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Cellectis S.A.

ALCLS.PA
27
Biotechnology · Healthcare
Price
€2.87
-0.09 (-3.04%)
Market Cap
€207.6M
Exchange
Euronext Paris
Winston Score
27
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Share count rising — dilution

+123.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 44.8M (2021) → 100.3M (2025)

Winston Score History

The full picture

Cellectis is a French biotechnology company that works on gene editing to create cancer treatments. Its main focus is building "off-the-shelf" CAR-T cell therapies — engineered immune cells designed to find and kill cancer cells in patients. Unlike most CAR-T treatments, which are made from a patient's own cells, Cellectis uses donor cells that can be manufactured in advance and stored, potentially making treatment faster and cheaper.

Cellectis earns revenue through research collaborations, licensing its gene-editing technology to partners, and government or institutional grants — it does not yet sell an approved commercial product. The company is headquartered in Paris, with operations in New York, and has a market cap of roughly $200 million, reflecting its early-stage status. Its core competitive asset is its proprietary TALEN gene-editing platform, but the biggest risk the company faces is burning through cash before any of its experimental therapies successfully complete clinical trials and reach regulatory approval.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-68.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+8.3% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

$97M/ year

Rising (+8% vs prior year)

128.2% of revenue

7.1x the sector average (18%)

Investing heavily in future products and technology

Insider Activity

25.3%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 years

$168M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$168M cash & investments at current burn rate

Heavy R&D investment

Cellectis S.A. is putting 128% of revenue into R&D and that number is rising. That's 7.1x the sector average. With 3+ years of cash runway, they have time to let it pay off.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
55.0%
Healthy — 55.0% gross margin
Profit after running costs
Operating Margin
-449.8%
Losing money on operations — -449.8%
Return on the money invested
ROCE
-64.2%
Weak — -64.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+0.5%
Nearly flat sales (+0.5% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-77.5%
Burning cash (-77.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
1.31
Elevated debt (1.31)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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