Arvinas, Inc(NASDAQ:ARVN) 
Arvinas, Inc., a clinical-stage biopharmaceutical company, engages in the discovery, development, and commercialization of therapies to degrade disease-causing proteins. Its lead product candidates are ARV-110, a proteolysis targeting chimera (PROTAC) protein degrader that is in phase I clinical tri...
Website: http://www.arvinas.com
Founded: 2013
Full Time Employees: 133
Sector: Healthcare
Industry: Biotechnology
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At a glance:
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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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 9,500,000 | 41,900,000 | 22,400,000 | 188,800,000 | 59,200,000 | 102,400,000 | 76,500,000 | 25,300,000 | -43,100,000 | 34,600,000 | 54,500,000 | 32,500,000 | 45,600,000 | 30,300,000 | 31,300,000 | 24,200,000 | 26,331,432 | 9,284,785 | 5,544,418 | 5,539,365 | 2,217,692 | 7,596,776 | 5,747,681 | 6,239,628 | 4,893,273 | 30,050,227 | 4,016,489 | 4,016,489 | 3,440,165 | 3,375,264 |
yoy | -83.95% | -59.08% | -70.72% | 646.25% | -237.35% | 195.95% | 40.37% | -22.15% | -194.52% | 14.19% | 74.12% | 34.30% | 73.18% | 226.34% | 464.53% | 336.87% | 1087.33% | 22.22% | -3.54% | -11.22% | -54.68% | -74.72% | 43.10% | 55.35% | 42.24% | 790.31% | ||||
qoq | -77.33% | 87.05% | -88.14% | 218.92% | -42.19% | 33.86% | 202.37% | -158.70% | -224.57% | -36.51% | 67.69% | -28.73% | 50.50% | -3.19% | 29.34% | -8.09% | 183.60% | 67.46% | 0.09% | 149.78% | -70.81% | 32.17% | -7.88% | 27.51% | -83.72% | 648.17% | 0.00% | 16.75% | 1.92% | |
operating expenses: | ||||||||||||||||||||||||||||||
research and development | 61,100,000 | 64,700,000 | 68,600,000 | 90,800,000 | 83,300,000 | 86,900,000 | 93,700,000 | 84,300,000 | 95,200,000 | 85,900,000 | 103,400,000 | 95,300,000 | 98,300,000 | 77,500,000 | 75,300,000 | 64,000,000 | 61,918,680 | 40,603,631 | 43,010,807 | 34,866,882 | 33,200,159 | 30,012,918 | 23,416,090 | 21,726,686 | 20,414,783 | 16,588,050 | 16,000,638 | 14,190,359 | 14,562,299 | 13,149,879 |
general and administrative | 23,000,000 | 21,000,000 | 25,300,000 | 26,600,000 | 34,100,000 | 75,800,000 | 31,300,000 | 24,300,000 | 27,000,000 | 22,600,000 | 25,700,000 | 24,900,000 | 15,100,000 | 20,000,000 | 24,300,000 | 20,200,000 | 18,858,038 | 16,012,384 | 14,410,865 | 12,318,713 | 12,230,997 | 9,331,925 | 8,815,474 | 7,925,005 | 7,268,390 | 7,957,364 | 6,440,779 | 5,640,629 | 5,821,445 | 4,284,231 |
total operating expenses | 84,100,000 | 85,700,000 | 93,900,000 | 117,400,000 | 117,400,000 | 162,700,000 | 125,000,000 | 108,600,000 | 122,200,000 | 108,500,000 | 129,100,000 | 120,200,000 | 113,400,000 | 97,500,000 | 99,600,000 | 84,200,000 | 80,776,718 | 56,616,015 | 57,421,672 | 47,185,595 | 45,431,156 | 39,344,843 | 32,231,564 | 29,651,691 | 27,683,173 | 24,545,414 | 22,441,417 | 19,830,988 | 20,383,744 | 17,434,110 |
income from operations | -74,600,000 | -43,800,000 | -71,500,000 | 71,400,000 | -58,200,000 | -60,300,000 | -48,500,000 | -83,300,000 | -165,300,000 | -73,900,000 | -74,600,000 | -87,700,000 | -67,800,000 | -67,200,000 | -68,300,000 | -60,000,000 | -54,445,286 | -47,331,230 | -51,877,254 | -41,646,230 | -43,213,464 | -31,748,067 | -26,483,883 | -23,412,063 | -22,789,900 | 5,504,813 | -18,424,928 | -15,814,499 | -16,943,579 | -14,058,846 |
yoy | 28.18% | -27.36% | 47.42% | -185.71% | -64.79% | -18.40% | -34.99% | -5.02% | 143.81% | 9.97% | 9.22% | 46.17% | 24.53% | 41.98% | 31.66% | 44.07% | 25.99% | 49.08% | 95.88% | 77.88% | 89.62% | -676.73% | 43.74% | 48.04% | 34.50% | -139.16% | ||||
qoq | 70.32% | -38.74% | -200.14% | -222.68% | -3.48% | 24.33% | -41.78% | -49.61% | 123.68% | -0.94% | -14.94% | 29.35% | 0.89% | -1.61% | 13.83% | 10.20% | 15.03% | -8.76% | 24.57% | -3.63% | 36.11% | 19.88% | 13.12% | 2.73% | -514.00% | -129.88% | 16.51% | -6.66% | 20.52% | |
operating margin % | -785.26% | -104.53% | -319.20% | 37.82% | -98.31% | -58.89% | -63.40% | -329.25% | 383.53% | -213.58% | -136.88% | -269.85% | -148.68% | -221.78% | -218.21% | -247.93% | -206.77% | -509.77% | -935.67% | -751.82% | -1948.58% | -417.92% | -460.78% | -375.22% | -465.74% | 18.32% | -458.73% | -393.74% | -492.52% | -416.53% |
other income | 600,000 | -200,000 | -100,000 | -100,000 | 796,479 | 219,058 | 1,236,657 | 247,806 | 1,162,594 | 144,215 | 307,743 | 390,009 | 595,443 | 405,302 | 191,729 | 243,122 | -315,764 | 160,100 | ||||||||||||
other expense | -300,000 | -675,000 | -2,600,000 | -100,000 | -275,000 | -1,100,000 | ||||||||||||||||||||||||
interest income | 7,400,000 | 9,000,000 | 10,300,000 | 11,700,000 | 12,900,000 | 14,300,000 | 13,600,000 | 14,000,000 | 12,200,000 | 10,000,000 | 9,000,000 | 7,600,000 | 5,700,000 | 3,400,000 | 1,800,000 | 1,200,000 | 720,912 | 368,545 | 360,160 | 450,383 | 520,632 | 800,236 | 965,851 | 1,299,133 | 1,162,991 | 1,112,415 | 1,091,331 | 1,190,523 | 1,196,113 | 523,338 |
