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 
      
    		                                       
      assets
    		                                       
      current assets:
    		                                       
      cash and cash equivalents
    		116,808,000 108,636,000 153,993,000 154,083,000 133,019,000 105,396,000 114,615,000 295,394,000 94,550,000 97,275,000 57,517,000 74,356,000 71,377,000 120,239,000 188,773,000 221,965,000 71,433,000 68,041,000 64,386,000 115,243,000 56,356,000 53,611,000 44,629,000 24,609,000 30,581,000 26,666,000 58,116,000 33,769,000 26,705,000 32,204,000 27,981,000 35,168,000 20,732,000 22,988,000 22,356,000 23,844,000 12,753,000 14,441,000 23,187,000 
      short-term investments
    		319,171,000 346,597,000 358,204,000 418,801,000 256,588,000 319,701,000 319,963,000 275,304,000 269,006,000 301,526,000 374,876,000 401,446,000 266,461,000 246,552,000 209,157,000 217,971,000 158,281,000 185,091,000 206,949,000 177,822,000 113,803,000 133,142,000 54,376,000 35,166,000 41,657,000 53,854,000 34,626,000 47,142,000 62,894,000 66,181,000 85,242,000 94,806,000 99,862,000 106,967,000 70,429,000 81,486,000 102,814,000 111,016,000 110,483,000 
      accounts receivable
    		25,403,000 19,454,000 15,722,000 7,602,000                                    
      inventory
    		25,000,000 17,696,000 4,664,000 366,000                                    
      short-term deposits
    		18,195,000 13,473,000 4,116,000 10,029,000 16,788,000 7,170,000 8,583,000 6,885,000 10,265,000 7,223,000 5,812,000 8,595,000 12,870,000 9,887,000 12,979,000                         
      other receivable
    		 3,629,000 3,590,000  3,507,000 9,582,000 6,073,000                                 
      collaboration receivable
    		15,736,000 12,316,000       3,407,000  1,393,000 3,474,000 4,539,000 13,102,000                          
      prepaid expenses and other current assets
    		9,517,000 9,875,000 8,462,000 8,541,000 4,907,000 4,207,000 4,665,000 3,293,000 3,746,000 3,056,000 1,913,000 1,915,000 2,269,000 2,392,000 9,032,000 8,345,000 8,423,000 9,308,000 7,612,000 5,684,000 7,158,000 4,939,000 5,086,000 2,556,000 2,511,000 5,154,000 4,790,000 2,334,000 6,146,000 6,210,000 5,983,000 3,362,000 3,277,000 4,111,000 4,170,000 3,029,000 1,546,000 1,868,000 2,045,000 
      total current assets
    		529,830,000 531,676,000 548,751,000 603,057,000 414,809,000 446,056,000 453,899,000 580,876,000 380,974,000 409,080,000 441,511,000 489,786,000 357,631,000 392,287,000 420,056,000 448,396,000 238,252,000 262,555,000 278,947,000 298,864,000 177,432,000 191,807,000 104,206,000 62,331,000 74,850,000 85,775,000 97,633,000 83,346,000 95,846,000 104,696,000 119,306,000 133,442,000 123,971,000 134,167,000 97,057,000 108,510,000 117,267,000 127,379,000 135,767,000 
      long-term investments
    		20,146,000 62,627,000 89,938,000 119,520,000 10,029,000 29,516,000 87,416,000 29,829,000 15,705,000 19,483,000 16,561,000 5,469,000  12,125,000                  3,246,000        
      property and equipment
    		128,000     2,000 5,000 8,000 10,000 13,000 17,000 20,000 23,000 256,000 266,000 278,000 158,000 166,000 176,000 192,000 214,000 237,000 259,000 281,000 304,000 327,000 350,000 373,000 396,000 415,000 422,000 267,000 286,000 260,000 234,000 260,000 283,000 304,000 275,000 
      right-of-use asset
    		1,471,000 1,629,000 1,801,000 2,022,000 756,000 1,000,000 1,243,000 1,487,000 1,731,000 1,968,000 929,000 1,039,000 1,152,000 774,000 873,000 983,000 1,093,000 338,000 434,000 290,000 396,000 502,000 608,000 716,000 826,000 1,087,000 1,208,000             
      restricted cash
    		217,000 217,000 217,000 217,000 217,000 217,000 217,000 217,000 217,000 217,000 115,000  115,000 115,000 115,000 115,000 115,000 115,000  115,000 115,000 115,000 115,000  101,000 101,000 101,000 101,000 101,000 101,000 100,000 106,000 100,000 101,000 102,000 151,000 154,000 54,000 52,000 
      total assets
    		551,792,000 596,149,000 640,707,000 724,816,000 425,811,000 476,947,000 543,028,000 612,880,000 399,224,000 431,340,000 459,826,000 497,236,000 359,687,000 406,437,000 422,222,000 449,657,000 239,503,000 263,059,000 279,672,000 300,613,000 179,309,000 192,628,000 105,155,000 63,525,000 76,381,000 87,390,000 99,392,000 83,938,000 96,467,000 105,370,000 119,957,000 137,186,000 124,493,000 134,666,000 97,667,000 109,013,000 117,729,000 127,856,000 136,259,000 
      liabilities and stockholders’ equity
    		                                       
