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 
      
    		                             
      cash flows from operating activities:
    		                             
      net income
    		-102,220,000 -110,031,000 -74,723,000 -66,454,000 -64,479,000 -58,508,000 -56,853,000 -46,126,000 -42,359,000 -37,925,000 -39,379,000 -39,255,000 -43,297,000 -44,000,000 -7,950,000 -35,914,000 -37,507,000 -30,707,000 -27,671,000 -26,571,000 -23,561,000 -19,281,000 -17,070,000 -11,573,000 -16,147,000 -12,525,000 -10,755,000 -14,966,000 -10,761,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                             
      depreciation and amortization
    		423,000 417,000 393,000 395,000 446,000 498,000 598,000 672,000 708,000 731,000 733,000 749,000 744,000 744,000 749,000 727,000 673,000 637,000 590,000 319,000 388,000 393,000 391,000 386,000 331,000 315,000 271,000   
      amortization of debt discount and debt issuance costs
    		-137,000 14,000 448,000 47,000 71,000 58,000 77,000 59,000 58,000 72,000 85,000 147,000 184,000 191,000 198,000 87,000 81,000 84,000 83,000           
      equity-based compensation
    		18,331,000 24,433,000 13,413,000 9,502,000 9,650,000 9,312,000 8,164,000 6,951,000 7,203,000 6,818,000 6,170,000 6,165,000 7,917,000 6,791,000 6,828,000 6,096,000 6,154,000 6,226,000 4,673,000 2,530,000 4,036,000 2,395,000 2,214,000 1,852,000 2,688,000 1,814,000 1,618,000 2,154,000 1,486,000 
      amortization/accretion of investment securities
    		-495,000 -1,391,000 -1,905,000 -1,346,000 -709,000 -1,317,000 -1,919,000 -1,803,000 -1,854,000 -1,200,000 -1,363,000 -1,648,000 -785,000 152,000 139,000 110,000 291,000 269,000 248,000 26,000 8,000 -19,000 -177,000 -367,000      
      non-cash operating lease expense
    		1,344,000 1,292,000 1,241,000 1,190,000 1,141,000 1,281,000 1,612,000 1,580,000 1,888,000 1,846,000 1,812,000 1,777,000 1,740,000 1,707,000 1,675,000 1,642,000 1,648,000 1,570,000 1,537,000 1,589,000 268,000 264,000 259,000 255,000      
      change in operating assets and liabilities:
    		                             
      prepaid expenses and other current assets
    		4,088,000 -3,084,000 -6,969,000 -36,000 -5,208,000 -142,000 -384,000 1,713,000 1,246,000 798,000 773,000 1,311,000 4,493,000 -76,000 -6,050,000 -654,000 -3,521,000 -4,974,000 619,000 836,000 -2,905,000 -486,000 -806,000 262,000 90,000 -885,000 -206,000 -168,000 -355,000 
      other assets
    		-353,000 -107,000 88,000 864,000 -12,000 305,000 315,000 -3,085,000 270,000 51,000 66,000 13,000 -48,000 -16,000 -46,000 -517,000   25,000 29,000 11,000 -231,000 -732,000 -13,000      
      accounts payable
    		5,660,000 -3,333,000 -5,658,000 6,024,000 756,000 460,000 -610,000 1,497,000 -1,076,000 -676,000 -274,000 1,994,000 -851,000 186,000 -1,580,000 2,210,000 585,000 -551,000 -1,228,000 2,125,000 -1,567,000 454,000 1,089,000 -678,000 364,000 -930,000 -98,000 1,370,000 -170,000 
      accrued expenses
    		5,801,000 16,442,000 -3,446,000 1,826,000 7,365,000 493,000 963,000 2,997,000 3,592,000 -925,000 -9,591,000 1,567,000 5,305,000 1,596,000 -1,579,000 -457,000 2,893,000 721,000 506,000 3,225,000 3,241,000 857,000 -2,234,000 1,469,000 2,755,000 1,245,000 -3,016,000 3,818,000 352,000 
      operating lease liabilities
    		-1,308,000 -1,629,000 -1,578,000 -1,527,000 -1,464,000 -1,511,000 -1,769,000 -1,735,000 -1,973,000 -2,160,000 -1,984,000 -1,947,000 -1,889,000 -1,801,000 -1,770,000 -1,737,000 -1,726,000 -472,000 -1,465,000 -443,000 -277,000 -273,000 -268,000 -263,000 -247,000 -248,000 -130,000   
      net cash from operating activities
    		-68,923,000 -76,941,000 -78,675,000 -49,513,000 -52,455,000 -49,196,000 -49,785,000 -37,349,000 -32,273,000 -32,550,000 -43,054,000 -28,907,000 -26,483,000 -34,739,000 -42,565,000 -32,455,000 -35,977,000 -31,813,000 -26,544,000 -19,685,000 -23,395,000 -19,827,000 2,636,000 -16,067,000 -15,112,000 -16,406,000 -15,530,000 55,094,000 -9,013,000 
      capex
    		-84,000 -215,000 -271,000 -22,000 -31,000 -22,000 -23,000 0 0 -41,000 -30,000 -117,000 -27,000 -477,000 -443,000 -542,000 -1,411,000 -983,000 -2,312,000 -1,974,000 -1,831,000 0 -209,000 -1,470,000 -366,000 -598,000 -681,000 -701,000 -599,000 
      free cash flows
    		-69,007,000 -77,156,000 -78,946,000 -49,535,000 -52,486,000 -49,218,000 -49,808,000 -37,349,000 -32,273,000 -32,591,000 -43,084,000 -29,024,000 -26,510,000 -35,216,000 -43,008,000 -32,997,000 -37,388,000 -32,796,000 -28,856,000 -21,659,000 -25,226,000 -19,827,000 2,427,000 -17,537,000 -15,478,000 -17,004,000 -16,211,000 54,393,000 -9,612,000 
      cash flows from investing activities:
    		                             
