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10-K Filing

CARGO THERAPEUTICS, INC. CIK: 1966494 FY 2024
Filing Information
Form Type 10-K
Accession Number 0000950170-25-037929
Period End Date 20241231
Filing Date 20250312
Fiscal Year 2024
Fiscal Period FY
XBRL Instance crgx-20241231_htm.xml
Filing Contents
Balance Sheet 110 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $64.38M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $64.38M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $405.73M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $405.73M USD Point-in-time
Short-term marketable securities MarketableSecuritiesCurrent $275.32M USD Point-in-time
Short-term marketable securities MarketableSecuritiesCurrent $275.32M USD Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $3.75M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $3.75M USD Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $5.31M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $5.31M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Total current assets AssetsCurrent $409.48M USD Point-in-time
Total current assets AssetsCurrent $409.48M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Total current assets AssetsCurrent $345.01M USD Point-in-time
Total current assets AssetsCurrent $345.01M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 41.21M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 41.21M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 46.04M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 46.04M shares Point-in-time
Long-term marketable securities MarketableSecuritiesNoncurrent $28.39M USD Point-in-time
Long-term marketable securities MarketableSecuritiesNoncurrent $28.39M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 41.21M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 41.21M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 46.04M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 46.04M shares Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $28.22M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $28.22M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $23.48M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $23.48M USD Point-in-time
Restricted cash RestrictedCashNoncurrent $567.00K USD Point-in-time
Restricted cash RestrictedCashNoncurrent $567.00K USD Point-in-time
Restricted cash RestrictedCashNoncurrent $567.00K USD Point-in-time
Restricted cash RestrictedCashNoncurrent $567.00K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $10.38M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $10.38M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $11.29M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $11.29M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $5.31M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $5.31M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $4.39M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $4.39M USD Point-in-time
Total assets Assets $453.04M USD Point-in-time
Total assets Assets $453.04M USD Point-in-time
Total assets Assets $414.05M USD Point-in-time
Total assets Assets $414.05M USD Point-in-time
Accounts payable AccountsPayableCurrent $5.01M USD Point-in-time
Accounts payable AccountsPayableCurrent $5.01M USD Point-in-time
Accounts payable AccountsPayableCurrent $2.44M USD Point-in-time
Accounts payable AccountsPayableCurrent $2.44M USD Point-in-time
Accrued clinical and research and development expenses AccruedClinicalAndResearchAndDevelopmentExpensesCurrent $7.24M USD Point-in-time
Accrued clinical and research and development expenses AccruedClinicalAndResearchAndDevelopmentExpensesCurrent $7.24M USD Point-in-time
Accrued clinical and research and development expenses AccruedClinicalAndResearchAndDevelopmentExpensesCurrent $12.52M USD Point-in-time
Accrued clinical and research and development expenses AccruedClinicalAndResearchAndDevelopmentExpensesCurrent $12.52M USD Point-in-time
Accrued expenses and other current liabilities AccruedExpensesAndOtherCurrentLiabilities $9.44M USD Point-in-time
Accrued expenses and other current liabilities AccruedExpensesAndOtherCurrentLiabilities $9.44M USD Point-in-time
Accrued expenses and other current liabilities AccruedExpensesAndOtherCurrentLiabilities $6.63M USD Point-in-time
Accrued expenses and other current liabilities AccruedExpensesAndOtherCurrentLiabilities $6.63M USD Point-in-time
Operating lease liabilities, current OperatingLeaseLiabilityCurrent $2.28M USD Point-in-time
Operating lease liabilities, current OperatingLeaseLiabilityCurrent $2.28M USD Point-in-time
Operating lease liabilities, current OperatingLeaseLiabilityCurrent $628.00K USD Point-in-time
Operating lease liabilities, current OperatingLeaseLiabilityCurrent $628.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $25.03M USD Point-in-time
Total current liabilities LiabilitiesCurrent $25.03M USD Point-in-time
Total current liabilities LiabilitiesCurrent $21.16M USD Point-in-time