total other income | 7,400,000 | 9,000,000 | 10,000,000 | 11,700,000 | 12,700,000 | 11,700,000 | 13,500,000 | 14,000,000 | 12,100,000 | 10,000,000 | 9,000,000 | 6,500,000 | 6,300,000 | 3,200,000 | 1,700,000 | 1,100,000 | 1,449,891 | 579,478 | 1,588,692 | 681,939 | 1,666,976 | 928,201 | 1,257,344 | 1,672,892 | 1,742,184 | 1,494,814 | 1,260,282 | 1,410,007 | 855,713 | 671,174 |
net loss before income taxes | -3,325,000 | -34,800,000 | -47,375,000 | -64,000,000 | -66,600,000 | -58,900,000 | ||||||||||||||||||||||||
income tax expense | -200,000 | -300,000 | -200,000 | -10,800,000 | -2,200,000 | -3,400,000 | -4,500,000 | |||||||||||||||||||||||
net income | -67,400,000 | -35,100,000 | -61,200,000 | 82,900,000 | -45,100,000 | -49,200,000 | -35,200,000 | -69,400,000 | -154,800,000 | -64,000,000 | -66,600,000 | -81,900,000 | -82,900,000 | -66,200,000 | -70,000,000 | -63,400,000 | -52,995,395 | -46,751,752 | -50,288,562 | -40,964,291 | -41,546,488 | -30,819,866 | -25,226,539 | -21,739,171 | -21,047,716 | -17,675,373 | -17,164,646 | -14,404,492 | -16,087,866 | -13,387,672 |
yoy | 49.45% | -28.66% | 73.86% | -219.45% | -70.87% | -23.12% | -47.15% | -15.26% | 86.73% | -3.32% | -4.86% | 29.18% | 56.43% | 41.60% | 39.20% | 54.77% | 27.56% | 51.69% | 99.35% | 88.44% | 97.39% | 74.37% | 46.97% | 50.92% | 30.83% | 32.03% | ||||
qoq | 92.02% | -42.65% | -173.82% | -283.81% | -8.33% | 39.77% | -49.28% | -55.17% | 141.88% | -3.90% | -18.68% | -1.21% | 25.23% | -5.43% | 10.41% | 19.63% | 13.35% | -7.03% | 22.76% | -1.40% | 34.80% | 22.17% | 16.04% | 3.29% | 19.08% | 2.98% | 19.16% | -10.46% | 20.17% | |
net income margin % | -709.47% | -83.77% | -273.21% | 43.91% | -76.18% | -48.05% | -46.01% | -274.31% | 359.16% | -184.97% | -122.20% | -252.00% | -181.80% | -218.48% | -223.64% | -261.98% | -201.26% | -503.53% | -907.01% | -739.51% | -1873.41% | -405.70% | -438.90% | -348.40% | -430.14% | -58.82% | -427.35% | -358.63% | -467.65% | -396.64% |
loss per common share | ||||||||||||||||||||||||||||||
basic and diluted | -45,000 | -480,000 | ||||||||||||||||||||||||||||
weighted-average common shares outstanding | ||||||||||||||||||||||||||||||
basic and diluted | 70,900,000 | 73,200,000 | ||||||||||||||||||||||||||||
net income before income taxes | -61,500,000 | 83,100,000 | ||||||||||||||||||||||||||||
income tax benefit | 300,000 | -250,000 | -600,000 | -200,000 | -100,000 | 175,000 | 300,000 | 400,000 | ||||||||||||||||||||||
earnings per common share | ||||||||||||||||||||||||||||||
basic | -840,000 | 1,140,000 | ||||||||||||||||||||||||||||
diluted | -840,000 | 1,140,000 | ||||||||||||||||||||||||||||
weighted-average common shares outstanding | ||||||||||||||||||||||||||||||
basic | 73,000,000 | 72,500,000 | ||||||||||||||||||||||||||||
diluted | 73,000,000 | 72,700,000 | ||||||||||||||||||||||||||||
consolidated statements of comprehensive income | 2,025,000,000 | |||||||||||||||||||||||||||||
other comprehensive loss: | ||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities | -500,000 | |||||||||||||||||||||||||||||
comprehensive income | -61,700,000 | |||||||||||||||||||||||||||||
net loss before income taxes and loss from equity method investment | -45,500,000 | -48,600,000 | -35,000,000 | -69,300,000 | -153,200,000 | -63,900,000 | -65,600,000 | -81,200,000 | ||||||||||||||||||||||
loss from equity method investment | -100,000 | -1,300,000 | -1,100,000 | -24,675,000 | ||||||||||||||||||||||||||
net loss per common share, basic and diluted | -535,000 | -680,000 | -490,000 | -970,000 | -992,500 | -1,180,000 | -1,250,000 | -1,540,000 | -940,000 | -1,240,000 | -1,320,000 | -1,200,000 | -0.703 | -0.94 | -1.03 | -0.84 | -1.01 | -0.79 | -0.65 | -0.56 | -0.59 | -0.54 | ||||||||
weighted-average common shares outstanding, basic and diluted | 72,100,000 | 71,900,000 | 71,700,000 | 54,100,000 | 53,400,000 | 53,300,000 | 53,200,000 | 53,200,000 | 53,000,000 | 49,807,508 | 48,860,930 | 48,621,663 | 39,534,497 | 39,058,294 | 38,739,922 | 38,548,483 | 32,927,697 | 32,740,486 | ||||||||||||
condensed consolidated statements of comprehensive loss | 2,022,000,000 | 2,022,000,000 | ||||||||||||||||||||||||||||
unrealized loss on available-for-sale securities | -3,300,000 | -14,100,000 | ||||||||||||||||||||||||||||
comprehensive loss | -73,300,000 | -77,500,000 | ||||||||||||||||||||||||||||
interest expense | -67,500 | -8,125 | -8,125 | -16,250 | -16,250 | -16,250 | -16,250 | -16,250 | -16,250 | -22,903 | -22,778 | -23,638 | -24,636 | -12,264 | ||||||||||||||||
change in fair value of preferred unit warrant | ||||||||||||||||||||||||||||||
change in fair value of redeemable convertible preferred units | ||||||||||||||||||||||||||||||