      current liabilities:
    		                                       
      accounts payable
    		13,826,000 17,353,000 10,047,000 11,626,000 4,898,000 11,568,000 8,809,000 9,961,000 6,049,000 10,978,000 8,057,000 4,350,000 7,115,000 6,438,000 8,231,000 5,669,000 5,122,000 3,624,000 6,529,000 3,508,000 3,836,000 1,832,000 8,998,000 6,178,000 6,757,000 2,276,000 4,350,000 1,439,000 3,180,000 5,297,000 2,590,000 2,232,000 2,246,000 3,362,000 2,741,000 2,375,000 2,010,000 1,588,000 2,225,000 
      collaboration payable
    		  12,187,000 19,231,000 5,506,000 3,102,000 7,547,000 7,232,000  493,000                              
      accrued expenses and other current liabilities
    		77,105,000 71,066,000 55,981,000 59,789,000 48,121,000 26,809,000 33,395,000 39,856,000 32,119,000 17,729,000 15,205,000 24,276,000 13,213,000 16,974,000 18,421,000 14,466,000 13,732,000 11,724,000 11,414,000 11,246,000 9,431,000 8,691,000 7,795,000 10,195,000 9,542,000 13,168,000 9,266,000 13,149,000 12,319,000 12,484,000 12,800,000 11,993,000 10,741,000 6,923,000 7,028,000 6,771,000 5,917,000 3,745,000 3,590,000 
      current portion of royalty interest financing liability
    		22,925,000 19,435,000 14,149,000                                     
      current portion of right-of-use liability
    		329,000 344,000 377,000 471,000 842,000 981,000 1,042,000 1,035,000 995,000 957,000 454,000 434,000 471,000 299,000 331,000 361,000 369,000 397,000 476,000 316,000 373,000 427,000 480,000 478,000 478,000 530,000 525,000             
      current portion of capital lease
    		2,000 6,000 7,000 9,000 10,000 12,000 12,000 12,000 11,000 11,000 5,000 5,000 4,000 2,000                          
      total current liabilities
    		114,187,000 112,987,000 94,551,000 103,549,000 59,377,000 42,472,000 50,805,000 58,096,000 39,174,000 30,168,000 23,721,000 29,065,000 20,803,000 30,925,000 30,551,000 20,683,000 28,712,000 24,292,000 24,568,000 18,872,000 15,157,000 12,467,000 18,790,000 18,368,000 18,294,000 17,491,000 15,658,000 16,105,000 17,016,000 19,298,000 16,907,000 15,798,000 14,207,000 11,505,000 10,989,000 10,366,000 9,147,000 6,553,000 7,035,000 
      long-term liabilities:
    		                                       
