BridgeBio Pharma, Inc(NASDAQ:BBIO)

BridgeBio Pharma, Inc. engages in the discovery, development, and delivery of various medicines for genetic diseases. The company has a pipeline of 30 development programs that include product candidates ranging from early discovery to late-stage development. Its products in development programs inc...
Website: http://www.bridgebio.com
Founded: 2015
IPO Price: $17 (Jun 27, 2019)
Full Time Employees: 369
CEO: Neil Kumar
Sector: Healthcare
Industry: Biotechnology
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At a glance:
Bull Thesis:
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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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues: | ||||||||||||||||||||||||||||
net product revenue | 180,596,000 | 146,017,000 | 108,111,000 | 71,501,000 | 36,739,000 | |||||||||||||||||||||||
license and services revenue | 4,419,000 | 2,881,000 | 8,311,000 | 37,440,000 | 79,894,000 | 1,826,000 | 1,775,000 | 338,000 | 73,746,000 | |||||||||||||||||||
royalty revenue | 9,500,000 | 5,280,000 | 4,278,000 | 1,624,000 | ||||||||||||||||||||||||
total revenues | 194,515,000 | 154,178,000 | 120,700,000 | 110,565,000 | 116,633,000 | |||||||||||||||||||||||
yoy | 66.78% | |||||||||||||||||||||||||||
qoq | 26.16% | 27.74% | 9.17% | -5.20% | ||||||||||||||||||||||||
operating costs and expenses: | ||||||||||||||||||||||||||||
cost of revenues: | ||||||||||||||||||||||||||||
cost of goods sold | 7,732,000 | 6,777,000 | 4,028,000 | 2,848,000 | 2,034,000 | |||||||||||||||||||||||
cost of license, services, and royalty revenue | 2,207,000 | |||||||||||||||||||||||||||
total cost of revenues | 9,939,000 | 8,107,000 | 6,563,000 | 3,653,000 | 2,639,000 | |||||||||||||||||||||||
research and development | 126,636,000 | 116,417,000 | 112,874,000 | 111,231,000 | 111,431,000 | 130,350,000 | 120,444,000 | 114,695,000 | 140,972,000 | 130,226,000 | 125,136,000 | 107,488,000 | 92,861,000 | 90,902,000 | 92,511,000 | 108,400,000 | 107,649,000 | 122,200,000 | 104,305,000 | 101,960,000 | 122,559,000 | 90,174,000 | 92,050,000 | 86,598,000 | 68,225,000 | 57,485,000 | 55,278,000 | 52,331,000 |
selling, general and administrative | 163,896,000 | 158,085,000 | 137,621,000 | 129,154,000 | 106,365,000 | 94,782,000 | 68,819,000 | 59,523,000 | 65,807,000 | 47,583,000 | 35,777,000 | 36,122,000 | 31,108,000 | 31,862,000 | 31,188,000 | 36,426,000 | 43,713,000 | 54,749,000 | 46,084,000 | 45,970,000 | ||||||||
restructuring, impairment, and related charges | ||||||||||||||||||||||||||||
total operating costs and expenses | 300,471,000 | 293,740,000 | 265,899,000 | 244,843,000 | 221,005,000 | 231,909,000 | 194,482,000 | 177,707,000 | 210,777,000 | 179,161,000 | 161,783,000 | 147,740,000 | 127,989,000 | 131,102,000 | 129,454,000 | 153,922,000 | 175,372,000 | 178,500,000 | 151,843,000 | 148,039,000 | ||||||||
income from operations | -105,956,000 | -139,562,000 | -145,199,000 | -134,278,000 | -104,372,000 | -226,027,000 | -191,750,000 | -175,539,000 | 343,000 | -177,416,000 | -157,692,000 | -146,099,000 | -126,163,000 | -129,232,000 | -129,116,000 | -80,176,000 | -173,678,000 | -165,614,000 | -149,499,000 | -94,015,000 | -167,504,000 | -127,489,000 | -119,939,000 | -124,567,000 | -102,487,000 | -78,638,000 | -54,532,000 | -69,249,000 |
yoy | 1.52% | -38.25% | -24.28% | -23.51% | -30529.15% | 27.40% | 21.60% | 20.15% | -100.27% | 37.28% | 22.13% | 82.22% | -27.36% | -21.97% | -13.63% | -14.72% | 3.69% | 29.90% | 24.65% | -24.53% | 63.44% | 62.12% | 119.94% | 79.88% | ||||
qoq | -24.08% | -3.88% | 8.13% | 28.65% | -53.82% | 17.88% | 9.23% | -51277.55% | -100.19% | 12.51% | 7.94% | 15.80% | -2.37% | 0.09% | 61.04% | -53.84% | 4.87% | 10.78% | 59.02% | -43.87% | 31.39% | 6.29% | -3.72% | 21.54% | 30.33% | 44.21% | -21.25% | |
operating margin % | -54.47% | -90.52% | -120.30% | -121.45% | -89.49% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% |
other income, net: | ||||||||||||||||||||||||||||
interest income | 6,246,000 | 4,332,000 | 6,239,000 | 3,898,000 | 5,385,000 | 4,683,000 | 3,296,000 | 5,195,000 | 4,075,000 | 5,578,000 | 3,793,000 | 4,514,000 | 4,153,000 | 4,092,000 | 2,417,000 | 766,000 | 267,000 | 182,000 | 234,000 | 323,000 | 394,000 | 448,000 | 692,000 | 934,000 | 1,941,000 | 2,410,000 | 2,736,000 | 1,662,000 |
interest expense | -12,942,000 | -11,636,000 | -11,739,000 | -37,637,000 | -42,141,000 | -29,821,000 | -23,061,000 | -22,937,000 | -23,471,000 | -20,268,000 | -20,306,000 | -20,594,000 | -20,121,000 | -19,990,000 | -19,825,000 | -20,279,000 | -20,344,000 | -15,134,000 | -11,067,000 | -10,839,000 | -9,738,000 | -10,962,000 | -10,929,000 | -10,754,000 | -4,010,000 | -3,040,000 | -2,113,000 | -1,941,000 |
noncash interest expense on deferred royalty obligations | -39,873,000 | -38,678,000 | -36,410,000 | |||||||||||||||||||||||||
loss on extinguishment of debt | -21,155,000 | -26,590,000 | ||||||||||||||||||||||||||
net loss from equity method investments | -18,283,000 | -21,029,000 | -15,834,000 | -20,189,000 | -15,556,000 | -16,695,000 | -6,563,000 | |||||||||||||||||||||
other income | 4,253,000 | 11,818,000 | 16,461,000 | 6,548,000 | 8,231,000 | 1,624,000 | 1,797,000 | -632,000 | 9,483,000 | 21,778,000 | -5,283,000 | 1,476,000 | 4,560,000 | 6,331,000 | -10,816,000 | -7,575,000 | 28,284,000 | -684,000 | 2,457,000 | 5,766,000 | 2,978,000 | 9,000 | -1,827,000 | 474,000 | -10,000 | -26,000 | -7,000 | |
total other expense | -60,599,000 | -36,503,000 | ||||||||||||||||||||||||||
net income | -166,555,000 | -194,635,000 | -184,937,000 | -183,758,000 | -169,608,000 | -267,389,000 | -164,254,000 | -75,544,000 | -36,160,000 | -170,328,000 | -179,488,000 | -160,703,000 | -142,732,000 | -140,570,000 | -140,193,000 | -2,559,000 | -201,330,000 | -152,282,000 | -161,016,000 | -102,074,000 | -171,082,000 | -135,025,000 | -130,167,000 | -136,214,000 | -104,082,000 | -84,151,000 | -60,664,000 | |
yoy | -1.80% | -27.21% | 12.59% | 143.25% | 369.05% | 56.98% | -8.49% | -52.99% | -74.67% | 21.17% | 28.03% | 6179.91% | -29.11% | -7.69% | -12.93% | -97.49% | 17.68% | 12.78% | 23.70% | -25.06% | 64.37% | 60.46% | 114.57% | |||||
qoq | -14.43% | 5.24% | 0.64% | 8.34% | -36.57% | 62.79% | 117.43% | 108.92% | -78.77% | -5.10% | 11.69% | 12.59% | 1.54% | 0.27% | 5378.43% | -98.73% | 32.21% | -5.42% | 57.74% | -40.34% | 26.70% | 3.73% | -4.44% | 30.87% | 23.68% | 38.72% | ||
net income margin % | -85.63% | -126.24% | -153.22% | -166.20% | -145.42% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% |
net loss attributable to redeemable convertible noncontrolling interests and noncontrolling interests | 2,512,000 | 1,772,000 | 2,194,000 | 1,855,000 | 2,186,000 | 2,339,000 | 2,214,000 | 2,088,000 | 944,000 | 2,180,000 | 2,489,000 | 2,804,000 | 2,576,000 | 2,979,000 | 2,854,000 | -7,297,000 | 4,933,000 | 5,105,000 | 5,081,000 | 5,726,000 | 8,003,000 | 15,044,000 | 14,308,000 | 15,180,000 | 12,232,000 | 10,693,000 | 684,000 | 8,370,000 |
net loss attributable to common stockholders of bridgebio | -164,043,000 | -192,863,000 | -182,743,000 | -181,903,000 | -167,422,000 | -265,050,000 | -162,040,000 | -73,456,000 | -35,216,000 | -168,148,000 | -176,999,000 | -157,899,000 | -140,156,000 | -137,591,000 | -137,339,000 | -9,856,000 | -196,397,000 | -147,177,000 | -155,935,000 | -96,348,000 | -163,079,000 | -119,981,000 | -115,859,000 | -121,034,000 | -91,850,000 | -73,458,000 | -59,980,000 | |
net income per share | -0.84 | -0.99 | -0.95 | -0.95 | -0.88 | -1.42 | -0.86 | -0.39 | -0.2 | -0.96 | -1.08 | -0.98 | -0.92 | -0.92 | -0.93 | -0.07 | -1.35 | -1.02 | -1.06 | -0.66 | -1.18 | -1.01 | -0.98 | -1.03 | -0.78 | -0.62 | -0.51 | |
weighted-average shares used for eps calculation | 194,789,897 | 191,527,482 | 191,854,152 | 190,517,215 | 190,145,253 | 186,075,873 | 188,510,372 | 187,586,680 | 178,705,310 | 162,791,511 | 163,308,632 | 160,535,435 | 152,645,635 | 147,473,076 | 147,937,817 | 146,684,804 | 145,882,149 | 144,356,619 | 146,662,756 | 146,754,299 | 138,627,729 | 117,995,457 | 118,168,063 | 117,012,062 | 117,803,438 | 105,099,089 | 117,071,188 | |
cost of license, services and royalty revenue | 986,250 | 2,535,000 | 805,000 | |||||||||||||||||||||||||
restructuring, impairment and related charges | 2,554,000 | 8,841,000 | 805,000 | 570,000 | 4,693,000 | 4,621,000 | 2,891,000 | 3,400,000 | 754,000 | 272,000 | 3,531,000 | 3,369,000 | 7,691,000 | 5,016,000 | 8,396,000 | 22,662,000 | ||||||||||||
gain on deconsolidation of subsidiaries | 52,027,000 | |||||||||||||||||||||||||||
loss on extinguishments of debt | ||||||||||||||||||||||||||||
total other income | -55,193,000 | -41,283,000 | -47,380,000 | -65,236,000 | -40,209,000 | 27,496,000 | 99,995,000 | 7,088,000 | -21,796,000 | -14,604,000 | -16,569,000 | -11,338,000 | -11,077,000 | 77,617,000 | -27,652,000 | 13,332,000 | -11,517,000 | -8,059,000 | -3,578,000 | -7,536,000 | -10,228,000 | -11,647,000 | -1,595,000 | -5,513,000 | -6,132,000 | -5,016,000 | ||
income before income taxes | -194,755,000 | -186,482,000 | -181,658,000 | |||||||||||||||||||||||||
provision for income taxes | -120,000 | -1,545,000 | ||||||||||||||||||||||||||
gain on deconsolidation of a subsidiary | 126,294,000 | |||||||||||||||||||||||||||
losses on extinguishments of debt | ||||||||||||||||||||||||||||
income tax expense | 2,100,000 | |||||||||||||||||||||||||||
cost of license and services revenue | 605,000 | |||||||||||||||||||||||||||
revenue | 5,882,000 | 2,732,000 | 2,168,000 | 211,120,000 | 1,745,000 | 4,091,000 | 1,641,000 | |||||||||||||||||||||
cost of revenue | 2,084,000 | 598,000 | 598,000 | 598,000 | 598,000 | 598,000 | 599,000 | |||||||||||||||||||||
net loss from equity method investment | -7,925,000 | |||||||||||||||||||||||||||
other expense, net: | ||||||||||||||||||||||||||||
gain from sale of priority review voucher | 107,946,000 | |||||||||||||||||||||||||||
revenue: | ||||||||||||||||||||||||||||
product sales | 95,000 | 1,459,000 | 2,047,000 | 759,000 | 987,000 | |||||||||||||||||||||||
total revenue | 1,826,000 | 1,870,000 | 338,000 | 73,746,000 | 1,694,000 | 12,886,000 | 2,344,000 | 54,024,000 | ||||||||||||||||||||
cost of license revenue and products sold | 651,000 | 647,000 | 739,000 | 700,000 | 1,348,000 | |||||||||||||||||||||||
other expense | -601,000 | |||||||||||||||||||||||||||
license revenue | 235,000 | 10,839,000 | 1,585,000 | 53,037,000 | 462,000 | 122,000 | 8,127,000 | 13,819,000 | 26,741,000 | |||||||||||||||||||
cost of products sold | 1,172,000 | 1,454,000 | 109,000 | |||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||
general and administrative | 45,407,000 | 37,437,000 | 36,016,000 | 37,969,000 | 34,262,000 | 34,972,000 | 23,495,000 | 16,918,000 | ||||||||||||||||||||
total operating expenses | 167,966,000 | 127,611,000 | 128,066,000 | 124,567,000 | 102,487,000 | 92,457,000 | 81,273,000 | 69,249,000 | ||||||||||||||||||||
cost of license revenue | 2,500,000 | |||||||||||||||||||||||||||
share in net loss of an equity method investment | ||||||||||||||||||||||||||||
loss from ml bio asset acquisition | -416,000 | |||||||||||||||||||||||||||
loss from pellepharm | -4,036,000 | -6,589,000 | -4,956,000 | |||||||||||||||||||||||||
leo call option income | -253,000 | 276,000 | 226,000 | |||||||||||||||||||||||||
net loss and comprehensive loss | -74,265,000 | |||||||||||||||||||||||||||
net loss and comprehensive loss attributable to bridgebio | -65,895,000 | |||||||||||||||||||||||||||
cumulative returns on redeemable convertible preferred units | ||||||||||||||||||||||||||||
net loss attributable to redeemable founder units and redeemable common units | -65,895,000 | |||||||||||||||||||||||||||
net loss per unit attributable to redeemable founder unitholders and redeemable common unitholders, basic and diluted | -3,460 | |||||||||||||||||||||||||||
total weighted-average redeemable founder units and redeemable common units used in computing net loss per unit, basic and diluted | 19,033,838,000 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||
cash and cash equivalents | 879,891,000 | 570,119,000 | 642,951,000 | 748,953,000 | 540,599,000 | 681,101,000 | 266,324,000 | 407,958,000 | 475,222,000 | 375,935,000 | 505,213,000 | 302,438,000 | 407,368,000 | 376,689,000 | 483,235,000 | 470,098,000 | 371,550,000 | 393,772,000 | 180,347,000 | 378,420,000 | 471,176,000 | 356,082,000 | 366,967,000 | 540,919,000 | 757,049,000 | 363,773,000 | 413,973,000 | 293,803,000 |
marketable securities | 60,295,000 | 17,363,000 | 2,991,000 | 7,939,000 | 39,813,000 | 44,469,000 | 30,869,000 | 34,122,000 | 51,580,000 | 75,080,000 | 218,466,000 | 261,904,000 | ||||||||||||||||
accounts receivable | 205,226,000 | 139,444,000 | 116,518,000 | 76,868,000 | 115,265,000 | 4,722,000 | 1,213,000 | |||||||||||||||||||||
inventories | 32,980,000 | 26,753,000 | 24,527,000 | 18,277,000 | 3,954,000 | |||||||||||||||||||||||
prepaid expenses and other current assets | 62,914,000 | 44,070,000 | 52,395,000 | 60,240,000 | 35,355,000 | 34,743,000 | 38,367,000 | 28,396,000 | 28,108,000 | 24,305,000 | 22,583,000 | 20,546,000 | 25,145,000 | 21,922,000 | 25,661,000 | 32,754,000 | 34,021,000 | 32,446,000 | 31,927,000 | 26,670,000 | 25,534,000 | 35,731,000 | 26,703,000 | 20,996,000 | 19,782,000 | 22,629,000 | 22,102,000 | 12,906,000 |
total current assets | 1,241,306,000 | 797,749,000 | 839,382,000 | 912,277,000 | 695,173,000 | 720,692,000 | 444,578,000 | 616,236,000 | 783,424,000 | 477,593,000 | 587,670,000 | 432,884,000 | 552,702,000 | 548,853,000 | 642,219,000 | 771,280,000 | 716,230,000 | 888,858,000 | 639,710,000 | 909,871,000 | 945,114,000 | 642,824,000 | 745,384,000 | 861,935,000 | 924,957,000 | 568,622,000 | 558,155,000 | 306,709,000 |
equity method investments | 61,529,000 | 79,972,000 | ||||||||||||||||||||||||||
property and equipment | 4,941,000 | 5,366,000 | 5,830,000 | 6,107,000 | 6,698,000 | 7,011,000 | 8,701,000 | 9,840,000 | 11,414,000 | 11,816,000 | 12,413,000 | 13,047,000 | 13,566,000 | 14,569,000 | 15,603,000 | 16,873,000 | 17,182,000 | 30,066,000 | 27,741,000 | 26,272,000 | 22,816,000 | 20,325,000 | 16,182,000 | 15,573,000 | 15,755,000 | 5,625,000 | 2,984,000 | 1,865,000 |
operating lease right-of-use assets | 17,226,000 | 8,149,000 | 6,553,000 | 6,186,000 | 7,166,000 | 5,767,000 | 6,439,000 | 7,267,000 | 8,052,000 | 8,027,000 | 9,332,000 | 9,814,000 | 10,532,000 | 10,678,000 | 11,738,000 | 12,850,000 | 13,936,000 | 15,907,000 | 17,108,000 | 15,964,000 | 12,997,000 | 16,508,000 | 9,644,000 | 10,465,000 | 8,855,000 | |||