Total current liabilities LiabilitiesCurrent $21.16M USD Point-in-time
Operating lease liabilities, non-current OperatingLeaseLiabilityNoncurrent $28.80M USD Point-in-time
Operating lease liabilities, non-current OperatingLeaseLiabilityNoncurrent $28.80M USD Point-in-time
Operating lease liabilities, non-current OperatingLeaseLiabilityNoncurrent $26.26M USD Point-in-time
Operating lease liabilities, non-current OperatingLeaseLiabilityNoncurrent $26.26M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $225.00K USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $225.00K USD Point-in-time
Total liabilities Liabilities $53.83M USD Point-in-time
Total liabilities Liabilities $53.83M USD Point-in-time
Total liabilities Liabilities $47.65M USD Point-in-time
Total liabilities Liabilities $47.65M USD Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized at December 31, 2024 and 2023; 46,042,504 and 41,205,551 shares issued and outstanding at December 31, 2024 and 2023, respectively CommonStockValue $41.00K USD Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized at December 31, 2024 and 2023; 46,042,504 and 41,205,551 shares issued and outstanding at December 31, 2024 and 2023, respectively CommonStockValue $41.00K USD Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized at December 31, 2024 and 2023; 46,042,504 and 41,205,551 shares issued and outstanding at December 31, 2024 and 2023, respectively CommonStockValue $46.00K USD Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized at December 31, 2024 and 2023; 46,042,504 and 41,205,551 shares issued and outstanding at December 31, 2024 and 2023, respectively CommonStockValue $46.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $550.49M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $550.49M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $672.54M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $672.54M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $291.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $291.00K USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-145.15M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-145.15M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-312.65M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-312.65M USD Point-in-time
Total stockholders' equity StockholdersEquity $405.39M USD Point-in-time
Total stockholders' equity StockholdersEquity $405.39M USD Point-in-time
Total stockholders' equity StockholdersEquity $360.23M USD Point-in-time
Total stockholders' equity StockholdersEquity $360.23M USD Point-in-time
Total stockholders' equity StockholdersEquity $-35.24M USD Point-in-time
Total stockholders' equity StockholdersEquity $-35.24M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $453.04M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $453.04M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $414.05M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $414.05M USD Point-in-time
Income Statement 62 line items
Line Item Tag Value Unit Period
Research and development ResearchAndDevelopmentExpense $143.40M USD Annual
Research and development ResearchAndDevelopmentExpense $143.40M USD Annual
Research and development ResearchAndDevelopmentExpense $75.79M USD Annual
Research and development ResearchAndDevelopmentExpense $75.79M USD Annual
General and administrative GeneralAndAdministrativeExpense $20.92M USD Annual
General and administrative GeneralAndAdministrativeExpense $20.92M USD Annual
General and administrative GeneralAndAdministrativeExpense $43.97M USD Annual
General and administrative GeneralAndAdministrativeExpense $43.97M USD Annual
Total operating expenses OperatingExpenses $187.37M USD Annual
Total operating expenses OperatingExpenses $187.37M USD Annual
Total operating expenses OperatingExpenses $96.71M USD Annual
Total operating expenses OperatingExpenses $96.71M USD Annual
Loss from operations OperatingIncomeLoss $-187.37M USD Annual
Loss from operations OperatingIncomeLoss $-187.37M USD Annual
Loss from operations OperatingIncomeLoss $-96.71M USD Annual
Loss from operations OperatingIncomeLoss $-96.71M USD Annual
Interest income InvestmentIncomeInterest $20.06M USD Annual
Interest income InvestmentIncomeInterest $20.06M USD Annual
Interest income InvestmentIncomeInterest $4.87M USD Annual
Interest income InvestmentIncomeInterest $4.87M USD Annual
Interest expense InterestExpense - USD Annual
Interest expense InterestExpense - USD Annual
Interest expense InterestExpense $1.60M USD Annual
Interest expense InterestExpense $1.60M USD Annual
Net change in fair value of redeemable convertible preferred stock tranche obligations NetChangeInFairValueOfRedeemableConvertiblePreferredStockTrancheObligations $8.78M USD Annual
Net change in fair value of redeemable convertible preferred stock tranche obligations NetChangeInFairValueOfRedeemableConvertiblePreferredStockTrancheObligations $8.78M USD Annual
Change in fair value of derivative liabilities DerivativeGainLossOnDerivativeNet - USD Annual
