NASDAQ$RNAC
Selecta Biosciences Inc · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Cartesian Therapeutics (formerly Selecta Biosciences) reported Q2 2026 financial results with net income driven by non-cash gains and extended cash runway into 2028.
Cartesian Therapeutics reported second quarter 2026 results highlighting pipeline progress in its Descartes-08 CAR-T programs and a strengthened financial position. The company achieved net income of $15.8 million primarily from a non-cash gain on contingent value rights revaluation, despite zero revenue and ongoing R&D expenses. Cash position reached $149.3 million following non-dilutive financing, supporting operations into 2028 amid multiple upcoming clinical readouts.
- Net income of $15.8 million ($0.47 EPS) for Q2 2026, compared to $15.9 million in Q2 2025, driven by $49.2 million non-cash CVR gain offsetting operating loss.
- Cash, cash equivalents and restricted cash of $149.3 million as of June 30, 2026, extended runway into 2028 via $150M K2HV credit facility.
- Phase 3 AURORA trial in MG advancing with data expected 1Q27; Phase 2 TRITON in myositis and Phase 1/2 HELIOS pediatric trial on track for 1H27 data.
- New WestGene partnership for in vivo CAR-T platform; Phase 1 MG trial initiation planned for 2H26 with data in 1H27.
Headline financials
Revenue & EPS history
Selecta Biosciences · Revenue · Quarterly
$0
Forward guidance
Multiple clinical data readouts expected over next 12 months including Phase 3 AURORA in 1Q27; cash runway extended into 2028 supporting precommercial activities.
Tailwinds
- Phase 3 AURORA data expected 1Q27 with BLA filing mid-2027
- Partnership with WestGene accelerates in vivo platform; data 1H27
- Non-dilutive financing extends runway into 2028
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+0.3%
Avg return
Earnings day
-1.5%
Avg return
5 days after
+0.8%
Avg return
30 days after
36%
14 / 39 earnings
Positive
+43.0%
Q2 2022
Best reaction
-58.1%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -3.9% | +14.2% | — | |
| Q4 2025 | +31.7% | +7.9% | -10.2% | |
| Q3 2025 | -1.6% | -4.8% | -10.3% | |
| Q2 2025 | -6.6% | +0.4% | -5.7% | |
| Q1 2025 | -5.0% | -4.2% | +5.9% | |
| Q3 2024 | -0.5% | -18.8% | +20.5% | |
| Q2 2024 | -5.9% | -3.8% | -8.7% | |
| Q1 2024 | -5.8% | -7.6% | +57.6% | |
| Q4 2023 | -8.6% | -16.0% | -36.6% | |
| Q3 2023 | +11.7% | +11.7% | -26.6% | |
| Q2 2023 | +3.7% | +7.3% | +4.6% | |
| Q1 2023 | -6.1% | +2.6% | +11.3% | |
| Q4 2022 | -3.1% | -5.0% | -13.1% | |
| Q3 2022 | +0.6% | -4.9% | -18.4% | |
| Q2 2022 | +43.0% | +55.2% | +10.9% | |
| Q1 2022 | +7.4% | -0.6% | +10.2% | |
| Q4 2021 | -5.7% | -16.6% | -32.0% | |
| Q3 2021 | -6.1% | -8.1% | -23.5% | |
| Q2 2021 | +13.1% | +8.9% | +15.4% | |
| Q1 2021 | -0.7% | +3.7% | +65.4% | |
| Q4 2020 | +9.5% | +16.7% | +7.2% | |
| Q3 2020 | -8.2% | -8.2% | -2.7% | |
| Q2 2020 | -4.7% | -3.6% | -21.6% | |
| Q1 2020 | +1.3% | +4.2% | +17.5% | |
| Q4 2019 | -12.3% | -35.6% | -28.5% | |
| Q3 2019 | -8.4% | -9.7% | -1.3% | |
| Q2 2019 | -6.3% | -11.5% | +3.1% | |
| Q1 2019 | -4.8% | -8.4% | -9.6% | |
| Q4 2018 | +37.8% | +21.6% | +22.1% | |
| Q3 2018 | -5.0% | -2.8% | -7.4% | |
| Q2 2018 | +0.9% | -1.5% | +3.8% | |
| Q1 2018 | +1.3% | +10.4% | +16.1% | |
| Q4 2017 | -16.6% | -22.8% | +7.4% | |
| Q3 2017 | -58.1% | -59.9% | -56.0% | |
| Q2 2017 | -1.4% | -7.1% | +3.8% | |
| Q1 2017 | -2.1% | +3.2% | +9.3% | |
| Q4 2016 | +16.1% | +18.9% | +5.7% | |
| Q3 2016 | +27.2% | +17.9% | +20.3% | |
| Q2 2016 | -4.6% | -1.7% | +25.4% | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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