Passage 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	52.77	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	52.77	76.76	114.29	189.61	315.77	304.82
Cash Growth	-37.79%	-32.84%	-39.72%	-39.95%	3.59%	91.86%
Prepaid Expenses	1.64	0.84	0.92	0.93	1.73	1.41
Other Current Assets	1.32	1.22	2.74	6.51	7.57	10.96
Total Current Assets	55.73	78.82	117.96	197.04	325.07	317.18
Property, Plant & Equipment	18.16	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	74.16	102.41	150.55	243.55	355.08	328.01
Accounts Payable	0.95	0.74	1.3	4.07	9.45	5.27
Accrued Expenses	4	6.71	9.67	10.93	19.39	15.37
Current Portion of Leases	3.54	3.69	3.37	3.28	-	-
Other Current Liabilities	13.75	8.23	2	0.09	0.66	0.54
Total Current Liabilities	22.25	19.36	16.34	18.35	29.5	21.18
Long-Term Leases	20.8	21.79	22.92	23.83	-	-
Other Long-Term Liabilities	-	-	-	-	6.92	2.12
Total Liabilities	43.04	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	722.89	720.48	705.79	694.73	675.35	475.62
Retained Earnings	-691.77	-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	31.12	61.26	111.28	201.37	318.66	304.71
Shareholders' Equity	31.12	61.26	111.28	201.37	318.66	304.71
Total Liabilities & Equity	74.16	102.41	150.55	243.55	355.08	328.01
Total Debt	24.34	25.48	26.29	27.11	-	-
Net Cash (Debt)	28.44	51.28	88	162.5	315.77	304.82
Net Cash Growth	-51.81%	-41.73%	-45.85%	-48.54%	3.59%	91.86%
Net Cash Per Share	9.15	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	33.49	59.45	101.62	178.69	295.57	296.01
Book Value Per Share	9.79	19.74	40.51	73.74	117.49	133.60
Tangible Book Value	31.12	61.26	111.28	201.37	318.66	304.71
Tangible Book Value Per Share	9.79	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 Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q