TScan Therapeutics, Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 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 12, 2025
TCRX$0.19+2.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(in thousands, except share and per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | ||||
| Collaboration and license revenue | $2,511 | $1,049 | $7,758 | $2,151 |
| Operating expenses: | ||||
| Research and development | 31,689 | 26,262 | 94,111 | 77,996 |
| General and administrative | 7,874 | 7,409 | 25,602 | 22,264 |
| Total operating expenses | 39,563 | 33,671 | 119,713 | 100,260 |
| Loss from operations | (37,052) | (32,622) | (111,955) | (98,109) |
| Other (expense) income: | ||||
| Interest and other income, net | 2,041 | 3,693 | 7,233 | 9,288 |
| Interest expense | (699) | (958) | (2,067) | (2,869) |
| Total other income | 1,342 | 2,735 | 5,166 | 6,419 |
| Net loss | $(35,710) | $(29,887) | $(106,789) | $(91,690) |
| Net loss per share, basic and diluted | $(0.28) | $(0.25) | $(0.82) | $(0.84) |
| Weighted average common shares outstanding—basic and diluted | 129,835,938 | 118,700,362 | 129,748,897 | 109,035,938 |
| Comprehensive loss: | ||||
| Net loss | $(35,710) | $(29,887) | $(106,789) | $(91,690) |
| Other comprehensive income (loss): | ||||
| Unrealized gain (loss) on available-for-sale securities | 6 | - | (49) | - |
| Comprehensive loss | $(35,704) | $(29,887) | $(106,838) | $(91,690) |
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