Cyclerion Therapeutics, Inc. (CYCN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
301 BINNEY STREET CAMBRIDGE, MA 02142 |
| State of Incorp. | MA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 7,571 | 13,382 | 53,961 | 54,395 | 94,895 | |||
| Cash and cash equivalent | 7,571 | 13,382 | 53,961 | 54,395 | 94,895 | |||
| Receivables | 96 | 100 | 127 | 1,474 | ||||
| Prepaid expense | 442 | 805 | 928 | 816 | 1,966 | |||
| Other current assets | 11 | 537 | 468 | 3,163 | 2,862 | |||
| Total current assets: | 8,024 | 14,820 | 55,457 | 58,501 | 101,197 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 1,218 | 1,402 | 43,402 | 68,137 | ||||
| Property, plant and equipment | 65 | 6,865 | 11,613 | |||||
| Long-term investments and receivables | 5,350 | |||||||
| Long-term investments | 5,350 | |||||||
| Restricted cash and investments | 3,837 | 4,991 | ||||||
| Other noncurrent assets | 2,041 | 2,407 | 2,773 | 540 | ||||
| Total noncurrent assets: | 5,350 | 3,259 | 3,874 | 56,877 | 85,281 | |||
| TOTAL ASSETS: | 13,374 | 18,079 | 59,331 | 115,378 | 186,478 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 1,894 | 5,284 | 4,234 | 8,267 | 12,146 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 2,008 | 6,429 | 8,475 | ||
| Accounts payable | 1,198 | 2,970 | 1,828 | 1,149 | 3,230 | |||
| Accrued liabilities | 696 | 2,314 | 398 | 689 | 441 | |||
| Debt | 3,500 | 6,802 | 3,420 | |||||
| Due to related parties | ✕ | ✕ | 286 | 81 | ||||
| Other undisclosed current liabilities | 192 | 2,343 | 3,351 | 1,597 | 2,602 | |||
| Total current liabilities: | 2,086 | 7,627 | 11,085 | 16,952 | 18,249 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation: | 38,933 | 70,500 | ||||||
| Operating lease, liability | 38,933 | 70,500 | ||||||
| Total noncurrent liabilities: | 38,933 | 70,500 | ||||||
| Total liabilities: | 2,086 | 7,627 | 11,085 | 55,885 | 88,749 | |||
| Equity | ||||||||
| Equity, attributable to parent | 11,288 | 10,452 | 48,246 | 59,493 | 97,729 | |||
| Additional paid in capital | 275,717 | 269,626 | 263,345 | 222,949 | 183,376 | |||
| Accumulated other comprehensive loss | (12) | (20) | (23) | (27) | (20) | |||
| Accumulated deficit | (264,417) | (259,154) | (215,076) | (163,429) | (85,627) | |||
| Total equity: | 11,288 | 10,452 | 48,246 | 59,493 | 97,729 | |||
| TOTAL LIABILITIES AND EQUITY: | 13,374 | 18,079 | 59,331 | 115,378 | 186,478 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,625 | 3,942 | 2,296 | 4,507 | |||
| Gross profit: | 1,625 | 3,942 | 2,296 | 4,507 | |||
| Operating expenses | (12,951) | (45,997) | (59,137) | (83,561) | (129,544) | ||
| Operating loss: | (12,951) | (44,372) | (55,195) | (81,265) | (125,037) | ||
| Nonoperating income (expense) | 358 | 294 | (16) | 588 | 2,029 | ||
| Investment income, nonoperating | 588 | 2,029 | |||||
| Other nonoperating income | |||||||
| Interest and debt expense | 3,564 | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (12,593) | (44,078) | (51,647) | (80,677) | (123,008) | ||
| Other undisclosed income from continuing operations before income taxes | 7,330 | 2,875 | 602 | ||||
| Loss from continuing operations before income taxes: | (5,263) | (44,078) | (51,647) | (77,802) | (122,406) | ||
| Other undisclosed loss from continuing operations | (7,330) | ||||||
| Loss from continuing operations: | (12,593) | (44,078) | (51,647) | (77,802) | (122,406) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (51,647) | (77,802) | (122,406) | |
| Income from discontinued operations | 7,330 | ||||||
| Other undisclosed net loss | (602) | ||||||
| Net loss available to common stockholders, basic: | (5,263) | (44,078) | (51,647) | (77,802) | (123,008) | ||
| Dilutive securities, effect on basic earnings per share | 820,842 | 8,427,480 | 7,623,230 | ||||
| Net income (loss) available to common stockholders, diluted: | 815,579 | 8,383,402 | 7,571,583 | (77,802) | (123,008) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (5,263) | (44,078) | (51,647) | (77,802) | (123,008) | ||
| Other comprehensive loss | (7) | (20) | |||||
| Other undisclosed comprehensive income (loss) | 8 | 3 | 4 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (5,255) | (44,075) | (51,643) | (77,809) | (123,028) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.