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 2021-09-30 2021-06-30 2021-03-31 2020-09-30 2020-06-30 2020-03-31 2019-09-30 2019-06-30 2019-03-31 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 2015-09-30 2015-06-30 2015-03-31 
      
    		                                      
      operating activities:
    		                                      
      net income
    		-50,332,000 -68,919,000 -61,334,000 -60,327,000 -66,719,000 -69,646,000 -62,054,000 -59,660,000 -61,899,000 -65,701,000 -58,335,000 -66,723,000 -57,756,000 -54,402,000 -42,982,000 -50,118,000 -34,525,000 -40,179,000 -29,080,000 -25,040,000 -24,664,000 -19,284,000 -18,680,000 -19,451,000 -16,089,000 -15,767,000 -15,343,000 -4,870,000 -7,395,000 -6,562,000 -10,670,000 -12,974,000 -11,128,000 -8,684,000 -10,068,000 -55,961,000 -2,387,000 -1,462,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                      
      depreciation and amortization of property and equipment
    		2,702,000 2,040,000 2,451,000 1,822,000 1,851,000 1,832,000 1,716,000 1,396,000 1,221,000 1,192,000 1,135,000 1,049,000 1,085,000 1,031,000 767,000                        
      amortization of finance lease right of use asset
    		538,000 539,000 538,000 539,000 538,000 539,000 538,000 539,000 538,000 539,000 538,000                            
      stock-based compensation
    		9,759,000 10,857,000 10,331,000 11,088,000 11,248,000 11,332,000 10,252,000 9,930,000 10,316,000 10,245,000 8,915,000 9,693,000 7,677,000 7,369,000 6,270,000 6,989,000 7,311,000 7,900,000 4,047,000 4,489,000 3,961,000       1,548,000 911,000 793,000 784,000 931,000 805,000 687,000 486,000 374,000 194,000 1,364,000 
      accretion of discount on investments
    		-1,599,000 -2,212,000 -2,075,000  -1,849,000 -2,242,000 -2,754,000      155,000 400,000 577,000 744,000    126,000 -63,000 -332,000 -256,000 -247,000 -366,000              
      change in fair value of warrant liabilities
    		                                   0 0 -267,000 
      changes in operating assets and liabilities:
    		                                      
      prepaid expenses and other assets
    		739,000 667,000 -467,000 354,000 -286,000 422,000 -1,151,000 4,656,000 -4,660,000 1,832,000 866,000 -2,315,000 -194,000 2,852,000 -3,936,000 -14,000 1,872,000 -842,000 1,107,000 -2,251,000 -271,000 815,000 -2,091,000 -307,000 1,162,000   -185,000 342,000 848,000 -45,000 -608,000 -840,000 448,000 52,000 -394,000 -303,000 -271,000 
      accounts payable and accrued expenses
    		-12,247,000 8,121,000 -5,258,000 774,000 3,171,000 4,535,000 -2,413,000 15,758,000 -1,134,000 3,273,000 -7,750,000 2,485,000 4,641,000 3,039,000 -491,000 6,140,000 -16,029,000 7,047,000 4,940,000 -1,256,000 -1,932,000 4,243,000 -2,181,000 -84,000 1,479,000 3,524,000 -2,261,000            
      operating lease liabilities and right of use assets
    		12,000 10,000 12,000 17,000 22,000 37,000 13,000                                
      finance lease liability
    		8,000 13,000 12,000 15,000 24,000 29,000 27,000 30,000 35,000 37,000 37,000 38,000 44,000 45,000 45,000 460,000 1,247,000 -63,000 568,000 846,000 151,000                  
      other liabilities
    		0   -1,877,000 -103,000 -661,000 -1,030,000 1,067,000 -203,000 197,000 -720,000 -14,000                           
      net cash from operating activities
    		-50,420,000 -48,964,000 -55,790,000 -46,942,000 -52,103,000 -53,823,000 -56,856,000 -29,339,000 -57,148,000 -50,869,000 -57,560,000 -56,021,000 -43,859,000 -39,039,000 -39,223,000 -27,413,000 -38,526,000 -24,283,000 -17,253,000 -22,033,000 -22,245,000 -10,849,000 -18,104,000 -15,977,000 -11,635,000 -9,738,000 -11,601,000 -2,988,000 -5,585,000 -5,920,000 -11,619,000 -11,138,000 -9,132,000 -8,003,000 -8,993,000 -4,327,000 -4,057,000 -1,993,000 
      capex
    		54,000 -50,000 -313,000 -389,000 -2,359,000 -1,817,000 -1,112,000 -5,240,000 -4,250,000 -4,648,000 -1,221,000 -3,003,000 839,000 -4,127,000 -320,000 -3,624,000 -186,000 9,000 1,830,000 -746,000 -2,411,000 -3,891,000 -10,221,000 3,632,000 -453,000 -109,000 -8,000 0 0 -17,000 -53,000 0 -108,000 -221,000 -15,000 -288,000 0 0 
      free cash flows
    		-50,366,000 -49,014,000 -56,103,000 -47,331,000 -54,462,000 -55,640,000 -57,968,000 -34,579,000 -61,398,000 -55,517,000 -58,781,000 -59,024,000 -43,020,000 -43,166,000 -39,543,000 -31,037,000 -38,712,000 -24,274,000 -15,423,000 -22,779,000 -24,656,000 -14,740,000 -28,325,000 -12,345,000 -12,088,000 -9,847,000 -11,609,000 -2,988,000 -5,585,000 -5,937,000 -11,672,000 -11,138,000 -9,240,000 -8,224,000 -9,008,000 -4,615,000 -4,057,000 -1,993,000 
      investing activities:
    		                                      
      purchases of investments
    		-29,438,000 -52,689,000 -139,931,000 -124,045,000 -19,320,000 -38,574,000 -63,947,000 -208,502,000 -13,488,000 -72,896,000 -96,034,000 -198,867,000 -34,437,000 0 -143,023,000 -67,913,000 -54,756,000 -103,815,000 -75,665,000 -32,955,000 -23,481,000 -9,910,000   -22,268,000              
      proceeds from maturities of investments
    		123,000,000 84,500,000 82,260,000 86,483,000 99,827,000 96,128,000 101,016,000 72,344,000 66,397,000 108,250,000 62,335,000 50,820,000 58,405,000 81,686,000 81,983,000 53,562,000 105,615,000 74,969,000 15,397,000 31,909,000 56,805,000 51,800,000 20,001,000 29,935,000 20,023,000              
      purchases of property and equipment
    		54,000 -50,000 -364,000 -309,000 -1,588,000 -1,930,000 -2,035,000 -4,647,000 -4,655,000 -4,119,000 -3,015,000 -3,003,000 -503,000 -2,897,000 -1,955,000 -3,458,000 -1,121,000 -328,000 161,000 -1,908,000 -5,207,000 -6,710,000 -6,545,000 -760,000 -453,000 -109,000 -8,000  0 -17,000 -53,000  -108,000 -221,000 -15,000    
      net cash from investing activities
    		93,616,000 31,761,000 -58,035,000  78,919,000 55,624,000 35,034,000 -140,805,000 48,254,000 31,206,000 -36,721,000 -108,585,000 23,465,000 78,789,000 -62,995,000 -18,189,000 49,352,000 -29,174,000 -64,193,000 -5,435,000 27,499,000 35,180,000 -126,880,000 29,175,000 -2,985,000 -107,414,000 86,078,000 32,562,000 27,137,000 8,222,000 7,094,000 -42,281,000 4,931,000 -16,366,000 -12,343,000    
      financing activities:
    		                                      
      issuance of common stock pursuant to exercise of stock options
    		                                      
      return of related party short-swing profits
    		0                                      
      repurchase of restricted stock units to satisfy tax withholding
    		                                      
      net cash from financing activities
    		-67,000   182,849,000 176,000 1,530,000 1,184,000 391,000 189,485,000 182,000 18,343,000 108,440,000 29,526,000 17,246,000 76,000 26,638,000 1,115,000 8,792,000 512,000 151,000 -117,000 31,000   149,000 0 78,518,000  -16,000    48,686,000      
      net change in cash, cash equivalents and restricted cash
    		43,129,000 -16,988,000 -113,825,000 98,036,000 26,992,000 3,331,000 -20,638,000 -169,753,000 180,591,000 -19,481,000 -75,938,000 -56,166,000 9,132,000 56,996,000 -102,142,000 -18,964,000 11,941,000 -44,665,000 -80,934,000 -27,317,000 5,137,000 24,362,000 -59,631,000 13,198,000 -14,471,000              
      cash, cash equivalents and restricted cash at beginning of period
    		0 0 164,997,000 0 0 0 57,276,000 0 0 0 141,857,000 0 0 0 234,037,000 0 0 298,666,000 0 0 186,908,000 0 0 112,791,000 0 0 18,349,000            
      cash, cash equivalents and restricted cash at end of period
    		43,129,000 -16,988,000 51,172,000 98,036,000 26,992,000 3,331,000 36,638,000 -169,753,000 180,591,000 -19,481,000 65,919,000 -56,166,000 9,132,000 56,996,000 131,895,000 -18,964,000 11,941,000 254,001,000 -80,934,000 -27,317,000 192,045,000 24,362,000 -59,631,000 125,989,000 -14,471,000 -117,152,000 171,344,000            
      supplemental disclosure of non-cash financing and investing activities:
    		                                      
