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Side-by-side financial comparison of Cellectis S.A. (CLLS) and LENZ Therapeutics, Inc. (LENZ). Click either name above to swap in a different company.

LENZ Therapeutics, Inc. is the larger business by last-quarter revenue ($12.5M vs $9.5M, roughly 1.3× Cellectis S.A.). LENZ Therapeutics, Inc. runs the higher net margin — -133.6% vs -265.9%, a 132.3% gap on every dollar of revenue. Cellectis S.A. produced more free cash flow last quarter ($27.6M vs $-9.0M).

Cellectis is a French biopharmaceutical company. It develops genome-edited chimeric antigen receptor T-cell technologies for cancer immunotherapy. It has offices in Paris, New York City, and Raleigh, North Carolina.

LENZ Therapeutics, Inc. is a clinical-stage biopharmaceutical firm dedicated to developing novel ophthalmic therapies. Its lead product candidates address presbyopia, the age-related loss of near vision, catering to global patient groups with unmet medical needs in the eye care sector.

CLLS vs LENZ — Head-to-Head

Bigger by revenue
LENZ
LENZ
1.3× larger
LENZ
$12.5M
$9.5M
CLLS
Higher net margin
LENZ
LENZ
132.3% more per $
LENZ
-133.6%
-265.9%
CLLS
More free cash flow
CLLS
CLLS
$36.6M more FCF
CLLS
$27.6M
$-9.0M
LENZ

Income Statement — Q2 FY2024 vs Q3 FY2025

Metric
CLLS
CLLS
LENZ
LENZ
Revenue
$9.5M
$12.5M
Net Profit
$-25.3M
$-16.7M
Gross Margin
Operating Margin
-181.1%
-151.1%
Net Margin
-265.9%
-133.6%
Revenue YoY
375.0%
Net Profit YoY
-51.9%
-63.5%
EPS (diluted)
$-0.28
$-0.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CLLS
CLLS
LENZ
LENZ
Q3 25
$12.5M
Q2 25
$5.0M
Q3 24
$0
Q2 24
$9.5M
$0
Q3 23
$1.6M
Q2 23
$2.0M
Q2 22
$2.7M
Net Profit
CLLS
CLLS
LENZ
LENZ
Q3 25
$-16.7M
Q2 25
$-14.9M
Q3 24
$-10.2M
Q2 24
$-25.3M
$-10.3M
Q3 23
$-17.5M
Q2 23
$-16.6M
Q2 22
$-19.5M
Gross Margin
CLLS
CLLS
LENZ
LENZ
Q3 25
Q2 25
Q3 24
Q2 24
Q3 23
Q2 23
97.3%
Q2 22
87.9%
Operating Margin
CLLS
CLLS
LENZ
LENZ
Q3 25
-151.1%
Q2 25
-337.1%
Q3 24
Q2 24
-181.1%
Q3 23
-1258.1%
Q2 23
-1180.5%
Q2 22
-1003.0%
Net Margin
CLLS
CLLS
LENZ
LENZ
Q3 25
-133.6%
Q2 25
-298.2%
Q3 24
Q2 24
-265.9%
Q3 23
-1064.1%
Q2 23
-831.6%
Q2 22
-714.4%
EPS (diluted)
CLLS
CLLS
LENZ
LENZ
Q3 25
$-0.59
Q2 25
$-0.53
Q3 24
$-0.38
Q2 24
$-0.28
$-0.40
Q3 23
$-0.31
Q2 23
$-0.20
Q2 22
$-0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLLS
CLLS
LENZ
LENZ
Cash + ST InvestmentsLiquidity on hand
$149.0M
$25.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$148.6M
$193.9M
Total Assets
$407.1M
$210.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLLS
CLLS
LENZ
LENZ
Q3 25
$25.4M
Q2 25
$37.6M
Q3 24
$41.0M
Q2 24
$149.0M
$84.0M
Q3 23
Q2 23
$84.4M
Q2 22
$129.4M
Stockholders' Equity
CLLS
CLLS
LENZ
LENZ
Q3 25
$193.9M
Q2 25
$206.4M
Q3 24
$215.3M
Q2 24
$148.6M
$192.9M
Q3 23
$76.1M
Q2 23
$96.6M
Q2 22
$180.5M
Total Assets
CLLS
CLLS
LENZ
LENZ
Q3 25
$210.7M
Q2 25
$217.3M
Q3 24
$224.0M
Q2 24
$407.1M
$202.6M
Q3 23
$209.7M
Q2 23
$227.7M
Q2 22
$320.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLLS
CLLS
LENZ
LENZ
Operating Cash FlowLast quarter
$28.9M
$-8.6M
Free Cash FlowOCF − Capex
$27.6M
$-9.0M
FCF MarginFCF / Revenue
290.5%
-72.2%
Capex IntensityCapex / Revenue
13.2%
3.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-47.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLLS
CLLS
LENZ
LENZ
Q3 25
$-8.6M
Q2 25
$-11.5M
Q3 24
$-10.6M
Q2 24
$28.9M
$-15.8M
Q3 23
Q2 23
$-47.4M
Q2 22
$-60.2M
Free Cash Flow
CLLS
CLLS
LENZ
LENZ
Q3 25
$-9.0M
Q2 25
$-11.7M
Q3 24
$-10.8M
Q2 24
$27.6M
$-15.9M
Q3 23
Q2 23
$-47.9M
Q2 22
$-61.7M
FCF Margin
CLLS
CLLS
LENZ
LENZ
Q3 25
-72.2%
Q2 25
-235.0%
Q3 24
Q2 24
290.5%
Q3 23
Q2 23
-2391.4%
Q2 22
-2266.7%
Capex Intensity
CLLS
CLLS
LENZ
LENZ
Q3 25
3.5%
Q2 25
4.8%
Q3 24
Q2 24
13.2%
Q3 23
Q2 23
24.1%
Q2 22
56.6%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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