marketcaparena

CADL

Candel Therapeutics, Inc.

Company overview

Market capitalization
$856.24M
Employees
55
Latest publication
2026-09-29
About Candel Therapeutics, Inc.

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). The company is also developing CAN-3110, which is in Phase Ib clinical trials for the treatment of recurrent high-grade glioma. In addition, it develops the enLIGHTEN Discovery Platform, a systematic, iterative herpes simplex virus based discovery platform leveraging human biology and advanced analytics to create new viral immunotherapy candidates for solid tumors. The company was formerly known as Advantagene, Inc. and changed its name to Candel Therapeutics, Inc. in November 2020. Candel Therapeutics, Inc. was incorporated in 2003 and is headquartered in Needham, Massachusetts.

Company website

Financial statements

Income Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Research Development19,801,000USD9,840,000USD11,028,000USD8,461,000USD6,991,000USD4,016,000USD4,817,000USD5,416,000USD
Total Operating Expenses26,746,000USD16,284,000USD15,752,000USD13,207,000USD11,177,000USD8,130,000USD8,141,000USD8,757,000USD
Net Income-38,905,000USD-8,861,000USD-29,496,000USD-11,269,000USD-4,796,000USD7,379,000USD-14,073,000USD-10,646,000USD
Total Revenue—0USD0USD0USD0USD0USD1,000,000USD0USD
Cost Of Revenue—149,000USD163,000USD195,000USD242,000USD245,000USD245,000USD5,272,000USD
Gross Profit—-149,000USD-163,000USD-195,000USD-242,000USD-245,000USD-245,000USD-5,272,000USD
Selling General Administrative—6,444,000USD4,724,000USD4,746,000USD4,186,000USD4,114,000USD3,324,000USD3,341,000USD
Operating Income—-16,284,000USD-15,752,000USD-13,207,000USD-11,177,000USD-8,130,000USD-8,141,000USD-8,757,000USD
Interest Income—1,322,000USD1,102,000USD953,000USD926,000USD934,000USD290,000USD236,000USD
Interest Expense—1,564,000USD1,416,000USD161,000USD236,000USD306,000USD390,000USD487,000USD
Net Interest Income—-242,000USD-314,000USD792,000USD690,000USD628,000USD-100,000USD-251,000USD
Income Before Tax—-8,861,000USD-29,496,000USD-11,269,000USD-4,796,000USD7,379,000USD-14,073,000USD-10,646,000USD
Net Income From Continuing Ops—-8,861,000USD-29,496,000USD-11,269,000USD-4,796,000USD7,379,000USD-14,073,000USD-10,646,000USD
Ebit—-7,297,000USD-28,080,000USD-11,108,000USD-4,560,000USD7,685,000USD-13,683,000USD-10,159,000USD
Ebitda—-7,148,000USD-27,917,000USD-10,913,000USD-4,318,000USD7,930,000USD-13,438,000USD-9,914,000USD
Depreciation And Amortization—149,000USD163,000USD195,000USD242,000USD245,000USD245,000USD245,000USD
Reconciled Depreciation—149,000USD163,000USD195,000USD242,000USD245,000USD245,000USD245,000USD
Total Other Income Expense Net—7,422,999USD-13,744,000USD1,938,000USD6,381,000USD15,509,000USD-5,932,000USD-1,889,000USD
Selling And Marketing Expenses———————195,000USD
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Income Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
Total Revenue0USD0USD31,000USD125,000USD125,000USD125,000USD125,000USD
Cost Of Revenue845,000USD990,000USD23,980,000USD987,000USD232,000USD—6,607,000USD
