7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 
      
    		                        
      assets
    		                        
      current assets:
    		                        
      cash and cash equivalents
    		267,960,000 282,132,000 527,907,000 281,967,000 230,203,000 292,763,000 287,848,000 435,895,000 169,049,000 225,544,000 249,771,000 232,767,000 156,511,000 265,623,000 296,821,000 559,994,000 612,023,000 212,015,000 97,241,000 162,171,000 137,903,000 125,301,000 126,050,000 37,221,000 
      marketable securities
    		807,010,000 868,205,000 692,045,000 568,773,000 695,554,000 715,402,000 806,706,000 753,981,000 846,408,000 847,472,000 809,700,000 845,367,000 938,043,000 900,492,000 925,779,000 405,653,000 321,382,000 403,264,000 406,238,000 137,500,000 64,317,000 102,649,000 127,392,000 54,627,000 
      prepaid expenses and other current assets
    		23,577,000 25,127,000 27,662,000 27,409,000 19,777,000 21,275,000 27,156,000 21,167,000 24,084,000 21,789,000 23,560,000 14,762,000 14,358,000 13,775,000 16,884,000 7,360,000 8,019,000 12,714,000 11,101,000 8,650,000 6,487,000 6,879,000 6,192,000 2,696,000 
      total current assets
    		1,098,547,000 1,175,464,000 1,247,614,000 878,149,000 945,534,000 1,029,440,000 1,121,710,000 1,211,043,000 1,039,541,000 1,094,805,000 1,083,031,000 1,092,896,000 1,108,912,000 1,179,890,000 1,239,484,000 1,273,007,000 941,424,000 677,993,000 514,580,000 308,321,000 208,707,000 234,829,000 259,634,000 94,544,000 
      property and equipment
    		108,290,000 108,824,000 109,569,000 111,412,000 113,502,000 117,470,000 120,922,000 124,960,000 127,521,000 128,203,000 121,822,000 115,620,000 111,180,000 106,090,000 94,288,000 84,258,000 71,533,000 64,343,000 51,994,000 38,513,000 29,404,000 25,739,000 24,802,000 24,290,000 
      restricted cash
    		6,656,000 6,633,000 6,610,000 8,144,000 6,549,000 6,154,000 6,452,000 8,719,000 8,680,000 15,422,000 9,802,000 12,754,000 12,750,000 12,746,000 12,746,000 12,746,000 14,840,000 14,840,000 14,840,000 14,840,000 14,840,000 13,333,000 13,332,000 13,332,000 
      operating lease right-of-use assets
    		96,995,000 99,568,000 102,216,000 104,865,000 104,704,000 106,879,000 109,023,000 112,846,000 112,140,000 114,075,000 116,159,000 118,513,000 115,534,000 117,426,000 105,543,000 102,718,000 103,169,000 105,315,000 106,794,000 86,859,000 21,776,000 22,856,000 22,126,000 18,957,000 
      other assets
    		593,000 668,000 911,000 1,254,000 1,078,000 1,323,000 1,689,000 2,146,000 2,652,000 1,382,000 1,538,000 1,931,000 1,874,000 2,223,000 1,341,000 1,724,000 1,051,000 1,157,000 5,033,000 3,144,000 3,546,000 3,218,000 2,744,000 4,976,000 
      total assets
    		1,311,081,000 1,391,157,000 1,466,920,000 1,103,824,000 1,171,367,000 1,261,266,000 1,359,796,000 1,459,714,000 1,290,534,000 1,353,887,000 1,332,352,000 1,341,714,000 1,350,250,000 1,418,375,000 1,453,402,000 1,474,453,000 1,156,555,000 893,078,000 693,241,000 451,677,000 278,273,000 299,975,000 322,638,000 156,099,000 
      liabilities and stockholders’ equity
    		                        
      current liabilities:
    		                        
