The Tip Desk

Cabaletta Bio, Inc.

Company Stats

Market Cap
$325.5M
as of Sep 30, 2026
Shares Outstanding
169.5M
Free Float
99.4%

Income Statement

Operating Income
-$172.2M
Net Income
-$167.9M
EBITDA
-$170.6M

Cash Flow

Free Cash Flow
-$132.3M
FCF Yield
-40.6%
Owner FCF Yield
-47.1%

Balance Sheet

Cash & Equivalents
$83.0M

Returns & Capital

SBC, 3Y Avg
$17.2M

Cash Flow by Year

YearRevenueFCFMargin
FY2025—-$132.3M—
FY2024—-$90.4M—
FY2023—-$54.2M—
FY2022—-$48.8M—
FY2021—-$35.3M—

Annual filing data through FY ended December 31, 2025; shares and float as of November 4, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage