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 
      
    		                        
      license and collaboration revenue
    		9,698,000 8,466,000 7,470,000 30,067,000 14,269,000 11,772,000 7,410,000 316,192,000 17,193,000 20,116,000 24,208,000 20,037,000 15,799,000 16,652,000 8,432,000 51,069,000 763,000        
      operating expenses:
    		                        
      research and development
    		109,769,000 101,758,000 98,816,000 101,444,000 94,258,000 87,041,000 84,818,000 140,077,000 100,050,000 97,608,000 99,646,000 86,341,000 85,287,000 74,556,000 65,410,000 96,781,000 54,623,000 45,577,000 190,106,000 32,451,000 29,825,000 19,354,000 21,549,000  
      general and administrative
    		26,740,000 26,859,000 27,940,000 28,660,000 26,515,000 29,626,000 26,724,000 43,257,000 25,410,000 24,656,000 23,490,000 22,681,000 21,815,000 24,062,000 19,247,000 17,772,000 15,774,000 13,403,000 10,273,000 8,354,000 7,502,000 6,937,000 6,812,000  
      total operating expenses
    		136,509,000 128,617,000 126,756,000 130,104,000 120,773,000 116,667,000 111,542,000 183,334,000 125,460,000 122,264,000 123,136,000 109,022,000 107,102,000 98,618,000 84,657,000 114,553,000 70,397,000 58,980,000 200,379,000 40,805,000 37,327,000 26,291,000 28,361,000  
      income from operations
    		-126,811,000 -120,151,000 -119,286,000 -100,037,000 -106,504,000 -104,895,000 -104,132,000 132,858,000 -108,267,000 -102,148,000 -98,928,000 -88,985,000 -91,303,000 -81,966,000 -76,225,000 -63,484,000 -69,634,000 -58,974,000 -200,373,000 -40,799,000 -37,321,000 -26,285,000 -28,355,000  
      yoy
    		19.07% 14.54% 14.55% -175.30% -1.63% 2.69% 5.26% -249.30% 18.58% 24.62% 29.78% 40.17% 31.12% 38.99% -61.96% 55.60% 86.58% 124.36% 606.66%      
      qoq
    		5.54% 0.73% 19.24% -6.07% 1.53% 0.73% -178.38% -222.71% 5.99% 3.25% 11.17% -2.54% 11.39% 7.53% 20.07% -8.83% 18.08% -70.57% 391.12% 9.32% 41.99% -7.30%   
      operating margin %
    		                        
      other income:
    		                        
