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Discontinued — last reported Q4 '25

Invested capital at other companies

Oneok logo
OneokOKE
8.6%-0.2pp
Rithm Capital logo
Rithm CapitalRITM
3.2%0.0pp
Citigroup logo
CitigroupC
32.6%+2.0pp
Morgan Stanley logo
Morgan StanleyMS
16.9%+0.4pp
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
20.5%-0.7pp
American Express logo
American ExpressAXP
49.1%-10.0pp

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%
CapEx$11.0K
Free cash flow-$38.1M-4.1%

Valuation

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Market cap$1.14B+165%
Enterprise value$1.06B+196%

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

Calculated from Cullinan Therapeutics, Inc.’s reported figures.

The source filing: Cullinan Therapeutics, Inc.’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 7:10 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-336717

FAQ

What is Cullinan Therapeutics, Inc.'s invested capital?
Cullinan Therapeutics, Inc. (CGEM) reported invested capital of $323.08M in Q4 2025.
How has Cullinan Therapeutics, Inc.'s invested capital changed year-over-year?
Cullinan Therapeutics, Inc.'s invested capital decreased by 36.6% year-over-year, from $509.47M to $323.08M.
What is the long-term trend for Cullinan Therapeutics, Inc.'s invested capital?
Over 4 years (2021 to 2025), Cullinan Therapeutics, Inc.'s invested capital has grown at a -3.1% compound annual growth rate (CAGR), from $366.57M to $323.08M.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

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