      accounts payable
    		9,545,000 10,556,000 7,699,000 3,871,000 3,812,000 4,429,000 2,790,000 1,617,000 3,177,000 6,886,000 14,063,000 9,029,000 7,024,000 7,095,000 6,266,000 7,474,000 7,282,000 8,030,000 7,983,000 6,314,000 6,569,000 6,154,000 6,101,000 7,846,000 
      accrued expenses and other current liabilities
    		42,314,000 40,904,000 30,233,000 47,468,000 51,769,000 67,138,000 86,437,000 111,664,000 41,769,000 37,519,000 37,847,000 48,059,000 38,600,000 35,069,000 24,062,000 28,921,000 22,965,000 19,581,000 14,976,000 18,487,000 18,309,000 7,202,000 8,480,000 7,852,000 
      current portion of derivative liabilities
    		6,500,000 3,900,000 5,200,000 8,400,000 8,400,000                    
      current portion of deferred revenue
    		110,320,000 105,822,000 85,204,000 108,858,000 89,327,000 84,925,000 72,111,000 68,706,000 153,484,000 139,127,000 142,737,000 135,974,000 159,902,000 139,666,000 115,049,000 86,270,000 12,822,000 10,024,000       
      current portion of lease liability
    		12,688,000 12,949,000 13,210,000 13,469,000 12,936,000 12,641,000 12,181,000 12,778,000 11,951,000 11,492,000 11,157,000 10,380,000 9,823,000 9,512,000 9,359,000 7,540,000 6,484,000 3,491,000 3,885,000 4,218,000 4,340,000 4,698,000 4,699,000 4,337,000 
      current portion of consideration liabilities
    		1,192,000                        
      total current liabilities
    		182,559,000 174,131,000 141,546,000 182,066,000 166,244,000 177,333,000 187,219,000 205,565,000 220,365,000 209,536,000 219,925,000 223,595,000 238,859,000 212,278,000 218,798,000 213,435,000 101,391,000 128,715,000 102,086,000 102,337,000 47,451,000 38,950,000 31,440,000 29,138,000 
      long-term lease liability
    		138,732,000 141,854,000 144,919,000 147,956,000 149,129,000 152,596,000 155,939,000 159,911,000 160,637,000 163,851,000 165,298,000 168,625,000 165,075,000 163,985,000 136,034,000 134,810,000 133,120,000 132,793,000 125,825,000 96,014,000 23,810,000 24,901,000 24,059,000 21,187,000 
      long-term portion of contingent consideration liabilities
    		6,708,000                        
      long-term portion of deferred revenue
    		10,160,000 20,319,000 49,403,000 33,218,000 57,816,000 75,487,000 99,573,000 109,888,000 124,653,000 156,202,000 171,708,000 202,179,000 198,288,000 208,824,000 225,093,000 262,303,000 36,820,000 40,381,000       
      long-term portion of derivative liabilities
    		6,654,000 6,497,000 6,344,000 5,404,000 5,276,000                    
      other liabilities
    		266,000 357,000 414,000 504,000 481,000 679,000 719,000 298,000 1,048,000 1,192,000 173,000 224,000 253,000 305,000 11,090,000 2,793,000 852,000 903,000 1,342,000 2,471,000 2,493,000 406,000 412,000 418,000 
      total liabilities
    		345,079,000 344,344,000 343,784,000 370,279,000 380,050,000 407,172,000 446,306,000 478,385,000 511,593,000 542,244,000 570,846,000 608,240,000 635,773,000 618,214,000 624,334,000 647,715,000 302,741,000 344,527,000 270,812,000 206,116,000 78,202,000 69,153,000 61,244,000 55,154,000 
      commitments and contingencies
    		                        
      stockholders’ equity:
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at september 30, 2025 and december 31, 2024, respectively
    		                        
      common stock
    		1,014,000 1,008,000 1,006,000 836,000 826,000 824,000 823,000 816,000 794,000 780,000 744,000 712,000 705,000 703,000 698,000 684,000 677,000 645,000 617,000 573,000 504,000 496,000 491,000 73,000 
      additional paid-in capital
    		2,855,118,000 2,823,987,000 2,797,871,000 2,298,661,000 2,265,009,000 2,233,989,000 2,202,146,000 2,169,798,000 2,112,857,000 2,049,476,000 1,915,349,000 1,792,554,000 1,737,459,000 1,713,086,000 1,668,567,000 1,594,378,000 1,556,685,000 1,223,324,000 1,021,032,000 642,633,000 501,698,000 497,873,000 494,749,000 1,851,000 
      accumulated other comprehensive income
    		790,000 10,000 160,000 679,000 1,759,000 -1,110,000 -921,000 604,000 -2,024,000 -2,015,000 -765,000 -2,430,000 -4,674,000 -4,190,000 -2,709,000 -50,000 19,000 31,000  -9,000 41,000 173,000 -344,000 16,000 
      accumulated deficit
    		-1,890,920,000 -1,778,192,000 -1,675,901,000 -1,566,631,000 -1,476,277,000 -1,379,609,000 -1,288,558,000 -1,189,889,000 -1,332,686,000 -1,236,598,000 -1,153,822,000 -1,057,362,000 -1,019,013,000 -909,438,000 -837,488,000 -768,274,000 -703,567,000 -675,449,000 -599,196,000 -397,636,000 -302,172,000 -267,720,000 -233,502,000 -203,044,000 
      total stockholders’ equity
    		966,002,000 1,046,813,000 1,123,136,000 733,545,000 791,317,000 854,094,000 913,490,000 981,329,000 778,941,000 811,643,000 761,506,000 733,474,000 714,477,000 800,161,000 829,068,000 826,738,000 853,814,000 548,551,000 422,429,000 245,561,000 200,071,000 230,822,000 261,394,000  
      total liabilities and stockholders’ equity
    		1,311,081,000 1,391,157,000 1,466,920,000 1,103,824,000 1,171,367,000 1,261,266,000 1,359,796,000 1,459,714,000 1,290,534,000 1,353,887,000 1,332,352,000 1,341,714,000 1,350,250,000 1,418,375,000 1,453,402,000  1,156,555,000 893,078,000       
      contingent consideration liabilities
    		 1,186,000 1,158,000 1,131,000 1,104,000 1,077,000 2,856,000 2,723,000 4,586,000 10,588,000 12,759,000 12,463,000 31,910,000 31,035,000 30,915,000 31,367,000 26,960,000 37,559,000 36,818,000      
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at june 30, 2025 and december 31, 2024, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at march 31, 2025 and december 31, 2024, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at december 31, 2024 and december 31, 2023, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at september 30, 2024 and december 31, 2023, respectively
    		                        
