Summit Therapeutics Inc. (SMMT)
Summit Therapeutics Inc. is a biopharmaceutical firm dedicated to discovering, developing, and commercializing therapeutic solutions, primarily targeting infectious diseases across the United States and Latin America. The company's clinical development pipeline is heavily concentrated on therapies for Clostridioides difficile infection (CDI). Its flagship product candidate, ridinilazole, is an orally administered small molecule antibiotic currently advancing through Phase III clinical trials as a treatment for CDI. Beyond its lead asset, Summit Therapeutics is also progressing SMT-738, designed to combat multidrug-resistant infections, notably carbapenem-resistant Enterobacteriaceae (CRE). Additionally, its DDS-04 series represents a potential therapeutic avenue for various infections caused by the Enterobacteriaceae family of bacteria. Established in 2003, the company maintains its headquarters in Cambridge, Massachusetts.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Summit Therapeutics Inc.
NASDAQ:SMMTHealthcare · Biotechnology
-1.05%$16.03
AH$15.98-0.32%vs close
Mkt Cap$12.79B
Float138.49M
O/S797.75M
Vol
$ Vol
RVOL
Inst Own17.2%
SI29.5%
Earnings
Dilution
Financials Summary
Revenue$0
Net Income-$1.08B
Total Assets$557.5M
Free Cash Flow-$240.15M
Debt & Equity
Debt 3%
Equity 97%
Total Debt$15.5M
Total Equity$488.98M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SMMT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$557.5M
Liabilities$68.52M
Accounts Receivable$0
Accounts Payable$15.06M
Inventory$0
PP&E (Net)$16.09M
Goodwill$1.49M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2019-01-31 | 2018-01-31 | 2017-01-31 | 2016-01-31 | 2015-01-31 | 2014-01-31 | 2013-01-31 | 2012-01-31 | 2011-01-31 | 2010-01-31 | 2009-01-31 | 2008-01-31 | 2007-01-31 | 2006-01-31 | 2005-01-31 | 2004-01-31 |
| Revenue | $0 | $0 | $0 | $583K | $1.34M | $629K | $612K | $57.09M | $14.17M | $2.38M | $1.28M | $1.89M | $1.84M | $1.9M | $1.12M | $739K | $302K | $267K | $6.03M | $2.03M | $948K | $213K | $2K |
| YoY Growth | - | - | - | -56.4% | 112.7% | 2.8% | -98.9% | 302.9% | 496.3% | 85.5% | -32.2% | 2.4% | -2.7% | 69.8% | 51.1% | 144.7% | 13.2% | -95.6% | 197.1% | 113.9% | 345.5% | 11564.5% | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25K | $98K | $62K | $51K | $0 | $25K | $0 | $190K | $435K | $2.32M | $6K | $3.23M | $596K | $416K | $169K | $2K |
| Gross Profit | $0 | $0 | $0 | $583K | $1.34M | $629K | $612K | $56.39M | $14.17M | $2.38M | $1.28M | $1.89M | $1.84M | $1.9M | $1.12M | $304K | -$2.13M | $261K | $117K | $1.43M | $532K | $43K | $0 |
| Gross Margin | - | - | - | 100.0% | 100.0% | 100.0% | 100.0% | 98.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 41.2% | -706.9% | 97.8% | 1.9% | 70.6% | 56.1% | 20.4% | - |
| Research and Development | $537.67M | $132.42M | $455.27M | $43.01M | $63.12M | $38.96M | $32.78M | $49.07M | $28.98M | $18.95M | $16.86M | $10.42M | $6.61M | $4.73M | $3.08M | $2.24M | $3.68M | $7.38M | $15.34M | $5.79M | $1.83M | $505K | $47K |
