On this page of Benford's Law Stocks.com we present our study of CANDEL THERAPEUTICS INC. — ticker symbol CADL. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 9/8/2021 to 8/13/2026 for CANDEL THERAPEUTICS INC. under CIK number 0001841387. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for CADL, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for CANDEL THERAPEUTICS INC. based on the past CADL filings our system processed in the past.
27.2
19.1
11.4
13.8
9.1
5.8
6.4
3.1
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, CADL stockholder letter ]
Total numbers found: 669
Recent share count: 73,270,239 (7's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
669
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 7 numbers to move any given column by a full percentage point.
78

Starting from a possible score of 100, we made the following score deductions:
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the company's typical historical range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 7, we canceled the penalty multiplier.
 • We deducted point upon observing the 8's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 8's percentage was below the company's typical historical range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
Benford's Law Stocks Indicator
CADL
Normal score compared to other filers, falling within the middle 50%.
Check our work! We provide our CANDEL THERAPEUTICS INC. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the CADL filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 182 numbers that start with the digit 1. Here they are:
119,731
1,658
121,389
1,642
1,475
1,661
125,195
1,129
12,685
1,087
1,008
1,225
1,459
15,598
10,000,000
150,000,000
126,130
125,195
19,801
11,007
13,389
11,177
19,307
11,177
19,307
1,672
1,860
1,575
12,278
12,159
122,608
18,348,624
183
122,608
126,130
122,608
138,029
122,608
126,130
122,608
192,205
1,947
1,947
10
14,299
14,331
122,608
189,622
122,608
184,826
1
1,149
1,149
1,380,872
14
14
14,299
14,331
122,608
189,622
11
1,364
186
151
1,068
1,771
11
18
1,513
1,243
17,507
15,044
117,797
15,574
1,967
120,147
102,920
100,953
13
18,348,624
100
15,598
15,598
15,598
15,598
15,598
1,506
181
159
1,642
1,040
1
1
130.0
1.0
1.0
1.5
13.91
1.0
15.83
1.1
1.4
15,197
1
1
1
1,973
1,686
19,072,993
16,909,516
15.0
18,348,624
100
162,740
1.46
12.47
10
12.47
13.20
10
13.20
13.94
10
13.94
14.68
10
14.68
17.3
13.6
162,740
1.46
162,740
1.6
10,756,784
1,438,688
1,000,000
13,695
1.82
15,322
1.46
122,608
117.24
120.71
118.46
121.09
1.7
1,816
1,042
1,890
1,066
1,050
1,364
1.0
1.0
1
1
100
1
1.33
1
126,924
16,848,305
13,642,776
13,083
17,917
127
1,002
19,801
11,007
1,945
1,198
1,436
1,344
13,389
11,177
19,307
11,177
19,307
1,672
1,860
1,575
12,278
We found 128 numbers that start with the digit 2. Here they are:
201,565
2,593
204,158
2,002
208,149
20,233
282,207
278,153
230,387
208,149
29,641
26,746
26,746
22
2,994
236
20,572
21,890
2,583
282,207
230,387
2,838,894
28
24,089
24,117
278,153
239,248
21,518
2,010
2,010
2,838,894
28
24,089
24,117
278,153
258,511
211,141
2
2,583
2,583
279,731
259,456
244
245
279,731
2,583
20,572
218
275
24,250
201,981
2,441
2.6
278.2
2,838,894
24.2
20,233
20,233
20,233
20,233
20,233
2,159
298
228
227
2,002
2
2
2,810
2,681
2,665
25.0
20.0
2.50
24
2
