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Cullinan Therapeutics, Inc. CGEM Total Operating Expenses

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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:OperatingExpenses.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating expenses:
Research and development$44,437$61,030$86,560$102,489
General and administrative12,81714,76824,39128,305
Total operating expenses57,25475,798110,951130,794
Loss from operations(57,254)(75,798)(110,951)(130,794)
Other income (expense):
Interest income3,6485,9247,74612,504
Other expense, net(98)(181)(160)(266)

Item 1. Financial Statements.

FAQ

What is Cullinan Therapeutics, Inc.'s total operating expenses?
Cullinan Therapeutics, Inc. (CGEM) reported total operating expenses of $57.25M in Q2 2026.
How has Cullinan Therapeutics, Inc.'s total operating expenses changed year-over-year?
Cullinan Therapeutics, Inc.'s total operating expenses decreased by 24.5% year-over-year, from $75.8M to $57.25M.
What is the long-term trend for Cullinan Therapeutics, Inc.'s total operating expenses?
Over 4 years (2021 to 2025), Cullinan Therapeutics, Inc.'s total operating expenses has grown at a 29.1% compound annual growth rate (CAGR), from $86.9M to $241.65M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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