Candel Therapeutics, Inc.

CADL Healthcare Biotechnology

Candel Therapeutics, Inc.’s revenue for fiscal 2022 (year ended December 2022) was $125,000.00.

EPS
−477.8%
Free cash flow
−93.4%
Total debt
+525.8%

Quarter to June 2026, against a year earlier

8.66 0.62 +7.71%
Market cap
$615.2M
P/E
0.0×
Fwd P/E
−1.8×
Dividend yield
—
F-score
1/9
Altman Z
−1.20
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 3.00
Sold, $m 3.55
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — — — — —
Sell — — — — — — 2 — 1 1 — —
Insider Ownership 17.25%

Capital & Financial Ratios $m

Size
Market Cap 615.21
Revenue ttm 0.13
Net income ttm (88.53)
Free cash flow ttm (57.29)
Net debt Q (153.73)
Valuation
P/E 0.00
Forward P/E (1.76) (negative: loss-making)
Price / sales 5,135.81 (above 10: high)
Forward P/S Powerpack
Price / FCF 0.00
Price / book 5.09
Financial health
Current ratio Q 16.09 (at or above 1.5: strong)
Debt / equity Q 0.38 (at or below 0.5: strong)
Interest coverage Q (16.98)
Growth
Revenue growth Q 0.00%
Operating income growth Q −139.29% (below 0%: shrinking)
EPS, this year −88.63% (below 0%: weak)
EPS, next year A +18.19% (at or above 15%: strong)
Revenue, next year A −87.60% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +34.45% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 93.98%
10-year low 10-year high
P/B against its own 10 years 83.55%
10-year low 10-year high
EV/Sales against its own 10 years 93.48%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 35 103 120 202
Receivables — — — —
Inventory — — — —
Other — — — —
37 104 121 204
2023 2024 2025 Q'26
Payables 0 0 1 5
ST’ Debt 9 10 — —
Other — 22 0 0
14 38 9 13

Compound Annual Growth %

10y 5y 3y
Sales — — 0.00%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 2.86%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.14) (0.52) — — —
’25 0.13 (0.09) (0.21) (0.54) (0.72)
’24 (0.28) (0.74) (0.33) (0.40) (1.74)
’23 (0.30) (0.33) (0.29) (0.38) (1.31)
’22 (0.03) (0.14) (0.30) (0.18) (0.65)
’21 (0.38) (1.46) (0.69) 0.05 (1.91)
’20 (0.06) (0.25) (0.22) — (1.52)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’22 0 0 0 0 0
’21 0 0 0 0 0
’20 0 0 0 — 0
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (18) (17) — — —
’25 (9) (9) (10) (11) (38)
’24 (8) (6) (7) (6) (27)
’23 (11) (7) (9) (7) (34)
’22 (8) (7) (9) (7) (31)
’21 (6) (4) (7) (5) (22)
’20 (2) (4) (2) (3) (9)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (19) (17) — — —
’25 (9) (9) (10) (11) (39)
’24 (8) (6) (7) (6) (27)
’23 (11) (7) (9) (7) (35)
’22 (8) (8) (10) (7) (33)
’21 (6) (5) (7) (6) (24)
’20 (2) (4) (2) (4) (11)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

