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Calidi Biotherapeutics Inc

calidibio.com

What Do They Do?

Develops engineered viruses that deliver genetic medicines to tumors for people with cancer.

How Do They Make Money?

FY2022 revenue

Do Revenues Turn Into Profits?

No. It lost $25.4M in FY2022.

Operating income, FY2022
−51396% of revenue
▲ +1521% (Loss) vs FY2021 (−$1.4M)
Net income, FY2022
−56504% of revenue
▼ Now a loss vs FY2021 ($3.4M)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Net income
▼ −27% (Loss)
vs −$5.7M in Q2 FY2025

From merger search to drug development Changed from a shell company formed to find a business combination into a biotechnology company developing engineered viruses that deliver genetic medicines to tumors.

Who Do They Compete With?

Competes with AstraZeneca, Bristol-Myers Squibb, Gilead Sciences, Merck &, Novartis, Pfizer, Genentech, Oncorus, Replimune Group, Amgen, ImmVira, IconOVir Bio, Candel Therapeutics, CG Oncology, Genelux, Imugene, Viromissile, Oncolytics Biotech, and FerGene

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