← BELITE BIO, INC

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $17.3m $42.1m $88.2m $31.7m $352.9m
Prepaid Expense and Other Assets, Current $87k $716k $947k $1.3m $1.1m
Other receivables — $2k $836k $575k $700k
Prepayments and other current assets $87k $716k $947k $1.3m $1.1m
Accrued Interest Receivable — — $0 $575k $634k
Cash Cash Equivalents And Short Term Investments — $42.1m $88.2m $145.1m $492.4m
Cash Equivalents — — — $0 $15.6m
Non Current Prepaid Assets — $88k $104k $130k $425k
Other Short Term Investments — — $0 $113.5m $139.5m
Prepaid Assets — $699k $916k $1.3m $1.1m
Receivables — $19k $867k $594k $718k
Taxes Receivable — $17k $31k $19k $18k
Assets, Current $17.4m $42.8m $89.9m $147.1m $494.3m
Total current assets $17.4m $42.8m $89.9m $147.1m $494.3m
Property, Plant and Equipment, Net $94k $541k $490k $444k $344k
Intangible Assets, Net (Excluding Goodwill) — — — $31k $19k
Goodwill And Other Intangible Assets — $31k $3.3m $4.0m $4.9m
Operating Lease, Right-of-Use Asset — $806k $811k $521k $433k
Additional Financial Items
Held-to-maturity investments — — — $108.9m $139.5m
Prepayments and other non-current assets — $31k $3.3m $4.0m $5.1m
Security deposits $8k $88k $104k $103k $253k
Other payables to related parties $71k — — $13k $5k
Operating lease liabilities - current — $198k $308k $276k $241k
Operating lease liabilities - non-current — $668k $578k $261k $188k
Ordinary shares, par value of US$0.0001 per share; 400,000,000 shares authorized; 31,857,802 and 39,353,365 shares issued; and 31,826,549 and 39,339,960 shares outstanding as of December 31, 2024 and 2025, respectively 1k 3k 3k 3k 4k
Accumulated Depreciation — ($91k) ($183k) ($341k) ($507k)
Capital Lease Obligations — $866k $886k $537k $429k
Cash Financial — $42.1m $88.2m $31.7m $337.3m
Construction In Progress $0 $31k — — —
Current Accrued Expenses — $1.4m $2.4m $4.8m $7.4m
Current Capital Lease Obligation — $198k $308k $276k $241k
Current Debt And Capital Lease Obligation — $198k $308k $276k $241k
Duefrom Related Parties Current $0 $2k $18k $0 —
Dueto Related Parties Current — $0 $0 $13k $5k
Gross PPE — $1.4m $1.5m $1.3m $1.3m
Held To Maturity Securities — — — $0 $280.2m
Invested Capital — $41.5m $90.4m $145.8m $770.5m
Investmentin Financial Assets — — — $0 $280.2m
Investments And Advances — — — $0 $280.2m
Leases — $187k $187k $187k $187k
Long Term Capital Lease Obligation — $668k $578k $261k $188k
Machinery Furniture Equipment — $23k $64k $75k $75k
Net PPE — $1.3m $1.3m $965k $777k
Net Tangible Assets — $41.5m $87.1m $141.9m $765.6m
Non Current Deferred Assets $815k $0 — — —
Ordinary Shares Number — $24.9m $29.1m $31.8m $39.3m
Other Current Liabilities — $74k $149k $289k $599k
Other Properties — $1.2m $1.2m $1.0m $1.0m
Preferred Securities Outside Stock Equity $31.8m $0 — — —
Properties — $0 $0 $0 $0
Share Issued — $24.9m $29.2m $31.9m $39.4m
Tangible Book Value — $41.5m $87.1m $141.9m $765.6m
Treasury Shares Number — — $35k $31k $13k
Working Capital — $40.7m $86.3m $141.0m $484.4m
Accrued Liabilities, Current $1.6m $1.9m $3.3m $5.8m $9.6m
Total non-current assets — $1.5m $4.7m $5.1m $286.3m
Total non-current liabilities — — — $261k $188k
Total shareholders' equity ($15.1m) $41.5m $90.4m $145.8m $770.5m
Total Capitalization — $41.5m $90.4m $145.8m $770.5m
Total Debt — $866k $886k $537k $429k
Assets $18.3m $44.3m $94.6m $152.1m $780.6m
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current — $198k $308k $276k $241k
Operating Lease, Liability, Noncurrent — $668k $578k $261k $188k
Dividends Payable — $0 $0 $0 $0
Accrued expenses and other liabilities $1.6m $1.9m $3.3m $5.8m $9.6m
Payables And Accrued Expenses — $1.4m $2.4m $4.8m $7.4m
Liabilities, Current $1.6m $2.1m $3.6m $6.0m $9.9m
Total current liabilities $1.6m $2.1m $3.6m $6.0m $9.9m
Long Term Debt And Capital Lease Obligation — $668k $578k $261k $188k
Pensionand Other Post Retirement Benefit Plans Current — $382k $727k $703k $1.6m
Liabilities $1.6m $2.8m $4.2m $6.3m $10.1m
Stockholders’ equity:
Common Stock, Value, Issued $1k $3k $3k $3k $4k
Additional Paid in Capital $12.3m $81.8m $162.3m $254.1m $956.3m
Retained Earnings (Accumulated Deficit) ($27.2m) ($39.9m) ($71.5m) ($107.6m) ($185.3m)
Accumulated Other Comprehensive Income (Loss), Net of Tax ($196k) ($392k) ($374k) ($660k) ($536k)
Accumulated other comprehensive loss ($196k) ($392k) ($374k) ($660k) ($536k)
Capital Stock — $3k $3k $3k $4k
Gains Losses Not Affecting Retained Earnings — ($392k) ($374k) ($660k) ($536k)
Stockholders' Equity Attributable to Parent ($15.1m) $41.5m $90.4m $145.8m $770.5m
Total Equity Gross Minority Interest — $41.5m $90.4m $145.8m $770.5m
Total Non Current Liabilities Net Minority Interest — $668k $578k $261k $188k
Liabilities and Equity $18.3m $44.3m $94.6m $152.1m $780.6m
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $18.3m $44.3m $94.6m $152.1m $780.6m

Amounts are shown in USD as reported in each fiscal year filing.