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 
      
    		                 
      cash flows from operating activities:
    		                 
      net income
    		-25,175,000 -67,785,000 -2,518,000 -5,430,000 -16,237,000 -24,775,000 -23,186,000 -20,413,000 -19,563,000 -19,025,000 -16,520,000 -15,022,000 -13,588,000 -11,991,000 -10,910,000 -8,223,000 -6,184,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                 
      change in fair value of convertible notes payable
    		0                 
      stock-based compensation
    		4,295,000                 
      non-cash lease expense
    		-17,000                 
      accretion/amortization on investments
    		                 
      depreciation expense
    		12,000                3,000 
      changes in operating assets and liabilities:
    		                 
      prepaid expenses and other current assets
    		-413,000 -1,689,000 331,000 381,000 4,683,000 -2,653,000 -2,112,000 611,000 -30,000 -734,000 636,000 302,000 -1,118,000 3,364,000 2,129,000 -4,734,000 -2,065,000 
      accounts payable
    		-4,878,000 5,093,000 -155,000 -684,000 -3,271,000 948,000 835,000 -1,044,000 -2,014,000 773,000 2,121,000 -1,749,000 2,242,000 -712,000 1,587,000 -1,045,000 1,091,000 
      accrued expenses and other current liabilities
    		4,578,000                 
      operating lease liabilities
    		                 
      related party accrued expenses and other current liabilities
    		-332,000                 
      net cash from operating activities
    		-22,124,000 -36,535,000 -2,381,000 -11,047,000 -16,043,000 -20,433,000 -23,673,000 -14,800,000 -15,611,000 -14,943,000 -11,424,000 -14,865,000 -9,720,000 -8,876,000 -5,661,000 -13,093,000 -6,526,000 
      capex
    		-57,000 0 0 0 0 0 0 -64,000 -32,000 -30,000 14,000 -4,000 -33,000 -130,000 57,000 -98,000 -56,000 
      free cash flows
    		-22,181,000 -36,535,000 -2,381,000 -11,047,000 -16,043,000 -20,433,000 -23,673,000 -14,864,000 -15,643,000 -14,973,000 -11,410,000 -14,869,000 -9,753,000 -9,006,000 -5,604,000 -13,191,000 -6,582,000 
      cash flows from investing activities:
    		                 
      purchases of investments
    		                 
      payment of security deposit
    		                 
      purchases of property and equipment
    		-57,000       -64,000 -32,000 -30,000 -16,000 -4,000 -33,000 -130,000 -28,000 -85,000 -56,000 
      net cash from investing activities
    		-148,708,000 -12,986,000 12,850,000 13,129,000 16,067,000 18,000,000 8,833,000 5,648,000 -13,130,000 3,983,000 15,375,000 14,486,000 4,645,000 8,194,000 -20,399,000 -113,338,000 -56,000 
      cash flows from financing activities:
    		                 
      proceeds from issuance of convertible notes payable
    		                 
      payment of deferred offering costs
    		                 
      proceeds from the pre-closing financing, net of 14,548 of offering costs
    		0                 
      cash acquired in connection with the reverse recapitalization
    		0                 
      net cash from financing activities
    		0   554,000 22,000 24,380,000 471,000 463,000 20,000 45,290,000 223,000 357,000 37,000   -250,000 128,310,000 
      effect on exchange rates on cash and cash equivalents
    		                 
      net increase in cash and cash equivalents
    		-170,836,000 141,087,000 10,469,000 2,636,000 46,000 21,947,000 -14,369,000 -8,689,000 -28,721,000 34,330,000 4,174,000 -22,000   -26,060,000   
      cash and cash equivalents at beginning of period
    		0                 
      cash and cash equivalents at end of period
    		-170,836,000                 
      supplemental disclosure of non-cash operating, investing, and financing activities:
    		                 
      unpaid deferred offering costs
    		                 
      deferred offering costs reclassified from other assets to equity
    		0                 
      deferred offering costs in accrued expenses and other current liabilities
    		                 
      deferred offering costs in accounts payable
    		                 
      operating lease liability arising from obtaining right-of-use asset
    		0                 
      prepaids and other current assets acquired in connection with the reverse recapitalization
    		0                 
      other liabilities assumed in connection with the reverse recapitalization
    		0                 
      convertible note principal and non-cash accrued interest converted to common stock and pre-funded warrants
    		0                 
      non-cash exchange of series seed convertible preferred stock for company series a non-voting convertible preferred stock
    		0                 
      other assets
    		                 
