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 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 
      
    		                                   
      cash flows from operating activities:
    		                                   
      net income
    		15,113,000 -38,630,000 -39,329,000 -21,784,000 -32,851,000 -46,660,000 -43,936,000 -42,211,000 -37,308,000 -39,845,000 -44,255,000 -26,413,000 -33,502,000 -32,554,000 -36,255,000 -32,538,000 -6,666,000 -429,000 -18,163,000 33,646,000 -23,767,000 -21,548,000 -8,262,000 -20,263,000 -31,033,000 -23,962,000 -22,078,000 -16,994,000 -15,958,000 -13,618,000 -15,086,000 -6,861,000 -9,090,000 -2,684,000 -11,435,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                   
      depreciation and amortization
    		140,000 142,000 146,000 145,000 144,000 154,000 163,000 165,000 158,000 163,000 166,000 184,000 166,000 163,000 162,000 165,000 169,000 160,000 125,000 144,000 138,000 137,000 140,000 140,000 135,000 124,000 115,000 106,000 91,000 64,000 54,000 47,000 46,000 51,000 39,000 
      stock-based compensation
    		9,157,000 9,239,000 9,170,000 8,184,000 8,189,000 7,544,000 10,131,000 8,111,000 7,807,000 8,427,000 8,860,000 6,685,000 6,271,000 6,658,000 7,742,000 3,978,000 4,364,000 3,690,000 3,315,000 2,978,000 2,805,000 2,741,000 2,975,000 2,757,000 3,144,000 3,643,000 2,867,000 2,621,000 2,532,000 2,548,000 2,260,000 1,132,000 942,000 1,438,000 866,000 
      accretion/amortization of investments
    		-1,130,000 -1,597,000 -1,667,000 -2,302,000 -2,566,000 -2,477,000 -2,968,000 -3,154,000 -2,993,000 -2,183,000 -2,191,000 -1,723,000   161,000 100,000 100,000 126,000 167,000 222,000 178,000 69,000 -8,000 -184,000 -523,000           
      amortization of right-of-use assets – operating
    		470,000 459,000 460,000 456,000 452,000 441,000 442,000 439,000 434,000 424,000 427,000 422,000 419,000 408,000 411,000 220,000 500,000                   
      non-cash interest expense
    		22,515,000 19,606,000 18,061,000  15,413,000 10,953,000 6,317,000 4,958,000 4,431,000 4,358,000 4,336,000 4,251,000 6,135,000 5,868,000 4,854,000         173,000 171,000 168,000 164,000 165,000 164,000 161,000 156,000 159,000 157,000   
      changes in operating assets and liabilities:
    		                                   
