CLLSNasdaqBiological Products, (No Diagnostic Substances)US GAAP · USD

Cellectis S.A.

Cellectis S.A. is a clinical-stage biotechnology company focused on gene-editing technologies for cell and gene therapies. It develops allogeneic CAR T-cell cancer therapies and gene-therapy programs through a platform that combines research, engineering, and in-house manufacturing, with operations centered in Paris and additional sites in New York and Raleigh.

Revenue72.9m USD
+75.8 %y/y
Operating profit (EBIT)-59.9m USD
−104.4 %y/y
EBIT margin-82.1%
−11.5 ppy/y
Net income-67.6m USD
−83.9 %y/y
Free cash flow-42.9m USD
−324.2 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

-150-100-50050100m USD2022: 19 m USD2022: EBIT -95 m USD20222023: 0.76 m USD2023: EBIT -111 m USD20232024: 42 m USD2024: EBIT -29 m USD20242025: 73 m USD2025: EBIT -60 m USD202573-60
RevenueOperating profit (EBIT)

Business

Share of revenue
Allogeneic CAR T therapies45 %

Off-the-shelf gene-edited CAR T-cell candidates designed for oncology treatment.

Gene therapy platform25 %

Gene-editing programs and platform work applied to non-oncology therapeutic indications.

Research and development services15 %

Internal discovery, engineering, and translational development supporting pipeline creation.

Manufacturing and process development15 %

In-house cell and gene therapy manufacturing capabilities supporting clinical programs.

Customers

Cellectis primarily serves patients through its drug-development pipeline rather than selling commercial products to end markets. Its direct counterparties are typically biopharma partners, research collaborators, clinical investigators, and regulators involved in advancing cell and gene therapy programs. In practice, value creation depends on successful clinical development, manufacturing execution, and eventual partnering or commercialization.

Oncology treatment programs

Patients and treatment centers involved in CAR T-cell trials for cancer indications.

Biopharma partners

Companies that license, co-develop, or collaborate on gene-edited therapy assets.

Research and clinical collaborators

Academic and clinical organizations supporting preclinical and trial development.

Regulatory stakeholders

Agencies and ethics bodies that approve or monitor clinical and manufacturing activity.

Strategy

Cellectis’ strategy centers on using gene editing to build off-the-shelf CAR T-cell therapies and a broader therapeutic platform. A key strategic differentiator is its end-to-end control of development and manufacturing, which can support product quality, process control, and translational speed across the value chain.

Advance clinical-stage CAR T assetsShort term

Clinical proof-of-concept is central to pipeline value in cell therapy.

Expand gene-therapy applicationsMedium term

Diversifies the platform beyond oncology and broadens commercial optionality.

Maintain manufacturing controlMedium term

Process consistency and supply reliability are critical in complex cell therapies.

Geography

Cellectis is headquartered in Paris, France, with operating locations in New York and Raleigh, North Carolina. The business is inherently international because research, clinical development, manufacturing, and investor access span Europe and the United States, and the company is listed in both the U.S. and France.

Risks

Cellectis faces the binary development risk typical of clinical-stage biotechnology companies, where trial outcomes, safety signals, and regulatory decisions can determine program value. It also has meaningful legal and intellectual-property exposure, along with manufacturing complexity and dependence on successful scale-up of advanced therapies.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Clinical development failure1Intellectual property disputes2Manufacturing and scale-up risk3Regulatory and approval risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Clinical development failureImpact: CriticalLikelihood: High

    Pipeline value depends on demonstrating safety and efficacy in human trials.

    Exposure: CAR T and gene therapy programs

  2. Intellectual property disputesImpact: HighLikelihood: Medium

    The business relies on licensed and proprietary gene-editing rights.

    Exposure: Patent licenses and therapeutic editing platforms

  3. Manufacturing and scale-up riskImpact: HighLikelihood: Medium

    Cell therapies require tightly controlled production and release processes.

    Exposure: In-house manufacturing and clinical supply

  4. Regulatory and approval riskImpact: HighLikelihood: Medium

    Advanced therapies require extensive review before and during trials.

    Exposure: Clinical and manufacturing approvals

Accounting

Judgemental items
Research and development expenses

Most pipeline costs are expensed as incurred, shaping reported losses and period comparability.

Impact: High ongoing operating expense sensitivity

Share-based compensation

Non-cash equity awards are material enough that management presents an adjusted metric excluding them.

Impact: Affects adjusted versus IFRS earnings comparison

License and patent contingencies

Disputes or termination claims can create legal exposure and accounting judgments.

Impact: Possible contingent liabilities or disclosure obligations

IFRS 18 presentation changes

New statement classification and management-defined performance measures may affect comparability.

Impact: Potential changes in presentation and subtotal disclosure

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026