| Selling, General, and Administrative | $556.7M | $48.35M | $23.74M | $22.12M | $17.46M | $14.06M | $9.29M | $17.01M | $11.94M | $8.28M | $4.77M | $3.7M | $1.94M | $1.74M | $1.53M | $1.71M | $4.2M | $1.12M | $2.17M | $1M | $1.79M | $75K | $44K |
| Other | $0 | -$250K | -$786K | -$4.92M | -$15.51M | -$13.49M | -$18.84M | -$14.41M | -$917K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.18M | $10.96M | $8.7M | $3.24M | $120K | $0 | -$47K |
| Total Operating Expenses | $1.09B | $180.51M | $478.23M | $60.22M | $65.07M | $39.53M | $23.24M | $51.67M | $40M | $27.23M | $21.63M | $14.12M | $8.55M | $6.47M | $4.61M | $3.95M | $3.7M | $19.46M | $26.2M | $10.03M | $3.74M | $580K | $44K |
| Operating Income (EBIT) | -$1.09B | -$180.51M | -$478.23M | -$59.63M | -$63.73M | -$71.65M | -$22.62M | $5.39M | -$25.83M | -$24.85M | -$20.35M | -$12.23M | -$6.71M | -$4.58M | -$4.71M | -$9.38M | -$9.2M | -$19.2M | -$23.41M | -$8.6M | -$3.21M | -$537K | -$44K |
| Operating Margin | - | - | - | -10225.4% | -4764.3% | -11392.7% | -3697.6% | 9.4% | -182.3% | -1046.0% | -1588.3% | -647.9% | -363.8% | -241.5% | -422.3% | -1270.0% | -3047.6% | -7198.9% | -388.5% | -423.8% | -339.0% | -252.4% | -2400.6% |
| Interest Expense | $0 | $8.69M | $16.46M | $4.4M | $208K | $255K | $33K | $620K | $0 | $1.08M | $0 | $0 | $0 | $0 | $5K | $6K | $107K | $117K | $76K | $12K | $0 | $0 | $0 |
| Interest Income | $15.5M | $13.47M | $10.4M | $1.51M | $0 | $4K | $4K | $5K | $10K | $10K | $30K | $55K | $15K | $17K | $11K | $27K | $13K | $431K | $1.54M | $1.72M | $1.04M | $405K | $912 |
| Other Income (Expense) | $14.84M | $3.74M | -$4.14M | -$5.54M | -$1.79M | $9.37M | -$1.33M | $3.69M | $1.91M | -$854K | -$2.85M | -$448K | $9K | $11K | $6K | -$2.08M | -$94K | $314K | $1.47M | $1.71M | $1.04M | $405K | $2K |
| Income Before Tax (EBT) | -$1.08B | -$176.77M | -$482.37M | -$65.17M | -$65.52M | -$62.27M | -$23.96M | $9.08M | -$23.92M | -$25.71M | -$23.2M | -$12.68M | -$6.7M | -$4.57M | -$4.71M | -$5.73M | -$9.3M | -$18.88M | -$21.94M | -$6.88M | -$2.17M | -$132K | -$42K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | -$9.58M | $30K | -$1.79M | -$3.47M | -$5.42M | -$3.29M | -$1.45M | $607K | -$341K | -$477K | -$1.94M | -$594K | -$2.52M | -$1.81M | -$959K | -$277K | -$45K | $0 |
| Net Income | -$1.08B | -$176.77M | -$482.37M | -$65.17M | -$65.52M | -$38.53M | -$23.99M | $10.87M | -$20.16M | -$21.37M | -$20.14M | -$11.38M | -$6.09M | -$4.22M | -$4.23M | -$7.42M | -$5.34M | -$32.29M | -$20.13M | -$5.92M | -$1.9M | -$87K | -$42K |
| Net Income Margin | - | - | - | -11174.8% | -4897.8% | -6127.6% | -3920.2% | 19.0% | -142.3% | -899.5% | -1572.0% | -603.0% | -330.4% | -223.0% | -379.0% | -1004.6% | -1769.2% | -12109.6% | -334.1% | -292.1% | -200.0% | -40.7% | -2300.6% |
| Supplementary Data | |||||||||||||||||||||||
