Cullinan Therapeutics, Inc. CGEM

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Insider Decisions

Total buys 13.32
Total sells 2.51
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy 3
Sell 1 6 1 11 1 1 1 1 1
Insider Ownership 21.13%

Capital & Financial Ratios

Market Cap 1,370.00
Revenue
Net Income (204.69)
Free Cash Flow (159.25)
Net Debt (334.54)
Current Ratio 8.42
Debt/Equity 0.00
P/E ratio 0.00
P/S ratio 0.00
P/B ratio 4.08
Past 5Y EPS Growth (45.66%)
This Y EPS Growth 5.38%
Next Y EPS Growth 18.07%
Next 5Y EPS Growth 3.22%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate
Annual Dividend Yield
total individual payouts
2023 ‡‡‡
2022 ‡‡‡
2021 ‡‡‡
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 467.07 398.98 377.90 334.54
Receivables
Inventory
Other
480.19 414.67 386.76 341.97
2023 2024 2025 Q'26
Payables 2.49 1.68 0.84 3.73
ST’ Debt
Other
28.14 30.65 37.74 40.63
in millions of $

Compound Annual Growth

10y 5y 3y
Sales
Cash Flow ‡‡‡ ‡‡‡
Earnings ‡‡‡ ‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (46.04) (38.22)
’25 (43.15) (57.61) (36.88) (38.11) (175.75)
’24 (38.25) (36.29) (34.14) (36.63) (145.30)
’23 (51.00) (31.01) (34.14) (18.13) (134.27)
’22 (21.91) (25.42) (54.35) (24.98) (126.66)
’21 (1.51) (16.20) (10.55) (15.17) (43.43)
’20 (5.01) (6.25) (9.07) (9.44) (29.77)
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 (46.04) (38.22)
’25 (43.15) (57.61) (36.91) (38.12) (175.80)
’24 (38.25) (36.29) (34.14) (36.63) (145.30)
’23 (51.16) (31.05) (34.14) (18.13) (134.48)
’22 (21.91) (25.42) (54.60) (25.77) (127.71)
’21 (1.51) (16.20) (10.55) (15.17) (43.43)
’20 (5.02) (6.25) (9.07) (9.43) (29.78)
in millions of $

EPS

Mar Jun Sep Dec Year
’26 (0.75) (0.81)
’25 (0.74) (1.07) (0.77) (0.77) (3.36)
’24 (0.86) (0.75) (0.69) (0.73) (2.78)
’23 (1.42) (0.82) (0.91) (0.54) (3.69)
’22 (0.27) 3.77 (0.54) (0.59) 2.38
’21 0.00 (0.36) (0.40) (0.74) (1.52)