      purchases of property and equipment
    		-84,000 -215,000 -271,000 -22,000 -31,000 -22,000 -23,000 0 0 -41,000 -30,000 -117,000 -27,000 -477,000 -443,000 -542,000 -1,411,000 -983,000 -2,312,000 -1,974,000 -1,831,000         
      purchases of marketable securities
    		-18,717,000 -21,219,000 -58,073,000 -210,448,000 -14,261,000 -33,456,000 -34,993,000 -104,128,000 -81,473,000   -9,806,000 -210,694,000 -1,000 -80,133,000 0 -30,306,000 0 -30,131,000 -120,667,000 -60,043,000         
      sales and maturities of marketable securities
    		78,500,000 106,900,000 92,898,000                 0    63,488,000 45,500,000 21,700,000 45,600,000 15,001,000 1,000 
      net cash from investing activities
    		59,699,000 85,466,000 34,554,000 -195,370,000 35,308,000 50,622,000 33,384,000 -25,128,000 -8,473,000 -15,241,000 89,983,000 77,000 -145,721,000 44,522,000 -70,576,000 29,458,000 3,283,000 79,017,000 22,557,000 -122,641,000 -35,874,000 38,926,000 56,091,000 21,209,000 -72,169,000 21,102,000 -32,378,000 -60,939,000 -598,000 
      cash flows from financing activities:
    		                             
      proceeds from stock option exercises
    		2,819,000 3,106,000 5,020,000 18,437,000 211,000 47,000 419,000 580,000 280,000 292,000 247,000 5,000 4,000 2,000 481,000 1,623,000 1,915,000 611,000 2,743,000 5,917,000 374,000 598,000 405,000 821,000 0 79,000 13,000 3,000  
      proceeds from pre-funded and common warrant exercises
    		0   3,519,000 0 0 6,106,000                       
      proceeds from the sale of common shares
    		                             
      proceeds from debt facility
    		                             
      debt modification payment
    		   0 -45,000                         
      proceeds from debt refinancing
    		0 1,000 24,667,000                           
      payment of long-term debt
    		0                             
      other
    		0 0 2,000     0 0 1,000 2,000     -1,000 -9,000 -4,000 -6,000 -4,000 -6,000   -3,000     13,000 
      net cash from financing activities
    		144,469,000 6,474,000 4,169,000 346,370,000 166,000 -33,000 6,525,000 96,529,000 280,000 4,689,000 1,076,000 -970,000 -451,000 195,772,000 481,000 39,701,000 1,906,000 607,000 2,737,000 246,457,000 368,000 595,000 399,000 818,000 6,124,000 42,098,000 -157,000 16,928,000 -1,464,000 
      net increase in cash, cash equivalents and restricted cash
    		         -43,102,000 48,005,000 -29,800,000 -172,655,000   36,704,000 -30,788,000 47,811,000 -1,250,000           
      cash, cash equivalents and restricted cash, beginning of period
    		0 0 180,285,000 0 0 0 104,262,000 0 0 0 105,773,000 0 0 0 215,333,000 0 0 0 162,856,000           
      cash, cash equivalents and restricted cash, end of period
    		135,245,000 14,999,000 140,333,000 101,487,000 -16,981,000 1,393,000 94,386,000 34,052,000 -40,466,000 -43,102,000 153,778,000 -29,800,000 -172,655,000 205,555,000 102,673,000 36,704,000 -30,788,000 47,811,000 161,606,000           
      supplemental disclosure for non-cash items:
    		                             
      operating lease liability adjustment from rent modification
    		   0 0                         
      property and equipment purchases in accounts payable & accrued expenses
    		      13,000                       
      stock options exercised receivable
    		                             
      supplemental cash flow information:
    		                             