| EPS | -1.44 | -0.25 | -0.78 | -0.34 | -0.71 | -0.55 | -0.73 | 0.11 | -0.31 | -0.35 | -0.34 | -0.29 | -0.30 | -0.27 | -0.30 | -0.19 | -0.13 | -0.60 | -0.42 | -0.16 | -0.06 | -0.00 | -0.00 |
| Diluted EPS | -1.44 | -0.25 | -0.78 | -0.34 | -0.71 | -0.56 | -0.73 | 0.11 | -0.31 | -0.35 | -0.34 | -0.29 | -0.30 | -0.27 | -0.30 | -0.19 | -0.13 | -0.60 | -0.42 | -0.16 | -0.06 | -0.00 | -0.00 |
| Weighted Average OS | 747.70M | 713.92M | 619.64M | 192.15M | 92.24M | 69.34M | 32.73M | 86.14M | 65.03M | 61.06M | 59.10M | 39.60M | 20.51M | 15.81M | 8.89M | 38.18M | 67.01M | 53.39M | 47.90M | 36.42M | 31.31M | 23.46M | 19.02M |
| EBITDA | -$1.08B | -$168.44M | -$69.41M | -$51.37M | -$62.86M | -$36.27M | -$21.2M | $11.65M | -$26.17M | -$24.79M | -$20.3M | -$12.2M | -$6.68M | -$3.79M | -$1.6M | -$8.64M | -$5.41M | -$16.03M | -$18.58M | -$6.13M | -$2.97M | -$527K | -$67K |
| EBITDA Margin | - | - | - | -8807.7% | -4698.7% | -5766.8% | -3465.1% | 20.4% | -184.7% | -1043.5% | -1584.6% | -646.2% | -362.4% | -199.9% | -143.6% | -1170.1% | -1790.4% | -6010.2% | -308.4% | -302.5% | -313.5% | -247.7% | -3660.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2019-01-31 | 2018-01-31 | 2017-01-31 | 2016-01-31 | 2015-01-31 | 2014-01-31 | 2013-01-31 | 2012-01-31 | 2011-01-31 | 2010-01-31 | 2009-01-31 | 2008-01-31 | 2007-01-31 | 2006-01-31 | 2005-01-31 | 2004-01-31 |
| Assets | |||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||
| Cash and Cash Equivalents | $167.18M | $83.79M | $56.52M | $284.18M | $53.22M | $48.78M | $49.96M | $35.23M | $28.45M | $35.08M | $23.22M | $16.97M | $3.35M | $5.34M | $3.26M | $5.14M | $9.72M | $3.92M | $20.06M | $35.87M | $1.86M | $26.66M | $146K |
| Short-Term Investments | $362.31M | $245.71M | $90.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20.7M | $0 | $0 |
| Cash and Short-Term Investments | $529.49M | $329.5M | $147.38M | $284.18M | $53.22M | $48.78M | $49.96M | $35.23M | $28.45M | $35.08M | $23.22M | $16.97M | $3.35M | $5.34M | $3.26M | $5.14M | $9.72M | $3.92M | $20.06M | $35.87M | $22.55M | $26.66M | $146K |
| Accounts Receivable | $0 | $445K | $671K | $4.98M | $12.72M | $7.48M | $318K | $12.51M | $0 | $0 | $0 | $0 | $718K | $51K | $492K | $313K | $423K | $1.54M | $1.46M | $994K | $353K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $564K | $670K | $369K | $48K | $0 | $0 |
| Other Current Assets | $5.09M | $8.67M | $143K | $244.95M | $890K | $1.12M | $4.98M | $3.74M | $15.78M | $5.74M | $4.74M | $1.96M | $470K | $867K | $282K | $179K | $255K | $669K | $1.43M | $964K | $274K | $164K | $0 |
| Total Current Assets | $534.58M | $338.61M | $150.13M | $535.35M | $72.14M | $64.4M | $62.11M | $61.22M | $50.73M | $41.67M | $29.68M | $22.89M | $5.11M | $6.61M | $4.15M | $5.9M | $10.6M | $7.79M | $25.3M | $38.43M | $23.57M | $26.84M | $146K |
| Long-Term Assets | |||||||||||||||||||||||