Gross Profit-845,000USD-990,000USD-23,980,000USD125,000USD125,000USD125,000USD125,000USD
Research Development30,496,000USD19,314,000USD24,506,000USD20,787,000USD15,178,000USD8,754,000USD6,607,000USD
Selling General Administrative17,770,000USD14,057,000USD13,885,000USD14,060,000USD10,673,000USD5,181,000USD2,555,000USD
Total Operating Expenses48,266,000USD33,371,000USD38,391,000USD34,799,000USD25,851,000USD13,935,000USD9,162,000USD
Operating Income-48,266,000USD-33,371,000USD-38,391,000USD-34,674,000USD-25,726,000USD-13,810,000USD-9,037,000USD
Interest Income3,915,000USD1,086,000USD2,081,000USD1,218,000USD—111,000USD1,070,000USD
Interest Expense2,119,000USD2,090,000USD2,595,000USD1,708,000USD53,000USD111,000USD1,070,000USD
Net Interest Income1,796,000USD-1,004,000USD-30,000USD-490,000USD-53,000USD111,000USD1,070,000USD
Income Before Tax-38,182,000USD-55,177,000USD-37,939,000USD-18,794,000USD-36,124,000USD-17,680,000USD-8,240,000USD
Net Income-38,182,000USD-55,177,000USD-37,939,000USD-18,794,000USD-36,124,000USD-17,680,000USD-8,240,000USD
Net Income From Continuing Ops-38,182,000USD-55,177,000USD-31,927,000USD-18,794,000USD-36,124,000USD-17,680,000USD-8,240,000USD
Ebit-36,063,000USD-53,087,000USD-35,344,000USD-17,086,000USD-36,071,000USD-13,186,000USD-8,466,000USD
Ebitda-35,218,000USD-52,097,000USD-34,384,000USD-16,308,000USD-35,839,000USD-13,095,000USD-8,423,000USD
Depreciation And Amortization845,000USD990,000USD960,000USD778,000USD232,000USD91,000USD43,000USD
Reconciled Depreciation845,000USD990,000USD932,000USD778,000USD232,000USD91,000USD43,000USD
Total Other Income Expense Net10,084,000USD-21,806,000USD452,000USD15,928,000USD-10,398,000USD-3,870,000USD797,000USD
Selling And Marketing Expenses——687,000USD—834,000USD—204,000USD
Income Tax Expense———-15,928,000USD10,398,000USD4,494,000USD-226,000USD
Net Income Applicable To Common Shares———-18,794,000USD-36,124,000USD-17,680,000USD-8,240,000USD
Non Operating Income Net Other————-10,398,000USD——
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Balance sheet Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Total Assets208,149,000USD201,920,000USD125,195,000USD93,598,000USD105,968,000USD95,905,000USD106,866,000USD21,517,000USD
Cash And Equivalents201,565,000USD———————
Total Current Assets204,158,000USD197,752,000USD119,731,000USD90,134,000USD103,608,000USD93,148,000USD103,804,000USD18,085,000USD
Other Current Assets2,593,000USD2,918,000USD1,658,000USD3,171,000USD2,921,000USD983,000USD1,150,000USD1,527,000USD
Total Liabilities82,019,000USD———————
Total Current Liabilities12,685,000USD7,051,000USD8,997,000USD10,929,000USD14,715,000USD20,069,000USD37,529,000USD15,268,000USD
Other Current Liabilities89,000USD———————
Total Stockholder Equity126,130,000USD138,029,000USD51,922,000USD80,124,000USD90,210,000USD74,675,000USD66,327,000USD-15,257,000USD
Total Equity Including Noncontrolling Interest126,130,000USD———————
Property Plant Equipment Net3,477,000USD3,644,000USD3,303,000USD3,113,000USD2,049,000USD2,433,000USD2,733,000USD3,091,000USD
Accounts Payable5,154,000USD3,036,000USD1,129,000USD1,118,000USD1,953,000USD760,000USD237,000USD296,000USD
