Olema Pharmaceuticals Inc. (OLMA) Financial Statements (2024 and earlier)

Company Profile

Business Address 780 BRANNAN STREET
SAN FRANCISCO, CA 94103
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) (USD)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:261,800,000204,400,000287,300,000
Cash and cash equivalents68,539,00023,702,00013,812,000
Short-term investments193,268,000180,719,000273,438,000
Other undisclosed cash, cash equivalents, and short-term investments(7,000)(21,000)50,000
Receivables673,000319,000 
Prepaid expense1,429,0001,855,0001,989,000
Other undisclosed current assets2,611,0002,325,0001,396,000
Total current assets:266,513,000208,899,000290,685,000
Noncurrent Assets
Operating lease, right-of-use asset2,291,0002,495,0003,246,000
Property, plant and equipment968,0001,480,0001,474,000
Other noncurrent assets  2,771,000540,000
Other undisclosed noncurrent assets7,173,000  
Total noncurrent assets:10,432,0006,746,0005,260,000
TOTAL ASSETS:276,945,000215,645,000295,945,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,698,000374,00023,000
Accounts payable2,698,000374,00023,000
Deferred compensation liability  100,000200,000
Other liabilities17,935,00015,160,0008,065,000
Other undisclosed current liabilities988,000915,000731,000
Total current liabilities:21,621,00016,549,0009,019,000
Noncurrent Liabilities
Long-term debt and lease obligation:   2,358,000
Liabilities, other than long-term debt1,429,0001,550,000 
Operating lease, liability1,429,0001,550,0002,358,000
Other undisclosed noncurrent liabilities   (2,358,000)
Total noncurrent liabilities:1,429,0001,550,0002,358,000
Total liabilities:23,050,00018,099,00011,377,000
Equity
Equity, attributable to parent253,895,000197,546,000284,568,000
Common stock4,0003,0003,000
Additional paid in capital559,176,000408,333,000388,904,000
Accumulated other comprehensive income (loss)347,000(1,813,000)(149,000)
Accumulated deficit(305,632,000)(208,977,000)(104,190,000)
Total equity:253,895,000197,546,000284,568,000
TOTAL LIABILITIES AND EQUITY:276,945,000215,645,000295,945,000

Income Statement (P&L) (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Operating expenses(104,961,000)(106,988,000)(71,491,000)
Operating loss:(104,961,000)(106,988,000)(71,491,000)
Nonoperating income8,306,0002,201,000395,000
Investment income, nonoperating 2,228,000442,000
Loss from continuing operations before income taxes:(96,655,000)(104,787,000)(71,096,000)
Income tax expense (2,000)(1,000) 
Other undisclosed loss from continuing operations   
Loss from continuing operations:(96,657,000)(104,788,000)(71,096,000)
Loss before gain (loss) on sale of properties:(71,096,000)
Other undisclosed net income2,0001,000 
Net loss available to common stockholders, diluted:(96,655,000)(104,787,000)(71,096,000)

Comprehensive Income (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(96,655,000)(104,787,000)(71,096,000)
Comprehensive loss:(96,655,000)(104,787,000)(71,096,000)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,160,000(1,664,000)(149,000)
Comprehensive loss, net of tax, attributable to parent:(94,495,000)(106,451,000)(71,245,000)

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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