| Property, Plant & Equipment Net | $16.09M | $5.91M | $4.8M | $4.14M | $2.58M | $939K | $1.2M | $2.02M | $2.93M | $145K | $118K | $83K | $71K | $36K | $234K | $411K | $535K | $5.35M | $8.49M | $5.15M | $2.25M | $2K | $0 |
| Goodwill | $1.49M | $1.49M | $1.5M | $1.47M | $1.49M | $1.49M | $1.15M | $2.38M | $3.51M | $830K | $946K | $1M | $664K | $0 | $0 | $0 | $0 | $0 | $19.42M | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $7.71M | $8.46M | $7.71M | $13.91M | $20.93M | $4.34M | $4.95M | $5.25M | $3.49M | $270K | $1.73M | $1.74M | $7.25M | $6.95M | $16.17M | $2.86M | $50K | $38K | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.26M | $5.14M | $9.72M | $3.92M | $20.06M | $35.87M | $1.86M | $26.66M | $0 |
| Other Long-Term Assets | $5.35M | $2.04M | $4.18M | $470K | $126K | $0 | $3.27M | $0 | -$1K | $0 | $0 | $0 | $2.7M | $0 | -$3.26M | -$5.14M | -$9.72M | -$3.92M | -$20.06M | -$35.87M | -$1.86M | -$26.66M | $0 |
| Total Long-Term Assets | $22.92M | $9.44M | $10.48M | $6.08M | $11.91M | $10.89M | $13.34M | $18.31M | $27.36M | $5.31M | $6.01M | $6.33M | $6.93M | $306K | $1.97M | $2.15M | $7.78M | $12.3M | $44.08M | $8.01M | $2.3M | $40K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $557.5M | $348.05M | $160.6M | $541.43M | $84.04M | $75.29M | $75.46M | $79.53M | $78.1M | $46.98M | $35.69M | $29.22M | $12.03M | $6.91M | $6.12M | $8.06M | $18.38M | $20.09M | $69.38M | $46.44M | $25.87M | $26.88M | $146K |
| Liabilities | |||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||
| Accounts Payable | $15.06M | $3.7M | $2.11M | $289K | $3.24M | $4.51M | $3.38M | $5.8M | $12.49M | $1.13M | $1.02M | $5.38M | $576K | $401K | $584K | $525K | $238K | $973K | $3.61M | $2.26M | $871K | $34K | $0 |
| Short-Term Debt | $0 | $0 | $0 | $16.12M | $0 | $0 | -$1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $195K | $374K | $129K | $118K | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $249K | $232K | $117K | $113K | $92K | $92K | $111K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $5.88M | $6.15M | $1.17M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $12.77M | $11.01M | $4.86M | $5.14M | $3.72M | $1.26M | $1.67M | $10.92M | $20.04M | $12.24M | $3.29M | $0 | $2.36M | $1.81M | $1.28M | $1.07M | $1.41M | $804K | $2.54M | $257K | $211K | $296K | $4K |
| Total Current Liabilities | $54.17M | $33.35M | $16.15M | $31.61M | $18.99M | $14.61M | $9.9M | $17.17M | $32.53M | $13.62M | $4.57M | $5.38M | $3.08M | $2.41M | $2.02M | $1.91M | $1.76M | $2.69M | $6.79M | $2.84M | $1.26M | $350K | $4K |
| Long-Term Liabilities | |||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $79.14M | $403.