Personalis, Inc(NASDAQ:PSNL)
Personalis, Inc. operates as a cancer genomics company worldwide. The company provides sequencing and data analysis services to support the development of cancer therapies. It offers NeXT Platform, which provides data for cancer therapy development, personalized therapies, therapy selection, and dia...
Website: http://www.personalis.com
Founded: 2011
IPO Price: $17 (Jun 20, 2019)
Full Time Employees: 181
CEO: John S. West
Sector: Healthcare
Industry: Diagnostics & Research
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 15,472,000 | 17,345,000 | 14,495,000 | 17,203,000 | 20,605,000 | 16,800,000 | 25,709,000 | 22,580,000 | 19,525,000 | 19,675,000 | 18,247,000 | 16,699,000 | 18,860,000 | 16,722,000 | 14,858,000 | 18,240,000 | 15,227,000 | 20,682,000 | 22,261,000 | 21,670,000 | ||||||||
yoy | -24.91% | 3.24% | -43.62% | -23.81% | 5.53% | -14.61% | 40.89% | 35.22% | 3.53% | 17.66% | 22.81% | -8.45% | 23.86% | -19.15% | -33.26% | -15.83% | ||||||||||||
qoq | -10.80% | 19.66% | -15.74% | -16.51% | 22.65% | -34.65% | 13.86% | 15.65% | -0.76% | 7.83% | 9.27% | -11.46% | 12.79% | 12.55% | -18.54% | 19.79% | -26.38% | -7.09% | 2.73% | |||||||||
costs and expenses | ||||||||||||||||||||||||||||
cost of revenue | 15,191,000 | 15,445,000 | 12,581,000 | 12,447,000 | 13,398,000 | 12,250,000 | 16,964,000 | 14,543,000 | 14,032,000 | 14,470,000 | 14,766,000 | 11,907,000 | 14,130,000 | 14,410,000 | 12,379,000 | 13,959,000 | 10,949,000 | 12,686,000 | 14,195,000 | 13,502,000 | ||||||||
research and development | 14,539,000 | 13,072,000 | 12,171,000 | 12,381,000 | 12,640,000 | 11,494,000 | 11,683,000 | 12,957,000 | 12,771,000 | 13,613,000 | 16,738,000 | 17,852,000 | 16,573,000 | 16,569,000 | 14,957,000 | 16,288,000 | 17,098,000 | 14,512,000 | 13,617,000 | 11,687,000 | 9,496,000 | 8,520,000 | 7,193,000 | 6,465,000 | 6,390,000 | 7,373,000 | 5,303,000 | 4,497,000 |
selling, general and administrative | 17,903,000 | 14,094,000 | 13,034,000 | 14,179,000 | 12,263,000 | 11,168,000 | 11,444,000 | 11,973,000 | 11,602,000 | 11,524,000 | 11,971,000 | 12,134,000 | 14,097,000 | 17,828,000 | 14,781,000 | 15,874,000 | 15,486,000 | 13,709,000 | 12,140,000 | 11,428,000 | 10,421,000 | 10,920,000 | 7,793,000 | 7,705,000 | 7,274,000 | 6,388,000 | 6,056,000 | 5,466,000 |
total costs and expenses | 47,633,000 | 42,611,000 | 37,786,000 | 39,007,000 | 38,301,000 | 34,912,000 | 40,091,000 | 39,473,000 | 38,405,000 | 43,647,000 | 49,040,000 | 42,045,000 | 48,685,000 | 48,807,000 | 42,117,000 | 46,121,000 | 43,533,000 | 40,907,000 | 39,952,000 | 36,617,000 | 33,371,000 | 33,546,000 | 29,469,000 | 28,993,000 | 28,786,000 | 25,350,000 | 22,883,000 | 19,886,000 |
income from operations | -32,161,000 | -25,266,000 | -23,291,000 | -21,804,000 | -17,696,000 | -18,112,000 | -14,382,000 | -16,893,000 | -18,880,000 | -23,972,000 | -30,793,000 | -25,346,000 | -29,825,000 | -32,085,000 | -27,259,000 | -27,881,000 | -28,306,000 | -20,225,000 | -17,691,000 | -14,947,000 | -12,490,000 | -13,370,000 | -9,653,000 | -9,498,000 | -9,625,000 | -7,196,000 | -5,730,000 | -4,061,000 |
yoy | 81.74% | 39.50% | 61.95% | 29.07% | -6.27% | -24.45% | -53.29% | -33.35% | -36.70% | -25.29% | 12.96% | -9.09% | 5.37% | 58.64% | 54.08% | 86.53% | 126.63% | 51.27% | 83.27% | 57.37% | 29.77% | 85.80% | 68.46% | 133.88% | ||||
qoq | 27.29% | 8.48% | 6.82% | 23.21% | -2.30% | 25.94% | -14.86% | -10.52% | -21.24% | -22.15% | 21.49% | -15.02% | -7.04% | 17.70% | -2.23% | -1.50% | 39.96% | 14.32% | 18.36% | 19.67% | -6.58% | 38.51% | 1.63% | -1.32% | 33.75% | 25.58% | 41.10% | |
operating margin % | -207.87% | -145.67% | -160.68% | -126.75% | -85.88% | -107.81% | -55.94% | -74.81% | -96.70% | -121.84% | -168.76% | -151.78% | -158.14% | -191.87% | -183.46% | -152.86% | -185.89% | -97.79% | -79.47% | -68.98% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% |
interest income | 2,172,000 | 1,570,000 | 1,680,000 | 1,878,000 | 2,027,000 | 1,631,000 | 1,384,000 | 1,136,000 | 1,359,000 | 1,477,000 | 1,706,000 | 1,465,000 | 1,253,000 | 1,160,000 | 743,000 | 349,000 | 144,000 | 81,000 | 88,000 | 103,000 | 95,000 | 76,000 | 117,000 | 246,000 | 510,000 | 580,000 | 756,000 | 200,000 |
