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 2015-12-31 
      
    		                                        
      cash flows from operating activities
    		                                        
      net income
    		-61,941,000 -70,871,000 6,083,000 -51,186,000 -59,597,000 -52,989,000 -63,330,000 -62,889,000 -61,868,000 -72,061,000 -66,676,000 -59,935,000 -75,484,000 -68,179,000 -76,723,000 294,023,000 -58,405,000 -57,639,000 -50,139,000 -46,241,000 8,791,000 -33,762,000 -40,038,000 -26,464,000 -34,584,000 -1,457,000 -32,228,000 4,306,000 -19,202,000 10,594,000 104,239,000 -15,997,000 -20,706,000 -14,473,000 -21,993,000 -19,608,000 -18,154,000 -14,437,000 -10,768,000 -5,176,000 
      adjustments to reconcile net income to net cash from operating activities
    		                                        
      stock-based compensation expense
    		8,998,000 8,653,000 8,537,000 9,542,000 9,884,000 9,435,000 9,602,000 8,338,000 10,219,000 10,504,000 11,206,000 9,408,000 10,245,000 10,335,000 10,800,000 9,162,000 9,734,000 9,992,000 9,920,000 7,581,000 8,035,000 8,316,000 8,017,000 6,875,000 7,162,000 7,099,000 5,718,000 4,886,000 4,483,000 3,981,000 3,291,000 2,796,000 2,735,000 2,483,000 2,591,000 2,000,000 1,829,000 1,656,000 1,546,000 862,000 
      depreciation and amortization
    		3,886,000 3,905,000 3,955,000 4,023,000 3,961,000 4,051,000 4,180,000 4,335,000 4,372,000 4,435,000 4,178,000 4,126,000 3,549,000 2,643,000 2,591,000 2,606,000 2,828,000 2,201,000 1,929,000 2,105,000 2,176,000 2,132,000 1,994,000 1,923,000 1,866,000 1,749,000 1,614,000 1,311,000 941,000 896,000 834,000 723,000 706,000 703,000 554,000 280,000 160,000 56,000 48,000 37,000 
      net accretion of discounts on marketable debt securities
    		-1,823,000 -1,356,000 -1,071,000                                      
      net realized gain on investments
    		                                        
      impairment of long-lived assets
    		   0 0 0 2,101,000                                  
      non-cash interest expense
    		5,305,000 2,767,000 -277,000 5,689,000 439,000 -715,000 688,000 155,000 667,000 -662,000 -574,000 -630,000 -107,000 820,000 54,000 -15,135,000 6,709,000 6,366,000 6,702,000                      
      other non-cash adjustments
    		48,000 22,000 -10,000 1,384,000 11,000 0 -71,000 154,000 220,000 -3,000 -52,000 33,000 232,000 351,000 -43,000 130,000 166,000 -63,000 -154,000 -100,000 -110,000 348,000 25,000 -89,000 -85,000 115,000 327,000 2,000 -1,000 3,000 10,000 34,000 -1,000 -1,000 41,000      
      changes in operating assets and liabilities
    		                                        