      royalty interest financing liability, less current portion
    		320,985,000 324,413,000 329,644,000                                     
      right-of-use liability, less current portion
    		1,190,000 1,325,000 1,453,000 1,578,000  133,000 327,000 578,000 851,000 1,115,000 588,000 709,000 768,000 570,000 643,000 711,000 798,000 22,000 60,000 101,000 172,000 240,000 306,000 419,000 525,000 725,000 830,000             
      total long-term liabilities
    		322,175,000 325,738,000 331,097,000 333,143,000 2,000 137,000 334,000 588,000 864,000 1,131,000 600,000 722,000 782,000 13,572,000 17,122,000 20,606,000 11,787,000 24,204,000 26,899,000 29,553,000 32,175,000 32,514,000 32,856,000 13,557,000 14,044,000 14,624,000 15,108,000 14,786,000 15,177,000 15,720,000 16,100,000 17,069,000 13,572,000 13,824,000 14,063,000 14,508,000 14,748,000 15,062,000 15,378,000 
      total liabilities
    		436,362,000 438,725,000 425,648,000 436,692,000 59,379,000 42,609,000 51,139,000 58,684,000 40,038,000 31,299,000 24,321,000 29,787,000 21,585,000 44,497,000 47,673,000 41,289,000 40,499,000 48,496,000 51,467,000 48,425,000 47,332,000 44,981,000 51,646,000 31,925,000 32,338,000 32,115,000 30,766,000 30,891,000 32,193,000 35,018,000 33,007,000 32,867,000 27,779,000 25,329,000 25,052,000 24,874,000 23,895,000 21,615,000 22,413,000 
      commitments and contingencies
    		                                       
      stockholders’ equity:
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at september 30, 2025 and december 31, 2024
    		                                       
      common stock
    		9,000 9,000 9,000 9,000 9,000 9,000 8,000 8,000 7,000 7,000 7,000 7,000 6,000 6,000 6,000 6,000 5,000 5,000 5,000 5,000 4,000 4,000 3,000 3,000 3,000 3,000 3,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 
      additional paid-in capital
    		1,553,462,000 1,534,981,000 1,520,527,000 1,509,110,000 1,493,041,000 1,478,009,000 1,467,437,000 1,456,370,000 1,189,561,000 1,179,389,000 1,170,000,000 1,161,288,000 993,547,000 981,712,000 956,054,000 952,019,000 838,888,000 833,802,000 824,542,000 820,815,000 680,125,000 675,294,000 564,164,000 527,067,000 525,485,000 523,855,000 522,340,000 492,493,000 484,893,000 473,686,000 472,026,000 470,571,000 443,692,000 441,218,000 390,894,000 389,374,000 388,210,000 385,556,000 384,767,000 
      accumulated other comprehensive gain
    		525,000 285,000 527,000  371,000 -817,000 -756,000                                 
      accumulated deficit
    		-1,438,566,000 -1,377,851,000 -1,306,004,000 -1,221,158,000 -1,126,989,000 -1,042,863,000 -974,800,000 -902,400,000 -829,927,000 -778,781,000 -734,166,000 -693,040,000 -653,846,000 -618,443,000 -580,871,000 -543,702,000 -639,900,000 -619,261,000 -596,351,000 -568,628,000 -548,205,000 -527,768,000 -510,706,000 -495,470,000 -481,470,000 -468,641,000 -453,725,000 -439,423,000 -420,586,000 -403,247,000 -384,860,000 -366,111,000 -347,008,000 -331,919,000 -318,279,000 -305,293,000 -294,478,000 -279,509,000 -271,151,000 
      total stockholders’ equity
    		115,430,000 157,424,000 215,059,000  366,432,000 434,338,000 491,889,000  359,186,000 400,041,000 435,505,000  338,102,000 361,940,000 374,549,000  199,004,000 214,563,000 228,205,000  131,977,000 147,647,000 53,509,000  44,043,000 55,275,000 68,626,000  64,274,000 70,352,000 86,950,000  96,714,000 109,337,000 72,615,000 84,139,000 93,834,000 106,241,000 113,846,000 
      total liabilities and stockholders’ equity
    		551,792,000 596,149,000 640,707,000  425,811,000 476,947,000 543,028,000  399,224,000 431,340,000 459,826,000  359,687,000 406,437,000 422,222,000  239,503,000 263,059,000 279,672,000  179,309,000 192,628,000 105,155,000  76,381,000 87,390,000 99,392,000  96,467,000 105,370,000 119,957,000  124,493,000 134,666,000 97,667,000     
      royalty payable
    		 4,783,000 1,803,000 307,000                                    
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at june 30, 2025 and december 31, 2024
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at march 31, 2025 and december 31, 2024
    		                                       
