2021 Q2 Form 10-Q Financial Statement
#000156459021041611 Filed on August 05, 2021
Income Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
Revenue | $9.461M | $1.750M |
YoY Change | 440.63% | 0.0% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $16.83M | $11.43M |
YoY Change | 47.21% | 93.4% |
% of Gross Profit | ||
Research & Development | $68.77M | $35.69M |
YoY Change | 92.67% | 42.78% |
% of Gross Profit | ||
Depreciation & Amortization | $820.0K | $800.0K |
YoY Change | 2.5% | 0.0% |
% of Gross Profit | ||
Operating Expenses | $85.60M | $47.13M |
YoY Change | 81.64% | 52.46% |
Operating Profit | -$76.14M | -$45.38M |
YoY Change | 67.79% | 55.61% |
Interest Expense | $166.0K | $300.0K |
YoY Change | -44.67% | -71.96% |
% of Operating Profit | ||
Other Income/Expense, Net | $166.0K | $301.0K |
YoY Change | -44.85% | -71.87% |
Pretax Income | -$75.97M | -$45.07M |
YoY Change | 68.56% | 60.45% |
Income Tax | $0.00 | |
% Of Pretax Income | ||
Net Earnings | -$75.97M | -$45.07M |
YoY Change | 68.55% | 60.46% |
Net Earnings / Revenue | -802.98% | -2575.66% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$1.089M | -$928.1K |
COMMON SHARES | ||
Basic Shares Outstanding | 48.56M | |
Diluted Shares Outstanding | 48.56M |
Balance Sheet
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $721.0M | $462.5M |
YoY Change | 55.89% | 106.11% |
Cash & Equivalents | $320.5M | $285.2M |
Short-Term Investments | $400.5M | $177.3M |
Other Short-Term Assets | $21.97M | $8.700M |
YoY Change | 152.49% | 163.64% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $2.975M | $500.0K |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $746.0M | $471.6M |
YoY Change | 58.18% | 107.08% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $59.94M | $8.264M |
YoY Change | 625.35% | -20.25% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $84.10M | |
YoY Change | ||
Other Assets | $8.780M | $1.323M |
YoY Change | 563.64% | 314.73% |
Total Long-Term Assets | $152.8M | $9.790M |
YoY Change | 1460.97% | -12.91% |
TOTAL ASSETS | ||
Total Short-Term Assets | $746.0M | $471.6M |
Total Long-Term Assets | $152.8M | $9.790M |
Total Assets | $898.8M | $481.4M |
YoY Change | 86.7% | 101.44% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $16.96M | $12.05M |
YoY Change | 40.7% | 392.32% |
Accrued Expenses | $9.706M | $5.611M |
YoY Change | 72.98% | -63.92% |
Deferred Revenue | $7.000M | |
YoY Change | 0.0% | |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $130.4M | $40.03M |
YoY Change | 225.72% | 50.96% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $163.8M | $693.0K |
YoY Change | 23543.29% | -45.99% |
Total Long-Term Liabilities | $163.8M | $693.0K |
YoY Change | 23543.29% | -45.99% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $130.4M | $40.03M |
Total Long-Term Liabilities | $163.8M | $693.0K |
Total Liabilities | $294.2M | $52.68M |
YoY Change | 458.51% | 24.45% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$278.2M | |
YoY Change | 67.18% | |
Common Stock | $6.000K | |
YoY Change | 50.0% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $604.6M | $428.7M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $898.8M | $481.4M |
YoY Change | 86.7% | 101.44% |
Cashflow Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$75.97M | -$45.07M |
YoY Change | 68.55% | 60.46% |
Depreciation, Depletion And Amortization | $820.0K | $800.0K |
YoY Change | 2.5% | 0.0% |
Cash From Operating Activities | -$74.01M | -$23.90M |
YoY Change | 209.67% | 20.71% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$6.114M | -$300.0K |
YoY Change | 1938.0% | -50.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $9.043M | -$86.90M |
YoY Change | -110.41% | -419.49% |
Cash From Investing Activities | $3.029M | -$87.10M |
YoY Change | -103.48% | -426.22% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 2.251M | 328.9M |
YoY Change | -99.32% | 54716.67% |
NET CHANGE | ||
Cash From Operating Activities | -74.01M | -23.90M |
Cash From Investing Activities | 3.029M | -87.10M |
Cash From Financing Activities | 2.251M | 328.9M |
Net Change In Cash | -68.73M | 217.9M |
YoY Change | -131.54% | 2805.33% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$74.01M | -$23.90M |
Capital Expenditures | -$6.114M | -$300.0K |
Free Cash Flow | -$67.90M | -$23.60M |
YoY Change | 187.7% | 22.92% |
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rcus |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
-560000 | ||
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-2000 | ||
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
310000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-140311000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-55215000 | ||
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
370690000 | ||
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
139689000 | ||
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
438733000 | ||
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
92134000 | ||
rcus |
Proceeds From Sale Of Short Term And Long Term Investments
ProceedsFromSaleOfShortTermAndLongTermInvestments
|
7500000 | ||
rcus |
Proceeds From Sale Of Short Term And Long Term Investments
ProceedsFromSaleOfShortTermAndLongTermInvestments
|
1003000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9714000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
465000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
65829000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-47017000 | ||
rcus |
Proceeds From Issuance Of Common Stock From Related Party
ProceedsFromIssuanceOfCommonStockFromRelatedParty
|
220235000 | ||
rcus |
Proceeds From Issuance Of Common Stock From Related Party
ProceedsFromIssuanceOfCommonStockFromRelatedParty
|
56738000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
220235000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
326512000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
4122000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
3001000 | ||
rcus |
Repurchase Of Unvested Shares Of Stock
RepurchaseOfUnvestedSharesOfStock
|
6000 | ||
rcus |
Repurchase Of Unvested Shares Of Stock
RepurchaseOfUnvestedSharesOfStock
|
33000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
