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 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-08-22 2015-06-30 2015-03-31 2014-03-31 2013-12-31 2013-11-16 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-09-30 2009-06-30 2009-03-31 
      
    		                                                       
      operating activities
    		                                                       
      net income
    		-74,116,000 -66,122,000 -57,429,000 -19,217,000 -54,404,000 -50,837,000 -49,525,000 -42,786,000 -38,602,000 -37,174,000 -34,069,000 -33,114,000 -35,504,000 -34,769,000 -32,453,000 -32,743,000 -33,366,000 -33,663,000 -30,694,000 -26,159,000 -23,769,000 -20,487,000 -19,210,000 -17,865,000 -16,392,000 -14,943,000 -13,940,000 -16,097,000 -15,007,000 -14,739,000 -14,604,000 -10,748,000 -9,333,000 -7,820,000 -7,533,000 -7,347,000 -6,926,000 -6,661,000 -6,626,000 -6,090,000 -5,585,000 -4,476,000  -9,750            
      adjustments to reconcile net income to net cash from operating activities:
    		                                                       
      share-based compensation expense
    		10,965,000 6,949,000 7,842,000 8,631,000 8,324,000 8,430,000 8,512,000 7,167,000 7,090,000 6,987,000 6,838,000 6,805,000 6,355,000 6,508,000 6,650,000 6,397,000 6,114,000 5,993,000 5,075,000 3,742,000 3,360,000 2,552,000 3,153,000 2,439,000 2,452,000 2,249,000 2,269,000 1,716,000 2,523,000 2,236,000 2,179,000 1,446,000 1,175,000 1,030,000 894,000 586,000 584,000 429,000 490,000 534,000 485,000 644,000              
      depreciation expense
    		164,000 224,000 241,000 204,000 208,000 202,000 234,000 214,000 216,000 213,000 206,000 206,000 193,000 183,000 177,000 166,000 160,000 124,000 108,000 108,000 74,000       0 1,000 4,000 5,000 7,000 7,000 8,000 8,000 8,000 8,000 7,000 8,000 7,000 3,000 3,000              
      non-cash interest expense
    		141,000 138,000 133,000 140,000 134,000 127,000 122,000 119,000 122,000 121,000 115,000     0 0           17,000 53,000 57,000 57,000 56,000 30,000 16,000 16,000 15,000 16,000                   
      amortization of premium and accretion of discounts on short-term investments
    		-1,924,000 -2,520,000 -2,662,000                                                     
      changes in operating assets and liabilities
    		                                                       
