Allogene Therapeutics, Inc(NASDAQ:ALLO)

Allogene Therapeutics, Inc., a clinical stage immuno-oncology company, develops and commercializes genetically engineered allogeneic T cell therapies for the treatment of cancer. It develops, manufactures, and commercializes UCART19, an allogeneic chimeric antigen receptor (CAR) T cell product candi...
Website: http://www.allogene.com
Founded: 2017
Full Time Employees: 264
Sector: Healthcare
Industry: Biotechnology
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 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 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
collaboration revenue - related party | 22,000 | -44,000 | 43,000 | 44,000 | 52,000 | 47,000 | 49,000 | 86,000 | 61,000 | 51,000 | 49,000 | 44,000 | 38,345,000 | |||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||
research and development | 28,632,000 | 31,164,000 | 40,156,000 | 50,200,000 | 44,972,000 | 44,713,000 | 50,355,000 | 52,259,000 | 54,661,000 | 45,977,000 | 62,038,000 | 80,238,000 | 75,419,000 | 63,641,000 | 57,171,000 | 60,156,000 | 53,983,000 | 58,720,000 | 52,290,000 | 55,183,000 | 52,228,000 | 51,421,000 | 47,296,000 | 42,042,000 | 49,363,000 | 39,995,000 | 31,774,000 | 23,403,000 | 18,504,000 | 10,870,000 |
general and administrative | 13,772,000 | 13,737,000 | 14,281,000 | 14,991,000 | 15,518,000 | 16,333,000 | 16,087,000 | 17,267,000 | 17,224,000 | 17,041,000 | 18,524,000 | 18,884,000 | 21,002,000 | 18,897,000 | 19,509,000 | 19,897,000 | 19,961,000 | 18,999,000 | 18,783,000 | 16,363,000 | 17,134,000 | 16,619,000 | 15,862,000 | 15,641,000 | 15,212,000 | 15,016,000 | 14,187,000 | 13,058,000 | 14,542,000 | 11,317,000 |
impairment of long-lived assets | 595,500 | 2,382,000 | 3,929,250 | 10,728,000 | 4,989,000 | |||||||||||||||||||||||||
total operating expenses | 42,404,000 | 44,901,000 | 56,819,000 | 65,191,000 | 60,490,000 | 71,774,000 | 71,431,000 | 69,526,000 | 85,130,000 | 63,018,000 | 80,562,000 | 99,122,000 | 96,421,000 | 82,538,000 | 76,680,000 | 80,053,000 | 73,944,000 | 77,719,000 | 71,073,000 | 71,546,000 | 69,362,000 | 68,040,000 | 63,158,000 | 57,683,000 | 64,575,000 | 55,011,000 | 45,961,000 | 36,461,000 | 33,046,000 | 22,187,000 |
income from operations | -42,404,000 | -44,901,000 | -56,819,000 | -65,191,000 | -60,490,000 | -71,774,000 | -71,431,000 | -69,504,000 | -85,174,000 | -62,975,000 | -80,518,000 | -99,070,000 | -96,374,000 | -82,489,000 | -76,594,000 | -79,992,000 | -73,893,000 | -77,670,000 | -71,029,000 | -33,201,000 | -69,362,000 | -68,040,000 | -63,158,000 | -57,683,000 | -64,575,000 | -55,011,000 | -45,961,000 | -36,461,000 | -33,046,000 | -22,187,000 |
yoy | -29.90% | -37.44% | -20.46% | -6.21% | -28.98% | 13.97% | -11.29% | -29.84% | -11.62% | -23.66% | 5.12% | 23.85% | 30.42% | 6.20% | 7.83% | 140.93% | 6.53% | 14.15% | 12.46% | -42.44% | 7.41% | 23.68% | 37.42% | 58.20% | 95.41% | 147.94% | ||||
qoq | -5.56% | -20.98% | -12.84% | 7.77% | -15.72% | 0.48% | 2.77% | -18.40% | 35.25% | -21.79% | -18.73% | 2.80% | 16.83% | 7.70% | -4.25% | 8.25% | -4.86% | 9.35% | 113.94% | -52.13% | 1.94% | 7.73% | 9.49% | -10.67% | 17.39% | 19.69% | 26.06% | 10.33% | 48.94% | |
other income, net: | ||||||||||||||||||||||||||||||
interest and other income | 3,660,000 | 3,926,000 | 6,187,000 | 5,516,000 | 3,027,000 | 6,705,000 | 4,988,000 | 5,433,000 | 6,265,000 | 6,205,000 | 3,778,000 | 2,059,000 | 2,757,000 | 1,002,000 | 315,000 | 492,000 | 186,000 | 393,000 | 624,000 | 511,000 | 1,558,000 | 2,005,000 | 2,340,000 | 3,261,000 | 3,658,000 | 4,309,000 | 4,559,000 | 4,825,000 | 4,216,000 | 1,463,000 |
