Celldex Therapeutics, Inc. (CLDX) FY2025 10-K Annual Report

Filed: Feb 25, 2026
Health Care
In Vitro & In Vivo Diagnostic SubstancesSEC EDGAR

Celldex Therapeutics, Inc. (CLDX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 25, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Celldex Therapeutics, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: Development of therapeutic antibodies targeting mast cell biology for severe inflammatory and autoimmune diseases
  • New emphasis on bispecific antibody platform, highlighted by CDX-622 targeting TSLP and SCF with Phase 1 studies initiated in 2024-2026
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Management Discussion & Analysis

  • No revenue or YoY change disclosed; focus on clinical R&D for barzolvolimab and CDX-622
  • R&D expenses $245.1M in 2025 vs $163.6M in 2024 and $118.0M in 2023, driven by barzolvolimab program ($198.3M in 2025)
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Risk Factors

  • FDA regulatory delays from recent 43-day government shutdown Oct-Nov 2025 impacting review timelines
  • Global supply chain disruptions threatening clinical trial material supplies and contract manufacturing capacity
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Celldex Therapeutics, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$2M

-78.0% YoY

Net Income

-$259M

-63.9% YoY

Operating Margin

-18599.8%

-1582092bp YoY

Net Margin

-16748.0%

-1449927bp YoY

ROE

-49.1%

-2795bp YoY

Total Assets

$583M

-26.4% YoY

EPS (Diluted)

$-3.90

-59.2% YoY

Operating Cash Flow

-$211M

-33.7% YoY

Source: XBRL data from Celldex Therapeutics, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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