7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 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
    		438,016,000 401,415,000 399,757,000 336,040,000 404,599,000 271,772,000 257,366,000 270,727,000 291,415,000 227,827,000 231,701,000 111,510,000 132,764,000 148,380,000 166,547 146,035,000 169,598,000 187,986,000 
      accounts receivable
    		82,858,000 62,159,000 31,496,000 6,904,000            25,002,000   
      prepaid expenses
    		11,432,000 11,317,000 7,573,000 7,964,000 5,433,000 3,617,000 3,332,000 894,000 1,561,000 2,499,000 3,355,000 4,731,000 1,246,000 4,037,000 6,672 9,817,000 7,247,000 4,538,000 
      tax incentive receivable
    		4,061,000 5,935,000 5,762,000 5,587,000 3,684,000  9,510,000 10,150,000 11,842,000          
      inventory
    		8,612,000 7,244,000 6,249,000 4,315,000               
      other current assets
    		3,872,000 12,955,000 2,735,000 3,443,000 2,576,000 3,365,000 6,319,000 6,060,000 2,073,000 3,388,000 3,077,000 2,206,000 2,525,000 2,063,000 667 2,320,000 1,484,000 1,720,000 
      total current assets
    		548,851,000 501,025,000 453,572,000 364,253,000 416,292,000 289,708,000 276,527,000 287,831,000 306,891,000 242,996,000 258,454,000 138,632,000 152,955,000 170,063,000 184,492 216,283,000 188,601,000  
      non-current assets:
    		                  
      furniture and equipment
    		991,000 1,048,000 1,105,000 40,000 44,000 24,000 10,000 11,000 12,000 73,000 81,000 91,000 71,000 80,000 88 89,000 98,000 107,000 
      inventory, long-term
    		5,910,000 6,508,000 1,972,000                
      goodwill
    		545,000 545,000 545,000 545,000 545,000 545,000 545,000 545,000 545,000 545,000 544,000 545,000 545,000 545,000 545 545,000 545,000 545,000 
      equity interest
    		15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000    
      right-of-use assets
    		1,574,000 1,810,000 2,048,000 1,980,000 2,242,000 2,847,000 388,000 542,000 698,000 854,000 793,000 588,000 744,000 899,000 1,435 1,585,000 906,000 1,050,000 
      total non-current assets
    		24,020,000 24,911,000 20,670,000 17,565,000 17,831,000  15,943,000 16,098,000 16,255,000  16,418,000 16,224,000 16,360,000  17,068 2,219,000 1,549,000  
      total assets
    		572,871,000 525,936,000 474,242,000 381,818,000 434,123,000 308,124,000 292,470,000 303,929,000 323,146,000 259,468,000 274,872,000 154,856,000 169,315,000 186,587,000 201,560 218,502,000 190,150,000 204,206,000 
      liabilities and shareholders’ equity
    		                  
      current liabilities:
    		                  
      accounts payable
    		3,434,000 9,077,000 11,266,000 6,831,000 4,152,000 3,492,000 823,000 2,493,000 7,237,000 2,910,000 8,002,000 9,364,000 8,064,000 10,044,000 9 34,000 541,000 178,000 
      accrued expenses
    		43,328,000 32,335,000 16,757,000 18,143,000 19,630,000 3,585,000 7,397,000 7,467,000 17,703,000 13,752,000 22,978,000 28,603,000 28,877,000 22,256,000 26,457 17,188,000 8,514,000 10,863,000 
      royalties payable
    		3,088,000 4,487,000 1,100,000 169,000               
      revenue interest purchase security agreement
    		   102,019,000 96,338,000              
      current operating lease liabilities
    		1,014,000 1,078,000 1,120,000 952,000 1,031,000 1,180,000 376,000 545,000 650,000 675,000         
      taxes payable
    		 8,889,000 8,889,000 1,011,000 1,011,000    424,000 283,000 285,000 311,000 235,000 147,000 397    
      other current liabilities
    		374,000 678,000 2,862,000 844,000 1,200,000 435,000 416,000 444,000 509,000 1,409,000 294,000 121,000 144,000 327,000 185 300,000 133,000 118,000 
      total current liabilities
    		51,238,000 56,544,000 42,681,000 27,950,000 48,346,000 8,692,000 9,012,000 10,949,000 26,523,000 19,029,000 32,128,000 38,863,000 37,903,000 33,422,000 27,740 58,364,000 12,698,000 14,203,000 
      non-current liabilities:
    		                  