224351000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
329480000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
227248000 | ||
rcus |
Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
|
2000000 | ||
rcus |
Tenant Improvement Allowance Receivable Included In Other Current Assets
TenantImprovementAllowanceReceivableIncludedInOtherCurrentAssets
|
10598000 | ||
rcus |
Vesting Of Early Exercised Stock Options
VestingOfEarlyExercisedStockOptions
|
436000 | ||
rcus |
Unpaid Portion Of Financing Costs Included In Account Payable
UnpaidPortionOfFinancingCostsIncludedInAccountPayable
|
266000 | ||
rcus |
Unpaid Portion Of Deferred Financing Costs Included In Accounts Payable
UnpaidPortionOfDeferredFinancingCostsIncludedInAccountsPayable
|
316000 | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
5804000 | ||
rcus |
Vesting Of Early Exercised Stock Options
VestingOfEarlyExercisedStockOptions
|
358000 | ||
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">Note </span><span style="color:#000000;">1. </span>Organization </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Description of Business </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Arcus Biosciences, Inc. (the Company) is a clinical-stage biopharmaceutical company focused on creating best-in-class cancer therapies. The Company’s initial focus has been on well-characterized biological pathways with significant scientific data supporting their importance. Since its inception in 2015, the Company has built a robust and highly efficient drug discovery capability to create highly differentiated small molecules, which the Company is developing in combination with its in-licensed monoclonal antibodies through rationally designed, indication-specific clinical trial designs. The Company currently has five investigational products in clinical development: domvanalimab (formerly referred to as AB154), etrumadenant (formerly referred to as AB928), quemliclustat (formerly referred to as AB680), zimberelimab (formerly referred to as AB122), and AB308.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Liquidity and Capital Resources</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of June 30, 2021, the Company had cash and investments of $805.1 million, which are cash, cash equivalents, and investments in marketable securities, which the Company believes will be sufficient to fund its planned operations for a period of at least twelve months following the date of filing of this report.</p> | ||
rcus |
Number Of Investigational Product
NumberOfInvestigationalProduct
|
5 | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the Company’s condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, as well as related disclosures of contingent assets and liabilities. Estimates were used to determine the standalone selling price of performance obligations and the timing of revenue recognition, the value of stock-based awards and other issuances, accruals for research and development costs, useful lives of long-lived assets, and uncertain tax positions. Actual results could differ materially from the Company’s estimates. </p> | ||
CY2020 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
|
0 | |
CY2020 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
|
0 | |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
320482000 | |
CY2020Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
285185000 | |
CY2021Q2 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
3005000 | |
CY2020Q2 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
203000 | |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
323487000 | |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
285388000 | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentration of Credit Risk</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Cash equivalents, short-term and long-term investments are financial instruments that potentially subject the Company to concentrations of credit risk. The Company invests in money market funds, treasury bills and notes, government bonds, commercial paper and corporate notes. The Company limits its credit risk associated with cash equivalents, short-term and long-term investments by placing them with banks and institutions it believes are credit worthy and in highly rated investments. </p> | ||
CY2021Q2 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | |
CY2020Q4 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | |
CY2021Q2 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | |
CY2020Q4 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | |
CY2021Q2 | us-gaap |
Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
|
0 | |
CY2020Q4 | us-gaap |
Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
|
0 | |
CY2021Q2 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | |
CY2020Q4 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
0 | ||
CY2020 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
0 | |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
173415000 | |
CY2021Q2 | us-gaap |
Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
|
400530000 | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
0 | ||
CY2020 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
0 | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
|
0 | ||
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
|
0 | ||
CY2020Q4 | us-gaap |
Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
|
555231000 | |
CY2021Q2 | us-gaap |
Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
|
84096000 | |
CY2020Q4 | us-gaap |
Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
|
6440000 | |
CY2021Q2 | rcus |
Cash Cash Equivalents And Available For Sale Investments
CashCashEquivalentsAndAvailableForSaleInvestments
|
805108000 | |
CY2020Q4 | rcus |
Cash Cash Equivalents And Available For Sale Investments
CashCashEquivalentsAndAvailableForSaleInvestments
|
735086000 | |
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
0 | ||
CY2020 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
0 | |
CY2021Q2 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
805154000 | |
CY2021Q2 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
