Nuvalent 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	115.75	145.69	335.39	241.81	68.53	10.33
Short-Term Investments	827.35	972.61	384.52	230.36	219.59	-
Cash & Short-Term Investments	943.1	1,118	719.91	472.16	288.11	10.33
Cash Growth	-19.28%	55.34%	52.47%	63.88%	2688.53%	242.57%
Prepaid Expenses	13.84	14.15	6.58	5.83	2.52	0.31
Total Current Assets	956.95	1,132	726.49	477.99	290.63	10.65
Other Long-Term Assets	22.97	9.3	5.9	4.47	3.2	-
Total Assets	979.91	1,142	732.38	482.46	293.82	10.65
Accounts Payable	22.01	5.23	9.27	7.2	2.89	1.25
Accrued Expenses	67.14	48.8	22.55	12.29	5.89	1.17
Other Current Liabilities	-	-	-	-	-	1.96
Total Current Liabilities	89.15	54.02	31.82	19.48	8.79	4.38
Long-Term Debt	-	-	-	-	-	2.24
Other Long-Term Liabilities	45.36	17.94	-	-	-	-
Total Liabilities	134.51	71.96	31.82	19.48	8.79	6.62
Common Stock	0.01	0.01	0.01	0.01	0.01	-
Additional Paid-In Capital	1,697	1,617	986.82	623.54	363.48	0.84
Retained Earnings	-853.72	-547.05	-286.3	-160.08	-78.22	-31.89
Comprehensive Income & Other	2.37	-0.06	0.03	-0.49	-0.23	-0.28
Total Common Equity	845.4	1,070	700.56	462.98	285.04	-31.32
Shareholders' Equity	845.4	1,070	700.56	462.98	285.04	4.03
Total Liabilities & Equity	979.91	1,142	732.38	482.46	293.82	10.65
Total Debt	-	-	-	-	-	2.24
Net Cash (Debt)	943.1	1,118	719.91	472.16	288.11	8.1
Net Cash Growth	-19.28%	55.34%	52.47%	63.88%	3458.24%	860.50%
Net Cash Per Share	13.15	16.84	12.36	9.51	13.23	2.82
Filing Date Shares Outstanding	72.71	71.6	64.07	56.7	48.31	3.13
Total Common Shares Outstanding	72.27	71.34	64.07	56.67	48.3	3.13
Working Capital	867.79	1,078	694.67	458.51	281.84	6.27
Book Value Per Share	11.70	14.99	10.94	8.17	5.90	-10.01
Tangible Book Value	845.4	1,070	700.56	462.98	285.04	-31.32
Tangible Book Value Per Share	11.70	14.99	10.94	8.17	5.90	-10.01

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

SEC Filings: 10-K · 10-Q