Feed / CLDX

Celldex Therapeutics, Inc.

CLDX

Healthcare · 36.89 -3.1% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Celldex Therapeutics, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.

Company-3.1% todayVolume comparison unavailable
Market group0 of 37 activeBiotechnology · unavailable
Disclosed network0 of 7 confirmingNo filing-linked name is confirming now
What would change this read
  • Reported $18.0M increase in product development expenses tied to barzolvolimab, which contributed to a $24.9M increase in net loss for the quarter.

Invalidation: The isolated read changes if CLDX's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Biotechnology

No new filing conclusion is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Reported $18.0M increase in product development expenses tied to barzolvolimab, which contributed to a $24.9M increase in net loss for the quarter.

Company research

Understand the business, not just the ticker

As of Sep 13, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements93
Verified relationships7
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Latest annual revenue changed -78.0% year over year.
  • Operating margin changed -15820.9 percentage points in the latest annual period.
  • Net margin changed -14499.3 percentage points in the latest annual period.
  • Diluted shares increased 3.1% in the latest annual period.
  • Product pipeline and R&D has repeated adverse evidence across 5 filings.
Questions before a position
  • EV/sales is 10628% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

36.89
6m+23.5%12m+47.8%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$4.7M-37.3%$-1.64+44.6%
2022-12-31$2.4M-49.3%$-2.40+9.4%
2023-12-31$6.9M+192.0%$-2.92
2024-12-31$7.0M+2.0%$-2.45+32.9%
2025-12-31$1.5M-78.0%$-3.90+3.1%

What management says matters

Persistent and emerging business drivers

Product pipeline and R&Dnegative · 5 filings
The increase in net cash used in operating activities was primarily due to an increase in research and development expenses related to barzolvolimab, partially offset by an increase in accounts payable during the six months ended June 30, 2026.
10-Q · Aug 6, 2026
Legal and regulatory exposuremixed · 1 filings
Benefit expense for the 401(k) Plan was $ 0.6 million, $ 0.5 million and $ 0.5 million for the years ended December 31, 2025, 2024 and 2023, respectively.
10-K · Feb 25, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1586.0× · EV/sales 1567.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

36.89-3.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for CLDX. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for CLDX. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind CLDX

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

ABBVAbbVie Inc.competitorFeb 25, 2026

The following table is a summary of the competitors of which we are aware that have initiated a Phase 3 study or have obtained marketing approval for a potentially competitive drug to barzolvolimab for treatment of CSU, CIndU, PN and AD.

INCYIncyte CorporationcompetitorFeb 25, 2026

The following table is a summary of the competitors of which we are aware that have initiated a Phase 3 study or have obtained marketing approval for a potentially competitive drug to barzolvolimab for treatment of CSU, CIndU, PN and AD.

LLYEli Lilly and CompanycompetitorFeb 25, 2026

The following table is a summary of the competitors of which we are aware that have initiated a Phase 3 study or have obtained marketing approval for a potentially competitive drug to barzolvolimab for treatment of CSU, CIndU, PN and AD.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

CLDX is currently a Follower in the organic co-movement group Biotechnology. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for CLDX; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.