Target Price Range

High ‡‡‡‡‡ ‡‡‡‡
Average ‡‡‡‡‡ ‡‡‡‡
Low ‡‡‡‡‡ ‡‡‡‡

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
Powerpack only forecast
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ 7.30 7.64 10.00 5.68
Low Price
‡‡‡‡‡ 18.46 13.74 30.19 13.33
High Price
‡‡‡‡ ‡‡‡‡ ‡‡‡‡ 62 85 111 109
Employees
‡‡‡ ‡‡‡ ‡‡‡‡‡ 0.00 0.00 0.00 0.00
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue
‡‡‡
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 151.32 (169.22) (167.46) (219.88)
EBT
‡‡‡ ‡‡‡ ‡‡‡‡‡ 0.00% 0.00% 0.00% 0.00% ‡‡‡ ‡‡‡ ‡‡‡
EBT Margin
‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 109.20 (155.10) (167.57) (219.88) ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.09 0.31 0.31 0.31
Depreciation
‡‡‡ ‡‡‡ ‡‡‡‡‡ 0.00 0.00 0.00 0.00 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue/Sh
‡‡‡‡‡ ‡‡‡‡‡ 2.46 (3.69) (2.78) (3.36) ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (2.80) (3.23) (2.70) (2.98)
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡ (0.02) 0.00 0.00 0.00 ‡‡‡ ‡‡‡ ‡‡‡
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (2.83) (3.24) (2.70) (2.98)
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 11.85 10.92 10.98 6.92 ‡‡‡‡
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 45.16 41.55 53.77 59.05 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Shares
‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡
PE Ratio
‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡
PS Ratio
‡‡‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡
PB Ratio
‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
EV/Sales
‡‡‡‡‡
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (126.66) (134.27) (145.30) (175.75) ‡‡‡ ‡‡‡ ‡‡‡
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ (1.04) (0.21) (0.05) ‡‡‡‡‡ ‡‡‡‡‡
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (127.71) (134.48) (145.30) (175.80)
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 451.97 452.05 384.02 349.02
Working Cap'
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (467.29) (467.07) (398.98) (377.90)
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 535.03 453.90 590.33 408.73
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 22.28% (29.30%) (30.27%) (41.09%)
ROA
‡‡‡ ‡‡‡ ‡‡‡‡‡ 133.46% 0.00% (64.32%) (489.82%)
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 23.16% (30.98%) (32.06%) (44.02%)
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Cullinan Therapeutics (CGEM) exemplifies the high-reward volatility of clinical-stage biotech, with a pipeline of novel immuno-oncology assets poised to disrupt solid tumor treatments. Surging from 20 employees in 2019 to 111 in 2024, the company has aggressively scaled R&D amid persistent cash burn, yet maintains a debt-free balance sheet with $384 million in working capital—offering a multi-year runway. Stock history mirrors the sector’s rollercoaster: a 2021 peak near $60 on early revenue and IPO hype, followed by sharp pullbacks, but recent highs decoupling from losses signal brewing catalysts like Phase 2 data.

Insider confidence shines through heavy net buying, including a 10% owner’s $13.3 million purchase in late 2025—37 times the value of minor sells—betting on undervaluation. Analysts project revenue revival at $6.7 million in 2025, ramping to $35.8 million by 2027, with price targets implying 90-230% upside from current levels, driven by de-risking milestones and normalizing valuations.

This setup evokes historical biotech surges, like 2021’s mRNA-fueled rallies, positioning CGEM for multi-bagger potential amid oncology M&A tailwinds. Prudent cash management and pipeline diversity mitigate trial risks, making it a compelling watch for patient investors eyeing the next inflection point.

Cullinan Therapeutics, Inc. (CGEM) Latest News

News by impact score

Fine-tune

17 Sep

4 , 12:00 AM

Cullinan Therapeutics reported a six-month progression-free survival gain for its therapy, prompting questions on whether the benefit justifies higher toxicity. Positive PFS data balanced against toxicity concerns can drive major shifts in biotech valuation and development plans.

14 Sep

4 investorshub.advfn.com, 10:09 AM

Cullinan Therapeutics shares fell 6.3% after Phase 3 Zipalertinib trial results. Phase 3 Zipalertinib results represent a critical milestone that directly shapes company trajectory and investor sentiment.

4 , 7:00 AM

Cullinan Therapeutics hosts virtual analyst and investor event featuring Phase 3 REZILIENT3 data on zipalertinib plus chemotherapy presented at IASLC 2026 World Conference on Lung Cancer. Phase 3 data presentation on zipalertinib at major lung cancer conference signals potential advancement in key oncology pipeline.

13 Sep

4 , 7:15 PM

Zipalertinib plus chemotherapy achieves 6-month median progression-free survival benefit in REZILIENT3 Phase 3 trial for first-line EGFR exon 20 insertion mutation non-small cell lung cancer. Positive phase 3 data for lead asset zipalertinib in first-line setting boosts approval odds and revenue potential.

10 Sep

3 , 1:00 PM

Cullinan Therapeutics will host a virtual analyst and investor event to present Phase 3 REZILIENT3 data on zipalertinib plus chemotherapy from the IASLC 2026 World Conference on Lung Cancer. Phase 3 data showcase for lead oncology asset at major conference may affect near-term sentiment without guaranteeing immediate commercial shifts.