      other receivables
    		   3,635,000                                    
      other assets
    		     156,000 248,000 463,000 587,000 579,000 693,000 807,000 881,000 995,000 1,027,000    115,000 1,267,000 1,267,000 82,000 82,000 197,000 401,000 201,000 201,000 219,000 225,000 259,000 229,000 231,000 236,000 239,000 376,000 243,000 179,000 173,000 217,000 
      liabilities and stockholders' equity
    		                                       
      current portion of term loan payable
    		   12,116,000                                    
      term loan payable, less current portion
    		   331,565,000                                    
      capital lease, less current portion
    		    2,000 4,000 7,000 10,000 13,000 16,000 12,000 13,000 14,000 8,000                          
      stockholders' equity:
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at december 31, 2024 and december 31, 2023
    		                                       
      accumulated other comprehensive income
    		   163,000    218,000    -806,000 -1,605,000    11,000 17,000 9,000  53,000 117,000 48,000  25,000 58,000 8,000     -143,000 28,000 36,000 -2,000 56,000 100,000 192,000 228,000 
      total stockholders' equity
    		   288,124,000    554,196,000    467,449,000    408,368,000    252,188,000    31,600,000    53,047,000    104,319,000        
      total liabilities and stockholders' equity
    		   724,816,000    612,880,000    497,236,000    449,657,000    300,613,000    63,525,000    83,938,000            
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at september 30, 2024 and december 31, 2023
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at june 30, 2024 and december 31, 2023
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at march 31, 2024 and december 31, 2023
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at december 31, 2023 and december 31, 2022
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at september 30, 2023 and december 31, 2022
    		                                       
      accumulated other comprehensive loss
    		        -455,000 -574,000      45,000    -4,000        -25,000 -35,000 -89,000 -218,000         
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at june 30, 2023 and december 31, 2022
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at march 31, 2023 and december 31, 2022
    		                                       
      accumulated other comprehensive
    		          -336,000                             
      derivative liability
    		               187,000                        
      term loan, less current portion
    		             12,994,000 16,479,000 19,895,000 10,989,000 13,323,000  17,834,000                    
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at december 31, 2022 and december 31, 2021
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at september 30, 2022 and december 31, 2021
    		                                       
      current portion of term loan
    		             7,212,000 3,568,000  9,489,000 7,030,000 4,632,000 2,285,000                    
      commitments
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at june 30, 2022 and december 31, 2021
    		                                       
      accumulated other comprehensive (income) loss
    		             -1,335,000 -640,000                         
      commitment and contingencies
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at march 31, 2022 and december 31, 2021
    		                                       
