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 
      
    		                   
      cash flows from operating activities
    		                   
      net income
    		-40,666,000 -36,115,000 -40,798,000 -39,662,000 -34,129,000 -31,497,000 -28,525,000 -30,143,000 -25,713,000 -21,469,000 -22,838,000 -19,415,000 -17,498,000 -16,067,000 -14,660,000 -12,696,000 -12,949,000 -10,353,000 -6,815,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                   
      depreciation
    		523,000 523,000 513,000 577,000 539,000 480,000 473,000 483,000 449,000 424,000 195,000 88,000 100,000 97,000 83,000 78,000 64,000 51,000 79,000 
      stock-based compensation
    		8,085,000 7,733,000 9,059,000 7,737,000 6,880,000 5,224,000 4,871,000 5,153,000 4,559,000 4,011,000 3,837,000 3,736,000 3,173,000 2,037,000 1,978,000 1,873,000 1,548,000 687,000 296,000 
      accretion of discount on marketable securities
    		-2,056,000 -2,203,000 -1,923,000                 
      amortization of right-of-use asset
    		47,000 44,000 41,000 52,000 63,000 54,000 52,000 50,000 48,000 37,000 46,000 4,000 65,000 57,000 44,000     
      changes in assets and liabilities:
    		                   
      prepaid expenses and other assets
    		-1,298,000 -2,472,000 -1,478,000 1,587,000 791,000 977,000 -63,000 -379,000 -1,157,000 -1,658,000 -359,000 279,000 -190,000 -1,939,000 398,000  1,060,000 -2,945,000 -66,000 
      accounts payable
    		-2,132,000 -151,000 2,858,000 92,000 -1,028,000 1,893,000 780,000 -1,382,000 1,762,000 -312,000 -160,000 576,000 938,000 -2,655,000 1,188,000 1,551,000 -524,000 1,690,000 -63,000 
      accrued compensation
    		2,362,000 1,661,000 -6,081,000 3,870,000 1,942,000 1,319,000 -2,770,000 1,287,000 1,283,000 1,051,000 -1,958,000 1,328,000 680,000 678,000 -1,451,000 767,000 657,000 701,000 -503,000 
      accrued other incomes and other liabilities
    		548,000 -1,415,000 122,000 1,098,000 987,000 -825,000 -102,000 390,000 -811,000 577,000 370,000         
      lease liability
    		-189,000 -187,000 -179,000 294,000 -179,000 -171,000 -164,000 -117,000 -103,000 0 116,000 1,812,000 1,041,000 43,000 24,000     
      net cash from operating activities
    		-34,776,000 -32,582,000 -37,866,000 -26,957,000 -27,374,000 -26,099,000 -28,598,000 -26,830,000 -22,058,000 -20,234,000 -22,826,000 -11,820,000 -11,998,000 -16,245,000 -12,572,000 -9,419,000 -8,262,000 -9,769,000 -6,057,000 
      capex
    		-89,000 -50,000 -44,000 -274,000 -520,000 -221,000 -297,000 -161,000 -457,000 -759,000 -4,368,000 -3,293,000 -1,330,000 -554,000 -369,000 -79,000 -451,000 -76,000 -62,000 
      free cash flows
    		-34,865,000 -32,632,000 -37,910,000 -27,231,000 -27,894,000 -26,320,000 -28,895,000 -26,991,000 -22,515,000 -20,993,000 -27,194,000 -15,113,000 -13,328,000 -16,799,000 -12,941,000 -9,498,000 -8,713,000 -9,845,000 -6,119,000 
      ​
    		                   
      cash flows from investing activities
    		                   
      purchases of marketable securities
    		-66,999,000 -263,762,000 -122,180,000 -63,178,000 -45,319,000 -40,955,000 -327,603,000 -39,786,000 -84,667,000 -114,455,000 -16,958,000 -146,691,000 -67,990,000 -63,751,000 -13,956,000 -15,044,000 -41,357,000 -167,091,000 -64,711,000 
      sales of marketable securities
    		12,802,000 23,650,000 15,000,000 3,074,000 10,961,000 874,000 885,000 929,000 14,043,000 4,539,000 607,000 4,529,000 12,719,000 4,494,000 8,832,000     
      maturities of marketable securities
    		90,002,000 77,996,000 151,122,000 81,300,000 60,240,000 77,670,000 58,707,000 66,001,000 94,500,000 114,117,000 69,761,000 69,859,000 30,280,000 59,765,000 36,879,000 25,800,000 10,200,000   
      purchases of property and equipment
    		-89,000 -50,000 -44,000 -274,000 -520,000 -221,000 -297,000 -161,000 -457,000 -759,000 -4,368,000 -3,293,000 -1,330,000 -554,000 -369,000 -79,000 -451,000 -76,000 -62,000 
      net cash from investing activities
    		35,716,000 -162,166,000 43,898,000 20,922,000 25,362,000 37,368,000 -268,308,000 26,983,000 23,419,000 3,442,000 49,042,000 -75,596,000 -26,321,000 -46,000 31,386,000 14,121,000 -31,608,000 -159,967,000 -64,773,000 
      cash flows from financing activities
    		                   
