← BICYCLE THERAPEUTICS PLC
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current assets: | |||||||||
| Cash and Cash Equivalents, at Carrying Value | $0 | $0 | $0 | $438.7m | $339.2m | $526.4m | $879.5m | $628.1m | |
| Prepaid Expense and Other Assets, Current | $2.1m | $4.9m | $5.1m | $8.0m | $9.0m | $11.4m | $13.4m | $19.2m | |
| Cash and cash equivalents | — | — | — | $438.7m | $339.2m | $526.4m | $879.5m | $628.1m | |
| Prepaid expenses and other current assets | $2.1m | $4.9m | $5.1m | $8.0m | $9.0m | $11.4m | $13.4m | $19.2m | |
| Research and development incentives receivable | $6.3m | $6.9m | $9.2m | $10.9m | $19.2m | $24.0m | $35.7m | $35.6m | |
| Accounts Receivable | — | — | — | $1.0m | $2.0m | $0 | — | — | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | $339.2m | $526.4m | $879.5m | $628.1m | |
| Other Current Assets | — | — | — | — | $9.0m | $11.4m | $13.4m | $19.2m | |
| Other Receivables | — | — | — | — | $19.2m | $24.0m | $35.7m | $35.6m | |
| Assets, Current | $76.8m | $104.1m | $155.7m | $458.6m | $369.4m | $561.9m | $928.6m | $682.9m | |
| Total current assets | $76.8m | $104.1m | $155.7m | $458.6m | $369.4m | $561.9m | $928.6m | $682.9m | |
| Property, Plant and Equipment, Net | $1.8m | $2.3m | $2.3m | $3.1m | $19.1m | $14.5m | $9.5m | $6.0m | |
| Operating Lease, Right-of-Use Asset | — | $2.1m | $1.3m | $14.7m | $13.7m | $13.2m | $7.7m | $15.9m | |
| Other Assets, Noncurrent | $3.0m | $1.7m | $1.8m | $3.4m | $8.5m | $5.8m | $11.1m | $12.8m | |
| Operating lease right-of-use assets | — | $2.1m | $1.3m | $14.7m | $13.7m | $13.2m | $7.7m | $15.9m | |
| Other assets | $3.0m | $1.7m | $1.8m | $3.4m | $8.5m | $5.8m | $11.1m | $12.8m | |
| Additional Financial Items | |||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $5.0m | $201k | $5.5m | $1.0m | $2.0m | $0 | $0 | $0 | |
| Accrued expenses and other current liabilities | $7.0m | $6.1m | $11.6m | $14.2m | $26.5m | $31.5m | $41.2m | $44.4m | |
| Operating lease liabilities, net of current portion | — | $1.3m | $426k | $12.1m | $10.9m | $9.4m | $4.0m | $14.1m | |
| Other longterm liabilities | $897k | $2.0m | $2.6m | $3.3m | $3.8m | $4.6m | $1.1m | $1.0m | |
| Ordinary shares, including non-voting ordinary shares, £0.01 nominal value; 159,685,229 and 155,876,645 shares authorized at December 31, 2025 and December 31, 2024, respectively; 69,367,896 and 69,061,418 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 10k | 227k | 266k | 384k | 387k | 550k | 890k | 894k | |
| Accumulated Depreciation | — | — | — | — | ($7.9m) | ($13.4m) | ($18.9m) | ($26.2m) | |
| Capital Lease Obligations | — | — | — | — | $14.0m | $14.3m | $9.5m | $16.9m | |
| Current Accrued Expenses | — | — | — | — | $11.9m | $13.0m | $19.2m | $24.5m | |
| Current Capital Lease Obligation | — | — | — | — | $3.1m | $4.9m | $5.5m | $2.8m | |
| Current Debt And Capital Lease Obligation | — | — | — | — | $3.1m | $4.9m | $5.5m | $2.8m | |
| Current Deferred Liabilities | — | — | — | — | $20.4m | $25.0m | $10.2m | $3.0m | |
| Gross PPE | — | — | — | — | $40.6m | $41.1m | $36.1m | $48.1m | |
| Invested Capital | — | — | — | — | $301.1m | $401.6m | $793.1m | $610.0m | |
| Leases | — | — | — | — | $10.7m | $11.0m | $10.9m | $12.0m | |
| Long Term Capital Lease Obligation | — | — | — | — | $10.9m | $9.4m | $4.0m | $14.1m | |
| Machinery Furniture Equipment | — | — | — | — | $1.4m | $1.4m | $1.9m | $1.5m | |
| Net PPE | — | — | — | — | $32.8m | $27.7m | $17.2m | $21.9m | |
| Net Tangible Assets | — | — | — | — | $270.8m | $370.9m | $793.1m | $610.0m | |
| Non Current Deferred Liabilities | — | — | — | — | $41.5m | $110.2m | $91.5m | $35.5m | |
| Ordinary Shares Number | — | — | — | — | $29.9m | $42.4m | $69.1m | $69.4m | |
| Other Current Liabilities | — | — | — | — | $1.5m | $257k | $297k | $136k | |
| Other Equity Adjustments | — | — | — | — | $387k | ($1.3m) | $119k | ($3.5m) | |
| Other Non Current Assets | — | — | — | — | $8.5m | $5.8m | $11.1m | $12.8m | |
| Other Non Current Liabilities | — | — | — | — | $3.8m | $4.6m | $1.1m | $1.0m | |