interest expense | -47,000 | -65,000 | -64,000 | -48,000 | -28,000 | 1,000 | -7,000 | -9,000 | -9,000 | -9,000 | -15,000 | -39,000 | -47,000 | -47,000 | -45,000 | -50,000 | -59,000 | -59,000 | -60,000 | -65,000 | -2,000 | -204,000 | -745,000 | |||||
other income | 20,000 | -42,000 | 26,000 | -80,000 | -46,000 | 59,000 | -26,081,000 | 2,968,000 | 4,569,000 | -4,075,000 | 32,000 | 1,000 | -26,000 | -88,000 | 80,000 | 50,000 | 19,000 | -10,750 | 5,000 | -36,000 | -12,000 | -29,000 | -4,000 | 1,000 | 8,000 | -25,000 | -2,000 | -1,261,000 |
income before income taxes | -30,016,000 | -23,803,000 | -21,649,000 | -20,054,000 | -15,743,000 | -16,421,000 | -39,086,000 | -12,798,000 | -12,961,000 | -26,579,000 | -29,070,000 | -23,919,000 | -28,645,000 | -31,060,000 | -26,481,000 | -27,532,000 | -28,202,000 | -20,202,000 | -17,658,000 | -14,945,000 | -12,407,000 | -13,323,000 | -9,540,000 | -9,251,000 | -9,109,000 | -6,641,000 | -6,884,000 | -5,867,000 |
provision for income taxes | 16,000 | 9,000 | 3,000 | 2,000 | 7,000 | 4,000 | 3,000 | 4,000 | 7,000 | 5,000 | 28,000 | 36,000 | 14,000 | 8,000 | 11,000 | 14,000 | 7,000 | -3,000 | 12,000 | 8,000 | -3,000 | -18,000 | -5,000 | -4,000 | -30,000 | -4,000 | -1,000 | -2,000 |
net income | -30,032,000 | -23,812,000 | -21,652,000 | -20,056,000 | -15,750,000 | -16,425,000 | -39,089,000 | -12,802,000 | -12,968,000 | -26,584,000 | -29,098,000 | -23,955,000 | -28,659,000 | -31,068,000 | -26,492,000 | -27,546,000 | -28,209,000 | -20,199,000 | -17,670,000 | -14,953,000 | -12,404,000 | -13,341,000 | -9,545,000 | -9,255,000 | -9,139,000 | -6,645,000 | -6,885,000 | -5,869,000 |
yoy | 90.68% | 44.97% | -44.61% | 56.66% | 21.45% | -38.21% | 34.34% | -46.56% | -54.75% | -14.43% | 9.84% | -13.04% | 1.60% | 53.81% | 49.93% | 84.22% | 127.42% | 51.41% | 85.12% | 61.57% | 35.73% | 100.77% | 38.63% | 57.69% | ||||
qoq | 26.12% | 9.98% | 7.96% | 27.34% | -4.11% | -57.98% | 205.34% | -1.28% | -51.22% | -8.64% | 21.47% | -16.41% | -7.75% | 17.27% | -3.83% | -2.35% | 39.66% | 14.31% | 18.17% | 20.55% | -7.02% | 39.77% | 3.13% | 1.27% | 37.53% | -3.49% | 17.31% | |
net income margin % | -194.11% | -137.28% | -149.38% | -116.58% | -76.44% | -97.77% | -152.04% | -56.70% | -66.42% | -135.12% | -159.47% | -143.45% | -151.96% | -185.79% | -178.30% | -151.02% | -185.26% | -97.66% | -79.38% | -69.00% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% |
net income per share | -0.29 | -0.26 | -0.24 | -0.23 | -0.18 | -0.18 | -0.64 | -0.24 | -0.26 | -0.54 | -0.6 | -0.5 | -0.61 | -0.67 | -0.58 | -0.6 | -0.63 | -0.46 | -0.4 | -0.34 | -0.29 | -0.35 | -0.27 | -0.29 | -0.29 | -0.04 | -0.22 | -0.89 |
weighted-average shares outstanding, basic and diluted | 104,191,862 | 89,240,435 | 88,699,131 | 88,517,498 | 87,463,885 | 59,251,013 | 61,051,350 | 52,394,678 | 50,678,586 | 48,175,201 | 48,694,324 | 47,669,513 | 46,740,270 | 45,704,805 | 45,921,411 | 45,637,838 | 44,995,752 | 43,886,730 | 44,511,534 | 43,960,794 | 42,265,596 | 34,374,903 | 35,460,092 | 31,731,628 | 31,345,029 | 18,011,470 | 31,133,683 | 6,597,007 |
lease impairment | 5,565,000 | |||||||||||||||||||||||||||
restructuring and other charges | 4,040,000 | 152,000 | 3,885,000 | |||||||||||||||||||||||||
includes related party other expense of 26.0 million and 18.3 million for the three and nine months ended september 30, 2024, respectively. | ||||||||||||||||||||||||||||
revenues | 20,881,000 | 20,176,000 | 19,816,000 | 19,495,000 | 19,161,000 | 18,154,000 | 17,153,000 | 15,825,000 | ||||||||||||||||||||
costs of revenues | 13,454,000 | 14,106,000 | 14,483,000 | 14,823,000 | 15,122,000 | 11,589,000 | 11,524,000 | 9,923,000 | ||||||||||||||||||||
loss on debt extinguishment | -1,704,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||
cash and cash equivalents | 73,594,000 | 124,245,000 | 49,973,000 | 53,374,000 | 71,001,000 | 91,415,000 | 75,800,000 | 47,747,000 | 43,981,000 | 56,984,000 | 72,192,000 | 97,195,000 | 87,172,000 | 89,128,000 | 83,522,000 | 86,731,000 | 91,586,000 | 105,585,000 | 79,572,000 | 70,080,000 | 137,089,000 | 68,525,000 | 133,245,000 | 25,042,000 | 46,694,000 | 55,046,000 | 87,013,000 | 163,269,000 |
short-term investments | 159,624,000 | 115,708,000 | 100,542,000 | 119,858,000 | 114,687,000 | 93,594,000 | 67,851,000 | 39,225,000 | 51,438,000 | 57,195,000 | 48,471,000 | 40,012,000 | 61,767,000 | 78,530,000 | 109,234,000 | 146,759,000 | 174,954,000 | 181,479,000 | 225,658,000 | 258,827,000 | 216,340,000 | 134,765,000 | 72,818,000 | 80,191,000 | 73,339,000 | 73,243,000 | 40,263,000 | |
accounts receivable | 13,022,000 | 16,203,000 | 14,376,000 | 9,952,000 | 10,973,000 | 8,140,000 | 13,474,000 | 12,921,000 | 11,345,000 | 17,730,000 | 13,666,000 | 10,132,000 | 18,103,000 | 16,642,000 | 13,592,000 | 12,877,000 | 13,519,000 | 18,468,000 | 10,534,000 | 9,278,000 | 8,053,000 | 6,349,000 | 5,903,000 | 5,375,000 | 5,508,000 | 3,300,000 | 4,445,000 | 7,465,000 |
inventory and other deferred costs | 6,930,000 | 6,144,000 | 4,656,000 | 5,435,000 | 4,923,000 | 5,939,000 | 8,489,000 | 9,164,000 | 8,767,000 | 10,474,000 | 8,225,000 | 8,140,000 | 8,219,000 | 8,591,000 | 7,543,000 | 7,885,000 | 8,065,000 | 5,610,000 | 5,523,000 | 7,321,000 | 5,579,000 | 5,639,000 | 6,268,000 | 6,524,000 | 6,438,000 | 4,606,000 | 4,604,000 | 3,538,000 |
prepaid expenses and other current assets | 5,028,000 | 5,651,000 | 4,855,000 | 4,724,000 | 4,838,000 | 3,927,000 | 4,663,000 | 4,046,000 | 4,908,000 | 4,361,000 | 5,661,000 | 5,476,000 | 7,511,000 | 6,808,000 | 8,017,000 | 5,788,000 | 5,904,000 | 7,089,000 | 7,728,000 | 8,803,000 | 5,607,000 | 5,441,000 | 5,359,000 | 2,989,000 | 3,437,000 | 3,383,000 | 3,973,000 | 1,897,000 |
total current assets | 258,198,000 | 267,951,000 | 174,402,000 | 193,343,000 | 206,422,000 | 203,015,000 | 170,277,000 | 113,103,000 | 120,439,000 | 146,744,000 | 148,215,000 | 160,955,000 | 182,772,000 | 199,699,000 | 221,908,000 | 260,040,000 | 294,028,000 | 318,231,000 | 329,015,000 | 354,309,000 | 372,668,000 | 220,719,000 | 223,593,000 | 120,121,000 | 135,416,000 | 139,578,000 | 140,298,000 | 176,169,000 |
property and equipment | 48,438,000 | 44,815,000 | 47,003,000 | 45,812,000 | 47,986,000 | 48,274,000 | 50,231,000 | 52,662,000 | 54,529,000 | 57,366,000 | 56,751,000 | 59,486,000 | 61,446,000 | 61,935,000 | 61,219,000 | 47,585,000 | 30,600,000 | 19,650,000 | 17,689,000 | 14,258,000 | 11,152,000 | 11,834,000 | 12,735,000 | 12,650,000 | 13,402,000 | 14,106,000 | 15,215,000 | 13,409,000 |
operating lease right-of-use assets | 14,957,000 | 15,118,000 | 15,249,000 | 15,654,000 | 16,055,000 | 16,453,000 | 16,816,000 | 17,166,000 | 17,515,000 | 17,852,000 | 18,167,000 | 24,660,000 | 23,971,000 | 26,480,000 | 30,045,000 | 45,915,000 | 51,727,000 | 53,822,000 | 54,923,000 | 11,126,000 | 9,899,000 | 10,271,000 | 10,632,000 | 10,991,000 | 1,529,000 | 1,845,000 | 2,154,000 | 1,320,000 |
other long-term assets | 3,802,000 | 6,280,000 | 6,185,000 | 3,871,000 | 2,845,000 | 2,526,000 | 2,563,000 | 2,571,000 | 2,793,000 | 3,137,000 | 3,503,000 | 3,937,000 | 3,991,000 | 4,586,000 | 4,689,000 | 4,439,000 | 4,292,000 | 4,825,000 | 5,067,000 | 3,647,000 | 1,787,000 | 2,018,000 | 1,852,000 | 1,760,000 | 1,531,000 | 1,762,000 | 2,024,000 | 947,000 |
total assets | 325,395,000 | 334,164,000 | 242,839,000 | 258,680,000 | 273,308,000 | 270,268,000 | 239,887,000 | 185,502,000 | 195,276,000 | 225,099,000 | 226,636,000 | 249,038,000 | 272,180,000 | 292,700,000 | 317,861,000 | 357,979,000 | 380,647,000 | 396,528,000 | 406,694,000 | 383,340,000 | 395,506,000 | 244,842,000 | 248,812,000 | 145,522,000 | 151,878,000 | 157,291,000 | 159,691,000 | 191,845,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||
accounts payable | 12,676,000 | 12,989,000 | 11,147,000 | 9,926,000 | 7,914,000 | 6,397,000 | 12,450,000 | 9,936,000 | 9,179,000 | 14,920,000 | 8,963,000 | 8,847,000 | 10,927,000 | 12,854,000 | 10,784,000 | 21,395,000 | 12,275,000 | 9,221,000 | 7,288,000 | 8,919,000 | 6,522,000 | 8,301,000 | 6,514,000 | 7,491,000 | 10,337,000 | 7,337,000 | 7,764,000 | 8,781,000 |
accrued and other current liabilities | 22,201,000 | 25,079,000 | 23,552,000 | 20,172,000 | 20,014,000 | 21,629,000 | 20,535,000 | 19,248,000 | 16,159,000 | 23,941,000 | 19,821,000 | 16,408,000 | 20,653,000 | 19,013,000 | 22,658,000 | 19,755,000 | 24,108,000 | 18,110,000 | 16,261,000 | 13,708,000 | 13,805,000 | 11,301,000 | 8,797,000 | 6,594,000 | 7,375,000 | 6,648,000 | 5,899,000 | 4,676,000 |
