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Annual data and sources

Cullinan Therapeutics, Inc. (CGEM) · Nasdaq · USD · Sector unavailable · CIK 0001789972

Annual coverage: 2020-12-31–2025-12-31 (6 periods). Financial snapshot built 2026-10-09.

CGEM annual financial history

All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.

See the calculation and limitations.

Annual EPS, cash flow, dividends, and fiscal-year dividend yield for Cullinan Therapeutics, Inc.
Fiscal year / endBasic EPSDiluted EPSFCF / shareDividends / shareFiscal-year dividend yieldFiling sources
2025
2025-12-31
UnavailableUnavailableUnavailableUnavailableUnavailableOperating cash flow (2026-03-10) · Capex (2026-03-10)
2024
2024-12-31
UnavailableUnavailableUnavailableUnavailableUnavailableOperating cash flow (2026-03-10) · Capex (2026-03-10)
2023
2023-12-31
-3.69-3.69-3.24UnavailableUnavailableBasic EPS (2024-03-14)
Diluted EPS (2024-03-14)
Operating cash flow (2025-02-27) · Capex (2025-02-27)
2022
2022-12-31
2.462.38-2.74UnavailableUnavailableBasic EPS (2024-03-14)
Diluted EPS (2024-03-14)
Operating cash flow (2024-03-14) · Capex (2024-03-14)
2021
2021-12-31
-1.52-1.52-1.01UnavailableUnavailableBasic EPS (2023-03-09)
Diluted EPS (2023-03-09)
Operating cash flow (2023-03-09) · Capex (2023-03-09)
2020
2020-12-31
UnavailableUnavailableUnavailableUnavailableUnavailableOperating cash flow (2022-03-17) · Capex (2022-03-17)

Annual per-share context (USD/share)

Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue / shareTotal debt / shareInputs & filing sources
2025-12-31UnavailableUnavailable
Inputs & filings

revenue: No unambiguous matching annual USD fact; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 60244136

periodEndShares (2026-03-10)
2024-12-31UnavailableUnavailable
Inputs & filings

revenue: No unambiguous matching annual USD fact; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 58510610

periodEndShares (2026-03-10)
2023-12-31UnavailableUnavailable
Inputs & filings

revenue: No unambiguous matching annual USD fact; averageDilutedShares: 41550000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 42900083

averageDilutedShares (2024-03-14)
periodEndShares (2025-02-27)
2022-12-310.00Unavailable
Inputs & filings

revenue: 0; averageDilutedShares: 46640000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 45796449

revenue (2023-03-09)
averageDilutedShares (2024-03-14)
periodEndShares (2024-03-14)
2021-12-310.44Unavailable
Inputs & filings

revenue: 18943000; averageDilutedShares: 43077000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 44292102

revenue (2023-03-09)
averageDilutedShares (2023-03-09)
periodEndShares (2023-03-09)
2020-12-31UnavailableUnavailable
Inputs & filings

revenue: 0; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 29831125

revenue (2022-03-17)
periodEndShares (2022-03-17)

Annual returns and cash generation (%)

Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.

Fiscal endFCF margin (%)FCF / net income (%)ROCE (%)Inputs & filing sources
2025-12-31UnavailableUnavailable-48.24
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-175799000,"capex":{"accession":"0001193125-26-099362","end":"2025-12-31","filed":"2026-03-10","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001193125-26-099362","end":"2025-12-31","filed":"2026-03-10","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"netIncome":{"value":-219879000,"tag":"ProfitLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"operatingIncome":{"value":-241648000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"openingAssets":{"value":621824000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"openingCurrentLiabilities":{"value":30647000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"openingCapitalEmployed":{"value":591177000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":590328000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"openingTotalEquity":{"value":590328000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"openingCash":{"value":83005000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":647500,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2024-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":448374000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"closingCurrentLiabilities":{"value":37741000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"closingCapitalEmployed":{"value":410633000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":408730000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"closingTotalEquity":{"value":408730000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"closingCash":{"value":88332000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2025-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":555935,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2025-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-219879000,"tag":"NetIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":0,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"pretaxIncome":{"value":-219879000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":500905000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: No unambiguous matching annual USD fact; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -48.24228147053832