| Other Properties | — | — | — | — | $28.5m | $28.7m | $23.4m | $34.6m | |
| Properties | — | — | — | — | $0 | $0 | $0 | $0 | |
| Share Issued | — | — | — | — | $29.9m | $42.4m | $69.1m | $69.4m | |
| Tangible Book Value | — | — | — | — | $270.8m | $370.9m | $793.1m | $610.0m | |
| Working Capital | — | — | — | — | $316.0m | $492.3m | $861.4m | $625.9m | |
| Accrued Liabilities, Current | $7.0m | $6.1m | $11.6m | $14.2m | $26.5m | $31.5m | $41.2m | $44.4m | |
| Total shareholders' equity | ($69.8m) | $93.2m | $95.5m | $346.3m | $270.8m | $370.9m | $793.1m | $610.0m | |
| Total Capitalization | — | — | — | — | $301.1m | $401.6m | $793.1m | $610.0m | |
| Total Debt | — | — | — | — | $44.3m | $45.0m | $9.5m | $16.9m | |
| Total Non Current Assets | — | — | — | — | $41.2m | $33.5m | $28.3m | $34.7m | |
| Assets | $81.6m | $110.2m | $161.2m | $479.8m | $410.6m | $595.3m | $956.9m | $717.6m | |
| Total assets | $81.6m | $110.2m | $161.2m | $479.8m | $410.6m | $595.3m | $956.9m | $717.6m | |
| LIABILITIES AND EQUITY | |||||||||
| Current liabilities: | |||||||||
| Operating Lease, Liability, Current | — | $640k | $844k | $2.4m | $3.1m | $4.9m | $5.3m | $2.6m | |
| Accounts Payable, Current | $1.9m | $1.9m | $1.4m | $2.7m | $6.5m | $13.1m | $15.8m | $9.7m | |
| Operating Lease, Liability, Noncurrent | — | $1.3m | $426k | $12.1m | $10.9m | $9.4m | $4.0m | $14.1m | |
| Deferred Revenue, Current | $10k | $728k | $10.1m | $19.3m | $20.4m | $25.0m | $10.2m | $3.0m | |
| Deferred Revenue, Noncurrent | $14.6m | $4.9m | $25.0m | $52.1m | $41.5m | $110.2m | $91.5m | $35.5m | |
| Long-term Debt, Excluding Current Maturities | — | — | $14.5m | $29.9m | $30.3m | $30.7m | — | — | |
| Long-term Debt, Excluding Current Maturities | — | — | $14.5m | $29.9m | $30.3m | $30.7m | — | — | |
| Payables And Accrued Expenses | — | — | — | — | $18.4m | $26.0m | $35.0m | $34.1m | |
| Liabilities, Current | $8.9m | $8.8m | $23.1m | $36.2m | $53.3m | $69.5m | $67.2m | $57.0m | |
| Total current liabilities | $8.9m | $8.8m | $23.1m | $36.2m | $53.3m | $69.5m | $67.2m | $57.0m | |
| Other Liabilities, Noncurrent | $897k | $2.0m | $2.6m | $3.3m | $3.8m | $4.6m | $1.1m | $1.0m | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | $41.2m | $40.1m | $4.0m | $14.1m | |
| Pensionand Other Post Retirement Benefit Plans Current | — | — | — | — | $9.9m | $13.4m | $16.3m | $17.0m | |
| Liabilities | $29.3m | $17.0m | $65.7m | $133.5m | $139.8m | $224.4m | $163.8m | $107.6m | |
| Total liabilities | $29.3m | $17.0m | $65.7m | $133.5m | $139.8m | $224.4m | $163.8m | $107.6m | |
| Stockholders’ equity: | |||||||||
| Common Stock, Value, Issued | $10k | $227k | $266k | $384k | $387k | $550k | $890k | $894k | |
| Additional Paid in Capital | $1.9m | $195.1m | $249.9m | $567.6m | $601.1m | $883.4m | $1.5b | $1.5b | |
| Retained Earnings (Accumulated Deficit) | ($69.9m) | ($100.5m) | ($151.6m) | ($218.4m) | ($331.1m) | ($511.8m) | ($680.8m) | ($899.8m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($1.8m) | ($1.5m) | ($3.2m) | ($3.4m) | $387k | ($1.3m) | $119k | ($3.5m) | |
| Accumulated other comprehensive (loss) income | ($1.8m) | ($1.5m) | ($3.2m) | ($3.4m) | $387k | ($1.3m) | $119k | ($3.5m) | |
| Accumulated deficit | ($69.9m) | ($100.5m) | ($151.6m) | ($218.4m) | ($331.1m) | ($511.8m) | ($680.8m) | ($899.8m) | |
| Capital Stock | — | — | — | — | $387k | $550k | $890k | $894k | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | $387k | ($1.3m) | $119k | ($3.5m) | |
| Stockholders' Equity Attributable to Parent | ($69.8m) | $93.2m | $95.5m | $346.3m | $270.8m | $370.9m | $793.1m | $610.0m | |
| Total Equity Gross Minority Interest | — | — | — | — | $270.8m | $370.9m | $793.1m | $610.0m | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | $86.5m | $154.9m | $96.6m | $50.6m | |
| Liabilities and Equity | $81.6m | $110.2m | $161.2m | $479.8m | $410.6m | $595.3m | $956.9m | $717.6m | |
| Total liabilities and shareholders' equity | $81.6m | $110.2m | $161.2m | $479.8m | $410.6m | $595.3m | $956.9m | $717.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.