Terns Pharmaceuticals, Inc. (TERN)

Terns Pharmaceuticals Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	-	-	-	-	1	-
Gross Profit	-	-	-	-	1	-
Selling, General & Admin	31.48	31.76	39.06	22.41	19.55	9
Research & Development	76.99	70.11	63.5	39.62	31.31	28.03
Operating Expenses	108.48	101.87	102.56	62.03	50.86	37.03
Operating Income	-108.48	-101.87	-102.56	-62.03	-49.86	-37.03
Interest & Investment Income	14.28	13.29	12.9	2.11	0.17	0.06
Other Non Operating Income (Expenses)	0	-0.01	-0.31	-0.07	0.04	0.1
EBT Excluding Unusual Items	-94.2	-88.59	-89.97	-59.99	-49.65	-36.87
Other Unusual Items	-	-	-	-	-	7.81
Pretax Income	-94.2	-88.59	-89.97	-59.99	-49.65	-29.06
Income Tax Expense	0.24	0.26	0.24	0.36	0.51	0.81
Earnings From Continuing Operations	-94.44	-88.85	-90.21	-60.35	-50.16	-29.87
Minority Interest in Earnings	-	-	-	-	-	0.52
Net Income	-94.44	-88.85	-90.21	-60.35	-50.16	-29.35
Net Income to Common	-94.44	-88.85	-90.21	-60.35	-50.16	-29.35
Shares Outstanding (Basic)	92	80	71	36	23	0
Shares Outstanding (Diluted)	92	80	71	36	23	0
Shares Change (YoY)	22.41%	11.58%	97.76%	58.69%	7862.47%	55.60%
EPS (Basic)	-1.03	-1.12	-1.27	-1.67	-2.21	-102.93
EPS (Diluted)	-1.03	-1.12	-1.27	-1.67	-2.21	-102.93
Free Cash Flow	-77.68	-70.06	-67.44	-49.38	-42.17	-30.39
Free Cash Flow Per Share	-0.85	-0.88	-0.95	-1.37	-1.86	-106.58
Gross Margin	-	-	-	-	100.00%	-
Operating Margin	-	-	-	-	-4986.00%	-
Profit Margin	-	-	-	-	-5015.80%	-
Free Cash Flow Margin	-	-	-	-	-4216.70%	-
EBITDA	-108.33	-101.55	-102.27	-61.55	-49.35	-36.63
D&A For EBITDA	0.14	0.32	0.29	0.48	0.51	0.39
EBIT	-108.48	-101.87	-102.56	-62.03	-49.86	-37.03

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

SEC Filings: 10-K · 10-Q