      accrued purchases of property and equipment, ending balance
    		  51,000 -80,000 -771,000 113,000 923,000 -593,000 405,000 -529,000 1,794,000                            
      operating lease liabilities
    		   0 0 0 1,134,000 2,809,000 18,000 5,000 97,000 -24,000 -32,000 -31,000 -33,000 -33,000 65,000 -15,000 -20,000 358,000 -452,000 -22,000 170,000 -210,000               
      operating lease right of use assets
    		                                      
      net unrealized loss on investments
    		98,000 -80,000 -93,000                                    
      issuance of common stock, pursuant to exercise of stock options
    		   321,000 176,000 1,530,000 1,184,000 390,000 545,000 182,000 1,114,000 323,000 229,000 3,000 76,000 284,000 1,115,000 8,792,000                     
      investment maturity receivables and purchase payables, ending balance
    		     -576,000 8,648,000                                
      impairment of acquired intangible asset
    		       0                               
      write down of property and equipment
    		       20,000    59,000 0 137,000 40,000    0 -1,000 63,000                  
      accretion of discount and amortization of premium on investments
    		                                      
      cash proceeds from acquisition of business, net of cash paid
    		                                      
      payments made to acquire right of use asset
    		       0 0 -29,000 -7,000     43,000   -3,808,000 -2,201,000 -530,000                  
      net cash provided by/(used in) investing activities
    		                                      
      issuance of common stock, net of issuance costs
    		       1,000           587,000                    
      treasury stock repurchase
    		                                      
      issuance of common stock, pursuant to sale of treasury stock
    		       0                               
      issuance of common stock, pursuant to the at-the-market offering program, net of issuance costs
    		       0                               
      issuance of common stock, pursuant to exercise of warrants
    		       0                               
      receivables from sale of property and equipment, ending balance
    		                                      
      unrealized gain on investments
    		      -454,000    267,000     -16,000   -160,000 304,000 -95,000 -27,000 233,000 38,000               
      issuance of common stock related to acquisition
    		                                      
      reclassification of construction in process from finance right of use asset
    		                                      
      unrealized loss on investments
    		    431,000    214,000   239,000 169,000 -136,000 -468,000   -33,000                     
      accretion of discount on convertible notes
    		               47,000 116,000 589,000 669,000 572,000 844,000 917,000 883,000 850,000 787,000 758,000 696,000            
      expense in connection with warrant issuance
    		                                      
      operating lease liability and right of use asset
    		                                      
      conversion of convertible notes into common stock
    		                                      
      supplemental cash flow information:
    		                                      
      cash paid for interest
    		               -1,199,000 0 1,347,000 1,465,000 0 1,495,000 1,495,000 0 1,495,000 1,495,000 0 1,495,000 0 1,495,000 0 1,462,000     0 0 89,000 
      amortization of premium and accretion of discount on investments
    		        -2,245,000 -2,488,000 -2,343,000                            
      exercise of warrants
    		         0 7,000                            
      issuance of common stock pursuant to the at-the-market offering program, net of issuance costs
    		         0 17,222,000 26,000 29,297,000                          
      amortization of right of use asset
    		              535,000                        
      amortization of premium on investments
    		                                      
      changes in operating assets and liabilities, net of acquisition:
    		                                      
      proceeds from sale of treasury stock, net of cash paid
    		                                      
      payment of withholding tax on option exercise
    		                  -76,000                    
      convertible notes refinancing costs to the lender
    		                  0 -139,000 -98,000                  
      finance lease right of use asset and lease liability
    		                  0 0 20,179,000                  
      right of use asset
    		            535,000                          
      accrued purchases of property and equipment
    		            1,342,000 -1,230,000 1,635,000 -166,000 935,000 337,000 1,669,000 1,162,000 2,796,000 2,819,000 -3,676,000 4,392,000               
      unrealized loss on marketable securities
    		                                      