interest expense | -313,000 | -344,000 | -268,000 | -150,000 | -81,000 | -100,000 | -3,358,000 | |||||||||||||||||||||||
other income (expenses) | -8,000 | -81,000 | -43,000 | 92,000 | ||||||||||||||||||||||||||
total other income | 3,594,000 | 3,501,000 | 5,876,000 | 5,458,000 | 994,000 | 5,481,000 | 5,073,000 | 4,504,000 | -4,083,000 | 1,660,000 | 2,529,000 | 366,000 | 1,527,000 | -659,000 | 1,807,000 | 142,000 | -975,000 | -516,000 | 93,000 | 186,000 | 792,000 | 1,843,000 | 2,184,000 | 3,203,000 | 2,420,000 | -21,310,000 | ||||
net income | -38,810,000 | -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 | -43,497,000 |
yoy | -35.25% | -37.55% | -23.23% | -8.10% | -32.85% | 8.12% | -14.91% | -34.15% | -5.89% | -26.26% | 4.28% | 23.61% | 26.69% | 6.35% | 5.43% | 141.86% | 9.18% | 18.11% | 16.34% | -39.40% | 12.35% | 30.48% | 47.84% | 72.48% | 100.04% | 16.64% | ||||
qoq | -6.26% | -18.73% | -14.72% | -0.34% | -9.58% | -0.10% | 2.09% | -27.18% | 45.57% | -21.38% | -20.99% | 4.07% | 14.07% | 11.18% | -6.34% | 6.65% | -4.24% | 10.22% | 114.86% | -51.85% | 3.58% | 8.57% | 11.92% | -10.73% | 20.29% | 23.01% | 30.57% | 3.53% | -29.86% | |
other comprehensive loss: | ||||||||||||||||||||||||||||||
net unrealized gain on available-for-sale investments | 34,000 | 280,000 | -88,000 | 132,000 | -246,000 | 937,000 | 147,000 | 28,000 | 1,456,000 | 1,440,000 | 2,083,000 | 3,992,000 | -233,000 | -369,000 | -48,000 | -877,000 | 220,000 | 465,000 | ||||||||||||
net comprehensive loss | -38,776,000 | -41,120,000 | -51,031,000 | -59,601,000 | -60,185,000 | -65,356,000 | -66,211,000 | -64,972,000 | -87,801,000 | -59,875,000 | -75,906,000 | -94,712,000 | -91,815,000 | -84,634,000 | -77,010,000 | -86,532,000 | -77,037,000 | -78,250,000 | -71,169,000 | -33,384,000 | -69,255,000 | -67,074,000 | -60,754,000 | -54,015,000 | -61,751,000 | -51,030,000 | -40,487,000 | -30,487,000 | -30,055,000 | -43,645,000 |
net income per share | -0.17 | -0.19 | -0.23 | -0.28 | -0.28 | -0.32 | -0.35 | -0.38 | -0.54 | -0.37 | -0.53 | -0.68 | -0.65 | -0.58 | -0.52 | -0.56 | -0.54 | -0.57 | -0.53 | -0.25 | -0.53 | -0.52 | -0.53 | -0.5 | -0.59 | -0.5 | -0.41 | -0.32 | 9.07 | -10.71 |
weighted-average number of shares used in computing net loss per share, basic and diluted | 220,622,669 | 222,038,680 | 218,929,548 | 215,358,619 | 194,811,756 | 209,188,551 | 190,026,638 | 169,128,362 | 156,931,778 | 167,649,010 | 146,795,826 | 144,563,829 | 143,147,165 | 143,661,721 | 143,385,045 | 141,356,306 | 135,820,386 | 137,025,698 | 134,826,805 | 132,165,014 | 120,370,177 | 127,140,755 | 115,377,210 | 108,963,522 | 101,061,149 | 102,186,644 | 99,846,946 | 97,315,890 | 28,948,386 | 4,060,419 |
other income and (expense) | -492,000 | -1,124,000 | ||||||||||||||||||||||||||||
other income and expense | 85,000 | |||||||||||||||||||||||||||||
other expenses | -929,000 | -10,348,000 | -4,545,000 | -1,693,000 | -1,230,000 | -1,661,000 | -350,000 | -1,161,000 | -909,000 | -531,000 | -325,000 | -766,000 | -162,000 | -156,000 | -58,000 | |||||||||||||||
other (expenses) income | -1,249,000 | |||||||||||||||||||||||||||||
net unrealized loss on available-for-sale investments | 3,032,000 | -1,486,000 | -2,223,000 | -6,682,000 | -166,500 | -64,000 | ||||||||||||||||||||||||
other income | 1,492,000 | |||||||||||||||||||||||||||||
other comprehensive income: | ||||||||||||||||||||||||||||||