intangible assets | 27,359,000 | 28,077,000 | 28,795,000 | 29,513,000 | 27,802,000 | 23,926,000 | 24,525,000 | 25,123,000 | 25,721,000 | 26,319,000 | 26,917,000 | 27,515,000 | 28,113,000 | 28,712,000 | 29,310,000 | 29,908,000 | 30,476,000 | 44,934,000 | 46,204,000 | |||||||||
other assets | 18,620,000 | 16,712,000 | 25,522,000 | 18,105,000 | 16,608,000 | 18,195,000 | 20,291,000 | 18,903,000 | 20,722,000 | 22,625,000 | 18,676,000 | 20,401,000 | 20,767,000 | 20,224,000 | 29,870,000 | 31,322,000 | 35,325,000 | 33,027,000 | 33,054,000 | 49,797,000 | 30,179,000 | 23,931,000 | 16,483,000 | 17,254,000 | 17,022,000 | 26,288,000 | 2,598,000 | 9,471,000 |
total assets | 1,370,981,000 | 936,025,000 | 998,250,000 | 1,080,190,000 | 881,638,000 | 919,338,000 | 664,977,000 | 794,375,000 | 849,333,000 | 546,380,000 | 655,008,000 | 503,661,000 | 625,680,000 | 623,036,000 | 728,740,000 | 862,233,000 | 813,149,000 | 1,012,792,000 | 781,524,000 | 1,081,486,000 | 1,093,308,000 | 703,588,000 | 787,693,000 | 905,227,000 | 989,799,000 | 631,679,000 | 640,530,000 | 325,540,000 |
liabilities, redeemable convertible noncontrolling interests and stockholders’ deficit | ||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||
accounts payable | 29,058,000 | 36,228,000 | 18,702,000 | 26,134,000 | 27,525,000 | 9,618,000 | 13,363,000 | 18,126,000 | 4,728,000 | 10,655,000 | 4,472,000 | 3,874,000 | 4,076,000 | 11,558,000 | 10,158,000 | 8,793,000 | 10,107,000 | 11,884,000 | 12,035,000 | 22,329,000 | 10,340,000 | 8,945,000 | 9,839,000 | 12,835,000 | 13,086,000 | 8,852,000 | 10,270,000 | 16,065,000 |
accrued compensation and benefits | 39,338,000 | 76,703,000 | 56,155,000 | 37,187,000 | 33,447,000 | 58,329,000 | 43,541,000 | 29,056,000 | 32,395,000 | 57,370,000 | 33,735,000 | 28,690,000 | 18,869,000 | 31,256,000 | 24,842,000 | 32,609,000 | 15,458,000 | 37,041,000 | 21,560,000 | 21,865,000 | 20,741,000 | 29,682,000 | 18,755,000 | 13,590,000 | 5,647,000 | 13,317,000 | 7,580,000 | 4,736,000 |
accrued research and development liabilities | 54,430,000 | 41,436,000 | 34,619,000 | 31,295,000 | 33,630,000 | 34,272,000 | 40,997,000 | 33,178,000 | 40,933,000 | 29,765,000 | 29,244,000 | 28,298,000 | 37,064,000 | 39,803,000 | 44,564,000 | 50,091,000 | 43,342,000 | 44,138,000 | 37,645,000 | 55,620,000 | 33,423,000 | 27,290,000 | 24,901,000 | 37,241,000 | 29,522,000 | 20,896,000 | 13,198,000 | 9,419,000 |
operating lease liabilities, current portion | 4,439,000 | 6,192,000 | 5,294,000 | 4,782,000 | 5,209,000 | 4,506,000 | 4,600,000 | 4,623,000 | 4,544,000 | 4,128,000 | 4,137,000 | 3,776,000 | 3,674,000 | 3,675,000 | 4,044,000 | 4,310,000 | 4,363,000 | 4,938,000 | 4,999,000 | 4,540,000 | 3,807,000 | 3,795,000 | 3,617,000 | 3,627,000 | 2,510,000 | |||
deferred revenue, current portion | 6,115,000 | 7,190,000 | 9,087,000 | 10,540,000 | 11,620,000 | 14,604,000 | 11,771,000 | 15,098,000 | 13,957,000 | 6,096,000 | 6,592,000 | 6,210,000 | 6,675,000 | 8,156,000 | 7,518,000 | 7,190,000 | ||||||||||||
2027 notes | 547,483,000 | 547,015,000 | 546,549,000 | 546,088,000 | 545,628,000 | 545,173,000 | 544,719,000 | 544,270,000 | 543,823,000 | 543,379,000 | 542,938,000 | 542,501,000 | 542,065,000 | 541,634,000 | 541,205,000 | 540,779,000 | 540,355,000 | 539,934,000 | 539,517,000 | 539,102,000 | 538,690,000 | 383,436,000 | 378,502,000 | 373,651,000 | 368,923,000 | |||
other current liabilities | 135,509,000 | 120,222,000 | 92,743,000 | 65,916,000 | 40,674,000 | |||||||||||||||||||||||
total current liabilities | 816,372,000 | 287,971,000 | 216,600,000 | 175,854,000 | 152,105,000 | 154,400,000 | 139,216,000 | 134,364,000 | 141,477,000 | 143,844,000 | 106,065,000 | 110,120,000 | 96,596,000 | 121,428,000 | 119,194,000 | 141,160,000 | 103,463,000 | 135,069,000 | 95,823,000 | 131,909,000 | 94,729,000 | 95,648,000 | 75,707,000 | 92,640,000 | 64,914,000 | 60,385,000 | 39,858,000 | 38,705,000 |
2033 notes | 619,631,000 | |||||||||||||||||||||||||||
2031 notes | 565,045,000 | 564,565,000 | 564,087,000 | 563,597,000 | 563,124,000 | |||||||||||||||||||||||
2029 notes | 741,402,000 | 740,890,000 | 740,380,000 | 739,874,000 | 739,372,000 | 738,872,000 | 738,376,000 | 737,882,000 | 737,392,000 | 736,905,000 | 736,422,000 | 735,940,000 | 735,463,000 | 734,988,000 | 734,516,000 | 734,047,000 | 733,581,000 | 733,119,000 | 732,659,000 | 732,202,000 | 731,747,000 | |||||||
deferred royalty obligations | 871,185,000 | 855,030,000 | 836,126,000 | 813,959,000 | ||||||||||||||||||||||||
operating lease liabilities, net of current portion | 14,216,000 | 3,811,000 | 3,427,000 | 4,025,000 | 4,915,000 | 4,696,000 | 5,833,000 | 7,059,000 | 8,297,000 | 8,981,000 | 9,812,000 | 10,916,000 | 11,904,000 | 12,274,000 | 13,000,000 | 14,276,000 | 15,494,000 | 17,428,000 | 18,683,000 | 18,022,000 | 13,862,000 | 14,677,000 | 8,236,000 | 9,117,000 | 8,678,000 | |||
deferred revenue, net of current portion | 11,776,000 | 13,080,000 | 13,131,000 | 14,667,000 | 17,508,000 | 17,095,000 | 18,627,000 | 16,961,000 | 19,890,000 | |||||||||||||||||||
other long-term liabilities | 229,000 | 244,000 | 679,000 | 545,000 | 352,000 | 286,000 | 377,000 | 485,000 | 595,000 | 9,361,000 | 11,785,000 | 13,326,000 | 17,501,000 | 26,643,000 | 28,226,000 | 28,631,000 | 26,829,000 | 22,069,000 | 27,578,000 | |||||||||
total liabilities | 3,639,856,000 | 3,012,606,000 | 2,920,979,000 | 2,858,609,000 | 2,520,303,000 | 2,376,950,000 | 1,883,369,000 | 1,876,468,000 | 1,886,191,000 | 1,888,915,000 | 1,848,743,000 | 1,853,299,000 | 1,839,293,000 | 1,867,960,000 | 1,859,113,000 | 1,877,246,000 | 1,853,836,000 | 1,878,371,000 | 1,517,398,000 | 1,537,111,000 | 1,481,402,000 | 595,702,000 | 569,306,000 | 577,715,000 | 537,728,000 | 155,703,000 | 116,263,000 | 114,049,000 |
commitments and contingencies | ||||||||||||||||||||||||||||
redeemable convertible noncontrolling interests | -951,000 | -570,000 | 23,000 | -445,000 | -227,000 | 142,000 | 645,000 | -223,000 | 525,000 | 478,000 | 1,403,000 | 333,000 | -204,000 | -1,589,000 | -2,388,000 | -1,499,000 | 336,000 | 1,423,000 | 2,967,000 | 1,865,000 | 1,271,000 | 1,630,000 | 2,574,000 | 1,906,000 | 3,053,000 | 2,243,000 | 2,570,000 | 175,000 |
stockholders’ deficit: | ||||||||||||||||||||||||||||
undesignated preferred stock, 0.001 par value... | ||||||||||||||||||||||||||||
common stock, 0.001 par value... | 204,000 | 202,000 | 200,000 | 198,000 | 197,000 | 196,000 | 195,000 | 194,000 | 193,000 | 181,000 | 180,000 | 168,000 | 167,000 | 157,000 | 156,000 | 154,000 | 154,000 | 154,000 | 153,000 | 153,000 | 152,000 | 125,000 | 125,000 | 125,000 | 124,000 | 124,000 | 117,000 | |
treasury stock | -405,776,000 | -323,276,000 | -323,276,000 | -323,276,000 | -323,276,000 | -275,000,000 | -275,000,000 | -275,000,000 | -275,000,000 | -275,000,000 | -275,000,000 | -275,000,000 | -275,000,000 | -275,000,000 | -275,000,000 | -275,000,000 | -275,000,000 | -275,000,000 | -275,000,000 | -130,308,000 | -125,000,000 | -75,000,000 | -75,000,000 | -75,000,000 | -75,000,000 | |||
