Crinetics Pharmaceuticals, Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 7, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Balance Sheets
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Condensed Consolidated Balance Sheets
(in thousands, except per share data)
| June 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $53,726 | $264,545 |
| Restricted cash | 500 | 500 |
| Investment securities, amortized cost of $1,140,985 at June 30, 2025 and $1,088,561 at December 31, 2024 | 1,142,634 | 1,089,524 |
| Prepaid expenses and other current assets | 20,404 | 20,819 |
| Total current assets | 1,217,264 | 1,375,388 |
| Property and equipment, net | 14,670 | 12,068 |
| Operating lease right-of-use assets | 41,902 | 43,507 |
| Restricted cash, net of current portion | 800 | 800 |
| Prepaid expenses and other assets, net of current portion | 14,938 | 2,829 |
| Total assets | $1,289,574 | $1,434,592 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $38,086 | $21,469 |
| Accrued compensation and related expenses | 21,796 | 28,887 |
| Deferred revenue | 1,904 | 2,176 |
| Operating lease liabilities | 6,610 | 7,152 |
| Total current liabilities | 68,396 | 59,684 |
| Operating lease liabilities, non-current | 43,326 | 44,570 |
| Deferred revenue, non-current | 3,992 | 4,704 |
| Other liabilities | 2,334 | 829 |
| Total liabilities | 118,048 | 109,787 |
| Commitments and contingencies (Note 6) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par; 10,000 shares authorized; no shares issued or outstanding at June 30, 2025 or December 31, 2024 | — | — |
| Common stock and paid-in capital, $0.001 par; 200,000 shares authorized; 94,126 shares issued and outstanding at June 30, 2025; 92,926 shares issued and outstanding at December 31, 2024 | 2,334,538 | 2,275,952 |
| Accumulated other comprehensive income | 1,621 | 963 |
| Accumulated deficit | (1,164,521) | (952,110) |
| Stock held in trust | (112) | — |
| Total stockholders’ equity | 1,171,526 | 1,324,805 |
| Total liabilities and stockholders’ equity | $1,289,574 | $1,434,592 |
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