Rallybio 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	32.12	13.9	24.49	56.96	175.33	140.23
Short-Term Investments	27.2	51.61	85.44	112.04	-	-
Cash & Short-Term Investments	59.32	65.51	109.93	168.99	175.33	140.23
Cash Growth	-21.05%	-40.41%	-34.95%	-3.62%	25.03%	620.70%
Prepaid Expenses	0.84	0.64	0.74	1.55	1.84	1.03
Other Current Assets	6.47	1.69	4.12	8.95	3.7	-
Total Current Assets	66.63	67.84	114.79	179.5	180.87	141.26
Property, Plant & Equipment	0.22	0.27	0.59	0.91	0.51	0.29
Long-Term Investments	-	-	0.24	0.03	0.81	0.31
Total Assets	67.66	68.11	115.62	180.44	182.19	141.86
Accounts Payable	0.27	0.28	0.98	1.11	0.6	1.58
Accrued Expenses	3.74	4.96	8.07	9.45	5.95	3.27
Current Portion of Leases	0.09	0.15	0.22	0.18	-	-
Current Unearned Revenue	0.42	0.85	-	-	-	-
Other Current Liabilities	-	-	-	-	-	0.99
Total Current Liabilities	4.52	6.24	9.26	10.74	6.55	5.84
Long-Term Leases	0.11	-	0.17	0.37	-	-
Long-Term Unearned Revenue	-	0.21	-	-	-	-
Other Long-Term Liabilities	-	-	-	-	0.03	0.01
Total Liabilities	4.63	6.45	9.44	11.12	6.58	5.86
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	359.15	354.6	341.41	330.21	269.63	183.02
Retained Earnings	-296.15	-293.02	-235.25	-160.68	-94.03	-47.01
Comprehensive Income & Other	0.02	0.07	0.02	-0.21	-	-
Total Common Equity	63.03	61.65	106.18	169.32	175.6	136
Shareholders' Equity	63.03	61.65	106.18	169.32	175.6	136
Total Liabilities & Equity	67.66	68.11	115.62	180.44	182.19	141.86
Total Debt	0.2	0.15	0.39	0.56	-	-
Net Cash (Debt)	59.12	65.36	109.54	168.44	175.33	140.23
Net Cash Growth	-21.08%	-40.33%	-34.97%	-3.93%	25.03%	620.70%
Net Cash Per Share	10.55	12.01	21.67	42.35	54.97	64.52
Filing Date Shares Outstanding	5.28	5.2	4.73	4.76	4.02	5.7
Total Common Shares Outstanding	5.24	5.19	4.73	4.73	4.02	5.7
Working Capital	62.11	61.6	105.53	168.75	174.32	135.42
Book Value Per Share	12.02	11.88	22.46	35.80	43.72	23.86
Tangible Book Value	63.03	61.65	106.18	169.32	175.6	136
Tangible Book Value Per Share	12.02	11.88	22.46	35.80	43.72	23.86
Machinery	-	0.34	0.34	0.33	0.31	0.11
Construction In Progress	-	-	-	-	0.01	-
Leasehold Improvements	-	0.34	0.34	0.34	0.32	0.18

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

SEC Filings: 10-K · 10-Q