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 
      
    		                                 
      assets
    		                                 
      current assets:
    		                                 
      cash and cash equivalents
    		479,171,000 370,036,000 358,393,000 411,290,000 396,864,000 360,087,000 325,923,000 351,185,000 452,414,000 616,259,000 765,083,000 551,801,000 584,189,000 604,489,000 633,456,000 640,192,000 283,745,000 270,764,000 265,435,000 565,779,000 415,560,000 317,348,000 417,881,000 351,985,085 433,994,644 289,128,569 288,246,706 176,267,666 220,640,818 253,839,540 152,930,977 175,643,529 13,135,848 
      accounts receivable
    		345,538,000 214,131,000 235,246,000 264,926,000 279,011,000 304,433,000 267,837,000 206,442,000 169,258,000 110,913,000 31,505,000 7,727,000 8,091,000 7,518,000 6,330,000 10,103,000 3,522,000 719,000                
      inventory
    		122,819,000 121,000,000 82,468,000 81,404,000 121,058,000 152,772,000 161,283,000 146,362,000 98,545,000 103,216,000 85,484,000 85,714,000 59,753,000 48,451,000 32,850,000 16,286,000 1,677,000 3,731,000                
      prepaid assets
    		31,560,000 29,171,000 37,104,000 18,368,000 23,809,000 28,971,000 43,163,000 38,820,000 44,617,000 34,404,000 36,559,000 36,350,000 30,356,000 21,478,000 24,534,000 24,868,000 17,374,000 18,866,000 17,203,000 11,400,000 11,299,000 17,925,000 22,806,000 19,802,008 14,742,698 13,977,215 20,509,948 24,333,851 16,846,183 10,857,287 8,121,602 5,059,593  
      restricted cash
    		1,430,000 1,430,000 1,434,000 1,322,000 1,373,000 1,339,000 1,103,000 1,114,000 1,086,000 1,085,000 1,275,000 1,273,000 1,259,000 1,266,000 1,558,000 1,563,000 1,563,000 1,572,000 1,552,000 1,266,000 1,255,000 1,248,000 1,016,000           
      other current assets
    		10,158,000 19,842,000 13,073,000 11,644,000 11,782,000 12,372,000 12,119,000 22,408,000 30,847,000 26,809,000 34,349,000 36,658,000 23,925,000 28,460,000 73,412,000 70,677,000 20,980,000 31,228,000 31,198,000 26,878,000 1,637,000 1,828,000 1,891,000 1,307,591 2,457,530 3,355,995 15,570 364,113 81,532 7,695 205,713 14,823 3,653,520 
      total current assets
    		990,676,000 755,610,000 727,718,000 788,954,000 833,897,000 859,974,000 811,428,000 766,331,000 796,767,000 892,686,000 954,255,000 719,523,000 831,937,000 959,969,000 1,103,982,000 824,047,000 475,427,000 655,126,000 773,625,000 917,192,000 742,349,000 853,825,000 672,407,000 373,094,684 451,194,872 308,412,717 310,527,863 202,439,221 238,932,792 266,701,518 163,086,857 182,015,306 19,032,933 
      non-current assets:
    		                                 
