Cabaletta Bio, Inc.(CABA)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
CABA Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Cabaletta Bio, Inc. (CABA), a Healthcare sector company. CABA is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Cabaletta Bio, Inc. reports net income of $-43.5M, free cash flow of $-42.6M. Top institutional holders of CABA by reported 13-F value include Bain Capital Life Sciences Investors,, JENNISON ASSOCIATES, ADAGE CAPITAL PARTNERS GP, L.L.C., based on the most recent SEC filings. CABA trades on the Nasdaq exchange and files with the SEC under CIK 1759138. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CABA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Cabaletta Bio, Inc. directly from SEC EDGAR.
Net Income
Q1 2026
$-43.5M
Free Cash Flow
Q1 2026
$-42.6M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
-44.9% YoYOperating Income
-37.6% YoYEPS (Diluted)
+10.3% YoYTotal Assets
-10.8% YoYOp. Cash Flow
-48.6% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Net Income | $-167.9M -44.9% | $-115.9M -118.7% | $-53.0M -14.4% | $-46.3M -38.8% | $-33.3M -96.8% | $-16.9M |
| Operating Income | $-172.2M -37.6% | $-125.1M -131.1% | $-54.1M -16.9% | $-46.3M -36.9% | $-33.8M -81.1% | $-18.7M |
| EPS (Diluted) | $-2.10 +10.3% | $-2.34 -29.3% | $-1.81 -0.6% | $-1.80 | — | — |
| Total Assets | $165.1M -10.8% | $185.0M +58.2% | $117.0M -7.4% | $126.3M +10.1% | $114.7M -18.9% | $141.5M |
| Operating Cash Flow | $-131.1M -48.6% | $-88.2M -90.2% | $-46.4M -36.0% | $-34.1M -27.4% | $-26.8M -66.8% | $-16.0M |
AI Insight: CABA Financial Trends
Cabaletta is a pre-revenue biotech burning ~$44M quarterly with equity eroded 48% since Q2 2024, leaving runway materially constrained.
• Operating losses stabilized at $43–47M/quarter in 2025–Q1 2026 after widening from $30M in Q2 2024.
• Operating cash burn averaged $30–35M/quarter in 2025–Q1 2026, up sharply from $20–21M in Q2–Q3 2024.
• Shareholder equity collapsed from $200M (Q2 2024) to $103M (Q1 2026), a 48% decline in 18 months.
⚠ Operating cash burn accelerated to $43M in Q1 2026, the highest quarterly burn on record; equity runway ~2–3 quarters at current burn.
⚠ No revenue generation evident across all eight quarters; clinical/regulatory milestone timing and financing needs remain critical unknowns.
AI Insight: CABA Ratio Trends
Cabaletta Bio's cash burn and negative returns have intensified dramatically, with ROE deteriorating from -55.3% in Q2 2024 to -168.5% in Q1 2026.
• ROE worsened from -55.3% (Q2 2024) to -168.5% (Q1 2026), a 113pp deterioration over nine quarters.
• ROA declined from -50.8% (Q2 2024) to -94.6% (Q3 2025), reflecting accelerating asset-base losses.
⚠ ROE dropped another 18.9pp from Q4 2025 to Q1 2026; trajectory suggests continued cash depletion without revenue offset.
⚠ ROIC data gaps from Q1 2025 onward limit visibility; prior readings were severely negative (-60.7% to -88.7%).
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Available Research
13F Pro tracks comprehensive data for Cabaletta Bio, Inc. including:
Top Institutional Holders of CABA
Bain Capital Life Sciences Investors, LLC
$26.0M9,677,125 shJENNISON ASSOCIATES LLC
$24.1M8,970,578 shADAGE CAPITAL PARTNERS GP, L.L.C.
$23.8M8,829,758 shMILLENNIUM MANAGEMENT LLC
$15.9M5,903,281 shCormorant Asset Management, LP
$14.8M5,500,000 shVANGUARD CAPITAL MANAGEMENT LLC
$10.8M4,028,991 shTWO SIGMA INVESTMENTS, LP
$6.7M2,497,917 shBlackRock, Inc.
$6.4M2,373,003 shMARSHALL WACE, LLP
$5.9M2,179,818 shRENAISSANCE TECHNOLOGIES LLC
$5.5M2,036,663 sh
| Fund | Value | Shares |
|---|---|---|
| Bain Capital Life Sciences Investors, LLC | $26.0M | 9,677,125 |
| JENNISON ASSOCIATES LLC | $24.1M | 8,970,578 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $23.8M | 8,829,758 |
| MILLENNIUM MANAGEMENT LLC | $15.9M | 5,903,281 |
| Cormorant Asset Management, LP | $14.8M | 5,500,000 |
| VANGUARD CAPITAL MANAGEMENT LLC | $10.8M | 4,028,991 |
| TWO SIGMA INVESTMENTS, LP | $6.7M | 2,497,917 |
| BlackRock, Inc. | $6.4M | 2,373,003 |
| MARSHALL WACE, LLP | $5.9M | 2,179,818 |
| RENAISSANCE TECHNOLOGIES LLC | $5.5M | 2,036,663 |
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Popular Research
Is CABA a good stock to buy?
13F Pro's AI-powered analysis of Cabaletta Bio, Inc. (CABA) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for CABA are available on the CABA stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own CABA?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling CABA. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Cabaletta Bio, Inc.'s investment landscape.