7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 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 
      
    		                      
      cash flows from operating activities:
    		                      
      net income
    		-111,504,000 -71,275,000 -118,354,000 -149,073,000 -47,971,000 -51,681,000 -40,235,000 -34,725,000 -38,393,000 -28,836,000 -24,602,000 -26,805,000 -25,054,000 -25,565,000 -26,288,000 -28,329,000 -20,723,000 -14,782,000 -12,581,000 -14,603,000 -11,771,000 -10,544,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                      
      stock-based compensation
    		7,315,000 7,216,000 5,205,000 5,262,000 5,169,000 4,998,000 4,037,000 4,381,000 4,137,000 3,551,000 2,758,000 2,500,000 2,586,000 2,512,000 2,154,000 2,314,000 2,417,000 1,793,000     
      net accretion of discounts on investments in marketable securities
    		-2,326,000 -1,898,000  -2,481,000 -2,584,000 -2,822,000                 
      amortization of debt discount and accretion of deferred debt costs
    		318,000 455,000 326,000 175,000 168,000 162,000                 
      noncash operating lease expense
    		153,000 163,000 188,000 182,000 176,000 175,000  42,000 42,000 41,000             
      depreciation
    		8,000 10,000 9,000 8,000 12,000 9,000 16,000 10,000 10,000 14,000 15,000 16,000 16,000 18,000 21,000 23,000 20,000 15,000 13,000 18,000 17,000 12,000 
      change in fair value of warrant liability
    		-295,000 -221,000                     
      other
    		                      
      changes in operating assets and liabilities:
    		                      
      prepaid expenses and other assets
    		3,667,000 -7,869,000                     
      accounts payable
    		-152,000 -600,000 -3,963,000 2,019,000 2,235,000 6,767,000 -2,318,000 188,000 -6,012,000 4,225,000 -1,649,000 9,244,000 486,000 -2,422,000 -5,681,000 10,618,000 -2,609,000 2,450,000 -1,673,000 681,000 -943,000 3,066,000 
      accrued expenses
    		1,827,000 2,323,000 1,122,000 235,000 -1,867,000 457,000 5,687,000 -923,000 7,939,000 -4,827,000 -1,493,000 -951,000 5,409,000 -1,215,000 2,875,000 1,654,000 1,727,000 -2,110,000 969,000 1,648,000 -301,000 -888,000 
      operating lease liabilities
    		-176,000 -178,000 -207,000 -198,000 -120,000 29,000                 
      other noncurrent liabilities
    		740,000 137,000 677,000 2,000 -87,000 97,000                 
      net cash from operating activities
    		-100,425,000 -71,737,000 -121,580,000 -145,359,000 -61,164,000 -39,720,000 -34,293,000 -30,361,000 -34,447,000 -30,085,000 -27,096,000 -14,815,000 -14,835,000 -24,344,000 -28,240,000 -13,450,000 -20,109,000 -14,982,000 -14,028,000 -12,940,000 -11,524,000 -7,752,000 
      capex
    		0 -72,000 0 0 0 0 0 0 0 0 -2,000 0 1,000 -6,000 -27,000 -16,000 -16,000 -4,000 -2,000 -17,000 -46,000 -61,000 
      free cash flows
    		-100,425,000 -71,809,000 -121,580,000 -145,359,000 -61,164,000 -39,720,000 -34,293,000 -30,361,000 -34,447,000 -30,085,000 -27,098,000 -14,815,000 -14,834,000 -24,350,000 -28,267,000 -13,466,000 -20,125,000 -14,986,000 -14,030,000 -12,957,000 -11,570,000 -7,813,000 
      cash flows from investing activities:
    		                      
      proceeds from sales and maturities of marketable securities
    		114,790,000 97,341,000 82,850,000 74,285,000 105,950,000 72,140,000                 
      purchases of marketable securities
    		-221,412,000 -105,102,000 -63,011,000 -82,924,000 -78,101,000 -152,038,000                 
      purchases of property and equipment
    		0 -72,000         -2,000 0 1,000 -6,000 -27,000 -16,000 -16,000 -4,000 -2,000 -17,000 -46,000 -61,000 
      net cash from investing activities
    		-106,622,000 -7,833,000 19,824,000 -8,639,000 27,849,000 -79,898,000 -63,643,000 38,326,000 -101,808,000 4,106,000 -11,061,000 -42,058,000 -7,596,000 26,772,000 19,086,000 17,359,000 -13,876,000 -15,410,000 -29,028,000 -71,999,000 -5,744,000 -61,000 
      cash flows from financing activities:
    		                      
      proceeds from issuance of common stock and pre-funded warrants in public offering, net of issuance costs
    		0 269,903,000                     
      payments of deferred offering costs
    		  -137,000 0 137,000 -253,000                 
      proceeds from issuance of common stock under at-the-market program, net of issuance costs
    		                      
