78.7M loss.

Operating cash flow was −$57.4M. Non-cash charges added back $902K of depreciation and amortization and $8.4M of share-based compensation. Working capital and other items added $6.8M. Capital expenditures of $3.2M exceeded it, leaving free cash flow of −$60.6M.

Quarterly history

Celldex Therapeutics revenue by quarterCelldex Therapeutics revenue by quarter$1.2MQ4 2024$695KQ1 2025$730KQ2 2025$121KQ4 2025$15KQ1 2026$22KQ2 2026
Celldex Therapeutics net earnings by quarterCelldex Therapeutics net earnings by quarter−$47.1MQ4 2024−$53.8MQ1 2025−$56.6MQ2 2025−$81.3MQ4 2025−$78.7MQ1 2026−$73.5MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 6, 2026$22K-97%n/m−$73.5M−$57.4M
Q1 202610-QMay 7, 2026$15K-98%n/m−$78.7M−$65.6M
Q4 202510-KFeb 25, 2026$121K-90%n/m−$81.3M−$63.9M
Q2 202510-QAug 7, 2025$730K-71%n/m−$56.6M−$44.0M
Q1 202510-QMay 8, 2025$695K+346%n/m−$53.8M−$54.4M
Q4 202410-KFeb 27, 2025$1.2M-72%n/m−$47.1M−$32.5M

Charts

Celldex Therapeutics: revenue growth, year over year and quarter over quarterCelldex Therapeutics: revenue growth, year over year and quarter over quarterY/YQ/Q-72%Q4 2024+346%-41%Q1 2025-71%+5%Q2 2025-90%-83%Q4 2025-98%-88%Q1 2026-97%+47%Q2 2026
Latest (Q2 2026): Y/Y -97%, Q/Q +47%.
Celldex Therapeutics: where the cash came from (+) and went (−), TTM to Q3 2026Celldex Therapeutics: where the cash came from (+) and went (−), TTM to Q3 2026Other financing$324MOperating cash flow−$252MOther investing−$76.8MCash drawn (+) / kept (−)$9.1MCapital spending−$7.8MShares issued$3.6M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Celldex Therapeutics: profit against cash, quarter by quarterCelldex Therapeutics: profit against cash, quarter by quarterNet incomeOperating cash flow−$47.1M−$32.5MQ4 2024−$53.8M−$54.4MQ1 2025−$56.6M−$44.0MQ2 2025−$67.0M−$48.6MQ3 2025−$81.3M−$63.9MQ4 2025−$78.7M−$65.6MQ1 2026−$73.5M−$57.4MQ2 2026−$75.6M−$65.0MQ3 2026
Latest (Q3 2026): Net income −$75.6M, Operating cash flow −$65.0M.
Celldex Therapeutics: diluted shares by fiscal yearCelldex Therapeutics: diluted shares by fiscal year0MFY20200MFY20210MFY202248MFY202364MFY202466MFY2025
+223995.8% since FY2020: more shares outstanding (issuance, stock pay).
Celldex Therapeutics in its industry: growth against margin (15 companies, SIC 2835)Celldex Therapeutics in its industry: growth against margin (15 companies, SIC 2835)revenue growth, year over year →↑ operating marginmedian -2%median -90%IDXXQDELLNTHNEOGMYGNTKNOICCCNTLAAWHLBMRAIonetix CorpVNRXIMDXCDIOCLDX (-97%, -100%)
In Vitro & In Vivo Diagnostic Substances; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Celldex Therapeutics

Celldex Therapeutics, Inc., which we refer to as “Celldex,” “we,” “us,” “our” or the “Company,” is a biopharmaceutical company dedicated to exploring the science of mast cell biology and developing therapeutic antibodies which have the ability to engage the human immune system and/or directly affect critical pathways to improve the lives of patients with severe inflammatory, allergic, autoimmune and other devastating diseases. Our drug candidates include monoclonal and bispecific antibodies designed to address mast cell mediated diseases for which available treatments are inadequate.

In its own words, from its 10-K, filed Feb 25, 2026.

Celldex Therapeutics against its In Vitro & In Vivo Diagnostic Substances peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -97% against the peers' median +2%.

CompanyQuarterRevenueY/YOp. margin
CLDX Celldex TherapeuticsQ2 2026$22K-97%n/m
IDXX Idexx LaboratoriesQ3 2026$1.2B+10%33.1%
QDEL QuidelOrthoQ3 2026$619M-12%-1.2%
LNTH Lantheus HoldingsQ3 2026$390M+2%8.3%
NEOG NeogenQ1 FY27$223M+6%-0.8%
MYGN Myriad GeneticsQ3 2026$203M-2%-19.7%
TKNO Alpha TeknovaQ3 2026$12.7M+22%-25.2%
ICCC ImmucellQ2 2026$7.2M+12%26.9%
NTLA Intellia TherapeuticsQ3 2026$7.2M-48%n/m

Source: Celldex Therapeutics 10-Q on SEC EDGAR · CIK 744218 · In Vitro & In Vivo Diagnostic Substances

13F: who owns CLDX and who is buying

Largest holders of CLDX (13F)Largest holders of CLDX (13F)Wellington Management Group LLP$355MBlackRock$261MKynam Capital Management, LP$198MPrice T Rowe Associates$174MState Street$145MFMR LLC$139MVanguard Capital Management LLC$129MVanguard Group$109MDeep Track Capital, LP$109MLogos Global Management LP$78.1M
Funds' net buying of CLDX by quarter (13F)Funds' net buying of CLDX by quarter (13F)−$70.0M2024-09−$21.0M2024-12−$1.4M2025-03−$35.4M2025-06−$62.9M2025-09$10.9M2025-12$5.1M2026-03$517M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CLDX

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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