Company: XOMAP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001558370-25-011305
Chunk: 1

Company: XOMA Royalty Corp
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

XOMA ROYALTY CORPORATION 

CONDENSED CONSOLIDATED BALANCE SHEETS 

(unaudited)

(in thousands, except share and per share amounts)

​​​​​​​​​June 30, ​December 31, ​​2025​2024ASSETS​​​​​​Current assets:​​​​​​Cash and cash equivalents​$ 75,060​$ 101,654Short-term restricted cash​​ 80​​ 1,330Investment in equity securities​​ 8,801​​ 3,529Trade and other receivables, net​  1,817​  1,839Short-term royalty and commercial payment receivables under the EIR method​​ 17,960​​ 14,763Short-term royalty and commercial payment receivables under the cost recovery method​​ 700​​ 413Prepaid expenses and other current assets​  507​  2,076Total current assets​  104,925​  125,604​​​​​​​Long-term restricted cash​​ 3,345​  3,432Property and equipment, net​  26​  32Operating lease right-of-use assets​​ 288​​ 319Long-term royalty and commercial payment receivables under the EIR method​  4,775​  4,970Long-term royalty and commercial payment receivables under the cost recovery method​​ 58,937​​ 55,936Exarafenib milestone asset​  3,402​  3,214Investment in warrants​​ 609​​ —Intangible assets, net​​ 45,434​​ 25,909Other assets - long term​  1,715​  1,861Total assets​$ 223,456​$ 221,277​​​​​​​LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY​​​​​​Current liabilities:​​​​​​Accounts payable​$ 1,138​$ 1,053Accrued and other liabilities​  5,411​  5,752Contingent consideration under RPAs, AAAs, and CPPAs​​ —​​ 3,000Operating lease liabilities​​ 472​​ 446Unearned revenue recognized under units-of-revenue method​  1,434​  1,361Preferred stock dividend accrual​​