      purchases of property and equipment in accounts payable
    		          30,000    85,000 -13,000  
      cash flow from operating activities:
    		                 
      stock-based compensation expense
    		  1,185,000 1,243,000 2,003,000 3,865,000 4,200,000 3,251,000 3,237,000 3,034,000 2,384,000 1,729,000 1,499,000 1,224,000 1,024,000   
      depreciation and amortization expense
    		  4,000 8,000 218,000 28,000 28,000 28,000 25,000 22,000 21,000 20,000 20,000 17,000 11,000   
      accretion of discounts and amortization of premiums on investments
    		  -225,000 -336,000 -461,000 -692,000 -759,000 -939,000 -808,000 -639,000 -671,000 -586,000 -292,000 -61,000 29,000   
      other long-term assets
    		   -226,000 -1,721,000 2,508,000 2,000 -40,000 -15,000 34,000 -89,000 -1,465,000 21,000 -403,000 -25,000 -24,000 -204,000 
      accrued and other liabilities
    		  -1,151,000 -5,761,000 -1,697,000 606,000 -3,061,000 4,051,000 3,394,000 1,838,000 716,000 2,037,000 1,444,000 -306,000 497,000   
      operating lease assets and liabilities
    		  -54,000 -329,000 221,000 11,000 -12,000 -35,000 52,000 -12,000 -31,000 2,000 52,000     
      other liabilities
    		  202,000 -169,000 219,000 -279,000 392,000 -270,000 111,000 -234,000 9,000       
      ​
    		                 
      cash flow from investing activities:
    		                 
      purchases of short-term investments
    		   0 -4,933,000 0 -14,750,000 -27,788,000 -47,848,000 -32,737,000 -15,609,000 -50,260,000 -25,572,000 -38,901,000 -32,890,000   
      maturities of short-term investments
    		  12,850,000 13,129,000 21,000,000 18,000,000 23,583,000 33,500,000 34,750,000 36,750,000 31,000,000       
      cash flow from financing activities:
    		                 
      payments for offering costs
    		   0 0 -74,000 -233,000 0 -75,000         
      proceeds from issuance of common stock upon exercise of stock options
    		   247,000 22,000 511,000 704,000 335,000 95,000         
      cash and cash equivalents at the beginning of the year
    		  33,751,000 0 0 0 23,491,000 0 0 0 22,397,000 0 0 0 54,197,000 0 0 
      cash and cash equivalents at the end of the period
    		  44,220,000 2,636,000 46,000 21,947,000 9,122,000 -8,689,000 -28,721,000 34,330,000 26,571,000 -22,000 -5,038,000 -680,000 28,137,000 -126,681,000 121,728,000 
      supplemental disclosure of noncash investing and financing activities:
    		                 
      right-of-use asset obtained in exchange for operating lease liability
    		   0 0 0 206,000     0 0   -41,000  
      deferred offering costs included in accounts payable
    		      82,000    104,000 -134,000 148,000    -1,651,000 
      impairment of right-of-use asset
    		                 
      proceeds from sale of common stock in connection with atm
    		   307,000 0   0 0         
      proceeds from issuance of common stock under espp
    		   0 0   128,000 0         
      purchases of property and equipment in accounts payable and accrued liabilities
    		                 
      offering costs included in accounts payable
    		                 
      proceeds from exercise of stock options
    		          223,000 443,000      
      sales and maturities of short-term investments
    		           64,750,000 30,250,000 47,225,000 12,519,000   
      proceeds from sale of series a redeemable convertible preferred stock, net of issuance costs
    		               0 0 
      payments for deferred offering costs
    		           -236,000      
      proceeds from issuance of common stock, net of issuance costs
    		               -250,000  
      conversion of redeemable convertible preferred stock to common stock upon initial public offering
    		                 
      net increase in cash
    		               -126,681,000 121,728,000 
      operating lease asset and liability
    		              -3,000 16,000  
      non-cash interest expense
    		                 
      change in fair value of convertible promissory notes to related party
    		                 
      proceeds from issuance of convertible promissory notes to related party
    		                 
      conversion of convertible promissory notes to related party to series a redeemable convertible preferred stock
    		                 
      stock based compensation expense
    		                845,000 
      accrued and other current liabilities
    		                -28,000 
    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.