Viridian Therapeutics, Inc.\DE
For the period ended Sep 30, 2025. Filed Nov 5, 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 5, 2025
VRDN$30.86+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| License revenue | $70,000 | $— | $70,000 | $— |
| Collaboration revenue - related party | 570 | 86 | 717 | 230 |
| Total revenue | 70,570 | 86 | 70,717 | 230 |
| Operating expenses: | ||||
| Research and development | 86,261 | 69,158 | 249,721 | 166,294 |
| General and administrative | 24,322 | 14,408 | 61,642 | 45,499 |
| Total operating expenses | 110,583 | 83,566 | 311,363 | 211,793 |
| Loss from operations | (40,013) | (83,480) | (240,646) | (211,563) |
| Other income (expense): | ||||
| Interest income | 5,521 | 7,515 | 19,607 | 23,077 |
| Interest expense | (560) | (529) | (1,666) | (1,680) |
| Other income (expense), net | 453 | (195) | 459 | (58) |
| Total other income (expense), net | 5,414 | 6,791 | 18,400 | 21,339 |
| Net loss | $(34,599) | $(76,689) | $(222,246) | $(190,224) |
| Net loss per share, basic and diluted, common stock | $(0.34) | $(0.88) | $(2.22) | $(2.26) |
| Weighted-average common shares outstanding, basic and diluted | 81,784,499 | 66,420,063 | 81,576,987 | 63,800,798 |
| Net loss per share, basic and diluted, Series A convertible preferred stock | $(22.96) | $(58.99) | $(147.81) | $(150.57) |
| Weighted-average Series A convertible preferred shares outstanding, basic and diluted | 134,864 | 156,699 | 134,864 | 161,568 |
| Net loss per share, basic and diluted, Series B convertible preferred stock | $(22.96) | $(58.98) | $(147.81) | $(150.58) |
| Weighted-average Series B convertible preferred shares outstanding, basic and diluted | 145,160 | 147,218 | 145,160 | 144,763 |
| Comprehensive loss: | ||||
| Net loss | $(34,599) | $(76,689) | $(222,246) | $(190,224) |
| Other comprehensive income: | ||||
| Unrealized gain on available-for-sale securities | 294 | 1,475 | 373 | 594 |
| Total other comprehensive income | 294 | 1,475 | 373 | 594 |
| Comprehensive loss | $(34,305) | $(75,214) | $(221,873) | $(189,630) |
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