Short Term Debt461,000USD453,000USD445,000USD4,662,000USD7,298,000USD9,752,000USD10,461,000USD10,955,000USD
Common Stock761,000USD733,000USD550,000USD550,000USD549,000USD493,000USD469,000USD322,000USD
Retained Earnings-278,153,000USD-239,248,000USD-230,387,000USD-200,891,000USD-189,622,000USD-184,826,000USD-192,205,000USD-178,132,000USD
Total Liab—63,891,000USD73,273,000USD13,474,000USD15,758,000USD21,230,000USD40,539,000USD36,774,000USD
Other Current Liab—3,495,000USD7,423,000USD5,149,000USD5,464,000USD9,557,000USD26,831,000USD4,017,000USD
Capital Stock—733,000USD550,000USD550,000USD549,000USD493,000USD469,000USD322,000USD
Cash—194,834,000USD119,731,000USD86,963,000USD100,687,000USD92,165,000USD102,654,000USD16,558,000USD
Cash And Short Term Investments—194,834,000USD119,731,000USD86,963,000USD100,687,000USD92,165,000USD102,654,000USD16,558,000USD
Current Deferred Revenue—67,000USD——————
Net Debt—-193,038,000USD-117,827,000USD-80,729,000USD-92,346,000USD-81,252,000USD-89,183,000USD17,000USD
Short Long Term Debt Total—1,796,000USD1,904,000USD6,234,000USD8,341,000USD10,913,000USD13,471,000USD16,575,000USD
Long Term Debt—47,475,000USD47,130,000USD973,000USD939,000USD904,000USD2,603,000USD5,065,000USD
Property Plant Equipment Gross—7,346,000USD6,861,000USD6,540,000USD5,607,000USD5,753,000USD5,809,000USD5,925,000USD
Common Stock Shares Outstanding—62,361,897shares54,898,223shares54,894,347shares51,489,929shares31,675,076shares35,564,528shares32,013,569shares
Non Current Assets Total—4,168,000USD5,464,000USD3,464,000USD2,360,000USD2,757,000USD3,062,000USD3,432,000USD
Non Current Liabilities Total—56,840,000USD64,276,000USD2,545,000USD1,043,000USD1,161,000USD3,010,000USD21,506,000USD
Non Currrent Assets Other—524,000USD5,048,000USD351,000USD45,000USD58,000USD329,000USD75,000USD
Net Working Capital—190,701,000USD112,392,000USD79,205,000USD88,893,000USD73,079,000USD66,275,000USD2,817,000USD
Unclassified Non Current Liabilities—9,365,000USD17,146,000USD1,572,000USD———16,441,000USD
Unclassified Equity—375,811,000USD281,209,000USD279,915,000USD278,734,000USD258,515,000USD257,594,000USD162,231,000USD
Unclassified Current Assets——-1,658,000USD—————
Unclassified Non Current Assets——-2,887,000USD—————
Short Long Term Debt———4,225,000USD6,704,000USD9,172,000USD9,895,000USD9,851,000USD
Unclassified Current Liabilities———-4,225,000USD-6,704,000USD-9,172,000USD-9,895,000USD-9,851,000USD
Other Assets——————-277,000USD—
Accumulated Other Comprehensive Income——————0USD—
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Balance sheet Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
Total Assets125,195,000USD106,866,000USD41,201,000USD78,519,000USD89,205,000USD38,282,000USD45,901,000USD
Other Current Assets1,658,000USD1,150,000USD1,384,000USD1,887,000USD2,303,000USD93,000USD153,000USD
Total Liab73,273,000USD40,539,000USD28,456,000USD30,805,000USD25,068,000USD61,844,000USD53,939,000USD
Total Stockholder Equity51,922,000USD66,327,000USD12,745,000USD47,714,000USD64,137,000USD-23,562,000USD-8,038,000USD