fcfMargin component 1 (2026-03-10) · fcfMargin component 2 (2026-03-10)
cashConversion component 1 (2026-03-10) · cashConversion component 2 (2026-03-10) · cashConversion component 3 (2026-03-10)
roce component 1 (2026-03-10) · roce component 2 (2026-03-10) · roce component 3 (2026-03-10) · roce component 4 (2026-03-10) · roce component 5 (2026-03-10)
2024-12-31UnavailableUnavailable-37.61
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-145303000,"capex":{"accession":"0001193125-26-099362","end":"2024-12-31","filed":"2026-03-10","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001193125-26-099362","end":"2024-12-31","filed":"2026-03-10","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"netIncome":{"value":-167575000,"tag":"ProfitLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"operatingIncome":{"value":-196919000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"openingAssets":{"value":484182000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-27","accession":"0000950170-25-028346","form":"10-K"},"openingCurrentLiabilities":{"value":28137000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-27","accession":"0000950170-25-028346","form":"10-K"},"openingCapitalEmployed":{"value":456045000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":453703000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-27","accession":"0000950170-25-028346","form":"10-K"},"openingTotalEquity":{"value":453895000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"openingCash":{"value":98434000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-27","accession":"0000950170-25-028346","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":647500,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2024-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-167383000,"tag":"NetIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":117000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"pretaxIncome":{"value":-167458000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-10","accession":"0001193125-26-099362","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":523611000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: No unambiguous matching annual USD fact; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -37.60788065949722

fcfMargin component 1 (2026-03-10) · fcfMargin component 2 (2026-03-10)
cashConversion component 1 (2026-03-10) · cashConversion component 2 (2026-03-10) · cashConversion component 3 (2026-03-10)
roce component 1 (2026-03-10) · roce component 2 (2025-02-27) · roce component 3 (2025-02-27) · roce component 4 (2026-03-10) · roce component 5 (2026-03-10)
2023-12-31UnavailableUnavailable-38.42
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-134483000,"capex":{"accession":"0000950170-25-028346","end":"2023-12-31","filed":"2025-02-27","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0000950170-25-028346","end":"2023-12-31","filed":"2025-02-27","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"netIncome":{"value":-155101000,"tag":"ProfitLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2025-02-27","accession":"0000950170-25-028346","form":"10-K"},"operatingIncome":{"value":-191089000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2025-02-27","accession":"0000950170-25-028346","form":"10-K"},"openingAssets":{"value":561117000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"openingCurrentLiabilities":{"value":22498000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"openingCapitalEmployed":{"value":538619000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":535029000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"openingTotalEquity":{"value":535029000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2022-12-31","filed":"2025-02-27","accession":"0000950170-25-028346","form":"10-K"},"openingCash":{"value":156152000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":647500,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2023-12-31","filed":"2025-02-27","accession":"0000950170-25-028346","form":"10-K"},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-153162000,"tag":"NetIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2025-02-27","accession":"0000950170-25-028346","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":-14122000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2025-02-27","accession":"0000950170-25-028346","form":"10-K"},"pretaxIncome":{"value":-169223000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2025-02-27","accession":"0000950170-25-028346","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":497332000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: No unambiguous matching annual USD fact; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -38.42282418987718

fcfMargin component 1 (2025-02-27) · fcfMargin component 2 (2025-02-27)
cashConversion component 1 (2025-02-27) · cashConversion component 2 (2025-02-27) · cashConversion component 3 (2025-02-27)
roce component 1 (2025-02-27) · roce component 2 (2024-03-14) · roce component 3 (2024-03-14) · roce component 4 (2025-02-27) · roce component 5 (2025-02-27)
2022-12-31Unavailable-117.0430.01
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-127797000,"capex":{"accession":"0000950170-24-031143","end":"2022-12-31","filed":"2024-03-14","form":"10-K","start":"2022-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0000950170-24-031143","end":"2022-12-31","filed":"2024-03-14","form":"10-K","start":"2022-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":0,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"netIncome":{"value":109195000,"tag":"ProfitLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"operatingIncome":{"value":144648000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"openingAssets":{"value":437185000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"openingCurrentLiabilities":{"value":11746000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"openingCapitalEmployed":{"value":425439000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":424971000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"openingTotalEquity":{"value":425374000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2021-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"openingCash":{"value":59774000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"openingCommonEquity":{"value":424971000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":561117000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"closingCurrentLiabilities":{"value":22498000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"closingCapitalEmployed":{"value":538619000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":535029000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"closingTotalEquity":{"value":535029000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2022-12-31","filed":"2025-02-27","accession":"0000950170-25-028346","form":"10-K"},"closingCash":{"value":156152000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"closingCommonEquity":{"value":535029000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":111214000,"tag":"NetIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":42121000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"pretaxIncome":{"value":151316000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"effectiveTaxRate":{"value":0.2783644822755029,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":104383134.36781305,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":482029000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":480000000,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: Positive revenue required; zero or negative denominator is unavailable; cashConversion: -117.03557855213151; roce: 30.00815303643557

fcfMargin component 1 (2024-03-14) · fcfMargin component 2 (2024-03-14) · fcfMargin component 3 (2023-03-09)
cashConversion component 1 (2024-03-14) · cashConversion component 2 (2024-03-14) · cashConversion component 3 (2024-03-14)
roce component 1 (2024-03-14) · roce component 2 (2023-03-09) · roce component 3 (2023-03-09) · roce component 4 (2024-03-14) · roce component 5 (2024-03-14)
2021-12-31-229.28Unavailable-21.72
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-43433000,"capex":{"accession":"0000950170-23-006839","end":"2021-12-31","filed":"2023-03-09","form":"10-K","start":"2021-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0000950170-23-006839","end":"2021-12-31","filed":"2023-03-09","form":"10-K","start":"2021-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":18943000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"netIncome":{"value":-67485000,"tag":"ProfitLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"operatingIncome":{"value":-67954000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"openingAssets":{"value":214708000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"openingCurrentLiabilities":{"value":14320000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"openingCapitalEmployed":{"value":200388000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":199010000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"openingTotalEquity":{"value":200315000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2020-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"openingCash":{"value":168198000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":437185000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"closingCurrentLiabilities":{"value":11746000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"closingCapitalEmployed":{"value":425439000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":424971000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"closingTotalEquity":{"value":425374000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2021-12-31","filed":"2024-03-14","accession":"0000950170-24-031143","form":"10-K"},"closingCash":{"value":59774000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"closingCommonEquity":{"value":424971000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-65570000,"tag":"NetIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":0,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"pretaxIncome":{"value":-67485000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":312913500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -229.28258459589293; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -21.716544668095175

fcfMargin component 1 (2023-03-09) · fcfMargin component 2 (2023-03-09) · fcfMargin component 3 (2023-03-09)
cashConversion component 1 (2023-03-09) · cashConversion component 2 (2023-03-09) · cashConversion component 3 (2023-03-09)
roce component 1 (2023-03-09) · roce component 2 (2022-03-17) · roce component 3 (2022-03-17) · roce component 4 (2023-03-09) · roce component 5 (2023-03-09)
2020-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-29782000,"capex":{"accession":"0000950170-22-004002","end":"2020-12-31","filed":"2022-03-17","form":"10-K","start":"2020-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0000950170-22-004002","end":"2020-12-31","filed":"2022-03-17","form":"10-K","start":"2020-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":0,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"netIncome":{"value":-59458000,"tag":"ProfitLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"operatingIncome":{"value":-60335000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31"},"openingParentEquity":{"value":97001000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"openingTotalEquity":{"value":97865000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2019-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":214708000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"closingCurrentLiabilities":{"value":14320000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"closingCapitalEmployed":{"value":200388000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":199010000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"closingTotalEquity":{"value":200315000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2020-12-31","filed":"2023-03-09","accession":"0000950170-23-006839","form":"10-K"},"closingCash":{"value":168198000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-51799000,"tag":"NetIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-17","accession":"0000950170-22-004002","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: Positive revenue required; zero or negative denominator is unavailable; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31

fcfMargin component 1 (2022-03-17) · fcfMargin component 2 (2022-03-17) · fcfMargin component 3 (2022-03-17)
cashConversion component 1 (2022-03-17) · cashConversion component 2 (2022-03-17) · cashConversion component 3 (2022-03-17)
roce component 1 (2022-03-17) · roce component 2 (2022-03-17) · roce component 3 (2022-03-17)

Annual operating facts

Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue (USD)Operating margin (%)Net margin (%)Inputs & filing sources
2025-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: No unambiguous matching annual USD fact; operatingIncome: -241648000; netIncome: -219879000

operatingIncome (2026-03-10)
netIncome (2026-03-10)
2024-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: No unambiguous matching annual USD fact; operatingIncome: -196919000; netIncome: -167575000

operatingIncome (2026-03-10)
netIncome (2026-03-10)
2023-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: No unambiguous matching annual USD fact; operatingIncome: -191089000; netIncome: -155101000

operatingIncome (2025-02-27)
netIncome (2025-02-27)
2022-12-310.00UnavailableUnavailable
Inputs & filings

revenue: 0; operatingIncome: 144648000; netIncome: 109195000

revenue (2023-03-09)
operatingIncome (2024-03-14)
netIncome (2024-03-14)
2021-12-3118,943,000.00-358.73-356.25
Inputs & filings

revenue: 18943000; operatingIncome: -67954000; netIncome: -67485000

revenue (2023-03-09)
operatingIncome (2023-03-09)
netIncome (2023-03-09)
2020-12-310.00UnavailableUnavailable
Inputs & filings

revenue: 0; operatingIncome: -60335000; netIncome: -59458000

revenue (2022-03-17)
operatingIncome (2022-03-17)
netIncome (2022-03-17)

Cullinan Therapeutics, Inc. (CGEM) P/E ratio history

The interactive P/E chart contains all 301 stored weekly price points (2021-01-08–2026-10-08); 52 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.

Fiscal-year-end snapshots

1 eligible fiscal-year-end observations span 2022-12-31–2022-12-31. Latest eligible diluted P/E: 4.43×; basic P/E: 4.29×, for fiscal end 2022-12-31, using the close on 2022-12-30.

Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.

Explore the P/E chart and optional reference lines · How P/E history is calculated.

Complete annual P/E history (6 fiscal periods)
Full stored fiscal-year-end P/E history, independent of the selected chart window. Ratios in ×; prices in USD.
Fiscal endPrice dateClosePrice basisBasic P/EDiluted P/EEPS filings
2025-12-312025-12-2610.37Adjusted closeUnavailableUnavailable Source unavailable
2024-12-312024-12-2712.02Adjusted closeUnavailableUnavailable Source unavailable
2023-12-312023-12-2910.19Adjusted closeUnavailableUnavailableBasic EPS (2024-03-14) Diluted EPS (2024-03-14)
2022-12-312022-12-3010.55Adjusted close4.294.43Basic EPS (2024-03-14) Diluted EPS (2024-03-14)
2021-12-312021-12-3115.43Adjusted closeUnavailableUnavailableBasic EPS (2023-03-09) Diluted EPS (2023-03-09)
2020-12-31UnavailableUnavailableUnavailableUnavailableUnavailable Source unavailable

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