net loss attributable to common shares | -21,047,716 | -17,675,373 | ||||||||||||||||||||||||||||
net loss attributable to common shares/units | -17,164,646 | -14,404,492 | -16,087,866 | -125,438,281 | ||||||||||||||||||||||||||
net loss per common share/unit, basic and diluted | -0.55 | -0.46 | 90.17 | -62.38 | ||||||||||||||||||||||||||
weighted-average common shares/units outstanding, basic and diluted | 31,440,051 | 31,325,516 | 9,422,799 | 2,010,807 | ||||||||||||||||||||||||||
income before income taxes | -6,348,150 | -13,387,672 | ||||||||||||||||||||||||||||
benefit from income taxes | ||||||||||||||||||||||||||||||
change in fair value of redeemable convertible preferred stock/units | -49,591,689 | -112,050,609 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 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 |
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assets | |||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||
cash and cash equivalents | 87,300,000 | 142,900,000 | 101,500,000 | 114,900,000 | 81,000,000 | 100,500,000 | 85,200,000 | 154,800,000 | 88,000,000 | 311,700,000 | 113,700,000 | 90,600,000 | 130,200,000 | 81,300,000 | 132,600,000 | 93,200,000 | 62,300,000 | 108,300,000 | 255,662,835 | 48,726,443 | 346,068,406 | 588,373,232 | 88,988,921 | 21,593,656 | 36,106,323 | 9,211,057 | 12,135,475 | 11,342,178 | 28,786,247 | 3,190,056 | 6,191,004 |
marketable securities | 527,600,000 | 542,500,000 | 686,100,000 | 746,300,000 | 873,300,000 | 938,900,000 | 1,036,400,000 | 1,073,900,000 | 1,081,300,000 | 949,300,000 | 884,800,000 | 948,200,000 | 993,300,000 | 1,124,000,000 | 1,138,100,000 | 1,250,000,000 | 1,366,100,000 | 1,394,300,000 | 1,288,814,399 | 551,849,110 | 305,203,086 | 100,157,618 | 159,574,963 | 221,103,306 | 226,728,165 | 271,661,456 | 178,375,159 | 147,831,005 | 146,175,265 | 184,637,640 | 83,602,865 |
accounts receivable | 1,800,000 | 1,000,000 | 20,300,000 | 500,000 | 400,000 | 5,700,000 | 7,300,000 | 15,700,000 | 100,000 | 1,000,000 | 1,000,000 | 1,400,000 | 15,000,000 | 1,880,180 | |||||||||||||||||
other receivables | 4,600,000 | 5,400,000 | 6,500,000 | 10,600,000 | 8,000,000 | 8,000,000 | 7,500,000 | 10,000,000 | 7,100,000 | 7,200,000 | 4,900,000 | 4,700,000 | 4,700,000 | 7,000,000 | 5,800,000 | 6,700,000 | 6,700,000 | 10,700,000 | 6,755,720 | 7,415,611 | 5,175,378 | 7,443,654 | 3,511,633 | 3,564,317 | 3,878,438 | 6,280,828 | 5,142,227 | 1,402,085 | 2,469,514 | 2,255,966 | |
prepaid expenses and other current assets | 9,400,000 | 8,900,000 | 11,900,000 | 17,200,000 | 17,000,000 | 14,200,000 | 13,100,000 | 12,500,000 | 8,400,000 | 6,500,000 | 8,400,000 | 7,600,000 | 14,500,000 | 21,400,000 | 21,700,000 | 20,600,000 | 17,400,000 | 19,700,000 | 18,537,587 | 15,242,798 | 8,209,888 | 6,113,122 | 3,459,862 | 3,320,609 | 3,482,238 | 3,727,294 | 3,951,152 | 2,685,820 | 2,304,852 | 2,818,286 | 3,545,309 |
total current assets | 630,700,000 | 700,700,000 | 826,300,000 | 889,500,000 | 979,700,000 | 1,067,300,000 | 1,149,500,000 | 1,256,700,000 | 1,190,300,000 | 1,280,200,000 | 1,033,000,000 | 1,056,700,000 | 1,148,200,000 | 1,240,200,000 | 1,304,700,000 | 1,376,400,000 | 1,457,000,000 | 1,552,500,000 | 1,576,150,721 | 627,733,962 | 664,656,758 | 703,087,626 | 257,979,829 | 249,581,888 | 270,195,164 | 290,880,635 | 199,663,343 | 163,261,088 | 179,735,878 | 195,677,779 | 95,518,056 |
property, equipment and leasehold improvements | 5,500,000 | 5,200,000 | 5,400,000 | 6,100,000 | 6,700,000 | 7,000,000 | 6,800,000 | 9,800,000 | 10,400,000 | 11,500,000 | 12,700,000 | 13,200,000 | 13,400,000 | 13,400,000 | 14,000,000 | 13,600,000 | 13,400,000 | 12,700,000 | 11,628,051 | 11,699,480 | 12,210,324 | 12,259,515 | 11,712,403 | 10,541,408 | 9,575,768 | 8,455,411 | 7,152,151 | 6,366,491 | 4,227,487 | 3,583,036 | 3,347,242 |
operating lease right-of-use assets | 7,800,000 | 8,700,000 | 9,300,000 | 9,900,000 | |||||||||||||||||||||||||||
collaboration contract asset and other assets | 3,500,000 | 3,800,000 | 3,900,000 | 4,400,000 | 4,800,000 | 8,100,000 | 9,800,000 | 11,600,000 | 9,900,000 | 10,400,000 | 9,600,000 | 10,100,000 | 10,300,000 | 10,800,000 | 11,300,000 | 11,700,000 | 12,100,000 | 12,500,000 | 12,835,975 | ||||||||||||
total assets | 647,500,000 | 717,900,000 | 844,300,000 | 909,300,000 | 1,001,100,000 | 1,091,400,000 | 1,167,100,000 | 1,279,600,000 | 1,212,600,000 | 1,304,600,000 | 1,058,300,000 | 1,083,500,000 | 1,175,800,000 | 1,268,800,000 | 1,334,800,000 | 1,407,000,000 | 1,488,300,000 | 1,581,600,000 | 1,604,865,210 | 644,026,885 | 681,772,443 | 717,368,587 | 271,947,431 | 262,581,573 | 282,449,799 | 301,641,426 | 209,093,798 | 172,046,128 | 186,568,127 | 199,281,575 | 98,886,058 |