      accounts receivable
    		-6,310,000 -2,362,000 1,572,000 8,133,000 -710,000 -6,893,000 9,177,000 3,369,000 -6,542,000 -2,387,000 9,495,000 4,844,000 5,006,000 -10,717,000 5,689,000 22,004,000 -6,402,000 -3,102,000 1,618,000 79,544,000 -86,731,000 3,033,000 -5,744,000 2,077,000 -9,280,000 -2,010,000 591,000 -23,789,000 -1,893,000 60,293,000 -51,414,000 411,000 -832,000 179,000 803,000 -386,000 106,000 1,240,000 113,000  
      prepaid expenses
    		-2,167,000 318,000 -2,027,000 1,935,000 -981,000 3,569,000 930,000 -1,959,000 2,551,000 409,000 -1,621,000 924,000 1,421,000 2,297,000 210,000 -351,000 -5,309,000 747,000 -3,334,000 5,607,000 -6,363,000 -2,327,000 -947,000 445,000 -884,000 256,000 -790,000 574,000 -2,618,000 977,000 667,000 -2,109,000 -793,000 -589,000 -68,000 396,000 -691,000 -291,000 -169,000 380,000 
      other current assets
    		7,000 -3,353,000 -2,240,000 9,315,000 166,000 3,856,000 -6,826,000 3,027,000 -727,000 805,000 -13,651,000 -2,504,000 1,316,000 -1,607,000 3,042,000 -4,007,000 -200,000 -2,234,000 -873,000 5,339,000 74,000 -239,000 -2,833,000 -1,785,000 -133,000 1,714,000 -295,000 1,003,000 -2,487,000 -139,000 -446,000 -22,000 -138,000 -330,000 88,000 990,000 -563,000 -137,000 -449,000 -724,000 
      operating lease right-of-use assets
    		1,683,000 1,668,000 1,638,000 1,610,000 1,575,000 1,483,000 1,528,000 1,516,000 1,439,000 1,416,000 1,390,000 1,367,000 1,066,000 1,038,000 979,000 1,086,000 1,298,000 1,250,000 1,232,000 1,233,000 543,000 740,000 703,000 719,000 556,000 583,000 573,000              
      other assets
    		-2,389,000 1,108,000 1,013,000 332,000 -1,386,000 1,271,000 590,000 -138,000 -836,000 4,457,000 -1,893,000 1,953,000 -2,445,000 2,624,000 -2,101,000 2,130,000 -1,989,000 1,376,000 -3,789,000 -919,000 -37,000 -350,000 1,705,000 -544,000 -800,000 -1,376,000 26,000 -665,000 -136,000 -631,000 -21,000 -26,000 -23,000 -96,000 10,000 -68,000 27,000 -43,000 -55,000 -40,000 
      accounts payable
    		694,000 2,534,000 -3,651,000 3,038,000 3,124,000 -14,915,000 8,461,000 1,220,000 10,097,000 -11,005,000 -3,103,000 1,907,000 7,356,000 -7,228,000 16,755,000 -8,807,000 7,350,000 -1,125,000 278,000 -6,034,000 5,829,000 1,015,000 3,063,000 -3,811,000 3,565,000 1,458,000 316,000 -374,000 496,000 -817,000 477,000 1,479,000 -1,581,000 255,000 2,468,000 -3,409,000 2,665,000 1,112,000 -182,000 273,000 
      accrued expenses and other current liabilities
    		2,751,000 11,922,000 -14,489,000 -10,676,000 6,103,000 9,526,000 -17,077,000 3,998,000 -5,047,000 18,944,000 -15,443,000 2,625,000 -2,648,000 880,000 -26,473,000 29,435,000 6,353,000 4,664,000 -10,544,000 -1,000,000 16,966,000 5,247,000 -3,813,000 4,892,000 2,947,000 1,975,000 -2,932,000 4,144,000 872,000 2,076,000 490,000 -1,552,000 3,480,000 1,889,000 -1,920,000 -718,000 1,609,000 1,772,000 1,210,000  
      deferred revenue
    		-3,400,000 -2,104,000 39,770,000 -29,000 123,000 8,000 -135,000 -294,000 -6,000 -779,000 -433,000 -3,989,000 -648,000           0 0   3,333,000 0            
      operating lease liabilities
    		-1,224,000 -2,177,000 -2,219,000 -2,062,000 -1,998,000 -1,982,000 -2,041,000 -1,637,000 -1,659,000 -1,841,000 -1,504,000 -494,000 -597,000 -461,000 1,008,000 1,224,000 357,000 6,248,000 4,244,000 4,361,000 -1,025,000 -346,000 -851,000 -423,000 -661,000 -579,000 -592,000              
      other liabilities
    		-16,000 -16,000 -2,955,000 61,000 53,000 41,000 -2,764,000 121,000 107,000 106,000 -2,849,000 168,000 161,000 846,000 6,935,000 291,000 -30,000 66,000 -38,000 -21,000 -37,000 -10,000 -1,156,000 -16,000 -25,000 162,000 -644,000 1,814,000 -29,000 -1,056,000 957,000          
      net cash from operating activities
    		-55,960,000 -49,342,000 33,629,000 -31,624,000 -40,549,000 -45,497,000 -55,455,000 -40,760,000 -49,407,000 -47,322,000 -80,918,000 -39,372,000 -50,456,000 -61,749,000 -55,911,000 326,237,000 -36,359,000 -29,872,000 -41,131,000 39,468,000 -36,460,000 -21,496,000 -35,573,000 -25,506,000 -29,153,000 -23,749,000 -29,297,000 -4,140,000 -19,557,000 70,211,000 58,134,000 -13,826,000 -17,136,000 -9,549,000 -17,481,000 -20,423,000 -11,818,000 -8,430,000 -7,887,000 -4,443,000 
      capex
    		-491,000 -391,000 -1,024,000 -1,079,000 -326,000 -474,000 -557,000 -1,126,000 -1,439,000 -2,577,000 -4,818,000 -5,470,000 -5,050,000 -9,237,000 -10,967,000 -14,614,000 -18,698,000 -20,109,000 -27,238,000 -6,123,000 -6,072,000 -3,278,000 -4,630,000 -1,031,000 -2,679,000 -5,555,000 -2,455,000 -4,889,000 -3,372,000 -2,673,000 -2,344,000 -2,101,000 -450,000 -1,680,000 -2,929,000 -5,070,000 -1,346,000 -558,000 6,000 -128,000 
      free cash flows
    		-56,451,000 -49,733,000 32,605,000 -32,703,000 -40,875,000 -45,971,000 -56,012,000 -41,886,000 -50,846,000 -49,899,000 -85,736,000 -44,842,000 -55,506,000 -70,986,000 -66,878,000 311,623,000 -55,057,000 -49,981,000 -68,369,000 33,345,000 -42,532,000 -24,774,000 -40,203,000 -26,537,000 -31,832,000 -29,304,000 -31,752,000 -9,029,000 -22,929,000 67,538,000 55,790,000 -15,927,000 -17,586,000 -11,229,000 -20,410,000 -25,493,000 -13,164,000 -8,988,000 -7,881,000 -4,571,000 
      cash flows from investing activities
    		                                        