      term loan
    		242,434,000 241,742,000 120,341,000 120,009,000 119,687,000 48,374,000 19,905,000 19,857,000 19,809,000 9,768,000 5,035,000 4,981,000 4,928,000 4,874,000 4,821 4,767,000 4,685,000 4,635,000 
      non-current operating lease liabilities
    		926,000 1,055,000 1,241,000 1,349,000 1,478,000 1,775,000 20,000 30,000 65,000 205,000         
      total non-current liabilities
    		243,360,000 242,797,000 227,002,000 223,377,000 217,503,000 50,149,000 19,925,000 19,887,000 19,874,000 9,973,000 5,259,000 5,113,000 5,105,000 5,160,000 5,618 5,741,000 5,038,000 5,149,000 
      total liabilities
    		294,598,000 299,341,000 269,683,000 251,327,000 265,849,000 58,841,000 28,937,000 30,836,000 46,397,000 29,002,000 37,387,000 43,976,000 43,008,000 38,582,000 33,358 64,105,000 17,736,000 19,352,000 
      commitments and contingencies
    		                  
      shareholders' equity:
    		                  
      ordinary £0.05 par value shares; 703,189,462 and 703,189,462 issued, and 687,930,486 and 677,008,254 outstanding, at june 30, 2025 and december 31, 2024, respectively
    		45,021,000                  
      additional paid-in capital
    		805,918,000 766,369,000 728,199,000 621,628,000 616,618,000 601,063,000 601,180,000 596,059,000 590,915,000 529,187,000 525,858,000 390,543,000 388,204,000 385,070,000 382,005 379,282,000 375,261,000 366,411,000 
      ordinary shares held in treasury
    		-964,000 -1,402,000 -1,659,000 -828,000 -1,203,000 -1,517,000 -746,000 -975,000 -1,208,000 -1,549,000 -449,000 -591,000 -739,000 -603,000 -770 -843,000 -1,670,000 -1,700,000 
      accumulated other comprehensive loss
    		-4,601,000 -4,601,000 -4,601,000 -4,601,000 -4,601,000 -4,601,000 -4,601,000 -4,601,000 -4,601,000 -4,601,000 -4,601,000 -4,601,000 -4,601,000 -4,601,000 -4,601 -4,601,000 -4,601,000 -4,601,000 
      accumulated deficit
    		-567,101,000 -578,792,000 -562,401,000 -528,479,000 -485,311,000 -388,433,000 -374,053,000 -359,143,000 -350,110,000 -333,097,000 -322,442,000 -306,653,000 -288,739,000 -263,716,000 -240,287 -251,265,000 -228,370,000 -207,050,000 
      total shareholders' equity
    		278,273,000 226,595,000 204,559,000 130,491,000 168,274,000 249,283,000 263,533,000 273,093,000 276,749,000 230,466,000 237,485,000 110,880,000 126,307,000 148,005,000 168,202 154,397,000 172,414,000 184,854,000 
      total liabilities and shareholders' equity
    		572,871,000 525,936,000 474,242,000 381,818,000 434,123,000 308,124,000 292,470,000 303,929,000 323,146,000 259,468,000 274,872,000 154,856,000 169,315,000 186,587,000 201,560 218,502,000 190,150,000 204,206,000 
      ordinary £0.05 par value shares; 703,189,462 and 703,189,462 issued, and 681,056,022 and 677,008,254 outstanding, at march 31, 2025 and december 31, 2024, respectively
    		 45,021,000                 
      revenue interest purchase and sale agreement
    		  687,000                
      ordinary £0.05 par value shares: 703,189,462 and 667,659,630 issued, and 677,008,254 and 643,536,094 outstanding, at december 31, 2024 and 2023, respectively
    		  45,021,000                
      ordinary £0.05 par value shares; 667,659,630 and 667,659,630 issued, and 654,649,358 and 643,536,094 outstanding, at september 30, 2024 and december 31, 2023, respectively
    		   42,771,000               
      license agreement obligations
    		    21,322,000              
      ordinary £0.05 par value shares; 667,659,630 and 667,659,630 issued, and 648,654,174 and 643,536,094 outstanding, at june 30, 2024 and december 31, 2023, respectively
    		    42,771,000              
      tax incentive receivables
    		     10,954,000    9,282,000    15,583,000     
      total non-current assets:
    		     18,416,000    16,472,000    16,524,000    1,702,000 
      shareholders' equity
    		                  
