Cullinan Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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FY2025 · Filed Mar 10, 2026
CGEM$11.73+3.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $88,332 | $83,005 |
| Short-term investments | 289,564 | 315,972 |
| Prepaid expenses and other current assets | 8,860 | 15,691 |
| Total current assets | 386,756 | 414,668 |
| Property and equipment, net | 421 | 683 |
| Operating lease right-of-use assets | 2,630 | 1,667 |
| Other assets | 297 | 366 |
| Long-term investments | 58,270 | 204,440 |
| Total assets | $448,374 | $621,824 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $841 | $1,682 |
| Accrued expenses and other current liabilities | 36,120 | 27,663 |
| Operating lease liabilities, current | 780 | 1,302 |
| Total current liabilities | 37,741 | 30,647 |
| Long-term liabilities: | ||
| Operating lease liabilities, net of current portion | 1,903 | 849 |
| Total liabilities | 39,644 | 31,496 |
| Commitments and contingencies (Note 11) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of December 31, 2025 and 2024; 555,935 and 647,500 shares issued and outstanding as of December 31, 2025 and 2024, respectively. | — | — |
| Common stock, $0.0001 par value, 150,000,000 shares authorized as of December 31, 2025 and 2024; 60,244,136 and 58,510,610 shares issued and outstanding as of December 31, 2025 and 2024, respectively. | 6 | 6 |
| Additional paid-in capital | 995,823 | 958,695 |
| Accumulated other comprehensive gain (loss) | 1,020 | (133) |
| Accumulated deficit | (588,119) | (368,240) |
| Total Cullinan stockholders' equity | 408,730 | 590,328 |
| Noncontrolling interests | — | — |
| Total stockholders' equity | 408,730 | 590,328 |
| Total liabilities and stockholders' equity | $448,374 | $621,824 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.