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Other financials

Income statement

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Revenue-
Net income-$49.7M-2.4%
EPS (diluted)-$0.69+24.2%

Balance sheet

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Cash & equivalents$75.1M-2.1%
Total debt$2.4M+29.5%
Total equity$408.7M-30.8%
Total assets$403.0M-30.5%

Cash flow

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Operating cash flow-$46.0M-6.7%
CapEx$11.0K
Free cash flow-$38.1M-4.1%

Valuation

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Market cap$1.08B+140%
Enterprise value$1.01B+168%

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 ratio10.3×-1.3×

Where this comes from

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

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Cullinan Therapeutics, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cullinan Therapeutics, Inc.'s operating income?
Cullinan Therapeutics, Inc. (CGEM) reported operating income of -$53.7M in Q1 2026.
How has Cullinan Therapeutics, Inc.'s operating income changed year-over-year?
Cullinan Therapeutics, Inc.'s operating income increased by 2.4% year-over-year, from -$55M to -$53.7M.
What is the long-term trend for Cullinan Therapeutics, Inc.'s operating income?
Over 3 years (2021 to 2025), Cullinan Therapeutics, Inc.'s operating income has grown at a 52.6% compound annual growth rate (CAGR), from -$67.95M to -$241.65M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.