Morphic Holding Inc. (MORF) Financial Statements (2024 and earlier)

Company Profile

Business Address 35 GATEHOUSE DRIVE A2
WALTHAM, MA 02451
State of Incorp. DE
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58,57759,272171,434228,264237,016
Cash and cash equivalents58,57759,272171,434102,047101,559
Short-term investments    126,217135,457
Receivables  4552,3077,3143,467
Other undisclosed current assets658,351302,455244,5933,8573,090
Total current assets:716,928362,182418,334239,435243,573
Noncurrent Assets
Operating lease, right-of-use asset2,1333,5144,806  
Property, plant and equipment2,7672,1192,5832,6063,446
Other noncurrent assets126214766141
Other undisclosed noncurrent assets560560560275275
Total noncurrent assets:5,5866,4077,9562,9473,862
TOTAL ASSETS:722,514368,589426,290242,382247,435
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:17,07813,18112,83810,1606,639
Employee-related liabilities6,3965,1483,159
Accounts payable7,6983,4754,7983,845 
Accrued liabilities1,1048539636771,015
Other undisclosed accounts payable and accrued liabilities8,2768,8536814902,465
Deferred revenue  47020,62825,26623,450
Deferred rent credit    16794
Other undisclosed current liabilities7,6983,4754,7983,8455,167
Total current liabilities:24,77617,12638,26439,43835,350
Noncurrent Liabilities
Long-term debt and lease obligation:   3,838  
Liabilities, other than long-term debt7162,34447,48957,74771,167
Deferred revenue   47,48957,67270,954
Deferred rent credit    75213
Operating lease, liability7162,3443,838  
Total noncurrent liabilities:7162,34451,32757,74771,167
Total liabilities:25,49219,47089,59197,185106,517
Equity
Equity, attributable to parent697,022349,119336,699145,197140,918
Common stock54433
Additional paid in capital1,143,919649,549575,231287,727238,384
Accumulated other comprehensive income (loss)2,288(3,339)(482)(21)44
Accumulated deficit(449,190)(297,095)(238,054)(142,512)(97,513)
Total equity:697,022349,119336,699145,197140,918
TOTAL LIABILITIES AND EQUITY:722,514368,589426,290242,382247,435

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues 52170,80819,79444,94516,977
Gross profit: 52170,80819,79444,94516,977
Operating expenses(179,207)(134,204)(115,600)(92,125)(63,965)
Operating loss:(178,686)(63,396)(95,806)(47,180)(46,988)
Nonoperating income26,9714,4222641,6114,572
Other nonoperating income (expense) 2(145)(8)1,6114,572
Loss from continuing operations before income taxes:(151,715)(58,974)(95,542)(45,569)(42,416)
Income tax expense (benefit)(380)(67) 570(912)
Loss from continuing operations:(152,095)(59,041)(95,542)(44,999)(43,328)
Loss before gain (loss) on sale of properties:(95,542)(44,999)(43,328)
Net loss available to common stockholders, diluted:(152,095)(59,041)(95,542)(44,999)(43,328)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net loss:(152,095)(59,041)(95,542)(44,999)(43,328)
Other comprehensive income (loss)5,627(2,857)(461)(65)44
Comprehensive loss, net of tax, attributable to parent:(146,468)(61,898)(96,003)(45,064)(43,284)

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.

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