      receivables from collaborative partners
    		-54,267,000 -3,534,000 22,881,000 -28,570,000 -3,188,000 -1,918,000 -238,000 -3,582,000 -87,000 -1,659,000 -104,000 -239,000 -147,000 -112,000 -45,000 -115,000                    
      prepaid expenses and other assets
    		-303,000 414,000 530,000 299,000 1,405,000 3,065,000 -1,566,000 2,843,000 -5,796,000 -1,292,000 51,000 1,705,000 2,821,000 -4,118,000 -1,221,000 6,740,000 -5,306,000 -959,000 -2,276,000 5,008,000 -424,000 -2,711,000 233,000 253,000 490,000 2,649,000 -1,214,000 -3,785,000 -217,000 -1,574,000 388,000 -304,000 909,000 -2,347,000 -143,000 
      accounts payable and other liabilities
    		-18,561,000 -22,320,000 -24,034,000 -40,047,000 3,364,000 8,018,000 -5,172,000 -1,498,000 -2,702,000 6,605,000 8,533,000 4,832,000 1,257,000 75,000 3,536,000 -5,321,000 -191,000 5,897,000 -5,125,000 -4,446,000 4,057,000 -3,298,000 -5,190,000 1,319,000 520,000 7,584,000 5,076,000 1,137,000 3,849,000 2,255,000 -158,000 1,137,000 -1,019,000 1,418,000 682,000 
      operating lease liabilities
    		-490,000 -479,000 -462,000 -457,000 -452,000 -442,000 -426,000 -420,000 -418,000 -407,000 -391,000 -389,000 -383,000 -374,000 -359,000 20,000 158,000                   
      net cash from operating activities
    		-27,356,000 -40,244,000 -10,700,000 -66,672,000 -10,090,000 -21,322,000 -37,253,000 -34,349,000 -36,474,000 -25,409,000 -24,568,000 -10,685,000 -17,747,000 -24,147,000 -21,014,000 -25,301,000 -7,006,000 9,591,000 -23,204,000 37,578,000 -17,013,000 -19,610,000 -15,112,000 -15,805,000 -22,096,000 -15,517,000 -16,099,000 -12,290,000 -14,860,000 -8,878,000 -12,478,000 -4,810,000 -3,888,000 -2,643,000 -8,097,000 
      capex
    		-12,000 -39,000 -35,000 -263,000 -35,000 -33,000 -27,000 -280,000 -162,000 -190,000 -175,000 -175,000 -50,000 -78,000 -55,000 -14,000 -172,000 -863,000 -317,000 -311,000 -88,000 -83,000 -87,000 -104,000 -280,000 -241,000 -180,000 -206,000 -321,000 -304,000 -232,000 -124,000 -13,000 -68,000 -85,000 
      free cash flows
    		-27,368,000 -40,283,000 -10,735,000 -66,935,000 -10,125,000 -21,355,000 -37,280,000 -34,629,000 -36,636,000 -25,599,000 -24,743,000 -10,860,000 -17,797,000 -24,225,000 -21,069,000 -25,315,000 -7,178,000 8,728,000 -23,521,000 37,267,000 -17,101,000 -19,693,000 -15,199,000 -15,909,000 -22,376,000 -15,758,000 -16,279,000 -12,496,000 -15,181,000 -9,182,000 -12,710,000 -4,934,000 -3,901,000 -2,711,000 -8,182,000 
      cash flows from investing activities:
    		                                   
      purchases of investments
    		-19,656,000 -54,208,000 -122,547,000  -51,345,000 -149,152,000 -58,997,000  -70,048,000 -119,009,000 -48,555,000  -180,130,000 -172,318,000 -322,477,000  -16,748,000                   
      sales and maturities of investments
    		122,950,000 90,650,000 137,429,000 91,749,000 110,000,000 146,743,000 127,640,000 115,765,000 100,845,000 98,744,000 134,126,000 149,250,000 147,746,000 101,400,000 9,620,000 25,500,000 27,744,000 42,320,000 63,284,000 42,264,000 74,445,000 88,411,000 84,851,000 80,905,000 102,879,000 110,667,000 89,600,000 57,598,000 58,520,000 55,450,000 34,581,000 27,271,000    
      purchases of property and equipment
    		-12,000 -39,000 -35,000 -263,000 -35,000 -33,000 -27,000 -280,000 -162,000 -190,000 -175,000 -175,000 -50,000 -78,000 -55,000 -14,000 -172,000 -863,000 -317,000 -311,000 -88,000 -83,000 -87,000 -104,000 -280,000 -241,000 -180,000 -206,000 -321,000 -304,000 -232,000 -124,000 -13,000 -68,000 -85,000 
      net cash from investing activities
    		103,282,000 36,403,000 14,847,000 -29,396,000 58,620,000 -2,442,000 68,616,000 49,178,000 30,635,000 -20,455,000 85,396,000 21,497,000 -32,434,000 -70,996,000 -312,912,000 -66,694,000 10,839,000 37,961,000 56,729,000 3,598,000 4,732,000 75,394,000 10,751,000 4,035,000    -166,150,000 24,615,000 -3,062,000 2,146,000 -153,057,000 -495,000 -62,421,000 -27,085,000 
      cash flows from financing activities:
    		                                   