      right-of-use assets
    		19,720,000 14,637,000 15,251,000 16,083,000 17,060,000 16,321,000 14,994,000 16,745,000 15,484,000 16,726,000 17,854,000 18,747,000 19,522,000 20,755,000 19,972,000 19,901,000 20,930,000 21,939,000 22,518,000 17,719,000 18,545,000 12,959,000 13,715,000 14,110,209 13,332,783 6,644,312 6,621,807       
      property and equipment
    		1,927,000 2,117,000 2,514,000 2,952,000 3,379,000 3,836,000 4,195,000 4,345,000 4,790,000 5,339,000 5,967,000 6,148,000 5,681,000 5,892,000 5,893,000 6,177,000 6,509,000 6,750,000 7,077,000 6,803,000 6,531,000 2,416,000 1,972,000 1,654,999 1,592,787 1,439,108 1,041,063       
      long-term inventory
    		40,909,000 48,128,000 60,652,000 75,713,000 46,080,000 23,021,000                            
      other assets
    		5,491,000 898,000 1,150,000 1,349,000 1,450,000 1,330,000 1,313,000 1,309,000 1,175,000 827,000 793,000 15,799,000 15,752,000 15,882,000 16,007,000 31,640,000 22,823,000 16,097,000 6,909,000 18,855,000 909,000 906,000 845,000 385,088 236,515 207,873 162,345 1,094,338 212,979 116,150 116,150 116,150 108,350 
      total assets
    		1,058,723,000 821,390,000 807,285,000 885,051,000 901,866,000 904,482,000 831,930,000 788,730,000 818,216,000 915,578,000 978,869,000 760,217,000 872,892,000 1,002,498,000 1,145,854,000 881,765,000 525,689,000 699,912,000 810,129,000 960,569,000 768,334,000 870,106,000 688,939,000 389,244,980 466,356,957 316,704,010 318,353,078 203,533,559 239,145,771 266,817,668 163,203,007 182,131,456 19,141,283 
      liabilities and stockholders’ equity
    		                                 
      current liabilities:
    		                                 
      accounts payable
    		38,602,000 54,241,000 55,287,000 38,572,000 42,730,000 38,270,000 26,788,000 37,516,000 18,192,000 27,500,000 31,494,000 37,342,000 14,099,000 16,220,000 12,273,000 16,909,000 4,984,000 5,339,000 4,158,000 8,477,000 11,069,000 9,927,000 3,078,000 8,360,527 11,836,609 13,811,730 11,916,152 10,254,938 5,468,800 5,133,017 4,585,058 3,663,253 4,001,059 
      accrued expenses
    		140,322,000 138,999,000 116,146,000 140,184,000 139,835,000 122,781,000 101,399,000 127,806,000 117,089,000 97,716,000 71,251,000 95,139,000 79,778,000 89,419,000 105,272,000 103,239,000 69,847,000 134,303,000 69,398,000 111,935,000 60,766,000 45,399,000 44,930,000 54,782,951 30,431,607 20,229,694 7,342,601 5,103,002 10,565,640 5,121,178 2,709,801 2,890,705 2,936,885 
      convertible senior notes
    		93,581,000 93,500,000 93,421,000 93,341,000 93,263,000 93,186,000 93,109,000 93,033,000 92,957,000 92,883,000 92,809,000 92,736,000 92,663,000 189,313,000 189,168,000 189,024,000 189,610,000 386,471,000 386,152,000 358,830,000 353,769,000 348,842,000 144,561,000 142,566,851 140,614,523         
      current portion of lease liabilities
    		7,022,000 7,419,000 6,944,000 6,753,000 6,792,000 6,214,000 6,257,000                           
      total current liabilities
    		279,527,000 200,659,000 178,377,000 185,509,000 191,260,000 169,168,000 215,291,000 247,593,000 185,630,000 174,837,000 138,644,000 167,610,000 115,446,000 126,793,000 124,769,000 131,847,000 94,237,000 157,787,000 83,670,000 128,327,000 75,273,000 57,990,000 50,740,000 65,752,819 44,572,363 35,591,073 20,386,473 17,024,607 16,034,440 10,254,195 7,294,859 6,553,958 6,937,944 
      long-term liabilities:
    		                                 
      long-term credit facility
    		361,091,000 360,535,000 360,001,000 359,489,000 358,982,000 364,025,000                            
      lease liabilities
    		13,680,000 8,313,000 9,186,000 10,201,000 11,411,000 11,085,000 9,770,000                           
      other liabilities
    		3,257,000 2,078,000 2,084,000 7,972,000 9,829,000 2,691,000 2,658,000 2,312,000 946,000 429,000 347,000  1,938,000 1,569,000 1,208,000          250,000 250,000 234,932       
      total liabilities
    		657,555,000 665,085,000 643,069,000 656,512,000 664,745,000 640,155,000 565,254,000 594,209,000 585,945,000 570,175,000 566,746,000 590,345,000 565,476,000 668,080,000 683,619,000 683,103,000 583,014,000 841,405,000 758,471,000 756,012,000 662,494,000 638,042,000 429,942,000 355,015,304 326,795,143 157,617,972 93,598,186 42,560,904 43,190,921 37,265,562 34,160,902 33,188,596  
      commitments and contingencies
    		                                 