contract liabilities | 4,168,000 | 1,562,000 | 1,457,000 | 1,625,000 | 1,964,000 | 3,100,000 | 3,428,000 | 4,174,000 | 3,526,000 | 3,288,000 | 3,694,000 | 3,337,000 | 2,563,000 | 1,264,000 | 297,000 | 356,000 | 3,461,000 | 3,982,000 | 2,967,000 | 11,460,000 | 18,237,000 | 21,034,000 | 20,593,000 | 28,952,000 | 34,408,000 | 35,977,000 | 33,726,000 | 41,866,000 |
total current liabilities | 39,045,000 | 39,630,000 | 36,156,000 | 31,723,000 | 29,892,000 | 31,126,000 | 36,413,000 | 34,133,000 | 31,373,000 | 47,234,000 | 32,478,000 | 28,592,000 | 34,143,000 | 33,131,000 | 33,739,000 | 41,506,000 | 39,844,000 | 31,313,000 | 26,516,000 | 34,087,000 | 38,564,000 | 40,636,000 | 35,904,000 | 43,037,000 | 52,120,000 | 49,962,000 | 47,389,000 | 56,343,000 |
long-term operating lease liabilities | 31,023,000 | 31,866,000 | 32,658,000 | 33,390,000 | 34,112,000 | 34,882,000 | 35,601,000 | 36,524,000 | 37,434,000 | 38,321,000 | 39,166,000 | 40,326,000 | 40,309,000 | 41,041,000 | 41,349,000 | 51,836,000 | 52,364,000 | 52,797,000 | 52,866,000 | 8,518,000 | 8,162,000 | 8,541,000 | 8,897,000 | 9,233,000 | ||||
other long-term liabilities | 562,000 | 1,483,000 | 2,610,000 | 2,738,000 | 1,959,000 | 1,303,000 | 1,112,000 | 1,060,000 | 3,022,000 | 5,161,000 | 3,786,000 | 4,034,000 | 4,096,000 | 389,000 | 374,000 | 5,000 | 1,724,000 | 2,117,000 | 2,016,000 | 1,988,000 | 360,000 | 720,000 | 471,000 | 129,000 | 556,000 | 639,000 | 910,000 | 468,000 |
total liabilities | 70,630,000 | 72,979,000 | 71,424,000 | 67,851,000 | 65,963,000 | 67,311,000 | 73,126,000 | 73,230,000 | 74,582,000 | 95,658,000 | 75,430,000 | 72,952,000 | 78,548,000 | 74,561,000 | 75,462,000 | 93,347,000 | 93,932,000 | 86,227,000 | 81,398,000 | 44,593,000 | 47,086,000 | 49,897,000 | 45,272,000 | 52,399,000 | 52,676,000 | 50,601,000 | 48,299,000 | 74,827,000 |
commitments and contingencies | ||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||
preferred stock, 0.0001 par value — 10,000,000 shares authorized; none issued | ||||||||||||||||||||||||||||
common stock | 10,000 | 10,000 | 9,000 | 9,000 | 9,000 | 9,000 | 7,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 |
additional paid-in capital | 916,117,000 | 892,331,000 | 778,772,000 | 776,596,000 | 773,094,000 | 752,961,000 | 700,232,000 | 606,863,000 | 602,488,000 | 598,364,000 | 593,625,000 | 589,418,000 | 583,151,000 | 579,456,000 | 573,158,000 | 568,741,000 | 562,889,000 | 557,558,000 | 552,176,000 | 547,951,000 | 542,694,000 | 376,788,000 | 372,027,000 | 251,997,000 | 248,854,000 | 247,282,000 | ||
accumulated other comprehensive income | -70,000 | 104,000 | 82,000 | 20,000 | 87,000 | -166,000 | 12,000 | 18,000 | -5,000 | 22,000 | 37,000 | 106,000 | 73,000 | |||||||||||||||
accumulated deficit | -661,292,000 | -631,260,000 | -607,448,000 | -585,796,000 | -565,740,000 | -549,990,000 | -533,565,000 | -494,476,000 | -481,674,000 | -468,706,000 | -442,122,000 | -413,024,000 | -389,069,000 | -360,410,000 | -329,342,000 | -302,850,000 | -275,304,000 | -247,095,000 | -226,896,000 | -209,226,000 | -194,273,000 | -181,869,000 | -168,528,000 | -158,983,000 | -149,728,000 | -140,589,000 | -133,944,000 | -127,059,000 |
total stockholders’ equity | 254,765,000 | 261,185,000 | 171,415,000 | 190,829,000 | 207,345,000 | 202,957,000 | 166,761,000 | 112,272,000 | 120,694,000 | 129,441,000 | 151,206,000 | 176,086,000 | 193,632,000 | 218,139,000 | 242,399,000 | 264,632,000 | 286,715,000 | 310,301,000 | 325,296,000 | 338,747,000 | 348,420,000 | 194,945,000 | 203,540,000 | 93,123,000 | 99,202,000 | 106,690,000 | 111,392,000 | 117,018,000 |
total liabilities and stockholders’ equity | 325,395,000 | 334,164,000 | 242,839,000 | 258,680,000 | 273,308,000 | 270,268,000 | 239,887,000 | 185,502,000 | 195,276,000 | 225,099,000 | 226,636,000 | 249,038,000 | 272,180,000 | 292,700,000 | 317,861,000 | 357,979,000 | 380,647,000 | 396,528,000 | 406,694,000 | 383,340,000 | 395,506,000 | 244,842,000 | 248,812,000 | 145,522,000 | 151,878,000 | |||
accumulated other comprehensive loss | -18,000 | -23,000 | -120,000 | -125,000 | -222,000 | -302,000 | -313,000 | -455,000 | -912,000 | -1,422,000 | -1,264,000 | -875,000 | -6,000 | -29,000 | -15,000 | |||||||||||||