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 62,300,000 | 69,500,000 | 55,500,000 | 53,100,000 | 71,100,000 | 71,800,000 | 75,900,000 | 78,100,000 | 76,400,000 | 92,200,000 | 91,000,000 | 74,800,000 | 66,000,000 | 74,700,000 | 49,700,000 | 42,100,000 | |||||||||||||||
deferred revenue | 51,800,000 | 71,300,000 | 87,700,000 | 102,900,000 | 141,000,000 | 156,200,000 | 199,200,000 | 267,900,000 | 162,900,000 | 163,000,000 | 224,200,000 | 230,100,000 | 214,900,000 | 218,600,000 | 193,100,000 | 194,400,000 | 197,500,000 | 206,200,000 | 162,943,830 | 22,150,861 | 22,150,861 | 22,150,861 | 21,358,989 | 22,964,819 | 22,464,819 | 19,979,525 | 20,294,456 | 14,815,957 | 15,440,957 | 16,065,957 | 13,501,056 |
current portion of operating lease liabilities | 1,800,000 | 1,700,000 | 1,800,000 | 1,900,000 | 800,000 | 1,200,000 | 1,500,000 | 952,840 | 673,896 | ||||||||||||||||||||||
total current liabilities | 115,900,000 | 142,500,000 | 144,900,000 | 157,800,000 | 214,000,000 | 229,800,000 | 275,900,000 | 347,200,000 | 240,800,000 | 257,100,000 | 317,300,000 | 306,900,000 | 282,900,000 | 295,100,000 | 244,600,000 | 238,200,000 | 238,000,000 | 261,700,000 | 182,507,756 | 41,820,346 | 40,371,914 | 49,085,420 | 39,530,518 | 33,719,801 | 33,168,990 | 32,813,152 | 29,396,265 | 20,945,773 | 20,600,172 | 22,979,878 | 19,847,631 |
long-term debt | 300,000 | 400,000 | 500,000 | 500,000 | 600,000 | ||||||||||||||||||||||||||
operating lease liabilities | 6,300,000 | 7,200,000 | 7,600,000 | 8,100,000 | 100,000 | 200,000 | 400,000 | 1,087,422 | 1,714,111 | ||||||||||||||||||||||
total liabilities | 260,700,000 | 284,000,000 | 279,900,000 | 300,000,000 | 341,000,000 | 529,700,000 | 581,100,000 | 679,400,000 | 602,900,000 | 644,600,000 | 601,100,000 | 619,900,000 | 664,800,000 | 703,900,000 | 713,300,000 | 736,400,000 | 765,000,000 | 799,900,000 | 787,128,053 | 61,079,711 | 66,474,423 | 75,111,075 | 66,827,464 | 64,800,149 | 70,742,686 | 74,955,145 | 74,934,200 | 55,540,868 | 58,830,434 | 62,614,592 | 62,561,581 |
commitments and contingencies | |||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||
preferred stock, 0.001 par value... | |||||||||||||||||||||||||||||||
common stock, 0.001 par value... | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 52,766 | 48,995 | 48,786 | 48,455 | 40,096 | 38,825 | 38,672 | 38,461 | 33,076 | 31,524 | 31,369 | 31,236 | 3,684 | ||
accumulated deficit | -1,670,000,000 | -1,612,400,000 | -1,545,000,000 | -1,509,900,000 | -1,448,700,000 | -1,531,600,000 | -1,486,500,000 | -1,437,300,000 | -1,402,100,000 | -1,332,700,000 | -1,177,900,000 | -1,113,900,000 | -1,047,300,000 | -965,400,000 | -882,500,000 | -816,300,000 | -746,300,000 | -682,900,000 | -629,893,515 | -583,141,763 | -532,853,201 | -491,888,910 | -450,342,422 | -419,522,556 | -394,296,017 | -372,556,846 | -351,509,130 | -333,833,758 | -316,669,111 | -302,264,619 | -286,176,753 |
additional paid-in capital | 2,149,000,000 | 2,136,900,000 | 2,128,200,000 | 2,118,100,000 | 2,107,200,000 | 2,092,200,000 | 2,068,300,000 | 2,041,200,000 | 2,016,100,000 | 1,995,700,000 | 1,644,200,000 | 1,589,600,000 | 1,570,800,000 | 1,549,400,000 | 1,528,700,000 | 1,508,800,000 | 1,488,300,000 | 1,469,200,000 | 1,448,254,555 | 1,166,526,486 | 1,148,345,190 | 1,133,537,171 | 654,342,486 | 615,601,031 | 606,567,072 | 599,097,090 | 485,439,007 | 450,007,344 | 444,295,404 | 439,118,089 | 7,377,913 |
accumulated other comprehensive income | -400,000 | 1,200,000 | 1,400,000 | 1,000,000 | 1,500,000 | 1,000,000 | 4,100,000 | -4,600,000 | -676,649 | -486,544 | -242,755 | 560,796 | 1,079,807 | 1,664,124 | -602,614 | 107,576 | 196,645 | 300,150 | 80,031 | ||||||||||||
treasury stock | -91,900,000 | -91,900,000 | -20,300,000 | ||||||||||||||||||||||||||||
total stockholders’ equity | 386,800,000 | 564,400,000 | 609,300,000 | 660,100,000 | 586,000,000 | 600,200,000 | 609,700,000 | 457,200,000 | 463,600,000 | 511,000,000 | 621,500,000 | 670,600,000 | 723,300,000 | 817,737,157 | 582,947,174 | 615,298,020 | 205,119,967 | 197,781,424 | 211,707,113 | 134,159,598 | 116,505,260 | 127,737,693 | |||||||||
total liabilities and stockholders’ equity | 647,500,000 | 844,300,000 | 909,300,000 | 1,001,100,000 | 1,167,100,000 | 1,279,600,000 | 1,212,600,000 | 1,058,300,000 | 1,083,500,000 | 1,175,800,000 | 1,334,800,000 | 1,407,000,000 | 1,488,300,000 | 1,604,865,210 | 644,026,885 | 681,772,443 | 271,947,431 | 262,581,573 | 282,449,799 | 209,093,798 | 172,046,128 | 186,568,127 | |||||||||
operating lease right of use assets | 8,200,000 | 9,000,000 | 1,000,000 | 1,500,000 | 2,000,000 | 2,500,000 | 3,000,000 | 3,500,000 | 3,900,000 | 4,400,000 | 4,800,000 | 5,300,000 | 5,800,000 | 3,900,000 | 4,250,463 | 4,564,666 | 4,876,584 | 1,992,669 | 2,226,422 | 2,429,500 | 2,650,090 | 2,278,623 | 2,257,544 | 2,397,789 | 2,584,002 | ||||||