Other Current Liab7,423,000USD26,831,000USD4,356,000USD4,771,000USD3,772,000USD3,329,000USD1,192,000USD
Common Stock550,000USD469,000USD290,000USD290,000USD286,000USD116,000USD116,000USD
Capital Stock550,000USD469,000USD290,000USD290,000USD286,000USD116,000USD116,000USD
Retained Earnings-230,387,000USD-192,205,000USD-137,028,000USD-99,089,000USD-80,295,000USD-44,171,000USD-26,491,000USD
Cash119,731,000USD102,654,000USD35,413,000USD70,058,000USD82,642,000USD35,053,000USD5,179,000USD
Cash And Short Term Investments119,731,000USD102,654,000USD35,413,000USD70,058,000USD82,642,000USD35,053,000USD45,057,000USD
Total Current Assets119,731,000USD103,804,000USD36,797,000USD71,945,000USD84,945,000USD35,146,000USD45,210,000USD
Total Current Liabilities8,997,000USD37,529,000USD14,184,000USD5,615,000USD5,362,000USD4,713,000USD1,410,000USD
Net Debt-117,827,000USD-89,183,000USD-12,651,000USD-47,258,000USD-82,082,000USD-34,107,000USD-4,759,000USD
Short Term Debt445,000USD10,461,000USD9,406,000USD464,000USD—463,000USD—
Short Long Term Debt Total1,904,000USD13,471,000USD22,762,000USD22,800,000USD560,000USD946,000USD420,000USD
Long Term Debt47,130,000USD2,603,000USD12,383,000USD20,850,000USD560,000USD483,000USD420,000USD
Accounts Payable1,129,000USD237,000USD422,000USD380,000USD1,590,000USD921,000USD218,000USD
Property Plant Equipment Net3,303,000USD2,733,000USD4,022,000USD5,480,000USD3,836,000USD2,787,000USD425,000USD
Property Plant Equipment Gross6,861,000USD5,809,000USD6,111,000USD6,609,000USD4,188,000USD2,787,000USD425,000USD
Common Stock Shares Outstanding52,958,644shares31,675,076shares28,935,289shares28,823,480shares28,689,842shares18,714,351shares18,714,351shares
Non Current Assets Total5,464,000USD3,062,000USD4,404,000USD6,574,000USD4,260,000USD3,136,000USD691,000USD
Non Current Liabilities Total64,276,000USD3,010,000USD14,272,000USD25,189,999USD19,706,000USD57,131,000USD52,529,000USD
Non Currrent Assets Other5,048,000USD329,000USD382,000USD266,000USD424,000USD349,000USD266,000USD
Net Working Capital112,392,000USD66,275,000USD22,613,000USD66,330,000USD79,583,000USD30,433,000USD43,800,000USD
Unclassified Current Assets-1,658,000USD——————
Unclassified Non Current Assets-2,887,000USD——————
Unclassified Non Current Liabilities17,146,000USD—1,889,000USD2,313,999USD-19,146,000USD48,977,000USD49,060,000USD
Unclassified Equity281,209,000USD257,594,000USD149,193,000USD146,223,000USD233,065,000USD69,437,000USD18,240,000USD
Short Long Term Debt—9,895,000USD8,893,000USD——463,000USD—
Accumulated Other Comprehensive Income—0USD0USD0USD-89,205,000USD-49,060,000USD-19,000USD
Unclassified Current Liabilities—-9,895,000USD-8,893,000USD——-3,605,000USD—
Other Liab———2,026,000USD19,146,000USD7,588,000USD3,049,000USD
Other Assets———266,000USD424,000USD349,000USD266,000USD
Current Deferred Revenue———144,000USD—3,142,000USD—
Net Tangible Assets———47,714,000USD64,137,000USD-23,562,000USD-8,038,000USD
Deferred Long Term Liab————894,000USD83,000USD—
Non Current Liabilities Other————18,252,000USD——
Short Term Investments—————0USD39,878,000USD
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Cash flow YTD