50000 | |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
320482000 | |
CY2021Q2 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
96000 | |
CY2021Q2 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
805108000 | |
CY2020Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
735042000 | |
CY2020Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
57000 | |
CY2020Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
13000 | |
CY2020Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
735086000 | |
CY2021Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
8599000 | |
CY2020Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
8632000 | |
CY2021Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
756000 | |
CY2020Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
295000 | |
CY2021Q2 | rcus |
Other Accrued Liabilities
OtherAccruedLiabilities
|
351000 | |
CY2020Q4 | rcus |
Other Accrued Liabilities
OtherAccruedLiabilities
|
616000 | |
CY2021Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
9706000 | |
CY2020Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
9543000 | |
us-gaap |
Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
|
the lease amendment and replaced by two options to extend the lease term for the entire 150,753 square feet then under lease in the Hayward premises for a period of eight years each. | ||
CY2021Q2 | rcus |
Operating Lease Option To Extend Lease Term
OperatingLeaseOptionToExtendLeaseTerm
|
P8Y | |
CY2021Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P10Y6M | |
CY2021Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.052 | |
CY2021Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1500000 | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2600000 | ||
CY2020Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
500000 | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1100000 | ||
CY2021Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
100000 | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
300000 | ||
CY2021Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
36100000 | |
CY2021Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
52200000 | |
CY2021Q2 | rcus |
Lessee Operating Lease Tenant Improvement Allowance Receivable
LesseeOperatingLeaseTenantImprovementAllowanceReceivable
|
11600000 | |
rcus |
Lessee Operating Lease Tenant Improvement Allowance Receivable Expected Period
LesseeOperatingLeaseTenantImprovementAllowanceReceivableExpectedPeriod
|
P1Y | ||
CY2021Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
2500000 | |
CY2021Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
49700000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
2233000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
5722000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
5908000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
6101000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
6302000 | |
CY2021Q2 | rcus |
Lessee Operating Lease Liability Payments Due Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueThereafter
|
42489000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
68755000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
16577000 | |
CY2021Q2 | rcus |
Lessee Operating Lease Tenant Improvement Allowance Receivable
LesseeOperatingLeaseTenantImprovementAllowanceReceivable
|
11577000 | |
CY2021Q2 | rcus |
Operating Lease Liability Net Of Tenant Improvement Allowances Receivable
OperatingLeaseLiabilityNetOfTenantImprovementAllowancesReceivable
|
40601000 | |
CY2021Q2 | rcus |
Tenant Improvement Allowance Expected To Be Received In Less Than One Year Net Of Current Portion Of Lease Liability
TenantImprovementAllowanceExpectedToBeReceivedInLessThanOneYearNetOfCurrentPortionOfLeaseLiability
|
9140000 | |
CY2021Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
49741000 | |
us-gaap |
Lessee Operating Lease Lease Not Yet Commenced Description
LesseeOperatingLeaseLeaseNotYetCommencedDescription
|
Total undiscounted future minimum lease payments do not include approximately $90.3 million and $5.3 million, respectively, related to the Company’s Brisbane lease and its additional space in Hayward, neither of which have yet commenced. | ||
CY2021Q2 | us-gaap |
Security Deposit
SecurityDeposit
|
3000000.0 | |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
9461000 | |
CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1750000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
18922000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3500000 | ||
CY2021Q2 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
9461000 | |
CY2020Q2 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
1750000 | |
us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
18922000 | ||
us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
3500000 | ||
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
13367000 | |
CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4470000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
26128000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7932000 | ||
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-75970000 | |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-45074000 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
71094199 | |
CY2020Q2 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
50153160 | |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
69792730 | ||
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
48053186 | ||
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
1348902 | |
CY2020Q2 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
1596317 | |
us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
1371644 | ||
us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
1633462 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
68421086 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
46419724 | ||
CY2021Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.09 | |
CY2020Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.93 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-2.17 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.57 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
15339497 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9429282 |