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 
      
    		                    
      assets
    		                    
      current assets:
    		                    
      cash and cash equivalents
    		103,357,000 71,271,000 96,131,000 127,566,000 126,996,000 134,958,000 177,054,000 133,517,000 168,448,000 173,787,000 160,456,000 176,765,000 163,343,000 194,659,000 188,517,000 253,029,000 433,670,000 675,140,000 750,687,000 124,806,000 
      marketable securities
    		49,697,000 1,403,000 8,570,000 24,931,000 72,011,000 116,685,000 134,028,000 71,678,000 100,122,000 152,128,000 188,850,000 247,198,000 322,407,000 290,143,000 323,861,000 297,967,000 170,041,000 177,696,000 209,550,000 253,458,000 
      restricted cash
    		4,195,000 4,195,000 4,195,000 3,832,000 3,832,000 3,832,000 3,832,000 3,832,000 3,832,000 6,100,000 6,100,000 6,100,000 6,100,000 10,508,000 8,819,000 8,819,000 8,819,000 2,143,000 2,143,000 2,143,000 
      prepaid expenses and other current assets
    		4,510,000 5,633,000 3,835,000 4,479,000 7,310,000 7,978,000 6,349,000 4,488,000 7,120,000 6,606,000 14,502,000 14,374,000 8,400,000 9,612,000 10,842,000 7,105,000 9,134,000 7,504,000 7,237,000 6,203,000 
      total current assets
    		161,759,000 82,502,000 112,731,000 160,808,000 210,149,000 263,453,000 321,263,000 213,515,000 279,522,000 338,621,000 369,908,000 444,437,000 500,250,000 494,414,000 523,220,000 558,101,000 612,845,000 860,340,000 967,474,000 384,467,000 
      property and equipment
    		29,931,000 33,081,000 73,687,000 77,308,000 82,826,000 85,909,000 81,649,000 70,689,000 68,369,000 62,654,000 64,260,000 66,917,000 67,349,000 67,846,000 68,693,000 65,464,000 63,445,000 58,670,000 50,986,000 46,775,000 
      operating lease right-of-use assets
    		40,704,000 43,021,000 54,837,000 57,961,000 61,040,000 63,154,000 71,565,000 74,903,000 77,235,000 94,715,000 98,116,000 92,486,000 95,733,000 98,910,000 97,145,000 96,320,000 84,828,000 60,330,000 61,770,000 63,168,000 
      intangible asset
    		59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 59,195,000 
      goodwill
    		140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 140,627,000 
      other non-current assets
    		3,216,000 3,219,000 4,393,000 5,121,000 5,555,000 6,329,000 7,078,000 6,370,000 6,492,000 6,927,000 4,589,000 4,599,000 4,717,000 4,825,000 4,900,000 5,000,000 591,000 598,000 644,000 190,000 
      total assets
    		435,432,000 361,645,000 445,470,000 501,020,000 559,392,000 618,667,000 681,377,000 565,299,000 631,440,000 707,147,000 746,928,000 822,720,000 898,102,000 971,089,000 1,047,613,000 1,129,407,000 1,232,751,000 1,259,837,000 1,304,466,000 730,296,000 
      liabilities and stockholders' equity
    		                    
      current liabilities:
    		                    
