TERN: the balance sheet

MyFinsight

For the year ending 2025-12-31, TERN has $1,025,078K in assets. $18,554K in debts. $524,747K in cash and cash equivalents.

Balance Sheets	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	524,747	161,439	79,926	143,235
Marketable securities	494,235	196,725	183,514	139,879
Prepaid expenses and other current assets	5,212	3,945	3,992	2,071
Total current assets	1,024,194	362,109	267,432	285,185
Property and equipment, gross	729	2,114	2,115	2,159
Less accumulated depreciation	682	1,892	1,609	1,402
Property and equipment, net	47	222	506	757
Operating lease assets	837	1,248	523	1,047
Other assets	0	350	56	37
Total assets	1,025,078	363,929	268,517	287,026

Accounts payable	1,721	2,148	2,515	1,645
Accrued expenses and other current liabilities	14,216	13,074	8,826	6,162
Current portion of operating lease liabilities	474	428	603	661
Total current liabilities	16,411	15,650	11,944	8,468
Deferred rent, net of current portion	-	-	-	0
Taxes payable, non-current	1,698	1,490	1,206	1,071
Operating lease liabilities, non-current	445	919	0	544
Total liabilities	18,554	18,059	13,150	10,083
Common stock, 0.0001 par value, 150,000,000 shares authorized at december 31, 2025 and 2024 112,324,683 and 87,126,583 shares issued and outstanding at december 31, 2025 and 2024, respectively	11	9	6	5
Additional paid-in capital	1,523,941	767,621	588,008	520,178
Accumulated other comprehensive loss	260	-279	-19	-822
Accumulated deficit	-517,688	-421,481	-332,628	-242,418
Total stockholders' equity	1,006,524	345,870	255,367	276,943
Total liabilities and stockholders' equity	1,025,078	363,929	268,517	287,026

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