$ABSI

Absci Corp

CIK:0001672688|SEC Filings

UNAUDITED CONDENSED 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
Revenues
Partner program revenue	$ 318	$ 593	$ 533	$ 1,772
Operating expenses
Research and development	22,616	20,458	41,891	36,822
Selling, general and administrative	9,164	8,528	18,222	18,000
Depreciation and amortization	2,696	3,000	5,424	6,072
Total operating expenses	34,476	31,986	65,537	60,894
Operating loss	(34,158)	(31,393)	(65,004)	(59,122)
Other income (expense)
Interest expense	(2)	(56)	(20)	(135)
Other income, net	990	1,011	2,273	2,469
Total other income, net	988	955	2,253	2,334
Loss before income taxes	(33,170)	(30,438)	(62,751)	(56,788)
Income tax expense	(40)	(131)	(58)	(127)
Net loss	$ (33,210)	$ (30,569)	$ (62,809)	$ (56,915)
Net loss per share: basic (in usd per share)	$ (0.21)	$ (0.24)	$ (0.40)	$ (0.45)
Net loss per share: diluted (in usd per share)	$ (0.21)	$ (0.24)	$ (0.40)	$ (0.45)
Weighted-average common shares outstanding: basic (in shares)	157,471,712	127,592,948	155,217,585	126,035,844
Weighted-average common shares outstanding: diluted (in shares)	157,471,712	127,592,948	155,217,585	126,035,844
Comprehensive loss:
Net loss	$ (33,210)	$ (30,569)	$ (62,809)	$ (56,915)
Foreign currency translation adjustments	(52)	324	(117)	401
Unrealized loss on marketable securities	(102)	(32)	(324)	(86)
Comprehensive loss	$ (33,364)	$ (30,277)	$ (63,250)	$ (56,600)
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]			License and Service [Member]

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities
Net loss	$ (62,809)	$ (56,915)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	5,424	6,072
Stock-based compensation	9,621	9,666
Accretion of discount on marketable securities	(749)	(1,368)
Other	(487)	(119)
Changes in operating assets and liabilities:
Accounts receivable, net	0	(700)
Prepaid expenses and other current assets	(1,720)	1,860
Operating lease right-of-use assets and liabilities	(278)	(268)
Other long-term assets	0	(86)
Accounts payable and accrued expenses	(3,091)	3,308
Deferred revenue	218	(162)
Net cash used in operating activities	(53,871)	(38,712)
Cash Flows From Investing Activities
Purchases of property and equipment	(31)	(248)
Investment in marketable securities	(22,573)	(57,940)
Proceeds from maturities of marketable securities	53,988	51,000
Proceeds from sales of property and equipment	46	1,183
Net cash provided by (used in) investing activities	31,430	(6,005)
Cash Flows From Financing Activities
Principal payments on long-term debt	(723)	(1,843)
Principal payments on finance lease obligations	0	(72)
Proceeds from issuance of common stock, net	106,099	41,689
Proceeds from issuance of common stock through employee equity plans, net	4,906	2,016
Net cash provided by financing activities	110,282	41,790
Net increase (decrease) in cash, cash equivalents, and restricted cash	87,841	(2,927)
Cash, cash equivalents and restricted cash - Beginning of period	21,078	58,214
Cash, cash equivalents, and restricted cash - End of period	$ 108,919	$ 55,287

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 107,865	$ 20,025
Marketable securities	93,277	124,267
Prepaid expenses and other current assets	7,124	5,281
Total current assets	208,266	149,573
Operating lease right-of-use assets	2,442	2,914
Property and equipment, net	16,721	20,860
Intangibles, net	40,051	41,514
Restricted cash, long-term	1,054	1,053
Other long-term assets	383	383
TOTAL ASSETS	268,917	216,297
Current liabilities:
Accounts payable and accrued expenses	16,257	19,348
Long-term debt	150	873
Operating lease obligations	2,037	1,805
Deferred revenue	1,154	739
Total current liabilities	19,598	22,765
Operating lease obligations, net of current portion	1,642	2,624
Deferred revenue, long-term	240	436
Other long-term liabilities	1,306	1,023
TOTAL LIABILITIES	22,786	26,848
STOCKHOLDERS' EQUITY
Preferred stock	0	0
Common stock	17	15
Additional paid-in capital	933,557	813,627
Accumulated deficit	(687,593)	(624,784)
Accumulated other comprehensive income	150	591
TOTAL STOCKHOLDERS' EQUITY	246,131	189,449
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 268,917	$ 216,297