7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 
      
    		                            
      cash flows from operating activities:
    		                            
      net income
    		-41,400,000 -50,943,000 -59,733,000 -59,939,000 -66,293,000 -66,358,000 -65,000,000 -89,257,000 -61,315,000 -77,989,000 -98,704,000 -94,847,000 -83,148,000 -74,787,000 -79,850,000 -74,868,000 -78,186,000 -70,936,000 -33,015,000 -68,570,000 -66,197,000 -60,974,000 -54,480,000 -61,030,000 -50,735,000 -41,243,000 -31,586,000 -30,509,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                            
      stock-based compensation
    		8,652,000 8,685,000 12,175,000 12,873,000 13,387,000 13,559,000 11,924,000 15,233,000 15,354,000 16,594,000 18,770,000 17,246,000 21,148,000 22,891,000 22,315,000 22,036,000 20,856,000 21,134,000 16,792,000 16,453,000 17,823,000 16,770,000 14,215,000 13,874,000 12,835,000 11,487,000 7,867,000 5,871,000 
      depreciation and amortization
    		3,097,000 3,106,000 3,099,000 3,233,000 3,207,000 3,644,000 3,555,000 3,477,000 3,572,000 3,643,000 3,507,000 3,068,000 3,860,000 3,675,000 3,692,000 4,242,000 2,330,000 1,964,000 1,918,000 1,844,000 1,810,000 1,888,000 1,893,000 1,704,000 1,177,000 999,000 544,000 397,000 
      net amortization/accretion on investment securities
    		-923,000 -1,171,000 -1,306,000   -2,201,000 -2,797,000 -3,299,000 -2,944,000 -1,074,000 508,000 156,000 495,000 908,000 1,332,000 1,594,000 1,615,000 1,835,000 1,911,000 1,813,000 1,417,000 227,000 -207,000 -460,000 -851,000 -1,062,000 -1,223,000 -1,161,000 
      impairment of long-lived assets
    		0    10,728,000                        
      non-cash rent expense
    		1,031,000 1,147,000 1,130,000 1,116,000 4,299,000 -96,000 -55,000 138,000 147,000 150,000 207,000 240,000 553,000 1,174,000 466,000 -11,000 228,000 387,000 2,007,000 2,715,000 180,000 342,000 718,000 1,950,000 3,279,000 273,000 1,275,000 1,168,000 
      non-cash collaboration revenue - related party
    		   0 0 0 -14,000                      
      share of income from equity method investments
    		     -375,000 929,000                      
      changes in operating assets and liabilities:
    		                            
