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Candel Therapeutics, Inc.

CADL

Candel Therapeutics is a clinical-stage biopharmaceutical company developing off-the-shelf viral immunotherapies designed to elicit individualized, systemic anti-tumor immune responses.

Market cap
$729.77M+122%
Net income-$54.4M-37.5%
Free cash flow-$49.0M-80.0%
EPS (diluted)-$0.99+25.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 13, 2026 (In 2 weeks)
EPS estimate-$0.22

Financials

Q1 2026

Income statement

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Operating income-$16.3M-100%
Net income-$8.9M-220%
EPS (diluted)-$0.14-208%

Balance sheet

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Cash & equivalents$194.8M+111%
Total debt$2.8M-73.9%
Total equity$138.0M+84.8%
Total assets$201.9M+111%

Cash flow

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Operating cash flow-$18.0M-109%
CapEx$675.0K+22,400%
Free cash flow-$18.7M-117%

Valuation & ratios

Valuation

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Market cap$729.77M+122%
Enterprise value$537.78M+114%

Returns & leverage

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Return on equity-51.2%-16.6pp
Debt / equity-0.1×
Current ratio28×+23.4×

Competitors

Profile

Candel Therapeutics is a clinical-stage biopharmaceutical company developing off-the-shelf viral immunotherapies designed to elicit individualized, systemic anti-tumor immune responses. The company leverages proprietary adenovirus and herpes simplex virus (HSV) platforms to engineer viruses that induce immunogenic cell death and create pro-inflammatory microenvironments at tumor sites. Their core value proposition lies in converting immunologically "cold" tumors into "hot" tumors to improve patient outcomes across various solid tumor indications.

Competitive position

A clinical-stage innovator in viral immunotherapy with a lead candidate (aglatimagene) that has met primary endpoints in a Phase 3 trial for localized prostate cancer.

GeographiesUnited States, Europe, Asia, Mexico
Customer segmentsCancer Patients, Healthcare Providers, Pharmaceutical Companies
Business modelR&D-stage biotechnology, IP Licensing
SuppliersContract Development and Manufacturing Organizations (CDMOs), Viral vector suppliers, Academic research licensors
CustomersOncology treatment centers, Specialized pharmacies, Strategic pharmaceutical partners
Listed2021
Employees42.0
CEOPaul-Peter Tak
FilingsSEC EDGAR

Questions, answered.

What is Candel Therapeutics, Inc.'s market cap?
Candel Therapeutics, Inc. (CADL) has a market capitalization of $729.8M and trades on NASDAQ.
Who are Candel Therapeutics, Inc.'s competitors?
Candel Therapeutics, Inc.'s key competitors include CG Oncology, Inc., Replimune Group, Inc., Amgen Inc., and others. These companies compete in similar markets and product categories.
Who does Candel Therapeutics, Inc. partner with?
Candel Therapeutics, Inc.'s notable partners include RTW Investments, LP, Mass General Brigham, Periphagen, and others.
Where is Candel Therapeutics, Inc. headquartered?
Candel Therapeutics, Inc. is headquartered in United States of America and employs approximately 42 people. It has been publicly traded since 2021.