Change in fair value of derivative liabilities DerivativeGainLossOnDerivativeNet - USD Annual
Change in fair value of derivative liabilities DerivativeGainLossOnDerivativeNet $6.45M USD Annual
Change in fair value of derivative liabilities DerivativeGainLossOnDerivativeNet $6.45M USD Annual
Loss on extinguishment of convertible notes GainsLossesOnExtinguishmentOfDebt $-2.32M USD Annual
Loss on extinguishment of convertible notes GainsLossesOnExtinguishmentOfDebt $-2.32M USD Annual
Other expense, net OtherNonoperatingIncomeExpense $-58.00K USD Annual
Other expense, net OtherNonoperatingIncomeExpense $-58.00K USD Annual
Other expense, net OtherNonoperatingIncomeExpense $-195.00K USD Annual
Other expense, net OtherNonoperatingIncomeExpense $-195.00K USD Annual
Net loss NetIncomeLoss $-98.15M USD Annual
Net loss NetIncomeLoss $-98.15M USD Annual
Net loss NetIncomeLoss $-167.50M USD Annual
Net loss NetIncomeLoss $-167.50M USD Annual
Unrealized gain on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $291.00K USD Annual
Unrealized gain on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $291.00K USD Annual
Comprehensive loss ComprehensiveIncomeNetOfTax $-167.21M USD Annual
Comprehensive loss ComprehensiveIncomeNetOfTax $-167.21M USD Annual
Comprehensive loss ComprehensiveIncomeNetOfTax $-98.15M USD Annual
Comprehensive loss ComprehensiveIncomeNetOfTax $-98.15M USD Annual
Net loss per share attributable to common stockholders, basic EarningsPerShareBasic $-16.53 USD Annual
Net loss per share attributable to common stockholders, basic EarningsPerShareBasic $-16.53 USD Annual
Net loss per share attributable to common stockholders, basic EarningsPerShareBasic $-3.72 USD Annual
Net loss per share attributable to common stockholders, basic EarningsPerShareBasic $-3.72 USD Annual
Net loss per share attributable to common stockholders, diluted EarningsPerShareDiluted $-3.72 USD Annual
Net loss per share attributable to common stockholders, diluted EarningsPerShareDiluted $-3.72 USD Annual
Net loss per share attributable to common stockholders, diluted EarningsPerShareDiluted $-16.53 USD Annual
Net loss per share attributable to common stockholders, diluted EarningsPerShareDiluted $-16.53 USD Annual
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic WeightedAverageNumberOfSharesOutstandingBasic 5.94M shares Annual
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic WeightedAverageNumberOfSharesOutstandingBasic 5.94M shares Annual
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic WeightedAverageNumberOfSharesOutstandingBasic 44.97M shares Annual
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic WeightedAverageNumberOfSharesOutstandingBasic 44.97M shares Annual
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted WeightedAverageNumberOfDilutedSharesOutstanding 5.94M shares Annual
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted WeightedAverageNumberOfDilutedSharesOutstanding 5.94M shares Annual
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted WeightedAverageNumberOfDilutedSharesOutstanding 44.97M shares Annual
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted WeightedAverageNumberOfDilutedSharesOutstanding 44.97M shares Annual
Cash Flow Statement 160 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-98.15M USD Annual
Net loss NetIncomeLoss $-98.15M USD Annual
Net loss NetIncomeLoss $-167.50M USD Annual
Net loss NetIncomeLoss $-167.50M USD Annual
Stock-based compensation expense ShareBasedCompensation $3.33M USD Annual
Stock-based compensation expense ShareBasedCompensation $3.33M USD Annual
Stock-based compensation expense ShareBasedCompensation $17.97M USD Annual
Stock-based compensation expense ShareBasedCompensation $17.97M USD Annual
Amortization of operating lease right-of-use assets OperatingLeaseRightOfUseAssetAmortizationExpense $4.42M USD Annual
Amortization of operating lease right-of-use assets OperatingLeaseRightOfUseAssetAmortizationExpense $4.42M USD Annual
Amortization of operating lease right-of-use assets OperatingLeaseRightOfUseAssetAmortizationExpense $2.20M USD Annual
Amortization of operating lease right-of-use assets OperatingLeaseRightOfUseAssetAmortizationExpense $2.20M USD Annual
Depreciation Depreciation $2.66M USD Annual
Depreciation Depreciation $2.66M USD Annual
Depreciation Depreciation $1.49M USD Annual
Depreciation Depreciation $1.49M USD Annual
Loss from disposal of property and equipment GainLossOnDispositionOfAssets1 $-156.00K USD Annual
Loss from disposal of property and equipment GainLossOnDispositionOfAssets1 $-156.00K USD Annual
Acquired in-process research and development AcquiredInProcessResearchAndDevelopment $1.50M USD Annual
Acquired in-process research and development AcquiredInProcessResearchAndDevelopment $1.50M USD Annual
Acquired in-process research and development AcquiredInProcessResearchAndDevelopment $300.00K USD Annual
Acquired in-process research and development AcquiredInProcessResearchAndDevelopment $300.00K USD Annual
