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CADL Stock Analysis - Candel Therapeutics, Inc. AI Rating

CADL Nasdaq Biological Products, (No Diagnostic Substances) DE CIK: 0001841387
Recently Updated • Analysis: Mar 21, 2026 • SEC Data: 2025-12-31
AI Rating
SELL
92% Confidence

📊 CADL Key Takeaways

Revenue: $102.0K
Net Margin: -37,433.3%
Free Cash Flow: $-38.9M
Current Ratio: 13.49x
Debt/Equity: 0.89x
EPS: $-0.72
AI Rating: SELL with 92% confidence

Investment Thesis

Candel Therapeutics is a pre-revenue clinical-stage biopharmaceutical company burning significant cash with minimal commercial traction ($102K revenue) and negative operating margins exceeding -47,000%. Despite adequate liquidity buffers, the company's path to profitability remains highly uncertain with ongoing substantial losses and deteriorating cash position.

CADL Strengths

  • + Strong cash position of $119.7M provides 2-3 years of runway at current burn rate
  • + Excellent liquidity ratios (13.49x current ratio) ensure near-term solvency
  • + Manageable debt load relative to equity (0.89x D/E ratio) limits leverage risk

CADL Risks

  • ! Severe unprofitability with -$38.2M net loss on near-zero revenue indicates business model execution failure
  • ! Negative free cash flow of -$38.9M annually suggests unsustainable cash burn without milestone achievements
  • ! Pre-commercial stage with minimal revenue generation indicates clinical development challenges and delayed commercialization timeline
  • ! EPS of -$0.72 and negative ROE/ROA confirm value destruction for shareholders

Key Metrics to Watch

CADL Financial Metrics

Revenue
$102.0K
Net Income
$-38.2M
EPS (Diluted)
$-0.72
Free Cash Flow
$-38.9M
Total Assets
$125.2M
Cash Position
$119.7M

💡 AI Analyst Insight

Strong liquidity with a 13.49x current ratio provides a solid financial cushion.

CADL Profitability Ratios

Gross Margin N/A
Operating Margin -47,319.6%
Net Margin -37,433.3%
ROE -73.5%
ROA -30.5%
FCF Margin -38,135.3%

CADL vs Healthcare Sector

How Candel Therapeutics, Inc. compares to Healthcare sector averages

Net Margin
CADL -37,433.3%
vs
Sector Avg 12.0%
CADL Sector
ROE
CADL -73.5%
vs
Sector Avg 15.0%
CADL Sector
Current Ratio
CADL 13.5x
vs
Sector Avg 2.0x
CADL Sector
Debt/Equity
CADL 0.9x
vs
Sector Avg 0.6x
CADL Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

CADL Balance Sheet & Liquidity

Current Ratio
13.49x
Quick Ratio
13.49x
Debt/Equity
0.89x
Debt/Assets
58.5%
Interest Coverage
-22.78x
Long-term Debt
$46.1M

CADL 5-Year Financial Trend

CADL 5-year financial data: Year 2021: Revenue $125.0K, Net Income -$17.7M, EPS N/A. Year 2022: Revenue $125.0K, Net Income -$36.1M, EPS $-1.91. Year 2023: Revenue $125.0K, Net Income -$18.8M, EPS $-0.65.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Candel Therapeutics, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-1.74 indicates the company is currently unprofitable.

CADL Growth Metrics (YoY)

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-38,135.3%
Free cash flow / Revenue

CADL Quarterly Performance

Quarterly financial performance data for Candel Therapeutics, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2023 $31.0K -$8.4M $-0.29
Q2 2023 $31.0K -$4.1M $-0.14
Q1 2023 $31.0K -$874.0K $-0.03
Q3 2022 $31.0K -$8.7M $-0.30
Q2 2022 $31.0K -$4.1M $-0.14
Q1 2022 $31.0K -$874.0K N/A
Q3 2021 $31.0K -$2.6M N/A
Q2 2021 $31.0K -$2.6M N/A

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

CADL Capital Allocation

Operating Cash Flow
-$38.3M
Cash generated from operations
Capital Expenditures
$587.0K
Investment in assets
Dividends
None
No dividend program

CADL SEC Filings

Access official SEC EDGAR filings for Candel Therapeutics, Inc. (CIK: 0001841387)

📋 Recent SEC Filings

Date Form Document Action
Mar 12, 2026 10-K cadl-20251231.htm View →
Mar 12, 2026 8-K cadl-20260312.htm View →
Feb 26, 2026 4 xslF345X05/ownership.xml View →
Feb 23, 2026 8-K d113082d8k.htm View →
Feb 19, 2026 8-K cadl-20260219.htm View →

Frequently Asked Questions about CADL

What is the AI rating for CADL?

Candel Therapeutics, Inc. (CADL) has an AI rating of SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.

What are CADL's key strengths?

Strong cash position of $119.7M provides 2-3 years of runway at current burn rate. Excellent liquidity ratios (13.49x current ratio) ensure near-term solvency.

What are the risks of investing in CADL?

Severe unprofitability with -$38.2M net loss on near-zero revenue indicates business model execution failure. Negative free cash flow of -$38.9M annually suggests unsustainable cash burn without milestone achievements.

What is CADL's revenue and growth?

Candel Therapeutics, Inc. reported revenue of $102.0K.

Does CADL pay dividends?

Candel Therapeutics, Inc. does not currently pay dividends.

Where can I find CADL SEC filings?

Official SEC filings for Candel Therapeutics, Inc. (CIK: 0001841387) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is CADL's EPS?

Candel Therapeutics, Inc. has a diluted EPS of $-0.72.

How is the AI analysis conducted?

Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.

Disclaimer: This analysis is generated by Claude AI based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 21, 2026 | Data as of: 2025-12-31 | Powered by Claude AI