      proceeds from issuance of common stock, net of offering costs
    		0                   
      exercise of stock options
    		1,659,000 233,000 2,261,000 2,430,000 3,547,000 1,577,000 1,926,000 62,000 3,000 31,000 21,000 25,000 52,000 255,000 73,000 45,000 37,000 7,000 23,000 
      payment of deferred offering costs
    		  -38,000 0 -214,000               
      proceeds from employee stock purchase plan
    		0   465,000 0   258,000 0   142,000 0       
      net cash from financing activities
    		1,659,000 188,231,000 2,223,000 2,895,000 3,333,000 1,952,000 241,073,000 52,987,000 -211,000 369,000 21,000 -338,000 129,725,000 179,000 73,000 293,000 37,000 -896,000 186,950,000 
      net change in cash and cash equivalents
    		2,599,000 -6,517,000 8,255,000 -3,140,000 1,321,000 13,221,000 -55,833,000 53,140,000 1,150,000 -16,423,000 26,237,000 -87,754,000 91,406,000 -16,112,000 18,887,000 4,995,000 -39,833,000 -170,632,000 116,120,000 
      cash and cash equivalents at beginning of period
    		0 0 41,666,000 0 0 0 86,097,000 0 0 0 21,993,000 0 0 0 15,566,000 0 0 0 104,916,000 
      cash and cash equivalents at end of period
    		2,599,000 -6,517,000 49,921,000 -3,140,000 1,321,000 13,221,000 30,264,000 53,140,000 1,150,000 -16,423,000 48,230,000 -87,754,000 91,406,000 -16,112,000 34,453,000 4,995,000 -39,833,000 -170,632,000 221,036,000 
      supplemental disclosures of non-cash investing and financing activities:
    		                   
      reduction to right-of-use due to tenant improvement receivable
    		                   
      property and equipment purchases included in accounts payable
    		-31,000             142,000 309,000     
      deferred offering costs included in accounts payable and accrued other incomes
    		  395,000                 
      proceeds from issuance of common stock, net of underwriting discounts and commissions and offering costs
    		   0 0 0 239,147,000             
      property and equipment purchases included in accounts payable and accrued other incomes
    		   -160,000 88,000 -28,000 144,000 87,000 -184,000 124,000 200,000 -70,000        
      right-of-use asset obtained in exchange for new operating lease liability, net of tenant improvement receivable
    		       0 -8,000 0 1,118,000  -184,000 -502,000 2,174,000     
      amortization (accretion) of (discount) on marketable securities
    		    -3,240,000               
      amortization (accretion) of premium (discount) on marketable securities
    		      -3,150,000 -2,172,000 -2,375,000 -2,895,000 -2,075,000 -1,755,000 127,000 415,000 670,000     
      proceeds from issuance of common stock, net of underwriting discounts and commissions
    		                   
      payment of offering costs and deferred offering costs
    		                   
      offering costs and deferred offering costs included in accounts payable and accrued other incomes
    		                   
      deferred offering costs included in accrued expenses
    		              141,000     
      proceeds from initial public offering of common stock, net of underwriting discounts and commissions and offering costs
    		               0 0 -903,000 187,051,000 
      payment of preferred stock issuance costs
    		               0 0 0 -124,000 
      right-of-use asset obtained in exchange for new operating lease liability, net of reimbursed tenant improvements
    		                   
      conversion of convertible preferred stock upon closing of initial public offering
    		               0 0 0 160,214,000 
      accrued other incomes
    		            -434,000 1,089,000 -846,000 -551,000 1,882,000 400,000 1,015,000 
      debt proceeds
    		                   
      property and equipment purchases included in debt
    		                   
      receivable for option exercises
    		                  2,000 
      unpaid initial public offering costs included in accounts payable
    		                  495,000 
      unpaid initial public offering costs included in accrued expenses
    		                  408,000 
      prepaid expenses, other assets and other long-term liabilities
    		                   
      proceeds from issuance of series b-2 convertible preferred stock
    		                   
      proceeds from issuance of series c convertible preferred stock
    		                   
      supplemental disclosures of non-cash financing activities:
    		                   
      preferred stock issuance costs included in accrued other incomes
    		                   
    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.