      deposit placed in escrow
    		12,000 -1,843,000 -868,000 1,547,000 -891,000                        
      prepaid expenses and other current assets
    		1,010,000 1,865,000 -623,000 1,802,000 -341,000 -1,867,000 -86,000 -2,469,000 2,190,000 102,000 1,263,000 5,328,000 5,704,000 -1,842,000 -6,673,000 5,352,000 -4,908,000 2,015,000 740,000 -3,834,000 -3,459,000 1,564,000 2,552,000 -5,531,000 607,000 1,371,000 -1,892,000 -5,466,000 
      other long-term assets
    		315,000 -1,928,000 425,000 688,000 1,469,000 677,000 1,445,000 -1,034,000 -366,000 -100,000 45,000 -123,000 -408,000 311,000 -3,114,000 345,000 -331,000 139,000 -799,000 -1,941,000 -483,000 2,515,000 -57,000 -1,511,000 -870,000 -1,805,000 -188,000 1,224,000 
      accounts payable
    		-1,072,000 -422,000 -336,000 34,000 -7,227,000 6,808,000 -118,000 -302,000 -3,967,000 -4,290,000 1,057,000 2,938,000 1,013,000 1,422,000 -505,000 -2,044,000 189,000 -3,064,000 4,152,000 -1,066,000 2,184,000 541,000 -1,044,000 2,152,000 -4,469,000 1,680,000 -348,000 5,717,000 
      accrued and other current liabilities
    		1,086,000 1,735,000 -5,223,000 2,880,000 2,528,000 -980,000 -5,690,000 286,000 -12,716,000 -76,000 5,686,000 3,137,000 1,946,000 5,714,000 -9,048,000 -2,768,000 8,890,000 1,844,000 -4,314,000 2,551,000 9,346,000 10,742,000 -3,913,000 -1,159,000 7,617,000 3,988,000 -4,095,000 -557,000 
      operating lease liabilities
    		-1,855,000 -1,926,000 -1,833,000 -1,776,000                         
      other long-term liabilities
    		359,000 283,000 164,000 95,000 115,000 41,000 8,000 -528,000 -37,000 13,000 -59,000 -464,000 -521,000 -936,000 -635,000 -1,050,000 -530,000 2,914,000 -292,000 290,000 -370,000 -487,000 -701,000 -434,000 -709,000 -571,000 -711,000  
      net cash from operating activities
    		-29,688,000 -39,030,000 -52,929,000 -36,698,000 -44,115,000 -63,588,000 -55,899,000 -53,707,000 -55,530,000 -61,857,000 -66,639,000 -62,096,000 -47,655,000 -42,531,000 -68,237,000 -45,436,000 -48,878,000 -41,170,000 -49,328,000 -9,975,000 -37,588,000 -26,721,000 -40,809,000   -24,892,000 -30,256,000 -21,481,000 
      capex
    		-243,000 -44,000 -99,000 -257,000 -429,000 0 -8,000 -181,000 -12,000 -288,000 -1,035,000 -1,692,000 -223,000 -1,374,000 -1,902,000 -736,000 -3,347,000 -10,902,000 -6,461,000 -17,404,000 -20,247,000 -16,054,000 -12,253,000   -7,856,000 -10,423,000 -1,321,000 
      free cash flows
    		-29,931,000 -39,074,000 -53,028,000 -36,955,000 -44,544,000 -63,588,000 -55,907,000 -53,888,000 -55,542,000 -62,145,000 -67,674,000 -63,788,000 -47,878,000 -43,905,000 -70,139,000 -46,172,000 -52,225,000 -52,072,000 -55,789,000 -27,379,000 -57,835,000 -42,775,000 -53,062,000   -32,748,000 -40,679,000 -22,802,000 
      cash flows from investing activities:
    		                            
      purchases of property and equipment
    		-243,000 -44,000 -99,000 -257,000 -429,000 0 -8,000 -181,000 -12,000 -288,000 -1,035,000 -1,692,000 -223,000 -1,374,000 -1,902,000 -736,000 -3,347,000 -10,902,000 -6,461,000 -17,404,000 -20,247,000 -16,054,000 -12,253,000 -14,112,000 -18,400,000 -7,856,000 -10,423,000 -1,321,000 
      proceeds from sales of investments
    		   0    0 0 0 5,623,000         -78,000 0        
      proceeds from maturities of investments
    		61,912,000 53,800,000 56,500,000 102,165,000 109,801,000 117,221,000 103,272,000 136,344,000 165,158,000 152,868,000 143,441,000 99,080,000 74,582,000 117,117,000 68,680,000 82,540,000 161,772,000 215,833,000 268,249,000 221,850,000 150,144,000 101,372,000 120,261,000 116,813,000 158,350,000    
      purchase of investments
    		-49,734,000 -9,921,000 -50,225,000 -46,974,000 -190,762,000 -42,608,000 -81,131,000 -68,702,000 -199,413,000 -135,420,000 -35,094,000 -47,791,000 -49,454,000 -61,709,000 -89,155,000 -50,782,000 -145,422,000 -180,327,000 -149,052,000 -182,158,000 -213,252,000 -519,166,000 -123,015,000 -89,697,000 -61,175,000 -49,359,000 -52,397,000 -333,908,000 
      net cash from investing activities
    		11,935,000 43,835,000 6,176,000 54,934,000 -75,992,000 74,613,000 22,133,000 67,461,000 -34,267,000 17,160,000 112,935,000 49,597,000 24,905,000 54,034,000 -22,377,000 29,250,000 13,013,000 24,594,000 96,798,000 22,210,000 -83,355,000 -428,971,000 -15,007,000 7,929,000 78,775,000 44,492,000 32,888,000 -313,388,000 
      cash flows from financing activities:
    		                            
      proceeds from issuance of common stock from atm offering, net of commissions and issuance costs
    		2,979,000 1,514,000 10,002,000 5,743,000 0   0 3,194,000            0        
      proceeds from issuance of common stock from registered offering, net of commissions and issuance costs
    		    0                        
      proceeds from cirm award
    		0 3,558,000 3,350,000 0 0                        
      proceeds from issuance of common stock upon exercise of stock options
    		    0 19,000 794,000  326,000    135,000 25,000 283,000  750,000 3,214,000 4,060,000  2,414,000        
      proceeds from issuance of common stock under the employee stock purchase plan
    		257,000 0 638,000 0 679,000 0 856,000 0 765,000 0 1,731,000 0 931,000 -1,000 1,531,000 0 1,633,000 0 1,984,000 -1,000 1,406,000 0 1,438,000      
      net cash from financing activities
    		3,236,000 5,072,000 13,990,000 5,743,000 679,000 108,603,000 1,650,000 155,000 4,285,000 89,524,000 1,731,000 46,000 1,066,000 24,000 1,814,000 322,000 2,383,000 3,214,000 6,044,000 12,978,000 3,852,000 600,175,000 16,586,000 56,474,000 1,566,000 236,000 684,000 344,522,000 
      net change in cash and cash equivalents and restricted cash
    		-14,517,000 9,877,000 -32,763,000  -119,428,000 119,628,000 -32,116,000  -85,512,000 44,827,000 48,027,000                  
      cash and cash equivalents and restricted cash — beginning of period
    		0 0 85,510,000  0 0 93,447,000  0 0 72,196,000                  
      cash and cash equivalents and restricted cash — end of period
    		-14,517,000 9,877,000 52,747,000  -119,428,000 119,628,000 61,331,000  -85,512,000 44,827,000 120,223,000                  
      non-cash operating activities:
    		                            
      right-of-use asset obtained in exchange for lease liability
    		   0 0 0 2,409,000     0 0               7,693,000 
      property and equipment purchases in accounts payable and accrued liabilities
    		-108,000                     4,090,000 4,208,000      
      non-cash deferred revenue and other long-term liabilities
    		0 0 3,079,000    3,079,000                      
      supplemental disclosure:
    		                            
      cash paid for amounts included in the measurement of lease liabilities
    		-3,167,000 -3,291,000 -3,227,000 -3,197,000 -3,135,000 -3,105,000 -3,068,000 -3,036,000 -3,024,000 -3,024,000 -2,965,000 -2,935,000 -2,622,000 -2,003,000 -1,980,000 -1,955,000 -1,626,000 -1,466,000 -966,000 -10,480,000 1,420,000 1,420,000 1,396,000 -5,745,000 1,026,000 765,000 391,000  
      impairment of long-lived asset
    		                            
      impairment of equity investment and equity method investment
    		                            
      income tax expense
    		                            
      proceeds from issuance of common stock from public offering, net of commissions and issuance costs
    		                    32,000        
      proceeds from issuance of common stock and upon exercise of stock options
    		                      303,000 2,255,000 467,000   -5,000 
      net increase in cash, cash equivalents and restricted cash
    		                       14,136,000 48,406,000 19,836,000 3,316,000 9,653,000 
      cash, cash equivalents and restricted cash — beginning of period
    		           0 0 0 183,606,000 0 0 0 192,800,000 0 0 0 179,425,000 0 0 0 93,731,000  
      cash, cash equivalents and restricted cash — end of period
    		           -12,453,000 -21,684,000 11,527,000 94,806,000 -15,864,000 -33,482,000 -13,362,000 246,314,000 25,213,000 -117,091,000 144,483,000 140,195,000 14,136,000 48,406,000 19,836,000 97,047,000 9,653,000 
      non-cash operating, investing and financing activities:
    		                            
      property and equipment purchases in accounts payable and accrued and other current liabilities
    		             -683,000 725,000 613,000 -594,000 -6,593,000 8,299,000 658,000         
      amortization/accretion on investment securities
    		                            
      impairment of equity method investment
    		                            
      share of gain/income from equity method investments
    		                            
      non-cash deferred revenue included in other long-term liabilities
    		    0                        
      deferred revenue
    		       646,000 7,000 -44,000 -612,000 -4,000 53,000 430,000 -17,000 58,000 60,000 66,000 -38,753,000          
      purchase of stock in equity method investment
    		               -1,772,000 0 0 -15,938,000          
      capitalized cloud computing costs included in accounts payable and accrued and other current liabilities
    		             209,000 111,000    277,000          
      cash received for amounts related to tenant improvement allowances from lessors
    		                            
      share of income from, and impairment of, equity method investment
    		                            
      non-cash investing activities:
    		                            
      cash received for amounts related to tenant improvement allowances
    		            0 0 325,000  0 0 1,111,000  704,000 1,085,000 532,000      
      share of income from equity method investment
    		         1,214,000 1,693,000  1,650,000 -1,491,000 3,800,000              
      amortization of other intangible assets acquired
    		                   0 0 0 151,000 151,000 151,000 150,000 151,000 150,000 
      share of losses from equity method investments
    		               1,678,000 909,000 532,000 325,000 778,000 161,000 151,000 64,000      
      net change in cash, cash equivalents and restricted cash
    		            -21,684,000 11,527,000 -88,800,000  -33,482,000 -13,362,000 53,514,000  -117,091,000 144,483,000 -39,230,000      
      income tax benefit
    		                            
      deferred offering costs included in accounts payable and accrued and other current liabilities
    		                           -1,032,000 
      proceeds (loss) from sales of investments
    		                            
      acquired in-process research and development
    		                           0 
      change in fair value of convertible notes payable
    		                           1,796,000 
      debt issuance costs on convertible notes payable
    		                           0 
      other
    		                            
      cash paid for acquisition of assets
    		                           0 
      proceeds from issuance of convertible preferred stock, net of issuance costs
    		                           -1,000 
      proceeds from issuance of convertible notes, net of issuance costs
    		                           0 
      proceeds from early exercise of stock options
    		                            
      proceeds from issuance of common stock, net of commissions and issuance costs
    		                      14,845,000      
      common stock issued on conversion of convertible preferred stock
    		                            
      common stock issued on conversion of convertible notes payable
    		                            
      series a-1 convertible preferred stock issued in asset acquisition
    		                           0 
      pp&e and other assets acquired in asset acquisition
    		                            
      benefit from income taxes
    		                            
      adjustments to reconcile net income to net cash (used in) operating activities:
    		                            
      acquired in process-research and development
    		                            
      deferred income taxes
    		                        33,000 -159,000 -50,000  
      net cash (used in) operating activities
    		                            
      payments of deferred offering costs
    		                            
      proceeds from employee stock purchase plan
    		                        1,099,000 0 684,000  
      non-cash investing and financing activities:
    		                            
      property and equipment purchase in accounts payable and accrued liabilities
    		                        -7,096,000 8,533,000 5,134,000  
      subscriptions receivable from preferred shareholders
    		                            
      vesting of early exercised options
    		                            
      proceeds from sales or maturities of investments
    		                          95,708,000  
      proceeds from issuance of common stock, net of issuance costs
    		                            
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.