      derivative liabilities
    		     8,200,000 13,700,000 10,800,000 8,900,000 13,600,000 12,700,000 18,300,000 21,300,000 16,400,000 28,600,000 42,200,000 49,600,000 85,400,000 73,100,000 71,200,000 16,500,000 19,200,000 10,500,000 7,800,000 
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at june 30, 2024 and december 31, 2023, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at march 31, 2024 and december 31, 2023, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at december 31, 2023 and december 31, 2022, respectively
    		                        
      current portion of equipment financing liability
    		        1,084,000 912,000 1,421,000 1,853,000 2,210,000 2,389,000 2,337,000 2,287,000 2,238,000 2,189,000 2,142,000 2,118,000 1,733,000 1,696,000 1,660,000 1,303,000 
      long-term equipment financing liability
    		        304,000 875,000 983,000 1,154,000 1,388,000 1,787,000 2,404,000 3,007,000 3,598,000 4,176,000 4,741,000 5,294,000 4,448,000 4,896,000 5,333,000 4,411,000 
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at september 30, 2023 and december 31, 2022, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at june 30, 2023 and december 31, 2022, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at march 31, 2023 and december 31, 2022, respectively
    		                        
      collaboration receivable
    		               300,000,000  50,000,000       
      accrued sub-license fees
    		             2,147,000 33,125,000 38,743,000         
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at december 31, 2022 and december 31, 2021, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at september 30, 2022 and december 31, 2021, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at june 30, 2022 and december 31, 2021, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at march 31, 2022 and december 31, 2021, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at december 31, 2021 and 2020, respectively
    		                        
      total liabilities, redeemable convertible preferred stock, and stockholders’ equity
    		               1,474,453,000   693,241,000 451,677,000 278,273,000 299,975,000 322,638,000  
      long-term investments
    		                24,538,000 29,430,000       
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at september 30, 2021 and december 31, 2020, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at june 30, 2021 and december 31, 2020, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at march 31, 2021 and december 31, 2020, respectively
    		                        
      accumulated other comprehensive loss
    		                  -24,000      
      liabilities, redeemable convertible preferred stock, and stockholders’ equity
    		                        
      redeemable convertible preferred stock
    		                       302,049,000 
      stockholders’ equity
    		                        
      preferred stock, 0.01 par value; 25,000,000 and no shares authorized, and no shares issued or outstanding at december 31, 2020 and 2019, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 and no shares authorized, and no shares issued or outstanding at september 30, 2020 and december 31, 2019, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 and no shares authorized at june 30, 2020 and december 31, 2019, respectively, and no shares issued or outstanding at june 30, 2020 and december 31, 2019, respectively
    		                        
      preferred stock, 0.01 par value; 25,000,000 and no shares authorized at march 31, 2020 and december 31, 2019, respectively, and no shares issued or outstanding at march 31, 2020 and december 31, 2019, respectively
    		                        
      liabilities, redeemable convertible preferred stock, and stockholders’ deficit
    		                        
      financing milestone liabilities payable
    		                        
      deferred rent, current portion
    		                        
      deferred rent, net of current portion
    		                        
      stockholders’ deficit:
    		                        
      total stockholders’ deficit
    		                       -201,104,000 
      total liabilities, redeemable convertible preferred stock, and stockholders’ deficit
    		                       156,099,000 
      license revenue
    		                       18,000 
      operating expenses:
    		                        
      research and development
    		                       54,619,000 
      general and administrative
    		                       20,553,000 
      total operating expenses
    		                       75,172,000 
      income from operations
    		                       -75,154,000 
      other income:
    		                        
      change in fair value of derivative liabilities
    		                       -5,400,000 
      loss on issuance of preferred stock in connection with blink merger
    		                        
      loss on issuance of preferred stock to investors
    		                        
      change in fair value of preferred stock tranche liabilities
    		                        
      interest income
    		                       2,486,000 
      interest expense
    		                       -187,000 
      other income
    		                       -71,000 
      total other income
    		                       -3,172,000 
      net income
    		                       -78,326,000 
      unrealized gain on marketable securities
    		                       16,000 
      comprehensive loss
    		                       -78,310,000 
      reconciliation of net income to net income attributable to common stockholders:
    		                        
      net income attributable to noncontrolling interest in blink
    		                        
      accretion of redeemable convertible preferred stock to redemption value, including dividends on preferred stock
    		                       -12,714,000 
      net income attributable to common stockholders
    		                       -91,040,000 
      net income per common share attributable to common stockholders, basic and diluted
    		                       -14,050 
      weighted-average common shares used in net income per share attributable to common stockholders, basic and diluted
    		                       6,479,591,000 
    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.