Fulcrum Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
FULC$3.72+0.5%Stored close · as of Nov 9, 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 amounts)
| December 31,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $197,533 | $58,212 |
| Marketable securities | 154,773 | 182,809 |
| Unbilled accounts receivable | — | 2,096 |
| Prepaid expenses and other current assets | 5,174 | 6,806 |
| Total current assets | 357,480 | 249,923 |
| Property and equipment, net | 2,824 | 3,900 |
| Operating lease right-of-use assets | 4,241 | 5,684 |
| Restricted cash | 1,201 | 1,201 |
| Other assets | 538 | 10 |
| Total assets | $366,284 | $260,718 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $1,592 | $1,164 |
| Accrued expenses and other current liabilities | 9,052 | 7,694 |
| Operating lease liability, current | 2,404 | 2,186 |
| Total current liabilities | 13,048 | 11,044 |
| Operating lease liability, excluding current portion | 4,039 | 6,443 |
| Other liabilities, excluding current portion | 197 | 197 |
| Total liabilities | 17,284 | 17,684 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding | — | — |
| Common stock, $0.001 par value; 200,000,000 shares authorized; 66,578,891 and 53,968,303 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 67 | 54 |
| Additional paid-in capital | 943,037 | 762,248 |
| Accumulated other comprehensive gain | 174 | 130 |
| Accumulated deficit | (594,278) | (519,398) |
| Total stockholders’ equity | 349,000 | 243,034 |
| Total liabilities and stockholders’ equity | $366,284 | $260,718 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.