Lineage Cell Therapeutics, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 2025
LCTX$1.04-3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(IN THOUSANDS, EXCEPT PER SHARE DATA)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| REVENUES: | ||||
| Collaboration revenues | $3,544 | $3,386 | $7,346 | $5,671 |
| Royalties, license and other revenues | 137 | 393 | 602 | 960 |
| Total revenues | 3,681 | 3,779 | 7,948 | 6,631 |
| OPERATING EXPENSES: | ||||
| Cost of royalties | 5 | 38 | 80 | 180 |
| Research and development | 3,271 | 3,171 | 9,491 | 9,049 |
| General and administrative | 4,191 | 4,410 | 13,608 | 13,770 |
| Loss on impairment of intangible asset (Note 6 and Note 13) | — | — | 14,840 | — |
| Total operating expenses | 7,467 | 7,619 | 38,019 | 22,999 |
| Loss from operations | (3,786) | (3,840) | (30,071) | (16,368) |
| OTHER INCOME (EXPENSES): | ||||
| Interest income, net | 366 | 397 | 1,298 | 1,322 |
| Gain (loss) on marketable equity securities, net | 6 | (6) | (1) | (21) |
| Change in fair value of warrant liability | (26,557) | — | (36,992) | — |
| Foreign currency transaction gain (loss), net | 219 | 448 | 1,666 | (284) |
| Other income (expense), net | — | — | (159) | 19 |
| Total other income (expenses) | (25,966) | 839 | (34,188) | 1,036 |
| NET LOSS | (29,752) | (3,001) | (64,259) | (15,332) |
| Net (income) loss attributable to noncontrolling interest | (29) | (33) | (125) | (4) |
| NET LOSS ATTRIBUTABLE TO LINEAGE | $(29,781) | $(3,034) | $(64,384) | $(15,336) |
| Net loss per common share attributable to Lineage basic and diluted | $(0.13) | $(0.02) | $(0.28) | $(0.08) |
| Weighted-average common shares used to compute basic and diluted net loss per common share | 228,853 | 188,835 | 227,765 | 186,860 |
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