additional paid-in capital | 2,112,454,000 | 2,057,646,000 | 2,018,335,000 | 1,980,805,000 | 1,938,369,000 | 1,903,155,000 | 1,876,091,000 | 1,851,058,000 | 1,820,994,000 | 1,481,032,000 | 1,459,596,000 | 1,128,100,000 | 1,106,635,000 | 938,703,000 | 917,333,000 | 892,960,000 | 867,596,000 | 841,530,000 | 821,220,000 | 799,679,000 | 767,117,000 | 1,021,344,000 | 1,006,944,000 | 992,691,000 | 986,746,000 | 848,107,000 | 826,062,000 | |
accumulated other comprehensive income | -8,000 | 12,000 | 2,000 | 1,000 | 8,000 | 5,000 | -4,000 | 2,000 | 31,000 | 34,000 | 63,000 | -132,000 | 19,000 | 36,000 | -57,000 | 192,000 | 461,000 | 858,000 | 726,000 | 254,000 | 152,000 | |||||||
accumulated deficit | -3,985,237,000 | -3,821,194,000 | -3,628,331,000 | -3,445,588,000 | -3,263,685,000 | -3,096,263,000 | -2,831,213,000 | -2,669,173,000 | -2,595,717,000 | -2,560,501,000 | -2,392,353,000 | -2,215,354,000 | -2,057,455,000 | -1,918,149,000 | -1,780,558,000 | -1,643,219,000 | -1,633,363,000 | -1,436,966,000 | -1,289,789,000 | -1,133,854,000 | -1,037,506,000 | -888,755,000 | -768,774,000 | -652,915,000 | -531,881,000 | -440,031,000 | -366,573,000 | -326,068,000 |
total bridgebio stockholders’ deficit | -2,278,363,000 | -2,086,610,000 | -1,933,070,000 | -1,787,860,000 | -1,648,395,000 | -1,467,904,000 | -1,229,922,000 | -1,092,925,000 | -1,049,528,000 | -1,354,257,000 | -1,207,543,000 | -1,362,023,000 | -1,225,665,000 | -1,254,617,000 | -1,138,417,000 | -1,025,532,000 | -1,040,996,000 | |||||||||||
noncontrolling interests | 10,439,000 | 10,599,000 | 10,318,000 | 9,886,000 | 9,957,000 | 10,150,000 | 10,885,000 | 11,055,000 | 12,145,000 | 11,244,000 | 12,405,000 | 12,052,000 | 12,256,000 | 11,282,000 | 10,432,000 | 12,018,000 | -27,000 | 3,412,000 | 4,556,000 | 6,804,000 | 5,929,000 | 48,350,000 | 52,057,000 | 59,847,000 | 68,303,000 | 65,279,000 | 61,939,000 | 48,391,000 |
total stockholders’ deficit | -2,267,924,000 | -2,076,011,000 | -1,922,752,000 | -1,777,974,000 | -1,638,438,000 | -1,457,754,000 | -1,219,037,000 | -1,081,870,000 | -1,037,383,000 | -1,343,013,000 | -1,195,138,000 | -1,349,971,000 | -1,213,409,000 | -1,243,335,000 | -1,127,985,000 | -1,013,514,000 | -1,041,023,000 | |||||||||||
total liabilities, redeemable convertible noncontrolling interests and stockholders’ deficit | 1,370,981,000 | 936,025,000 | 998,250,000 | 1,080,190,000 | 881,638,000 | 919,338,000 | 664,977,000 | 794,375,000 | 849,333,000 | 546,380,000 | 655,008,000 | 503,661,000 | 625,680,000 | 623,036,000 | 728,740,000 | 862,233,000 | 813,149,000 | |||||||||||
term loan | 437,337,000 | 436,221,000 | 435,447,000 | 434,717,000 | 446,445,000 | 441,721,000 | 440,496,000 | 435,764,000 | 430,993,000 | 422,972,000 | 418,353,000 | 434,114,000 | ||||||||||||||||
investment in nonconsolidated entities | 92,168,000 | 108,002,000 | 128,191,000 | 143,747,000 | 160,443,000 | |||||||||||||||||||||||
deferred royalty obligation | 497,299,000 | 479,091,000 | ||||||||||||||||||||||||||
investments in equity securities | ||||||||||||||||||||||||||||
restricted cash | 126,000 | 139,409,000 | 139,409,000 | 131,000 | 16,653,000 | 16,652,000 | 19,930,000 | 25,503,000 | 37,930,000 | |||||||||||||||||||
accrued professional and other accrued liabilities | 33,071,000 | 24,944,000 | 34,283,000 | 44,920,000 | 35,830,000 | 27,885,000 | 39,272,000 | |||||||||||||||||||||
receivables from licensing and collaboration agreements | 478,000 | 660,000 | 235,494,000 | |||||||||||||||||||||||||
investment in nonconsolidated entity | 117,006,000 | |||||||||||||||||||||||||||
investment in equity securities | 58,949,000 | 38,052,000 | 50,487,000 | 49,803,000 | 43,653,000 | 33,662,000 | 27,141,000 | 37,772,000 | 49,148,000 | 17,707,000 | 18,894,000 | |||||||||||||||||
receivable from licensing and collaboration agreements | 1,751,000 | 5,170,000 | 8,614,000 | 10,761,000 | 17,079,000 | 24,581,000 | 22,821,000 | 10,983,000 | 19,749,000 | 7,710,000 | 35,363,000 | |||||||||||||||||
accrued professional services | 4,015,000 | 1,790,000 | 4,230,000 | 6,183,000 | 5,411,000 | 6,786,000 | 4,976,000 | 6,378,000 | 4,518,000 | 5,579,000 | 4,706,000 | 8,609,000 | 3,145,000 | 2,222,000 | ||||||||||||||
other accrued liabilities | 22,223,000 | 25,190,000 | 23,838,000 | 31,984,000 | 24,782,000 | 30,282,000 | 14,608,000 | 21,177,000 | 18,254,000 | 13,349,000 | 8,691,000 | 11,462,000 | 7,465,000 | 3,020,000 | 4,789,000 | 4,188,000 | ||||||||||||
accumulated other comprehensive loss | -12,000 | -328,000 | -348,000 | -427,000 | -383,000 | |||||||||||||||||||||||
short-term marketable securities | 393,743,000 | 419,264,000 | 459,243,000 | 447,942,000 | 251,011,000 | 343,714,000 | 300,020,000 | 148,126,000 | 182,220,000 | 122,080,000 | ||||||||||||||||||
liabilities, redeemable convertible noncontrolling interests and stockholders’ equity | ||||||||||||||||||||||||||||
leo call option liability | 5,550,000 | 5,198,000 | 5,276,000 | 3,539,000 | 4,078,000 | 4,021,000 | 4,297,000 | |||||||||||||||||||||
term loans, current portion | 3,646,000 | 1,458,000 | ||||||||||||||||||||||||||
term loans, net of current portion | 430,752,000 | 103,138,000 | 102,611,000 | 90,762,000 | 92,421,000 | |||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||
total bridgebio stockholders’ equity | -870,414,000 | -743,397,000 | -464,294,000 | -395,294,000 | 57,906,000 | |||||||||||||||||||||||
total stockholders’ equity | -867,002,000 | -738,841,000 | -457,490,000 | -389,365,000 | 106,256,000 | |||||||||||||||||||||||
total liabilities, redeemable convertible noncontrolling interests and stockholders’ equity | 1,012,792,000 | 781,524,000 | 1,081,486,000 | 1,093,308,000 | 703,588,000 | 787,693,000 | 905,227,000 | 989,799,000 | 631,679,000 | 640,530,000 | ||||||||||||||||||
receivable from a related party | 462,000 | 8,962,000 | 462,000 | 8,000,000 | ||||||||||||||||||||||||
long-term marketable securities | 60,688,000 | 82,202,000 | 23,210,000 | 31,144,000 | 75,886,000 | |||||||||||||||||||||||
other liabilities | 13,265,000 | 11,612,000 | 9,520,000 | 13,469,000 | 9,399,000 | 2,797,000 | 3,527,000 | 1,388,000 | 347,000 | |||||||||||||||||||
build-to-suit lease obligation | 8,000,000 | |||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||
term loans, noncurrent | 93,392,000 | 92,908,000 | 92,416,000 | 91,791,000 | 75,017,000 | 74,997,000 | ||||||||||||||||||||||
total bridgebio stockholders' equity | 163,756,000 | 265,759,000 | 380,715,000 | 408,454,000 | 459,758,000 | |||||||||||||||||||||||
total stockholders' equity | 215,813,000 | 325,606,000 | 449,018,000 | 473,733,000 | 521,697,000 | |||||||||||||||||||||||
investments in nonconsolidated entities | ||||||||||||||||||||||||||||
accrued distributions to stockholders | ||||||||||||||||||||||||||||
pellepharm investment | 907,000 | 7,495,000 | ||||||||||||||||||||||||||
liabilities, redeemable convertible preferred units, redeemable founder units, redeemable common units, management incentive units, redeemable convertible noncontrolling interests, and members’ deficit | ||||||||||||||||||||||||||||
accrued distributions to unitholders | ||||||||||||||||||||||||||||
redeemable convertible preferred units | 479,044,000 | |||||||||||||||||||||||||||
redeemable founder units | 1,754,000 | |||||||||||||||||||||||||||