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.7M | $2.43M | $1.17M | $1.23M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $418K | $386K | $1.09M | $38.6M | $29.52M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $1.61M | $2.2M | $3.37M | $706K | $946K | $1M | $0 | $0 | $0 | $0 | $1.5M | $1.47M | $3.74M | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.36M | $1.3M | $1.24M | $1.16M | $2.06M | $1.84M | $2.12M | $3.28M | $8.06M | $7.5M | $7.27M | $3.31M | $1.1M | $0 | $322K | $324K | $1.89M | $1.9M | $2.35M | $2.31M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $14.35M | $4.06M | $82.98M | $406.56M | $3.31M | $2.32M | $4.44M | $6.56M | $50.03M | $37.73M | $8.22M | $4.32M | $1.1M | $0 | $322K | $324K | $3.39M | $5.08M | $8.51M | $3.49M | $1.23M | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $68.52M | $37.41M | $99.12M | $438.18M | $22.3M | $16.93M | $14.34M | $23.74M | $82.56M | $51.35M | $12.79M | $9.69M | $4.18M | $2.41M | $2.34M | $2.24M | $5.15M | $7.77M | $15.3M | $6.33M | $2.49M | $350K | $4K |
| Stockholders' Equity | |||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $5.75M | $5.89M | $5.55M | $1.72M | $726K | $607K | $507K | $2.1M | $1.04M | $772K | $873K | $619K | $16.62M | $13.88M | $11.18M | $10.97M | $11.04M | $8.07M | $12.75M | $7.3M | $5.59M | $5.9M | $2K |
| Retained Earnings | -$1.7B | -$970.55M | -$786.02M | -$308.41M | -$222.05M | -$154.94M | -$119.46M | -$99.81M | -$132.95M | -$92.21M | -$74.62M | -$48.6M | -$74.53M | -$61.74M | -$54.75M | -$50.91M | -$43.9M | -$52.84M | -$28.35M | -$8.11M | -$1.99M | -$87K | -$40K |
| Comprehensive Income & Other | -$1.89M | -$1.83M | -$1.94M | -$1.54M | -$1.63M | -$2.79M | -$3.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $2.19B | $1.28B | $841.95M | $409.94M | $283.06M | $212.69M | $180.07M | $153.49M | $127.44M | $87.07M | $96.65M | $67.52M | $65.77M | $52.37M | $47.34M | $45.76M | $46.09M | $57.1M | $69.68M | $40.92M | $19.78M | $20.72M | $181K |
| Total Equity | $488.98M | $310.64M | $61.48M | $103.25M | $61.74M | $58.36M | $61.12M | $55.79M | -$4.46M | -$4.37M | $22.9M | $19.53M | $7.85M | $4.5M | $3.78M | $5.82M | $13.22M | $12.33M | $54.08M | $40.11M | $23.38M | $26.53M | $142K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $557.5M | $348.05M | $160.6M | $541.43M | $84.04M | $75.29M | $75.46M | $79.53M | $78.1M | $46.98M | $35.69M | $29.22M | $12.03M | $6.91M | $6.12M | $8.06M | $18.38M | $20.09M | $69.38M | $46.44M | $25.87M | $26.88M | $146K |
| Supplementary Data | |||||||||||||||||||||||
| Total Debt | $15.5M | $5.77M | $83.96M | $422.89M | $2.06M | $342K | $700K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.9M | $2.8M | $1.3M | $1.35M | $0 | $0 |
| Net Debt | -$151.68M | -$78.03M | $27.44M | $138.71M | -$51.15M | -$48.44M | -$49.26M | -$35.23M | -$28.45M | -$35.08M | -$23.22M | -$16.97M | -$3.35M | -$5.34M | -$3.26M | -$5.14M | -$9.72M | -$2.02M | -$17.26M | -$34.57M | -$505K | -$26.66M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP | GBP |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2019-01-31 | 2018-01-31 | 2017-01-31 | 2016-01-31 | 2015-01-31 | 2014-01-31 | 2013-01-31 | 2012-01-31 | 2011-01-31 | 2010-01-31 | 2009-01-31 | 2008-01-31 | 2007-01-31 | 2006-01-31 | 2005-01-31 | 2004-01-31 |