income before income taxes | -68,570,000 | -66,197,000 | -60,974,000 | -54,480,000 | -61,185,000 | -50,702,000 | -41,402,000 | -31,636,000 | ||||||||||||||||||||||
benefit from income taxes | 155,000 | -33,000 | 159,000 | 50,000 | ||||||||||||||||||||||||||
change in fair value of convertible note payable | -1,796,000 | -19,415,000 | ||||||||||||||||||||||||||||
net unrealized gain on available-for-sale investments, net of tax | -721,000 | -295,000 | 756,000 | 1,099,000 | ||||||||||||||||||||||||||
net change in available-for-sale investments | -37,000 | -148,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 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 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||
cash and cash equivalents | 51,688,000 | 37,815,000 | 52,332,000 | 42,455,000 | 75,218,000 | 51,239,000 | 170,667,000 | 51,039,000 | 83,155,000 | 69,246,000 | 154,758,000 | 109,931,000 | 61,904,000 | 74,357,000 | 96,041,000 | 84,514,000 | 173,314,000 | 190,021,000 | 223,503,000 | 236,865,000 | 183,351,000 | 158,136,000 | 280,379,000 | 135,897,000 | 175,126,000 | 160,990,000 | 112,584,000 | 92,748,000 | 92,432,000 | 83,141,000 |
short-term investments | 198,522,000 | 214,379,000 | 220,788,000 | 237,588,000 | 217,258,000 | 240,325,000 | 273,961,000 | 333,821,000 | 365,542,000 | 396,259,000 | 337,204,000 | 361,293,000 | 455,416,000 | 477,872,000 | 394,451,000 | 364,536,000 | 283,988,000 | 293,464,000 | 364,204,000 | 462,716,000 | 644,559,000 | 682,886,000 | 619,271,000 | 357,026,000 | 355,407,000 | 340,254,000 | 389,840,000 | 373,392,000 | 366,952,000 | 161,080,000 |
prepaid expenses and other current assets | 7,539,000 | 8,525,000 | 9,535,000 | 11,533,000 | 10,910,000 | 12,851,000 | 12,496,000 | 10,504,000 | 10,418,000 | 7,949,000 | 10,139,000 | 10,241,000 | 11,504,000 | 16,832,000 | 22,536,000 | 20,694,000 | 14,021,000 | 19,373,000 | 14,464,000 | 16,480,000 | 17,220,000 | 13,036,000 | 9,927,000 | 11,491,000 | 14,043,000 | 8,513,000 | 9,118,000 | 10,487,000 | 8,598,000 | 3,132,000 |
total current assets | 257,749,000 | 260,719,000 | 282,655,000 | 291,576,000 | 303,386,000 | 304,415,000 | 457,124,000 | 395,364,000 | 459,115,000 | 473,454,000 | 502,101,000 | 481,465,000 | 528,824,000 | 569,061,000 | 513,028,000 | 469,744,000 | 471,323,000 | 502,858,000 | 602,171,000 | 716,061,000 | 845,130,000 | 854,058,000 | 909,577,000 | 504,414,000 | 544,576,000 | 509,757,000 | 511,542,000 | 476,627,000 | 467,982,000 | 247,353,000 |
long-term investments | 8,043,000 | 24,944,000 | 29,510,000 | 55,506,000 | 80,673,000 | 111,821,000 | 12,405,000 | 32,170,000 | 52,586,000 | 42,788,000 | 59,151,000 | 85,108,000 | 195,637,000 | 284,093,000 | 352,179,000 | 378,222,000 | 325,523,000 | 264,573,000 | 204,208,000 | 207,993,000 | 210,794,000 | 60,121,000 | 58,322,000 | 100,702,000 | 147,769,000 | 214,588,000 | 261,966,000 | 154,045,000 | ||
operating lease right-of-use asset | 39,888,000 | 40,935,000 | 41,966,000 | 44,075,000 | 45,205,000 | 46,313,000 | 58,385,000 | 64,483,000 | 63,703,000 | 78,643,000 | 80,314,000 | 81,964,000 | 83,592,000 | 85,245,000 | 86,837,000 | 57,057,000 | 58,030,000 | 38,764,000 | 39,474,000 | 40,189,000 | 41,295,000 | 41,557,000 | 42,432,000 | 43,836,000 | 44,495,000 | 31,437,000 | 31,880,000 | 32,394,000 | 33,015,000 | 24,996,000 |