20.0
2.0
2.1
2.1
24,175
22,019
2,125
2
2
2
2
287
295,482
2,224,688
2,900,246
200.0
20.9
2,838,894
24.2
254,642
20,000,000
2.1
254,642
2.9
2.0
254,642
2,652,270
295,482
2,420
298
2,858
22.3
2.5
25
250
2,583
2,253,771
295,482
2,957
25
244
29,641
2,689
2,405
26,746
26,746
22
2,994
236
20,572
2,583
280,245
We found 76 numbers that start with the digit 3. Here they are:
3,139
38,905
32,455
3,589
3,589
376,992
31
31
38,905
38,905
330,779
3
3
3,328,064
33
33
3,221,395
32
3,221,395
32
320
346
35,219
34
34
300.0
300
3,008
3,008
3,872
3,558
3
3,384
3
30.0
30.0
3.0
3.0
3.1
3,806
3
39,000
3
3
312
304
306
3,221,395
3,923,829
300.0
3,672,484
3,672,484
3,672,484
3,672,484
3.0
32,455
3.43
33,003
3,986,155
306,518
3.62
3.83
3
300,000
39.0
38,905
3,051
377
366
3,661
3,247
3,238
343
3,743
3,139
38,905
4's 5's 6's
We found 92 numbers that start with the digit 4. Here they are:
416
416
461
445
45
46,744
46,122
448
448
403,970
4,186
43,030
43,030
44
4,635
4,736
4,796
47,766
448
47,766
47,766
448
403,970
448
448
403,970
46,933,088
469
448
490
492
448
49,369,749
493
448
4,646
4,655
4,796
4,796
448
47,766
487
4,310
4,635
4,082
44
492
444
47.8
4
4,635
466
464
4.50
4.25
46,744
4
4
426
4.67
4.21
4.80
48,325
4,804,318
4.30
4.52
4.95
4,518
4.95
4.95
424
4,310
4
4.0
40,000
4.67
4.67
4,796
47,766
4,296
490
487
490
475
462
4,186
43,030
43,030
44
4,635
4,796
47,766
We found 61 numbers that start with the digit 5. Here they are:
5,154
55,020,911
54,898,303
550
51,922
542
5,691
52
51,489,929
50,988,887
52
51,489,929
53,369,582
55,020,911
550
51,922
59
59
583
583
5,028
5,038
55,012,239
549
50
50
55,012,239
549
59
5,038
5,000
50.0
5.45
5,874
5,200
5
5.75
5
550
50.0
550
50,000
5.45
50.0
5.89
5.89
5.46
5.0
50,000
51,489,929
50,988,887
52
51,489,929
53,369,582
52
5,829
5,109
51
5,055
542
5,691
We found 39 numbers that start with the digit 6. Here they are:
6,981
6,991
6,945
6,381
68,279,075
68,279,075
6.5
66,327
69
622
638
68
617,345
6.3
6,981
67.5
67.5
6,258
613
628
6,246,920
617,345
6.3
6.81
6.81
6.81
6.81
6,246,920
6.17
6.46
6
626
6.67
68,279,075
68,279,075
6,135,068
6,991
653
6,945
7's 8's 9's
We found 43 numbers that start with the digit 7. Here they are:
76,518,565
7,334
73,273
76,240,884
76,118,276
761
70
74,131,229
70
74,131,229
721
721
76,240,884
761
73,380,472
733
76,240,884
761
75
75
7
74,675
7
79
76
744
744
7,334
75
7.66
7.02
7,762,350
7,762,350
75.0
786,000
76,262
74,131,229
70
74,131,229
70
7,762,350
7,507,708
724
We found 21 numbers that start with the digit 8. Here they are:
87
89
89
8,997
89
82,019
8,300
848
848
82
81,834
805
877
80,000
8,790,473
8
8,790,473
8
8,790,473
868
8,300
We found 27 numbers that start with the digit 9. Here they are:
98
926
93,305
93,488
987,772
90,210
92,785
99
99
947,438
9
90,210
93,488
93.5
9
93.5
9.75
93.5
90,000
93.5
918,121
918,121
918,121
918,121
9,947
926
926
While the above CADL 10Q Filed 8/13/2026 is interesting in isolation, we have found that it is also useful to take a look at older CANDEL THERAPEUTICS INC. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 8/13/2026 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical CADL 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

27.2
19.1
11.4
13.8
9.1
5.8
6.4
3.1
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL?   [ original filing ]
Total numbers found: 669

