RNAC Financial Statements

Balance sheet, income statement, cash flow, and dividends for Cartesian Therapeutics Inc (RNAC).


$455.18M Market Cap.

As of 03/13/2025 5:00 PM ET (MRY) • Disclaimer

RNAC Market Cap. (MRY)


RNAC Shares Outstanding (MRY)


RNAC Assets (MRY)


Total Assets

$435.02M

Total Liabilities

$441.82M

Total Investments

$3.67M

RNAC Income (MRY)


Revenue

$38.91M

Net Income

-$77.42M

Operating Expense

$82.81M

RNAC Cash Flow (MRY)


CF Operations

-$23.67M

CF Investing

-$8.74M

CF Financing

$168.43M

RNAC Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0

0%

0%

0%

-

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

0%

0%

-

2020

$0

0%

-

0%

-

RNAC Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$435,023,000 (42.61%)

$305,050,000 (83.89%)

$165,886,000 (3.75%)

$159,883,000 (-3.36%)

Assets Current

$216,626,000 (138.76%)

$90,729,000 (-38.75%)

$148,138,000 (2.56%)

$144,443,000 (-4.56%)

Assets Non-Current

$218,397,000 (1.90%)

$214,321,000 (1107.58%)

$17,748,000 (14.95%)

$15,440,000 (9.57%)

Goodwill & Intangible Assets

$48,163,000 (0.00%)

$48,163,000 (0%)

$0 (0%)

$0 (0%)

Shareholders Equity

-$6,802,000 (98.45%)

-$440,184,000 (-569.14%)

$93,828,000 (316.62%)

$22,521,000 (225.07%)

Property Plant & Equipment Net

$15,447,000 (26.81%)

$12,181,000 (-15.47%)

$14,411,000 (20.38%)

$11,971,000 (-3.01%)

Cash & Equivalents

$212,610,000 (176.44%)

$76,911,000 (-27.74%)

$106,438,000 (-6.68%)

$114,057,000 (-17.76%)

Accumulated Other Comprehensive Income

-$4,621,000 (-0.46%)

-$4,600,000 (-0.92%)

-$4,558,000 (0.18%)

-$4,566,000 (-0.07%)

Deferred Revenue

$0 (0%)

$5,849,000 (886.34%)

$593,000 (-99.09%)

$65,300,000 (-41.06%)

Total Investments

$3,669,000 (8.65%)

$3,377,000 (-89.27%)

$31,475,000 (81.13%)

$17,377,000 (1160.12%)

Investments Current

$0 (0%)

$0 (0%)

$28,164,000 (101.20%)

$13,998,000 (0%)

Investments Non-Current

$3,669,000 (8.65%)

$3,377,000 (1.99%)

$3,311,000 (-2.01%)

$3,379,000 (145.03%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$872,000 (-90.15%)

$8,851,000 (-9.29%)

$9,758,000 (-1.57%)

$9,914,000 (37.24%)

Trade & Non-Trade Payables

$288,000 (-90.86%)

$3,150,000 (896.84%)

$316,000 (41.07%)

$224,000 (-49.44%)

Accumulated Retained Earnings (Deficit)

-$692,071,000 (-12.60%)

-$614,647,000 (-55.63%)

-$394,937,000 (8.22%)

-$430,316,000 (-6.35%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$16,141,000 (1.82%)

$15,853,000 (0%)

$0 (0%)

$601,000 (0%)

Total Debt

$13,984,000 (27.65%)

$10,955,000 (-71.11%)

$37,925,000 (7.49%)

$35,281,000 (-0.19%)

Debt Current

$2,851,000 (31.63%)

$2,166,000 (-78.52%)

$10,084,000 (43.85%)

$7,010,000 (672.03%)

Debt Non-Current

$11,133,000 (26.67%)

$8,789,000 (-68.43%)

$27,841,000 (-1.52%)

$28,271,000 (-17.91%)

Total Liabilities

$441,825,000 (-0.64%)

$444,680,000 (517.11%)

$72,058,000 (-47.54%)

$137,362,000 (-25.12%)

Liabilities Current

$22,976,000 (-66.32%)

$68,209,000 (172.00%)

$25,077,000 (-65.29%)

$72,251,000 (-11.40%)

Liabilities Non-Current

$418,849,000 (11.26%)

$376,471,000 (701.33%)

$46,981,000 (-27.84%)

$65,111,000 (-36.10%)

RNAC Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$38,913,000 (49.64%)

$26,004,000 (-76.53%)

