For the year ending 2025-12-31, LQDA has $327,934K in assets. $283,186K in debts. $190,680K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 190,680 | 176,479 | 83,679 | 93,283 |
| Accounts receivable, net | 54,093 | 2,719 | 4,061 | 5,017 |
| Inventory | 23,802 | 241 | - | - |
| Prepaid expenses and other current assets | 4,826 | 5,666 | 2,159 | 1,511 |
| Total current assets | 273,401 | 185,105 | 89,899 | 99,811 |
| Property, plant and equipment, net | 11,844 | 8,298 | 4,480 | 4,151 |
| Operating lease right-of-use assets, net | 3,949 | 4,187 | 1,704 | 2,101 |
| Indemnification asset, related party | 8,392 | 7,460 | 6,707 | 6,595 |
| Contract acquisition costs, net | 6,818 | 7,286 | 7,922 | 8,604 |
| Intangible asset, net | 2,952 | 3,156 | 3,430 | 3,726 |
| Goodwill | 3,903 | 3,903 | 3,903 | 3,903 |
| Restricted cash | 3,504 | - | - | - |
| Other assets | 13,171 | 10,918 | 287 | 307 |
| Total assets | 327,934 | 230,313 | 118,332 | 129,198 |
| Accounts payable | 3,678 | 4,689 | 1,396 | 2,197 |
| Accrued expenses and other current liabilities | 73,197 | 18,659 | 13,400 | 5,522 |
| Long-term debt, current | 58,406 | 18,016 | 2,615 | - |
| Operating lease liabilities, current | - | - | 1,032 | 900 |
| Finance lease liabilities, current | - | - | 107 | 181 |
| Operating and finance lease liabilities, current | 487 | 417 | - | - |
| Total current liabilities | 135,768 | 41,781 | 18,550 | 8,800 |
| Litigation finance payable | 8,384 | 7,300 | 6,707 | 6,594 |
| Long-term debt, noncurrent | 132,935 | 97,371 | 43,418 | - |
| Operating lease liabilities, noncurrent | - | - | 2,300 | 3,332 |
| Finance lease liabilities, noncurrent | - | - | 64 | 171 |
| Long-term debt | - | - | - | 19,879 |
| Operating and finance lease liabilities, noncurrent | 6,099 | 6,586 | - | - |
| Total liabilities | 283,186 | 153,038 | 71,039 | 38,776 |
| Common stock - 0.001 par value, 115,000,000 shares authorized as of december 31, 2025 and december 31, 2024, respectively, 87,204,137 and 84,683,063 shares issued and outstanding as of december 31, 2025 and december 31, 2024, respectively | 87 | 85 | 69 | 64 |
| Additional paid-in capital | 670,974 | 636,682 | 476,322 | 440,954 |
| Accumulated deficit | -626,313 | -559,492 | -429,098 | -350,596 |
| Total stockholders' equity | 44,748 | 77,275 | 47,293 | 90,422 |
| Total liabilities and stockholders' equity | 327,934 | 230,313 | 118,332 | 129,198 |
LQDA
LQDA