ARQT: the balance sheet

MyFinsight

For the year ending 2025-12-31, ARQT has $432,973K in assets. $243,494K in debts.

Balance Sheets	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	42,907	71,335	88,398	53,641
Restricted cash	308	617	925	1,234
Marketable securities	178,075	156,620	183,463	355,948
Trade receivables, net	146,229	73,066	25,807	8,458
Inventory	22,634	14,526	13,134	7,514
Prepaid expenses and other current assets	21,079	19,656	18,704	10,611
Total current assets	411,232	335,820	330,431	437,406
Property, plant, and equipment, net	1,043	1,041	1,539	1,881
Intangible assets, net	14,812	9,479	6,438	7,188
Operating lease right-of-use asset	4,467	1,953	2,361	2,721
Other assets	1,419	596	596	78
Total assets	432,973	348,889	341,365	449,274

Accounts payable	12,528	14,220	11,992	8,827
Current portion of long-term debt, net	1,000	-	-	-
Accrued and other current liabilities	116,310	65,973	33,941	28,323
Operating lease liability	-	820	735	657
Total current liabilities	129,838	81,013	46,668	37,807
Operating lease liability, long-term	5,266	2,562	3,382	4,117
Long-term debt, net	107,959	107,203	201,799	197,769
Other long-term liabilities	431	570	849	0
Total liabilities	243,494	191,348	252,698	239,693
Common stock, 0.0001 par value 300,000,000 shares authorized 123,332,672 and 117,848,033 shares issued and outstanding at december31, 2025 and 2024, respectively	12	12	9	6
Additional paid-in capital	1,327,595	1,279,479	1,070,558	930,425
Accumulated other comprehensive loss	-44	-7	4	-1,086
Accumulated deficit	-1,138,084	-1,121,943	-981,904	-719,764
Total stockholders equity	189,479	157,541	88,667	209,581
Total liabilities and stockholders equity	432,973	348,889	341,365	449,274

Unit: Thousand (K) dollars (except for numbers of shares and EPS).