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USD
Depreciation320,000USD
Stock Based Compensation4,310,000USD
Change To Liabilities3,736,000USD
Change In Working Capital3,003,000USD
Operating Cash Flow-35,219,000USD
Capital Expenditures-744,000USD
Investing Cash Flow-744,000USD
Financing Cash Flow117,797,000USD
Change In Cash81,834,000USD
End Cash Flow201,981,000USD
SourceDisclosureDeterministicFinal

Cash flow Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
Net Income-8,861,000USD-29,496,000USD-11,269,000USD-4,796,000USD7,379,000USD-14,073,000USD-10,646,000USD-22,237,000USD
Depreciation149,000USD163,000USD195,000USD242,000USD245,000USD245,000USD245,000USD249,000USD
Stock Based Compensation1,452,000USD1,290,000USD1,163,000USD1,050,000USD314,000USD1,244,000USD1,184,000USD1,841,000USD
Other Non Cash Items-5,754,000USD13,880,000USD-681,000USD-5,454,000USD-14,729,000USD6,027,000USD1,800,000USD13,508,000USD
Change In Working Capital-3,571,000USD3,595,000USD356,000USD67,000USD-1,825,000USD743,000USD844,000USD441,000USD
Total Cash From Operating Activities-18,037,000USD-10,568,000USD-10,236,000USD-8,891,000USD-8,616,000USD-5,814,000USD-6,573,000USD-6,198,000USD
Capital Expenditures-675,000USD-409,000USD-144,000USD-31,000USD-3,000USD-3,000USD0USD-6,000USD
Free Cash Flow-18,712,000USD-10,977,000USD-10,380,000USD-8,922,000USD-8,619,000USD-5,817,000USD-6,573,000USD-6,204,000USD
Total Cashflows From Investing Activities-675,000USD-409,000USD-117,000USD-31,000USD-3,000USD-3,000USD—-6,000USD
Net Borrowings0USD43,713,000USD-2,500,000USD-2,500,000USD-2,500,000USD-2,500,000USD-2,500,000USD—
Total Cash From Financing Activities93,815,000USD43,895,000USD-3,371,000USD17,444,000USD-1,870,000USD91,913,000USD1,677,000USD1,945,000USD
Issuance Of Capital Stock93,787,000USD0USD-713,000USD19,698,000USD384,000USD94,043,000USD4,074,000USD3,455,000USD
Change In Cash75,103,000USD32,918,000USD-13,724,000USD8,522,000USD-10,489,000USD86,096,000USD-4,896,000USD-4,259,000USD
Begin Period Cash Flow119,731,000USD87,229,000USD100,953,000USD92,431,000USD102,920,000USD16,824,000USD21,720,000USD25,713,000USD
End Period Cash Flow194,834,000USD120,147,000USD87,229,000USD100,953,000USD92,431,000USD102,920,000USD16,824,000USD21,454,000USD
Unclassified Operating Cash Flow-1,452,000USD———————
Other Cashflows From Financing Activities—36,391,000USD-158,000USD246,000USD246,000USD370,000USD103,000USD990,000USD
Unclassified Financing Cash Flow—-36,209,000USD—————-2,500,000USD
Investments——-117,000USD-31,000USD-3,000USD-3,000USD0USD-6,000USD
Other Cashflows From Investing Activities——27,000USD—————
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Cash flow Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
Net Income-38,182,000USD-55,177,000USD-37,939,000USD-18,794,000USD-36,124,000USD-17,680,000USD-8,240,000USD
Depreciation845,000USD990,000USD1,283,000USD778,000USD232,000USD91,000USD43,000USD
Stock Based Compensation3,817,000USD5,312,000USD3,091,000USD2,307,000USD2,963,000USD2,107,000USD400,000USD
Other Non Cash Items-6,984,000USD21,506,000USD-301,000USD-15,781,000USD76,000USD4,637,000USD2,107,000USD
Change In Working Capital2,193,000USD346,000USD-378,000USD71,000USD-876,000USD1,774,000USD513,000USD
Total Cash From Operating Activities-38,311,000USD-27,023,000USD-34,244,000USD-31,419,000USD-22,218,000USD-9,071,000USD-5,177,000USD
Capital Expenditures-587,000USD-16,000USD-457,000USD-1,297,000USD-1,835,000USD-1,476,000USD-159,000USD
Free Cash Flow-38,898,000USD-27,039,000USD-34,701,000USD-32,716,000USD-24,053,000USD-10,547,000USD-5,336,000USD
Total Cashflows From Investing Activities-560,000USD-16,000USD-280,000USD-1,297,000USD-1,835,000USD38,455,000USD-35,741,000USD
Net Borrowings36,213,000USD-9,167,000USD0USD19,910,000USD19,910,000USD460,000USD-522,000USD
Total Cash From Financing Activities56,098,000USD94,280,000USD-121,000USD19,974,000USD71,800,000USD490,000USD21,979,000USD
Issuance Of Capital Stock19,369,000USD101,758,000USD0USD0USD71,335,000USD0USD22,500,000USD
Change In Cash17,227,000USD67,241,000USD-34,645,000USD-12,742,000USD47,747,000USD29,874,000USD-18,939,000USD
Begin Period Cash Flow102,920,000USD35,679,000USD70,324,000USD83,066,000USD35,319,000USD5,445,000USD24,384,000USD
End Period Cash Flow120,147,000USD102,920,000USD35,679,000USD70,324,000USD83,066,000USD35,319,000USD5,445,000USD
Other Cashflows From Investing Activities27,000USD—177,000USD——39,931,000USD-34,736,000USD
Other Cashflows From Financing Activities56,098,000USD1,689,000USD-121,000USD64,000USD465,000USD30,000USD22,501,000USD
Unclassified Financing Cash Flow-55,582,000USD———-20,375,000USD—-22,500,000USD
Investments—-16,000USD-529,000USD-1,297,000USD-1,835,000USD39,931,000USD-34,736,000USD
Sale Purchase Of Stock——-121,000USD—71,800,000USD——
Change To Liabilities———-1,146,000USD966,000USD164,000USD-112,000USD
Unclassified Investing Cash Flow———1,297,000USD1,835,000USD-39,931,000USD33,890,000USD
Cash And Cash Equivalents Changes————47,747,000USD——
Unclassified Operating Cash Flow————11,511,000USD——
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Operating metrics

No operating metrics are currently published for this company.

Revenue breakdown

No revenue breakdown is currently published for this company.

Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.