Company: CYTK
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000950170-25-105108
Chunk: 0

Company: CYTOKINETICS INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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CYTOKINETICS, INCORPORATED 

CONDENSED CONSOLIDATED BALANCE SHEETS 

(In thousands) (Unaudited)

     June 30, 2025

     December 31, 2024

     ASSETS

     Current assets:

     Cash and cash equivalents
      
     $
     74,940

     $
     94,857

     Short-term investments

     783,195

     981,157

     Accounts receivable

     8,410

     16,650

     Prepaid expenses and other current assets

     19,997

     15,276

     Total current assets

     886,542

     1,107,940

     Long-term investments

     178,201

     145,055

     Property and equipment, net

     70,219

     65,815

     Operating lease right-of-use assets

     76,120

     75,158

     Other assets

     14,553

     7,705

     Total assets
      
     $
     1,225,635

     $
     1,401,673

     LIABILITIES AND STOCKHOLDERS’ DEFICIT

     Current liabilities:

     Accounts payable
      
     $
     16,228

     $
     20,369

     Accrued liabilities

     52,315

     55,323

     Short-term operating lease liabilities

     19,585

     18,978

     Current portion of long-term debt

     14,400

     11,520

     Derivative liabilities measured at fair value

     17,600

     11,300

     Deferred revenue

     1,344

     52,370

     Other current liabilities

     9,592

     9,814

     Total current liabilities

     131,064

     179,674

     Term loans, net

     159,058

     93,227

     Convertible notes, net

     553,987

     552,370

     Liabilities related to revenue participation right purchase agreements, net

     489,503

     462,192

     Long-term operating lease liabilities

     111,028

     112,582

     Liabilities related to RPI Transactions measured at fair