Candel Therapeutics, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
CADL$9.35-1.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share amounts)
| THREE MONTHS ENDEDSEPTEMBER 30, | NINE MONTHS ENDEDSEPTEMBER 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Operating expenses: | ||||
| Research and development | $8,461 | $5,416 | $19,468 | $14,497 |
| General and administrative | 4,746 | 3,341 | 13,046 | 10,733 |
| Total operating expenses | 13,207 | 8,757 | 32,514 | 25,230 |
| Loss from operations | (13,207) | (8,757) | (32,514) | (25,230) |
| Other income (expense): | ||||
| Interest income | 953 | 236 | 2,813 | 796 |
| Interest expense | (161) | (487) | (703) | (1,700) |
| Change in fair value of warrant liability | 1,146 | (1,638) | 21,718 | (14,970) |
| Total other income (expense), net | 1,938 | (1,889) | 23,828 | (15,874) |
| Net loss and comprehensive loss | $(11,269) | $(10,646) | $(8,686) | $(41,104) |
| Net loss per share, basic and diluted | $(0.21) | $(0.33) | $(0.17) | $(1.35) |
| Weighted-average common shares outstanding, basic and diluted | 54,894,347 | 32,013,569 | 52,305,013 | 30,369,129 |
Candel ThErapeutics, Inc.
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