Mustang Bio 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	18.98	6.84	6.23	75.66	109.62	97.8
Cash & Short-Term Investments	18.98	6.84	6.23	75.66	109.62	97.8
Cash Growth	438.55%	9.71%	-91.76%	-30.98%	12.08%	59.26%
Other Receivables	0.22	0.4	3.88	0.3	0.05	0.02
Receivables	0.22	0.4	3.88	0.3	0.05	0.02
Prepaid Expenses	0.16	0.2	1.23	2.9	2.04	1.72
Other Current Assets	-	1.17	-	-	-	-
Total Current Assets	19.36	8.61	11.35	78.85	111.71	99.53
Property, Plant & Equipment	-	0.45	4.81	12.31	12.1	9.12
Other Long-Term Assets	-	0.25	1.58	1.26	1.36	1.25
Total Assets	19.36	9.31	17.74	92.42	125.17	109.9
Accounts Payable	4.99	7.46	6.32	6.83	3.51	3.52
Accrued Expenses	2.98	3.09	7.79	7.02	6.4	5.36
Current Portion of Leases	-	0.46	0.52	0.61	0.35	0.28
Other Current Liabilities	1.47	1.6	0.74	0.65	0.55	0.36
Total Current Liabilities	9.44	12.61	15.37	15.11	10.82	9.52
Long-Term Debt	-	-	-	27.44	-	-
Long-Term Leases	-	0.42	1.98	3.33	1.69	1.95
Long-Term Unearned Revenue	0.15	0.15	0.27	0.27	0.27	-
Total Liabilities	9.59	13.18	17.62	46.15	12.77	11.47
Common Stock	0	0.01	0	0.01	0.01	0.01
Additional Paid-In Capital	407.88	392.23	380.5	374.52	359.91	275.96
Retained Earnings	-398.11	-396.72	-380.97	-329.37	-251.84	-185.47
Comprehensive Income & Other	-	0.61	0.59	1.11	4.33	7.94
Shareholders' Equity	9.77	-3.87	0.12	46.27	112.4	98.44
Total Liabilities & Equity	19.36	9.31	17.74	92.42	125.17	109.9
Total Debt	-	0.88	2.5	31.38	2.03	2.23
Net Cash (Debt)	18.98	5.96	3.74	44.27	107.59	95.58
Net Cash Growth	646.81%	59.56%	-91.56%	-58.85%	12.57%	108.30%
Net Cash Per Share	5.34	9.78	21.72	288.07	918.12	1363.07
Filing Date Shares Outstanding	7.3	3.3	1.03	0.99	0.98	0.96
Total Common Shares Outstanding	7.3	1.83	1.01	0.99	0.97	0.94
Working Capital	9.92	-4	-4.03	63.74	100.89	90.02
Book Value Per Share	1.34	-2.12	0.12	46.90	115.90	104.77
Tangible Book Value	9.77	-3.87	0.12	46.27	112.4	98.44
Tangible Book Value Per Share	1.34	-2.12	0.12	46.90	115.90	104.77
Machinery	-	-	-	9.15	7.07	6
Construction In Progress	-	-	0.03	0.95	2.03	0.5
Leasehold Improvements	-	5.52	7.69	7.69	7.69	5.1

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

SEC Filings: 10-K · 10-Q