Metagenomi Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Power of Attorney (included on signature page)
POWER OF ATTORNEY AND SIGNATURES
KNOW ALL BY THESE PRESENT, that each individual whose signature appears below hereby constitutes and appoints each of
Jian Irish and Pamela Wapnick, as such person’s true and lawful attorney-in-fact and agent with full power of substitution and resubstitution, for such person in such person’s name, place and stead, in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the Securities and Exchange Commission, granting unto each said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as such person might or could do in person, hereby ratifying and confirming all that any said attorney-in-fact and agent, or any substitute or substitutes of any of them, may lawfully do or cause to be done by virtue hereof
Pursuant to the requirements of the Securities Act, this Annual Report on Form 10-K has been signed by the following persons in the capacities and on the dates indicated.
| NAME | TITLE | DATE |
|---|---|---|
| /s/ Jian Irish | President, Chief Executive Officer and Director | March 5, 2026 |
| Jian Irish, Ph.D., M.B.A. | (Principal Executive Officer) | |
| /s/ Pamela Wapnick | Chief Financial Officer | March 5, 2026 |
| Pamela Wapnick, M.B.A. | (Principal Financial Officer and Principal Accounting Officer) | |
| /s/ Willard Dere | Director, Chairman of the Board | March 5, 2026 |
| Willard Dere, M.D. | ||
| /s/ Eric Bjerkholt | Director | March 5, 2026 |
| Eric Bjerkholt, M.B.A. | ||
| /s/ Juergen Eckhardt | Director | March 5, 2026 |
| Juergen Eckhardt, M.D., M.B.A. | ||
| /s/ Laurence Reid | Director | March 5, 2026 |
| Laurence Reid, Ph.D. | ||
| /s/ Brian C. Thomas | Director | March 5, 2026 |
| Brian C. Thomas, Ph.D. | ||
INDEX TO FINANCIAL STATEMENTS
| Report of Independent Registered Public Accounting Firm (PCAOB ID 238) | F- |
|---|---|
| Balance Sheets as of December 31, 2025 and 2024 | F-3 |
| Statements of Operations and Comprehensive Loss for the Years Ended December 31, 2025 and 2024 | F-4 |
| Statements of Redeemable Convertible Preferred Stock and Stockholders’ Equity for the Years Ended December 31, 2025 and 2024 | F-5 |
| Statements of Cash Flows for the Years Ended December 31, 2025 and 2024 | F-6 |
| Notes to Financial Statements | F-7 |
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Stockholders of Metagenomi Therapeutics, Inc.
Opinion on the Financial Statements
We have audited the accompanying 2025 financial statements of Metagenomi Therapeutics, Inc. and the 2024 consolidated financial statements of Metagenomi Therapeutics, Inc, and its subsidiaries (collectively referred to as the “Company”), which comprise the balance sheets as of December 31, 2025 and 2024, and the related statements of operations and comprehensive loss, of redeemable convertible preferred stock and stockholders’ equity and of cash flows for the years then ended, including the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Emphasis of Matter
As discussed in Note 1 to the financial statements, the Company has incurred net operating losses and negative cash flows from operations. Management's evaluation and conditions related to this matter are described in Note 1.
/s/ PricewaterhouseCoopers LLP
San Jose, California
March 5, 2026
We have served as the Company’s auditor since 2022.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.