      proceeds from issuance of common stock upon exercise of common stock warrants
    		  0 24,664,000 27,745,000 1,798,000                 
      proceeds from issuance of common stock upon exercise of stock options
    		26,000 33,000 99,000 82,000 -43,000 104,000 4,000 117,000 327,000 185,000 68,000           9,000 
      proceeds from issuance of common stock under employee stock purchase plan
    		  178,000 0                   
      payments for taxes related to net share settlement upon vesting of restricted stock units
    		-568,000 -1,030,000 -18,000 -904,000 -39,000 -1,686,000                 
      net cash from financing activities
    		20,727,000 268,906,000 136,405,000 33,191,000 27,960,000 21,030,000 162,171,000 -1,480,000 30,766,000 321,654,000 21,011,000 68,631,000 28,160,000 29,000 21,891,000 72,000 1,692,000 216,000 -312,000 158,292,000 -65,000 9,000 
      net change in cash and cash equivalents
    		-186,320,000 189,336,000 34,649,000 -120,807,000 -5,355,000 -98,588,000                 
      cash and cash equivalents at beginning of period
    		0 126,060,000  0 0 316,161,000                 
      cash and cash equivalents at end of period
    		-186,320,000 315,396,000  -120,807,000 -5,355,000 217,573,000                 
      supplemental disclosures of cash information:
    		                      
      cash paid for interest
    		827,000 814,000 1,082,000 685,000 689,000 679,000 680,000 715,000 656,000 542,000 370,000 302,000 235,000 169,000         
      proceeds from issuance of common stock in at-the-market public offering, net of issuance costs
    		      0 0 23,667,000 13,422,000 20,083,000            
      accretion of discounts on marketable securities, net of amortization of premiums
    		                      
      loss on extinguishment of debt
    		  0                    
      prepaid and other assets
    		  -4,527,000 -2,880,000 -16,408,000 2,089,000                 
      proceeds from issuance of common stock and warrants in public offerings, net of issuance costs
    		                      
      proceeds from issuance of common stock in at-the-market public offerings, net of issuance costs
    		  0 0 -18,000 21,067,000                 
      proceeds from term loan facility, net of issuance costs
    		  0    0 0 0 24,363,000     18,500,000 -6,000       
      repayment of term loan
    		                      
      cash and cash equivalents:
    		                      
      beginning of period
    		                      
      end of period
    		                      
      cash paid for amounts included in the measurement of lease liabilities
    		  268,000 267,000                   
      supplemental disclosures of noncash information:
    		                      
      unpaid offering costs included in accrued expenses
    		     18,000                 
      right-of-use assets obtained in exchange for operating lease liabilities
    		                      
      remeasurement of lease liability and right of use asset in connection with lease modification
    		          0            
      issuance of common stock warrants in connection with term loans
    		                      
      proceeds from issuance of common stock in public offerings, net of issuance costs
    		                      
      issuance of common stock warrants in connection with term loan
    		       0 0 482,000             
      cash paid related to operating lease liabilities
    		     46,000                 
      net amortization of investments in marketable securities
    		                      
      non-cash operating lease expense
    		          40,000 44,000           
      deferred tax assets
    		                      
      other non-current liabilities
    		                      
      proceeds from issuance of common stock upon espp purchases
    		      126,000 0   7,000 0           
      net change in cash and cash equivalents, and restricted cash
    		      64,235,000 6,485,000 -105,489,000 295,675,000 -17,146,000 11,758,000 5,729,000 2,457,000 12,737,000        
      cash and cash equivalents, and restricted cash at beginning of period
    		      0 0 0 55,255,000 0 0 0 52,457,000 0 0 0 98,208,000 0 0 0 93,360,000 
      cash and cash equivalents, and restricted cash at end of period
    		        -105,489,000 350,930,000 -17,146,000 11,758,000 5,729,000 54,914,000 12,737,000 3,981,000 -32,293,000 68,032,000 -43,368,000 73,353,000 -17,333,000 85,556,000 
      components of cash and cash equivalents, and restricted cash:
    		                      
      cash and cash equivalents
    		        -105,489,000 350,930,000 -17,146,000 11,783,000 5,729,000 54,889,000 12,737,000 3,981,000 -32,293,000 68,007,000 -43,368,000 73,352,000 -17,333,000 85,532,000 
      restricted cash
    		            0 25,000 0 0 0 25,000 0 1,000 0 24,000 
      total cash and cash equivalents, and restricted cash
    		        -105,489,000 350,930,000 -17,146,000 11,758,000 5,729,000 54,914,000 12,737,000 3,981,000 -32,293,000 68,032,000 -43,368,000 73,353,000 -17,333,000 85,556,000 
      right-of-use assets obtained in exchange for new operating lease liabilities
    		                      
      issuance of common stock warrant in connection with term loan facility
    		              0 0   0 0   
      net accretion on available-for-sale securities
    		                      