property and equipment | 72,839,000 | 75,896,000 | 78,858,000 | 82,992,000 | 86,056,000 | 88,989,000 | 92,080,000 | 95,931,000 | 99,478,000 | 102,826,000 | 106,386,000 | 109,849,000 | 112,839,000 | 114,442,000 | 117,216,000 | 120,200,000 | 122,990,000 | 125,883,000 | 125,459,000 | 123,146,000 | 118,840,000 | 102,653,000 | 84,605,000 | 66,349,000 | 56,449,000 | 45,943,000 | 35,817,000 | 20,426,000 | 8,595,000 | 4,693,000 |
deposit placed in escrow | 23,479,000 | 23,472,000 | 23,484,000 | 21,641,000 | 20,773,000 | 22,320,000 | 21,429,000 | |||||||||||||||||||||||
restricted cash | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 10,292,000 | 9,449,000 | 9,449,000 | 9,449,000 | 9,449,000 | 9,449,000 | 4,299,000 | 4,299,000 | 4,299,000 | 4,299,000 | 4,299,000 | 4,299,000 | 1,299,000 | 937,000 |
other long-term assets | 3,615,000 | 3,513,000 | 3,828,000 | 1,900,000 | 2,325,000 | 4,970,000 | 6,439,000 | 5,159,000 | 6,604,000 | 9,576,000 | 9,382,000 | 9,389,000 | 9,564,000 | 9,378,000 | 8,938,000 | 9,042,000 | 5,815,000 | 6,160,000 | 5,829,000 | 6,275,000 | 5,169,000 | 2,274,000 | 2,160,000 | 4,675,000 | 4,618,000 | 3,105,000 | 2,238,000 | 432,000 | 244,000 | 2,307,000 |
total assets | 415,905,000 | 439,771,000 | 470,593,000 | 507,982,000 | 548,710,000 | 589,120,000 | 646,883,000 | 586,350,000 | 642,837,000 | 712,326,000 | 770,971,000 | 746,871,000 | 817,079,000 | 887,572,000 | 947,644,000 | 964,632,000 | 1,038,634,000 | 1,079,246,000 | 1,126,724,000 | 1,179,044,000 | 1,227,829,000 | 1,222,500,000 | 1,258,544,000 | 688,523,000 | 717,802,000 | 695,544,000 | 733,997,000 | 749,369,000 | 773,855,000 | 435,235,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||
accounts payable | 4,270,000 | 3,699,000 | 4,851,000 | 5,058,000 | 5,394,000 | 5,506,000 | 12,936,000 | 5,779,000 | 5,897,000 | 6,205,000 | 10,229,000 | 14,688,000 | 13,890,000 | 11,045,000 | 9,713,000 | 8,708,000 | 10,255,000 | 11,499,000 | 11,005,000 | 14,875,000 | 10,390,000 | 10,151,000 | 9,057,000 | 7,199,000 | 9,250,000 | 8,047,000 | 23,503,000 | 12,976,000 | 12,338,000 | 3,083,000 |
accrued and other current liabilities | 28,244,000 | 28,134,000 | 26,824,000 | 24,964,000 | 30,129,000 | 27,065,000 | 24,369,000 | 25,029,000 | 31,096,000 | 31,195,000 | 44,263,000 | 44,624,000 | 39,743,000 | 36,938,000 | 34,360,000 | 27,763,000 | 37,496,000 | 41,626,000 | 34,688,000 | 39,735,000 | 44,938,000 | 39,979,000 | 31,838,000 | 19,619,000 | 23,829,000 | 25,307,000 | 14,497,000 | 14,289,000 | 17,121,000 | 16,779,000 |
total current liabilities | 32,514,000 | 31,833,000 | 31,675,000 | 30,022,000 | 35,523,000 | 32,571,000 | 37,305,000 | 30,894,000 | 37,079,000 | 37,636,000 | 54,721,000 | 59,585,000 | 54,518,000 | 48,872,000 | 44,909,000 | 36,877,000 | 48,174,000 | 53,490,000 | 45,998,000 | 54,849,000 | 94,320,000 | 50,130,000 | 40,895,000 | 26,818,000 | 33,079,000 | 33,354,000 | 38,000,000 | 27,265,000 | 29,459,000 | 159,477,000 |
lease liability, noncurrent | 75,045,000 | 77,134,000 | 79,241,000 | 81,292,000 | 83,247,000 | 86,989,000 | 88,916,000 | 88,346,000 | 95,122,000 | 69,929,000 | 50,809,000 | 50,846,000 | 51,067,000 | 51,536,000 | 51,349,000 | 37,689,000 | 34,867,000 | 34,811,000 | 34,456,000 | 25,661,000 | ||||||||||
other long-term liabilities | 15,804,000 | 15,475,000 | 15,116,000 | 11,275,000 | 7,761,000 | 7,666,000 | 7,551,000 | 5,173,000 | 5,179,000 | 1,486,000 | 1,523,000 | 1,510,000 | 1,569,000 | 2,033,000 | 2,554,000 | 3,490,000 | 4,125,000 | 5,175,000 | 5,705,000 | 2,791,000 | 3,083,000 | 2,793,000 | 3,163,000 | 3,650,000 | 4,351,000 | 4,785,000 | 5,495,000 | 6,065,000 | 6,776,000 | 7,488,000 |