      stockholders’ equity:
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and no shares issued and outstanding at september 30, 2025 and december 31, 2024
    		                                 
      common stock
    		12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 11,000 11,000 11,000 11,000 10,000 9,000 8,000 8,000 8,000 8,000 8,000 7,000 6,393 6,387 6,367 6,322 5,628 5,624 5,615 5,042 5,033 847 
      additional paid-in capital
    		3,357,583,000 3,328,604,000 3,294,849,000 3,267,201,000 3,239,262,000 3,209,245,000 3,174,100,000 3,035,539,000 2,982,236,000 2,954,862,000 2,899,524,000 2,479,596,000 2,453,301,000 2,289,201,000 2,259,906,000 1,857,430,000 1,453,431,000 1,173,512,000 1,147,263,000 1,131,013,000 1,112,203,000 1,100,639,000  615,849,518     435,915,657     
      accumulated other comprehensive loss
    		-2,400,000 -2,569,000 -3,054,000 -3,308,000 -3,140,000 -3,362,000 -3,525,000 -3,542,000 -1,065,000 -796,000 -775,000 -875,000 -3,027,000 -3,194,000 -2,059,000 -2,090,000 -2,010,000 -1,829,000 -1,620,000 -117,000    -153,775 -205,249 -121,977 -120,645 -122,807      
      accumulated deficit
    		-2,954,027,000 -3,169,742,000 -3,127,591,000 -3,035,366,000 -2,999,013,000 -2,941,568,000 -2,903,911,000 -2,837,488,000 -2,748,912,000 -2,608,675,000 -2,486,638,000 -2,308,860,000 -2,142,869,000 -1,951,600,000 -1,795,623,000 -1,656,688,000 -1,508,755,000 -1,313,184,000 -1,093,993,000 -926,347,000 -1,004,612,000 -868,912,000 -750,295,000 -581,472,460 -468,255,037 -398,430,378 -327,340,214 -276,765,847 -240,306,373 -204,334,259 -170,999,957 -149,263,653 -131,007,757 
      total stockholders’ equity
    		401,168,000 156,305,000 164,216,000 228,539,000 237,121,000 264,327,000 266,676,000 194,521,000 232,271,000 345,403,000 412,123,000 169,872,000 307,416,000 334,418,000 462,235,000 198,662,000                 12,203,339 
      total liabilities and stockholders’ equity
    		1,058,723,000 821,390,000 807,285,000 885,051,000 901,866,000 904,482,000 831,930,000 788,730,000 818,216,000 915,578,000 978,869,000 760,217,000 872,892,000 1,002,498,000 1,145,854,000 881,765,000                 19,141,283 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and no shares issued and outstanding at june 30, 2025 and december 31, 2024
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and no shares issued and outstanding at march 31, 2025 and december 31, 2024
    		                                 
      current portion of development liability
    		      77,287,000 75,830,000 44,610,000 43,769,000 30,071,000 29,504,000 16,146,000 15,842,000 2,664,000 7,584,000                  
      long-term development liability
    		      244,426,000 239,817,000 295,532,000 289,960,000 321,713,000 315,647,000 340,142,000 333,729,000 351,784,000 345,151,000                  
      preferred stock, 0.0001 par value; 10,000 shares authorized and zero shares issued and outstanding at december 31, 2024 and 2023
    		                                 
      deferred revenue
    		    1,903,000 1,903,000 3,560,000                           
      preferred stock, 0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at september 30, 2024 and december 31, 2023
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at june 30, 2024 and december 31, 2023
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at march 31, 2024 and december 31, 2023
    		                                 