redeemable common units | 1,672,000 | |||||||||||||||||||||||||||
management incentive units | 6,523,000 | |||||||||||||||||||||||||||
members’ deficit: | ||||||||||||||||||||||||||||
total bridgebio members’ deficit | -326,068,000 | |||||||||||||||||||||||||||
total members’ deficit | -277,677,000 | |||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred units, redeemable founder units, redeemable common units, management incentive units, redeemable convertible noncontrolling interests, and members’ deficit | 325,540,000 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | |||||||||||||||||||||||||||
net loss | -166,555,000 | -194,635,000 | -184,937,000 | -183,758,000 | -169,608,000 | -267,389,000 | -164,254,000 | -160,703,000 | -142,732,000 | -140,570,000 | -140,193,000 | -2,559,000 | -201,330,000 | -152,282,000 | -161,016,000 | -102,074,000 | -171,082,000 | -135,025,000 | -130,167,000 | -136,214,000 | -104,082,000 | -84,151,000 | -60,733,000 | ||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||
stock-based compensation | 33,242,000 | 34,639,000 | 35,262,000 | 37,241,000 | 25,882,000 | 30,127,000 | 27,162,000 | 21,454,000 | 17,057,000 | 37,025,000 | 22,600,000 | 27,178,000 | 21,907,000 | 21,789,000 | 17,361,000 | 28,287,000 | 24,122,000 | 19,774,000 | 16,042,000 | 30,112,000 | 33,577,000 | 12,146,000 | 17,699,000 | 18,392,000 | 10,222,000 | ||
net loss from equity method investments | 18,283,000 | 21,029,000 | 15,834,000 | 20,189,000 | 15,556,000 | 16,695,000 | |||||||||||||||||||||
noncash interest expense on deferred royalty obligations | 39,873,000 | 38,678,000 | |||||||||||||||||||||||||
change in fair value of the embedded derivative associated with the deferred royalty obligation | -2,158,000 | -8,590,000 | |||||||||||||||||||||||||
amortization of debt discount and issuance costs | 1,819,000 | 1,452,000 | |||||||||||||||||||||||||
depreciation and amortization | 1,186,000 | 1,435,000 | 1,398,000 | 1,317,000 | 1,284,000 | 1,367,000 | 1,538,000 | 1,574,000 | 1,596,000 | 1,585,000 | 1,639,000 | 1,637,000 | 1,633,000 | 1,660,000 | 1,645,000 | 1,582,000 | 1,884,000 | 1,526,000 | 265,000 | 374,000 | |||||||
noncash lease expense | 1,466,000 | 1,459,000 | 1,213,000 | 1,236,000 | 994,000 | 991,000 | 1,026,000 | 1,024,000 | 1,069,000 | 1,008,000 | 1,000,000 | 992,000 | 1,032,000 | 1,545,000 | 1,533,000 | ||||||||||||
loss on extinguishment of debt | 21,155,000 | 0 | 0 | 0 | 26,590,000 | ||||||||||||||||||||||
other noncash adjustments | 306,000 | -434,000 | 4,247,000 | -1,491,000 | -3,973,000 | -697,000 | -148,000 | -3,542,000 | 1,631,000 | 565,000 | -56,000 | -125,000 | -203,000 | -4,083,000 | 945,000 | 3,138,000 | 604,000 | -1,421,000 | 1,307,000 | 2,110,000 | 5,096,000 | -4,643,000 | 4,844,000 | 1,446,000 | 1,034,000 | ||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||
accounts receivable | -65,782,000 | -22,926,000 | -39,650,000 | 38,397,000 | -110,543,000 | ||||||||||||||||||||||
inventories | -7,053,000 | -1,951,000 | -6,774,000 | -13,389,000 | -3,193,000 | ||||||||||||||||||||||
prepaid expenses and other current assets | -18,845,000 | 8,750,000 | 5,218,000 | -22,258,000 | -487,000 | 3,625,000 | -11,037,000 | -3,161,000 | -3,345,000 | -1,722,000 | -2,037,000 | 4,599,000 | -3,542,000 | 3,599,000 | 7,093,000 | -364,000 | -2,657,000 | -519,000 | -5,143,000 | -48,000 | 1,448,000 | -1,668,000 | -7,025,000 | -1,212,000 | 2,846,000 | -951,000 | -9,196,000 |
other assets | -1,795,000 | 545,000 | 742,000 | -1,761,000 | 1,587,000 | 1,970,000 | -1,370,000 | 498,000 | 444,000 | -2,989,000 | 1,411,000 | 515,000 | -483,000 | 876,000 | 1,404,000 | 790,000 | 7,901,000 | -886,000 | -3,207,000 | 390,000 | -6,113,000 | -1,952,000 | 771,000 | -231,000 | -734,000 | -15,265,000 | 413,000 |
accounts payable | -7,170,000 | 17,525,000 | -7,432,000 | -1,055,000 | 17,571,000 | -3,745,000 | -3,601,000 | 14,785,000 | -5,927,000 | 6,184,000 | 694,000 | -298,000 | -3,800,000 | 1,376,000 | 1,365,000 | -1,276,000 | -1,814,000 | 1,473,000 | -11,665,000 | 11,233,000 | 1,792,000 | -1,282,000 | -3,436,000 | -251,000 | 4,234,000 | -1,418,000 | -3,385,000 |
accrued compensation and benefits | -37,476,000 | 19,810,000 | 18,849,000 | 3,726,000 | -19,363,000 | 11,406,000 | 13,958,000 | 6,591,000 | -14,969,000 | 11,958,000 | 6,915,000 | 7,298,000 | -18,369,000 | 6,760,000 | 280,000 | 7,474,000 | -16,876,000 | 11,821,000 | 4,051,000 | 4,487,000 | -12,981,000 | 6,194,000 | 4,446,000 | 5,619,000 | -7,670,000 | 5,737,000 | 2,844,000 |
accrued research and development liabilities | 12,994,000 | 6,816,000 | 3,324,000 | -2,335,000 | -642,000 | -6,725,000 | 8,387,000 | -4,101,000 | 11,168,000 | 689,000 | 778,000 | -8,766,000 | -2,556,000 | -4,761,000 | -5,501,000 | 6,771,000 | -818,000 | 6,492,000 | 2,223,000 | -3,671,000 | 6,134,000 | 2,166,000 | -12,341,000 | 7,719,000 | 8,626,000 | 7,697,000 | 3,779,000 |
operating lease liabilities | -1,852,000 | -1,790,000 | -1,640,000 | -1,647,000 | -1,470,000 | -1,443,000 | -1,478,000 | -1,386,000 | -1,595,000 | -1,158,000 | -1,228,000 | -1,193,000 | -1,250,000 | -1,426,000 | -1,471,000 | -1,528,000 | -1,820,000 | -1,648,000 | -1,698,000 | -1,438,000 | -1,338,000 | -1,163,000 | -891,000 | -862,000 | -556,000 | ||
deferred revenue | -2,379,000 | -1,948,000 | -2,989,000 | -3,920,000 | -2,571,000 | 1,300,000 | -1,661,000 | -1,788,000 | 24,024,000 | -974,000 | -1,280,000 | -1,436,000 | -1,748,000 | -1,707,000 | 328,000 | ||||||||||||
other liabilities | 4,617,000 | 24,780,000 | 0 | 83,000 | |||||||||||||||||||||||
net cash from operating activities | -197,279,000 | -56,420,000 | -109,574,000 | -80,681,000 | -199,235,000 | -195,326,000 | -180,566,000 | 74,703,000 | -219,537,000 | -124,819,000 | -145,226,000 | -113,353,000 | -144,322,000 | -93,243,000 | -135,163,000 | -30,453,000 | -160,635,000 | -133,895,000 | -121,561,000 | -91,713,000 | -150,765,000 | -96,261,000 | -131,684,000 | -87,849,000 | -83,920,000 | -76,203,000 | -49,996,000 |
capital expenditures | -69,000 | -33,000 | -470,000 | 0 | -47,000 | -137,000 | -54,000 | -695,000 | -435,000 | -431,000 | -428,000 | -12,000 | -801,000 | -759,000 | -2,402,000 | -859,000 | -2,536,000 | -6,462,000 | -2,287,000 | -1,961,000 | -2,146,000 | -549,000 | -346,000 | -4,477,000 | -1,747,000 | -381,000 | |
free cash flows | -197,348,000 | -56,453,000 | -110,044,000 | -80,681,000 | -195,373,000 | -180,703,000 | 74,649,000 | -220,232,000 | -125,254,000 | -145,657,000 | -113,781,000 | -144,334,000 | -94,044,000 | -135,922,000 | -32,855,000 | -161,494,000 | -136,431,000 | -128,023,000 | -94,000,000 | -152,726,000 | -98,407,000 | -132,233,000 | -88,195,000 | -88,397,000 | -77,950,000 | -50,377,000 | |
investing activities: | |||||||||||||||||||||||||||
purchases of marketable securities | -52,666,000 | -17,321,000 | -2,968,000 | 0 | 0 | -49,416,000 | -44,395,000 | 0 | -9,972,000 | -2,858,000 | -15,024,000 | -63,889,000 | -55,722,000 | -14,414,000 | -65,544,000 | -130,643,000 | -379,291,000 | -18,050,000 | -101,001,000 | -15,154,000 | |||||||
maturities of marketable securities | 10,000,000 | 3,000,000 | 0 | 40,000,000 | 0 | 41,000,000 | 23,550,000 | 18,000,000 | 26,869,000 | 158,900,000 | 107,224,000 | 186,695,000 | 75,000,000 | 66,266,000 | 139,734,000 | 99,200,000 | 110,121,000 | 56,500,000 | 40,016,000 | 42,500,000 | |||||||
