Skip to main content

Beam Therapeutics Inc

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 25, 2025

BEAM$26.41+2.1%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits
Contents

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

For the fiscal year ended December 31,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO

Commission File Number 001-39208

(Exact name of Registrant as specified in its Charter)

Delaware81-5238376
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)
238 Main StreetCambridge, MA02142
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code:857-327-8775

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTradingSymbol(s)Name of each exchangeon which registered
Common Stock, par value $0.01 per shareBEAMNasdaq Global Select Market

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No☐

Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes☐ No ☒

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

The aggregate market value of the voting and non-voting common stock held by non-affiliates of the registrant was$1.91 billion, based on the closing price of the registrant’s common stock on Nasdaq on June 28, 2024, the last business day of the registrant’s most recently completed second quarter.

The number of shares of registrant’s common stock outstan ding as of February 18, 2025 was 83,688,295.

DOCUMENTS INCORPORATED BY REFERENCE

Registrant incorporates by reference into Part III (Items 10, 11, 12, 13 and 14) of this Annual Report on Form 10-K portions of the Registrant’s definitive Proxy Statement for the 2025 Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission pursuant to Regulation 14A.

Table of Contents

Page
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS1
TRADEMARKS2
MARKET AND INDUSTRY DATA2
RISK FACTORS SUMMARY3
PART I
Item 1.Business5
Item 1A.Risk Factors45
Item 1B.Unresolved Staff Comments106
Item 1C.Cybersecurity107
Item 2.Properties107
Item 3.Legal Proceedings107
Item 4.Mine Safety Disclosures107
PART II
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities108
Item 6.[Reserved]110
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations111
Item 7A.Quantitative and Qualitative Disclosures About Market Risk123
Item 8.Financial Statements and Supplementary Data123
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure123
Item 9A.Controls and Procedures123
Item 9B.Other Information126
Item 9CDisclosure Regarding Foreign Jurisdictions That Prevent Inspections126
PART III
Item 10.Directors, Executive Officers and Corporate Governance127
Item 11.Executive Compensation127
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters127
Item 13.Certain Relationships and Related Transactions, and Director Independence127
Item 14.Principal Accounting Fees and Services127
PART IV
Item 15.Exhibits, Financial Statement Schedules128
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.