GH Research Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	249.65	100.79	78.42	165.96	276.78	5.9
Short-Term Investments	38.85	29.15	27.53	-	-	-
Trading Asset Securities	-	19.39	55.62	-	-	-
Cash & Short-Term Investments	288.51	149.32	161.56	165.96	276.78	5.9
Cash Growth	92.29%	-7.57%	-2.65%	-40.04%	4595.10%	1083.74%
Other Receivables	-	1.73	0.3	0.09	0.05	0.01
Receivables	-	1.73	0.3	0.09	0.05	0.01
Prepaid Expenses	-	3.17	2.23	2.45	3.01	0.01
Other Current Assets	6.28	-	-	0.05	0.01	0.01
Total Current Assets	294.79	154.23	164.09	168.54	279.84	5.91
Property, Plant & Equipment	0.69	0.75	1.07	0.1	0.08	-
Long-Term Investments	5.38	33.3	61.14	85.72	-	-
Total Assets	302.02	188.27	226.3	254.36	279.92	5.91
Accounts Payable	3.84	3.74	3.49	1.87	0.88	-
Accrued Expenses	-	4.25	2.67	2.58	1.79	0.25
Current Portion of Leases	0.37	0.26	0.34	-	-	-
Other Current Liabilities	6.21	0.7	0.2	0.1	0.07	-
Total Current Liabilities	10.41	8.95	6.7	4.55	2.75	0.25
Long-Term Leases	0.22	0.37	0.63	-	-	-
Total Liabilities	10.63	9.32	7.33	4.55	2.75	0.25
Common Stock	1.55	1.3	1.3	1.3	1.3	0.87
Additional Paid-In Capital	431.06	291.46	291.46	291.45	304.41	5.43
Retained Earnings	-140.29	-106.45	-67.94	-32.49	-10.04	-0.84
Comprehensive Income & Other	-0.93	-7.37	-5.86	-10.44	-18.5	0.2
Shareholders' Equity	291.4	178.95	218.97	249.82	277.18	5.67
Total Liabilities & Equity	302.02	188.27	226.3	254.36	279.92	5.91
Total Debt	0.58	0.62	0.97	-	-	-
Net Cash (Debt)	293.3	182	221.73	251.68	276.78	5.9
Net Cash Growth	51.88%	-17.92%	-11.90%	-9.07%	4595.10%	1083.74%
Net Cash Per Share	5.01	3.50	4.26	4.84	6.34	0.21
Filing Date Shares Outstanding	62.03	52.03	52.03	52.02	52.02	28.36
Total Common Shares Outstanding	62.03	52.03	52.03	52.02	52.02	28.36
Working Capital	284.38	145.27	157.39	164	277.09	5.67
Book Value Per Share	4.70	3.44	4.21	4.80	5.33	0.20
Tangible Book Value	291.4	178.95	218.97	249.82	277.18	5.67
Tangible Book Value Per Share	4.70	3.44	4.21	4.80	5.33	0.20
Machinery	-	0.29	0.26	0.16	0.1	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q