      purchases of marketable debt securities
    		-39,521,000 -211,141,000 -19,157,000 -16,223,000 -36,198,000 -82,528,000 -55,190,000 -18,639,000 -18,130,000   -11,965,000 -14,550,000 -28,874,000 -129,486,000 -235,473,000 -20,680,000 -8,364,000 -233,627,000 -43,667,000 -8,709,000 -39,973,000 -30,692,000                  
      maturities of marketable debt securities
    		82,237,000 71,096,000 64,924,000 51,792,000 86,782,000 82,734,000 68,930,000 53,739,000 56,251,000 107,590,000 67,912,000 44,135,000 72,119,000 37,030,000 49,862,000 33,700,000 49,916,000 36,005,000 50,465,000 43,586,000 43,529,000 85,446,000 60,907,000                  
      sales of equity securities
    		       0    0    28,000                         
      purchases of property and equipment
    		-491,000 -391,000 -1,024,000 -1,079,000 -326,000 -474,000 -557,000 -1,126,000 -1,439,000 -2,577,000 -4,818,000 -5,470,000 -5,050,000 -9,237,000 -10,967,000 -14,614,000 -18,698,000 -19,842,000 -31,021,000 -12,889,000 -6,072,000 -3,278,000 -4,630,000 -1,031,000 -2,679,000 -5,555,000 -2,455,000 -4,889,000 -3,372,000 -2,673,000 -2,344,000 -2,101,000 -450,000 -1,680,000 -2,929,000 -4,435,000 -2,223,000 -1,075,000 -416,000 -128,000 
      net cash from investing activities
    		42,287,000 -140,436,000 44,743,000 40,273,000 50,258,000 -268,000 13,183,000 33,974,000 38,657,000 55,218,000 63,094,000 26,700,000 53,043,000 -1,081,000 -90,591,000 -216,359,000 16,101,000 7,799,000 -214,183,000 11,570,000 33,998,000 44,482,000 32,709,000 14,154,000 52,272,000 21,672,000 5,461,000  -136,723,000 -38,367,000 -37,086,000 -1,143,000 18,765,000 -25,575,000 3,163,000 17,210,000 9,799,000 2,893,000 -10,739,000 -144,341,000 
      cash flows from financing activities
    		                                        
