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 
      
    		                       
      cash flows from operating activities:
    		                       
      net income
    		-7,280,000 -30,696,000 148,451,000 -46,026,000 -52,956,000 -45,257,000 -43,114,000 -40,243,000 -39,440,000 -37,505,000 -35,804,000 -29,718,000 -23,509,000 -27,266,000 -24,186,000 -6,940,000 -20,297,000 -15,622,000 -15,885,000 -10,676,000 -12,036,000 -10,757,000 -11,892,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                       
      depreciation expense
    		395,000 370,000 344,000 332,000 314,000 306,000 277,000 247,000 210,000 191,000 167,000 127,000 126,000 308,000 113,000 104,000 103,000 91,000 80,000 75,000 72,000 68,000 63,000 
      gain on disposal of fixed asset
    		0                       
      stock-based compensation expense
    		3,986,000 8,542,000 8,863,000 9,200,000 8,817,000 8,785,000 8,070,000 7,324,000 8,711,000 7,041,000 5,687,000 4,746,000 4,754,000 4,794,000 4,388,000 3,295,000 3,084,000 2,849,000 2,494,000 1,522,000 1,424,000 1,139,000 12,000 
      non-cash lease expense
    		609,000 595,000 584,000 572,000 563,000 346,000 339,000 335,000 341,000 354,000 522,000 321,000 211,000 206,000 203,000 198,000 120,000 103,000 99,000 98,000 49,000 91,000 89,000 
      changes in operating assets and liabilities:
    		                       
      accounts receivable
    		12,324,000 1,475,000 -14,549,000 -2,354,000 -384,000 222,000 -83,000     0 0 0 18,000,000         
      prepaid expenses and other current assets
    		4,434,000 -5,100,000 4,543,000 -5,246,000 5,873,000 -6,366,000 -4,478,000 539,000 -4,260,000 -1,489,000 -4,074,000 -270,000 287,000 -4,102,000 764,000 1,327,000 -521,000 -3,425,000 1,071,000 756,000 1,224,000 -2,633,000 -816,000 
      other assets
    		0 463,000 1,593,000 -469,000 491,000       0            
      accounts payable
    		-2,955,000 -1,368,000 2,019,000 -293,000 -1,592,000 1,613,000 23,000 1,044,000 -182,000 -570,000 1,322,000 595,000 -4,994,000 4,659,000 -668,000 823,000 1,439,000 -1,636,000 859,000 433,000 -3,136,000 2,957,000 -193,000 
      right-of-use assets and operating lease liabilities
    		-525,000 -459,000 -448,000                     
      deferred revenue
    		-770,000 -2,383,000 3,308,000                     
      current tax liability
    		-2,174,000 -3,722,000 10,043,000                     
      accrued expenses and other current liabilities
    		-4,795,000 2,674,000 -3,580,000 -1,299,000 8,705,000 900,000 -5,354,000 5,787,000 274,000 1,173,000 -1,977,000 4,263,000 1,281,000 -583,000 361,000 -97,000 1,651,000 204,000 894,000 -85,000 1,655,000 -2,251,000 3,271,000 
      net cash from operating activities
    		3,249,000 -29,623,000 161,171,000 -46,008,000 -30,500,000 -39,801,000 -44,560,000 -25,459,000 -33,982,000 -30,832,000 -34,235,000 -21,443,000 -24,602,000 -22,590,000 -1,427,000 -19,565,000 -14,441,000 -17,637,000 -10,505,000 -7,991,000 -10,856,000 -9,927,000 -8,120,000 
      capex
    		-132,000 -720,000 -565,000 -289,000 -386,000 -310,000 -946,000 -541,000 -550,000 -311,000 -1,062,000 -351,000 -176,000 -567,000 -147,000 -159,000 -145,000 -510,000 -210,000 -60,000 -30,000 -28,000 -176,000 
      free cash flows
    		3,117,000 -30,343,000 160,606,000 -46,297,000 -30,886,000 -40,111,000 -45,506,000 -26,000,000 -34,532,000 -31,143,000 -35,297,000 -21,794,000 -24,778,000 -23,157,000 -1,574,000 -19,724,000 -14,586,000 -18,147,000 -10,715,000 -8,051,000 -10,886,000 -9,955,000 -8,296,000 
      cash flows from investing activities:
    		                       
      purchase of property and equipment
    		-132,000 -720,000 -565,000 -289,000 -386,000 -310,000 -946,000 -541,000 -550,000 -311,000 -1,062,000 -351,000 -176,000 -567,000 -147,000 -159,000 -145,000 -510,000 -210,000 -60,000 -30,000 -28,000 -176,000 
      net cash from investing activities
    		-132,000 -720,000 -565,000 -289,000 -386,000 -310,000 -946,000 -541,000 -550,000 -311,000 -1,062,000 -351,000 -176,000 -567,000 -147,000 -159,000 -145,000 -510,000 -210,000 -60,000 -30,000 -28,000 -176,000 
      cash flows from financing activities:
    		                       
