Cullinan Therapeutics, Inc.

Cullinan Therapeutics, Inc.

CGEM
Cullinan Therapeutics, Inc.US flagNASDAQ Global Select
15.44
USD
-1.43
- -
948.91MMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
0.44
- -
- -
- -
- -
- -
Basic EPS, GAAP
-1.24
-1.07
-1.25
-1.52
2.46
-3.69
-3.11
-3.73
-3.41
Free Cash Flow per Basic Share
-1.21
-1.08
-0.72
-1.01
-2.83
-3.24
-2.7
-2.98
-2.65
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.55
-0.98
4.81
9.59
11.68
10.58
10.09
6.78
5
Tangible Book Value per Share
-0.55
-0.98
4.81
9.59
11.68
10.58
10.09
6.78
5
Basic Weighted Avg Shares
11
19
41
43
45
42
54
59
60
Sales/Revenue/Turnover
- -
- -
- -
19
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
-358.73
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-14
-21
-52
-66
111
-153
-167
-220
-205
Effective Tax Rate (%)
- -
- -
- -
- -
27.84
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
-346.14
- -
- -
- -
- -
- -
Working Capital
33
98
198
285
452
452
384
349
301
LT Debt
- -
- -
- -
- -
4
2
1
2
1
Total Equity
-21
-40
200
425
535
454
590
409
322
Return on Invested Capital (%)
- -
- -
- -
- -
-19.66
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
-21.02
23.17
-30.98
-32.06
-44.02
-50.3

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
2
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
61
64
Market Capitalization
624
873
1,172

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
387
361
342
Cash, Cash Equivalents & STI
378
352
335
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
38
35
41
Payables & Accruals
26
30
33
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
24.45%
-30.76%
Free Cash Flow
- -
54.87%
20.99%
Net Income, GAAP
- -
-88.02%
31.36%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.86
-0.76
-0.7
-0.81
-3.11
2025
-0.82
-1.19
-0.86
-0.86
-3.73
2026
-0.82
-0.87
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Nadim Ahmed
Full Time Employees
109
Sector
Healthcare
Industry
Biotechnology
Address
One Main Street Cambridge MA United States of America 02142
IPO Date
Jan 8, 2021
Business
Cullinan Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing modality-agnostic targeted therapies for autoimmune diseases and cancer. The company’s product portfolio includes clinical-stage molecules such as CLN-619, CLN-978, zipalertinib (CLN-081/TAS6417), CLN-049, CLN-418, and CLN-617, which are designed to inhibit key drivers of disease or leverage the immune system to eliminate diseased cells. Zipalertinib, developed in collaboration with Taiho Oncology, Inc., targets genetically defined subsets of non-small cell lung cancer; CLN-049 is a novel FLT3xCD3 bispecific T cell engager for relapsed/refractory acute myeloid leukemia and recently received FDA Fast Track designation. Cullinan therapeutics also pursues CLN-978 specifically for autoimmune diseases, with systemic lupus erythematosus as a primary indication, reflecting a strategic expansion from oncology into immunology. The company operates primarily in the United States and through partnerships internationally, including Taiho Pharmaceutical in Greater China for commercialization outside the U.S. and China. Founded in 2016 and headquartered in Cambridge, Massachusetts, Cullinan recently changed its name from Cullinan Oncology to reflect its broadened autoimmune disease focus. Recent major developments include the initiation of a rolling submission for zipalertinib’s New Drug Application to the U.S. FDA, discontinuation of enrollment in its B-NHL study to focus on autoimmune diseases, a strategic partnership with Taiho Pharmaceutical for global commercialization rights of CLN-081/TAS6417, and financial positioning with cash resources supporting operations into 2029. The company emphasizes advancing first- or best-in-class therapies through clinical trials for high unmet medical needs in both autoimmune and oncologic therapeutic areas.

Company News

  • Cullinan Therapeutics Highlights Fourth Quarter 2026 Milestones Across Immunology and Oncology T Cell Engager Portfolio

  • Cullinan Therapeutics to Participate in the Stifel 2026 Virtual Immunology and Inflammation Forum

  • Engineers Gate Manager LP Increases Stock Position in Cullinan Therapeutics, Inc. $CGEM

  • Cullinan Therapeutics, Inc. (CGEM) Shareholder/Analyst Call Transcript

  • Cullinan Therapeutics to Host Virtual Analyst and Investor Event Today to Feature Zipalertinib Plus Chemotherapy Phase 3 REZILIENT3 Data Presented at the IASLC 2026 World Conference on Lung Cancer

  • Zipalertinib Plus Chemotherapy Demonstrates 6-Month Median Progression-Free Survival Benefit in REZILIENT3 Phase 3 Trial in First-Line EGFR Exon 20 Insertion Mutation Non-Small Cell Lung Cancer

  • Zipalertinib Plus Chemotherapy Demonstrates 6-Month Median Progression-Free Survival Benefit in REZILIENT3 Phase 3 Trial in First-Line EGFR Exon 20 Insertion Mutation Non-Small Cell Lung Cancer

  • Cullinan Therapeutics to Host Virtual Analyst and Investor Event to Showcase Zipalertinib Plus Chemotherapy Phase 3 REZILIENT3 Data Presented at the IASLC 2026 World Conference on Lung Cancer

  • Cullinan Therapeutics: A Self-Funding Bridge To Immune Reset

  • Bank of America Corp DE Acquires 170,417 Shares of Cullinan Therapeutics, Inc. $CGEM

  • Zipalertinib Plus Chemotherapy First-Line Phase 3 REZILIENT3 Trial Data Selected for Presidential Symposium Presentation at the IASLC 2026 World Conference on Lung Cancer

  • Cullinan Therapeutics Zipalertinib Combo Clears Key Phase 3 Hurdle As First-Line Lung Cancer Treatment Option Takes Shape

  • Cullinan Therapeutics Provides Corporate Update and Reports Second Quarter 2026 Financial Results

  • Cullinan Therapeutics Announces Positive End-of-Phase 1 Meeting with FDA for CLN-049 and Advances Program to a Potentially Registrational Phase 2 Study in AML

  • Cullinan Therapeutics: Heading Toward Paydirt

  • Cullinan Therapeutics, Inc. (CGEM) Discusses Promising Clinical Data for CLN-978 and Velinotamig in Autoimmune Diseases Transcript

  • Cullinan Therapeutics Shares New Clinical Data Across Its Portfolio of T Cell Engager Programs Targeting CD19 and BCMA in Autoimmune Diseases

  • Cullinan Therapeutics Presents Initial Clinical Data for CLN-978, a CD19xCD3 T Cell Engager, at the EULAR 2026 Congress

  • Cullinan Therapeutics to Host Immunology Day to Showcase Promising Initial Clinical Data in Autoimmune Diseases for CLN-978, a CD19 T Cell Engager, and Velinotamig, a BCMA T Cell Engager

  • Cullinan Therapeutics Receives FDA Orphan Drug Designation for CLN-049, a Novel FLT3xCD3 T Cell Engager, in Relapsed/Refractory Acute Myeloid Leukemia