Cartesian Therapeutics, Inc.

NasdaqGM:RNAC Stock Report

Market Cap: US$173.7m

Cartesian Therapeutics Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Carsten Brunn

Chief executive officer

US$7.3m

Total compensation

CEO salary percentage8.79%
CEO tenure7yrs
CEO ownership0.1%
Management average tenure1.5yrs
Board average tenure4.5yrs

Recent management updates

Recent updates

Cartesian: Maintaining Buy Rating For Expansion Of Descartes-08 For Myositis

Nov 17

We Think Cartesian Therapeutics (NASDAQ:RNAC) Can Afford To Drive Business Growth

Oct 04
We Think Cartesian Therapeutics (NASDAQ:RNAC) Can Afford To Drive Business Growth

Subdued Growth No Barrier To Cartesian Therapeutics, Inc. (NASDAQ:RNAC) With Shares Advancing 27%

May 04
Subdued Growth No Barrier To Cartesian Therapeutics, Inc. (NASDAQ:RNAC) With Shares Advancing 27%

Cartesian Therapeutics, Inc.'s (NASDAQ:RNAC) Popularity With Investors Under Threat As Stock Sinks 27%

Mar 18
Cartesian Therapeutics, Inc.'s (NASDAQ:RNAC) Popularity With Investors Under Threat As Stock Sinks 27%

Cartesian Therapeutics: Need To Wait For More Data For Its Novel mRNA Therapies

Jan 17

Risks Still Elevated At These Prices As Cartesian Therapeutics, Inc. (NASDAQ:RNAC) Shares Dive 33%

Jan 05
Risks Still Elevated At These Prices As Cartesian Therapeutics, Inc. (NASDAQ:RNAC) Shares Dive 33%

Cartesian Therapeutics: Uncertainty Remains

Nov 10

Cartesian Therapeutics Seems A 'Strong Buy' After Positive Phase 2 Results

Sep 17

Cartesian: Further Value To Be Unlocked After Positive MG Treatment Data

Jul 02

CEO Compensation Analysis

How has Carsten Brunn's remuneration changed compared to Cartesian Therapeutics's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

-US$48m

Jun 30 2025n/an/a

-US$36m

Mar 31 2025n/an/a

-US$40m

Dec 31 2024US$7mUS$643k

-US$77m

Sep 30 2024n/an/a

-US$282m

Jun 30 2024n/an/a

-US$267m

Mar 31 2024n/an/a

-US$288m

Dec 31 2023US$6mUS$618k

-US$257m

Compensation vs Market: Carsten's total compensation ($USD7.31M) is above average for companies of similar size in the US market ($USD1.45M).

Compensation vs Earnings: Carsten's compensation has increased whilst the company is unprofitable.


CEO

Carsten Brunn (55 yo)

7yrs
Tenure
US$7,314,211
Compensation

Dr. Carsten Brunn, Ph.D. serves as President, Chief Executive Officer & Chairman of the Board since October 29, 2025 and was Director of Cartesian Therapeutics, Inc. since December 2018 until October 29, 2...


Leadership Team

NamePositionTenureCompensationOwnership
Carsten Brunn
President7yrsUS$7.31m0.12%
$ 202.0k
Blaine Davis
Chief Financial Officer3.1yrsUS$3.97m0.047%
$ 81.6k
Metin Kurtoglu
Consultantless than a yearUS$2.71m0.10%
$ 179.9k
Emily English
Chief Operating Officerless than a yearno data0.13%
$ 219.9k
June Seymour
Chief Accounting Officerless than a yearno datano data
Matthew Bartholomae
General Counsel & Secretaryno datano datano data
Milos Miljkovic
Chief Medical Officer2.1yrsno data0.010%
$ 18.0k
1.5yrs
Average Tenure
47yo
Average Age

Experienced Management: RNAC's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Carsten Brunn
President7yrsUS$7.31m0.12%
$ 202.0k
Timothy Barabe
Independent Director9.4yrsUS$291.52k0.18%
$ 319.4k
Patrick Zenner
Lead Independent Director8.5yrsUS$294.97k0.015%
$ 25.5k
Timothy Springer
Director9.5yrsUS$277.33k37.01%
$ 64.3m
Nishan DeSilva
Independent Director4.5yrsUS$284.97k0.0085%
$ 14.8k
Adrian Bot
Directorno datano datano data
Kemal Malik
Independent Director1.4yrsUS$314.57k0%
$ 0
Murat Kalayoglu
Independent Director2.1yrsUS$280.81k19.45%
$ 33.8m
Michael Singer
Independent Director2.1yrsUS$281.03k0.92%
$ 1.6m
4.5yrs
Average Tenure
59yo
Average Age

Experienced Board: RNAC's board of directors are considered experienced (4.5 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/28 02:55
End of Day Share Price 2025/12/26 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cartesian Therapeutics, Inc. is covered by 10 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Julian HarrisonBTIG
John NewmanCanaccord Genuity
Kristen KluskaCantor Fitzgerald & Co.