      proceeds from issuance of common stock, net of underwriting discounts
    		   0 0 0 151,340,000                 
      payment of issuance costs
    		   0 0 -24,000 -259,000 -67,000               -219,000 
      proceeds from issuance of common stock under the atm agreement, net of commissions
    		   73,099,000 155,066,000                   
      payment of issuance costs associated with issuance of common stock under the atm agreement
    		   0 -130,000                   
      proceeds from issuance of common stock under the employee stock purchase plan
    		                       
      proceeds from exercise of stock options
    		2,000 17,000 4,000 2,445,000 1,008,000 2,967,000 5,721,000 804,000 311,000 1,740,000 370,000 102,000 96,000 502,000 118,000 245,000 35,000 57,000 42,000 7,000 9,000 9,000 13,000 
      net cash from financing activities
    		140,000 17,000 4,000 75,544,000 155,944,000 3,531,000 156,802,000 69,254,000 284,000 1,740,000 107,678,000 61,416,000 48,583,000 10,192,000 118,000 28,416,000 35,000 57,000 42,000 140,117,000 9,000 100,124,000 55,794,000 
      net increase in cash, cash equivalents and restricted cash
    		3,257,000 -30,326,000 160,610,000 29,247,000 125,058,000 -36,580,000 111,296,000 43,254,000 -34,248,000 -29,403,000 72,381,000 39,622,000    8,692,000 -14,551,000 -18,090,000 -10,673,000 132,066,000 -10,877,000   
      cash, cash equivalents and restricted cash at beginning of period
    		0 0 561,380,000  0 0 332,359,000  0 0 280,375,000  0 0 231,369,000  0 0 265,991,000  0 0 7,135,000 
      cash, cash equivalents and restricted cash at end of period
    		3,257,000 -30,326,000 721,990,000  125,058,000 -36,580,000 443,655,000  -34,248,000 -29,403,000 352,756,000  23,805,000 -12,965,000 229,913,000  -14,551,000 -18,090,000 255,318,000  -10,877,000 90,169,000 54,633,000 
      supplemental disclosure of cash flow information:
    		                       
      cash paid for federal income taxes
    		750,000                       
      right-of-use assets obtained in exchange for operating lease obligation
    		   0    0 0 0 1,338,000             
      property and equipment purchases in accounts payable and accrued expenses
    		-9,000 -1,000 15,000  2,000 -146,000 230,000                 
      issuance costs associated with the atm agreement in accounts payable and accrued expenses
    		                       
      loss on disposal of fixed asset
    		       0 0 0 4,000 1,000    26,000 0       
      cash, cash equivalents and restricted cash at beginning of year
    		                       
      cash, cash equivalents and restricted cash at end of year
    		                       
      property and equipment purchases in accounts payable
    		        5,000 34,000 21,000  -11,000 -63,000 87,000         
      issuance costs in accrued and accounts payable
    		                       
      right-to-use assets and operating lease liabilities
    		    -331,000 -324,000 -240,000  364,000 -27,000 -82,000             
      other liabilities
    		               -16,000 -16,000 -15,000 -15,000 -15,000 -14,000 -13,000 -15,000 
      proceeds from issuance of common stock, net of offering cost
    		       68,517,000 0 0 107,308,000 61,401,000 48,487,000           
      property and equipment purchases still in accounts payable
    		               -124,000        
      issuance cost still in accrued and accounts payable
    		                       
      issuance cost in accrued expenses
    		            11,000           
      change in right-to-use asset
    		                       
      operating lease liabilities
    		             -606,000 -402,000  605,000 -106,000 -102,000 -99,000 -94,000 -93,000 -90,000 
      net decrease in cash, cash equivalents and restricted cash
    		             -12,965,000 -1,456,000         
      changes in fair value of preferred stock tranche obligation
    		                   0 0 0 1,490,000 
      research and development incentive receivable
    		                   0 0 805,000 117,000 
      deferred ipo costs
    		                   0 0 760,000 -156,000 
      proceeds from issuance of series c preferred stock
    		                   0 0 0 56,000,000 
      payment of series c preferred stock issuance costs
    		                   0 0   
      proceeds from issuance of common stock, from the initial public offering, net of underwriting discounts of 7,728
    		                       
      payment of initial public offering costs
    		                   0 0   
      proceeds from issuance of common stock, from follow-on financing, net of underwriting discounts of 8,970
    		                       
      payment of follow-on financing offering costs
    		                       
      settlement of preferred stock tranche obligation
    		                   0 0 0 6,446,000 
      conversion of preferred stock into common stock upon closing of initial public offering
    		                   0 0   
      change in right to use asset
    		                       
      proceeds from issuance of common stock, from the initial public offering, net of offering costs of 7,728
    		                       
      deferred ipo costs in accounts payable and accrued expenses
    		                      1,259,000 
      cash paid for taxes
    		                       
      proceeds from issuance of common stock from the initial public offering, net of underwriting discounts of 7,728
    		                    0   
      net increase/(decrease) in cash, cash equivalents and restricted cash
    		                      47,498,000 
    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.