      proceeds from exercise of stock options
    		0 78,000 150,000 38,000 398,000 192,000 884,000 209,000 92,000 749,000 471,000 43,000 917,000 1,507,000 337,000 985,000 1,729,000 275,000 1,292,000 1,376,000 268,000 1,825,000 2,154,000 1,549,000 384,000 1,367,000 3,762,000 5,448,000 2,052,000 3,175,000 3,824,000 1,741,000 423,000 168,000 161,000 5,000 44,000 109,000 21,000 7,000 
      taxes paid related to net settlement of stock-based awards
    		-123,000 0 -510,000 0 0 0 -910,000 0 0 0 -419,000 0 0 0 -284,000                          
      proceeds from issuance of common stock under employee stock purchase plan
    		741,000 0 307,000 0 780,000 0 411,000 0 1,243,000 0 583,000 0 1,120,000 0 622,000 0 1,141,000 0 627,000 0 1,192,000 0 607,000 0 949,000 0 365,000 -3,000 508,000 0 342,000 0 409,000 0 147,000      
      proceeds from public offering of common stock and pre-funded warrants, net of issuance costs
    		   0                                     
      offering expenses related to at-the-market offering programs
    		-75,000 -112,000 -147,000                                      
      proceeds from issuance of royalty bond and warrants, net of transaction costs
    		-33,000                                        
      repayments under royalty monetization liabilities, net of interest
    		-7,593,000                                        
      net cash from financing activities
    		-7,083,000 139,232,000 -5,794,000 -7,740,000 -10,857,000 -9,445,000 120,725,000 -11,962,000 -4,805,000 -9,162,000 -9,037,000 -8,920,000 -5,417,000 -7,669,000 -6,834,000 7,644,000 -8,427,000 -12,337,000 208,370,000 194,168,000 1,460,000 1,825,000 2,761,000 1,549,000 1,333,000 1,367,000 4,127,000 5,288,000 191,814,000 3,175,000 4,166,000 1,741,000 606,000 10,728,000 71,523,000 -55,000 44,000 109,000 21,000 -2,424,000 
      net increase in cash and cash equivalents and restricted cash
    		-20,756,000 -50,546,000 72,578,000 909,000 -1,148,000 -55,210,000 78,453,000         117,522,000 -28,685,000   245,206,000 -1,002,000   -9,803,000 24,452,000 -710,000 -19,709,000 -66,034,000 35,534,000 35,019,000 25,214,000          
      cash and cash equivalents and restricted cash
    		                                        
      beginning of period
    		0 0 59,556,000 0 0 0 36,552,000 0 0 0 98,982,000 0 0 0 347,239,000 0 0 0 339,756,000 0 0 0 70,844,000 0 0 0 76,614,000 0 0 0 46,881,000 0 0 0 24,840,000 0 0 0 54,116,000 0 
      end of period
    		-20,756,000 -50,546,000 132,134,000 909,000 -1,148,000 -55,210,000 115,005,000 -18,748,000 -15,555,000 -1,266,000 72,121,000 -21,592,000 -2,830,000 -70,499,000 193,903,000 117,522,000 -28,685,000 -34,410,000 292,812,000 245,206,000 -1,002,000 24,811,000 70,741,000 -9,803,000 24,452,000 -710,000 56,905,000 -66,034,000 35,534,000 35,019,000 72,095,000 -13,228,000 2,235,000 -24,396,000 82,045,000 -3,268,000 -1,975,000 -5,428,000 35,511,000 -151,208,000 
      repayments under liability related to sale of future royalties, net of imputed interest
    		  -5,594,000 -7,613,000 -11,730,000 -9,285,000 -11,226,000 -11,752,000 -10,963,000 -9,911,000 -9,672,000 -8,963,000 -7,454,000 -9,176,000 -7,509,000                          
      benefit from credit losses
    		               -8,101,000 4,967,000 0 565,000 0                     
      net amortization of premiums (accretion of discounts) on marketable debt securities
    		   -1,117,000 -1,316,000 -1,243,000 -468,000                                  
      proceeds from private placement of common stock, net of issuance costs
    		       0                                 
      supplemental cash flow information
    		                                        