      cash paid for interest
    		1,283,000 1,255,000 1,500,000 1,614,000 1,673,000 1,674,000 1,656,000 1,656,000 1,653,000 1,599,000 1,491,000 1,340,000 1,196,000 1,024,000 812,000 588,000 502,000 501,000 491,000      1,000 2,000 4,000 7,000 8,000 
      other liabilities
    		 36,000 21,000 2,000 -12,000 -125,000 21,000 -80,000 24,000 20,000 -102,000 219,000 4,000 -245,000 14,000 1,000 0 4,000 223,000     0 0 -72,000 13,000   
      net decrease in cash, cash equivalents and restricted cash
    		 14,999,000 -39,952,000     34,052,000       -112,660,000               
      extinguishment of long-term debt
    		  -25,520,000                           
      loss on disposal of property and equipment
    		           1,000 0   0 0 0 24,000           
      proceeds from sale of property and equipment
    		       0 0 0 13,000             0      
      maturities of marketable securities
    		   15,100,000 49,600,000 84,100,000 68,400,000 79,000,000 73,000,000 90,000,000 90,000,000 10,000,000 65,000,000 45,000,000 10,000,000 30,000,000 35,000,000 80,000,000 55,000,000   39,000,000 75,700,000       
      proceeds from sale of common shares and pre-funded warrants to purchase common shares, net of issuance costs
    		                             
      offering costs in accrued expenses
    		                             
      proceeds from sale of common shares, net of issuance costs
    		          827,000                   
      net (decrease)/increase in cash, cash equivalents and restricted cash
    		     1,393,000 -9,876,000                       
      deferred revenue
    		           0 0 0 -33,193,000 -4,049,000 -5,464,000 -4,595,000 -4,708,000 -3,436,000 -3,037,000 -3,900,000 -5,030,000 17,427,000 -4,774,000 -5,039,000 -3,106,000   
      proceeds from sale of common shares, pre-funded warrants and warrants to purchase common shares, net of issuance costs
    		       92,486,000 0   0 -455,000                 
      supplemental disclosure of non-cash items:
    		                             
      property and equipment purchases in accounts payable and accrued expenses
    		              413,000 202,000 -625,000 162,000 473,000 944,000 417,000 -3,000 10,000       
      proceeds from debt
    		                             
      accounts receivable
    		                   0 0 0 25,000,000       
      proceeds from sale of common shares and pre-funded warrants, net of issuance costs
    		                             
      operating lease right-of-use asset obtained in exchange for operating lease obligation
    		                   0    0 95,000 0 5,349,000   
      gain or loss on sale of property and equipment
    		                             
      deferred payroll tax credit
    		                           73,000 9,000 
      principal payments on debt
    		                             
      net increase in cash and cash equivalents and restricted cash
    		                   104,131,000 -58,901,000 19,694,000 59,126,000 5,960,000 -81,157,000   11,083,000 -11,075,000 
      cash and cash equivalents and restricted cash, beginning of period
    		                   0 0 0 38,806,000 0 0 0 115,274,000 0 0 
      cash and cash equivalents and restricted cash, end of period
    		                   104,131,000 -58,901,000 19,694,000 97,932,000 5,960,000 -81,157,000 46,794,000 67,209,000 11,083,000 -11,075,000 
      principal payments on loan payable
    		                       0 0 -198,000 -167,000  -167,000 
      proceeds from sale of common stock, net of issuance costs
    		                       0 6,128,000     
      offering costs in accounts payable and accrued expenses
    		                             
      purchase of property and equipment
    		                      -209,000 -1,470,000 -366,000 -598,000 -681,000 -701,000 -599,000 
      purchase of marketable securities
    		                      -19,400,000 -40,809,000 -117,311,000 0 -77,297,000   
      deferred rent
    		                             
      amortization of investment securities
    		                         -329,000 -365,000   
      amortization of operating lease right-of-use asset
    		                         248,000 244,000   
      property and equipment purchases in accounts payable
    		                         -456,000 483,000   
      net decrease in cash and cash equivalents and restricted cash
    		                          -48,065,000   
      deferred offering costs in accounts payable and accrued expenses
    		                             
      change in fair value of warrant liability
    		                             
      principal payments on loan and capital lease payable
    		                             
      proceeds from initial public offering of common stock, net of issuance costs
    		                           0 -1,298,000 
      proceeds from sale of common stock
    		                             
      proceeds from issuance of series b convertible preferred units
    		                             
      proceeds from issuance of series c convertible preferred shares, net of issuance costs
    		                             
      purchase under capital lease
    		                           0  
      depreciation
    		                            208,000 
      amortization of deferred rent
    		                            205,000 
      payment of capital lease obligation
    		                             
      proceeds from issuance of series b convertible preferred units, net of issuance costs
    		                             
      property and equipment purchases in accounts payable and accrued liabilities
    		                             
      offering costs in accounts payable and accrued liabilities
    		                             
    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.