2024 Q4 Form 10-Q Financial Statement
#000177342724000033 Filed on November 12, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
Revenue | $49.30M | $0.00 | |
YoY Change | |||
Cost Of Revenue | $3.341M | $0.00 | |
YoY Change | |||
Gross Profit | $45.96M | $0.00 | |
YoY Change | |||
Gross Profit Margin | 93.22% | ||
Selling, General & Admin | $61.60M | $46.55M | |
YoY Change | 32.33% | 30.49% | |
% of Gross Profit | 134.03% | ||
Research & Development | $42.30M | $37.45M | |
YoY Change | 12.93% | 3.84% | |
% of Gross Profit | 92.03% | ||
Depreciation & Amortization | $878.0K | $490.0K | |
YoY Change | 79.18% | 131.13% | |
% of Gross Profit | 1.91% | ||
Operating Expenses | $103.9M | $84.00M | |
YoY Change | 23.69% | 17.09% | |
Operating Profit | -$57.94M | -$84.00M | |
YoY Change | -31.03% | 17.09% | |
Interest Expense | $4.407M | $4.640M | |
YoY Change | -5.02% | -908.36% | |
% of Operating Profit | |||
Other Income/Expense, Net | $6.216M | $5.586M | |
YoY Change | 11.28% | 566.59% | |
Pretax Income | -$53.53M | -$79.44M | |
YoY Change | -32.62% | 9.74% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$53.53M | -$79.44M | |
YoY Change | -32.61% | 9.74% | |
Net Earnings / Revenue | -108.58% | ||
Basic Earnings Per Share | -$0.72 | -$1.27 | |
Diluted Earnings Per Share | -$0.72 | -$1.27 | |
COMMON SHARES | |||
Basic Shares Outstanding | 74.39M shares | 74.27M shares | 62.57M shares |
Diluted Shares Outstanding | 74.26M shares | 62.52M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $376.6M | $422.4M | |
YoY Change | -10.84% | -35.21% | |
Cash & Equivalents | $84.46M | $98.90M | |
Short-Term Investments | $292.2M | $323.5M | |
Other Short-Term Assets | $15.69M | $10.00M | |
YoY Change | 56.94% | 87.13% | |
Inventory | $9.826M | ||
Prepaid Expenses | |||
Receivables | $32.97M | ||
Other Receivables | $0.00 | ||
Total Short-Term Assets | $435.1M | $432.4M | |
YoY Change | 0.63% | -34.22% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $19.34M | $20.92M | |
YoY Change | -7.59% | 82.23% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $5.580M | $3.789M | |
YoY Change | 47.27% | -22.25% | |
Other Assets | $20.70M | $3.483M | |
YoY Change | 494.32% | 41.99% | |
Total Long-Term Assets | $173.8M | $35.27M | |
YoY Change | 392.66% | 45.35% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $435.1M | $432.4M | |
Total Long-Term Assets | $173.8M | $35.27M | |
Total Assets | $608.9M | $467.7M | |
YoY Change | 30.2% | -31.38% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $9.654M | $5.546M | |
YoY Change | 74.07% | 20.93% | |
Accrued Expenses | $59.73M | $40.33M | |
YoY Change | 48.1% | 2.65% | |
Deferred Revenue | $0.00 | $3.244M | |
YoY Change | -100.0% | ||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $70.61M | $50.28M | |
YoY Change | 40.43% | 1.59% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $5.684M | $22.50M | |
YoY Change | -74.74% | 53.48% | |
Total Long-Term Liabilities | $5.684M | $22.50M | |
YoY Change | -74.74% | 53.48% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $70.61M | $50.28M | |
Total Long-Term Liabilities | $5.684M | $22.50M | |
Total Liabilities | $76.30M | $72.76M | |
YoY Change | 4.87% | 5.21% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.076B | -$800.7M | |
YoY Change | 34.37% | 61.5% | |
Common Stock | $7.000K | $6.000K | |
YoY Change | 16.67% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $532.6M | $394.9M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $608.9M | $467.7M | |
YoY Change | 30.2% | -31.38% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$53.53M | -$79.44M | |
YoY Change | -32.61% | 9.74% | |
Depreciation, Depletion And Amortization | $878.0K | $490.0K | |
YoY Change | 79.18% | 131.13% | |
Cash From Operating Activities | -$25.38M | -$50.46M | |
YoY Change | -49.7% | 157.4% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $1.847M | $3.620M | |
YoY Change | -48.98% | -202.61% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $30.50M | $38.22M | |
YoY Change | -20.21% | -57.42% | |
Cash From Investing Activities | $28.65M | $34.60M | |
YoY Change | -17.2% | -59.88% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.291M | -240.0K | |
YoY Change | -637.92% | -100.07% | |
NET CHANGE | |||
Cash From Operating Activities | -25.38M | -50.46M | |
Cash From Investing Activities | 28.65M | 34.60M | |
Cash From Financing Activities | 1.291M | -240.0K | |
Net Change In Cash | 4.560M | -16.10M | |
YoY Change | -128.32% | -103.96% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$25.38M | -$50.46M | |
Capital Expenditures | $1.847M | $3.620M | |
Free Cash Flow | -$27.23M | -$54.08M | |
YoY Change | -49.66% | 236.4% |
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RevenueNotFromContractWithCustomer
|
19547000 | usd | |
CY2023Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
0 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1524196000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
626219000 | usd |
CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
608878000 | usd |
CY2024Q3 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
107238000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
725788000 | usd |
CY2023Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
37453000 | usd |
CY2023Q3 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
83999000 | usd |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
140280000 | usd | |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
326829000 | usd | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
106835000 | usd | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.72 | |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
244550000 | usd | |
CY2024Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-57937000 | usd |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-83999000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-196789000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-244550000 | usd | |
CY2024Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
6216000 | usd |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
20565000 | usd | |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
16971000 | usd | |
CY2024Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
6216000 | usd |
CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
5586000 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
16971000 | usd | |
CY2024Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-1809000 | usd |
CY2023Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-1024000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-79437000 | usd |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.72 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.70 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.70 | ||
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
74264501 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
74264501 | shares |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-3203000 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
74052151 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
74052151 | shares | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-53530000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-79437000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-230782000 | usd | |
CY2024Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
2127000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
39000 | usd |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
416000 | usd | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
454000 | usd | |
CY2024Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
2127000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
39000 | usd |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
416000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
454000 | usd | |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-79398000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-180418000 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
451441000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-180834000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-230328000 | usd | |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
23099000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
21000 | usd |
CY2023Q3 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
264000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
39000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-79437000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
394899000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-230782000 | usd | |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
25963000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1790000 | usd |
CY2024Q3 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
499000 | usd |
CY2024Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
2127000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
532581000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
558192000 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
