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NASDAQ · Health care

Candel Therapeutics, Inc. (CADL)

It posted a net loss of $88.5M. In fiscal 2025 capital spending exceeded operating cash flow by $38.9M. At June 30, 2026 it held $201.6M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 13, 2026.

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Price
$9.35
-1.48% on the day · November 10, 2026
52-week range $4.35 to $14.00
Market cap
$715.4M

Key facts about Candel Therapeutics, Inc.

Net worth
Candel Therapeutics, Inc. has a market value (market cap) of $715.4M at the latest share price, and shareholders' equity of $126.1M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2022 revenue was $125K (0.0% year on year), with a net loss of $18.8M.
Cash flow
In fiscal 2025 operations used $38.3M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 13, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
Next earnings report
Candel Therapeutics, Inc.'s next report was expected around October 13, 2026 and is not on file with the SEC yet.

What Candel Therapeutics, Inc. does

Candel Therapeutics, Inc. is registered with the SEC under industry code SIC 2836 (Biological Products, (No Diagnostic Substances)). Its shares trade on NASDAQ under the ticker CADL.

Revenue and profit by year

Revenue
FY21: $125K $125K FY21FY21: $125K $125K FY21FY22: $125K $125K FY22
Net income
FY21: -$17.7M -$17.7M FY21FY21: -$36.1M -$36.1M FY21FY22: -$18.8M -$18.8M FY22FY23: -$37.9M -$37.9M FY23FY24: -$55.2M -$55.2M FY24FY25: -$38.2M -$38.2M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025n/a-$48.3M-$38.2M-$0.72-$38.9M
2024n/a-$33.4M-$55.2M-$1.74-$27M
2023n/a-$38.4M-$37.9M-$1.31-$34.7M
2022$125K-$34.7M-$18.8M-$0.65-$32.7M
2021$125K-$25.7M-$36.1M-$1.91-$24.1M
2021$125K-$13.8M-$17.7M-$1.52-$10.5M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

A report was expected around October 13, 2026 and is not on file yet.

Estimated from its filing rhythm: 52 weeks after its report of October 14, 2025. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Latest SEC filings

What Candel Therapeutics, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 10, 2026
  2. September 9, 2026
  3. August 13, 2026
    Quarterly report 10-Q · period to June 30, 2026Diluted EPS -$0.52 versus -$0.09.
  4. August 13, 2026
  5. July 27, 2026
  6. June 24, 2026
  7. June 16, 2026
  8. May 15, 2026
  9. May 15, 2026
  10. May 14, 2026
    Quarterly report 10-Q · period to March 31, 2026Diluted EPS -$0.14 versus $0.13.

Recent insider filings (Forms 3, 4 and 144): 10, the latest on November 5, 2026. Insider transactions on SEC

Insider trades

What the people running Candel Therapeutics, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $3.2M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$3.2M
last 90 days
Net sold
287,245
$3.2M
DateInsiderWhatSharesPriceValueFiling
September 11, 2026 Tak Paul PeterChief Executive Officer, Director Soldpre-planned (10b5-1) 59,379 $10.46 $620.9K Form 4
September 10, 2026 Tak Paul PeterChief Executive Officer, Director Exercised options 125,000 $1.55 $193.8K Form 4
September 10, 2026 Tak Paul PeterChief Executive Officer, Director Soldpre-planned (10b5-1) 220,866 $11.50 $2.5M Form 4
August 17, 2026 Tyagarajan SeshuChief Technology Officer Soldpre-planned (10b5-1) 7,000 $12.00 $84K Form 4
June 29, 2026 Barone FrancescaChief Scientific Officer Soldpre-planned (10b5-1) 23,447 $10.06 $235.8K Form 4
June 29, 2026 Tyagarajan SeshuChief Technology Officer Soldpre-planned (10b5-1) 7,000 $10.02 $70.2K Form 4
February 23, 2026 Manning Paul BDirector Boughtindirect 550,458 $5.45 $3M Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns CADL

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Fmr LLC13G, passive with 1 related filers 15% 6,318,721 February 7, 2025
RTW Investments, LP13G, passive with 1 related filers 8.8% 6,422,018 May 15, 2026
Paul B Manning13D, may seek influence with 2 related filers 7.9% 5,790,999 March 18, 2026
Anders Hove13G, passive with 4 related filers 5.2% 2,580,517 June 30, 2025

Latest filings below 5%: Baker Bros. Advisors LP 4.99% (May 15, 2025); Northpond Ventures, LP 0% (February 14, 2025); CVI Investments, Inc. 0% (February 7, 2025).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

4 insiders reported holding 3,031,075 shares in total, about $28.3M at the last price.

HolderSharesAs of
Manning Paul BDirector 2,763,5272,763,527 held indirectly February 23, 2026
Tak Paul PeterChief Executive Officer, Director 113,321 September 11, 2026
Barone FrancescaChief Scientific Officer 77,362 June 29, 2026
Tyagarajan SeshuChief Technology Officer 76,865 August 17, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about CADL

What does Candel Therapeutics, Inc. do?

Candel Therapeutics, Inc. is a company in the Health care sector, listed on NASDAQ as CADL. Its shares trade on NASDAQ under the ticker CADL.

What is Candel Therapeutics, Inc.'s net worth?

Candel Therapeutics, Inc. has a market value (market cap) of $715.4M at the latest share price, and shareholders' equity of $126.1M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Candel Therapeutics, Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $88.5M.

When did Candel Therapeutics, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 13, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from November 5, 2026.

When is Candel Therapeutics, Inc.'s next earnings report?

Candel Therapeutics, Inc.'s next report was expected around October 13, 2026 and is not on file with the SEC yet.

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Where the numbers come from

Financial figures are the values Candel Therapeutics, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.