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Filing Flows › Cartesian Therapeutics (RNAC) › Q1 2026 › vs Q1 2025

Cartesian Therapeutics (RNAC) Q1 2026 vs Q1 2025 (year over year)

Cartesian Therapeutics's revenue fell $1.0M (-93%) from $1.1M in Q1 2025 to $78K in Q1 2026.

Cartesian Therapeutics, Q1 2026: revenue $78K (-93% year over year), net loss $39.2M, operating cash flow −$22.1M. The chart draws each line against Q1 2025, the increases inside each band.

Cartesian Therapeutics: what changed, Q1 2026 vs Q1 2025Cartesian Therapeutics: what changed, Q1 2026 vs Q1 2025Working capital & other$22.5MNet loss$21.5MOperating cash sources$21.5MNet loss absorbed$21.5MInterest & other, net$16.9MCosts & expenses$16.3MResearch & development$4.8MOperating costs$3.6MGeneral & admin−$1.2MCash used in operations−$973K

Every line

LineQ1 2026Q1 2025Change%
Revenue$78K$1.1M−$1.0M-93%
Net loss$39.2M$17.7M$21.5M+121%
Costs & expenses$39.3M$23.0M$16.3M+71%
Operating costs$26.6M$23.0M$3.6M+16%
Interest & other, net$12.7M−$4.2M$16.9M—
Research & development$19.5M$14.7M$4.8M+33%
General & admin$7.1M$8.3M−$1.2M-14%
Operating cash sources$39.2M$17.7M$21.5M+121%
Depreciation$600K$600K$00%
Share-based compensation$2.4M$2.5M−$85K-3%
Working capital & other$14.0M−$8.5M$22.5M—
Cash used in operations$22.1M$23.1M−$973K-4%
Net loss absorbed$39.2M$17.7M$21.5M+121%

Questions

How much did Cartesian Therapeutics's revenue grow year over year in Q1 2026?

Cartesian Therapeutics's revenue fell $1.0M (-93%) from $1.1M in Q1 2025 to $78K in Q1 2026.

Q1 2026 results → · Compare in the interactive Sankey →