      change in fair value of derivative liabilities
    		-2,757,000 1,147,000 2,260,000 -128,000 -200,000 5,500,000 -2,900,000 -1,900,000 4,700,000 -900,000 5,600,000 3,000,000 -4,900,000 12,200,000 13,600,000 7,400,000 35,800,000 -42,300,000 -1,900,000 -54,700,000 2,700,000 -8,700,000 -2,700,000  
      change in fair value of non-controlling equity investments
    		4,937,000 4,415,000 -2,081,000 -1,090,000 -2,064,000 -7,586,000 -3,353,000 -722,000 -11,221,000 6,148,000 -12,797,000 21,578,000 10,431,000 -4,124,000 -7,685,000          
      change in fair value of contingent consideration liabilities
    		1,000,000 -28,000 -27,000 -27,000 -27,000 1,779,000 -133,000 1,863,000 6,002,000 2,171,000 -296,000 19,447,000 -875,000 -120,000 452,000 -4,407,000 10,599,000 -741,000 -305,000      
      interest and other income
    		10,903,000 12,326,000 9,864,000 10,928,000 12,127,000 14,190,000 11,849,000 12,064,000 12,698,000 11,953,000 9,961,000 7,611,000 4,982,000 2,060,000 644,000 54,000 9,000 -52,000 1,018,000 35,000 169,000 767,000 597,000  
      total other income
    		14,083,000 17,860,000 10,016,000 9,683,000 9,836,000 13,883,000 5,463,000 11,305,000 12,179,000 19,372,000 2,468,000 51,636,000 9,638,000 10,016,000 7,011,000 -1,223,000 41,516,000 -17,279,000 -1,187,000 -54,665,000 2,869,000 -7,933,000 -2,103,000  
      net income before income taxes
    		-112,728,000 -102,291,000  -90,354,000 -96,668,000 -91,012,000  144,163,000 -96,088,000   -37,349,000 -81,665,000            
      benefit from income taxes
    		     -39,000      -1,000,000 -2,410,000            
      net income
    		-112,728,000 -102,291,000 -109,270,000 -90,354,000 -96,668,000 -91,051,000 -98,669,000 142,797,000 -96,088,000 -82,776,000 -96,460,000 -38,349,000 -109,575,000 -71,950,000 -69,214,000 -64,707,000 -28,118,000 -76,253,000 -201,560,000 -95,464,000 -34,452,000 -34,218,000 -30,458,000  
      yoy
    		16.61% 12.34% 10.74% -163.27% 0.60% 10.00% 2.29% -472.36% -12.31% 15.05% 39.36% -40.73% 289.70% -5.64% -65.66% -32.22% -18.38% 122.84% 561.76%      
      qoq
    		10.20% -6.39% 20.94% -6.53% 6.17% -7.72% -169.10% -248.61% 16.08% -14.19% 151.53% -65.00% 52.29% 3.95% 6.97% 130.13% -63.13% -62.17% 111.14% 177.09% 0.68% 12.34%   
      net income margin %
    		                        
      unrealized gain on marketable securities
    		780,000 -150,000 -519,000 -1,080,000 2,869,000 -189,000 -1,525,000 2,628,000 -9,000 -1,250,000 1,665,000 2,244,000 -484,000 -1,481,000 -2,659,000 -69,000 -12,000 55,000  -50,000 -132,000 517,000   
      comprehensive loss
    		-111,948,000 -102,441,000 -109,789,000 -91,434,000 -93,799,000 -91,240,000 -100,194,000 145,425,000 -96,097,000 -84,026,000 -94,795,000 -36,105,000 -110,059,000 -73,431,000 -71,873,000 -64,776,000 -28,130,000 -76,198,000 -201,575,000 -95,514,000 -34,584,000 -33,701,000 -30,818,000  
      net income per common share, basic and diluted
    		-1,100 -1,000 -1,240 -1,090 -1,170 -1,110 -1,210 1,910 -1,220 -1,080 -1,330 -897.5 -1,560 -1,020 -1,010          
      weighted-average common shares outstanding, basic and diluted
    		102,570,801,000 101,995,184,000 87,975,311,000 82,313,008,000 82,410,095,000 82,312,467,000 81,698,633,000 77,151,771,000 79,024,647,000 76,335,175,000 72,273,829,000 70,015,305,000 70,343,196,000 70,210,227,000 68,703,864,000          
      income from equity method investment
    		            -25,500,000            
      change in fair value of long-term investments
    		               5,490,000 -4,892,000 25,814,000       
      reconciliation of net income to net income attributable to common stockholders:
    		                        
      accretion of redeemable convertible preferred stock to redemption value, including dividends on preferred stock
    		                      -1,277,000  
      net income attributable to common stockholders
    		               -64,707,000 -28,118,000 -76,253,000 -201,560,000 -95,464,000 -34,452,000 -34,218,000 -31,735,000  
      net income per common share attributable to common stockholders, basic and diluted
    		               -910 -420 -1,230 -3,350 -1,880 -690 -690 -1,030  
      weighted-average common shares used in net income per share attributable to common stockholders, basic and diluted
    		               64,227,676 66,377,611 62,210,239 60,210,120 46,733,221 50,087,747 49,430,138 30,725,077  
      license revenue
    		                 6,000 6,000 6,000 6,000 6,000 6,000  
      unrealized loss on marketable securities
    		                  -15,000    -360,000  
    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.