      current portion of deferred revenue
    		                 1,517,000 1,517,000 1,517,000 1,517,000 1,517,000 1,517,000 1,517,000 1,517,000 1,517,000 1,517,000 1,517,000 1,517,000 1,517,000 1,517,000 1,573,000 1,220,000 1,220,000 1,220,000 1,220,000 1,220,000 1,220,000 1,220,000 
      deferred revenue, less current portion
    		                 10,859,000 11,237,000 11,617,000 11,995,000 12,375,000 12,754,000 13,133,000 13,513,000 13,892,000 14,271,000 14,650,000 15,029,000 15,409,000 15,788,000 16,759,000 13,305,000 13,610,000 13,915,000 14,220,000 14,525,000 14,830,000 15,135,000 
      other long-term liabilities
    		                   1,000 2,000 3,000 4,000 5,000 6,000 7,000 7,000 136,000 148,000 311,000 312,000 310,000 267,000 214,000 148,000 288,000 223,000 232,000 243,000 
      commitments, contingencies and guarantees
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at december 31, 2021 and december 31, 2020, respectively
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at september 30, 2021 and december 31, 2020
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at june 30, 2021 and december 31, 2020
    		                                       
      loan payable
    		                  15,602,000  20,006,000 19,896,000 19,792,000                 
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at march 31, 2021 and december 31, 2020
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at december 31, 2020 and december 31, 2019, respectively
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at september 30, 2020 and december 31, 2019
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at june 30, 2020 and december 31, 2019
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at march 31, 2020 and december 31, 2019
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at december 31, 2019 and december 31, 2018, respectively
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at september 30, 2019 and december 31, 2018
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at june 30, 2019 and december 31, 2018
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at march 31, 2019 and december 31, 2018
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at december 31, 2018 and december 31, 2017, respectively
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at september 30, 2018 and december 31, 2017
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at june 30, 2018 and december 31, 2017
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at march 31, 2018 and december 31, 2017
    		                                       
      liabilities, convertible preferred stock and stockholders' equity
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at december 31, 2017 and december 31, 2016, respectively
    		                                       
      total liabilities, convertible preferred stock and stockholders' equity
    		                               137,186,000        
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at september 30, 2017 and december 31, 2016
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at june 30, 2017 and december 31, 2016
    		                                       
      preferred stock, 0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at march 31, 2017 and december 31, 2016
    		                                       
      liabilities, convertible preferred stock and stockholders’ equity
    		                                       
      common stock warrant liability
    		                                       
      convertible preferred stock
    		                                       
      stockholders’ equity
    		                                       
      series a convertible preferred stock, 0.001 par value, 0 and 3,512,194 shares authorized; 0 and 700,435 shares issued and outstanding at december 31, 2016 and december 31, 2015, respectively
    		                                       
      preferred stock, 0.001 par value, 10,000,000 and 0 shares authorized; 0 shares outstanding at december 31, 2016 and december 31, 2015, respectively
    		                                       
      total liabilities, convertible preferred stock and stockholders’ equity
    		                                   109,013,000 117,729,000 127,856,000 136,259,000 
      series a convertible preferred stock, 0.001 par value, 0 and 3,512,194 shares authorized; 0 and 700,435 shares issued and outstanding at september 30, 2016 and december 31, 2015, respectively
    		                                       
      preferred stock, 0.001 par value, 10,000,000 and 0 shares authorized and outstanding at september 30, 2016 and december 31, 2015, respectively
    		                                       
      series a convertible preferred stock, 0.001 par value, 0 and 3,512,194 shares authorized; 0 and 700,435 shares issued and outstanding at june 30, 2016 and december 31, 2015, respectively
    		                                       
      preferred stock, 0.001 par value, 10,000,000 and 0 shares authorized and outstanding at june 30, 2016 and december 31, 2015, respectively
    		                                       
      series a convertible preferred stock, 0.001 par value, 0 and 3,512,194 shares authorized; 0 and 700,435 shares issued and outstanding at march 31, 2016 and december 31, 2015, respectively
    		                                       
      preferred stock, 0.001 par value, 10,000,000 and 0 shares authorized and outstanding at march 31, 2016 and december 31, 2015, respectively
    		                                       
    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.