Accretion on investments in marketable securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $3.52M USD Annual
Accretion on investments in marketable securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $3.52M USD Annual
Change in fair value of derivative liabilities DerivativeGainLossOnDerivativeNet - USD Annual
Change in fair value of derivative liabilities DerivativeGainLossOnDerivativeNet - USD Annual
Change in fair value of derivative liabilities DerivativeGainLossOnDerivativeNet $6.45M USD Annual
Change in fair value of derivative liabilities DerivativeGainLossOnDerivativeNet $6.45M USD Annual
Loss on extinguishment of convertible notes GainsLossesOnExtinguishmentOfDebt $-2.32M USD Annual
Loss on extinguishment of convertible notes GainsLossesOnExtinguishmentOfDebt $-2.32M USD Annual
Noncash interest expense PaidInKindInterest $1.60M USD Annual
Noncash interest expense PaidInKindInterest $1.60M USD Annual
Net change in fair value of redeemable convertible preferred stock tranche obligations NetChangeInFairValueOfRedeemableConvertiblePreferredStockTrancheObligations $8.78M USD Annual
Net change in fair value of redeemable convertible preferred stock tranche obligations NetChangeInFairValueOfRedeemableConvertiblePreferredStockTrancheObligations $8.78M USD Annual
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.59M USD Annual
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.59M USD Annual
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.66M USD Annual
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.66M USD Annual
Other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $375.00K USD Annual
Other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $375.00K USD Annual
Other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $3.61M USD Annual
Other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $3.61M USD Annual
Accounts payable IncreaseDecreaseInAccountsPayable $757.00K USD Annual
Accounts payable IncreaseDecreaseInAccountsPayable $757.00K USD Annual
Accounts payable IncreaseDecreaseInAccountsPayable $-2.10M USD Annual
Accounts payable IncreaseDecreaseInAccountsPayable $-2.10M USD Annual
Accrued clinical and research and development expenses IncreaseDecreaseInAccruedClinicalAndResearchAndDevelopmentExpenses $4.67M USD Annual
Accrued clinical and research and development expenses IncreaseDecreaseInAccruedClinicalAndResearchAndDevelopmentExpenses $4.67M USD Annual
Accrued clinical and research and development expenses IncreaseDecreaseInAccruedClinicalAndResearchAndDevelopmentExpenses $5.80M USD Annual
Accrued clinical and research and development expenses IncreaseDecreaseInAccruedClinicalAndResearchAndDevelopmentExpenses $5.80M USD Annual
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities $2.90M USD Annual
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities $2.90M USD Annual
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities $3.79M USD Annual
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities $3.79M USD Annual
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $1.21M USD Annual
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $1.21M USD Annual
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-1.81M USD Annual
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-1.81M USD Annual
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-81.16M USD Annual
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-81.16M USD Annual
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-139.74M USD Annual
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-139.74M USD Annual
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $604.87M USD Annual
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $604.87M USD Annual
Proceeds from sales and maturities of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $304.97M USD Annual
Proceeds from sales and maturities of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $304.97M USD Annual
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.45M USD Annual
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.45M USD Annual
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $8.28M USD Annual
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $8.28M USD Annual
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $223.00K USD Annual
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $223.00K USD Annual
Purchase of in-process research and development PaymentsToAcquireInProcessResearchAndDevelopment $950.00K USD Annual
Purchase of in-process research and development PaymentsToAcquireInProcessResearchAndDevelopment $950.00K USD Annual
Purchase of in-process research and development PaymentsToAcquireInProcessResearchAndDevelopment $715.00K USD Annual
Purchase of in-process research and development PaymentsToAcquireInProcessResearchAndDevelopment $715.00K USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-305.08M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-305.08M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-8.99M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-8.99M USD Annual