total liabilities | 123,363,000 | 124,442,000 | 126,032,000 | 122,589,000 | 126,531,000 | 125,372,000 | 131,845,000 | 124,983,000 | 130,604,000 | 129,224,000 | 148,065,000 | 154,609,000 | 151,209,000 | 147,611,000 | 145,695,000 | 109,402,000 | 122,228,000 | 109,304,000 | 102,912,000 | 109,265,000 | 148,212,000 | 103,769,000 | 95,125,000 | 82,004,000 | 88,779,000 | 75,828,000 | 78,362,000 | 68,141,000 | 70,691,000 | 192,626,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 authorized as of december 31, 2025 and december 31, 2024; no shares were issued and outstanding as of december 31, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||
common stock | 229,000 | 223,000 | 220,000 | 219,000 | 212,000 | 210,000 | 209,000 | 170,000 | 169,000 | 168,000 | 167,000 | 146,000 | 144,000 | 144,000 | 144,000 | 143,000 | 142,000 | 142,000 | 142,000 | 141,000 | 140,000 | 140,000 | 139,000 | 125,000 | 124,000 | 122,000 | 122,000 | 121,000 | 121,000 | 31,000 |
additional paid-in capital | 2,302,753,000 | 2,286,770,000 | 2,274,885,000 | 2,264,687,000 | 2,241,879,000 | 2,223,265,000 | 2,209,200,000 | 2,089,357,000 | 2,075,252,000 | 2,059,333,000 | 2,039,263,000 | 1,932,734,000 | 1,911,632,000 | 1,893,908,000 | 1,871,262,000 | 1,847,534,000 | 1,822,179,000 | 1,798,678,000 | 1,774,298,000 | 1,749,097,000 | 1,725,552,000 | 1,695,411,000 | 1,673,026,000 | 1,055,386,000 | 1,023,876,000 | 952,820,000 | 937,709,000 | 922,816,000 | 914,265,000 | 12,693,000 |
accumulated deficit | -2,010,709,000 | -1,971,899,000 | -1,930,499,000 | -1,879,556,000 | -1,819,823,000 | -1,759,884,000 | -1,693,591,000 | -1,627,233,000 | -1,562,233,000 | -1,473,988,000 | -1,412,673,000 | -1,334,684,000 | -1,235,980,000 | -1,141,133,000 | -1,057,985,000 | -983,198,000 | -903,348,000 | -828,480,000 | -750,294,000 | -679,358,000 | -646,343,000 | -577,773,000 | -511,576,000 | -450,602,000 | -396,122,000 | -335,092,000 | -284,357,000 | -243,114,000 | -211,528,000 | -181,019,000 |
accumulated other comprehensive gain | 269,000 | |||||||||||||||||||||||||||||
total stockholders’ equity | 292,542,000 | 315,329,000 | 344,561,000 | 385,393,000 | 422,179,000 | 463,748,000 | 515,038,000 | 461,367,000 | 512,233,000 | 583,102,000 | 622,906,000 | 592,262,000 | 665,870,000 | 739,961,000 | 801,949,000 | 855,230,000 | 916,406,000 | 969,942,000 | 1,023,812,000 | 1,069,779,000 | 1,079,617,000 | 1,118,731,000 | 1,163,419,000 | 606,519,000 | 629,023,000 | 619,716,000 | 655,635,000 | 681,228,000 | 703,164,000 | |
total liabilities and stockholders’ equity | 415,905,000 | 439,771,000 | 470,593,000 | 507,982,000 | 548,710,000 | 589,120,000 | 646,883,000 | 586,350,000 | 642,837,000 | 712,326,000 | 770,971,000 | 746,871,000 | 817,079,000 | 887,572,000 | 947,644,000 | 964,632,000 | 1,038,634,000 | 1,079,246,000 | 1,126,724,000 | 1,179,044,000 | 1,227,829,000 | 1,222,500,000 | 1,258,544,000 | 688,523,000 | 717,802,000 | 695,544,000 | 733,997,000 | 749,369,000 | ||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of september 30, 2025 and december 31, 2024; no shares were issued and outstanding as of september 30, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||
accumulated other comprehensive loss | 235,000 | -45,000 | -89,000 | -780,000 | -927,000 | -955,000 | -2,411,000 | -3,851,000 | -5,934,000 | -9,926,000 | -12,958,000 | -11,472,000 | -148,000 | |||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of june 30, 2025 and december 31, 2024; no shares were issued and outstanding as of june 30, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of march 31, 2025 and december 31, 2024; no shares were issued and outstanding as of march 31, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||