payment for an intangible asset | -1,595,000 | -3,190,000 | -1,595,000 | -2,393,000 | -797,000 | 0 | |||||||||||||||||||||
purchases of property and equipment | -69,000 | -33,000 | -470,000 | -47,000 | -137,000 | -54,000 | -695,000 | -435,000 | -431,000 | -428,000 | -12,000 | -801,000 | -759,000 | -2,402,000 | -859,000 | -2,536,000 | -6,462,000 | -2,287,000 | -1,961,000 | -2,146,000 | -549,000 | -346,000 | -4,477,000 | -1,747,000 | -381,000 | ||
net cash from investing activities | -42,735,000 | -14,354,000 | 4,464,000 | -13,002,000 | -1,595,000 | -3,237,000 | 38,226,000 | 3,039,000 | 22,753,000 | -66,000 | 37,682,000 | 4,119,000 | 12,298,000 | 17,965,000 | 146,857,000 | 149,702,000 | 138,623,000 | 21,800,000 | 58,968,000 | 458,000 | -282,052,000 | 83,018,000 | -45,050,000 | -128,984,000 | 38,023,000 | -16,901,000 | -197,342,000 |
financing activities: | |||||||||||||||||||||||||||
proceeds from issuance of 2033 notes | 632,500,000 | ||||||||||||||||||||||||||
issuance costs and discounts associated with 2033 notes | -12,796,000 | ||||||||||||||||||||||||||
proceeds from issuance of 2031 notes | 0 | 0 | 0 | 575,000,000 | |||||||||||||||||||||||
issuance costs and discounts associated with 2031 notes | 0 | 0 | 0 | -12,034,000 | |||||||||||||||||||||||
repurchase of common stock | -82,500,000 | 0 | 0 | 0 | -48,276,000 | -5,308,000 | -50,000,000 | 0 | 0 | 0 | -75,000,000 | ||||||||||||||||
repayment of term loans | 0 | 0 | 0 | -459,000,000 | |||||||||||||||||||||||
repayments of deferred royalty obligations | -11,293,000 | -8,564,000 | |||||||||||||||||||||||||
proceeds from common stock issuances under espp | 5,466,000 | 0 | 3,177,000 | ||||||||||||||||||||||||
proceeds from stock option exercises, net of repurchases | 22,589,000 | 13,212,000 | 4,843,000 | 7,159,000 | 2,521,000 | 2,848,000 | 30,000 | 241,000 | 537,000 | 786,000 | 4,910,000 | 119,000 | 193,000 | 57,000 | 449,000 | 56,000 | 104,000 | 2,349,000 | 3,078,000 | 3,752,000 | 7,464,000 | 10,002,000 | 820,000 | 1,367,000 | 734,000 | ||
transactions with noncontrolling interests | 600,000 | 0 | 750,000 | 800,000 | -2,301,000 | 3,430,000 | |||||||||||||||||||||
repurchase of rsu shares to satisfy tax withholding | -4,074,000 | -7,430,000 | -3,025,000 | -1,995,000 | -1,776,000 | -1,404,000 | -1,443,000 | -1,743,000 | -2,936,000 | ||||||||||||||||||
net cash from financing activities | 549,892,000 | -2,182,000 | -894,000 | 302,041,000 | 60,328,000 | 473,931,000 | 707,000 | -5,729,000 | 279,548,000 | -4,523,000 | 307,040,000 | -1,231,000 | 150,249,000 | 6,377,000 | 1,445,000 | -20,796,000 | -160,000 | 325,381,000 | -135,456,000 | -1,391,000 | 547,912,000 | 4,531,000 | 2,782,000 | 703,000 | 439,173,000 | 42,904,000 | 367,508,000 |
net increase in cash, cash equivalents, and restricted cash | 309,878,000 | ||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 572,140,000 | ||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | 882,018,000 | ||||||||||||||||||||||||||
loss on extinguishments of debt | 0 | ||||||||||||||||||||||||||
noncash income from equity method investments | |||||||||||||||||||||||||||
loss on deconsolidation of subsidiaries | 0 | -52,027,000 | |||||||||||||||||||||||||
gain from investment in equity securities | 0 | -8,136,000 | |||||||||||||||||||||||||
accrual of payment-in-kind interest on term loan | 3,465,000 | 0 | 3,403,000 | 3,339,000 | |||||||||||||||||||||||
purchases of investments in equity securities | 0 | 0 | 0 | -20,271,000 | |||||||||||||||||||||||
proceeds from sales of investments in equity securities | 0 | 0 | 0 | 63,229,000 | |||||||||||||||||||||||
proceeds from special cash dividends received from an investment in equity securities | 0 | ||||||||||||||||||||||||||
payment for intangible assets | 0 | -2,400,000 | |||||||||||||||||||||||||
decrease in cash and cash equivalents resulting from deconsolidation of subsidiaries | 0 | -42,000 | |||||||||||||||||||||||||
proceeds from a royalty obligation under the royalty purchase agreement | 0 | ||||||||||||||||||||||||||
issuance costs associated with a royalty obligation under the royalty purchase agreement | 0 | ||||||||||||||||||||||||||
proceeds from royalty obligation under funding agreement | |||||||||||||||||||||||||||
issuance costs and discounts associated with royalty obligation under funding agreement | |||||||||||||||||||||||||||
proceeds from term loan under the amended financing agreement | |||||||||||||||||||||||||||
issuance costs and discounts associated with term loan under the amended financing agreement | |||||||||||||||||||||||||||
proceeds from issuance of common stock through public offerings | 0 | -18,000 | -495,000 | 315,254,000 | |||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of year | |||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of year | |||||||||||||||||||||||||||
noncash income from an equity method investment | |||||||||||||||||||||||||||
gain on deconsolidation of subsidiaries | |||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -106,004,000 | 208,358,000 | -140,502,000 | 275,368,000 | -141,633,000 | 72,013,000 | 82,764,000 | -129,408,000 | 199,496,000 | -110,465,000 | 18,225,000 | -68,901,000 | 13,139,000 | 98,453,000 | -22,172,000 | 213,286,000 | -198,049,000 | -92,646,000 | 115,095,000 | -8,712,000 | -173,952,000 | -216,130,000 | 393,276,000 | -50,200,000 | 120,170,000 | ||
cash, cash equivalents and restricted cash at beginning of period | 0 | 0 | 683,244,000 | 0 | 0 | 394,732,000 | 0 | 0 | 0 | 416,884,000 | 0 | 0 | 396,365,000 | 0 | 0 | 0 | 358,679,000 | 0 | 0 | 0 | 364,197,000 | 0 | 0 | ||||
cash, cash equivalents and restricted cash at end of period | -106,004,000 | 208,358,000 | 542,742,000 | -141,633,000 | 72,013,000 | 477,496,000 | -129,408,000 | 199,496,000 | -110,465,000 | 435,109,000 | 13,139,000 | 98,453,000 | 374,193,000 | 213,286,000 | -198,049,000 | -92,646,000 | 473,774,000 | -8,712,000 | -173,952,000 | -216,130,000 | 757,473,000 | -50,200,000 | 120,170,000 | ||||
losses on extinguishments of debt | |||||||||||||||||||||||||||
accretion of debt | 27,465,000 | 25,641,000 | 10,364,000 | 1,716,000 | 1,668,000 | 2,015,000 | 2,183,000 | 2,144,000 | 2,242,000 | 2,338,000 | 2,101,000 | 2,086,000 | 1,900,000 | 2,483,000 | 1,752,000 | 1,390,000 | 1,404,000 | 1,249,000 | |||||||||
gain on deconsolidation of a subsidiary | |||||||||||||||||||||||||||
dividend from investment in equity securities | |||||||||||||||||||||||||||
other current liabilities | 23,664,000 | 2,945,000 | |||||||||||||||||||||||||
proceeds from royalty obligation under royalty purchase agreement | |||||||||||||||||||||||||||
issuance costs associated with royalty obligation under royalty purchase agreement | |||||||||||||||||||||||||||
proceeds from term loan under amended financing agreement | |||||||||||||||||||||||||||
issuance costs and discounts associated with term loan under amended financing agreement | |||||||||||||||||||||||||||
repayment of deferred royalty obligation | -1,861,000 | -144,000 | |||||||||||||||||||||||||
proceeds from special cash dividends received from investments in equity securities | 0 | 0 | 0 | 25,682,000 | |||||||||||||||||||||||
