CGEM: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, CGEM has $402,984K in assets. $36,812K in debts. $75,081K in cash and cash equivalents.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	75,081	88,332	103,335	72,820
Short-term investments	276,804	289,564	229,261	192,662
Prepaid expenses and other current assets	9,522	8,860	9,639	10,429
Total current assets	361,407	386,756	342,235	275,911
Total property and equipment, gross	-	1,390	-	-
Less accumulated depreciation	-	969	-	-
Property and equipment, net	342	421	489	569
Operating lease right-of-use assets	2,437	2,630	1,046	1,180
Other assets	297	297	361	367
Long-term investments	38,501	58,270	139,995	242,302
Total assets	402,984	448,374	484,126	520,329

Accounts payable	2,509	841	1,722	2,461
Accrued expenses and other current liabilities	31,920	36,120	29,847	24,203
Operating lease liabilities, current	725	780	1,188	1,394
Total current liabilities	35,154	37,741	32,757	28,058
Operating lease liabilities, net of current portion	1,658	1,903	0	125
Total liabilities	36,812	39,644	32,757	28,183
Common stock, 0.0001 par value, 150,000,000 shares authorized as of december 31, 2025 and 2024 60,244,136 and 58,510,610 shares issued and outstanding as of december 31, 2025 and 2024, respectively	-	6	6	6
Additional paid-in capital	-	995,823	987,796	978,329
Accumulated other comprehensive gain (loss)	-	1,020	973	607
Accumulated deficit	-	-588,119	-537,406	-486,796
Total cullinan stockholders' equity	-	408,730	451,369	492,146
Noncontrolling interests	-	0	0	0
Total stockholders' equity	366,172	408,730	451,369	492,146
Total liabilities and stockholders' equity	402,984	448,374	484,126	520,329

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.