Foghorn Therapeutics Inc
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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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, 2024 · Filed Nov 4, 2024
FHTX$1.87-1.8%Stored close · as of Nov 6, 2026
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Condensed Consolidated Balance Sheets
(In thousands, except share and per share amounts)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $57,678 | $80,336 |
| Marketable securities | 209,719 | 153,721 |
| Prepaid expenses and other current assets | 3,837 | 6,124 |
| Total current assets | 271,234 | 240,181 |
| Property and equipment, net | 10,513 | 12,956 |
| Restricted cash | 1,708 | 1,708 |
| Other assets | 848 | 1,115 |
| Operating lease right-of-use assets | 24,069 | 29,956 |
| Total assets | $308,372 | $285,916 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable | $3,451 | $6,260 |
| Accrued expenses and other current liabilities | 11,219 | 9,108 |
| Operating lease liabilities | 8,770 | 8,518 |
| Deferred revenue | 33,384 | 34,550 |
| Total current liabilities | 56,824 | 58,436 |
| Operating lease liabilities, net of current portion | 30,300 | 36,555 |
| Deferred revenue, net of current portion | 249,535 | 268,115 |
| Total liabilities | 336,659 | 363,106 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ deficit: | ||
| Preferred stock, $0.0001 par value; 25,000,000 shares authorized at September 30, 2024 and December 31, 2023; no shares issued and outstanding at September 30, 2024 and December 31, 2023 | — | — |
| Common stock, $0.0001 par value; 175,000,000 shares authorized at September 30, 2024 and December 31, 2023; 55,593,131 shares issued and outstanding at September 30, 2024 and 42,282,040 shares issued and outstanding at December 31, 2023 | 6 | 4 |
| Additional paid-in capital | 510,028 | 395,196 |
| Accumulated other comprehensive gain/(loss) | 360 | (826) |
| Accumulated deficit | (538,681) | (471,564) |
| Total stockholders’ deficit | $(28,287) | $(77,190) |
| Total liabilities and stockholders’ deficit | $308,372 | $285,916 |
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