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Other financials

Income statement

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Revenue-
Operating income-$53.7M+2.4%
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:ResearchAndDevelopmentExpense.

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 R&D?
Cullinan Therapeutics, Inc. (CGEM) reported R&D of $42.12M in Q1 2026.
How has Cullinan Therapeutics, Inc.'s R&D changed year-over-year?
Cullinan Therapeutics, Inc.'s R&D increased by 1.6% year-over-year, from $41.46M to $42.12M.
What is the long-term trend for Cullinan Therapeutics, Inc.'s R&D?
Over 4 years (2021 to 2025), Cullinan Therapeutics, Inc.'s R&D has grown at a 34.2% compound annual growth rate (CAGR), from $57.75M to $187.4M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.