short-term warrant liability | 775,000 | 2,509,000 | 5,085,000 | |||||||||||||||||||||||||
long-term warrant liability | 1,513,000 | 2,753,000 | 4,942,000 | |||||||||||||||||||||||||
includes related party current liabilities of 1.7 million as of september 30, 2024. | ||||||||||||||||||||||||||||
includes related party long-term liabilities of 0.6 million as of september 30, 2024. | ||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock, and stockholders’ equity | ||||||||||||||||||||||||||||
short-term debt | 1,020,000 | |||||||||||||||||||||||||||
redeemable convertible preferred stock | ||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders’ equity | 157,291,000 | 159,691,000 | 191,845,000 | |||||||||||||||||||||||||
additional paid-in-capital | 245,362,000 | 244,089,000 | ||||||||||||||||||||||||||
long-term debt | 18,016,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||
net loss | -30,032,000 | -23,812,000 | -21,652,000 | -20,056,000 | -15,750,000 | -16,425,000 | -39,089,000 | -12,802,000 | -12,968,000 | -26,584,000 | -29,098,000 | -23,955,000 | -28,659,000 | -31,068,000 | -26,492,000 | -27,546,000 | -28,209,000 | -20,199,000 | -17,670,000 | -14,953,000 | -12,404,000 | -13,341,000 | -9,545,000 | -9,255,000 | -9,139,000 | -6,645,000 | -6,885,000 |
adjustments to reconcile net loss to net cash from operating activities | |||||||||||||||||||||||||||
stock-based compensation expense | 2,553,000 | 2,298,000 | 2,082,000 | 2,830,000 | 2,219,000 | 2,669,000 | 2,677,000 | 2,653,000 | 2,687,000 | 3,389,000 | 3,482,000 | 3,485,000 | 3,695,000 | 5,787,000 | 4,415,000 | 4,415,000 | 4,816,000 | 4,032,000 | 3,689,000 | 3,600,000 | 3,057,000 | 3,477,000 | 1,690,000 | 1,822,000 | 1,249,000 | 1,201,000 | 1,402,000 |
depreciation and amortization | 2,371,000 | 2,462,000 | 2,466,000 | 2,531,000 | 2,587,000 | 2,543,000 | 2,758,000 | 2,803,000 | 2,837,000 | 2,907,000 | 2,759,000 | 2,849,000 | 2,781,000 | 2,956,000 | 1,882,000 | 1,820,000 | 1,774,000 | 1,601,000 | 1,504,000 | 1,386,000 | 1,523,000 | 1,479,000 | 1,464,000 | 1,419,000 | 1,396,000 | 1,366,000 | 1,190,000 |
noncash operating lease cost | 161,000 | 131,000 | 405,000 | 401,000 | 398,000 | 363,000 | 350,000 | 349,000 | 337,000 | -822,000 | 1,561,000 | 581,000 | 539,000 | 834,000 | 1,169,000 | 347,000 | 2,096,000 | 1,218,000 | 876,000 | 484,000 | 372,000 | 361,000 | 359,000 | 374,000 | 315,000 | ||
amortization of discount on short-term investments | -1,125,000 | -845,000 | -942,000 | -1,120,000 | -1,084,000 | ||||||||||||||||||||||
other | 21,000 | -73,000 | 34,000 | 114,000 | -377,000 | 37,000 | 48,000 | -191,000 | 199,000 | -61,000 | -20,000 | 90,000 | 144,000 | 126,000 | -42,000 | -24,000 | 43,000 | 58,000 | 40,000 | 64,000 | 7,000 | -3,000 | 106,000 | 21,000 | -64,000 | 354,000 | 75,000 |
changes in operating assets and liabilities | |||||||||||||||||||||||||||
accounts receivable | 3,181,000 | -1,827,000 | -4,424,000 | 1,021,000 | -2,833,000 | 5,335,000 | -554,000 | -1,576,000 | 6,385,000 | -4,064,000 | -3,534,000 | 7,970,000 | -1,460,000 | -3,051,000 | -715,000 | 642,000 | 4,949,000 | -7,934,000 | -1,256,000 | -1,225,000 | -1,703,000 | -446,000 | -528,000 | 133,000 | -2,208,000 | 1,144,000 | 2,934,000 |
inventory and other deferred costs | -786,000 | 780,000 | -513,000 | 1,017,000 | 2,446,000 | 708,000 | -436,000 | 1,707,000 | -2,135,000 | -94,000 | 33,000 | 262,000 | -1,047,000 | 341,000 | 179,000 | -2,455,000 | -88,000 | 1,799,000 | -1,743,000 | 61,000 | 586,000 | 256,000 | -86,000 | -1,832,000 | |||
prepaid expenses and other assets | 663,000 | -949,000 | -142,000 | 97,000 | -1,230,000 | 868,000 | -608,000 | 1,082,000 | -203,000 | 1,668,000 | 542,000 | 1,792,000 | -254,000 | 841,000 | -2,501,000 | 424,000 | 1,720,000 | 884,000 | 1,449,000 | -5,054,000 | 63,000 | 851,000 | |||||
accounts payable | -809,000 | 1,819,000 | -990,000 | 1,708,000 | 2,013,000 | -4,789,000 | 966,000 | 536,000 | -5,637,000 | 5,927,000 | 604,000 | 54,000 | -1,407,000 | 4,162,000 | -1,153,000 | -1,052,000 | 1,132,000 | 2,073,000 | -3,455,000 | 2,100,000 | -2,175,000 | 2,379,000 | -1,280,000 | -2,733,000 | 2,385,000 | 924,000 | 637,000 |
