NASDAQ · Financial Statements

Candel Therapeutics, Inc. (CADL) Financial Statements

$8.03 NASDAQ: CADL Market Cap $614.44M

Candel Therapeutics, Inc. most recently reported annual revenue of $0, a net loss of $38.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Candel Therapeutics, Inc.: net profit was positive in 0 of 7 reported years; operating margin moved from -7229.6% to -27739.2%, a shift of -20509.6 percentage points; the most recent year shows a net loss of $38.0M.

Income Statement — 7 Years (USD millions)

Metric2019202020212022202320242025
Revenue$0$0$0$0$0$0$0
Operating Expenses$9.0M$14.0M$26.0M$35.0M$38.0M$33.0M$48.0M
Operating Profit$-9.0M$-14.0M$-26.0M$-35.0M$-38.0M$-33.0M$-48.0M
Operating Margin-7229.6%-11048.0%-20580.8%-27739.2%0.0%0.0%0.0%
Other Income$1.0M$-4.0M$-10.0M$16.0M$0$-22.0M$10.0M
Interest$0$0$0$2.0M$3.0M$2.0M$2.0M
Depreciation$0$0$0$1.0M$1.0M$1.0M$1.0M
Profit Before Tax$-8.0M$-18.0M$-36.0M$-19.0M$-38.0M$-55.0M$-38.0M
Tax$0$0$0$0$0$0$0
Net Profit$-8.0M$-18.0M$-36.0M$-19.0M$-38.0M$-55.0M$-38.0M
EPS$-0.43$-1.18$-1.91$-0.10$-1.31$-1.74$-0.72
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$0$0$0$0$0$0$0$0$0$0$0$0
Operating Expenses$9.0M$10.0M$8.0M$9.0M$9.0M$8.0M$8.0M$11.0M$13.0M$16.0M$16.0M$27.0M
Operating Profit$-9.0M$-10.0M$-8.0M$-9.0M$-9.0M$-8.0M$-8.0M$-11.0M$-13.0M$-16.0M$-16.0M$-27.0M
Operating Margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Interest$1.0M$1.0M$1.0M$1.0M$0$0$0$0$0$1.0M$2.0M$2.0M
Profit Before Tax$-8.0M$-11.0M$-8.0M$-22.0M$-11.0M$-14.0M$7.0M$-5.0M$-11.0M$-29.0M$-9.0M$-39.0M
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$-8.0M$-11.0M$-8.0M$-22.0M$-11.0M$-14.0M$7.0M$-5.0M$-11.0M$-29.0M$-9.0M$-39.0M
EPS$-0.29$-0.38$-0.28$-0.74$-0.33$-0.40$0.23$-0.09$-0.21$-0.54$-0.14$-0.52

Over the 7 years reported for Candel Therapeutics, Inc., cash stood at $120.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 13.33 times.

Balance Sheet — 7 Years (USD millions)

Metric2019202020212022202320242025
Total Assets$46.0M$38.0M$89.0M$79.0M$41.0M$107.0M$125.0M
Current Assets$45.0M$35.0M$85.0M$72.0M$37.0M$104.0M$120.0M
Cash$5.0M$35.0M$83.0M$70.0M$35.0M$103.0M$120.0M
Inventory$0$0$0$0$0$0$0
Receivables$0$0$0$0$0$0$0
Fixed Assets$0$3.0M$4.0M$5.0M$4.0M$3.0M$0
Capital Work in Progress$0$0$0$0$0$0$0
Investments$40.0M$0$0$0$0$0$0
Other Assets$0$0$0$0$0$0$0
Total Liabilities$54.0M$62.0M$25.0M$31.0M$28.0M$41.0M$73.0M
Current Liabilities$1.0M$5.0M$5.0M$6.0M$14.0M$38.0M$9.0M
Borrowings$0$1.0M$1.0M$23.0M$23.0M$13.0M$2.0M
Other Liabilities$54.0M$61.0M$25.0M$8.0M$6.0M$27.0M$71.0M
Equity$0$0$0$0$0$0$1.0M
Reserves$-8.0M$-24.0M$64.0M$48.0M$13.0M$66.0M$52.0M

For Candel Therapeutics, Inc., operating cash flow was positive in 0 of 7 reported years; free cash flow in the latest year was negative at $39.0M; free cash flow was positive in 0 of 7 years.

Cash Flow Statement — 7 Years (USD millions)

Metric2019202020212022202320242025
Operating Cash Flow$-5.0M$-9.0M$-22.0M$-31.0M$-34.0M$-27.0M$-38.0M
Investing Cash Flow$-36.0M$37.0M$-4.0M$-3.0M$-1.0M$0$-1.0M
Financing Cash Flow$0$0$0$0$0$2.0M$0
Net Cash Flow$-19.0M$30.0M$48.0M$-13.0M$-35.0M$67.0M$17.0M
Free Cash Flow$-5.0M$-11.0M$-24.0M$-33.0M$-35.0M$-27.0M$-39.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.09
EV / EBITDA-7.16
FCF Yield-7.68%
Quick Ratio16.09
Interest Coverage-15.26
Return 1Y41.67%
Return 3Y772.57%
Return 5Y—

Candel Therapeutics, Inc. (CADL) financials — frequently asked questions

What is Candel Therapeutics, Inc.'s annual revenue?

Candel Therapeutics, Inc. (CADL) reported annual revenue of $0 in its most recent fiscal year.

What is Candel Therapeutics, Inc.'s net profit?

Candel Therapeutics, Inc. (CADL) reported a net loss of $38.0M in its most recent fiscal year.

What is CADL EV/EBITDA?

Candel Therapeutics, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -7.16. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.