      contract liabilities
    		15,664,000 -10,831,000 34,594,000                                                     
      accounts payable and accrued expenses
    		12,716,000 7,525,000 -5,427,000 12,702,000 5,676,000 -50,000 -3,128,000 7,646,000 3,932,000 4,113,000 -5,364,000 -1,560,000 6,350,000 -341,000 -5,251,000 31,000 139,000 -1,236,000 -1,452,000 3,684,000 2,530,000 1,854,000 -2,391,000 1,804,000 2,176,000 -1,204,000 -1,920,000 3,565,000 723,000 374,000 440,000 2,433,000 1,675,000 586,000 -1,088,000 497,000 856,000 215,000 -1,097,000 1,179,000 1,292,000 90,000              
      other long-term liabilities
    		297,000 369,000 259,000 235,000 210,000 144,000 169,000 62,000 29,000 33,000 13,000 17,000 83,000 -37,000 121,000 19,000 61,000 -146,000 46,000 50,000 234,000 -130,000 59,000 83,000 57,000 54,000 16,000 66,000 56,000 54,000 58,000 52,000 57,000 -38,000 147,000 113,000 30,000   -1,000                
      receivable from contracts with collaborators
    		-31,362,000 44,172,000 -46,686,000                                                     
      prepaid expenses and other current assets
    		-10,289,000 -7,512,000 -1,039,000 -9,542,000 357,000 2,464,000 -2,189,000 -2,534,000 800,000 1,883,000 -2,109,000 1,352,000 912,000 -2,569,000 -2,630,000 1,131,000 678,000 694,000 -2,860,000 -474,000 130,000 1,115,000 -1,482,000 -547,000 -396,000 -288,000 146,000 825,000 -256,000 -402,000 -624,000 -12,000 278,000 -53,000 -409,000 161,000 159,000 158,000 -510,000 134,000                
      operating lease right-of-use and other long-term assets
    		-2,883,000 -1,169,000 -1,753,000 685,000 -508,000 539,000 231,000 -1,463,000 276,000 317,000 185,000                                             
      net cash from operating activities
    		-80,627,000 -28,777,000 -71,927,000 269,131,000 -43,440,000 -42,530,000 -48,844,000 -34,308,000 -29,027,000 -25,617,000 -35,872,000 -26,530,000 -21,010,000 -30,341,000 -32,181,000 -23,366,000 -24,594,000 -28,074,000 -28,517,000 -18,308,000 -16,966,000 -14,734,000 -19,822,000 -13,933,000 -12,145,000 -14,431,000 -14,251,000 -10,211,000 -13,001,000 -12,592,000 -12,851,000 -7,474,000 -6,235,000 -6,110,000 -8,622,000 -6,738,000 -5,472,000 -5,825,000 -7,314,000 -4,430,000 -3,767,000 -4,123,000 -400 -4,012            
      capex
    		-2,567,000 -1,458,000 -292,000 -372,000 0 -16,000 -84,000 -16,000 -20,000 -96,000 -36,000 -12,000 -381,000 -184,000 -49,000 -102,000 -723,000 -291,000 -31,000 -275,000 -665,000 -720,000 -511,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -22,000 -17,000 -10,000 0 0            
      free cash flows
    		-83,194,000 -30,235,000 -72,219,000 268,759,000 -43,440,000 -42,546,000 -48,928,000 -34,324,000 -29,047,000 -25,713,000 -35,908,000 -26,542,000 -21,391,000 -30,525,000 -32,230,000 -23,468,000 -25,317,000 -28,365,000 -28,548,000 -18,583,000 -17,631,000 -15,454,000 -20,333,000 -13,933,000 -12,145,000 -14,431,000 -14,251,000 -10,211,000 -13,001,000 -12,592,000 -12,851,000 -7,474,000 -6,235,000 -6,110,000 -8,622,000 -6,738,000 -5,472,000 -5,825,000 -7,314,000 -4,452,000 -3,784,000 -4,133,000 -400 -4,012            
      investing activities
    		                                                       
      maturities of short-term investments
    		235,032,000 174,999,000 167,597,000                                                     
      purchases of short-term investments
    		-138,499,000 -114,600,000 -268,714,000                                                     
      purchases of property and equipment
    		-2,567,000 -1,458,000 -292,000 -372,000 0 -16,000 -84,000 -16,000 -20,000 -96,000 -36,000 -12,000 -381,000 -184,000 -49,000 -102,000 -723,000 -291,000 -31,000 -275,000 -665,000 -720,000 -511,000                 -22,000 -17,000 -10,000              
      net cash from investing activities
    		93,966,000 58,941,000 -101,409,000 -94,955,000 45,535,000 43,167,000 -95,337,000 42,195,000 8,559,000 -46,326,000 11,129,000 -47,318,000 71,810,000 33,097,000 -24,962,000 74,061,000 22,545,000 -37,221,000 -186,220,000 -60,190,000 -45,520,000 -21,687,000 27,461,000 -15,257,000 -55,752,000 8,876,000 15,808,000 4,618,000 -58,061,000 3,857,000 -29,714,000 -4,091,000 -36,294,000 7,433,000 9,534,000 9,680,000 143,000 -5,842,000 8,197,000 -3,891,000 -26,277,000 -10,000              
      financing activities
    		                                                       
      proceeds from issuance of stock under equity plans
    		0 515,000 143,000 807,000 2,202,000 3,040,000 2,555,000 691,000 84,000   567,000 880,000                                           
      proceeds from issuance of common stock and pre-funded warrants, net of offering costs
    		    0 0 145,814,000  0                                               
      net cash from financing activities
    		0 515,000 143,000 806,000 2,202,000 3,040,000 148,369,000 691,000 84,000   34,713,000 880,000 2,669,000 303,000 794,000 2,258,000 -6,566,000 79,000 327,036,000 4,683,000 137,368,000 247,000 583,000 559,000 109,857,000 102,000 1,144,000 73,972,000 -125,000 57,650,000 -338,000 53,711,000 189,000 5,000 0 0   -252,000 -3,739,000 56,580,000  0 0    25,000 0   0   
      net increase in cash and cash equivalents
    		13,339,000 30,679,000 -173,193,000 174,982,000 4,297,000 3,677,000 4,188,000                 -28,607,000 -67,338,000 104,302,000 1,659,000 -4,449,000 2,910,000 -8,860,000 15,085,000 -11,903,000 11,182,000 1,512,000 917,000 2,942,000 -5,329,000 -4,214,000 883,000 -8,573,000   -400 -4,012 -8,125 -3,100 -15,379 -2,264 24,644 -3,506 -5,235 -147 -3,744 9,367 -100 
      cash and cash equivalents at beginning of period
    		0 0 224,462,000 0 0 0 37,318,000 0                0 0 0 16,119,000 0 0 0 11,433,000 0 0 0 9,725,000 0 0 0 15,443,000 0    0            
      cash and cash equivalents at end of period
    		13,339,000 30,679,000 51,269,000 174,982,000 4,297,000 3,677,000 41,506,000 8,578,000                -28,607,000 -67,338,000 104,302,000 17,778,000 -4,449,000 2,910,000 -8,860,000 26,518,000 -11,903,000 11,182,000 1,512,000 10,642,000 2,942,000 -5,329,000 -4,214,000 16,326,000 -8,573,000    -4,012            
      supplemental disclosure of non-cash investing activities
    		                                                       