| Operating Activities | |||||||||||||||||||||||
| Net Income | -$801.23M | -$176.85M | -$486.63M | -$64.22M | -$65.68M | -$38.71M | -$23.88M | $10.87M | -$33.86M | -$32.13M | -$33.03M | -$19.11M | -$11.05M | -$7.21M | -$4.71M | -$9.38M | -$9.2M | -$19.2M | -$23.4M | -$8.6M | -$3.21M | -$537K | -$67K |
| Depreciation & Amortization | $146K | $89K | $198K | $1.26M | $2.46M | $2M | $1.42M | $1.95M | $566K | $59K | $47K | $32K | $27K | $95K | $295K | $711K | $3.78M | $2.74M | $3.28M | $738K | $241K | $9K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $309K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $543.57M | $40.74M | $11.16M | $9.74M | $9.49M | $1.3M | $542K | $6.29M | $2.27M | $1.72M | $1.65M | $1.45M | $373K | $182K | $97K | $117K | -$29K | $306K | $966K | $792K | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||
| Accounts Receivable | $0 | $428K | $3.58M | $7.67M | -$5.3M | -$3.06M | $4.63M | -$4.68M | $0 | $0 | $0 | -$3.31M | -$107K | -$71K | -$77K | $6K | $1.47M | $124K | -$376K | -$335K | -$441K | -$130K | -$182 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $289K | -$78K | -$157K | -$314K | -$48K | $0 | $0 |
| Accounts Payable | $11.36M | $1.61M | $1.79M | -$3.37M | -$1.27M | $1.21M | -$998K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K |
| Other Working Capital | $11.96M | $10.33M | -$5.78M | $3.74M | $6.52M | $2.31M | -$2.68M | -$50.18M | $6.93M | $39.79M | $1.05M | $2.57M | $767K | $134K | $121K | $3.63M | -$721K | $15.82M | $2.74M | $1.43M | $757K | $309K | $0 |
| Total Working Capital Change | $23.32M | $12.37M | -$408K | $8.04M | -$50K | $455K | $956K | -$54.87M | $6.93M | $39.79M | $1.05M | -$746K | $660K | $63K | $44K | $3.64M | $1.04M | $15.86M | $2.2M | $777K | $268K | $179K | $2K |
| Other Non-Cash Items | -$5.47M | $10.1M | $414.93M | $11.28M | -$25K | -$386K | -$6.01M | $645K | $3.5M | $5.74M | $5.81M | $1.79M | $311K | $1.84M | $470K | $579K | $1.76M | -$14.43M | $827K | $330K | $1.77M | $378K | $0 |
| Net Cash from Operating | -$239.67M | -$113.56M | -$60.74M | -$33.9M | -$53.81M | -$35.34M | -$26.66M | -$35.11M | -$20.58M | $15.18M | -$24.47M | -$16.59M | -$9.68M | -$5.03M | -$3.8M | -$4.34M | -$2.65M | -$14.72M | -$16.13M | -$5.96M | -$932K | $30K | -$65K |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditures | -$488K | -$111K | -$101K | -$509K | -$227K | -$309K | -$265K | -$157K | -$510K | -$101K | -$94K | -$53K | -$61K | -$52K | -$3K | -$193K | -$141K | -$1.65M | -$3.86M | -$3.37M | -$2.45M | -$13K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$167K | -$6.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $807K | -$500K | $0 | $0 | $0 |
| Purchases of Investments | -$359.94M | -$543.41M | -$254.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $231.06M | $391.42M | $164.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$11.99M | -$375.73M | $0 | $0 | $0 | $144K | -$7K | -$151K | $1K | $43K | $77K | $167K | -$51K | -$170K | $22K | $26K | $438K | $1.54M | $1.55M | $1.05M | $7K | $0 |