19 Aug

4 , 12:03 PM

Zipalertinib plus chemotherapy Phase 3 REZILIENT3 trial data from Cullinan Therapeutics selected for presidential symposium presentation at IASLC 2026 World Conference on Lung Cancer. Prestigious symposium selection for Phase 3 first-line data raises visibility and positive sentiment for Cullinan's lead oncology asset.

13 Aug

4 www.biopharmadive.com, 8:05 AM

New data from Taiho and Cullinan Therapeutics intensifies competition in the lung cancer drug market. New clinical data directly advances Cullinan's lung cancer program against a key rival.

12 Aug

4 , 7:30 PM

Zipalertinib plus chemotherapy met the primary endpoint of progression-free survival in the planned interim analysis of the phase 3 REZILIENT3 trial for first-line EGFR exon 20 insertion mutation non-small cell lung cancer. Positive phase 3 data for zipalertinib in NSCLC strengthens pipeline prospects and approval pathway for Cullinan.

7 Aug

4 , 8:16 AM

FDA-backed Phase 2 CLN-049 trial may alter the bull case for Cullinan Therapeutics (CGEM) and influence future market performance. FDA-backed Phase 2 trial directly affects development trajectory and investor outlook for CGEM.

6 Aug

3 , 7:00 AM

Cullinan Therapeutics released a corporate update along with its second quarter 2026 financial results. Quarterly financial reports and standard corporate updates can move near-term stock sentiment but seldom shift long-term company trajectory.

29 Jul

4 , 8:16 PM

Cullinan Therapeutics advances CLN-049 after FDA feedback, prompting questions on whether upside is already priced in. FDA feedback enabling CLN-049 advancement marks a key regulatory step for the company's main clinical asset.

28 Jul

4 , 7:00 AM

Cullinan Therapeutics held a positive end-of-phase 1 meeting with the FDA for CLN-049 and will advance the program into a potentially registrational phase 2 study in AML. Positive FDA feedback clears path to registrational phase 2 trial for lead asset CLN-049 in AML, materially improving clinical and regulatory outlook.

2 Jul

4 , 6:40 PM

VERAXA Biotech lead cancer program reaches key development milestone, drawing investor attention to the stock. Lead cancer program milestone advances pipeline and can lift future growth prospects.

23 Jun

4 Simply Wall St., 5:06 AM

Cullinan Therapeutics (CGEM) stock jumps 27.1% after releasing data on its autoimmune T cell engager that sparks hopes for immune reset. Positive autoimmune T cell engager data drives 27% stock surge and signals major pipeline potential.

10 Jun

4 GlobeNewswire, 7:30 AM

Cullinan Therapeutics released new clinical data from its T cell engager programs targeting CD19 and BCMA in autoimmune diseases. New clinical data on CD19 and BCMA programs signals potential pipeline progress that could materially shift company trajectory and investor views.

6 Jun

4 GlobeNewswire, 5:15 AM

Cullinan Therapeutics presented initial clinical data for CLN-978, a CD19xCD3 T cell engager, at the EULAR 2026 Congress. Initial clinical data on CLN-978 at a major rheumatology congress can materially shift investor sentiment and CGEM valuation.

26 May

4 GlobeNewswire, 7:00 AM

Cullinan Therapeutics will host an Immunology Day to present initial clinical data for CLN-978, a CD19 T cell engager, and Velinotamig, a BCMA T cell engager, in autoimmune diseases. Promising initial data presentation for two pipeline T cell engagers in autoimmune diseases can drive major shifts in company trajectory and investor sentiment.

19 May

4 GlobeNewswire, 7:00 AM

Cullinan Therapeutics receives FDA Orphan Drug Designation for CLN-049, a novel FLT3xCD3 T cell engager, in relapsed/refractory acute myeloid leukemia. Orphan Drug Designation grants regulatory incentives and market exclusivity that strengthen CLN-049 development and competitive stance in AML.

18 May

3 GlobeNewswire, 5:00 PM

Cullinan Therapeutics will present initial clinical data for CLN-978 in treatment-refractory rheumatoid arthritis and systemic lupus erythematosus at the EULAR 2026 Congress. Announcement of upcoming CLN-978 data presentation at EULAR 2026 signals pipeline progress that may moderately influence investor sentiment and company trajectory.