      current portion of right-of-use liabilities
    		       6,441,000 5,739,000 5,852,000 5,828,000 5,625,000 5,423,000 5,312,000 4,560,000 4,115,000    3,685,000              
      right-of-use liabilities
    		       11,454,000 10,880,000 12,066,000 13,233,000 14,352,000 15,287,000 16,676,000 16,690,000 17,081,000    15,217,000     11,255,257 5,243,491 5,566,811       
      preferred stock, 0.0001 par value; 10,000 shares authorized and zero shares issued and outstanding at december 31, 2023 and 2022
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at september 30, 2023 and december 31, 2022
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at june 30, 2023 and december 31, 2022
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at march 31, 2023 and december 31, 2022
    		                                 
      marketable securities
    		            124,364,000 248,307,000 331,842,000 60,358,000 146,566,000 328,246,000 458,237,000 311,869,000 312,598,000 515,476,000 228,813,000           
      preferred stock, 0.0001 par value; 10,000 shares authorized and zero shares issued and outstanding at december 31, 2022 and 2021
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at september 30, 2022 and december 31, 2021
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at june 30, 2022 and december 31, 2021
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at march 31, 2022 and december 31, 2021
    		                                 
      current portion of development derivative liability
    		                15,334,000 14,110,000 6,212,000 4,230,000              
      development derivative liability
    		                281,017,000 278,022,000 268,740,000 253,638,000 217,778,000 220,475,000 223,245,000 134,839,000 130,103,000 109,840,000 60,736,000       
      preferred stock, 0.0001 par value; 10,000 shares authorized and zero shares issued and outstanding at december 31, 2021 and 2020
    		                                 
      liabilities and stockholders' equity
    		                                 
      current portion of right of use liabilities
    		                4,072,000 4,035,000 3,902,000  3,438,000 2,664,000 2,732,000  2,304,147 1,549,649 1,127,720       
      operating lease liabilities
    		                18,150,000 19,125,000 19,909,000  15,674,000 10,735,000 11,396,000 11,856,634          
      stockholders' equity:
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at september 30, 2021 and december 31, 2020
    		                                 
      total stockholders' equity
    		                -57,325,000 -141,493,000 51,658,000 204,557,000 105,840,000 232,064,000 258,997,000 34,229,676 139,561,814 159,086,038 224,754,892 160,972,655 195,954,850 229,552,106 129,042,105 148,942,860  
      total liabilities and stockholders' equity
    		                525,689,000 699,912,000 810,129,000 960,569,000 768,334,000 870,106,000 688,939,000 389,244,980 466,356,957 316,704,010 318,353,078 203,533,559 239,145,771 266,817,668 163,203,007 182,131,456  
      preferred stock, 0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at june 30, 2021 and december 31, 2020
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at march 31, 2021 and december 31, 2020
    		                                 
      preferred stock, 0.0001 par value; 10,000 shares authorized and zero shares issued and outstanding at december 31, 2020 and 2019
    		                                 
      preferred stock, 0.0001 par value; 10.0 million shares authorized, and zero shares issued and outstanding at september 30, 2020 and december 31, 2019
    		                                 
      accumulated other comprehensive income/
    		                    -1,759,000 329,000 1,010,000           
      preferred stock, 0.0001 par value; 10.0 million shares authorized, and zero shares issued and outstanding at june 30, 2020 and december 31, 2019
    		                                 
      preferred stock, 0.0001 par value; 10.0 million shares authorized, and zero shares issued and outstanding at march 31, 2020 and december 31, 2019
    		                                 
      additional paid in capital
    		                      1,008,275,000  608,015,713 557,632,026 552,209,429 437,855,681  433,880,750 300,037,020 298,201,480 31,407,476 
      current portion of long-term-debt
    		                                 
      current portion of operating lease liabilities
    		                       2,609,341          
      term loan facility
    		                            20,270,032 20,143,217 20,015,568 19,806,944  
      promissory note
    		                         6,693,408 6,673,970 6,655,193 6,636,449     
      preferred stock, 0.0001 par value; 10,000,000 shares authorized and zero shares issued and outstanding at december 31, 2018 and 2019
    		                                 
