Company: RPID
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001380106-25-000200
Chunk: 342

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 342
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630 9,268 Total$21,068 $20,200 

Raw materials, work in process and finished goods were net of adjustments to net realizable value of $0.6 million as of September 30, 2025 and December 31, 2024. 

6. Prepaid expenses and other current assets

Prepaid expenses and other current assets consisted of the following (in thousands):September 30,December 31,20252024Prepaid insurance$212 $838 Contract asset144 6 Deposits699 489 Prepaid financing fees529 290 Other621 843 $2,205 $2,466 

7. Property and equipment, net

Property and equipment, net, consisted of the following (in thousands):September 30,December 31,20252024Manufacturing and laboratory equipment$15,308 $14,457 Computer hardware and software1,911 1,847 Office furniture and fixtures682 638 Leasehold improvements9,444 9,178 Construction-in-process864 1,594 28,209 27,714 Less: Accumulated depreciation(18,625)(16,521)$9,584 $11,193 

21

Depreciation and amortization expense related to property and equipment was $0.7 million for each of the three months ended September 30, 2025 and 2024 and was $2.1 million for each of the nine months ended September 30, 2025 and 2024.

8. Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):September 30,December 31,20252024Accrued employee compensation and benefits expense$4,378 $4,464 Accrued vendor expenses1,461 1,846 Accrued warranty expense435 520 Accrued taxes244 235 Other90 152 $6,608 $7,217 

9. Notes payable, net

Notes payable, net long-term, outstanding as of September 30, 2025. Long-term borrowings consist of the following:September 30,December 31,20252024Term Loan$20,000 $— Less: unamortized debt related warrant liability(311)— Less: unamortized debt issuance costs(861)—