Crinetics Pharmaceuticals Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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Consolidated Balance Sheets
Checking your notes…
(In thousands, except per share amounts)
| Assets | ||
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $264,545 | $54,897 |
| Restricted cash | 500 | — |
| Investment securities, amortized cost of $1,088,561 at December 31, 2024 and $502,681 at December 31, 2023 | 1,089,524 | 503,658 |
| Prepaid expenses and other current assets | 20,819 | 15,598 |
| Total current assets | 1,375,388 | 574,153 |
| Property and equipment, net | 12,068 | 10,881 |
| Operating lease right-of-use assets | 43,507 | 46,549 |
| Investment in Radionetics | — | 470 |
| Restricted cash, net of current portion | 800 | 1,300 |
| Other assets | 2,829 | 2,000 |
| Total assets | $1,434,592 | $635,353 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $21,469 | $23,196 |
| Accrued compensation and related expenses | 28,887 | 14,517 |
| Deferred revenue | 2,176 | 2,056 |
| Operating lease liabilities | 7,152 | 4,173 |
| Total current liabilities | 59,684 | 43,942 |
| Operating lease liabilities, non-current | 44,570 | 47,555 |
| Deferred revenue, non-current | 4,704 | 4,750 |
| Other non-current liabilities | 829 | — |
| Total liabilities | 109,787 | 96,247 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par; 10,000 shares authorized, no shares issued or outstanding at December 31, 2024 or 2023 | — | — |
| Common stock and paid-in capital, $0.001 par; 200,000 shares authorized, 92,926 shares issued and outstanding at December 31, 2024; 68,175 shares issued and outstanding at December 31, 2023 | 2,275,952 | 1,191,831 |
| Accumulated other comprehensive income (loss) | 963 | 977 |
| Accumulated deficit | (952,110) | (653,702) |
| Total stockholders’ equity | 1,324,805 | 539,106 |
| Total liabilities and stockholders’ equity | $1,434,592 | $635,353 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.