Proceeds from issuance of common stock on initial public offering, net of commissions ProceedsFromIssuanceInitialPublicOffering $296.61M USD Annual
Proceeds from issuance of common stock on initial public offering, net of commissions ProceedsFromIssuanceInitialPublicOffering $296.61M USD Annual
Proceeds from issuance of common stock in private placement, net of issuance costs ProceedsFromIssuanceOfPrivatePlacement $102.89M USD Annual
Proceeds from issuance of common stock in private placement, net of issuance costs ProceedsFromIssuanceOfPrivatePlacement $102.89M USD Annual
Proceeds from issuance of convertible notes, net of issuance costs - related party ProceedsFromIssuanceOfConvertibleNotesNetOfIssuanceCostsFromRelatedParty $2.21M USD Annual
Proceeds from issuance of convertible notes, net of issuance costs - related party ProceedsFromIssuanceOfConvertibleNotesNetOfIssuanceCostsFromRelatedParty $2.21M USD Annual
Proceeds from issuance of convertible notes, net of issuance costs ProceedsFromDebtNetOfIssuanceCosts $1.29M USD Annual
Proceeds from issuance of convertible notes, net of issuance costs ProceedsFromDebtNetOfIssuanceCosts $1.29M USD Annual
Proceeds from issuance of redeemable convertible preferred stock and tranche obligations, net of issuance costs ProceedsFromIssuanceOfRedeemableConvertiblePreferredStockAndTrancheObligationsNetOfIssuanceCosts $199.92M USD Annual
Proceeds from issuance of redeemable convertible preferred stock and tranche obligations, net of issuance costs ProceedsFromIssuanceOfRedeemableConvertiblePreferredStockAndTrancheObligationsNetOfIssuanceCosts $199.92M USD Annual
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $1.17M USD Annual
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $1.17M USD Annual
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $34.00K USD Annual
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $34.00K USD Annual
Payment of deferred initial public offering costs PaymentsOfStockIssuanceCosts $105.00K USD Annual
Payment of deferred initial public offering costs PaymentsOfStockIssuanceCosts $105.00K USD Annual
Payment of deferred initial public offering costs PaymentsOfStockIssuanceCosts $5.47M USD Annual
Payment of deferred initial public offering costs PaymentsOfStockIssuanceCosts $5.47M USD Annual
Payment of "at-the-market" equity offering program costs PaymentOfAtTheMarketEquityOfferingProgramCosts $463.00K USD Annual
Payment of "at-the-market" equity offering program costs PaymentOfAtTheMarketEquityOfferingProgramCosts $463.00K USD Annual
Payment of transaction costs for exchange of common stock for warrants PaymentOfTransactionCostsForExchangeOfCommonStockForWarrants $25.00K USD Annual
Payment of transaction costs for exchange of common stock for warrants PaymentOfTransactionCostsForExchangeOfCommonStockForWarrants $25.00K USD Annual
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $494.58M USD Annual
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $494.58M USD Annual
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $103.47M USD Annual
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $103.47M USD Annual
Net (decrease) increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-341.35M USD Annual
Net (decrease) increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-341.35M USD Annual
Net (decrease) increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $404.43M USD Annual
Net (decrease) increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $404.43M USD Annual
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $406.30M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $406.30M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.87M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.87M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $64.95M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $64.95M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $406.30M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $406.30M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.87M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.87M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $64.95M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $64.95M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $64.38M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $64.38M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $405.73M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $405.73M USD Point-in-time
Restricted cash RestrictedCashNoncurrent $567.00K USD Point-in-time
Restricted cash RestrictedCashNoncurrent $567.00K USD Point-in-time
Restricted cash RestrictedCashNoncurrent $567.00K USD Point-in-time
Restricted cash RestrictedCashNoncurrent $567.00K USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $406.30M USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $406.30M USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.87M USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.87M USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $64.95M USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $64.95M USD Point-in-time