      cash paid (received) for income taxes
    		                                        
      cash paid for imputed interest under liability related to sale of future royalties
    		                                        
      offering expenses related to at-the-market offering program
    		    -20,000 -103,000 -35,000 -419,000                                 
      proceeds from public offering of common stock and pre-funded warrants, net of underwriting discounts and commissions
    		     0 131,601,000                                  
      issuance costs for public offering of common stock and pre-funded warrants
    		                                        
      net amortization of premiums on marketable debt securities
    		       -242,000 -133,000 380,000 682,000 903,000 1,131,000 1,218,000 1,460,000  1,506,000                        
      proceeds from public offering of common stock, net of underwriting discounts and commissions
    		               0 0 0 216,438,000             0 0 10,695,000 71,299,000      
      issuance costs for public offering of common stock
    		               0 0               0 -226,000 -135,000 -84,000      
      transaction costs for sale of future royalties
    		               0 0 0 -265,000                      
      net gain on investments
    		           0 7,000                            
      imputed interest income from licensing
    		        -56,000 -40,000 -70,000 -78,000 -17,000 -153,000 -94,000 -19,000 -110,000 -202,000 -29,000 -130,000 -133,000 -1,052,000 -848,000 -860,000 -716,000 -762,000 -613,000 -584,000 -109,000 -6,898,000 -1,355,000          
      net decrease in cash and cash equivalents and restricted cash
    		        -15,555,000 -1,266,000 -26,861,000  -2,830,000 -70,499,000 -153,336,000    -46,944,000    -103,000                  
      net income on investments
    		                                        
      sales of marketable debt securities
    		                   0 0                    
      proceeds from sale of future royalties
    		                                        
      net gains on investments
    		                                        
      taxes paid related to net settlement of stock options
    		                                        
      supplemental disclosures of non-cash investing and financing activities
    		                                        
      increase in accounts payable and accrued liabilities related to purchases of property and equipment
    		                                        
      non-cash additions to property and equipment through tenant improvement allowance
    		                   46,000                     
      non-cash consideration received for licenses granted
    		                   0 0           0         
      transaction costs for sale of future royalties in accounts payable and other current liabilities
    		                                        
      proceeds due to company from sales of non-marketable equity securities
    		               -46,000                         
      net incomees (gains) on investments
    		                                        
      repayments under liability related to sale of future royalties
    		                -11,297,000 -12,484,000 -9,471,000                      
      net additions to property and equipment through accounts payable and accrued expenses
    		                                        
      net realized and unrealized losses (gains) on marketable securities
    		                 0 -7,000 -13,125,000                     
      sales of marketable equity securities
    		                   24,540,000 5,250,000 0 7,124,000                  
      additions to property and equipment through accounts payable and accrued expenses
    		                 -267,000 3,783,000 6,766,000                     
      net amortization of premiums on marketable securities
    		                  1,288,000                      
      issuance costs for public offerings of common stock
    		                  -251,000                      
      net amortization of premiums (accretion of discounts) on marketable securities
    		                                        
      deferred rent
    		                           9,000 -60,000 -8,000 27,000 32,000 -29,000 -45,000 -44,000 -25,000 701,000 148,000 453,000 48,000 
      proceeds from public offerings of common stock, net of underwriting discounts and commissions
    		                                        
      assets acquired under financing lease obligation
    		                                        
      transaction costs for sale of future royalties in accounts payable and accrued expenses
    		                                        
