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Balance Sheets

In millions of USD; shares in millions, except per-share amounts
Q1 FY2026
As of Mar 31, 2026
Q4 FY2025
As of Dec 31, 2025
Q3 FY2025
As of Sep 30, 2025
Q2 FY2025
As of Jun 30, 2025
Q1 FY2025
As of Mar 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q3 FY2024
As of Sep 30, 2024
Q2 FY2024
As of Jun 30, 2024
Q1 FY2024
As of Mar 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q3 FY2023
As of Sep 30, 2023
Q2 FY2023
As of Jun 30, 2023
Q1 FY2023
As of Mar 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q3 FY2022
As of Sep 30, 2022
Q2 FY2022
As of Jun 30, 2022
Q1 FY2022
As of Mar 31, 2022
Q4 FY2021
As of Dec 31, 2021
Q3 FY2021
As of Sep 30, 2021
Q2 FY2021
As of Jun 30, 2021
Assets
Current assets:
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories, net
Prepaid clinical development costs
Prepaid inventory costs
Other prepaid and current assets
Total current assets
Property and equipment, net
Right of use operating lease assets
Intangible assets
Total assets
Liabilities and stockholders’ deficit
Current liabilities:
Accounts payable
Convertible notes, net of issuance costs
Accrued clinical development costs
Accrued variable consideration
Other accrued liabilities
Royalty sale liability
Revenue interest liability
Deferred revenue from collaborations
Operating lease liabilities
Total current liabilities
Convertible notes, net of issuance costs
Royalty sale liability
Revenue interest liability
Long-term debt
Operating lease liabilities
Other long-term liabilities
Total liabilities
Stockholders’ deficit:
Preferred stock, $0.001 par value; 5,000,000 shares authorized and no shares issued or outstanding as of March 31, 2026 and December 31, 2025
Common stock, $0.001 par value; 480,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 259,399,074 shares issued at March 31, 2026 and 247,210,341 shares issued at December 31, 2025
Additional paid-in capital
Treasury stock, at cost; 1,994,198 shares at June 30, 2023 and December 31, 2022
Treasury stock, at cost; 1,994,198 shares at March 31, 2026 and December 31, 2025
Accumulated other comprehensive loss
Accumulated deficit
Total stockholders’ deficit
Total liabilities and stockholders’ deficit
Common stock, authorized (in shares)

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