      unpaid amounts related to purchases of property and equipment
    		                                                       
      changes in operating assets and liabilities:
    		                                                       
      proceeds from issuances of common stock and pre-funded warrants, net of offering costs
    		                                                       
      proceeds from long-term debt
    		                                                       
      payment of fees related to issuance of long-term debt
    		                                                       
      supplemental disclosure of cash flow information
    		                                                       
      interest paid
    		                               161,000 161,000 157,000 148,000                     
      supplemental non-cash disclosures
    		                                                       
      warrants issued in connection with debt facility
    		                                                       
      amortization of premium and accretion of discounts on marketable securities
    		    -3,437,000 -3,549,000 -3,270,000 -2,733,000 -2,890,000 -2,110,000 -1,687,000 -654,000 370,000 794,000 1,100,000 1,216,000 1,188,000 1,137,000 850,000         -636,000 -596,000 -428,000 -275,000                         
      purchases of marketable securities
    		    -61,729,000 -161,673,000 -195,063,000 -99,689,000 -96,671,000 -139,629,000 -73,835,000 -106,123,000 -56,953,000 -56,179,000 -51,400,000 -16,337,000 -76,232,000 -129,930,000 -223,158,000 -128,020,000 -96,125,000 -85,544,000 -11,274,000 -30,747,000 -94,952,000 -51,024,000 -50,848,000 -33,982,000 -96,611,000 -30,643,000 -76,207,000 -21,381,000 -59,894,000 -8,817,000 -10,543,000 -15,220,000 -17,762,000 -19,442,000 -4,003,000 -3,869,000                
      maturities of marketable securities
    		    107,264,000 204,856,000 99,810,000 141,900,000 105,250,000 93,399,000 85,000,000 58,817,000 129,144,000 89,460,000 26,487,000 90,500,000 99,500,000 93,000,000 36,969,000         38,600,000 38,550,000 34,500,000 46,493,000 17,290,000 23,600,000 16,250,000 20,077,000 24,900,000 17,905,000 13,600,000 12,200,000                 
      income from extinguishment of debt
    		                                                       
      repayment of long-term debt
    		               0 0 -6,500,000 -750,000         -250,000 -750,000                           
      payment of fees related to extinguishment of debt
    		               0 0                                       
      net decrease in cash, cash equivalents
    		                                                       
      supplemental disclosure of cash flow information:
    		                                                       
      supplemental non-cash disclosures:
    		                                                       
      net decrease in cash, cash equivalents and restricted cash
    		         22,065,000 -24,743,000   5,425,000 -56,840,000                                         
      cash, cash equivalents and restricted cash at beginning of period
    		         0 52,012,000 0 0 0 90,882,000 0 0 0 325,703,000 0 0 0 26,135,000                                 
      cash, cash equivalents and restricted cash at end of period
    		         22,065,000 27,269,000 -39,135,000 51,680,000 5,425,000 34,042,000 51,489,000 209,000 -71,861,000 111,045,000 248,538,000 -57,803,000 100,947,000 34,021,000                                 
      proceeds from issuances of common stock
    		                                                       
