SAB Biotherapeutics, Inc.
For the period ended Sep 30, 2025. Filed Nov 14, 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 14, 2025
SABS$3.10+2.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
| September 30,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $29,424,708 | $8,897,966 |
| Short-term investments | 81,455,925 | 11,862,746 |
| Accrued interest receivable | 559,954 | 54,955 |
| Prepaid expenses and other current assets | 1,836,160 | 2,976,562 |
| Total current assets | 113,276,747 | 23,792,229 |
| Deferred issuance cost | — | 261,105 |
| Long-term prepaid assets | 124,073 | 220,997 |
| Long-term investments | 50,608,587 | — |
| Operating lease right-of-use assets | 2,806,904 | 970,294 |
| Financing lease right-of-use assets | 3,517,718 | 3,582,835 |
| Property, plant and equipment, net | 13,114,339 | 15,368,009 |
| Total assets | $183,448,368 | $44,195,469 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Notes payable | $— | $275,849 |
| Accounts payable | 2,954,985 | 1,694,722 |
| Accrued expenses and other current liabilities | 6,850,015 | 5,473,036 |
| Operating lease liabilities, current portion | 837,286 | 393,430 |
| Finance lease liabilities, current portion | 151,033 | 142,563 |
| Total current liabilities | 10,793,319 | 7,979,600 |
| Operating lease liabilities, noncurrent | 2,037,461 | 581,148 |
| Finance lease liabilities, noncurrent | 3,161,562 | 3,275,919 |
| Warrant liabilities | 2,381,677 | 6,389,226 |
| Total liabilities | 18,374,019 | 18,225,893 |
| Commitments and contingencies (Note 18) | ||
| Stockholders’ equity | ||
| Series A Preferred stock; $0.0001 par value; 10,000,000 shares authorized, 29,091 and 42,019 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively | 3 | 5 |
| Series B Preferred stock; $0.0001 par value; 2,928,570 shares authorized, 638,558 shares issued and outstanding at September 30, 2025 and 0 shares issued and outstanding as of December 31, 2024 | 64 | — |
| Common stock; $0.0001 par value; 800,000,000 shares authorized at September 30, 2025 and December 31, 2024; 47,548,659 and 9,343,533 shares issued at September 30, 2025 and December 31, 2024, respectively, and 47,493,994 and 9,288,868 outstanding at September 30, 2025 and December 31, 2024, respectively | 4,756 | 935 |
| Treasury stock, at cost; 54,665 shares held at September 30, 2025 and December 31, 2024, respectively | (5,521,246) | (5,521,246) |
| Additional paid-in capital | 264,553,973 | 155,794,142 |
| Accumulated other comprehensive income (loss) | 71,223 | (135,410) |
| Accumulated deficit | (94,034,424) | (124,168,850) |
| Total stockholders’ equity | 165,074,349 | 25,969,576 |
| Total liabilities and stockholders’ equity | $183,448,368 | $44,195,469 |
See accompanying notes to the condensed consolidated financial statements
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