proceeds from bridgebio common stock issuances under espp | 3,237,000 | 0 | 2,138,000 | 0 | 2,364,000 | 1,000 | 1,588,000 | 0 | 1,809,000 | 1,592,000 | 0 | 966,000 | 0 | 2,169,000 | 0 | 1,652,000 | |||||||||||
loss from investment in equity securities | 0 | -1,435,000 | -964,000 | ||||||||||||||||||||||||
fair value of shares issued under a license agreement | 0 | ||||||||||||||||||||||||||
loss on sale of certain assets | 0 | 0 | 0 | 6,261,000 | |||||||||||||||||||||||
impairment of long-lived assets | 0 | 67,000 | 0 | 12,653,000 | |||||||||||||||||||||||
gain from sale of priority review voucher, excluding transaction costs | 0 | 0 | |||||||||||||||||||||||||
gain from recognition of receivable from licensing and collaboration agreement | 0 | 0 | 0 | -12,500,000 | |||||||||||||||||||||||
accrued professional and other liabilities | 10,801,000 | -5,522,000 | 166,000 | -1,256,000 | 6,572,000 | -7,385,000 | |||||||||||||||||||||
proceeds from sale of priority review voucher | 0 | ||||||||||||||||||||||||||
proceeds from sale of certain assets | 0 | 0 | 0 | 10,000,000 | |||||||||||||||||||||||
other financing activities | -1,180,000 | 5,743,000 | |||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | |||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | |||||||||||||||||||||||||||
receivables from licensing and collaboration agreements | 182,000 | 234,834,000 | -233,743,000 | ||||||||||||||||||||||||
proceeds from term loan under financing agreement | 0 | 0 | 450,000,000 | ||||||||||||||||||||||||
issuance costs and discounts associated with term loan under financing agreement | 0 | -3,732,000 | -12,254,000 | ||||||||||||||||||||||||
repayment of term loan under loan and security agreement | 0 | 0 | -473,417,000 | ||||||||||||||||||||||||
net loss from equity method investment | |||||||||||||||||||||||||||
fair value adjustment of warrants | -1,036,000 | 274,000 | -111,000 | -111,000 | 125,000 | 56,000 | 538,000 | 852,000 | |||||||||||||||||||
net income | -36,160,000 | ||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||
loss on deconsolidation of pellepharm | 0 | 0 | 0 | 1,241,000 | |||||||||||||||||||||||
decrease in cash and cash equivalents resulting from deconsolidation of pellepharm | 0 | 0 | 0 | -503,000 | |||||||||||||||||||||||
leo call option income | -5,550,000 | ||||||||||||||||||||||||||
loss on early extinguishment of debt | |||||||||||||||||||||||||||
receivable from licensing and collaboration agreements | 3,419,000 | 3,443,000 | 2,148,000 | 6,318,000 | 16,001,000 | -3,825,000 | -7,273,000 | 10,266,000 | -12,039,000 | 27,653,000 | |||||||||||||||||
sales of marketable securities | -36,234,000 | ||||||||||||||||||||||||||
purchases of investment in equity securities | -29,224,000 | -6,810,000 | -24,030,000 | -47,474,000 | -29,250,000 | -15,382,000 | -2,768,000 | -8,162,000 | -29,423,000 | ||||||||||||||||||
sales of investment in equity securities | 29,593,000 | 13,895,000 | 24,781,000 | 42,287,000 | 24,005,000 | 19,122,000 | 3,037,000 | 6,671,000 | 29,407,000 | ||||||||||||||||||
increase in cash and cash equivalents from consolidation of pellepharm | 0 | 0 | |||||||||||||||||||||||||
proceeds from issuance of common stock through private placement offering | -454,000 | ||||||||||||||||||||||||||
proceeds from issuance of common stock through follow-on offering | 0 | 0 | 1,033,000 | 143,016,000 | |||||||||||||||||||||||
proceeds from issuance of common stock through atm offering | 0 | ||||||||||||||||||||||||||
proceeds from issuance of 2029 notes | |||||||||||||||||||||||||||
issuance costs and discounts associated with issuance of 2029 notes | |||||||||||||||||||||||||||
purchase of capped calls | 0 | 0 | 0 | -61,295,000 | 0 | 0 | 0 | -49,280,000 | |||||||||||||||||||
repurchases of common stock | |||||||||||||||||||||||||||
repurchase of eidos noncontrolling interest, including direct transaction costs | 0 | -250,000 | -4,516,000 | -80,324,000 | |||||||||||||||||||||||
proceeds from term loan, net of issuance costs | |||||||||||||||||||||||||||
repayment of term loan | 0 | 0 | 0 | ||||||||||||||||||||||||
income from investment in equity securities | |||||||||||||||||||||||||||
repurchase of shares to satisfy tax withholding | -2,610,000 | -1,203,000 | -512,000 | -596,000 | -366,000 | -110,000 | -711,000 | -733,000 | -2,281,000 | -1,021,000 | -471,000 | ||||||||||||||||
issuance costs associated with term loan | 0 | 0 | -1,120,000 | ||||||||||||||||||||||||
accrued professional services | 2,225,000 | -2,440,000 | -1,954,000 | 772,000 | -1,374,000 | 1,811,000 | -1,153,000 | 1,859,000 | -360,000 | 1,256,000 | -5,237,000 | 5,465,000 | 923,000 | ||||||||||||||
other accrued and other long-term liabilities | -8,597,000 | -6,530,000 | -4,590,000 | 11,270,000 | -2,883,000 | 13,636,000 | |||||||||||||||||||||
operating activities | |||||||||||||||||||||||||||
net loss from investment in equity securities | -4,747,000 | -10,259,000 | 10,362,000 | 12,866,000 | |||||||||||||||||||||||
fair value of shares issued under license agreements | |||||||||||||||||||||||||||
leo call option expense | 0 | 0 | 352,000 | -78,000 | 1,737,000 | -539,000 | 57,000 | -276,000 | |||||||||||||||||||
acquired in-process research and development assets | 0 | 1,060,000 | |||||||||||||||||||||||||
receivable from a related party | 8,500,000 | -8,500,000 | -462,000 | 8,000,000 | |||||||||||||||||||||||
investing activities | |||||||||||||||||||||||||||
proceeds from sale of priority review voucher, excluding transaction costs | |||||||||||||||||||||||||||
other investing activities | |||||||||||||||||||||||||||
financing activities | |||||||||||||||||||||||||||
proceeds from issuance of 2029 notes in 2021 and 2027 notes in 2020 | 0 | 0 | 0 | 747,500,000 | |||||||||||||||||||||||
issuance costs and discounts associated with issuance of 2029 notes and 2027 notes | 0 | 0 | 0 | -16,064,000 | |||||||||||||||||||||||
proceeds from issuance of noncontrolling interests | |||||||||||||||||||||||||||
repurchase of common stock to satisfy tax withholding | |||||||||||||||||||||||||||
proceeds from at-the-market issuance of noncontrolling interest by eidos | 0 | 0 | 0 | 24,094,000 | |||||||||||||||||||||||
proceeds from issuance of common stock through at-the-market offering | |||||||||||||||||||||||||||
repurchase of noncontrolling interest | 0 | -26,383,000 | |||||||||||||||||||||||||
proceeds from term loan | 0 | ||||||||||||||||||||||||||
net gains from investment in equity securities | |||||||||||||||||||||||||||
share in net loss of equity method investments | |||||||||||||||||||||||||||
acquisition of intangible assets | 0 | ||||||||||||||||||||||||||
others | |||||||||||||||||||||||||||
proceeds from issuance of common stock in connection with initial public offering | |||||||||||||||||||||||||||
proceeds from issuance of noncontrolling interest to alexion | 0 | ||||||||||||||||||||||||||
proceeds from term loans, net of issuance costs | 17,152,000 | 0 | |||||||||||||||||||||||||
proceeds from disposal of property and equipment | 0 | 0 | |||||||||||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||||||||