      proceeds from public offerings, net of underwriters’ fees
    		                                   
      proceeds from issuance of common stock
    		336,000 1,423,000 290,000 555,000 4,128,000 979,000 811,000 264,000 160,000 783,000 1,265,000 3,419,000 2,699,000 865,000 4,844,000                     
      repurchase and retirements of common stock
    		-9,720,000 -51,098,000 -4,424,000      0 -12,474,000 -37,526,000                         
      proceeds from the sale of future royalties
    		   0 0       0                        
      payment for net share settlement of equity awards
    		0 0 -1,451,000 0 0 0 -7,504,000                             
      principal repayment of liability for sale of future royalties
    		-1,007,000 -823,000 -23,005,000                                 
      payments for offering costs
    		   -122,000                          0 -280,000 -102,000 -12,000 -1,086,000 -399,000 
      payments for debt issuance costs
    		    -67,000    0 0 -43,000  -288,000 0 -2,000                     
      net cash from financing activities
    		-10,391,000 -50,498,000 -28,590,000 27,567,000 71,230,000 41,890,000 -13,633,000 -5,159,000 -3,072,000 -13,492,000 -37,574,000  37,027,000 432,000 4,609,000  241,000 554,000 167,000 126,000 263,000 71,000 -1,339,000 -111,000 -1,421,000 -1,660,000 -1,301,000 -1,372,000 226,596,000 -477,000 -1,383,000 212,387,000 300,000 -938,000 80,704,000 
      net increase in cash and cash equivalents
    		65,535,000 -54,339,000 -24,443,000 -68,501,000 119,760,000 18,126,000 17,730,000    23,254,000  -13,154,000 -94,711,000 -329,317,000                     
      cash and cash equivalents, beginning of period
    		0 0 123,080,000 0 0 0 35,965,000                             
      cash and cash equivalents, end of period
    		65,535,000 -54,339,000 98,637,000 -68,501,000 119,760,000 18,126,000 53,695,000                             
      supplemental disclosure of cash flow information
    		                                   
      interest portion of repayment for sale of future royalties
    		21,025,000 17,804,000 18,100,000                                 
      income taxes paid
    		0 39,000 5,000                                 
      non-cash investing and financing activities:
    		                                   
      amounts accrued for property and equipment
    		  11,000 3,000    -271,000 227,000 14,000 38,000 126,000   19,000 20,000 -78,000 31,000 58,000 114,000 140,000 -61,000 86,000 -41,000 68,000 -219,000 233,000 -1,000 -34,000 187,000 7,000 179,000 3,000 -43,000 52,000 
      amounts accrued for repurchases of common stock
    		74,000 -479,000 959,000      -13,000 -818,000 1,290,000                         
      receivable related to issuance of common stock, upon exercise of stock options
    		       0 0 -8,000 -43,000 32,000 -9,000                       
      amounts accrued for offering costs
    		                               -178,000   1,290,000 
      amounts accrued for issuance costs related to the sale of future royalties
    		           56,000 -104,000 0 128,000                     
      deferred income
    		  3,544,000                                 
      non-cash interest expense for sale of future royalties
    		                                   
      purchase of investments
    		                                   
      proceeds from public offerings, net of underwriters' fees
    		                           0        
      payments for repurchase of common stock
    		                                   
      payments for issuance costs related to the sale of future royalties
    		                                   
      amounts accrued for repurchase of common stock
    		                                   
      repayment of liability for sale of future royalties
    		    -26,830,000 -9,053,000 -6,940,000 -5,423,000 -3,232,000 -1,801,000 -1,270,000 -1,424,000 -384,000 -433,000 -233,000                     
      gain on disposal of property and equipment
    		                                   