      other long term liabilities
    		             -14,000 -15,000 -13,000 -15,000 -14,000                     
      reclassification of construction in process to finance right of use asset
    		                 325,000                     
      depreciation and amortization expense
    		               808,000 706,000 674,000 273,000                    
      purchases of internal use software
    		               -423,000   -278,000 -280,000 -88,000                  
      common stock repurchase
    		                  0 0 -72,000 0                 
      proceeds from sale of treasury stock
    		                  0 538,000 53,000                  
      proceeds from exercise of options
    		                                      
      payment of withholding tax on option exercises
    		                                      
      accrued purchases of internal use software
    		               -96,000 -189,000 311,000 -22,000 -52,000 174,000                  
      conversion of 2021 and 2022 convertible notes into common stock
    		                                      
      reclassification of construction in process (from) to finance right of use asset
    		                                      
      accretion of discount (amortization of premium) on investments
    		                 620,000                     
      retirement of treasury stock
    		                    72,000 -2,000 0 1,395,000               
      witholding tax payable on shares witheld in treasury stock
    		                    429,000                  
      net exercise of options
    		                     0                 
      reclassification of construction in process of finance right of use asset
    		                  0 0 26,465,000                  
      increase in lease liability
    		                                      
      depreciation expense
    		                    118,000 121,000 102,000 102,000 76,000 74,000 83,000            
      stock-based compensation expense
    		                     2,693,000                 
      loss on disposal of property and equipment
    		                        107,000              
      cash acquired in connection with the reverse merger
    		                        0 0 76,348,000            
      proceeds from sale of property and equipment
    		                        0 0 20,000            
      payment of security deposit
    		                                      
      proceeds from issuance of common stock, net of issuance costs
    		                     0   0 0 78,518,000            
      conversion of convertible preferred stock into common stock
    		                        0 0 41,466,000            
      cash paid for income taxes
    		                                      
      amortization of operating lease right-of-use assets
    		                       190,000               
      share-based compensation expense
    		                       3,180,000 2,612,000 2,786,000 5,382,000            
      amortization of premium on short term investments
    		                          12,000            
      (increase in) / reduction of lease liability
    		                        -71,000              
      accrued research and development costs
    		                        -1,332,000 -714,000 116,000            
      proceeds from issuance of convertible preferred stock
    		                                      
      supplemental disclosure of non-cash financing activities:
    		                                      
      reduction of lease liability
    		                          -20,000            
      prepaid expenses
    		                          -266,000            
      proceeds from maturities of short term investments
    		                          9,718,000            
      net change in cash and restricted cash
    		                          152,995,000            
      cash flows from operating activities:
    		                                      
      adjustments to reconcile net income to cash from operating activities:
    		                                      
      noncash interest expense
    		                           151,000 148,000 143,000 139,000 140,000    555,000 303,000 274,000 
      noncash rent
    		                           -14,000           
      noncash asset impairment charge
    		                           14,000           
      amortization of premium on marketable securities
    		                           33,000 51,000 62,000 71,000 61,000 52,000 69,000 43,000    
      depreciation
    		                           38,000 38,000 63,000 61,000 58,000 39,000 35,000 37,000 6,000   
      accounts payable
    		                           68,000 15,000 -1,534,000 310,000 -185,000 856,000 -455,000 -257,000 896,000 -487,000 154,000 
      accrued expenses and other liabilities
    		                           229,000           
      cash flows from investing activities:
    		                                      
      purchases of short-term investments
    		                           0 0 -14,482,000 -12,722,000 -53,207,000 -11,656,000 -33,253,000 -24,161,000    
      proceeds from the maturities of short-term investments
    		                           32,562,000 27,137,000 22,721,000 19,869,000 11,069,000 16,695,000 17,108,000 11,833,000    
      purchase of property and equipment
    		                                   -288,000   
      cash flows from financing activities:
    		                                      
      proceeds from issuance of 2021 convertible notes
    		                               0       
      payments of 2021 convertible notes issuance costs
    		                               0       
      net proceeds from issuance of common stock
    		                               0 -52,000      
      proceeds from the issuance of common stock pursuant to stock option plans
    		                                      
      proceeds from the issuance of common stock pursuant to employee stock purchase plan
    		                                      
      payments made for taxes of employees who surrendered shares related to settlement of restricted stock
    		                                      