accumulated other comprehensive income | 43,000 | 157,000 | -2,567,000 | -398,000 | -334,000 | -101,000 | 268,000 | 953,000 | 1,830,000 | 1,610,000 | 1,145,000 | 1,866,000 | 2,161,000 | 1,405,000 | 306,000 | |||||||||||||||
equity method investments | 1,134,000 | 2,716,000 | 3,645,000 | |||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 authorized as of december 31, 2024 and december 31, 2023; no shares were issued and outstanding as of december 31, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||
operating lease liability, noncurrent | 85,135,000 | |||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of september 30, 2024 and december 31, 2023; no shares were issued and outstanding as of september 30, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of june 30, 2024 and december 31, 2023; no shares were issued and outstanding as of june 30, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||
deferred revenue | 86,000 | 86,000 | 236,000 | 229,000 | 273,000 | 885,000 | 889,000 | 836,000 | 406,000 | 423,000 | 365,000 | 305,000 | 239,000 | 38,992,000 | ||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of march 31, 2024 and december 31, 2023; no shares were issued and outstanding as of march 31, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 authorized as of december 31, 2023 and december 31, 2022; no shares were issued and outstanding as of december 31, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||
equity method investment | 5,365,000 | 9,910,000 | 11,124,000 | 12,817,000 | 14,046,000 | 15,696,000 | 14,204,000 | 18,005,000 | 17,910,000 | 18,819,000 | 19,351,000 | 3,738,000 | 4,516,000 | 4,677,000 | 4,829,000 | 4,892,000 | ||||||||||||||
lease liability, non-current | 90,102,000 | 91,821,000 | 93,514,000 | 96,706,000 | 98,232,000 | 69,035,000 | 50,639,000 | 51,209,000 | 51,625,000 | |||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of september 30, 2023 and december 31, 2022; no shares were issued and outstanding as of september 30, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of june 30, 2023 and december 31, 2022; no shares were issued and outstanding as of june 30, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of march 31, 2023 and december 31, 2022; no shares were issued and outstanding as of march 31, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 authorized as of december 31, 2022 and december 31, 2021; no shares were issued and outstanding as of december 31, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of september 30, 2022 and december 31, 2021; no shares were issued and outstanding as of september 30, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of june 30, 2022 and december 31, 2021; no shares were issued and outstanding as of june 30, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of march 31, 2022 and december 31, 2021; no shares were issued and outstanding as of march 31, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||
accumulated other comprehensive | -9,249,000 | |||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 authorized as of december 31, 2021 and december 31, 2020; no shares were issued and outstanding as of december 31, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of september 30, 2021 and december 31, 2020; no shares were issued and outstanding as of september 30, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of june 30, 2021 and december 31, 2020; no shares were issued and outstanding as of june 30, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of march 31, 2021 and december 31, 2020; no shares were issued and outstanding as of march 31, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||
intangible assets | 151,000 | 301,000 | 452,000 | 603,000 | 754,000 | 904,000 | ||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ equity | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 authorized as of december 31, 2020 and december 31, 2019; no shares were issued and outstanding as of december 31, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of september 30, 2020 and december 31, 2019; no shares were issued and outstanding as of september 30, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of june 30, 2020 and december 31, 2019; no shares were issued and outstanding as of june 30, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of march 31, 2020 and december 31, 2019; no shares were issued and outstanding as of march 31, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 authorized as of december 31, 2019 and december 31, 2018, respectively; no shares were issued and outstanding as of december 31, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of september 30, 2019 and december 31, 2018; no shares were issued and outstanding as of september 30, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of june 30, 2019 and december 31, 2018; no shares were issued and outstanding as of june 30, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 shares authorized as of march 31, 2019 and december 31, 2018; no shares were issued and outstanding as of march 31, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||
convertible preferred stock, 0.001 par value... | 411,052,000 | |||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 10,000,000 and no shares authorized as of december 31, 2018 and december 31, 2017, respectively; no shares were issued and outstanding as of december 31, 2018 | ||||||||||||||||||||||||||||||
notes receivable from common stockholders | ||||||||||||||||||||||||||||||
total liabilities, convertible preferred stock and stockholders’ equity | 773,855,000 | |||||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ deficit | ||||||||||||||||||||||||||||||
convertible notes payable | 139,615,000 | |||||||||||||||||||||||||||||
stockholders’ deficit: | ||||||||||||||||||||||||||||||
total stockholders’ deficit | -168,443,000 | |||||||||||||||||||||||||||||
total liabilities, convertible preferred stock and stockholders’ deficit | 435,235,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 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 loss | -38,810,000 | -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 loss to net cash from operating activities: | |||||||||||||||||||||||||||||
stock-based compensation | 8,130,000 | 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 | 3,057,000 | 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 | -821,000 | -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 asset | |||||||||||||||||||||||||||||
impairment of equity investment and equity method investment | |||||||||||||||||||||||||||||
non-cash rent expense | 1,047,000 | 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 |
income tax expense | |||||||||||||||||||||||||||||
non-cash collaboration revenue - related party | 0 | 0 | 0 | -14,000 | |||||||||||||||||||||||||
