$SENS

Senseonics Holdings, Inc.

CIK:0001616543|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue, net	$ 14,483	$ 6,649	$ 26,194	$ 12,906
Cost of sales	5,924	3,528	10,695	8,280
Gross profit	8,559	3,121	15,499	4,626
Expenses:
Research and development expenses	11,639	7,715	20,250	15,014
Selling, general and administrative expenses	32,908	9,729	63,083	17,423
Operating loss	(35,988)	(14,323)	(67,834)	(27,811)
Other income (expense), net:
Interest income	1,032	973	1,774	1,648
Interest expense	(1,600)	(1,145)	(2,792)	(2,574)
Other expense	(149)	(6)	(186)	(23)
Total other income (expense), net	(717)	(178)	(1,204)	(949)
Net Loss	(36,705)	(14,501)	(69,038)	(28,760)
Other comprehensive loss
Unrealized (loss) gain on marketable securities	(62)	26	(123)	23
Other comprehensive (loss) gain	(62)	26	(123)	23
Total comprehensive loss	$ (36,767)	$ (14,475)	$ (69,161)	$ (28,737)
Basic net loss per common share	$ (0.63)	$ (0.36)	$ (1.33)	$ (0.75)
Basic weighted-average shares outstanding	57,842,713	40,668,245	51,910,006	38,319,113
Diluted net loss per common share	$ (0.63)	$ (0.36)	$ (1.33)	$ (0.75)
Diluted weighted average common shares outstanding	57,842,713	40,668,245	51,910,006	38,319,113
Nonrelated Party
Revenue, net	$ 12,675	$ 3,223	$ 22,016	$ 5,033
Related Party
Revenue, net	$ 1,808	$ 3,426	$ 4,178	$ 7,873

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net loss	$ (69,038)	$ (28,760)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	1,093	754
Non-cash interest expense (debt discount and deferred costs)	742	787
Net amortization of premiums and accretion of discounts on marketable securities	(498)	(473)
Stock-based compensation expense	5,845	4,733
Provision for inventory obsolescence and losses	(349)	154
Allowance for credit losses	1,033	480
Other	31
Changes in assets and liabilities:
Accounts receivable	817	650
Prepaid expenses and other current assets	125	829
Inventory	(1,318)	(446)
Deposits and other assets	(142)	13
Accounts payable	641	(571)
Accrued expenses and other liabilities	(525)	(2,532)
Accrued interest	155	(501)
Payments on lease liabilities	(775)	(464)
Net cash used in operating activities	(62,163)	(25,347)
Cash flows from investing activities
Capital expenditures	(328)	(558)
Purchase of marketable securities	(98,427)	(94,398)
Proceeds from sale and maturity of marketable securities	54,660
Cash paid in connection with asset acquisition	(1,285)
Net cash used in investing activities	(45,380)	(94,956)
Cash flows from financing activities
Proceeds from issuance of common stock, net	53,489	98,726
Proceeds from exercise of stock options, RSUs and ESPP issuances, net	64	69
Proceeds from issuance of Loan and Security Agreement, net	19,800
Taxes paid related to net share settlement of equity awards	(1,283)	(1,172)
Proceeds from issuance of warrants, net	39,992
Repayment of 2025 Notes		(20,399)
Net cash provided by financing activities	112,062	77,224
Net increase (decrease) in cash, cash equivalents, and restricted cash	4,519	(43,079)
Cash and cash equivalents and restricted cash, at beginning of period	40,549	74,912
Cash and cash equivalents and restricted cash, at ending of period	45,068	31,833
Supplemental disclosure of cash flow information
Cash paid during the period for interest	2,050	2,287
Supplemental disclosure of non-cash transactions
Property and equipment purchases included in accounts payable and accrued expenses	179	54
Issuance of common stock upon conversion of preferred shares		$ 30,372
Issuance of warrants for loan amendment	321
Lease liabilities arising from obtaining right-of-use assets	$ 7,276

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 44,753	$ 40,234
Restricted cash	315	315
Short term investments, net	97,906	53,796
Accounts receivable, net	10,269	12,119
Inventory, net	8,458	6,703
Prepaid expenses and other current assets	4,755	4,366
Total current assets	166,456	117,533
Deposits and other assets	6,059	4,536
Property, equipment and intangible assets, net	4,320	4,200
Total assets	176,835	126,269
Current liabilities:
Accounts payable	4,824	4,059
Accrued expenses and other current liabilities	19,855	20,289
Total current liabilities	24,679	24,348
Long-term debt and notes payables, net	55,808	35,586
Non-current operating lease liabilities	6,035	5,289
Total liabilities	86,522	65,223
Commitments and contingencies
Stockholders' equity
Common stock, $0.001 par value per share; 70,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 52,864,750 shares and 41,265,778 shares issued and outstanding as of June 30, 2026 and December 31, 2025	53	41
Additional paid-in capital	1,176,339	1,077,923
Accumulated other comprehensive income	(54)	69
Accumulated deficit	(1,086,025)	(1,016,987)
Total stockholders' equity	90,313	61,046
Total liabilities, temporary equity and stockholders' equity	176,835	126,269
Nonrelated Party
Current assets:
Accounts receivable, net	9,137	6,807
Current liabilities:
Accrued expenses and other current liabilities	16,032	15,091
Related Party
Current assets:
Accounts receivable, net	1,132	5,312
Current liabilities:
Accrued expenses and other current liabilities	$ 3,823	$ 5,198