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Companies / Healthcare / Cabaletta Bio, Inc.
CABA

Cabaletta Bio, Inc.

HealthcareBiological Products
Ticker CABAPHILADELPHIA, PAFiscal year ends DecemberBook value per share $1.60Diluted shares 131.7M

Cabaletta Bio, Inc. (NASDAQ: CABA) is a late clinical-stage biotechnology company focused on the discovery and development of innovative engineered T cell therapies designed to provide deep and durable responses for patients with autoimmune diseases. The company's website is www.cabalettabio.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%
$-167.86M
−44.9% year over year
Last 12 mo $-181.32M
-149.80%
−73.7 percentage points
Last 12 mo -86.10%
Cash & financing
$-131.08M
−48.6% year over year
Last 12 mo $-153.93M
$-132.31M
−46.3% year over year
Last 12 mo $-154.21M
0.21
Was 0.06× a year earlier
Last 12 mo 0.09
79.9M
+61.4% year over year
Last 12 mo 131.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Cabaletta Bio, Inc. does

In the company’s own words

Cabaletta Bio, Inc. (NASDAQ: CABA) is a late clinical-stage biotechnology company focused on the discovery and development of innovative engineered T cell therapies designed to provide deep and durable responses for patients with autoimmune diseases. The company's website is www.cabalettabio.com.

The company's proprietary CABA platform, which stands for Cabaletta Approach to B cell Ablation, focuses on the CARTA approach—Chimeric Antigen Receptor T cells for Autoimmunity—designed to potentially reset the immune system. Resecabtagene autoleucel, or rese-cel, is the company's lead product candidate, a fully human CD19-CAR T construct engineered to achieve transient and deep depletion of all B cells following a single infusion. The construct is designed to eliminate disease-causing B cells while allowing healthy transitional and naive B cells to repopulate, thereby restoring normal immune function.

Cabaletta is advancing five Phase 1/2 clinical trials under the RESET program evaluating rese-cel across multiple autoimmune indications including systemic lupus erythematosus, myositis, systemic sclerosis, generalized myasthenia gravis, and pemphigus vulgaris. In December 2025, the company initiated a registrational trial for patients with dermatomyositis and anti-synthetase syndrome. The company has received FDA Fast Track Designation for rese-cel in multiple indications and Regenerative Medicine Advanced Therapy designation for myositis and lupus nephritis.

The company's manufacturing strategy utilizes multiple contract development and manufacturing organizations including Oxford Biomedica, Minaris Advanced Therapies, Lonza Houston, and Cellares Corporation. In January 2026, the company announced IND clearance for rese-cel manufactured using Cellares' automated Cell Shuttle platform, which offers potential scalability to produce rese-cel for thousands of patients annually with minimal capital investment.

Cabaletta was founded in 2017 by scientific co-founders from the University of Pennsylvania who combined expertise in B cell-mediated autoimmune diseases with deep knowledge of CAR T therapy development. The company is a clinical-stage organization with limited operating history that has incurred significant losses since inception and anticipates continued losses for the foreseeable future. The company identified conditions raising substantial doubt about its ability to continue as a going concern without securing additional funding beyond its current cash position.

Company details
Sector
Healthcare
Industry
Biological Products
Headquarters
PHILADELPHIA, PA
Fiscal year end
December
CIK
1759138
SIC
2836

Financial performance, year by year

Fiscal 2019–2025 · USD
$-197.76M$-148.44M$-99.13M$-49.82M$-0.51M2019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Cabaletta Bio, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

114
funds hold it
0 of 35
superinvestors hold it
$141.25M
held by funds, at market
26.0%
of shares held by funds

Largest fund holders · Cabaletta Bio, Inc.’s weight in each

T. Rowe Price Small-Cap Value Fund, Inc.
PRSVX · T. ROWE PRICE SMALL-CAP VALUE FUND, INC.
0.23%of fund net assets
PGIM Jennison Health Sciences Fund
PHLAX · Prudential Sector Funds, Inc.
1.35%of fund net assets
0.15%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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