cash paid for interest | 17,425,000 | 1,901,000 | 8,913,000 | 2,041,000 | 9,159,000 | 2,068,000 | 2,054,000 | 1,756,000 | 1,753,000 | ||||||||||||||||||
supplemental disclosures of noncash investing and financing information: | |||||||||||||||||||||||||||
net noncash portion of repurchase of eidos noncontrolling interests | 0 | 0 | 38,167,000 | ||||||||||||||||||||||||
direct transaction costs in the repurchase of eidos recorded in additional paid-in capital previously classified in prepaid expenses and other current assets | 0 | 0 | 8,749,000 | ||||||||||||||||||||||||
noncash contribution by a noncontrolling interest | |||||||||||||||||||||||||||
deferred merger transaction costs included in accounts payable and accrued professional services | 315,000 | ||||||||||||||||||||||||||
recognized intangible asset recorded in other accrued liabilities and other long-term liabilities | |||||||||||||||||||||||||||
leasehold improvements paid by landlord | |||||||||||||||||||||||||||
repurchase of common stock recorded in accounts payable | |||||||||||||||||||||||||||
recognition of property and equipment previously classified in other assets | 0 | 0 | 0 | 10,000,000 | |||||||||||||||||||||||
transfers from | 1,080,000 | -3,109,000 | 11,601,000 | ||||||||||||||||||||||||
other accrued and other liabilities | 6,139,000 | -3,540,000 | 3,445,000 | -449,000 | 5,324,000 | 15,000 | |||||||||||||||||||||
investment in equity securities | |||||||||||||||||||||||||||
noncash contribution by an nci | |||||||||||||||||||||||||||
recognized intangible asset recorded in accrued research and development liabilities | |||||||||||||||||||||||||||
leasehold improvement paid by landlord | |||||||||||||||||||||||||||
transfers from noncontrolling interests | -1,416,000 | 1,690,000 | |||||||||||||||||||||||||
amortization of operating lease right-of-use assets | 1,365,000 | ||||||||||||||||||||||||||
proceeds from issuance of redeemable convertible noncontrolling interests to third-party investors | 0 | 1,000,000 | 0 | 1,000,000 | |||||||||||||||||||||||
supplemental disclosures of non-cash investing and financing information: | |||||||||||||||||||||||||||
direct transaction costs in the repurchase of eidos noncontrolling interest included in accounts payable and accrued professional services | 4,766,000 | ||||||||||||||||||||||||||
issuance costs associated with issuance of 2027 notes included in other accrued and other liabilities | 664,000 | ||||||||||||||||||||||||||
unpaid property and equipment | 1,787,000 | ||||||||||||||||||||||||||
gain on deconsolidation of pellepharm | |||||||||||||||||||||||||||
change in fair value of lianbio warrants | |||||||||||||||||||||||||||
fair value of equity method investment | |||||||||||||||||||||||||||
accretion of 2027 notes and term loans | 5,422,000 | 5,335,000 | 5,219,000 | 1,761,000 | |||||||||||||||||||||||
change in fair value of eidos financial instruments | |||||||||||||||||||||||||||
payments of merger transaction costs | |||||||||||||||||||||||||||
cash paid for in-process research and development assets acquired | 0 | 0 | |||||||||||||||||||||||||
cash and cash equivalents acquired in ml bio asset acquisition | 0 | ||||||||||||||||||||||||||
proceeds from issuance of common stock in connection with the initial public offering of bridgebio in 2019 and eidos in 2018, net of underwriting discounts and commissions | |||||||||||||||||||||||||||
proceeds from issuance of 2027 notes | 0 | 0 | 0 | 550,000,000 | |||||||||||||||||||||||
issuance costs and discounts associated with issuance of 2027 notes | 0 | 0 | -664,000 | -12,375,000 | |||||||||||||||||||||||
proceeds from issuance of promissory notes | |||||||||||||||||||||||||||
proceeds from repayment of nonrecourse notes | 0 | 0 | |||||||||||||||||||||||||
proceeds from the issuance of redeemable convertible preferred units, net of issuance costs | |||||||||||||||||||||||||||
proceeds from repayment of the loans received by noncontrolling interest shareholder | |||||||||||||||||||||||||||
myokardia distributions | 0 | 0 | |||||||||||||||||||||||||
tenant improvement paid by landlord | 1,138,000 | ||||||||||||||||||||||||||
transfers | |||||||||||||||||||||||||||
non-cash contribution by a noncontrolling interest | |||||||||||||||||||||||||||
build-to-suit funding liability accrual | |||||||||||||||||||||||||||
fair value of success fee derivative at issuance of eidos term loan | |||||||||||||||||||||||||||
conversion of redeemable noncontrolling interest into noncontrolling interest | |||||||||||||||||||||||||||
conversion of promissory note into redeemable convertible noncontrolling interest | |||||||||||||||||||||||||||
fair value of redeemable convertible noncontrolling interest issued for acquired in-process research and development assets | |||||||||||||||||||||||||||
proceeds from issuance of common stock in connection with the initial public offering | |||||||||||||||||||||||||||
operating lease right-of-use assets obtained in exchange for operating lease obligations | 0 | 2,419,000 | 9,395,000 | ||||||||||||||||||||||||
payment of deferred offering costs | |||||||||||||||||||||||||||
deferred offering costs included in accounts payable and other accrued liabilities | |||||||||||||||||||||||||||
accretion of term loans and convertible promissory notes | 787,000 | 20,000 | |||||||||||||||||||||||||
other accrued liabilities | -1,162,000 | 2,184,000 | |||||||||||||||||||||||||
proceeds from issuance of common stock in connection with the initial public offering of the corporation in 2019 and eidos in 2018, net of underwriting discounts and commissions | |||||||||||||||||||||||||||
proceeds from third-party investors in redeemable convertible noncontrolling interests | 0 | ||||||||||||||||||||||||||
proceeds from stock option exercises | |||||||||||||||||||||||||||
conversion of promissory note upon issuance of series c redeemable convertible preferred units | |||||||||||||||||||||||||||
capital transaction upon merger | |||||||||||||||||||||||||||
net accretion and amortization of premium and discounts on marketable securities | |||||||||||||||||||||||||||
equity-based compensation | 5,846,000 | ||||||||||||||||||||||||||
loss on disposal of property and equipment | 55,000 | ||||||||||||||||||||||||||
loss from ml bio asset acquisition | |||||||||||||||||||||||||||
loss from pellepharm | 6,589,000 | ||||||||||||||||||||||||||
shares issued under license agreements | 0 | ||||||||||||||||||||||||||
proceeds from issuance of bridgebio pharma llc common stock equivalents, net of issuance costs | |||||||||||||||||||||||||||
proceeds from issuance of common stock in connection with the initial public offering, net of underwriting discounts and commissions | |||||||||||||||||||||||||||
proceeds from issuance of common stock in connection with the initial public offering of eidos, net of underwriting discounts and commissions | |||||||||||||||||||||||||||
issuance of loan to noncontrolling interest shareholder | |||||||||||||||||||||||||||
proceeds from subsidiary stock option exercises | 346,000 | ||||||||||||||||||||||||||
transfers to | 13,529,000 | ||||||||||||||||||||||||||
proceeds from the issuance of series c preferred units, net of issuance costs |