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 — — — 0 0 0 0 — — — 0 0.0% 42 42 184 +109.4%
Gross margin, % — — — 0.00 100.00 100.00 100.00 — — — 0.00 +100.0 pt
EBT — — — (8) (18) (36) (19) (38) (55) (38) (89) +29.1%
EBT margin, % — — — (6,592.00) (14,144.00) (28,899.20) (15,035.20) 0.00 0.00 0.00 0.00 +6,592.0 pt
Net income — 0 — (8) (18) (36) (19) (38) (55) (38) (89) n/m
Per share, $
Per share, $ Revenue — — — 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 n/m
Earnings — — — (0.28) (1.52) (1.91) (0.65) (1.31) (1.74) (0.72) (1.41) +17.0%
Cash flow — — — (0.18) (0.78) (1.18) (1.09) (1.18) (0.85) (0.72) (0.76) +26.4%
Capex — — — 0.00 (0.13) (0.10) (0.04) (0.01) 0.00 (0.01) (0.02) n/m
Free cash flow — — — (0.18) (0.91) (1.27) (1.13) (1.19) (0.85) (0.73) (0.77) +26.7%
Book value — — — 1.41 (2.03) 3.40 1.66 0.44 2.09 0.98 1.70 (5.8%)
Shares, m — — — 29 12 19 29 29 32 53 61 +10.5%
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 0.00 0.00 — — — 0.00 0.0
P/S — — — 661.64 661.64 1,180.70 408.14 — — — 5,135.81 728.0
P/B — — — 0.00 0.00 2.30 1.07 — — — 5.09 0.8
EV/Sales — — — 473.49 473.49 527.76 18.19 — — — 3,939.74 373.2
EV/FCF — — — (3.43) (3.43) (2.74) (0.07) — — — (8.60) (2.4)
Cash, $m
Cash, $m Operating cash flow — — — (5) (9) (22) (31) (34) (27) (38) (56) +39.6%
Capex — — — 0 (1) (2) (1) 0 0 (1) (1) +23.3%
Free cash flow — — — (5) (11) (24) (33) (35) (27) (39) (57) +39.9%
Balance, $m
Balance, $m Working capital — — — 44 30 80 66 23 66 112 191 +17.0%
Net debt — — — (45) (34) (82) (49) (14) (90) (73) (154) +8.4%
Shareholders’ equity — — — 41 (24) 64 48 13 66 52 126 +4.0%
Returns, %
Returns, % ROA — — — (35.90) (42.00) (56.67) (22.52) (63.82) (74.53) (32.91) (56.37) +3.0 pt
ROIC — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE — — — 52.15 111.90 (178.06) (33.61) (125.50) (139.56) (64.58) (81.84) (116.7) pt
People
People Employees — — — — 50 65 76 42 38 55 — +1.9%
Revenue/emp, $m — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2022 · latest quarter Dec 2022

Candel Therapeutics, 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
ZVRA Zevra Therapeutics, Inc. $626.6M 9.0× 9.2× +44.86% (above 0%: growing) n/m +106.77% (above 0%: growing) 95.25% 30.67% Compare
FDMT 4D Molecular Therapeutics, Inc. $621.5M — (loss-making) — (loss-making) +25,106.67% (above 0%: growing) n/m −61.28% (below 0%: shrinking) 100.00% (2,037.16%) Compare
DBVT DBV Technologies S.A. $615.8M — (loss-making) — −42.86% (below 0%: shrinking) n/m −64.93% (below 0%: shrinking) 100.00% (4,043.75%) Compare
CADL Candel Therapeutics, Inc. $615.2M — (loss-making) — (loss-making) 0.00% n/m −93.35% (below 0%: shrinking) 0.00% 0.00%
HELP Cybin Inc. $613.0M — (loss-making) — (loss-making) — n/m −25.60% (below 0%: shrinking) 0.00% 0.00% Compare
GERN Geron Corporation $610.4M — (loss-making) — (loss-making) +27.45% (above 0%: growing) n/m +176.13% (above 0%: growing) 89.95% 9.63% Compare
DSGN Design Therapeutics, Inc. $605.2M — (loss-making) — (loss-making) — n/m −7.00% (below 0%: shrinking) 0.00% 0.00% Compare
KURA Kura Oncology, Inc. $604.9M — (loss-making) — (loss-making) +36.54% (above 0%: growing) n/m −109.05% (below 0%: shrinking) 98.84% (349.77%) Compare
AVBP ArriVent BioPharma, Inc. $603.0M — (loss-making) — — n/m −51.51% (below 0%: shrinking) — 0.00% Compare
Median of peers $611.7M — — +36.54% — −38.55% 95.25% 0.00%

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Pay and ownership Proxy statement filed 29 April 2026

Ownership

Directors and executive officers, together 14.30%
Entities affiliated with Fidelity 13.20%
Paul B. Manning 9.60%
Estuardo Aguilar-Cordova, M.D., inf., Ph.D. 6.00%
Laura K. Aguilar 6.00%
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

Candel Therapeutics, Inc. (CADL) Latest News

22 Oct

2 Oct

20 Feb

Impact 4 · · Proactive Investors
stockrow.com/CADL · Data as of Dec 31, 2022 · For information only; not investment advice. · © 2026 stockrow.com