Financial insights of TERN

MyFinsight

For the year ending 2025-12-31.

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
License revenue	-	-	-	0
Research and development	77,889,000	70,112,000	63,497,000	39,617,000
General and administrative	32,235,000	31,759,000	39,061,000	22,412,000
Total operating expenses	110,124,000	101,871,000	102,558,000	62,029,000
Loss from operations	-110,124,000	-101,871,000	-102,558,000	-62,029,000
Interest income	14,591,000	13,289,000	12,901,000	2,110,000
Other expense, net	-93,000	-11,000	-314,000	-68,000
Total other income, net	14,498,000	13,278,000	12,587,000	2,042,000
Loss before income taxes	-95,626,000	-88,593,000	-89,971,000	-59,987,000
Income tax expense	581,000	260,000	239,000	358,000
Net loss	-96,207,000	-88,853,000	-90,210,000	-60,345,000
Unrealized gain (loss) on available-for-sale securities, net of tax	-	-235,000	671,000	-320,000
Foreign exchange translation adjustment, net of tax	-	-25,000	132,000	-164,000
Comprehensive loss	-	-89,113,000	-89,407,000	-60,829,000

Basic EPS	-1.03	-1.12	-1.27	-1.67
Diluted EPS	-1.03	-1.12	-1.27	-1.67
Basic Average Shares	93,166,571	79,507,474	71,259,239	36,033,045
Diluted Average Shares	93,166,571	79,507,474	71,259,239	36,033,045