current portion of operating lease liability | 1,700,000 | 1,800,000 | 1,900,000 | 1,900,000 | 1,900,000 | 1,900,000 | 1,800,000 | 1,800,000 | 1,700,000 | 1,700,000 | 1,100,000 | 1,123,101 | 1,221,152 | 1,216,914 | 939,761 | 920,765 | 899,653 | 597,014 | 647,872 | 534,340 | |||||||||||
long term debt | 400,000 | 600,000 | 700,000 | 700,000 | 800,000 | 800,000 | 900,000 | 900,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | ||||||||||||
operating lease liability | 6,800,000 | 7,300,000 | 500,000 | 1,100,000 | 1,600,000 | 2,100,000 | 2,700,000 | 3,100,000 | 3,600,000 | 4,100,000 | 2,900,000 | 3,191,132 | 3,396,563 | 3,701,991 | 1,351,476 | 1,590,758 | 1,842,901 | 1,767,775 | 1,893,359 | 2,137,037 | |||||||||||
stockholders' equity: | |||||||||||||||||||||||||||||||
total stockholders' equity | 433,900,000 | 561,700,000 | 660,000,000 | 564,900,000 | 781,700,000 | 642,257,512 | 226,686,281 | ||||||||||||||||||||||||
total liabilities and stockholders' equity | 717,900,000 | 1,091,400,000 | 1,304,600,000 | 1,268,800,000 | 1,581,600,000 | 717,368,587 | 301,641,426 | ||||||||||||||||||||||||
restricted cash | 5,500,000 | 5,500,000 | 5,500,000 | 5,500,000 | 5,500,000 | 5,500,000 | 5,500,000 | 5,500,000 | 4,500,000 | 4,500,000 | 4,500,000 | 4,500,000 | 4,500,000 | ||||||||||||||||||
accumulated other comprehensive loss | -3,800,000 | -4,400,000 | -3,100,000 | -9,200,000 | -12,200,000 | -12,600,000 | -19,200,000 | -24,800,000 | -22,000,000 | -18,700,000 | -217,723 | -47,223 | |||||||||||||||||||
current portion of long term debt | 200,000 | 100,000 | 100,000 | ||||||||||||||||||||||||||||
accounts payable | 8,600,000 | 31,300,000 | 4,671,605 | 4,975,367 | 9,002,938 | 7,121,879 | 5,088,034 | 2,429,757 | 3,020,794 | 4,556,827 | 2,277,824 | 1,411,471 | 1,563,909 | 2,758,184 | 1,300,760 | ||||||||||||||||
accrued expenses | 30,200,000 | 23,100,000 | 13,769,220 | 13,472,966 | 8,001,201 | 18,859,840 | 12,143,734 | 7,404,460 | 6,783,724 | 7,602,904 | 6,226,971 | 3,998,974 | 2,947,556 | 4,001,276 | 4,851,146 | ||||||||||||||||
account receivable | 1,000,000 | 2,444,450 | 59,330 | 2,775,831 | |||||||||||||||||||||||||||
other assets | 28,777 | 28,777 | 28,777 | 28,777 | 28,777 | 28,777 | 26,757 | 20,760 | 20,760 | 20,760 | 20,760 | ||||||||||||||||||||
long term debt, net of current portion | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | ||||||||||||||||||||||||
current portion of long-term debt | 71,499 | 113,410 | 154,461 | 194,669 | |||||||||||||||||||||||||||
other non-current liability | 150,000 | ||||||||||||||||||||||||||||||
other noncurrent liability | |||||||||||||||||||||||||||||||
other assets: | |||||||||||||||||||||||||||||||
deposits | 20,760 | ||||||||||||||||||||||||||||||
liabilities and members’/stockholders' equity | |||||||||||||||||||||||||||||||
preferred unit warrant liability | |||||||||||||||||||||||||||||||
series a redeemable convertible preferred units, no par value, at redemption value, 22,463,665 units issued and outstanding as of december 31, 2017 | |||||||||||||||||||||||||||||||
series b redeemable convertible preferred units, no par value, at redemption value, 24,977,489 units issued and outstanding as of december 31, 2017 | |||||||||||||||||||||||||||||||
stockholders'/members' equity: | |||||||||||||||||||||||||||||||
common units, no par value, 1,897,544 units issued and outstanding as of december 31, 2017 | |||||||||||||||||||||||||||||||
incentive units, no par value, 3,669,963 units issued as of december 31, 2017 | |||||||||||||||||||||||||||||||
total stockholders'/members’ equity | 136,666,983 | ||||||||||||||||||||||||||||||
total liabilities and stockholders'/members’ equity | 199,281,575 | ||||||||||||||||||||||||||||||
other receivable | 2,178,878 | ||||||||||||||||||||||||||||||
liabilities and stockholders'/members’ equity | |||||||||||||||||||||||||||||||
series a redeemable convertible preferred units, no par value, at redemption value, 22,463,665 units issued and outstanding at december 31, 2017 | |||||||||||||||||||||||||||||||
series b redeemable convertible preferred units, no par value, at redemption value, 24,977,489 units issued and outstanding at december 31, 2017 | |||||||||||||||||||||||||||||||
series a redeemable convertible preferred stock, 0.001 par value... | 111,132,408 | ||||||||||||||||||||||||||||||
series b redeemable convertible preferred stock, 0.001 par value... | 122,965,984 | ||||||||||||||||||||||||||||||
series c redeemable convertible preferred stock, 0.001 par value... | 81,068,464 | ||||||||||||||||||||||||||||||
stockholders’/members’ equity: | |||||||||||||||||||||||||||||||
common units, no par value, 1,897,544 units issued and outstanding | |||||||||||||||||||||||||||||||
incentive units, no par value, 3,066,734 units issued as of december 31, 2017 | |||||||||||||||||||||||||||||||