      current portion of long-term debt
    		                           1,666,667      
      preferred stock, 0.0001 par value; 10,000,000 shares authorized, and zero shares issued and outstanding at december 31, 2018 and september 30, 2019
    		                                 
      refundable research and development credit
    		                         1,950,938 1,755,639 1,473,591 1,364,259 1,996,996 1,828,565 1,297,361 2,243,565 
      preferred stock, 0.0001 par value; 10,000,000 shares authorized, and zero shares issued and outstanding at december 31, 2018 and june 30, 2019
    		                                 
      preferred stock, 0.0001 par value; 10,000,000 shares authorized, and zero shares issued and outstanding at december 31, 2018 and march 31, 2019
    		                                 
      term loan facility, net of current portion
    		                           18,722,321      
      common stock warrant liability
    		                           158,783 250,000 250,000 250,000 244,292  
      preferred stock, 0.0001 par value; 10,000,000 shares authorized and zero shares issued and outstanding at december 31, 2017 and 2018
    		                                 
      preferred stock, 0.0001 par value; 10,000,000 shares authorized, and zero shares issued and outstanding at december 31, 2017 and september 30, 2018
    		                                 
      accumulated other comprehensive income
    		                            339,942     
      promissory note - related party
    		                             6,618,150 6,600,475 6,583,402  
      preferred stock, 0.0001 par value; 10,000,000 shares authorized, and zero shares issued and outstanding at december 31, 2017 and june 30, 2018
    		                                 
      preferred stock, 0.0001 par value; 10,000,000 shares authorized, and zero shares issued and outstanding at december 31, 2017 and march 31, 2018
    		                                 
      series a convertible preferred stock, 0.0001 par value; 2,670,000 shares authorized, issued and outstanding at december 31, 2016 and zero shares authorized, issued and outstanding at december 31, 2017
    		                                 
      series b convertible preferred stock, 0.0001 par value; 6,362,658 shares authorized, issued and outstanding at december 31, 2016 and zero shares authorized, issued and outstanding at december 31, 2017
    		                                 
      series c convertible preferred stock, 0.0001 par value; 26,215,411 shares authorized, issued and outstanding at december 31, 2016 and zero shares authorized, issued and outstanding at december 31, 2017
    		                                 
      series d convertible preferred stock, 0.0001 par value; 21,099,351 shares authorized, issued and outstanding at december 31, 2016 and zero shares authorized, issued and outstanding at december 31, 2017
    		                                 
      preferred stock, 0.0001 par value; zero shares authorized, issued and outstanding at december 31, 2016 and 10,000,000 shares authorized, and zero shares issued and outstanding at december 31, 2017
    		                                 
      series a convertible preferred stock, 0.0001 par value; 2,670,000 shares authorized, issued and outstanding at december 31, 2016 and september 30, 2017; liquidation value of 2,670,000 at september 30, 2017
    		                                2,654,405 
      series b convertible preferred stock, 0.0001 par value; 6,362,658 shares authorized, issued and outstanding at december 31, 2016 and september 30, 2017; liquidation value of 6,998,924 at september 30, 2017
    		                                6,944,148 
      series c convertible preferred stock, 0.0001 par value; 26,215,411 shares authorized, issued and outstanding at december 31, 2016 and september 30, 2017; liquidation value of 32,769,264 at september 30, 2017
    		                                35,542,707 
      series d convertible preferred stock, 0.0001 par value; 21,099,351 shares authorized, issued and outstanding at december 31, 2016 and september 30, 2017; liquidation value of 47,135,950 at september 30, 2017
    		                                46,913,666 
      series e convertible preferred stock, 0.0001 par value; no shares authorized, issued and outstanding at december 31, 2016; 23,376,108 share authorized at september 30, 2017; 7,792,035 issued and outstanding at september 30, 2017; liquidation value of 20,033,322 at september 30, 2017
    		                                19,747,847 
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