Cartesian Therapeutics Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	38.91	26	110.78	85.08
Revenue Growth (YoY)	49.64%	-76.53%	30.21%	-
Cost of Revenue	44.91	65.66	72.38	68.74
Gross Profit	-5.99	-39.66	38.4	16.34
Selling, General & Admin	29.53	34.75	23.86	20.94
Operating Expenses	29.53	34.75	23.86	20.94
Operating Income	-35.52	-74.41	14.54	-4.6
Interest Expense	-	-2.83	-3.03	-2.84
Interest & Investment Income	7.39	4.96	2.07	0.04
Currency Exchange Gain (Loss)	-	0.04	-0.02	-
Other Non Operating Income (Expenses)	-3.73	-136.16	21.21	-2.32
EBT Excluding Unusual Items	-31.86	-208.4	34.77	-9.72
Merger & Restructuring Charges	-0.8	-11.3	-	-
Asset Writedown	-7.58	-0.71	-	-
Other Unusual Items	-36.9	-18.3	-	-
Pretax Income	-77.14	-238.71	34.77	-9.72
Income Tax Expense	0.29	-19	-0.61	15.97
Net Income	-77.42	-219.71	35.38	-25.69
Preferred Dividends & Other Adjustments	-	37.55	-	-
Net Income to Common	-77.42	-257.26	35.38	-25.69
Shares Outstanding (Basic)	17	5	5	4
Shares Outstanding (Diluted)	17	5	5	4
Shares Change (YoY)	235.72%	6.33%	27.59%	-
EPS (Basic)	-4.48	-49.76	7.33	-6.74
EPS (Diluted)	-4.49	-49.76	2.98	-6.74
Free Cash Flow	-32.77	-51.37	-32.83	-61.47
Free Cash Flow Per Share	-1.89	-9.94	-6.75	-16.13
Gross Margin	-15.40%	-152.50%	34.66%	19.21%
Operating Margin	-91.27%	-286.13%	13.12%	-5.40%
Profit Margin	-198.97%	-989.31%	31.94%	-30.19%
Free Cash Flow Margin	-84.21%	-197.53%	-29.64%	-72.25%
EBITDA	-34.37	-73.56	15.83	-3.35
EBITDA Margin	-88.32%	-282.89%	14.29%	-3.93%
D&A For EBITDA	1.15	0.84	1.29	1.25
EBIT	-35.52	-74.41	14.54	-4.6
EBIT Margin	-91.27%	-286.13%	13.12%	-5.40%
Revenue as Reported	38.91	26	-	-

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q