Passage Bio, Inc. (PASG)

Passage Bio Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	57.63	37.57	21.71	34.6	128.97	135
Short-Term Investments	-	39.18	92.59	155.01	186.81	169.82
Cash & Short-Term Investments	57.63	76.76	114.29	189.61	315.77	304.82
Cash Growth	-37.21%	-32.84%	-39.72%	-39.95%	3.59%	91.86%
Prepaid Expenses	1.4	0.84	0.92	0.93	1.73	1.41
Other Current Assets	1.29	1.22	2.74	6.51	7.57	10.96
Total Current Assets	60.32	78.82	117.96	197.04	325.07	317.18
Property, Plant & Equipment	18.61	23.13	32.15	42.24	23.81	2.8
Other Long-Term Assets	0.27	0.46	0.43	4.27	6.2	8.03
Total Assets	79.2	102.41	150.55	243.55	355.08	328.01
Accounts Payable	2.4	0.74	1.3	4.07	9.45	5.27
Accrued Expenses	4.07	6.71	9.67	10.93	19.39	15.37
Current Portion of Leases	3.59	3.69	3.37	3.28	-	-
Other Current Liabilities	9.74	8.23	2	0.09	0.66	0.54
Total Current Liabilities	19.8	19.36	16.34	18.35	29.5	21.18
Long-Term Leases	21.14	21.79	22.92	23.83	-	-
Other Long-Term Liabilities	-	-	-	-	6.92	2.12
Total Liabilities	40.94	41.15	39.26	42.18	36.42	23.29
Common Stock	-	0.01	0.01	0.01	0.01	0
Additional Paid-In Capital	722.28	720.48	705.79	694.73	675.35	475.62
Retained Earnings	-684.03	-659.24	-594.47	-492.41	-356.28	-170.9
Comprehensive Income & Other	-	0.01	-0.04	-0.97	-0.41	-0.01
Total Common Equity	38.26	61.26	111.28	201.37	318.66	304.71
Shareholders' Equity	38.26	61.26	111.28	201.37	318.66	304.71
Total Liabilities & Equity	79.2	102.41	150.55	243.55	355.08	328.01
Total Debt	24.73	25.48	26.29	27.11	-	-
Net Cash (Debt)	32.9	51.28	88	162.5	315.77	304.82
Net Cash Growth	-49.87%	-41.73%	-45.85%	-48.54%	3.59%	91.86%
Net Cash Per Share	10.61	16.98	32.15	59.71	118.39	157.87
Filing Date Shares Outstanding	3.18	3.11	2.78	2.73	2.71	2.69
Total Common Shares Outstanding	3.18	3.1	2.75	2.73	2.71	2.28
Working Capital	40.51	59.45	101.62	178.69	295.57	296.01
Book Value Per Share	12.04	19.74	40.51	73.74	117.49	133.60
Tangible Book Value	38.26	61.26	111.28	201.37	318.66	304.71
Tangible Book Value Per Share	12.04	19.74	40.51	73.74	117.49	133.60
Machinery	1.51	11.67	11.68	12.87	12.05	0.78
Construction In Progress	-	-	0.64	1.29	0.82	1.31
Leasehold Improvements	7.39	7.39	10.21	13.51	13.41	1.64

Updated Aug 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q