Nuvation Bio Inc.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
NUVB$4.16-0.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and per share data)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $47,977 | $35,723 |
| Accounts receivable, net of allowance for credit loss of $nil | 409 | 12,722 |
| Inventory | 14 | — |
| Prepaid expenses and other current assets | 8,415 | 7,271 |
| Marketable securities | 413,699 | 466,969 |
| Interest receivable on marketable securities | 5,053 | 3,570 |
| Total current assets | 475,567 | 526,255 |
| Property and equipment, net of accumulated depreciation of $971 and $874, respectively | 562 | 586 |
| Intangible assets, net of accumulated amortization of $660 and $448, respectively | 4,410 | 4,622 |
| Operating lease right-of-use assets | 5,334 | 2,402 |
| Other non-current assets | 6,616 | 6,761 |
| Total assets | $492,489 | $540,626 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $10,537 | $6,348 |
| Current operating lease liabilities | 1,889 | 1,663 |
| Contract liabilities, current portion | 10,769 | 11,117 |
| Short-term borrowings | 5,685 | 6,283 |
| Accrued expenses | 23,892 | 32,833 |
| Total current liabilities | 52,772 | 58,244 |
| Warrant liability | 2,804 | 2,053 |
| Contract liabilities, net of current portion | 13,614 | 15,572 |
| Non-current operating lease liabilities | 3,839 | 969 |
| Total liabilities | 73,029 | 76,838 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity | ||
| Class A and Class B common stock and additional paid in capital, $0.0001 par value per share; 1,060,000,000 (Class A 1,000,000,000, Class B 60,000,000) shares authorized as of March 31, 2025 and December 31, 2024 respectively, 339,840,425 (Class A 338,840,425, Class B 1,000,000) and 337,837,872 (Class A 336,837,872, Class B 1,000,000) shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 1,382,894 | 1,373,958 |
| Accumulated deficit | (963,979) | (910,743) |
| Accumulated other comprehensive income | 545 | 573 |
| Total stockholders’ equity | 419,460 | 463,788 |
| Total liabilities and stockholders’ equity | $492,489 | $540,626 |
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