SELECTA BIOSCIENCES, INC.

EDGAR

Annual consolidated revenue for 2025: about USD 2.797M, using the latest reported figures. The previous period, 2024, was about USD 38.91M.

Watchlist

Latest quarter

Revenue

0 USD

2026 Q2 · USD

Exact inputs and evidence

Operating cash flow

-21.1 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -43217000 USD Source
  • Operating Cash Flow: -22135000 USD Source

Free cash flow

-21.4 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -43217000 USD Source
  • Operating Cash Flow: -22135000 USD Source
  • Capital Expenditure: 299000 USD Source
  • Capital Expenditure: 27000 USD Source
Cash and cash equivalents
148 million USD Source
Exact value

147606000 USD

Long-term debt including current maturities
Not available
Shares outstanding
30 million shares Source
Exact value

30037962 shares

Reported share-count change

15.53% · 4.04 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 26000065 shares · 2025-06-30· Source
  • 30037962 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

1.48 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 452000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 2797000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 1850000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 78000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 0 USD · 2026-04-01 – 2026-06-30 Source

Net income

-152 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: -35902000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: -130302000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -37726000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: -39182000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 15769000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

-76.5 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: -56229000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -40629000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -73941000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -56229000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -22135000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -43217000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -22135000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

2.08 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 4962000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 3670000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 5454000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 4962000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 27000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 299000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 27000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

-78.6 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: -56229000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -40629000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -73941000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -56229000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -22135000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -43217000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -22135000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 4962000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 3670000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 5454000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 4962000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 27000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 299000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 27000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-06.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -92.8%

    Prior period

    USD 38.91 million

    –

    Current period

    USD 2.8 million

    –

    Exact inputs and evidence

    2797000 − 38913000 = -36116000 USD

    38913000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2797000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    −USD 52.88 million

    Prior period

    −USD 77.42 million

    –

    Current period

    −USD 130.3 million

    –

    Exact inputs and evidence

    -130302000 − -77424000 = -52878000 USD

    -77424000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -130302000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    −USD 50.27 million

    Prior period

    −USD 23.67 million

    –

    Current period

    −USD 73.94 million

    –

    Exact inputs and evidence

    -73941000 − -23674000 = -50267000 USD

    -23674000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -73941000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -40%

    Prior period

    USD 9.09 million

    –

    Current period

    USD 5.45 million

    –

    Exact inputs and evidence

    5454000 − 9093000 = -3639000 USD

    9093000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    5454000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 2.8 million 100% of revenue
  • Operating costs Derived USD 146.2 million 5,227% of revenue
  • Operating income −USD 143.41 million −5,127% of revenue
  • Tax, interest and other Derived −USD 13.1 million −468% of revenue
  • Net income −USD 130.3 million −4,659% of revenue

Cash

  • Operating cash flow −USD 73.94 million −2,644% of revenue
  • Capital expenditure USD 5.45 million 195% of revenue
  • Free cash flow Derived −USD 79.4 million −2,839% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Operating loss: operating costs were 529% of revenue.
  • 2017 Operating loss: operating costs were 30,914% of revenue.
  • 2018 Operating loss: operating costs were 7,301% of revenue.
  • 2019 Operating loss: operating costs were 886% of revenue.
  • 2020 Operating loss: operating costs were 442% of revenue.
  • 2021 Operating loss: operating costs were 105% of revenue.
  • 2022 Net income was higher than operating income, so the split is not drawn.
  • 2023 Operating loss: operating costs were 432% of revenue.
  • 2024 Operating loss: operating costs were 213% of revenue.
  • 2025 Operating loss: operating costs were 5,227% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-318083000 42753000 Derived -34670000 1540000 Derived -36210000 -20343000 Derived
Source
2017 2017-01-01 – 2017-12-31207000 63991000 Derived -63784000 1537000 Derived -65321000 -52759000 Derived
Source
2018 2018-01-01 – 2018-12-31903000 65925000 Derived -65022000 314000 Derived -65336000 -60045000 Derived
Source
2019 2019-01-01 – 2019-12-316677000 59132000 Derived -52455000 2895000 Derived -55350000 -51482000 Derived
Source
2020 2020-01-01 – 2020-12-3116597000 73418000 Derived -56821000 12055000 Derived -68876000 34066000 Derived
Source
2021 2021-01-01 – 2021-12-3185077000 89674000 Derived -4597000 21090000 Derived -25687000 -61467000 Derived
Source
2022 2022-01-01 – 2022-12-31110777000 96239000 Derived 14538000 -20841000 Derived 35379000 -32832000 Derived
Source
2023 2023-01-01 – 2023-12-3126004000 112420000 Derived -86416000 133294000 Derived -219710000 -51367000 Derived
Source
2024 2024-01-01 – 2024-12-3138913000 82810000 Derived -43897000 33527000 Derived -77424000 -32767000 Derived
Source
2025 2025-01-01 – 2025-12-312797000 146202000 Derived -143405000 -13103000 Derived -130302000 -79395000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 2.8M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.119.6M89.7M59.8M29.9M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue8083000
2017Revenue207000
2018Revenue903000
2019Revenue6677000
2020Revenue16597000
2021Revenue85077000
2022Revenue110777000
2023Revenue26004000
2024Revenue38913000
2025Revenue2797000

Revenue growth

Change in revenue from the same financial period one year earlier.

-92.8% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.698%485%271%57%-156%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year34.5%
2017Year over year-97.4%
2018Year over year336.2%
2019Year over year639.4%
2020Year over year148.6%
2021Year over year412.6%
2022Year over year30.2%
2023Year over year-76.5%
2024Year over year49.6%
2025Year over year-92.8%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -5,127.1% 2025
Net margin -4,658.6% 2025
Free cash flow margin -2,838.6% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2,746%-6,465%-15,675%-24,886%-34,097%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin-428.9%
2017Operating margin-30,813.5%
2018Operating margin-7,200.7%
2019Operating margin-785.6%
2020Operating margin-342.4%
2021Operating margin-5.4%
2022Operating margin13.1%
2023Operating margin-332.3%
2024Operating margin-112.8%
2025Operating margin-5,127.1%
2016Net margin-448%
2017Net margin-31,556%
2018Net margin-7,235.4%
2019Net margin-829%
2020Net margin-415%
2021Net margin-30.2%
2022Net margin31.9%
2023Net margin-844.9%
2024Net margin-199%
2025Net margin-4,658.6%
2016Free cash flow margin-251.7%
2017Free cash flow margin-25,487.4%
2018Free cash flow margin-6,649.5%
2019Free cash flow margin-771%
2020Free cash flow margin205.3%
2021Free cash flow margin-72.2%
2022Free cash flow margin-29.6%
2023Free cash flow margin-197.5%
2024Free cash flow margin-84.2%
2025Free cash flow margin-2,838.6%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -73.9M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.43.6M12.0M-19.5M-51.1M-82.6M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow-19757000
2017Operating cash flow-52026000
2018Operating cash flow-59161000
2019Operating cash flow-51435000
2020Operating cash flow34881000
2021Operating cash flow-60382000
2022Operating cash flow-31631000
2023Operating cash flow-51161000
2024Operating cash flow-23674000
2025Operating cash flow-73941000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -79.4M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.43.1M10.2M-22.7M-55.6M-88.5M201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow-20343000
2017Free cash flow-52759000
2018Free cash flow-60045000
2019Free cash flow-51482000
2020Free cash flow34066000
2021Free cash flow-61467000
2022Free cash flow-32832000
2023Free cash flow-51367000
2024Free cash flow-32767000
2025Free cash flow-79395000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

142.6% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.157%118%79%39%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets38.5%
2017Liabilities / assets48.7%
2018Liabilities / assets112.2%
2019Liabilities / assets91.6%
2020Liabilities / assets110.9%
2021Liabilities / assets85.9%
2022Liabilities / assets43.4%
2023Liabilities / assets145.8%
2024Liabilities / assets101.6%
2025Liabilities / assets142.6%

Current assets to current liabilities

Current assets divided by current liabilities.

8.65× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.18×7.64×5.09×2.55×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities6.33×
2017Current assets / current liabilities8.99×
2018Current assets / current liabilities1.2×
2019Current assets / current liabilities2.77×
2020Current assets / current liabilities1.86×
2021Current assets / current liabilities2×
2022Current assets / current liabilities5.91×
2023Current assets / current liabilities1.33×
2024Current assets / current liabilities9.43×
2025Current assets / current liabilities8.65×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
−USD 36.21 million
Exact value

Exact value: -36210000 USD

2016-01-01 – 2016-12-31: -36210000 USD Inspect Net Income Open source
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−USD 19.76 million
Exact value

Exact value: -19757000 USD

2016-01-01 – 2016-12-31: -19757000 USD Inspect Operating Cash Flow Open source
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USD 586,000
Exact value

Exact value: 586000 USD

2016-01-01 – 2016-12-31: 586000 USD Inspect Capital Expenditure Open source
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−USD 20.34 million
Calculation and evidence

-19757000 − 586000 USD

Exact free cash flow: -20343000 USD

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2017 2017-01-01 – 2017-12-31
−USD 65.32 million
Exact value

Exact value: -65321000 USD

2017-01-01 – 2017-12-31: -65321000 USD Inspect Net Income Open source
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−USD 52.03 million
Exact value

Exact value: -52026000 USD

2017-01-01 – 2017-12-31: -52026000 USD Inspect Operating Cash Flow Open source
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USD 733,000
Exact value

Exact value: 733000 USD

2017-01-01 – 2017-12-31: 733000 USD Inspect Capital Expenditure Open source
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−USD 52.76 million
Calculation and evidence

-52026000 − 733000 USD

Exact free cash flow: -52759000 USD

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2018 2018-01-01 – 2018-12-31
−USD 65.34 million
Exact value

Exact value: -65336000 USD

2018-01-01 – 2018-12-31: -65336000 USD Inspect Net Income Open source
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−USD 59.16 million
Exact value

Exact value: -59161000 USD

2018-01-01 – 2018-12-31: -59161000 USD Inspect Operating Cash Flow Open source
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USD 884,000
Exact value

Exact value: 884000 USD

2018-01-01 – 2018-12-31: 884000 USD Inspect Capital Expenditure Open source
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−USD 60.05 million
Calculation and evidence

-59161000 − 884000 USD

Exact free cash flow: -60045000 USD

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2019 2019-01-01 – 2019-12-31
−USD 55.35 million
Exact value

Exact value: -55350000 USD

2019-01-01 – 2019-12-31: -55350000 USD Inspect Net Income Open source
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−USD 51.44 million
Exact value

Exact value: -51435000 USD

2019-01-01 – 2019-12-31: -51435000 USD Inspect Operating Cash Flow Open source
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USD 47,000
Exact value

Exact value: 47000 USD

2019-01-01 – 2019-12-31: 47000 USD Inspect Capital Expenditure Open source
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−USD 51.48 million
Calculation and evidence

-51435000 − 47000 USD

Exact free cash flow: -51482000 USD

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2020 2020-01-01 – 2020-12-31
−USD 68.88 million
Exact value

Exact value: -68876000 USD

2020-01-01 – 2020-12-31: -68876000 USD Inspect Net Income Open source
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USD 34.88 million
Exact value

Exact value: 34881000 USD

2020-01-01 – 2020-12-31: 34881000 USD Inspect Operating Cash Flow Open source
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USD 815,000
Exact value

Exact value: 815000 USD

2020-01-01 – 2020-12-31: 815000 USD Inspect Capital Expenditure Open source
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USD 34.07 million
Calculation and evidence

34881000 − 815000 USD

Exact free cash flow: 34066000 USD

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2021 2021-01-01 – 2021-12-31
−USD 25.69 million
Exact value

Exact value: -25687000 USD

2021-01-01 – 2021-12-31: -25687000 USD Inspect Net Income Open source
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−USD 60.38 million
Exact value

Exact value: -60382000 USD

2021-01-01 – 2021-12-31: -60382000 USD Inspect Operating Cash Flow Open source
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USD 1.09 million
Exact value

Exact value: 1085000 USD

2021-01-01 – 2021-12-31: 1085000 USD Inspect Capital Expenditure Open source
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−USD 61.47 million
Calculation and evidence

-60382000 − 1085000 USD

Exact free cash flow: -61467000 USD

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2022 2022-01-01 – 2022-12-31
USD 35.38 million
Exact value

Exact value: 35379000 USD

2022-01-01 – 2022-12-31: 35379000 USD Inspect Net Income Open source
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−USD 31.63 million
Exact value

Exact value: -31631000 USD

2022-01-01 – 2022-12-31: -31631000 USD Inspect Operating Cash Flow Open source
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USD 1.2 million
Exact value

Exact value: 1201000 USD

2022-01-01 – 2022-12-31: 1201000 USD Inspect Capital Expenditure Open source
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−USD 32.83 million
Calculation and evidence

-31631000 − 1201000 USD

Exact free cash flow: -32832000 USD

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2023 2023-01-01 – 2023-12-31
−USD 219.71 million
Exact value

Exact value: -219710000 USD

2023-01-01 – 2023-12-31: -219710000 USD Inspect Net Income Open source
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−USD 51.16 million
Exact value

Exact value: -51161000 USD

2023-01-01 – 2023-12-31: -51161000 USD Inspect Operating Cash Flow Open source
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USD 206,000
Exact value

Exact value: 206000 USD

2023-01-01 – 2023-12-31: 206000 USD Inspect Capital Expenditure Open source
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−USD 51.37 million
Calculation and evidence

-51161000 − 206000 USD

Exact free cash flow: -51367000 USD

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2024 2024-01-01 – 2024-12-31
−USD 77.42 million
Exact value

Exact value: -77424000 USD

2024-01-01 – 2024-12-31: -77424000 USD Inspect Net Income Open source
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−USD 23.67 million
Exact value

Exact value: -23674000 USD

2024-01-01 – 2024-12-31: -23674000 USD Inspect Operating Cash Flow Open source
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USD 9.09 million
Exact value

Exact value: 9093000 USD

2024-01-01 – 2024-12-31: 9093000 USD Inspect Capital Expenditure Open source
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−USD 32.77 million
Calculation and evidence

-23674000 − 9093000 USD

Exact free cash flow: -32767000 USD

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2025 2025-01-01 – 2025-12-31
−USD 130.3 million
Exact value

Exact value: -130302000 USD

2025-01-01 – 2025-12-31: -130302000 USD Inspect Net Income Open source
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−USD 73.94 million
Exact value

Exact value: -73941000 USD

2025-01-01 – 2025-12-31: -73941000 USD Inspect Operating Cash Flow Open source
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USD 5.45 million
Exact value

Exact value: 5454000 USD

2025-01-01 – 2025-12-31: 5454000 USD Inspect Capital Expenditure Open source
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−USD 79.4 million
Calculation and evidence

-73941000 − 5454000 USD

Exact free cash flow: -79395000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

83 filings · 3,377 latest values · 3,342 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001453687, 1453687, RNAC, SELB, edgar:1453687

Also known as CARTESIAN THERAPEUTICS, INC., Cartesian Therapeutics, Inc., SELECTA BIOSCIENCES INC, SELECTA BIOSCIENCES, INC., Selecta Biosciences, Inc, Selecta Biosciences, Inc.