Cabaletta Bio, Inc.

CABA

Healthcare Biotechnology

EPS
+53.4%
Free cash flow
−35.7%

Quarter to June 2026, against a year earlier

1.30 0.02 +1.56%
Market cap
$280.4M
P/E
n/m
Fwd P/E
—
Dividend yield
—
F-score
n/a
ROIC
0.00%
Net debt / EBITDA
0.8×
Dividend safety
n/a

Insider Decisions last twelve months

Net bought
$296.2K
Trades
0 sells · 8 buys
Ownership
0.84%

Capital & Financial Ratios $m

Size
Market Cap 280
Revenue ttm —
Net income ttm (181)
Free cash flow ttm (154)
Net debt Q (225)
Valuation
P/E n/m
Forward P/E —
Price / sales n/m
Forward P/S Powerpack
Price / FCF n/m
Price / book 0.9
Financial health
Current ratio Q 5.8 (at or above 1.5: strong)
Debt / equity Q n/m
Interest coverage Q (100.6)
Growth
Revenue growth Q —
Operating income growth Q −13.3% (below 0%: shrinking)
EPS, this year +38.8% (at or above 15%: strong)
EPS, next year A +16.1% (at or above 15%: strong)
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A +22.5% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

P/B against its own 10 years 34.88%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 241 164 134 225
Receivables — — — —
Inventory — — — —
Other — — — —
244 167 139 231
2023 2024 2025 Q'26
Payables 5 5 7 6
ST’ Debt — — — —
Other — 6 21 15
16 27 50 40

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.45% 2.35%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.39) (0.34) — — —
’25 (0.71) (0.73) (0.44) (0.40) (2.10)
’24 (0.51) (0.56) (0.62) (0.65) (2.34)
’23 (0.45) (0.37) (0.37) (0.46) (1.65)
’22 (0.45) (0.45) (0.39) (0.52) (1.81)
’21 (0.41) (0.45) (0.45) (0.49) (1.80)
’20 (0.33) (0.35) (1.95) (0.40) (1.44)
Fiscal quarters ending in the months shown.

Revenue $m

Year
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (43) (42) — — —
’25 (31) (30) (35) (35) (131)
’24 (24) (21) (20) (23) (88)
’23 (13) (12) (13) (16) (54)
’22 (13) (12) (10) (12) (46)
’21 (9) (7) (8) (11) (34)
’20 (5) (8) (5) (9) (27)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (43) (42) — — —
’25 (32) (31) (35) (36) (132)
’24 (25) (22) (21) (23) (90)
’23 (13) (12) (13) (17) (54)
’22 (13) (12) (11) (12) (49)
’21 (9) (7) (9) (11) (35)
’20 (5) (8) (5) (9) (27)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — — — — — — — — 56 —
Gross margin, % — — — 0.00 0.00 0.00 0.00 — — — 0.00 0.0 pt
EBT — 0 (12) (17) (33) (46) (53) (68) (116) (168) (181) +125.6%
EBT margin, % — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
Net income — 0 (12) (17) (33) (46) (53) (68) (116) (168) (181) n/m
Per share, $
Per share, $ Revenue — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Earnings — (0.01) (10.86) (4.07) (1.44) (1.80) (1.81) (1.65) (2.34) (2.10) (1.57) +95.1%
Cash flow — 0.00 (4.15) (3.69) (1.54) (1.60) (1.78) (1.37) (1.80) (1.64) (1.02) n/m
Capex — 0.00 0.00 (0.16) (0.04) (0.05) (0.09) (0.02) (0.05) (0.02) 0.00 n/m
Free cash flow — 0.00 (4.15) (3.85) (1.57) (1.65) (1.88) (1.38) (1.84) (1.66) (1.02) n/m
Book value — (0.01) 29.56 31.83 6.29 5.52 4.02 6.03 3.11 1.40 1.39 n/m
Shares, m — 24 1 4 17 21 26 39 49 80 111 +16.2%
Valuation, ×
Valuation, × P/E — — — — — — — — — — 0 —
P/S — — — — — — — — — — 0 —
P/B — — — — — — — — — — 0 —
EV/Sales — — — — — — — — — — 0 —
EV/FCF — — — — — — — — — — 0 —
Cash, $m
Cash, $m Operating cash flow — — (5) (16) (27) (34) (46) (54) (88) (131) (154) +61.1%
Capex — — — (1) (1) (1) (2) (1) (2) (1) (1) +10.0%
Free cash flow — — (5) (17) (27) (35) (49) (54) (90) (132) (154) +61.3%
Balance, $m
Balance, $m Working capital — 0 33 137 108 116 99 228 140 89 191 n/m
Net debt — 0 (33) (136) (109) (122) (107) (241) (164) (134) (225) +337.2%
Shareholders’ equity — 0 33 138 110 118 105 236 152 112 211 n/m
Returns, %
Returns, % ROA — (1.46) (71.41) (25.36) (26.03) (38.40) (43.55) (36.52) (52.82) (95.88) (75.36) (94.4) pt
ROIC — 0.00 (1,808.70) (551.58) (2,397.46) 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE — 4.57 223.09 (34.90) (26.90) (40.69) (47.62) (39.72) (59.64) (126.98) (93.20) (131.5) pt
People
People Employees — — 20 22 34 54 60 103 164 156 — +34.1%
Revenue/emp, $m — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Cabaletta Bio, Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CABA Cabaletta Bio, Inc. $280.4M — (loss-making) — — n/m −35.72% (below 0%: shrinking) 0.00% 0.00%
ABEO Abeona Therapeutics Inc. $238.5M — (loss-making) — (loss-making) +225.14% (above 0%: growing) n/m +17.11% (above 0%: growing) 63.30% (119.97%) Compare
IMRX Immuneering Corporation $238.3M — (loss-making) — (loss-making) −99.74% (below 0%: shrinking) n/m −40.19% (below 0%: shrinking) 0.00% 0.00% Compare
VNDA Vanda Pharmaceuticals Inc. $231.0M — (loss-making) — (loss-making) +24.10% (above 0%: growing) n/m +9.57% (above 0%: growing) 94.05% (33.69%) Compare
ACIU AC Immune $227.0M — (loss-making) — (loss-making) +152.31% (above 0%: growing) n/m +4.66% (above 0%: growing) 100.00% (302.13%) Compare
FATE Fate Therapeutics, Inc. $223.1M — (loss-making) — (loss-making) +9.18% (above 0%: growing) n/m +8.96% (above 0%: growing) 100.00% (1,495.39%) Compare
GLSI Greenwich LifeSciences, Inc. $222.7M — (loss-making) — — n/m +13.14% (above 0%: growing) 0.00% 0.00% Compare
KRRO Korro Bio, Inc. $202.5M — (loss-making) — (loss-making) −86.28% (below 0%: shrinking) n/m +12.07% (above 0%: growing) 100.00% 0.00% Compare
SLGL Sol-Gel Technologies Ltd. $199.8M — (loss-making) — (loss-making) −96.58% (below 0%: shrinking) n/m −8.76% (below 0%: shrinking) 100.00% (704.23%) Compare
Median of peers $225.0M — — +9.18% — +9.27% 97.03% (76.83%)

All 621 Biotechnology stocks →

Pay and ownership Proxy statement filed 28 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.94m 1.65m 23.68
2024 8.10m (8.63m) 24.54
2023 4.81m 14.47m 245.41

Ownership

Directors and executive officers, together 6.44%
Entities associated with Prudential Financial, Inc. 11.30%
Bain Capital Life Sciences Opportunities III, LP 9.99%
Adage Capital Partners, L.P. 9.99%
T. Rowe Price Investment Management, Inc. 8.86%
Entities affiliated with Cormorant Asset Management, LP 8.08%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Cabaletta Bio, Inc. (CABA) Latest News

30 Jan

15 Dec

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