Celldex Therapeutics Inc Financials
This page shows Celldex Therapeutics Inc (CLDX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Celldex’s FY2025 economics were driven by accelerating R&D burn, funded from a prior capital cushion rather than debt.
FY2025’s sharper loss was a portfolio investment choice, not a sales deterioration story: R&D spending rose to$245.1M from$163.6M even though revenue stayed immaterial. Because financing inflow fell to$2.4M from$441.4M , that larger program was funded mostly by drawing down the liquid asset base assembled in FY2024 rather than by adding debt.
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Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Celldex Therapeutics Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Celldex Therapeutics Inc scores 25.10, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.8B) relative to total liabilities ($55.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Celldex Therapeutics Inc passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Celldex Therapeutics Inc generates $0.82 in operating cash flow (-$210.9M OCF vs -$258.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Celldex Therapeutics Inc generated $1.5M in revenue in fiscal year 2025. This represents a decrease of 78.0% from the prior year.
Celldex Therapeutics Inc's EBITDA was -$284.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 48.0% from the prior year.
Celldex Therapeutics Inc reported -$258.8M in net income in fiscal year 2025. This represents a decrease of 63.9% from the prior year.
Celldex Therapeutics Inc earned $-3.90 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 59.2% from the prior year.
Cash & Balance Sheet
Celldex Therapeutics Inc generated -$213.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 33.8% from the prior year.
Celldex Therapeutics Inc held $28.9M in cash against $0 in long-term debt as of fiscal year 2025.
Celldex Therapeutics Inc had 67M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.
Margins & Returns
Celldex Therapeutics Inc's gross margin was 87.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 10.1 percentage points from the prior year.
Celldex Therapeutics Inc's operating margin was -18599.8% in fiscal year 2025, reflecting core business profitability. This is down 15820.9 percentage points from the prior year.
Celldex Therapeutics Inc's net profit margin was -16748.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 14499.3 percentage points from the prior year.
Celldex Therapeutics Inc's ROE was -49.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 28.0 percentage points from the prior year.
Capital Allocation
Celldex Therapeutics Inc invested $245.1M in research and development in fiscal year 2025. This represents an increase of 49.8% from the prior year.
Celldex Therapeutics Inc invested $2.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 41.4% from the prior year.
CLDX Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15K | N/A | N/A | $730K+5.0% | $695K-40.9% | $1.2M-63.2% | $3.2M+27.7% | $2.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $73.0M | N/A | $62.9M+16.1% | $54.2M+3.0% | $52.6M+12.1% | $46.9M+3.7% | $45.3M+14.0% | $39.7M |
| SG&A Expenses | $11.4M | N/A | $10.7M+2.8% | $10.4M-4.0% | $10.8M+5.4% | $10.3M+2.1% | $10.1M+10.1% | $9.1M |
| Operating Income | -$84.4M | N/A | -$73.6M-15.3% | -$63.9M-1.8% | -$62.7M-12.0% | -$56.0M-7.5% | -$52.1M-12.5% | -$46.3M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$78.7M | N/A | -$67.0M-18.5% | -$56.6M-5.2% | -$53.8M-14.2% | -$47.1M-11.8% | -$42.1M-17.5% | -$35.8M |
| EPS (Diluted) | $-1.18 | N/A | $-1.01-18.8% | $-0.85-4.9% | $-0.81 | N/A | $-0.64-18.5% | $-0.54 |
CLDX Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $511.3M-12.3% | $583.0M-10.1% | $648.4M-6.4% | $692.4M-6.4% | $739.5M-6.7% | $792.3M-3.7% | $823.2M-2.6% | $845.6M |
| Current Assets | $459.2M-14.1% | $534.7M-11.5% | $604.3M-6.8% | $648.4M-6.5% | $693.8M-7.1% | $747.2M-4.1% | $778.8M-4.1% | $812.0M |
| Cash & Equivalents | $35.7M+23.8% | $28.9M-19.9% | $36.0M+56.4% | $23.0M+34.5% | $17.1M-39.6% | $28.4M-22.1% | $36.4M-14.8% | $42.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $55.0M-1.4% | $55.8M+11.5% | $50.1M+35.3% | $37.0M+1.4% | $36.5M-19.5% | $45.3M+21.6% | $37.3M+16.7% | $31.9M |
| Current Liabilities | $51.5M+0.9% | $51.0M+9.7% | $46.5M+41.0% | $33.0M+3.0% | $32.0M-18.9% | $39.5M+23.1% | $32.1M+16.0% | $27.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $456.2M-13.5% | $527.2M-11.9% | $598.4M-8.7% | $655.4M-6.8% | $703.0M-5.9% | $747.0M-4.9% | $785.9M-3.4% | $813.7M |
| Retained Earnings | -$1.9B-4.3% | -$1.8B-4.7% | -$1.7B-4.0% | -$1.7B-3.5% | -$1.6B-3.5% | -$1.6B-3.1% | -$1.5B-2.9% | -$1.5B |
CLDX Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$65.6M-2.6% | -$63.9M-31.5% | -$48.6M-10.5% | -$44.0M+19.1% | -$54.4M-67.4% | -$32.5M+41.3% | -$55.3M-88.7% | -$29.3M |