share of loss from equity method investments | -375,000 | 929,000 | |||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||
deposit placed in escrow | -7,000 | 12,000 | -1,843,000 | -868,000 | 1,547,000 | -891,000 | |||||||||||||||||||||||
prepaid expenses and other current assets | 986,000 | 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 | -102,000 | 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 | 599,000 | -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 | -118,000 | 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 | -1,889,000 | -1,855,000 | -1,926,000 | -1,833,000 | -1,776,000 | ||||||||||||||||||||||||
other long-term liabilities | 329,000 | 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 | -27,599,000 | -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 | -50,267,000 | -31,935,000 | -24,892,000 | -30,256,000 | -21,481,000 |
capital expenditures | 0 | -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 |
free cash flows | -27,599,000 | -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 | -64,379,000 | -50,335,000 | -32,748,000 | -40,679,000 | -22,802,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||
purchases of property and equipment | 0 | -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 | 61,990,000 | 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 | -28,377,000 | -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 | 33,613,000 | 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 | 7,859,000 | 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 public offering, net of commissions and issuance costs | 32,000 | ||||||||||||||||||||||||||||
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 | 0 | 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 | |||||
proceeds from cirm award | 0 | 0 | 3,558,000 | 3,350,000 | 0 | 0 | |||||||||||||||||||||||
net cash from financing activities | 7,859,000 | 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 decrease in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||
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: | |||||||||||||||||||||||||||||
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 and other current liabilities | -683,000 | 725,000 | 613,000 | -594,000 | -6,593,000 | 8,299,000 | 658,000 | ||||||||||||||||||||||
supplemental disclosure: | |||||||||||||||||||||||||||||
cash paid for amounts included in the measurement of lease liabilities | -3,236,000 | -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 assets | 0 | 10,728,000 | |||||||||||||||||||||||||||
proceeds from issuance of common stock from registered offering, net of commissions and issuance costs | 0 | ||||||||||||||||||||||||||||
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: | |||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||
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 | ||||||||||||||||||||||||
amortization/accretion on investment securities | |||||||||||||||||||||||||||||
impairment of equity method investment | |||||||||||||||||||||||||||||
share of gain/loss 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 loss 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 loss 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 | |||||||||||||||||||||||||||||
acquired in process-research and development | |||||||||||||||||||||||||||||
deferred income taxes | 33,000 | -159,000 | -50,000 | ||||||||||||||||||||||||||
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 |
