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Candel Therapeutics Inc (CADL) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

HEALTHCARE · BIOTECHNOLOGY · DATA UPDATED 2026-09-18

Candel Therapeutics Inc (CADL) operates in the BIOTECHNOLOGY industry and is headquartered in Needham, United States with about 55 employees. Its market capitalization is roughly $830 million. In the fiscal year ended 2025-12-31, CADL reported $0M in revenue and ($38M) in net income.

Candel Therapeutics, Inc., a clinical stage biopharmaceutical company, develops immunotherapies for cancer patients. It develops CAN-2409, which is in Phase 2a clinical trials for the treatment of prostate cancer; and Phase 2a clinical trials for the treatment of non-small cell lung cancer (NSCLC).

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CADL Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Revenue$0M$0M$0M$0M$0M$0M$0M$0M
Gross Profit($1M)($1M)($24M)$0M$0M$0M$0M
Gross Margin %-77354.8%100.0%100.0%100.0%100.0%
Operating Income (EBIT)($72M)($48M)($33M)($38M)($35M)($26M)($14M)($9M)
Operating Margin %-123841.9%-27739.2%-20580.8%-11048.0%-7229.6%
Net Income($89M)($38M)($55M)($38M)($19M)($36M)($18M)($8M)
Net Margin %-122383.9%-15035.2%-28899.2%-14144.0%-6592.0%
EBITDA($83M)($35M)($52M)($34M)($16M)($36M)($13M)($8M)
Earnings Per Share (EPS)$-1.41$-0.72$-1.74$-1.31$-0.65$-1.91$-0.94$-0.44
Shares Outstanding (M)74M53M32M29M29M19M19M19M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CADL Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$0M$0M$0M$0M$0M$0M$1M$0M
Gross Profit$0M$0M$0M$0M$0M$0M($5M)
Gross Margin %-24.5%
Operating Income (EBIT)($27M)($16M)($16M)($13M)($11M)($8M)($8M)($9M)
Operating Margin %-814.1%
Net Income($39M)($9M)($29M)($11M)($5M)$7M($14M)($11M)
Net Margin %-1407.3%
EBITDA($37M)($7M)($28M)($11M)($4M)$8M($13M)($10M)
Earnings Per Share (EPS)$-0.52$-0.14$-0.54$-0.21$-0.09$0.23$-0.40$-0.33
Shares Outstanding (M)74M62M55M55M51M32M36M32M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CADL Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash from Operations (CFO)($56M)($38M)($27M)($34M)($31M)($22M)($9M)($5M)
Capital Expenditures (CapEx)$1M$1M$0M$0M$1M$2M$1M$0M
Free Cash Flow (FCF)($57M)($39M)($27M)($35M)($33M)($24M)($11M)($5M)
FCF Margin %-111938.7%-26172.8%-19242.4%-8437.6%-4268.8%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CADL Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)($17M)($18M)($11M)($10M)($9M)($9M)($6M)($7M)
Capital Expenditures (CapEx)$0M$1M$0M$0M$0M$0M$0M$0M
Free Cash Flow (FCF)($17M)($19M)($11M)($10M)($9M)($9M)($6M)($7M)
FCF Margin %-581.7%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CADL Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Assets$208M$125M$107M$41M$79M$89M$38M$46M
Cash & Cash Equivalents$202M$120M$103M$35M$70M$83M$35M$5M
Total Liabilities$82M$73M$41M$28M$31M$25M$62M$54M
Total Debt (Short + Long-Term)$48M$48M$13M$22M$21M$1M$1M$0M
Total Shareholders' Equity$126M$52M$66M$13M$48M$64M($24M)($8M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive CADL viewer.

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