      proceeds from the sale of property and equipment
    		               0                    
      net increase in cash, cash equivalents, and restricted cash
    		               159,341,000 4,074,000 48,106,000 33,692,000 41,302,000 -12,018,000   -11,881,000 36,346,000   -179,812,000   -11,715,000    45,522,000 
      cash, cash equivalents and restricted cash, beginning of period
    		       0 0 0 71,308,000 0 0 0 495,729,000 0 0 0 250,516,000 0 0 0 171,077,000 0 0 0 113,656,000 0 0 0 81,249,000 0 0 0 51,292,000 
      cash, cash equivalents and restricted cash, end of period
    		       9,670,000 -8,911,000 -59,356,000 94,562,000 12,761,000 -13,154,000 -94,711,000 166,412,000 159,341,000 4,074,000 48,106,000 284,208,000 41,302,000 -12,018,000 55,855,000 165,377,000 -11,881,000 36,346,000 40,699,000 105,913,000 -179,812,000 236,351,000 -12,417,000 69,534,000 54,520,000 -4,083,000 -66,002,000 96,814,000 
      leased assets obtained in exchange for operating lease liabilities
    		               0 0                   
      net decrease in cash and cash equivalents
    		        -8,911,000                           
      (gain) loss on disposal of property and equipment, net of gain on lease termination
    		                                   
      payments on notes payable
    		                   0 0 0 -1,375,000 -1,875,000 -1,875,000 -1,875,000 -1,875,000 -1,875,000 -1,875,000 -1,875,000 -1,250,000     
      net cash provided (used in) by financing activities
    		                                   
      interest paid
    		                   0 0 0 4,000 40,000 83,000 129,000 172,000 208,000 250,000 288,000 297,000 327,000 293,000 191,000 278,000 
      australian tax incentive receivable
    		                       0 0 175,000 -1,000 -1,000 -21,000 1,458,000 -9,000 -115,000 4,151,000 -672,000 -847,000 
      proceeds from issuance of common stock, upon the exercise of stock options
    		                241,000 554,000 167,000 126,000 263,000 71,000 36,000 1,764,000 454,000 215,000 574,000 731,000 669,000 1,397,000 72,000 165,000 311,000 148,000 355,000 
      receivable from collaborative partners
    		                 605,000 -1,247,000    -5,000,000         0 0 0 1,225,000 
      acquisition of investments
    		                  -6,238,000 -38,355,000 -69,625,000 -12,934,000 -74,013,000 -76,766,000 -42,736,000 -52,550,000 -79,763,000 -223,542,000 -33,584,000 -58,208,000 -32,203,000 -180,204,000 -21,348,000 -62,353,000 -27,000,000 
      income taxes
    		                                   
      loss on disposal of property and equipment, net of gain on lease termination
    		                                   
      proceeds from issuance of common stock, upon the exercise of warrants
    		                           0 0 1,000 75,000 0 1,000 0 535,000 
      net decrease in cash, cash equivalents, and restricted cash
    		                      -5,700,000    -7,743,000      -4,083,000   
      change in fair value of liability for preferred stock warrants
    		                               0 0 0 1,366,000 
      reclassification of warrants to equity
    		                               0 0 0 4,607,000 
      proceeds for offering costs
    		                                   
      net provided by investing activities
    		                         57,876,000 9,657,000         
      accretion of discount on investments
    		                          -1,028,000         
      (income) income from investments
    		                           -678,000   -83,000     
      loss on disposal of property and equipment
    		                                   
      deferred revenue
    		                                   
      proceeds from debt
    		                                   
      fair value of warrants issued with debt
    		                                   
      proceeds (payments) for offering costs
    		                                   
      income from investments
    		                               -5,000    
      income taxes payable
    		                                   
      proceeds from the issuance of preferred stock, net of issuance cost
    		                                   
      noncash investing and financing activities:
    		                                   
      proceeds from initial public offering, net of underwriters fees
    		                                0 0 80,213,000 
      noncash interest expense
    		                                  150,000 
      restricted cash
    		                                   
      proceeds from sale of property and equipment
    		                                   
      proceeds from the issuance of preferred stock, net of issuance costs
    		                                   
      payments for deferred offering costs
    		                                   
      amounts accrued for deferred financing costs
    		                                   
      conversion of convertible promissory notes payable to related parties into shares of series c-1 preferred stock
    		                                   
    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.