Instil 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	5.8	8.81	9.2	43.72	37.59	241.71
Short-Term Investments	73.87	104.51	141.16	217.2	416.51	-
Trading Asset Securities	-	-	1.06	2.2	-	-
Cash & Short-Term Investments	79.67	113.32	151.41	263.12	454.1	241.71
Cash Growth	-34.24%	-25.16%	-42.46%	-42.06%	87.87%	2617.41%
Prepaid Expenses	4.22	9.33	7.85	6.26	9.92	4.42
Restricted Cash	0.28	1.83	1.5	-	-	-
Other Current Assets	112.1	-	-	-	-	-
Total Current Assets	196.26	124.47	160.76	269.38	464.02	246.14
Property, Plant & Equipment	0.55	130.34	141.07	209.34	122	55.34
Long-Term Investments	3.44	-	23.16	-	-	-
Goodwill	-	-	-	-	5.72	5.72
Other Intangible Assets	-	-	-	-	10.1	10.1
Long-Term Deferred Charges	-	-	-	-	-	0.5
Other Long-Term Assets	11.51	8.76	0.64	3.41	8.14	1.21
Total Assets	211.77	263.57	325.63	482.13	609.98	319.01
Accounts Payable	0.93	0.66	1.21	2.36	5.57	3.5
Accrued Expenses	4.31	3.48	4.27	9.3	21.45	7.19
Current Portion of Leases	0.31	1.68	1.75	2.38	-	-
Current Income Taxes Payable	-	-	-	-	0.52	0.63
Other Current Liabilities	0.16	2.07	3.33	18.75	13.81	1.97
Total Current Liabilities	5.7	7.9	10.56	32.79	41.36	13.28
Long-Term Debt	84.61	84.19	81.43	72.35	-	-
Long-Term Leases	-	1.02	2.88	5.17	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	2.43	2.47
Other Long-Term Liabilities	1.04	1.03	4.94	8.21	11	10.89
Total Liabilities	91.35	94.13	99.8	118.52	54.78	26.65
Additional Paid-In Capital	839.33	824.78	807.16	788.99	757	5.61
Retained Earnings	-718.3	-655.12	-580.98	-424.89	-201.72	-44.92
Comprehensive Income & Other	-0.61	-0.23	-0.35	-0.49	-0.09	-0.28
Total Common Equity	120.42	169.44	225.83	363.61	555.2	-39.6
Shareholders' Equity	120.42	169.44	225.83	363.61	555.2	292.37
Total Liabilities & Equity	211.77	263.57	325.63	482.13	609.98	319.01
Total Debt	84.92	86.89	86.05	79.9	-	-
Net Cash (Debt)	-5.25	26.43	65.36	183.22	454.1	241.71
Net Cash Growth	-	-59.56%	-64.33%	-59.65%	87.87%	2617.41%
Net Cash Per Share	-0.79	4.06	10.05	28.29	85.68	302.18
Filing Date Shares Outstanding	6.78	6.53	6.5	6.5	6.46	0.86
Total Common Shares Outstanding	6.78	6.53	6.5	6.5	6.45	0.86
Working Capital	190.57	116.57	150.2	236.59	422.66	232.86
Book Value Per Share	17.76	25.96	34.72	55.91	86.06	-46.15
Tangible Book Value	120.42	169.44	225.83	363.61	539.37	-55.43
Tangible Book Value Per Share	17.76	25.96	34.72	55.91	83.61	-64.60
Land	-	31.24	31.24	31.24	31.24	31.24
Buildings	-	102.43	102.43	32.78	6.03	6.31
Machinery	0.51	0.51	11.14	32.89	17.98	10.46
Construction In Progress	-	-	-	104.12	67.88	6.33
Leasehold Improvements	-	-	1.42	4.34	1.84	1.31

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

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