$110,777,000 (30.21%)

$85,077,000 (412.60%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$30,126,000 (-25.76%)

$40,581,000 (70.07%)

$23,862,000 (13.97%)

$20,938,000 (10.71%)

Research & Development Expense

$45,105,000 (-37.21%)

$71,839,000 (-0.74%)

$72,377,000 (5.30%)

$68,736,000 (26.11%)

Operating Expenses

$82,810,000 (-26.34%)

$112,420,000 (16.81%)

$96,239,000 (7.32%)

$89,674,000 (22.14%)

Interest Expense

$0 (0%)

$2,833,000 (-6.53%)

$3,031,000 (6.58%)

$2,844,000 (82.78%)

Income Tax Expense

$287,000 (101.51%)

-$19,000,000 (-3019.87%)

-$609,000 (-103.81%)

$15,966,000 (0%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$77,424,000 (64.76%)

-$219,710,000 (-721.02%)

$35,379,000 (237.73%)

-$25,687,000 (62.71%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$77,424,000 (64.76%)

-$219,710,000 (-721.02%)

$35,379,000 (237.73%)

-$25,687,000 (62.71%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$77,424,000 (64.76%)

-$219,710,000 (-721.02%)

$35,379,000 (237.73%)

-$25,687,000 (62.71%)

Weighted Average Shares

$17,276,822 (-88.86%)

$155,109,561 (7.15%)

$144,758,555 (26.62%)

$114,328,798 (12.97%)

Weighted Average Shares Diluted

$17,357,943 (-88.81%)

$155,109,561 (6.33%)

$145,874,889 (27.59%)

$114,328,798 (12.97%)

Earning Before Interest & Taxes (EBIT)

-$77,137,000 (67.30%)

-$235,877,000 (-724.00%)

$37,801,000 (649.67%)

-$6,877,000 (89.78%)

Gross Profit

$38,913,000 (49.64%)

$26,004,000 (-76.53%)

$110,777,000 (30.21%)

$85,077,000 (412.60%)

Operating Income

-$43,897,000 (49.20%)

-$86,416,000 (-694.41%)

$14,538,000 (416.25%)

-$4,597,000 (91.91%)

RNAC Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$8,742,000 (-125.26%)

$34,609,000 (330.70%)

-$15,002,000 (12.47%)

-$17,140,000 (-2213.09%)

Net Cash Flow from Financing

$168,428,000 (1381.31%)

-$13,145,000 (-133.52%)

$39,215,000 (-25.87%)

$52,897,000 (266.55%)

Net Cash Flow from Operations

-$23,674,000 (53.73%)

-$51,161,000 (-61.74%)

-$31,631,000 (47.62%)

-$60,382,000 (-273.11%)

Net Cash Flow / Change in Cash & Cash Equivalents

$135,991,000 (557.11%)

-$29,750,000 (-302.14%)

-$7,398,000 (69.96%)

-$24,628,000 (-150.77%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$6,561,000 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$28,254,000 (304.72%)

-$13,801,000 (14.04%)

-$16,055,000 (0%)

Capital Expenditure

-$8,742,000 (-4143.69%)

-$206,000 (82.85%)

-$1,201,000 (-10.69%)

-$1,085,000 (-46.42%)

Issuance (Repayment) of Debt Securities

$0 (0%)

-$27,457,000 (-24860.91%)

-$110,000 (0%)

$0 (0%)

Issuance (Purchase) of Equity Shares

$128,494,000 (55525.11%)

$231,000 (-99.41%)

$39,325,000 (-25.66%)

$52,897,000 (285.21%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

-$21,000 (60.38%)

-$53,000 (-365.00%)

$20,000 (766.67%)

-$3,000 (94.83%)

Share Based Compensation

$6,582,000 (-70.78%)

$22,524,000 (101.21%)

$11,194,000 (45.00%)

$7,720,000 (42.38%)

Depreciation Amortization & Accretion

$3,588,000 (38.16%)

$2,597,000 (-1.03%)

$2,624,000 (10.67%)

$2,371,000 (27.40%)

RNAC Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

-199.00% (76.45%)

-844.90% (-2748.59%)

31.90% (205.63%)

-30.20% (92.72%)

EBITDA Margin

-189.00% (78.93%)

-897.10% (-2557.81%)

36.50% (788.68%)

-5.30% (98.66%)

Return on Average Equity (ROAE)

138.10% (-62.31%)

366.40% (738.44%)

43.70% (-91.49%)