      ordinary £0.05 par value shares: 667,659,630 and 631,338,246 issued, and 643,536,094 and 606,301,054 outstanding, at december 31, 2023 and 2022, respectively
    		     42,771,000             
      ordinary £0.05 par value shares; 651,659,630 and 631,338,246 issued, and 639,520,054 and 606,301,054 outstanding, at september 30, 2023 and december 31, 2022, respectively
    		      41,753,000            
      ordinary £0.05 par value shares; 651,659,630 and 631,338,246 issued, and 635,787,302 and 606,301,054 outstanding, at june 30, 2023 and december 31, 2022, respectively
    		       41,753,000           
      ordinary £0.05 par value shares; 651,659,630 and 631,338,246 issued, and 631,987,078 and 606,301,054 outstanding, at march 31, 2023 and december 31, 2022, respectively
    		        41,753,000          
      ordinary £0.05 par value shares: 631,338,246 and 489,177,550 issued, and 606,301,054 and 480,082,966 outstanding, at december 31, 2022 and 2021, respectively
    		         40,526,000         
      tax and tax incentive receivable
    		          20,321,000 20,185,000 16,420,000  10,606    
      operating lease liability
    		          569,000 464,000 583,000 648,000 690 749,000 757,000 798,000 
      ordinary £0.05 par value shares; 608,138,246 and 489,177,550 issued, and 602,215,606 and 480,082,966 outstanding, at september 30, 2022 and december 31, 2021, respectively
    		          39,119,000        
      ordinary £0.05 par value shares; 494,058,246 and 489,177,550 issued, and 485,298,326 and 480,082,966 outstanding, at june 30, 2022 and december 31, 2021, respectively
    		           32,182,000       
      ordinary £0.05 par value shares; 494,058,246 and 489,177,550 issued, and 482,944,390 and 480,082,966 outstanding, at march 31, 2022 and december 31, 2021, respectively
    		            32,182,000      
      warrants
    		              2 42,000 2,753,000 2,246,000 
      ordinary £0.05 par value shares: 489,177,550 and 488,304,446 issued, and 480,082,966 and 463,304,446 outstanding, at december 31, 2021 and 2020, respectively
    		             31,855,000     
      ordinary £0.05 par value shares; 489,177,550 and 488,304,446 issued, and 477,649,646 and 463,304,446 outstanding, at september 30, 2021 and december 31, 2020, respectively
    		              31,855    
      tax and tax incentive receivables
    		               14,108,000 10,272,000 8,260,000 
      contract asset
    		               4,001,000   
      equity interest receivable
    		               15,000,000   
      deferred revenue
    		               40,051,000   
      ordinary £0.05 par value shares; 488,739,150 and 488,304,446 issued, and 471,839,302 and 463,304,446 outstanding, at june 30, 2021 and december 31, 2020, respectively
    		               31,824,000   
      ordinary £0.05 par value shares; 488,304,446 and 488,304,446 issued, and 463,745,750 and 463,304,446 outstanding, at march 31, 2021 and december 31, 2020, respectively
    		                31,794,000  
      short-term investments
    		                  
      total current assets:
    		                 202,504,000 
      ordinary £0.05 par value shares; 488,304,446 and 105,326,638 issued, and 463,304,446 and 105,326,638 outstanding, at december 31, 2020 and 2019, respectively
    		                 31,794,000 
    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.