CGEM: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, CGEM has $484,126K in assets. $32,757K in debts. $103,335K in cash and cash equivalents.

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

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	103,335	72,820
Short-term investments	229,261	192,662
Prepaid expenses and other current assets	9,639	10,429
Total current assets	342,235	275,911
Property and equipment, net	489	569
Operating lease right-of-use assets	1,046	1,180
Other assets	361	367
Long-term investments	139,995	242,302
Total assets	484,126	520,329

Accounts payable	1,722	2,461
Accrued expenses and other current liabilities	29,847	24,203
Operating lease liabilities, current	1,188	1,394
Total current liabilities	32,757	28,058
Operating lease liabilities, net of current portion	0	125
Total liabilities	32,757	28,183
Common stock, 0.0001 par value, 150,000,000 shares authorized as of september 30, 2025 and december 31, 2024 59,076,259 and 58,510,610 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively	6	6
Additional paid-in capital	987,796	978,329
Accumulated other comprehensive income (loss)	973	607
Accumulated deficit	-537,406	-486,796
Total cullinan stockholders' equity	451,369	492,146
Noncontrolling interests	0	0
Total stockholders' equity	451,369	492,146
Total liabilities and stockholders' equity	484,126	520,329