accrued and other current liabilities | -426,000 | 1,782,000 | 1,818,000 | 1,448,000 | -2,742,000 | 760,000 | 2,352,000 | 2,323,000 | -7,836,000 | -276,000 | 3,375,000 | -2,783,000 | 426,000 | 153,000 | -1,467,000 | -3,563,000 | 3,398,000 | 1,526,000 | 3,229,000 | -3,861,000 | 2,471,000 | 2,355,000 | 1,971,000 | -1,526,000 | 729,000 | 923,000 | 1,643,000 |
contract liabilities | 2,606,000 | 106,000 | -169,000 | -339,000 | -1,136,000 | -478,000 | -937,000 | -1,108,000 | -1,593,000 | -264,000 | 513,000 | 704,000 | 4,999,000 | 967,000 | -59,000 | -3,104,000 | -522,000 | 1,015,000 | -8,494,000 | -6,776,000 | -2,797,000 | 441,000 | -8,358,000 | -5,456,000 | -1,569,000 | 2,250,000 | -8,140,000 |
operating lease liabilities | -856,000 | -800,000 | -1,020,000 | -1,007,000 | -993,000 | -934,000 | -870,000 | -861,000 | -840,000 | 341,000 | -1,666,000 | -156,000 | 2,375,000 | 2,883,000 | 9,973,000 | -21,000 | -24,000 | -10,000 | -133,000 | -465,000 | -354,000 | -213,000 | -141,000 | ||||
other long-term liabilities | -1,050,000 | -50,000 | -50,000 | -50,000 | 650,000 | 0 | 3,000 | 0 | 0 | -422,000 | 73,000 | 0 | -4,000 | -360,000 | 249,000 | 343,000 | 211,000 | -83,000 | -271,000 | -275,000 | |||||||
net cash from operating activities | -22,478,000 | -22,246,000 | -21,804,000 | -12,935,000 | -17,961,000 | -7,796,000 | -6,198,000 | -10,743,000 | -20,413,000 | -13,418,000 | -16,681,000 | -10,414,000 | -15,745,000 | -16,762,000 | -14,765,000 | -27,349,000 | -11,357,000 | -15,274,000 | -17,880,000 | -25,931,000 | -11,743,000 | -2,532,000 | -16,124,000 | -15,354,000 | -8,643,000 | 2,405,000 | -9,638,000 |
capital expenditures | -149,000 | -53,000 | -1,626,000 | -290,000 | -2,511,000 | -1,246,000 | -247,000 | -6,000 | -104,000 | -3,524,000 | -868,000 | -2,741,000 | -3,778,000 | -9,538,000 | -21,414,000 | -10,310,000 | -8,634,000 | -3,577,000 | -2,962,000 | -4,105,000 | -439,000 | -837,000 | -1,554,000 | -779,000 | -76,000 | -1,913,000 | -3,668,000 |
free cash flows | -22,627,000 | -22,299,000 | -23,430,000 | -13,225,000 | -20,472,000 | -9,042,000 | -6,445,000 | -10,749,000 | -20,517,000 | -16,942,000 | -17,549,000 | -13,155,000 | -19,523,000 | -26,300,000 | -36,179,000 | -37,659,000 | -19,991,000 | -18,851,000 | -20,842,000 | -30,036,000 | -12,182,000 | -3,369,000 | -17,678,000 | -16,133,000 | -8,719,000 | 492,000 | -13,306,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||
purchases of available-for-sale debt securities | -67,040,000 | -53,727,000 | -48,150,000 | -44,016,000 | -64,281,000 | -44,939,000 | -38,933,000 | -8,741,000 | -29,095,000 | -32,114,000 | -47,937,000 | -2,365,000 | -21,529,000 | -10,311,000 | -21,119,000 | -30,358,000 | -59,702,000 | -39,812,000 | -20,644,000 | -92,616,000 | -114,056,000 | -81,671,000 | -12,996,000 | -39,866,000 | -27,242,000 | ||
proceeds from maturities of available-for-sale debt securities | 24,100,000 | 39,425,000 | 68,500,000 | 39,935,000 | 44,250,000 | 20,000,000 | 11,000,000 | 21,500,000 | 35,500,000 | 24,000,000 | 40,200,000 | 24,655,000 | 39,100,000 | 41,700,000 | 58,818,000 | 58,230,000 | 65,175,000 | 83,300,000 | 53,275,000 | 49,616,000 | 26,892,000 | 19,368,000 | 20,197,000 | 33,030,000 | 27,283,000 | ||
purchases of property and equipment | -3,192,000 | -77,000 | -1,626,000 | -290,000 | -2,511,000 | -1,246,000 | -247,000 | -6,000 | -104,000 | -3,524,000 | -868,000 | -2,741,000 | -3,778,000 | -9,538,000 | -21,414,000 | -10,310,000 | -8,634,000 | -3,577,000 | -2,962,000 | -4,105,000 | -439,000 | -837,000 | -1,554,000 | -779,000 | -76,000 | ||
proceeds from sales of property and equipment | 120,000 | 2,000 | 0 | ||||||||||||||||||||||||
net cash from investing activities | -46,012,000 | -14,379,000 | 18,724,000 | -4,371,000 | -22,542,000 | -26,183,000 | -28,180,000 | 12,993,000 | 6,301,000 | -11,638,000 | -8,605,000 | 19,549,000 | 13,793,000 | 21,851,000 | 10,826,000 | 23,021,000 | -3,161,000 | 39,911,000 | 29,669,000 | -47,105,000 | -82,544,000 | -63,140,000 | 5,647,000 | -7,615,000 | -35,000 | -34,848,000 | -43,930,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||
proceeds from sales of common stock under atm facility, net of commissions | 20,952,000 | 109,015,000 | 0 | 0 | 17,782,000 | 0 | 27,237,000 | 1,405,000 | 1,437,000 | 915,000 | 725,000 | ||||||||||||||||