      accounts payable
    		1,858,000 2,270,000 989,000 5,210,000 2,991,000 3,817,000 6,095,000 4,108,000 9,928,000 3,089,000 2,334,000 2,857,000 3,993,000 3,079,000 4,765,000 2,219,000 3,947,000 3,704,000 4,258,000 2,253,000 
      accrued compensation
    		11,296,000 9,411,000 9,354,000 14,449,000 18,050,000 15,581,000 13,965,000 23,722,000 24,286,000 19,669,000 17,029,000 26,362,000 24,500,000 17,991,000 16,889,000 21,131,000 20,218,000 15,294,000 10,811,000 16,020,000 
      accrued expenses and other current liabilities
    		7,991,000 7,931,000 9,810,000 13,240,000 15,362,000 21,293,000 19,674,000 23,462,000 18,940,000 18,040,000 13,298,000 14,547,000 14,970,000 13,985,000 11,321,000 10,344,000 12,884,000 12,830,000 11,171,000 9,466,000 
      operating lease liabilities
    		14,368,000 13,832,000 13,003,000 12,534,000 10,601,000 9,998,000 13,167,000 13,195,000 13,490,000 12,890,000 12,892,000 12,393,000 11,921,000 10,667,000 9,635,000 9,159,000 6,502,000 6,004,000 3,910,000 3,712,000 
      total current liabilities
    		35,513,000 33,444,000 33,156,000 45,433,000 47,004,000 50,689,000 52,901,000 64,487,000 66,644,000 112,105,000 102,777,000 111,504,000 114,813,000 97,108,000 93,510,000 99,235,000 92,010,000 42,832,000 35,150,000 31,451,000 
      operating lease liabilities, net of current portion
    		67,868,000 71,660,000 78,311,000 81,663,000 85,483,000 88,559,000 92,922,000 90,901,000 83,374,000 100,245,000 101,607,000 95,860,000 99,859,000 102,960,000 102,518,000 101,784,000 92,403,000 66,149,000 66,349,000 68,197,000 
      contingent consideration
    		115,141,000 117,132,000 110,832,000 108,968,000 111,856,000 111,621,000 114,990,000   58,417,000 57,224,000 55,345,000 59,429,000 51,386,000 50,900,000 51,382,000 43,459,000 140,457,000 133,294,000 121,901,000 
      success payment liabilities
    		13,726,000 8,611,000 4,649,000 4,556,000 15,115,000 20,847,000 45,422,000 12,799,000 12,414,000       5,000,000 5,000,000 5,000,000 5,000,000 76,494,000 
      other non-current liabilities
    		7,876,000 8,242,000 9,443,000 9,896,000 7,456,000 7,302,000           539,000 539,000 539,000 540,000 
      total liabilities
    		240,124,000 239,089,000 236,391,000 250,516,000 266,914,000 279,018,000 306,235,000 277,793,000 265,588,000 352,118,000 318,666,000 323,405,000 332,083,000 331,584,000 345,958,000 400,905,000 402,666,000 353,940,000 422,483,000 298,583,000 
      commitments and contingencies
    		                    
      stockholders' equity:
    		                    
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of september 30, 2025 and december 31, 2024
    		                    
      common stock
    		26,000 23,000 23,000 22,000 22,000 22,000 22,000 20,000 20,000 20,000 19,000 19,000 19,000 19,000 19,000 18,000 18,000 18,000 18,000 2,000 
      additional paid-in capital
    		1,985,452,000 1,870,572,000 1,863,295,000 1,855,318,000 1,848,183,000 1,835,503,000 1,820,701,000 1,625,637,000 1,616,008,000 1,606,832,000 1,567,341,000 1,558,459,000 1,546,807,000 1,535,106,000 1,523,616,000 1,515,210,000 1,504,778,000 1,497,232,000 1,491,958,000 8,216,000 
      accumulated other comprehensive income
    		21,000   14,000 54,000           -1,366,000 -82,000 13,000 56,000 30,000 
      accumulated deficit
    		-1,790,191,000 -1,748,039,000 -1,654,239,000 -1,604,850,000 -1,555,781,000 -1,495,857,000 -1,445,566,000 -1,338,091,000 -1,249,974,000 -1,250,958,000 -1,136,959,000 -1,054,836,000 -974,393,000 -889,273,000 -816,808,000 -785,360,000 -674,629,000 -591,366,000 -610,049,000 -429,432,000 
      total stockholders' equity
    		195,308,000 122,556,000 209,079,000 250,504,000 292,478,000 339,649,000 375,142,000 287,506,000 365,852,000 355,029,000 428,262,000 499,315,000 566,019,000 639,505,000 701,655,000 728,502,000 830,085,000 905,897,000 881,983,000  
      total liabilities and stockholders' equity
    		435,432,000 361,645,000 445,470,000 501,020,000 559,392,000 618,667,000 681,377,000 565,299,000 631,440,000 707,147,000 746,928,000 822,720,000 898,102,000 971,089,000 1,047,613,000      
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of june 30, 2025 and december 31, 2024
    		                    
