TERN: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, TERN has $301,651K in assets. $17,585K in debts. $150,698K 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	150,698	145,966
Marketable securities	144,937	169,479
Prepaid expenses and other current assets	4,660	3,507
Total current assets	300,295	318,952
Property and equipment, net	59	70
Operating lease assets	938	1,037
Other assets	359	356
Total assets	301,651	320,415

Accounts payable	2,946	2,849
Accrued expenses and other current liabilities	11,982	9,621
Current portion of operating lease liabilities	459	444
Total current liabilities	15,387	12,914
Taxes payable, non-current	1,628	1,583
Operating lease liabilities, non-current	570	689
Total liabilities	17,585	15,186
Common stock, 0.0001 par value, 150,000,000 shares authorized at september 30, 2025 and december 31, 2024 87,511,470 and 87,126,583 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively	9	9
Additional paid-in capital	778,065	774,724
Accumulated other comprehensive income (loss)	109	-22
Accumulated deficit	-494,117	-469,482
Total stockholders' equity	284,066	305,229
Total liabilities and stockholders' equity	301,651	320,415