Reclassification of tranche obligation asset to Series A-1 redeemable convertible preferred stock ReclassificationOfTrancheObligationAssetToSeriesA1RedeemableConvertiblePreferredStock $1.91M USD Annual
Reclassification of tranche obligation asset to Series A-1 redeemable convertible preferred stock ReclassificationOfTrancheObligationAssetToSeriesA1RedeemableConvertiblePreferredStock $1.91M USD Annual
Reclassification of tranche obligation liability to Series A-1 redeemable convertible preferred stock ReclassificationOfTrancheObligationLiabilityToSeriesA1RedeemableConvertiblePreferredStock $18.01M USD Annual
Reclassification of tranche obligation liability to Series A-1 redeemable convertible preferred stock ReclassificationOfTrancheObligationLiabilityToSeriesA1RedeemableConvertiblePreferredStock $18.01M USD Annual
Conversion of redeemable convertible preferred stock into common stock on completion of initial public offering ConversionOfRedeemableConvertiblePreferredStockIntoCommonStockOnCompletionOfInitialPublicOffering $254.11M USD Annual
Conversion of redeemable convertible preferred stock into common stock on completion of initial public offering ConversionOfRedeemableConvertiblePreferredStockIntoCommonStockOnCompletionOfInitialPublicOffering $254.11M USD Annual
Exchange of common stock for pre-funded warrants ExchangeOfCommonStockForPrefundedWarrants $37.60M USD Annual
Exchange of common stock for pre-funded warrants ExchangeOfCommonStockForPrefundedWarrants $37.60M USD Annual
Conversion of convertible notes to shares of Series A-2 redeemable convertible preferred stock ConversionOfConvertibleNotesToSharesOfSeriesA2RedeemableConvertiblePreferredStock $35.58M USD Annual
Conversion of convertible notes to shares of Series A-2 redeemable convertible preferred stock ConversionOfConvertibleNotesToSharesOfSeriesA2RedeemableConvertiblePreferredStock $35.58M USD Annual
Reclassification of shares of Series Seed redeemable convertible preferred stock to mezzanine equity ReclassificationOfSharesOfSeriesSeedRedeemableConvertiblePreferredStockToMezzanineEquity $9.83M USD Annual
Reclassification of shares of Series Seed redeemable convertible preferred stock to mezzanine equity ReclassificationOfSharesOfSeriesSeedRedeemableConvertiblePreferredStockToMezzanineEquity $9.83M USD Annual
Purchase of property and equipment in accounts payable and accrued expenses and other current liabilities CapitalExpendituresIncurredButNotYetPaid $388.00K USD Annual
Purchase of property and equipment in accounts payable and accrued expenses and other current liabilities CapitalExpendituresIncurredButNotYetPaid $388.00K USD Annual
Purchase of property and equipment in accounts payable and accrued expenses and other current liabilities CapitalExpendituresIncurredButNotYetPaid $883.00K USD Annual
Purchase of property and equipment in accounts payable and accrued expenses and other current liabilities CapitalExpendituresIncurredButNotYetPaid $883.00K USD Annual
In-process research and development costs in accounts payable, accrued clinical and research and development expenses, and other non-current liabilities InProcessResearchAndDevelopmentCostsInAccountsPayableAccruedClinicalAndResearchAndDevelopmentExpensesCurrent $1.27M USD Annual
In-process research and development costs in accounts payable, accrued clinical and research and development expenses, and other non-current liabilities InProcessResearchAndDevelopmentCostsInAccountsPayableAccruedClinicalAndResearchAndDevelopmentExpensesCurrent $1.27M USD Annual
In-process research and development costs in accounts payable, accrued clinical and research and development expenses, and other non-current liabilities InProcessResearchAndDevelopmentCostsInAccountsPayableAccruedClinicalAndResearchAndDevelopmentExpensesCurrent $523.00K USD Annual
In-process research and development costs in accounts payable, accrued clinical and research and development expenses, and other non-current liabilities InProcessResearchAndDevelopmentCostsInAccountsPayableAccruedClinicalAndResearchAndDevelopmentExpensesCurrent $523.00K USD Annual
Deferred offering costs related to initial public offering included in accounts payable, accrued expenses and other current liabilities DeferredOfferingCostsRelatedToInitialPublicOfferingIncludedInAccountsPayableAndAccruedExpensesAndOtherCurrentLiabilities $105.00K USD Annual
Deferred offering costs related to initial public offering included in accounts payable, accrued expenses and other current liabilities DeferredOfferingCostsRelatedToInitialPublicOfferingIncludedInAccountsPayableAndAccruedExpensesAndOtherCurrentLiabilities $105.00K USD Annual
Deferred issuance costs related to the "at-the-market" equity offering program, included in accrued expenses and other current liabilities DeferredIssuanceCostsRelatedToTheAtTheMarketEquityOfferingProgramIncludedInAccruedExpensesAndOtherCurrentLiabilities $82.00K USD Annual