payment of costs related to tempus and merck investment agreements | -83,000 | 0 | 0 | -106,000 | |||||||||||||||||||||||
proceeds from loans | 0 | 0 | 0 | 2,587,000 | 0 | 0 | 0 | ||||||||||||||||||||
repayments of loans and finance leases | -1,278,000 | ||||||||||||||||||||||||||
payments for finance lease buyout | -2,125,000 | ||||||||||||||||||||||||||
proceeds from issuance of common stock under equity incentive plans | 281,000 | 2,247,000 | 94,000 | 672,000 | 132,000 | ||||||||||||||||||||||
net cash from financing activities | 17,830,000 | 110,895,000 | -317,000 | -327,000 | 20,087,000 | 49,601,000 | 62,426,000 | 1,516,000 | 1,129,000 | 9,816,000 | 290,000 | 511,000 | 760,000 | -420,000 | 515,000 | 1,347,000 | -506,000 | 6,010,000 | 162,849,000 | 941,000 | 118,683,000 | 1,321,000 | 323,000 | 471,000 | -22,686,000 | ||
effect of exchange rates on cash, cash equivalents and restricted cash | 9,000 | 2,000 | -4,000 | 6,000 | 2,000 | -7,000 | 5,000 | 0 | -20,000 | 32,000 | -7,000 | -37,000 | -4,000 | 6,000 | -30,000 | -107,000 | 4,000 | 29,000 | |||||||||
net change in cash, cash equivalents and restricted cash | -50,651,000 | 74,272,000 | -3,401,000 | -17,627,000 | -20,414,000 | 15,615,000 | 28,053,000 | 3,766,000 | -13,003,000 | 10,023,000 | -1,956,000 | 5,606,000 | -3,209,000 | -4,855,000 | -13,999,000 | 26,013,000 | |||||||||||
cash, cash equivalents and restricted cash, beginning of period | 126,035,000 | 0 | 0 | 0 | 93,205,000 | 0 | 0 | 0 | 58,774,000 | 0 | 0 | 0 | 90,918,000 | ||||||||||||||
cash, cash equivalents and restricted cash, end of period | 75,384,000 | 74,272,000 | -3,401,000 | -17,627,000 | 72,791,000 | 15,615,000 | 28,053,000 | 3,766,000 | 45,771,000 | -15,208,000 | -25,003,000 | 10,023,000 | 88,962,000 | 5,606,000 | -3,209,000 | -4,855,000 | 93,376,000 | 26,013,000 | |||||||||
reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets: | |||||||||||||||||||||||||||
cash and cash equivalents | 73,594,000 | 74,272,000 | -3,401,000 | -17,627,000 | 71,001,000 | 15,615,000 | 28,053,000 | 3,766,000 | 43,981,000 | -15,208,000 | -25,003,000 | 10,023,000 | 87,172,000 | 5,606,000 | -3,209,000 | -4,855,000 | 91,586,000 | 26,013,000 | |||||||||
restricted cash, included in other long-term assets | 1,790,000 | 0 | 0 | 0 | 1,790,000 | 0 | 0 | 0 | 1,790,000 | 0 | 0 | 0 | 1,790,000 | 0 | 0 | 0 | 1,790,000 | 0 | |||||||||
total cash, cash equivalents and restricted cash | 75,384,000 | 74,272,000 | -3,401,000 | -17,627,000 | 72,791,000 | 15,615,000 | 28,053,000 | 3,766,000 | 45,771,000 | -15,208,000 | -25,003,000 | 10,023,000 | 88,962,000 | 5,606,000 | -3,209,000 | -4,855,000 | 93,376,000 | 26,013,000 | |||||||||
supplemental cash flow information: | |||||||||||||||||||||||||||
acquisition of property and equipment included in accounts payable and accrued liabilities | 3,043,000 | 24,000 | |||||||||||||||||||||||||
finance lease assets were reclassified to property and equipment upon lease buyout | 2,246,000 | ||||||||||||||||||||||||||
noncash gain related to liability classified tempus warrants | -2,974,000 | -4,765,000 | |||||||||||||||||||||||||
inventories and other deferred costs | -1,000 | -1,067,000 | |||||||||||||||||||||||||
proceeds from exercise of tempus warrants | 0 | ||||||||||||||||||||||||||
proceeds from sale of common stock under tempus investment agreement | 0 | ||||||||||||||||||||||||||
proceeds from sale of common stock under merck investment agreement | |||||||||||||||||||||||||||
repayments of loans | -284,000 | -411,000 | -999,000 | -308,000 | -308,000 | -308,000 | -206,000 | -308,000 | -972,000 | -435,000 | 0 | -436,000 | 0 | -1,042,000 | |||||||||||||
cash paid for income taxes, net of refunds | |||||||||||||||||||||||||||
finance lease assets obtained in exchange for finance lease liabilities | |||||||||||||||||||||||||||
right-of-use finance lease assets obtained in exchange for finance lease liabilities | |||||||||||||||||||||||||||
noncash charges related to liability classified tempus warrants | 0 | ||||||||||||||||||||||||||
noncash restructuring and other charges | 3,129,000 | 0 | |||||||||||||||||||||||||
noncash lease impairment expense | 0 | ||||||||||||||||||||||||||
proceeds from issuance of tempus warrants | |||||||||||||||||||||||||||
amortization of premium (discount) on short-term investments | -562,000 | -541,000 | -723,000 | -600,000 | -660,000 | -350,000 | -390,000 | 516,000 | 496,000 | ||||||||||||||||||
payment of costs related to tempus investment agreement | |||||||||||||||||||||||||||
proceeds from exercise of equity awards | 114,000 | 511,000 | 2,000 | 1,437,000 | 515,000 | 1,347,000 | 536,000 | 1,658,000 | 933,000 | ||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets: | |||||||||||||||||||||||||||
proceeds from sales of available-for-sale debt securities | 0 | 0 | 0 | 5,059,000 | |||||||||||||||||||||||
proceeds from public offerings, net of underwriting discounts and commissions | 0 | 0 | 0 | 162,258,000 | 0 | ||||||||||||||||||||||
payments of costs related to public offerings | 0 | 0 | 0 | -342,000 | -342,000 | ||||||||||||||||||||||
cash paid for interest | |||||||||||||||||||||||||||
proceeds from issuance of common stock under employee equity plans | 0 | ||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||
lease incentive cash receipts | |||||||||||||||||||||||||||
restructuring and other charges | 1,204,000 | ||||||||||||||||||||||||||
amortization of premium on short-term investments | -308,000 | -116,000 | 134,000 | 347,000 | |||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of period | 0 | 0 | 107,375,000 | ||||||||||||||||||||||||
loss on debt extinguishment | 0 | ||||||||||||||||||||||||||
change in fair value of convertible preferred stock warrant liability | 0 | 0 | |||||||||||||||||||||||||
payments of loan costs | |||||||||||||||||||||||||||
debt extinguishment costs | 0 | ||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 68,525,000 | 0 | 0 | 0 | 55,046,000 | 0 | 0 | |||||||||||||||||
effect of exchange rates on cash flows and cash equivalents | 17,000 | 2,000 | 11,000 | -3,000 | -4,000 | 3,000 | 5,000 | -2,000 | |||||||||||||||||||
net change in cash and cash equivalents | -67,009,000 | 68,564,000 | -64,720,000 | 108,203,000 | -21,652,000 | -8,352,000 | |||||||||||||||||||||
cash and cash equivalents, end of period | -67,009,000 | 137,089,000 | -64,720,000 | 108,203,000 | -21,652,000 | 46,694,000 | -31,967,000 | -76,256,000 | |||||||||||||||||||
change in fair value of compound derivative instrument | |||||||||||||||||||||||||||
accretion of noncash interest and debt reduction | 0 | 53,000 | |||||||||||||||||||||||||
prepaid expenses and other current assets | -247,000 | -2,461,000 | 218,000 | 178,000 | |||||||||||||||||||||||
proceeds from exercise or settlement of equity awards | 1,283,000 | 1,276,000 | |||||||||||||||||||||||||
proceeds from borrowings | 0 | 0 | |||||||||||||||||||||||||
payments of borrowing costs | 0 | 0 | |||||||||||||||||||||||||
repayments under borrowing arrangements | 0 | -20,000,000 | |||||||||||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||||||||
income taxes paid | |||||||||||||||||||||||||||
supplemental disclosures of noncash investing and financing activities: | |||||||||||||||||||||||||||
convertible notes conversion on september 20, 2018 | |||||||||||||||||||||||||||
proceeds from exercise of common stock warrants | 0 | ||||||||||||||||||||||||||
proceeds from initial public offering, net of underwriting discounts and commissions | 0 | 0 | |||||||||||||||||||||||||
payments of costs related to initial public offering | |||||||||||||||||||||||||||
proceeds from exercise of stock options | 323,000 | 34,000 | 67,000 | ||||||||||||||||||||||||
purchase of available-for-sale debt securities | -38,635,000 | ||||||||||||||||||||||||||
purchase of property and equipment | -1,913,000 | -3,668,000 | |||||||||||||||||||||||||
payment of costs related to initial public offering | -247,000 | -1,959,000 | |||||||||||||||||||||||||
proceeds from issuance of common stock under espp | |||||||||||||||||||||||||||
net increase in cash and cash equivalents | -31,967,000 | -76,256,000 | |||||||||||||||||||||||||
noncash lease expense | 244,000 | ||||||||||||||||||||||||||
payment of costs related to issuance of series c redeemable convertible preferred stock |