      accretion of final payment fee on term loan
    		       100,000 98,000 87,000  120,000           
      amortization of debt issuance costs
    		       139,000 139,000 132,000  75,000 77,000 75,000  198,000 117,000 77,000 76,000 77,000   
      loss on extinguishment of term loan facility
    		       0 0 1,208,000             
      prepaid and other current assets
    		       2,578,000 -1,217,000 -4,599,000 -1,425,000 719,000 2,095,000 1,942,000 -1,553,000 -87,000 -1,306,000 -2,726,000     
      other assets
    		           579,000 -579,000 72,000  -73,000 5,000 72,000     
      operating lease liability
    		       -42,000 -42,000 -41,000 -43,000 -45,000           
      proceeds from sales and maturities of available-for-sale securities
    		       74,548,000 45,000,000 37,880,000     40,795,000 43,675,000       
      purchases of available-for-sale securities
    		       -36,222,000 -146,808,000 -33,774,000 -42,559,000 -69,406,000 -31,330,000 -9,401,000 -21,682,000 -26,300,000 -47,916,000 -45,302,000 -40,190,000 -73,007,000   
      proceeds from issuance of common stock in public offering, net of issuance costs
    		       0 0 296,817,000             
      proceeds from issuance of common stock upon exercise of warrants
    		       0 6,630,000 8,960,000 1,029,000            
      payment of withholding taxes related to restricted stock units
    		       -1,597,000 0 -693,000 -176,000 -53,000           
      repayment of term loan facility
    		       0 0 -21,400,000             
      cash paid for operating leases
    		       46,000 46,000 47,000 47,000 60,000           
      net amortization on available-for-sale securities
    		        -1,148,000 -1,040,000             
      offering costs included in other assets and accrued expenses
    		                      
      amortization of debt issuance costs and accretion of final payment fee
    		                      
      proceeds from issuance of common stock and warrants in public offering, net of issuance costs
    		          0            
      amortization of premium on available-for-sale securities
    		           -311,000 10,000 118,000 161,000 232,000 243,000 229,000 183,000 84,000   
      proceeds from maturities of available-for-sale securities
    		           27,348,000 23,733,000 36,179,000    29,896,000 11,164,000    
      supplemental disclosures of non-cash information:
    		                      
      proceeds from public offering, prior to closing
    		                      
      proceeds from issuance of common stock upon stock option exercises
    		            0 29,000 41,000 78,000 152,000 216,000 236,000 5,000   
      purchases of property and equipment included in accounts payable and accrued expenses
    		                      
      debt issuance costs included in accounts payable
    		                      
      accretion of final payment fee
    		             121,000         
      cash paid for income taxes
    		                      
      proceeds from issuance of common stock upon public offerings, net of issuance costs
    		                      
      payment of debt issuance costs
    		                  0 0   
      proceeds from issuance of common stock upon espp purchase
    		               0    0   
      supplemental cash flow disclosures:
    		                      
      offering costs included in accounts payable and accrued expenses
    		                      
      net decrease in cash and cash equivalents, and restricted cash
    		                -32,293,000 -30,176,000    -7,804,000 
      property and equipment purchases included in accounts payable and accrued expenses
    		                -3,000 6,000    54,000 
      deferred offering costs included in accrued expenses
    		                      
      cash paid for taxes
    		                 154,000 7,000    
      share-based compensation
    		                  1,250,000 1,154,000 910,000 493,000 
      revaluation of convertible preferred stock liability
    		                      
      prepaids and other current assets
    		                    486,000 109,000 
      proceeds from issuance of common stock upon initial public offering, net of issuance costs
    		                      
      proceeds from issuance of convertible preferred stock and convertible preferred stock liability, net of issuance costs
    		                      
      proceeds from issuance of common stock
    		                      
      net increase in cash and cash equivalents, and restricted cash
    		                  -43,368,000 73,353,000   
      property and equipment purchases included in accounts payable
    		                      
      conversion of convertible preferred stock into common stock at close of initial public offering
    		                      
      capital contribution related to extinguishment of convertible preferred stock liability
    		                      
      proceeds from issuance of common stock upon public offering, net of issuance costs
    		                      
      proceeds from issuance of convertible preferred stock and convertible preferred stock liability, net of issuance cost
    		                      
      payment of deferred offering costs
    		                      
      deferred offering costs included in accounts payable and accrued expenses
    		                      
      supplemental disclosures of non-cash investing and financing activities:
    		                      
      noncash investing and financing activities:
    		                      
      proceeds from issuance of convertible note
    		                      
      proceeds from initial public offering net of issuance costs
    		                      
      cash and cash equivalents, and restricted cash at beginning of year
    		                      
      cash and cash equivalents, and restricted cash at end of year
    		                      
      conversion of convertible note into preferred stock
    		                      
      capital contribution related to extinguishment of preferred stock liability
    		                      
    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.