513.70% (-11.99%)

Return on Average Assets (ROAA)

-19.80% (84.08%)

-124.40% (-695.22%)

20.90% (239.33%)

-15.00% (72.22%)

Return on Sales (ROS)

-198.20% (78.15%)

-907.10% (-2760.12%)

34.10% (520.99%)

-8.10% (98.00%)

Return on Invested Capital (ROIC)

-44.40% (89.94%)

-441.50% (-776.11%)

65.30% (114.19%)

-460.10% (87.19%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-4 (-863.37%)

-0.41 (-108.81%)

4.71 (131.77%)

-14.82 (-232.54%)

Price to Sales Ratio (P/S)

7.95 (93.39%)

4.11 (178.40%)

1.48 (-66.29%)

4.38 (-76.29%)

Price to Book Ratio (P/B)

-66.92 (-27438.68%)

-0.24 (-113.19%)

1.84 (-89.08%)

16.89 (192.88%)

Debt to Equity Ratio (D/E)

-64.95 (-6331.19%)

-1.01 (-231.51%)

0.77 (-87.41%)

6.1 (159.86%)

Earnings Per Share (EPS)

-4.48 (-169.88%)

-1.66 (-791.67%)

0.24 (209.09%)

-0.22 (67.65%)

Sales Per Share (SPS)

2.25 (1240.48%)

0.17 (-78.04%)

0.77 (2.82%)

0.74 (353.66%)

Free Cash Flow Per Share (FCFPS)

-1.88 (-466.77%)

-0.33 (-45.81%)

-0.23 (57.81%)

-0.54 (-259.64%)

Book Value Per Share (BVPS)

-0.39 (86.12%)

-2.84 (-537.96%)

0.65 (228.93%)

0.2 (210.67%)

Tangible Assets Book Value Per Share (TABVPS)

22.39 (1252.17%)

1.66 (44.50%)

1.15 (-18.03%)

1.4 (-14.50%)

Enterprise Value Over EBIT (EV/EBIT)

-3 (0%)

0 (0%)

3 (106.82%)

-44 (-1366.67%)

Enterprise Value Over EBITDA (EV/EBITDA)

-3.41 (-2003.70%)

-0.16 (-106.67%)

2.43 (103.64%)

-66.79 (-1920.21%)

Asset Turnover

0.1 (-31.97%)

0.15 (-77.52%)

0.65 (31.59%)

0.5 (282.31%)

Current Ratio

9.43 (608.87%)

1.33 (-77.48%)

5.91 (195.50%)

2 (7.70%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$32,416,000 (36.89%)

-$51,367,000 (-56.45%)

-$32,832,000 (46.59%)

-$61,467,000 (-280.04%)

Enterprise Value (EV)

$250,633,823 (561.73%)

$37,875,763 (-61.44%)

$98,234,140 (-67.36%)

$300,945,476 (39.06%)

Earnings Before Tax (EBT)

-$77,137,000 (67.69%)

-$238,710,000 (-786.54%)

$34,770,000 (457.68%)

-$9,721,000 (85.89%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$73,549,000 (68.47%)

-$233,280,000 (-677.07%)

$40,425,000 (997.14%)

-$4,506,000 (93.12%)

Invested Capital

$165,258,000 (34.66%)

$122,722,000 (69.75%)

$72,296,000 (716.35%)

$8,856,000 (145.53%)

Working Capital

$193,650,000 (759.90%)

$22,520,000 (-81.70%)

$123,061,000 (70.46%)

$72,192,000 (3.43%)

Tangible Asset Value

$386,860,000 (50.60%)

$256,887,000 (54.86%)

$165,886,000 (3.75%)

$159,883,000 (-3.36%)

Market Capitalization

$455,180,823 (325.41%)

$106,997,763 (-38.12%)

$172,925,140 (-54.53%)

$380,275,476 (16.17%)

Average Equity

-$56,077,000 (6.47%)

-$59,957,000 (-174.00%)

$81,026,250 (1720.28%)

-$5,000,750 (57.62%)

Average Assets

$390,821,000 (121.34%)

$176,570,750 (4.18%)

$169,478,750 (-0.93%)

$171,078,250 (34.06%)

Invested Capital Average

$173,747,000 (225.23%)

$53,423,000 (-7.73%)

$57,901,500 (3773.66%)

$1,494,750 (-20.25%)

Shares

25,414,898 (-83.62%)

155,204,182 (1.42%)

153,031,097 (31.19%)

116,648,919 (7.98%)