| Net Cash from Investing | -$129.37M | -$164.09M | -$465.14M | -$509K | -$227K | -$309K | -$121K | -$331K | -$7.42M | -$100K | -$51K | $24K | $106K | -$103K | -$173K | -$171K | -$115K | -$1.22M | -$1.52M | -$2.32M | -$1.4M | -$7K | $0 |
| Financing Activities | |||||||||||||||||||||||
| Debt Repaid | - | $79.91M | $19.54M | -$423.9M | - | - | - | $369K | $181K | -$23K | - | $316K | - | - | - | - | $85K | $294K | -$1.05M | $182K | -$1.35M | - | - |
| Common Stock Issuance | $458.31M | $384.54M | $88.49M | $81.84M | $57.88M | $36.73M | $37.82M | $46.08M | $21.13M | $0 | $37.17M | $33.15M | $7.69M | $7.9M | $2.3M | $32K | $9.12M | $5.62M | $282K | $19.56M | $0 | $26.47M | $182K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | -$490K | -$126K | -$127K | $405K | -$4.71M | -$1.21M | -$1.48M | $493K | -$5.65M | -$2.35M | -$341K | -$703K | -$165K | -$6K | -$895K | -$14K | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $458.31M | $304.63M | $68.46M | $505.62M | $57.76M | $37.13M | $33.11M | $44.51M | $19.47M | $516K | $31.53M | $30.48M | $7.35M | $7.19M | $2.13M | $25K | $8.14M | $5.31M | $1.33M | $19.38M | $1.35M | $26.47M | $137K |
| Forex Effect | $76K | -$14K | $664K | -$996K | $260K | $408K | $427K | -$2.32M | -$2.74M | -$895K | $172K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.61M | -$13.37M | $0 |
| Net Change in Cash | $89.35M | $26.98M | -$456.76M | $470.22M | $3.98M | $1.89M | $6.76M | $6.75M | -$11.27M | $14.7M | $7.18M | $13.91M | -$2.23M | $2.06M | -$1.84M | -$4.48M | $5.38M | -$10.62M | -$16.31M | $11.09M | -$20.01M | -$25.6M | $0 |
| Supplementary Data | |||||||||||||||||||||||
| Operating Cash Flow | -$239.67M | -$113.56M | -$60.74M | -$33.9M | -$53.81M | -$35.34M | -$15.56M | -$35.11M | -$20.58M | $15.18M | -$24.47M | -$16.59M | -$9.68M | -$5.03M | -$3.8M | -$4.34M | -$2.65M | -$14.72M | -$16.13M | -$5.96M | -$1.63M | $56K | -$65K |
| Capital Expenditure | -$488K | -$111K | -$101K | -$509K | -$227K | -$309K | -$265K | -$164K | -$678K | -$110K | -$94K | -$53K | -$78K | -$120K | -$190K | -$193K | -$141K | -$1.65M | -$3.86M | -$3.37M | -$2.45M | -$13K | $0 |
| Free Cash Flow | -$240.15M | -$113.67M | -$60.85M | -$34.41M | -$54.03M | -$35.65M | -$15.83M | -$35.27M | -$21.26M | $15.07M | -$24.56M | -$16.64M | -$9.76M | -$5.15M | -$3.99M | -$4.53M | -$2.79M | -$16.37M | -$19.99M | -$9.33M | -$4.08M | $43K | -$65K |
| Cash at Beginning | $78.07M | $57.08M | $513.28M | $58.52M | $49.23M | $46.89M | $22.27M | $28.5M | $39.72M | $20.38M | $16.04M | $3.06M | $5.57M | $3.28M | $5.1M | $9.62M | $4.34M | $14.54M | $36.37M | $24.78M | $21.22M | $26.14M | $0 |
| Cash at End | $167.42M | $84.05M | $56.52M | $528.74M | $53.22M | $48.78M | $49.96M | $35.24M | $28.45M | $35.08M | $23.22M | $16.97M | $3.35M | $5.34M | $3.26M | $5.14M | $9.72M | $3.92M | $20.06M | $35.87M | $1.21M | $531K | $146K |