7 May

4 GlobeNewswire, 7:00 AM

Cullinan Therapeutics provided a corporate update and reported first quarter 2026 financial results. Corporate update combined with Q1 2026 financial results signals major strategic and financial developments likely to impact investor sentiment and stock trajectory.

28 Apr

5 Business Wire, 7:00 AM

U.S. FDA accepts Cullinan Therapeutics' New Drug Application for zipalertinib to treat locally advanced or metastatic non-small cell lung cancer with EGFR exon 20 insertion mutations. FDA NDA acceptance for zipalertinib marks a transformative regulatory milestone positioning Cullinan for potential approval and commercialization in a high-need oncology indication.

14 Mar

4 www.marketbeat.com, 1:11 AM

Cullinan Therapeutics highlights 2026 as a defining year during Leerink presentation, with key data readouts planned for CLN-978 and CLN-049 programs. Designation of 2026 as defining year with upcoming CLN-978 and CLN-049 data readouts signals major potential catalysts for Cullinan's clinical and market trajectory.

10 Mar

3 Associated Press Finance, 7:23 AM

Cullinan Therapeutics (CGEM) released Q4 earnings snapshot reporting quarterly financial results. Q4 earnings snapshots reveal financial metrics that moderately influence market sentiment and stock performance.

3 GlobeNewswire, 7:00 AM

Cullinan Therapeutics issued a corporate update and reported fourth quarter and full-year 2025 financial results. Corporate updates and full-year financial results affect financial performance and investor sentiment but are balanced by pipeline dependencies.

8 Mar

4 www.marketbeat.com, 12:03 AM

Cullinan Therapeutics outlined 2026 data catalysts for its autoimmune candidate CLN-978 and AML candidate CLN-049 during the TD Cowen Conference. Mapping key 2026 data readouts for lead pipeline assets CLN-978 and CLN-049 signals major milestones that could significantly boost investor sentiment and stock trajectory.

19 Feb

4 www.marketbeat.com, 8:12 PM

Cullinan Therapeutics anticipates 2026 as a defining year with key catalysts nearing for its T-Cell Engager and Zipalertinib programs. Nearing catalysts for T-Cell Engager and Zipalertinib forecast major pipeline progress that could reshape Cullinan's competitive position and investor outlook.

13 Feb

4 www.marketbeat.com, 2:09 AM

Cullinan Therapeutics, Inc. reported promising Q2 data for CLN-978, a treatment for acute myeloid leukemia (AML), which has gained Fast Track designation from the FDA. The company is gearing up for a catalyst-heavy 2026, focusing on advancing its clinical programs and enhancing its market position. The positive data and regulatory momentum are expected to drive investor interest and support future growth. The Fast Track designation and positive clinical data are likely to significantly impact the company's future performance and investor sentiment.

23 Jan

4 Zacks, 8:55 AM

Cullinan Therapeutics, Inc. (CGEM) has shown recent price strength, driven by positive developments in its clinical programs and strategic partnerships. The company is focusing on advancing its pipeline, particularly in oncology, which could enhance its market position. Investors are optimistic about upcoming data releases and potential collaborations that may further bolster CGEM's growth prospects. Maintaining this momentum will depend on successful execution of its strategies and continued investor confidence. Significant advancements in clinical programs and strategic partnerships could notably influence the company's future performance and market perception.

12 Jan

4 PR Newswire, 2:57 PM

Adimab has reported a successful year in 2025 for partnerships, highlighting its ability to attract collaborations and drive innovation in therapeutic development. The company has secured multiple agreements that are expected to enhance its pipeline and market presence, positioning it favorably within the competitive landscape of biopharmaceuticals. The strong partnerships established by Adimab are likely to significantly impact its future performance and investor sentiment.

9 Jan

4 TipRanks, 7:15 AM

Cullinan Therapeutics, Inc. provided a corporate update outlining anticipated milestones for 2026, highlighting progress in its clinical programs and strategic initiatives aimed at enhancing its pipeline and market position. Significant milestones and strategic initiatives are expected to impact the company's future performance and investor sentiment.