      net amortization of premiums and accretion of discounts on marketable debt securities
    		                     166,000 39,000 -111,000 -297,000 -420,000 -368,000 -134,000 171,000 340,000 378,000 405,000 465,000 476,000 469,000 502,000 515,000 516,000 471,000  
      net realized gains on sales and maturities of marketable securities
    		                     10,000 -7,085,000                  
      unrealized losses (gains) on marketable equity securities
    		                                        
      unrealized losses on marketable equity securities
    		                      12,196,000                  
      net realized losses (gains) on sales and maturities of marketable securities
    		                       -5,970,000                 
      unrealized gains on marketable equity securities
    		                       -2,364,000 2,236,000                
      purchases of marketable securities
    		                       -62,810,000 -21,806,000 -26,870,000 -79,249,000 -125,932,000 -180,816,000 -84,814,000 -54,267,000 -22,041,000 0 -41,405,000 -5,188,000 -12,810,000 -1,000 -11,832,000 -20,429,000 -144,213,000 
      maturities of marketable securities
    		                       71,975,000 76,757,000 54,097,000 87,165,000 63,639,000 47,465,000 49,120,000 19,525,000 22,999,000 19,215,000 17,510,000 10,500,000 34,455,000 12,000,000 16,025,000 10,106,000  
      sales of marketable securities
    		                               0 0 0 780,000 0     
      cash paid for income taxes
    		                                        
      purchases of property and equipment in accounts payable and accrued expenses
    		                                   -635,000 877,000 517,000 422,000  
      issuance costs for public offerings of common stock in accounts payable and accrued expenses
    		                                        
      advance payments
    		                                   0 0 -35,000 -92,000 0 
      net cash from (used) in investing activities
    		                                        
      net realized losses (gains) on sales of marketable securities
    		                                        
      issuance costs for public offering of common stock in accounts payable and accrued expenses
    		                                 -135,000 328,000      
      net realized gains on sales of marketable securities
    		                               0         
      due to related party under services agreement
    		                                       0 
      other related party payables
    		                                       -349,000 
      restricted cash
    		                                   0 0    
      proceeds from issuance of series c convertible preferred stock, net of transaction costs
    		                                       0 
      proceeds from issuance of series d convertible preferred stock, net of transaction costs
    		                                       0 
      proceeds from initial public offering of common stock, net of transaction costs
    		                                        
      net increase in cash and cash equivalents
    		                               -13,228,000 2,235,000 -24,396,000 57,205,000 -3,268,000 -1,975,000 -5,428,000 -18,605,000 -151,208,000 
      cash and cash equivalents
    		                                        
      cash paid for interest
    		                                       0 
      conversion of accrued service fees to related party into series c convertible preferred stock
    		                                        
      conversion of related party promissory notes into series c convertible preferred stock
    		                                       0 
      conversion of convertible preferred stock into common stock upon initial public offering
    		                                       0 
      realized gains on sales of marketable securities
    		                                 0 -480,000      
      issuance costs for potential public offering of common stock
    		                                        
      proceeds from related party promissory notes
    		                                        
      deferred issuance costs for potential public offering of common stock in accrued expenses
    		                                        
      deferred issuance costs for series c convertible preferred stock in accrued expenses
    		                                        
      unrealized foreign currency transaction gains
    		                                        
      imputed interest on related party promissory notes
    		                                       0 
      proceeds from initial public offering of common stock, net of underwriting discounts and commissions
    		                                        
      issuance costs for initial public offering
    		                                        
      issuance costs for initial public offering in accounts payable and accrued expenses
    		                                        
      deferred issuance costs for initial public offering in accrued expenses
    		                                        
      unrealized foreign currency transaction losses
    		                                      -13,000  
      trade receivables
    		                                       -1,542,000 
      related party receivables
    		                                       0 
      unbilled receivables
    		                                       0 
      proceeds from issuance of series b preferred units, net of transaction costs
    		                                        
      conversion of accrued service fees to related party into series b preferred units
    		                                        
      amortization of premiums on marketable debt securities
    		                                        
      accrued expenses
    		                                        
      payments of initial public offering costs
    		                                        
      conversion of accrued service fees into series c convertible preferred stock
    		                                        
      purchases of property and equipment in accounts payable
    		                                        
    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.