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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%
CapEx$11.0K
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:PropertyPlantAndEquipmentNet.

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

Filed
Aug 6, 2026, 7:10 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-336717
Line itemJune 30, 2026December 31, 2025
Short-term investments255,898289,564
Prepaid expenses and other current assets7,4368,860
Total current assets341,974386,756
Property and equipment, net263421
Operating lease right-of-use assets2,2332,630
Other assets297297
Long-term investments19,02058,270
Total assets$363,787$448,374

Item 1. Financial Statements.

FAQ

What is Cullinan Therapeutics, Inc.'s PP&E (net)?
Cullinan Therapeutics, Inc. (CGEM) reported PP&E (net) of $263K in Q2 2026.
How has Cullinan Therapeutics, Inc.'s PP&E (net) changed year-over-year?
Cullinan Therapeutics, Inc.'s PP&E (net) decreased by 53.8% year-over-year, from $569K to $263K.
What is the long-term trend for Cullinan Therapeutics, Inc.'s PP&E (net)?
Over 5 years (2020 to 2025), Cullinan Therapeutics, Inc.'s PP&E (net) has grown at a 26.5% compound annual growth rate (CAGR), from $130K to $421K.
What does PP&E (net) mean?
Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

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