| Capital Expenditures | $1.6M+27.9% | $1.3M+191.1% | $440K-39.6% | $728K+174.7% | $265K-64.9% | $756K+38.7% | $545K+98.9% | $274K |
| Free Cash Flow | -$67.2M-3.1% | -$65.2M-32.9% | -$49.1M-9.7% | -$44.7M+18.1% | -$54.6M-64.4% | -$33.2M+40.5% | -$55.9M-88.8% | -$29.6M |
| Investing Cash Flow | $72.1M+30.1% | $55.4M-8.9% | $60.8M+22.1% | $49.9M+16.1% | $43.0M+78.6% | $24.0M-49.6% | $47.8M+202.2% | -$46.7M |
| Financing Cash Flow | $327K-75.8% | $1.3M+74.3% | $774K+1128.6% | $63K-68.8% | $202K-47.7% | $386K-68.8% | $1.2M-66.6% | $3.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CLDX Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -562900.0% | N/A | N/A | -8747.5%+279.7pp | -9027.2%-4258.9pp | -4768.3%-3134.7pp | -1633.5%+220.6pp | -1854.2% |
| Net Margin | -524566.7% | N/A | N/A | -7753.4%-13.0pp | -7740.4%-3732.6pp | -4007.8%-2687.8pp | -1320.0%+114.8pp | -1434.8% |
| Return on Equity | -17.3% | N/A | -11.2%-2.6pp | -8.6%-1.0pp | -7.6%-1.3pp | -6.3%-0.9pp | -5.4%-1.0pp | -4.4% |
| Return on Assets | -15.4% | N/A | -10.3%-2.2pp | -8.2%-0.9pp | -7.3%-1.3pp | -5.9%-0.8pp | -5.1%-0.9pp | -4.2% |
| Current Ratio | 8.92-1.6 | 10.49-2.5 | 13.01-6.7 | 19.67-2.0 | 21.67+2.8 | 18.91-5.4 | 24.27-5.1 | 29.36 |
| Debt-to-Equity | 0.12+0.0 | 0.11+0.0 | 0.08+0.0 | 0.060.0 | 0.050.0 | 0.06+0.0 | 0.050.0 | 0.04 |
| FCF Margin | -448180.0% | N/A | N/A | -6127.8%+1733.6pp | -7861.4%-5033.2pp | -2828.3%-1077.0pp | -1751.2%-566.3pp | -1185.0% |
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Frequently Asked Questions
What is Celldex Therapeutics Inc's annual revenue?
Celldex Therapeutics Inc (CLDX) reported $1.5M in total revenue for fiscal year 2025. This represents a -78.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Celldex Therapeutics Inc's revenue growing?
Celldex Therapeutics Inc (CLDX) revenue declined by 78% year-over-year, from $7.0M to $1.5M in fiscal year 2025.
Is Celldex Therapeutics Inc profitable?
No, Celldex Therapeutics Inc (CLDX) reported a net income of -$258.8M in fiscal year 2025, with a net profit margin of -16748.0%.
What is Celldex Therapeutics Inc's EBITDA?
Celldex Therapeutics Inc (CLDX) had EBITDA of -$284.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Celldex Therapeutics Inc's gross margin?
Celldex Therapeutics Inc (CLDX) had a gross margin of 87.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Celldex Therapeutics Inc's operating margin?
Celldex Therapeutics Inc (CLDX) had an operating margin of -18599.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Celldex Therapeutics Inc's net profit margin?
Celldex Therapeutics Inc (CLDX) had a net profit margin of -16748.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Celldex Therapeutics Inc's return on equity (ROE)?
Celldex Therapeutics Inc (CLDX) has a return on equity of -49.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Celldex Therapeutics Inc's free cash flow?
Celldex Therapeutics Inc (CLDX) generated -$213.7M in free cash flow during fiscal year 2025. This represents a -33.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Celldex Therapeutics Inc's operating cash flow?
Celldex Therapeutics Inc (CLDX) generated -$210.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Celldex Therapeutics Inc's total assets?
Celldex Therapeutics Inc (CLDX) had $583.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Celldex Therapeutics Inc's capital expenditures?
Celldex Therapeutics Inc (CLDX) invested $2.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Celldex Therapeutics Inc spend on research and development?
Celldex Therapeutics Inc (CLDX) invested $245.1M in research and development during fiscal year 2025.
What is Celldex Therapeutics Inc's current ratio?
Celldex Therapeutics Inc (CLDX) had a current ratio of 10.49 as of fiscal year 2025, which is generally considered healthy.
What is Celldex Therapeutics Inc's debt-to-equity ratio?
Celldex Therapeutics Inc (CLDX) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Celldex Therapeutics Inc's return on assets (ROA)?
Celldex Therapeutics Inc (CLDX) had a return on assets of -44.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Celldex Therapeutics Inc's cash runway?
Based on fiscal year 2025 data, Celldex Therapeutics Inc (CLDX) had $28.9M in cash against an annual operating cash burn of $210.9M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Celldex Therapeutics Inc's Altman Z-Score?
Celldex Therapeutics Inc (CLDX) has an Altman Z-Score of 25.10, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Celldex Therapeutics Inc's Piotroski F-Score?
Celldex Therapeutics Inc (CLDX) has a Piotroski F-Score of 1 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Celldex Therapeutics Inc's earnings high quality?
Celldex Therapeutics Inc (CLDX) has an earnings quality ratio of 0.82x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Celldex Therapeutics Inc?
Celldex Therapeutics Inc (CLDX) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.