      net cash from financing activities:
    		                                    -40,000 51,514,000 
      net change in cash and cash equivalents
    		                           29,574,000 21,536,000 2,337,000 -4,525,000 -53,206,000 44,485,000 -20,187,000 -21,336,000 40,236,000 -4,127,000 49,521,000 
      cash and cash equivalents, beginning of period
    		                           0 0 0 29,798,000 0 0 0 80,042,000 0 0 3,618,000 
      cash and cash equivalents, end of period
    		                           29,574,000 21,536,000 2,337,000 25,273,000 -53,206,000 44,485,000 -20,187,000 58,706,000 40,236,000 -4,127,000 53,139,000 
      supplemental disclosure of cash flow information:
    		                                      
      supplemental disclosure of noncash investing and financing activities:
    		                                      
      net unrealized gain on marketable securities
    		                           9,000 47,000 0 -18,000  -15,000 17,000 11,000    
      proceeds from issuance of common stock pursuant to stock option plans
    		                                0      
      proceeds from issuance of common stock pursuant to employee stock purchase plan
    		                            0    0      
      payments made for taxes of employees who surrendered shares related to unrestricted stock
    		                                      
      noncash rent expense
    		                             -15,000 -15,000 -14,000       
      accrued expenses and other current liabilities
    		                             282,000 -2,254,000 1,453,000 1,017,000 -88,000 730,000 -164,000 481,000 170,000 
      loss on extinguishment of debt
    		                                   3,717,000 0 522,000 
      change in fair value of convertible bridge notes redemption rights derivative
    		                                   0 0 -480,000 
      change in fair value of 2020 convertible notes derivative liability
    		                                   46,649,000   
      net proceeds from issuance of common stock in initial public offering
    		                                      
      proceeds from issuance of 2020 convertible notes in initial public offering
    		                                     21,000,000 
      payments of 2020 convertible notes issuance costs
    		                                   0 0 -1,841,000 
      proceeds from the issuance of common stock pursuant to stock option plan
    		                                      
      principal payments on notes payable
    		                                   0   
      acquisition of leasehold improvements
    		                                      
      conversion of series aa preferred stock into common stock upon initial public offering
    		                                   0 0 46,383,000 
      conversion of series x preferred stock into common stock upon initial public offering
    		                                   0 0 548,000 
      conversion of convertible bridge notes into common stock upon initial public offering
    		                                   0 0 2,028,000 
      conversion of 2020 convertible notes into common stock
    		                                      
      accretion of series aa preferred stock to redemption value
    		                                   0 0 130,000 
      reclassification of fair value of warrant liability to equity upon initial public offering
    		                                   0 0 215,000 
      reclassification of deferred public offering costs to stockholders’ equity
    		                                   0   
      reclassification of deferred public offering costs to other assets
    		                                   0 0 256,000 
      net unrealized loss on marketable securities
    		                                      
      reclassification of deferred public offering costs to stockholders' equity
    		                                      
      deferred rent and lease incentives
    		                                 -15,000 -16,000    
      purchase of short-term investments
    		                                      
      proceeds from issuance of common stock in initial public offering, net of issuance costs
    		                                   -30,000 -40,000 38,155,000 
      proceeds from issuance of common stock in follow-on public offering, net of issuance costs
    		                                      
      proceeds from exercise of stock options
    		                                      
      proceeds from exercise of warrants for series aa preferred stock
    		                                      
      accrual of series aa preferred stock dividends
    		                                      
      reclassification of fair value of warrant liability related to exercise of preferred stock warrants
    		                                      
      net cash from investing activities:
    		                                      
      proceeds from issuance of 2020 convertible notes in initial public offering, net of underwriting discounts
    		                                      
      change in fair value of 2020 convertible notes derivative
    		                                     -1,997,000 
      principal and termination payments on notes payable
    		                                     -5,800,000 
      reclassification of deferred public offering costs to stockholders’s equity
    		                                     1,590,000 
      adjustments to reconcile net income to cash used by operating activities:
    		                                      
      change in fair value of warrant liabilities and convertible notes redemption rights derivative
    		                                      
      net proceeds from issuance of notes payable and series aa preferred stock warrants
    		                                      
      net proceeds from issuance of convertible notes
    		                                      
      net proceeds from issuance of series aa preferred stock and series aa preferred stock warrants
    		                                      
      issuance of 2,677,731 shares of series aa preferred stock upon conversion of convertible notes and accrued interest
    		                                      
      conversion of series aa preferred stock to common stock
    		                                      
    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.