Deferred issuance costs related to the "at-the-market" equity offering program, included in accrued expenses and other current liabilities DeferredIssuanceCostsRelatedToTheAtTheMarketEquityOfferingProgramIncludedInAccruedExpensesAndOtherCurrentLiabilities $82.00K USD Annual
Stockholders Equity 48 line items
Line Item Tag Value Unit Period
Commissions and offering costs CommissionsAndOfferingCosts $5.58M USD Annual
Commissions and offering costs CommissionsAndOfferingCosts $5.58M USD Annual
Beginning balance, shares TemporaryEquitySharesOutstanding 0.00 shares Point-in-time
Beginning balance, shares TemporaryEquitySharesOutstanding 0.00 shares Point-in-time
Beginning balance, amount StockholdersEquity $405.39M USD Point-in-time
Beginning balance, amount StockholdersEquity $405.39M USD Point-in-time
Beginning balance, amount StockholdersEquity $360.23M USD Point-in-time
Beginning balance, amount StockholdersEquity $360.23M USD Point-in-time
Beginning balance, amount StockholdersEquity $-35.24M USD Point-in-time
Beginning balance, amount StockholdersEquity $-35.24M USD Point-in-time
Exchange of common stock for pre-funded warrants, value ExchangeOfCommonStockForPrefundedWarrantsValue $25.00K USD Annual
Exchange of common stock for pre-funded warrants, value ExchangeOfCommonStockForPrefundedWarrantsValue $25.00K USD Annual
Issuance of common stock, net of issuance costs, commissions and offering costs, shares StockIssuedDuringPeriodSharesNewIssues 18.75M shares Point-in-time
Issuance of common stock, net of issuance costs, commissions and offering costs, shares StockIssuedDuringPeriodSharesNewIssues 18.75M shares Point-in-time
Exercise of stock options, shares StockIssuedDuringPeriodSharesStockOptionsExercised 208,452.00 shares Annual
Exercise of stock options, shares StockIssuedDuringPeriodSharesStockOptionsExercised 208,452.00 shares Annual
Exercise of stock options, amount StockIssuedDuringPeriodValueStockOptionsExercised $34.00K USD Annual
Exercise of stock options, amount StockIssuedDuringPeriodValueStockOptionsExercised $34.00K USD Annual
Exercise of stock options, amount StockIssuedDuringPeriodValueStockOptionsExercised $1.17M USD Annual
Exercise of stock options, amount StockIssuedDuringPeriodValueStockOptionsExercised $1.17M USD Annual
Vesting of restricted stock VestingOfRestrictedStockAwardValue $45.00K USD Annual
Vesting of restricted stock VestingOfRestrictedStockAwardValue $45.00K USD Annual
Vesting of restricted stock VestingOfRestrictedStockAwardValue $103.00K USD Annual
Vesting of restricted stock VestingOfRestrictedStockAwardValue $103.00K USD Annual
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $17.97M USD Annual
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $17.97M USD Annual
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.33M USD Annual
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.33M USD Annual
Net loss NetIncomeLoss $-98.15M USD Annual
Net loss NetIncomeLoss $-98.15M USD Annual
Net loss NetIncomeLoss $-167.50M USD Annual
Net loss NetIncomeLoss $-167.50M USD Annual
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $291.00K USD Annual
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $291.00K USD Annual
Reclassification of series seed redeemable convertible preferred stock, amount ReclassificationOfSeriesSeedRedeemableConvertiblePreferredStockValue $-9.83M USD Annual
Reclassification of series seed redeemable convertible preferred stock, amount ReclassificationOfSeriesSeedRedeemableConvertiblePreferredStockValue $-9.83M USD Annual
Conversion of redeemable convertible preferred stock to common stock on initial public offering StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $254.11M USD Annual
Conversion of redeemable convertible preferred stock to common stock on initial public offering StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $254.11M USD Annual
Conversion of redeemable convertible preferred stock to common stock on initial public offering, Shares StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities 18.84M shares Point-in-time
Conversion of redeemable convertible preferred stock to common stock on initial public offering, Shares StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities 18.84M shares Point-in-time
Ending balance, shares TemporaryEquitySharesOutstanding 0.00 shares Point-in-time
Ending balance, shares TemporaryEquitySharesOutstanding 0.00 shares Point-in-time
Ending balance, amount StockholdersEquity $405.39M USD Point-in-time
Ending balance, amount StockholdersEquity $405.39M USD Point-in-time
Ending balance, amount StockholdersEquity $360.23M USD Point-in-time
Ending balance, amount StockholdersEquity $360.23M USD Point-in-time
Ending balance, amount StockholdersEquity $-35.24M USD Point-in-time
Ending balance, amount StockholdersEquity $-35.24M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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