69467000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
394899000 | usd |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
0 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
6723000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
0 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
3017000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2416000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
1298000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
686000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2261000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1943000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-19547000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
0 | usd | |
swtx |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
-1552000 | usd | |
swtx |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
-863000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-146099000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3399000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9687000 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
11250000 | usd | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
8235000 | usd | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
2800000 | usd | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
309276000 | usd | |
us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
277541000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-230782000 | usd | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
626219000 | usd |
us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
7915000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
416000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
27042000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1940000 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
0 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-53530000 | usd |
us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
2547000 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
68068000 | usd |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
454000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
82670000 | usd | |
us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
515722000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
50400000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
193959000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
176666000 | usd |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
720000 | usd | |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
532581000 | usd |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-160090000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
662600000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-180834000 | usd | |
CY2023Q4 | swtx |
Working Capital
WorkingCapital
|
422700000 | usd |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
115000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
12025000 | usd | |
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
25963000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
85077000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
99505000 | usd |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
877000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
2637000 | usd | |
CY2024Q3 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
498100000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
412060000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
1607000 | usd |
CY2024Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
0 | usd |
CY2024Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
413667000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
1191000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
0 | usd |
CY2024Q3 | swtx |
Equity Method Investments Purchase Obligation Value
EquityMethodInvestmentsPurchaseObligationValue
|
12400000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
82670000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Nature of Operations<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SpringWorks Therapeutics, Inc., together with its wholly-owned subsidiaries, collectively, the Company, is a commercial-stage biopharmaceutical company applying a precision medicine approach to developing and commercializing life-changing medicines for underserved patient populations suffering from devastating rare diseases and cancer. The Company has a differentiated portfolio of small molecule targeted oncology assets, including one approved product, one product candidate under regulatory review for approval, and several clinical candidates, and is advancing programs in both rare tumor types as well as highly prevalent, genetically defined cancers. OGSIVEO® (nirogacestat) is the Company’s first commercial product. OGSIVEO was approved by the United States Food and Drug Administration, or FDA, on November 27, 2023 for the treatment of adult patients with progressing desmoid tumors who require systemic treatment. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has incurred losses and negative operating cash flows since inception and had an accumulated deficit of $1.1 billion and $895.0 million, and working capital of $364.5 million and $422.7 million, as of September 30, 2024 and December 31, 2023, respectively. For the three and nine months ended September 30, 2024, the Company recorded net product revenue of $49.3 million and $110.5 million, respectively, from sales of OGSIVEO.</span></div>The Company had cash, cash equivalents and marketable securities of $498.1 million and $662.6 million as of September 30, 2024 and December 31, 2023, respectively. Based on the Company’s cash, cash equivalents and marketable securities as of September 30, 2024, management estimates that its current liquidity will enable it to meet operating expenses through at least twelve months after the date that these financial statements are issued. | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
15231323 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
13402403 | shares | |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
486535000 | usd |
CY2024Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
20311000 | usd |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
26047000 | usd |
CY2024Q3 | swtx |
Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
|
14223000 | usd |
CY2023Q4 | swtx |
Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
|
15129000 | usd |
CY2024Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
20199000 | usd |
CY2023Q4 | swtx |
Accrued Milestone
AccruedMilestone
|
11250000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
13143000 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
59733000 | usd |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
23099000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
69467000 | usd | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
5586000 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
20565000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-4610000 | usd | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.27 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.27 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.44 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.44 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
62521772 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
62521772 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
62386496 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
62386496 | shares | |
CY2024Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-51403000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
556730000 | usd |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
204257000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
31437000 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts in the financial statements and accompanying notes. Estimates and assumptions reflected in these condensed consolidated financial statements include, but are not limited to, research and development expenses, valuation of equity-based compensation awards and variable consideration and other relevant inputs impacting the gross to net revenue recognition adjustments. Management bases its estimates on historical experience, known trends and other market-specific or relevant factors that it believes to be reasonable under the circumstances. Actual results may differ from those estimates or assumptions. On an ongoing basis, management evaluates its estimates, and adjusts those estimates and assumptions when facts or circumstances change. Changes in estimates are recorded in the period in which they become known.</span></div> | ||
CY2023Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
485344000 | usd |
CY2024Q3 | swtx |
Accrued Milestone
AccruedMilestone
|
5000000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
65569000 | usd |
us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
0 | usd | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |