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Discontinued — last reported Q4 '25

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Other financials

Income statement

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Revenue-
Operating income-$57.3M+24.5%
Net income-$53.7M+23.3%
EPS (diluted)-$0.69+24.2%

Balance sheet

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Cash & equivalents$78.6M+8.0%
Total debt$2.1M+36.3%
Total equity$408.7M-30.8%
Total assets$363.8M-30.1%

Cash flow

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Operating cash flow-$38.2M+33.7%
Free cash flow-$38.1M-4.1%

Valuation

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Market cap$1.16B+148%
Enterprise value$1.08B+174%

Profitability

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Operating margin-358.7%
Net margin-346.1%

Returns & leverage

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Return on equity-44%+26.2pp
Debt / equity0.0×
Current ratio8.4×-1.4×

Where this comes from

Reported directly by Cullinan Therapeutics, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Cullinan Therapeutics, Inc.’s 10-K, filed March 10, 2026.

Filed
Mar 10, 2026, 7:26 AM EDT
Fiscal year
FY2025
Accession
0001193125-26-099362
Line item20252024
Investing activities:
Maturities of marketable securities416,572584,817
Purchase of marketable securities(236,534)(721,131)
Purchase of property and equipment(49)
Net cash provided by (used in) investing activities179,989(136,314)
Financing activities:
Issuance of common stock under equity-based compensation plans1,0887,984
Issuance of common stock and pre-funded warrants, net of issuance costs262,652

Item 16. Form 10-K Summary.

FAQ

What is Cullinan Therapeutics, Inc.'s capex?
Cullinan Therapeutics, Inc. (CGEM) reported capex of $11K in Q4 2025.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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