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of march 31, 2025 and december 31, 2024
    		                    
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of december 31, 2024 and december 31, 2023
    		                    
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of september 30, 2024 and december 31, 2023
    		                    
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of june 30, 2024 and december 31, 2023
    		                    
      accumulated other comprehensive loss
    		     -19,000 -15,000 -60,000 -202,000 -865,000 -2,139,000 -4,327,000 -6,414,000 -6,347,000 -5,172,000      
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of march 31, 2024 and december 31, 2023
    		                    
      long-term marketable securities
    		          5,825,000 10,051,000 25,823,000 94,764,000 145,014,000 195,881,000 262,401,000 77,934,000 21,627,000 33,731,000 
      long-term restricted cash
    		         4,408,000 4,408,000 4,408,000 4,408,000        
      contingent consideration, net of current portion
    		       109,606,000 103,156,000 103,317,000 98,615,000 95,034,000 81,701,000 97,999,000 102,315,000 102,361,000 88,522,000    
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of december 31, 2023 and december 31, 2022
    		                    
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of september 30, 2023 and december 31, 2022
    		                    
      success payment liabilities, net of current portion
    		         36,451,000 15,667,000 21,007,000 35,710,000 33,517,000 47,615,000 97,525,000 129,192,000 103,963,000 187,151,000  
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of june 30, 2023 and december 31, 2022
    		                    
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of march 31, 2023 and december 31, 2022
    		                    
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of december 31, 2022 and 2021, respectively
    		                    
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively
    		                    
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively
    		                    
      preferred stock, 0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of march 31, 2022 and december 31, 2021, respectively
    		                    
      liabilities, convertible preferred stock, and stockholders' equity
    		                    
      convertible preferred stock
    		                   852,897,000 
      stockholders' equity
    		                    
      preferred stock, 0.0001 par value; 50,000 and zero shares authorized as of december 31, 2021 and 2020, respectively; zero shares issued and outstanding as of december 31, 2021 and 2020
    		                    
      total liabilities, convertible preferred stock, and stockholders' equity
    		               1,129,407,000 1,232,751,000 1,259,837,000 1,304,466,000  
      preferred stock, 0.0001 par value; 50,000 and zero shares authorized as of september 30, 2021 and december 31, 2020, respectively; zero shares issued and outstanding as of september 30, 2021 and december 31, 2020, respectively
    		                    
      preferred stock, 0.0001 par value; 50,000 and zero shares authorized as of june 30, 2021 and december 31, 2020, respectively; zero shares issued and outstanding as of june 30, 2021 and december 31, 2020, respectively
    		                    
      preferred stock, 0.0001 par value; 50,000 and zero shares authorized as of march 31, 2021 and december 31, 2020, respectively; zero shares issued and outstanding as of march 31, 2021 and december 31, 2020, respectively
    		                    
      liabilities, convertible preferred stock, and stockholders’ deficit
    		                    
      stockholders’ deficit:
    		                    
      total stockholders’ deficit
    		                   -421,184,000 
      total liabilities, convertible preferred stock, and stockholders deficit
    		                   730,296,000 
      operating expenses:
    		                    
      research and development
    		                   257,879,000 
      general and administrative
    		                   28,270,000 
      total operating expenses
    		                   286,149,000 
      income from operations
    		                   -286,149,000 
      interest income
    		                   747,000 
      other income
    		                   97,000 
      income before income taxes
    		                   -285,305,000 
      benefit from income taxes
    		                    
      net income
    		                   -285,305,000 
      net income per share
    		                   -21,920 
      weighted-average shares outstanding, basic and diluted
    		                   13,014,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.