      net increase in cash, cash equivalents and restricted cash
    		           -39,135,000    51,489,000 209,000 -71,861,000 -214,658,000 248,538,000 -57,803,000 100,947,000 7,886,000                                 
      loss on extinguishment of debt
    		                0                                       
      other long-term assets
    		            231,000 -110,000 105,000 417,000 432,000 -1,588,000 410,000 373,000 299,000 373,000 160,000 133,000 71,000 -82,000 -239,000 -149,000 -313,000 121,000 -163,000 -388,000 -88,000 171,000 -288,000 -429,000 -274,000 -23,000 74,000 -159,000                
      proceeds from issuance of stock under equity incentive plan
    		              303,000                                         
      proceeds from exercises of stock options and purchases under employee stock purchase plan
    		               794,000 2,258,000                                       
      proceeds from issuance of common stock
    		                    -180,000    -213,000    74,520,000 0 57,650,000 -4,000 53,524,000       -255,000 -3,739,000 51,580,000              
      proceeds from exercise of stock options
    		                  829,000    247,000    102,000  202,000   10,000 187,000 30,000 5,000                     
      maturities and sales of marketable securities
    		                   68,105,000 51,270,000 64,577,000 39,246,000 15,490,000 39,200,000 59,900,000 66,656,000                             
      proceeds from issuance of long-term debt
    		                                   0 0                   
      amortization of premium and accretion of discount on marketable securities
    		                    176,000 -24,000 -110,000  -128,000 -319,000 -540,000                             
      proceeds from exercise of stock options and purchases under employee stock purchase plan
    		                    4,863,000   604,000 772,000                               
      accounts receivable, related party
    		                      -1,000 17,000 64,000 84,000 45,000 8,000 -2,000 27,000 -41,000 -7,000 95,000 37,000 -46,000 -34,000 25,000 120,000 24,000 -7,000 -24,000 -318,000              
      loss on debt extinguishment
    		                                                       
      payment of fee related to long-term debt
    		                                                       
      other long-term assets, related party
    		                        57,000 49,000 57,000                             
      accounts payable and accrued expenses, related party
    		                        -106,000 -31,000 -145,000 -24,000 -183,000 104,000 117,000 -126,000 -55,000 -31,000 -342,000 -318,000 34,000 -141,000 258,000                 
      amortization of discount on marketable securities
    		                                -76,000 -16,000 19,000 10,000 16,000 38,000 65,000 67,000                
      non-cash license fee expense
    		                                       0 0 500,000              
      change in value of derivative liability
    		                                       -39,000                
      non-cash interest expense, related party
    		                                                       
      proceeds from issuance of convertible notes
    		                                                       
      proceeds from issuance of convertible notes, related party
    		                                                       
      conversion of convertible notes and related accrued interest to common stock
    		                                       0 0 4,327,000              
      conversion of convertible notes and related accrued interest to common stock, related party
    		                                       0 0 3,288,000              
      proceeds from issuance of convertible notes payable
    		                                       0 0 5,000,000              
      proceeds from issuance of convertible notes payable, related party
    		                                                       
      proceeds from issuance of restricted stock awards
    		                                                       
      supplemental disclosure of non-cash financing activities:
    		                                                       
      financing costs included in accounts payable and accrued expenses
    		                                        -3,282,000 3,535,000              
      non-cash accrued interest expense
    		                                       0 0 37,000              
      non-cash accrued interest expense, related party
    		                                                       
      long-term liabilities
    		                                                       
      accounts payable, related party
    		                                         927,000              
      proceeds from issuance of notes payable, related party
    		                                                       
      non-cash accrued interest expense, related parties
    		                                        1,000 41,000              
      prepaid expenses
    		                                         -664,000              
      other liabilities
    		                                         -907,000              
      net increase in cash
    		                                         52,447,000              
      cash at beginning of period
    		                                         1,124,000              
      cash at end of period
    		                                         53,571,000              
      •
    		                                                       
      net cash (used in) investing activities
    		                                                       
      decrease (increase) in prepaid expenses
    		                                                       
      increase in accounts payable
    		                                           -300            
      increase in accrued interest
    		                                           1,663            
      increase in accrued expenses
    		                                                       
      proceeds from notes payable, stockholders
    		                                           0            
      payments on notes payable, stockholders
    		                                                       
      deferred tax asset:
    		                                                       
      capitalized formation costs
    		                                                       
      net operating income carryforward
    		                                                       
      valuation allowance
    		                                                       
      net deferred tax asset recognized
    		                                                       
      increase in prepaid expenses
    		                                                       
      1.
    		                                                       
      net cash (used in) operating activities
    		                                             -3,100 -15,379 -2,264 -356 -3,506 -15,235 -147 -3,744 -15,633 -100 
    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.