total members’/stockholders’ equity | -278,842,379 | ||||||||||||||||||||||||||||||
total liabilities and members’/stockholders’ equity | 98,886,058 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 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 income | -57,600,000 | -61,200,000 | 82,900,000 | |||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||
depreciation and amortization | 700,000 | 700,000 | 800,000 | 800,000 | 700,000 | 1,100,000 | 1,100,000 | 1,200,000 | 1,200,000 | 1,200,000 | 1,200,000 | 1,200,000 | 1,200,000 | 1,700,000 | 1,600,000 | 1,500,000 | 1,500,000 | 1,288,002 | 1,198,603 | 1,165,385 | 1,148,010 | 1,052,274 | 861,292 | 635,104 | 617,469 | 536,712 | 468,226 | 310,460 | 246,159 | 222,948 |
net accretion of bond discounts/premiums | -1,700,000 | -2,400,000 | -3,100,000 | -3,500,000 | -3,800,000 | -4,700,000 | -5,900,000 | -5,700,000 | -5,500,000 | -5,000,000 | -4,600,000 | -3,600,000 | -3,400,000 | -800,000 | 700,000 | 2,500,000 | 3,300,000 | 4,158,794 | 2,567,842 | 1,695,232 | 978,132 | 249,890 | 580,932 | 457,562 | 366,132 | 263,892 | -21,018 | -94,235 | 5,383 | |
amortization of right-of-use assets | 400,000 | 500,000 | 500,000 | 600,000 | 600,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 400,000 | 500,000 | 400,000 | 500,000 | 400,000 | 600,000 | |||||||||||||
amortization of collaboration contract asset | 300,000 | 200,000 | 400,000 | 400,000 | 3,300,000 | 1,000,000 | 1,900,000 | 1,300,000 | 400,000 | -700,000 | 500,000 | 900,000 | 600,000 | 500,000 | 500,000 | 500,000 | 300,000 | 337,110 | ||||||||||||
stock-based compensation | 12,100,000 | 8,500,000 | 10,200,000 | 10,300,000 | 15,000,000 | 23,300,000 | 24,700,000 | 21,600,000 | 18,600,000 | 16,700,000 | 16,700,000 | 18,300,000 | 19,900,000 | 20,100,000 | 18,800,000 | 20,000,000 | 16,600,000 | 16,979,494 | 15,224,632 | 14,568,216 | 10,327,658 | 8,246,921 | 7,754,959 | 6,119,711 | ||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||
accounts receivable | -800,000 | 19,300,000 | -19,800,000 | -100,000 | 5,300,000 | 1,600,000 | 15,700,000 | -15,600,000 | -100,000 | 1,000,000 | 0 | 400,000 | -1,400,000 | 15,000,000 | -13,119,820 | |||||||||||||||
other receivables | 800,000 | 1,100,000 | 4,100,000 | -500,000 | 2,500,000 | -2,900,000 | 100,000 | -2,400,000 | -200,000 | 100,000 | 2,300,000 | -1,200,000 | 900,000 | -100,000 | 4,100,000 | -3,987,934 | 659,891 | -2,240,233 | 2,268,276 | -3,932,021 | 52,684 | 314,121 | 2,402,390 | -1,138,601 | -3,740,142 | 1,067,429 | -213,548 | |||
prepaid expenses and other assets | -600,000 | 3,000,000 | 5,400,000 | -400,000 | -2,700,000 | |||||||||||||||||||||||||
accounts payable and accrued liabilities | -6,800,000 | 16,000,000 | -100,000 | -16,800,000 | -800,000 | -4,900,000 | -2,400,000 | 1,800,000 | -15,700,000 | 1,300,000 | 16,600,000 | 8,200,000 | -8,800,000 | 25,200,000 | 7,700,000 | |||||||||||||||
operating lease liability | -400,000 | -600,000 | -500,000 | -500,000 | -600,000 | -500,000 | -500,000 | -500,000 | -500,000 | -500,000 | -500,000 | -400,000 | -600,000 | |||||||||||||||||
deferred revenue | -15,600,000 | -9,500,000 | -21,800,000 | -22,400,000 | -188,900,000 | -55,500,000 | -95,500,000 | 75,300,000 | -25,300,000 | 43,100,000 | -34,600,000 | -53,200,000 | -29,900,000 | -34,000,000 | -30,300,000 | -31,300,000 | -21,200,000 | -22,783,901 | 726,359,332 | -5,537,716 | -2,537,715 | -215,365 | -5,149,950 | -5,741,205 | -2,211,793 | -3,657,209 | 16,546,923 | -4,016,489 | -4,016,489 | -664,335 |
net cash from operating activities | -69,200,000 | -30,400,000 | -59,100,000 | -95,400,000 | -88,900,000 | -84,100,000 | -128,000,000 | 50,300,000 | -97,500,000 | -83,100,000 | -84,800,000 | -88,700,000 | -91,200,000 | -71,200,000 | -66,600,000 | -78,600,000 | -57,100,000 | -35,754,902 | 681,526,548 | -47,403,181 | -38,968,465 | -29,021,152 | -22,383,835 | -21,401,986 | -16,949,961 | -16,178,523 | 1,853,633 | -13,569,083 | -12,732,369 | -12,254,130 |
capital expenditures | 0 | -100,000 | -1,200,000 | -300,000 | 0 | -700,000 | -700,000 | 0 | -1,100,000 | -300,000 | -1,000,000 | -200,000 | -2,400,000 | -1,000,000 | -2,000,000 | -1,470,532 | -1,568,972 | -279,511 | -880,985 | -2,109,846 | -781,361 | -2,046,994 | -986,622 | -1,737,356 | -1,122,174 | -3,323,908 | 129,322 | -784,356 | ||
free cash flows | -30,400,000 | -59,200,000 | -96,600,000 | -89,200,000 | -84,100,000 | -128,700,000 | 49,600,000 | -83,100,000 | -85,900,000 | -89,000,000 | -92,200,000 | -71,400,000 | -69,000,000 | -79,600,000 | -59,100,000 | -37,225,434 | 679,957,576 | -47,682,692 | -39,849,450 | -31,130,998 | -23,165,196 | -23,448,980 | -17,936,583 | -17,915,879 | 731,459 | -16,892,991 | -12,603,047 | -13,038,486 | ||
cash flows from investing activities: | ||||||||||||||||||||||||||||||
