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CADLCandel Therapeutics, Inc.
$9.83$540M
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CADL logoCandel Therapeutics, Inc.(CADL)Earnings, Financials & Key Ratios

CADL•NASDAQ
$9.88
Price updated Jul 2, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryCell and Gene Therapy Developers
AboutCandel Therapeutics, Inc., a clinical stage biopharmaceutical company, engages in the development immunotherapies for the cancer patients. The company develops CAN-2409, which is in Phase II clinical trails for the treatment of pancreatic cancer; Phase III clinical trials for the treatment of prostate cancer; and Phase II clinical trials for the treatment of lung cancer, as well as has completed Phase Ib/II clinical trials for the treatment of high-grade glioma. It also develops CAN-3110, which is in Phase I clinical trials for the treatment of recurrent glioblastoma. The company was formerly known as Advantagene, Inc. and changed its name to Candel Therapeutics, Inc. in November 2020. The company was incorporated in 2003 and is based in Needham, Massachusetts.Show more
  • Revenue$0
  • EBITDA-$47M-46.4%
  • Net Income-$38M+30.8%
  • EPS (Diluted)-0.72+58.6%
  • ROE-64.58%+53.7%

CADL Price & Volume

Candel Therapeutics, Inc. (CADL) stock price & volume — 10-year historical chart

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Clinical Development Costs Drive Persistent Capital Consumption

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Negative
Financial:Adequate
Cash Flow:Burning
Primary Risk:Binary clinical trial outcomes

Key Thesis Takeaways

  • Candel Therapeutics remains in a high-risk, pre-revenue phase characterized by intensive R&D spending to advance its CAN-2409 program.
  • While recent equity financing has bolstered the balance sheet to $194.8 million in cash, the company faces significant dilution risk and structural reliance on external capital to fund its ongoing clinical trials.
  • Investors should monitor the binary outcomes of these trials, as the firm currently lacks commercial revenue to offset its $16.3 million quarterly operating loss.

Verdict Logic

while the current ratio of 28.05 provides a temporary liquidity buffer, the company's lack of revenue and $16.3 million quarterly operating loss necessitate a cautious approach until clinical milestones are achieved.

CADL Growth Metrics

Candel Therapeutics, Inc. (CADL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-37.51%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM20.72%

Return on Capital

10 Years-48.58%
5 Years-56.87%
3 Years-66.05%
Last Year-52.03%

CADL Recent Earnings

Candel Therapeutics, Inc. (CADL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 3/12 qtrs (33%)
Q2 2026Latest
May 14, 2026
Metric
Actual
Est
EPS
$0.14+36.4%
$0.22
Rev
—
—
Q2 2026
Mar 12, 2026
Metric
Actual
Est
EPS
$0.54-125.0%
$0.24
Rev
—
—
Q4 2025
Nov 13, 2025
Metric
Actual
Est
EPS
$0.21-23.5%
$0.17
Rev
—
—
Q3 2025
Aug 14, 2025
Metric
Actual
Est
EPS
$0.09+47.1%
$0.17
Rev
—
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 14, 2026
$0.14vs $0.22+36.4%
—
Q2 2026Mar 12, 2026
$0.54vs $0.24-125.0%
—
Q4 2025Nov 13, 2025
$0.21vs $0.17-23.5%
—
Q3 2025Aug 14, 2025
$0.09vs $0.17+47.1%
—
Based on last 12 quarters of dataView full earnings history →

Latest CADL News

Recent stock market news and headlines for Candel Therapeutics, Inc. (CADL)

GlobeNewsWire·Jun 25, 2026
Candel Therapeutics Appoints Mark Sims as Chief Commercial Officer

NEEDHAM, Mass., June 25, 2026 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Candel or the Company) (Nasdaq: CADL), a clinical-stage biopharmaceutical company focused on developing multimodal immunotherapies to improve disease outcomes for patients with cancer, today announced the appointment of Mark Sims as the Company's Chief Commercial Officer, effective July 6, 2026. Mr. Sims will lead Candel's commercial strategy and launch readiness for aglatimagene besadenovec (aglatimagene or CAN-2409) in intermediate- to high-risk localized prostate cancer.

Peers Comparison

Key metrics vs top competitors for Candel Therapeutics, Inc. (CADL)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CADL logoCADLCandel Therapeutics, Inc.Current
$9.88$542.42M-13.72——-64.58%—
IMVT logoIMVTImmunovant, Inc.
$38.14$7.83B-13.77——-68.16%—
IMCR logoIMCRImmunocore Holdings plc
$31.65$1.61B-59.7220%-4.88%-4.83%—
IOVA logoIOVAIovance Biotherapeutics, Inc.
$3.97$1.42B-3.6460.6%-123.9%-50.17%—
FATE logoFATEFate Therapeutics, Inc.
$3.02$352.01M-2.63-51.24%-2056.79%-58.89%—
NKTR logoNKTRNektar Therapeutics
$64.39$1.26B-6.62-43.89%-284.18%-87%—

Compare CADL vs Peers

Candel Therapeutics, Inc. (CADL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IMVT

Most directly comparable listed peer for CADL.

Scale Benchmark

vs HALO

Larger-name benchmark to compare CADL against a more recognizable public peer.

Peer Set

Compare Top 5

vs IMVT, IMCR, IOVA, FATE

CADL SEC Filings & Documents

Candel Therapeutics, Inc. (CADL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 15, 2026·SEC

Material company update

May 14, 2026·SEC

Material company update

Mar 12, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 12, 2026·SEC

FY 2025

Mar 13, 2025·SEC

FY 2024

Mar 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 14, 2026·SEC

FY 2025

Nov 13, 2025·SEC

FY 2025

Aug 14, 2025·SEC

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CADL Frequently Asked Questions

Candel Therapeutics, Inc. (CADL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
Is CADL profitable?

Candel Therapeutics, Inc. (CADL) reported a net loss of $54.4M for fiscal year 2025.

Dividend & Returns
What is CADL's return on equity?

Candel Therapeutics, Inc. (CADL) has a return on equity (ROE) of -64.6%. Negative ROE indicates the company is unprofitable.

What is Candel Therapeutics, Inc.'s free cash flow?

Candel Therapeutics, Inc. (CADL) had negative free cash flow of $49.0M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in CADL back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →