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Arcellx, Inc.

arcellx.com

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2025 10-K, filed Feb 26, 2026. Its latest SEC filing is a SCHEDULE 13G/A from Aug 14, 2026.

The sections below describe the company as of the FY2025 annual report.

What Did They Do?

Develops engineered immune-cell treatments for people with cancer and autoimmune diseases, including multiple myeloma and leukemia.

How Did They Make Money?

Kite pays Arcellx upfront and may pay clinical, regulatory, and commercial milestones; for development work, Arcellx earns revenue as third-party costs are incurred against budget. Commercialized products can also bring shared U.S. profits or royalties.

FY2025 revenue

Did Revenues Turn Into Profits?

No. It lost $228.9M in FY2025.

Operating income, FY2025
−1136% of revenue
▲ +84% (Loss) vs FY2024 (−$137.6M, −127%)
Net income, FY2025
−1027% of revenue
▲ +113% (Loss) vs FY2024 (−$107.3M, −99%)
Free cash flow, FY2025
−954% of revenue
▲ +119% (Loss) vs FY2024 (−$96.9M, −90%)

How Were They Changing?

Since the FY2025 annual report
  • Apr 28, 2026 The tender offer and merger closed Arcellx became a wholly owned subsidiary after the merger.

Autoimmune development The older report described autoimmune disease as a potential area; the latest report says Arcellx began a clinical trial of anito-cel for generalized myasthenia gravis.

Who Did They Compete With?

Competes with AbbVie, Allogene, Amgen, AstraZeneca, Autolus, Bristol Myers Squibb, Cabaletta, Caribou Biosciences, CARsgen, Cartesian, Cellectis, Cellular Biomedicine Group, Celyad, Crispr, Gilead, GSK, Immix, Innovent, Johnson & Johnson, and Kelonia

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