purchases of marketable securities | -178,900,000 | -110,000,000 | -118,000,000 | -119,600,000 | -160,400,000 | -192,500,000 | -247,900,000 | -173,400,000 | -316,600,000 | -175,700,000 | -233,100,000 | -205,900,000 | -263,200,000 | |||||||||||||||||
maturities of marketable securities | 165,000,000 | 120,000,000 | 173,600,000 | 248,000,000 | 189,500,000 | 106,000,000 | 211,600,000 | 206,200,000 | 120,200,000 | 230,500,000 | 234,500,000 | 358,600,000 | 280,300,000 | 204,700,000 | 316,300,000 | 282,000,000 | 273,900,000 | 228,017,691 | 117,924,309 | 48,883,000 | 33,675,000 | 58,716,490 | 27,149,000 | 35,790,968 | 52,462,085 | 49,853,000 | 44,576,816 | 33,250,000 | 42,016,000 | 19,260,526 |
sales of marketable securities | 28,900,000 | 10,000,000 | 7,200,000 | 35,100,000 | 24,800,000 | 33,541,119 | ||||||||||||||||||||||||
purchases of property, equipment and leasehold improvements | -1,300,000 | -100,000 | -1,200,000 | -400,000 | -700,000 | -700,000 | -100,000 | -1,100,000 | -600,000 | -1,100,000 | -2,200,000 | -1,400,000 | -2,100,000 | |||||||||||||||||
net cash from investing activities | 13,700,000 | 145,800,000 | 63,500,000 | 98,900,000 | 50,500,000 | 13,100,000 | -127,800,000 | -53,700,000 | 70,000,000 | 48,600,000 | 138,600,000 | 19,400,000 | 105,800,000 | 109,000,000 | 8,600,000 | -115,633,512 | -741,097,364 | -249,052,071 | -207,817,053 | 56,861,873 | 59,283,295 | 5,610,166 | 42,494,745 | -95,427,922 | -31,814,671 | -4,228,072 | 38,374,102 | -101,861,703 | ||
cash flows from financing activities: | ||||||||||||||||||||||||||||||
repayments of long-term debt | -100,000 | -100,000 | 0 | 0 | -100,000 | -100,000 | 0 | -77,666 | -46,402 | -45,542 | ||||||||||||||||||||
net cash from financing activities | -100,000 | -74,000,000 | -17,800,000 | 500,000 | -100,000 | 500,000 | 2,400,000 | 3,400,000 | 1,600,000 | 334,800,000 | 37,900,000 | 500,000 | 1,500,000 | 500,000 | 1,200,000 | 500,000 | 2,500,000 | 3,998,811 | 266,507,208 | 3,613,289 | 4,480,692 | 471,543,590 | 30,495,805 | 1,279,153 | 1,350,482 | 108,682,027 | 30,754,335 | 353,086 | -45,542 | 111,114,885 |
net decrease in cash and cash equivalents | -55,600,000 | |||||||||||||||||||||||||||||
cash and cash equivalents, beginning of the period | 142,900,000 | 588,373,232 | 0 | 0 | 0 | 9,211,057 | 0 | 0 | 0 | 3,190,056 | 0 | |||||||||||||||||||
cash and cash equivalents, end of the period | 87,300,000 | 346,068,406 | 499,384,311 | 67,395,265 | -14,512,667 | 36,106,323 | -2,924,418 | 793,297 | -17,444,069 | 28,786,247 | -3,000,948 | |||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||
purchases of property, equipment and leasehold improvements unpaid at period end | 100,000 | 300,000 | 100,000 | -200,000 | -200,000 | 400,000 | 100,000 | 424,467 | -220,899 | 187,515 | 108,917 | -255,230 | 625,463 | -223,125 | 375,602 | 51,308 | 65,856 | -437,222 | 509,966 | -162,807 | ||||||||||
net loss | -67,400,000 | -45,100,000 | -49,200,000 | -35,200,000 | -69,400,000 | -154,800,000 | -64,000,000 | -66,600,000 | -81,900,000 | -82,900,000 | -66,200,000 | -70,000,000 | -63,400,000 | -52,995,395 | -46,751,752 | -50,288,562 | -40,964,291 | -41,546,488 | -30,819,866 | -25,226,539 | -21,739,171 | -21,047,716 | -17,675,372 | -17,164,647 | -14,404,492 | -16,087,866 | ||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||
loss on sale of marketable securities | 0 | 0 | 0 | 900,000 | 0 | 300,000 | 173,945 | |||||||||||||||||||||||
net loss on disposal of property, equipment and leasehold improvements | ||||||||||||||||||||||||||||||
collaboration contract asset | 0 | 0 | -29,912 | |||||||||||||||||||||||||||
operating lease liabilities | -301,190 | -310,412 | -250,975 | -246,087 | -236,272 | -186,824 | -182,351 | -176,442 | -130,145 | -93,023 | ||||||||||||||||||||
purchase of marketable securities | -341,733,744 | -864,896,060 | -297,468,045 | -240,502,151 | -1 | 0 | -32,591,049 | -8,605,116 | -143,492,258 | -75,203,457 | -34,591,386 | -3,261,254 | -120,500,680 | |||||||||||||||||
sale of marketable securities | ||||||||||||||||||||||||||||||
purchase of property, equipment and leasehold improvements | -1,894,999 | -1,348,073 | -467,026 | -989,902 | -1,854,616 | -1,406,824 | -1,823,869 | -1,362,224 | -1,788,664 | -1,188,030 | -2,886,686 | -380,644 | -621,549 | |||||||||||||||||
proceeds from disposal of property, equipment and leasehold improvements | ||||||||||||||||||||||||||||||
proceeds from issuance of common stock and pre-funded warrants | ||||||||||||||||||||||||||||||
payment of common stock offering costs | -26,733,480 | |||||||||||||||||||||||||||||
repurchase of common shares | -74,100,000 | |||||||||||||||||||||||||||||
