IRON: the balance sheet

MyFinsight

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	88,913	91,145	140,664	127,337
Marketable securities	641,245	700,007	475,256	522,636
Prepaid expenses and other current assets	17,297	12,746	11,248	11,619
Total current assets	747,455	803,898	627,168	661,592
Property and equipment, net	1,070	1,159	1,228	1,289
Right-of-use assets, operating leases	967	1,096	1,220	1,340
Other assets	721	726	840	840
Total assets	750,213	806,879	630,456	665,061

Accounts payable	11,759	9,018	7,268	6,350
Accrued external research and development expenses	12,137	11,451	7,705	7,463
Other accrued expenses	6,827	15,561	11,115	6,161
Operating lease liabilities, current	419	611	656	632
Total current liabilities	31,142	36,641	26,744	20,606
Principal term loan balance	30,000	30,000	30,000	-
Unamortized debt discount and issuance costs	1,254	1,351	1,450	-
Accrued end of term fee	619	510	398	-
Long-term debt, net	29,365	29,159	28,948	28,737
Operating lease liabilities, non-current	1,277	1,253	1,373	1,553
Total liabilities	61,784	67,053	57,065	50,896
Common stock, 0.0001 par value 100,000,000 shares authorized as of march 31, 2026 and december 31, 2025 38,190,464 and 37,890,616 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively	4	4	4	3
Additional paid-in capital	1,262,686	1,249,043	1,022,324	1,001,223
Accumulated other comprehensive (loss) income	-571	965	718	273
Accumulated deficit	-573,690	-510,186	-449,655	-387,334
Total stockholders' equity	688,429	739,826	573,391	614,165
Total liabilities and stockholders' equity	750,213	806,879	630,456	665,061

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