CADL

Candel Therapeutics, Inc. Health Care Biological Products, (No Diagnostic Substances) Russell 3000
$8.33Close $457.3MMarket cap $4.42 – $13.7552-week range Nov 12, 2026Next report

Highlights

Cautions

  • Not in an uptrend 5 of 8 trend conditions
  • Far from its high 39% below its 52-week high
  • Distribution down-day volume 1.9× up-day volume over 50 sessions
  • Results soon Nov 12, 2026, in 11 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 13, 2026
Off 12-month high 39%
1wk up 3.7% price change
1mo down 20.2% price change
12-month return up 49% market up 11% · its own up 41%
F-score — — Not assessed
Altman Z — Unknown
P/E — price / earnings
PEG — P/E / EPS growth
P/B 8.8× price / book
Earnings yield down 12.6% EBIT / enterprise value
Cheaper than — of the market · not assessed
Revenue growth — year on year
EPS growth — latest quarter
Sales growth — latest quarter
ROE down 65% return on equity
Free cash margin — -$38.9M FCF
D/E 0.89 long-term debt / equity
Net debt / EBITDA —
Interest cover Lossoperating loss

Trade setup

ATR% 6.8% $0.57 a day · 2×ATR $7.20
RS 74 / 99 vs the universe
Trend 5 / 8 under the 150/200-day, under the 50-day, over 25% off the high
Relative volume 0.7× vs 50-day average
Up/down volume 0.53 50 sessions
Implied move — no option chain · report Nov 12, 2026
Trend template · 5 of 8
  • Price above the 150 and 200-day averages: fails
  • 150-day average above the 200-day: passes
  • 200-day average rising for a month: passes
  • 50-day average above the 150 and 200-day: passes
  • Price above the 50-day average: fails
  • At least 30% above the 52-week low: passes
  • Within 25% of the 52-week high: fails
  • RS rank 70 or higher: passes

Screen verdict

Did not qualify for any screen.

Warning signs

2 flagged
  • Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
  • Shareholders diluted The share count rose 17.3% over the year, from 47m to 55m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported Aug 13, 2026
Results reaction Aug 13, 2026+9% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology
$0 $200,000 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $125,000 FY2021 · $125,000 FY2022 · $125,000 FY2023 FY2024 FY2025
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology -$38.2M
-$100M $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$17.7M FY2021 · -$36.1M FY2022 · -$18.8M FY2023 · -$37.9M FY2024 · -$55.2M FY2025 · -$38.2M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology -$38.9M
-$50M $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$10.5M FY2021 · -$24.1M FY2022 · -$32.7M FY2023 · -$34.7M FY2024 · -$27.0M FY2025 · -$38.9M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Net
  • Free cash
-50000% 0% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Net -14144% · Free cash -8438% FY2021 · Net -28899% · Free cash -19242% FY2022 · Net -15035% · Free cash -26173% FY2023 FY2024 FY2025
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $73.6M net cash
  • Cash
  • Long-term debt
$0 $200M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $35.1M · Long-term debt $483,000 FY2021 · Cash $82.6M · Long-term debt $560,000 FY2022 · Cash $70.1M FY2023 · Cash $35.4M · Long-term debt $11.6M FY2024 · Cash $102.7M · Long-term debt $1.7M FY2025 · Cash $119.7M · Long-term debt $46.1M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 54.90m +371.8% since FY2020
54.90m 11.64m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 11.64m FY2021 · 28.69m FY2022 · 28.92m FY2023 · 29.09m FY2024 · 46.81m FY2025 · 54.90m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $125,000 $125,000 $125,000 — — —
Operating income -$13.8M -$25.7M -$34.7M -$38.4M -$33.4M -$48.3M
Net income -$17.7M -$36.1M -$18.8M -$37.9M -$55.2M -$38.2M
Net margin -14144% -28899% -15035% — — —
Earnings per share — -$1.91 -$0.65 -$1.31 -$1.74 -$0.72
Free cash flow -$10.5M -$24.1M -$32.7M -$34.7M -$27.0M -$38.9M
Free cash margin -8438% -19242% -26173% — — —
Cash $35.1M $82.6M $70.1M $35.4M $102.7M $119.7M
Long-term debt $483,000 $560,000 — $11.6M $1.7M $46.1M
Shareholders' equity -$23.6M $64.1M $47.7M $12.7M $66.3M $51.9M
Shares outstanding 11.64m 28.69m 28.92m 29.09m 46.81m 54.90m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 13, 2026 Quarterly ↗ Jun 30, 2026 44d
May 14, 2026 Quarterly ↗ Mar 31, 2026 44d
Mar 12, 2026 Annual ↗ Dec 31, 2025 71d
Nov 13, 2025 Quarterly ↗ Sep 30, 2025 44d
Aug 14, 2025 Quarterly ↗ Jun 30, 2025 45d
May 13, 2025 Quarterly ↗ Mar 31, 2025 43d
Mar 13, 2025 Annual ↗ Dec 31, 2024 72d
Nov 14, 2024 Quarterly ↗ Sep 30, 2024 45d
Aug 13, 2024 Quarterly ↗ Jun 30, 2024 44d
May 14, 2024 Quarterly ↗ Mar 31, 2024 44d
Mar 28, 2024 Annual ↗ Dec 31, 2023 88d
Nov 9, 2023 Quarterly ↗ Sep 30, 2023 40d

Current reports