Cartesian Therapeutics, Inc.(RNAC)Stock Analysis
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Rank #2,835 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
RNAC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Cartesian Therapeutics, Inc. (RNAC), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores RNAC at 7.5/100 on a 32-signal composite quality model, placing it at rank #2,835 of 2,879 stocks — the bottom half of the AI-ranked universe. RNAC scores in the top quartile across institutional flow (83.9). Areas of concern include free cash flow (0.2) and profitability (0.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 1.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Cartesian Therapeutics, Inc. reports quarterly revenue of $78.0K, net income of $-39.2M, free cash flow of $-22.2M. Top institutional holders of RNAC by reported 13-F value include Squarepoint Ops, FMR, BlackRock,, based on the most recent SEC filings. RNAC trades on the Nasdaq exchange and files with the SEC under CIK 1453687. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RNAC 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 Cartesian Therapeutics, Inc. directly from SEC EDGAR. Cartesian Therapeutics, Inc.'s 13F Pro composite quality score has ranged between 6 and 13 since 2024, currently 7.5 — a declining long-term trajectory across 18 quarterly and live scoring snapshots.
Revenue
Q1 2026
$78.0K
Net Income
Q1 2026
$-39.2M
Free Cash Flow
Q1 2026
$-22.2M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-97.5% YoYNet Income
-468.3% YoYOperating Income
-1086.4% YoYEPS (Diluted)
-5120.0% YoYTotal Assets
+78.7% YoYOp. Cash Flow
-133.8% YoY| Metric | FY 2025 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $2.8M -97.5% | $110.8M +30.2% | $85.1M +412.6% | $16.6M +148.6% | $6.7M +639.4% | $903.0K |
| Net Income | $-130.3M -468.3% | $35.4M +237.7% | $-25.7M +62.7% | $-68.9M -24.4% | $-55.4M +15.3% | $-65.3M |
| Operating Income | $-143.4M -1086.4% | $14.5M +416.2% | $-4.6M +91.9% | $-56.8M -8.3% | $-52.5M +19.3% | $-65.0M |
| EPS (Diluted) | $-5.02 -5120.0% | $0.10 +145.5% | $-0.22 +67.6% | $-0.68 +44.3% | $-1.22 | — |
| Total Assets | $296.4M +78.7% | $165.9M +3.8% | $159.9M -3.4% | $165.4M +66.2% | $99.6M +123.8% | $44.5M |
| Operating Cash Flow | $-73.9M -133.8% | $-31.6M +47.6% | $-60.4M -273.1% | $34.9M +167.8% | $-51.4M +13.1% | $-59.2M |
AI Insight: RNAC Financial Trends
Cartesian burns through equity while operating losses accelerate, with negative shareholders' equity of $148M in Q1 2026.
• Revenue remains minimal at $0-1M per quarter despite early Q2 2024 spike of $33M.
• Operating losses worsened from $-18M in Q3 2024 to $-79M in Q4 2025.
• Shareholders' equity deteriorated from $1M in Q3 2024 to negative $148M in Q1 2026.
⚠ Consistent negative operating cash flow averaging $18M quarterly burn rate threatens liquidity.
⚠ Q4 2025 recorded largest quarterly net loss of $93M, suggesting accelerating cash burn.
AI Insight: RNAC Ratio Trends
ROA volatility with deep deterioration to -54.4% in Q1 2026 signals operational instability for this biotech.
• ROA swung wildly from 16.3% in Q2 2025 to -54.4% in Q1 2026, showing extreme quarterly volatility.
• Operating margin of 41.1% and net profit margin of 41.4% in Q2 2024 disappeared in subsequent quarters.
⚠ TTM ROA of -52.6% through Q1 2026 reflects sustained losses across the trailing four quarters.
⚠ Missing financial metrics across most periods suggest irregular reporting or operational disruptions.
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Available Research
13F Pro tracks comprehensive data for Cartesian Therapeutics, Inc. including:
Top Institutional Holders of RNAC
Squarepoint Ops LLC
$13.8M2,238,486 shFMR LLC
$4.9M799,743 shBlackRock, Inc.
$3.7M599,108 shVANGUARD CAPITAL MANAGEMENT LLC
$2.5M407,597 sh683 Capital Management, LLC
$2.0M330,000 shMILLENNIUM MANAGEMENT LLC
$1.7M284,317 shGEODE CAPITAL MANAGEMENT, LLC
$1.6M263,694 shMARSHALL WACE, LLP
$1.5M251,115 shErste Asset Management GmbH
$1.3M221,705 shSTATE STREET CORP
$1.2M200,337 sh
| Fund | Value | Shares |
|---|---|---|
| Squarepoint Ops LLC | $13.8M | 2,238,486 |
| FMR LLC | $4.9M | 799,743 |
| BlackRock, Inc. | $3.7M | 599,108 |
| VANGUARD CAPITAL MANAGEMENT LLC | $2.5M | 407,597 |
| 683 Capital Management, LLC | $2.0M | 330,000 |
| MILLENNIUM MANAGEMENT LLC | $1.7M | 284,317 |
| GEODE CAPITAL MANAGEMENT, LLC | $1.6M | 263,694 |
| MARSHALL WACE, LLP | $1.5M | 251,115 |
| Erste Asset Management GmbH | $1.3M | 221,705 |
| STATE STREET CORP | $1.2M | 200,337 |
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Popular Research
Is RNAC a good stock to buy?
13F Pro's AI-powered analysis of Cartesian Therapeutics, Inc. (RNAC) 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 RNAC are available on the RNAC 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 RNAC?
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 RNAC. 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 Cartesian Therapeutics, Inc.'s investment landscape.