PRECIGEN, INC.

For the period ended Jun 30, 2026. Filed Aug 4, 2026.

About this filing

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.

Jun 30, 2026 · Filed Aug 4, 2026

PGEN$4.52-4.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheets as of and

Condensed Consolidated Balance Sheets

(Amounts in thousands, except share data)	June 30,2026	December 31,2025
Assets
Current assets
Cash and cash equivalents	$16,329	$30,234
Short-term investments	21,879	67,624
Receivables
Trade, less allowance for credit losses of $0 as of June 30, 2026 and December 31, 2025	71,866	3,916
Other	178	446
Inventory	20,245	9,581
Prepaid expenses and other	3,887	3,434
Total current assets	134,384	115,235
Long-term investments	490	2,511
Property, plant and equipment, net	12,802	13,758
Intangible assets, net	2,545	3,182
Goodwill	15,232	15,232
Right-of-use assets	4,135	4,679
Other assets	708	908
Total assets	$170,296	$155,505

Condensed Consolidated Balance Sheets

(Amounts in thousands, except share data)	June 30,2026	December 31,2025
Liabilities and Shareholders' Equity
Current liabilities
Accounts payable	$5,304	$11,985
Accrued compensation and benefits	6,498	10,199
Other accrued liabilities	16,212	10,993
Indemnification accruals	—	2,476
Deferred revenue	284	517
Current portion of lease liabilities	1,055	1,136
Total current liabilities	29,353	37,306
Long-term debt	93,880	93,174
Lease liabilities, net of current portion	3,410	3,980
Other long-term liabilities	77	134
Total liabilities	126,720	134,594
Commitments and contingencies (Note 14)
Shareholders' equity
Common stock, no par value, 700,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 358,008,798 shares and 353,910,926 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively.	—	—
Additional paid-in capital	2,372,811	2,362,252
Accumulated deficit	(2,329,206)	(2,341,348)
Accumulated other comprehensive (loss) income	(29)	7
Total shareholders' equity	43,576	20,911
Total liabilities and shareholders' equity	$170,296	$155,505

Condensed Consolidated Statements of Operations

(Amounts in thousands, except share and per share data) · Three Months Ended June 30, · Six Months Ended June 30,
2026 · 2025 · 2026 · 2025
Revenues
Product revenues, net	$53,262	$41	$75,090	$244
Service revenues	1,716	815	3,140	1,953
Total revenues	54,978	856	78,230	2,197
Operating Expenses
Cost of products and services	2,805	1,092	5,364	2,192
Research and development	7,282	11,488	12,920	21,966
Selling, general and administrative	22,249	16,133	43,298	28,492
Impairment of goodwill	—	3,907	—	3,907
Total operating expenses	32,336	32,620	61,582	56,557
Operating income (loss)	22,642	(31,764)	16,648	(54,360)
Other Income (Expense), Net
Change in fair value of warrant liabilities	—	4,460	—	(28,021)
Interest expense	(2,953)	—	(5,861)	(1)
Interest income	366	696	1,049	1,614
Other income (expense), net	16	(31)	306	(24)
Total other income (expense), net	(2,571)	5,125	(4,506)	(26,432)
Income (loss) before income taxes	20,071	(26,639)	12,142	(80,792)
Income tax expense	—	(3)	—	(3)
Net Income (loss)	$20,071	$(26,642)	$12,142	$(80,795)
Net income (loss) per share
Net income (loss) per share, basic	$0.06	$(0.09)	$0.03	$(0.27)
Net income (loss) per share, diluted	$0.05	$(0.09)	$0.03	$(0.27)
Weighted average shares outstanding, basic	356,893,568	296,434,726	355,599,477	295,164,303
Weighted average shares outstanding, diluted	413,686,865	296,434,726	412,552,647	295,164,303

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.