Tectonic Therapeutic Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	253.8	141.24	28.77	35.97	28.06
Cash & Short-Term Investments	253.8	141.24	28.77	35.97	28.06
Cash Growth	79.69%	390.94%	-20.01%	28.16%	88435.19%
Prepaid Expenses	2.97	5.62	2.12	1.08	0.56
Restricted Cash	0.59	-	-	-	-
Total Current Assets	257.36	146.86	30.88	37.04	28.62
Property, Plant & Equipment	2.55	5.31	7.23	9.55	3.66
Long-Term Deferred Charges	-	-	0.67	-	-
Other Long-Term Assets	1.13	0.74	0.62	0.61	0.6
Total Assets	261.04	152.91	39.4	47.21	32.88
Accounts Payable	1.09	0.98	0.41	0.57	1.81
Accrued Expenses	7.34	7.85	8.14	5.32	1.31
Current Portion of Leases	1.23	2.78	1.82	1.45	0.36
Current Unearned Revenue	-	-	-	-	0.01
Other Current Liabilities	-	-	30.52	0.5	0.64
Total Current Liabilities	9.67	11.61	40.89	7.84	4.12
Long-Term Leases	0.04	0.52	2.52	4.34	0.7
Long-Term Unearned Revenue	-	-	-	-	0.41
Other Long-Term Liabilities	-	-	-	0.06	-
Total Liabilities	9.71	12.13	43.41	12.24	5.23
Common Stock	0	0	-	-	-
Additional Paid-In Capital	474.16	289.35	5.98	2.13	0.64
Retained Earnings	-222.74	-148.59	-90.6	-47.78	-15.6
Comprehensive Income & Other	-0.1	0.01	-0.01	-	-
Total Common Equity	251.33	140.78	-84.64	-45.65	-14.96
Shareholders' Equity	251.33	140.78	-4.01	34.97	27.65
Total Liabilities & Equity	261.04	152.91	39.4	47.21	32.88
Total Debt	1.28	3.3	4.34	5.79	1.06
Net Cash (Debt)	252.52	137.94	24.43	30.17	27.01
Net Cash Growth	83.07%	464.71%	-19.05%	11.72%	-
Net Cash Per Share	13.78	16.25	19.26	11.95	-
Filing Date Shares Outstanding	18.78	18.66	2.63	2.53	-
Total Common Shares Outstanding	18.74	14.86	2.63	2.53	-
Working Capital	247.69	135.25	-10	29.21	24.5
Book Value Per Share	13.41	9.48	-32.13	-18.08	-
Tangible Book Value	251.33	140.78	-84.64	-45.65	-14.96
Tangible Book Value Per Share	13.41	9.48	-32.13	-18.08	-
Machinery	-	4.87	4.92	4.41	3.69
Construction In Progress	-	-	0.04	0.05	0.34
Leasehold Improvements	-	0.03	0.03	0.03	0.04

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q