= Typical CADL range from 9/8/2021 to 8/13/2026
33.3
14.4
13.9
11.0
7.8
4.7
5.0
5.3
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL?   [ original filing ]
Total numbers found: 618

= Typical CADL range from 9/8/2021 to 8/13/2026
28.1
18.9
12.7
11.9
9.6
4.3
3.9
3.1
7.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 68
XBRL?   [ original filing ]
Total numbers found: 512

= Typical CADL range from 9/8/2021 to 8/13/2026
30.1
18.4
8.3
8.6
6.2
4.2
9.1
6.5
8.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 22
XBRL?   [ original filing ]
Total numbers found: 385

= Typical CADL range from 9/8/2021 to 8/13/2026
32.9
14.9
9.5
11.1
6.7
6.0
6.7
6.9
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL?   [ original filing ]
Total numbers found: 504

= Typical CADL range from 9/8/2021 to 8/13/2026
26.2
20.2
9.7
11.8
6.5
6.0
6.4
7.5
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 66
XBRL?   [ original filing ]
Total numbers found: 535

= Typical CADL range from 9/8/2021 to 8/13/2026
31.8
18.4
9.7
11.7
4.4
8.3
7.0
5.5
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 75
XBRL?   [ original filing ]
Total numbers found: 472

= Typical CADL range from 9/8/2021 to 8/13/2026
32.3
15.0
11.3
10.5
6.7
6.3
7.7
5.3
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 505

= Typical CADL range from 9/8/2021 to 8/13/2026
32.1
16.5
12.4
10.5
9.3
5.1
5.2
2.6
6.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 611

= Typical CADL range from 9/8/2021 to 8/13/2026
35.0
17.8
10.9
12.3
3.8
3.0
7.1
4.5
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 65
XBRL?   [ original filing ]
Total numbers found: 494

= Typical CADL range from 9/8/2021 to 8/13/2026
31.1
19.0
9.6
11.6
7.7
4.6
6.1
4.6
5.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL?   [ original filing ]
Total numbers found: 457

= Typical CADL range from 9/8/2021 to 8/13/2026
30.5
15.0
7.1
9.1
7.6
6.6
8.1
10.2
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 28
XBRL?   [ original filing ]
Total numbers found: 394

= Typical CADL range from 9/8/2021 to 8/13/2026
26.6
18.8
10.2
13.2
7.4
7.4
5.8
7.0
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL?   [ original filing ]
Total numbers found: 500

= Typical CADL range from 9/8/2021 to 8/13/2026
26.8
21.3
9.1
10.8
6.1
7.9
6.7
6.5
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 492

= Typical CADL range from 9/8/2021 to 8/13/2026
28.6
16.5
14.3
9.6
11.4
5.9
4.7
4.5
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL?   [ original filing ]
Total numbers found: 595

= Typical CADL range from 9/8/2021 to 8/13/2026
29.1
17.0
11.0
11.9
5.9
5.5
6.8
6.2
6.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 80
XBRL?   [ original filing ]
Total numbers found: 454

= Typical CADL range from 9/8/2021 to 8/13/2026
34.0
15.4
12.1
9.3
5.9
5.1
6.7
3.8
7.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 69
XBRL?   [ original filing ]
Total numbers found: 494

= Typical CADL range from 9/8/2021 to 8/13/2026
30.9
19.2
7.8
11.8
6.2
5.4
6.4
7.2
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL?   [ original filing ]
Total numbers found: 499

= Typical CADL range from 9/8/2021 to 8/13/2026
30.0
19.1
8.4
10.3
7.0
7.2
6.8
7.6
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 68
XBRL?   [ original filing ]
Total numbers found: 486

= Typical CADL range from 9/8/2021 to 8/13/2026
25.6
16.6
10.6
12.3
7.9
4.9
6.5
9.0
6.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 49
XBRL?   [ original filing ]
Total numbers found: 367

= Typical CADL range from 9/8/2021 to 8/13/2026
30.9
21.2
9.5
13.0
4.8
9.2
4.6
3.4
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 63
XBRL?   [ original filing ]
Total numbers found: 476

= Typical CADL range from 9/8/2021 to 8/13/2026
 

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