proceeds from exercise of stock options and issuance of espp shares | 200,000 | 0 | 600,000 | 2,400,000 | 3,500,000 | 1,800,000 | 600,000 | 1,900,000 | 500,000 | 1,500,000 | ||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 15,300,000 | -75,100,000 | 66,800,000 | -223,700,000 | 198,000,000 | 23,100,000 | -39,600,000 | 48,900,000 | -51,300,000 | -147,389,603 | 206,936,392 | |||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of the period | 0 | 0 | 0 | 100,500,000 | 0 | 0 | 0 | 317,200,000 | 0 | 0 | 0 | 86,800,000 | 0 | 0 | 0 | 112,800,000 | 26,768 | 0 | ||||||||||||
cash, cash equivalents and restricted cash, end of the period | 33,900,000 | 81,000,000 | 15,300,000 | -75,100,000 | 66,800,000 | 93,500,000 | 198,000,000 | 23,100,000 | -39,600,000 | 135,700,000 | -51,300,000 | 40,400,000 | 30,900,000 | 66,800,000 | -147,362,835 | 206,936,392 | ||||||||||||||
net loss on disposal of property, plant and equipment | ||||||||||||||||||||||||||||||
proceeds from disposal of property, equipment and leaseholds improvements | 0 | |||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -242,304,826 | 499,384,311 | 67,395,265 | -14,512,667 | 26,895,266 | -2,924,418 | 793,297 | -17,444,069 | 25,596,191 | |||||||||||||||||||||
repurchases of common shares unpaid at period end | ||||||||||||||||||||||||||||||
cash paid for taxes | 700,000 | 100,000 | 300,000 | 1,200,000 | 2,000,000 | 100,000 | 3,000,000 | |||||||||||||||||||||||
net cash from by investing activities | 69,500,000 | |||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -19,500,000 | 30,900,000 | -46,000,000 | |||||||||||||||||||||||||||
prepaid expenses and other current assets | -400,000 | -4,100,000 | -1,900,000 | 1,800,000 | -800,000 | 6,200,000 | 6,900,000 | 200,000 | -1,000,000 | -3,300,000 | 2,300,000 | -1,175,535 | -3,294,789 | -7,032,910 | -2,096,766 | -2,653,260 | -139,253 | 161,629 | 243,036 | 217,861 | -1,265,332 | -380,968 | 363,434 | 63,771 | ||||||
proceeds from issuance of common stock | 33,584 | 108,231,973 | ||||||||||||||||||||||||||||
payment of common stock issuance costs | ||||||||||||||||||||||||||||||
repayments of long term debt | -100,000 | -200,000 | -44,698 | |||||||||||||||||||||||||||
forgiveness of debt income | 0 | 0 | ||||||||||||||||||||||||||||
cash paid for interest | 64,792 | 24,375 | -5,417 | 16,250 | 16,250 | 16,250 | 16,250 | 16,250 | 10,834 | 22,152 | 12,871 | 24,563 | 20,145 | |||||||||||||||||
proceeds from sale of common stock in at-the-market offering | 34,807,935 | |||||||||||||||||||||||||||||
payment of common stock offering costs for at-the-market offering | ||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 500,000 | 1,200,000 | 500,000 | 2,500,000 | 3,935,315 | 6,570,704 | 3,613,289 | 4,480,692 | 5,053,822 | 577,303 | 1,279,153 | 1,350,482 | 1,047,185 | 1,377,968 | ||||||||||||||||
accounts payable | -22,600,000 | 26,225,807 | -82,863 | -4,215,086 | 1,772,142 | 2,289,075 | 2,032,814 | -367,912 | -1,911,635 | 2,227,695 | 800,497 | 284,784 | -1,704,241 | 1,297,930 | ||||||||||||||||
accrued expenses | 7,000,000 | 9,290,620 | 296,254 | 5,471,765 | -10,858,639 | 6,266,293 | 4,739,274 | 620,736 | -819,180 | 1,375,933 | 2,227,997 | 1,051,418 | -1,053,720 | 135,683 | ||||||||||||||||
amortization of right to use assets | 311,918 | 305,140 | 233,753 | 228,879 | 225,831 | 169,904 | 184,490 | 140,245 | 186,212 | 180,398 | ||||||||||||||||||||
adjustments to reconcile net loss to net cash used in operating activities: | ||||||||||||||||||||||||||||||
account receivable | 0 | 1,000,000 | 1,444,450 | 59,330 | -59,330 | 0 | 2,775,831 | -2,775,831 | ||||||||||||||||||||||
amortization of debt discount | 0 | 6,167 | 4,491 | 4,491 | 4,490 | |||||||||||||||||||||||||
change in fair value of preferred unit warrant liability | 0 | |||||||||||||||||||||||||||||
gain on sale of marketable securities | -68,045 | |||||||||||||||||||||||||||||
non-cash share/unit-based compensation | ||||||||||||||||||||||||||||||
proceeds from long-term debt | ||||||||||||||||||||||||||||||
proceeds from issuance of series c redeemable convertible preferred units | ||||||||||||||||||||||||||||||
proceeds from exercise of warrant | ||||||||||||||||||||||||||||||
increase in redemption value of preferred units | ||||||||||||||||||||||||||||||
deferred liability | ||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from (used in) operating activities: | ||||||||||||||||||||||||||||||
non-cash compensation | 4,601,214 | 5,312,607 | 5,177,448 | |||||||||||||||||||||||||||
proceeds from long term debt | 0 | |||||||||||||||||||||||||||||
proceeds from sale of redeemable convertible preferred units | ||||||||||||||||||||||||||||||
proceeds from exercise of redeemable convertible preferred warrant | ||||||||||||||||||||||||||||||
deferred offering costs included in accrued expenses | ||||||||||||||||||||||||||||||
change in redemption value of preferred units | ||||||||||||||||||||||||||||||
net accretion of bond discounts/ | ||||||||||||||||||||||||||||||
other receivable |