Scholar Rock Holding Corporation (SRRK) Financial Statements (2024 and earlier)

Company Profile

Business Address 301 BINNEY STREET
CAMBRIDGE, MA 02142
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2836 - Biological Products, Except Diagnostic Substances (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
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments279,938315,361252,994341,031157,448175,645
Cash and cash equivalents101,855103,275212,835160,35836,308115,069
Short-term investments178,083212,08640,159180,673121,14060,576
Receivables1,076   25,000 
Prepaid expense3,121     
Other undisclosed current assets4,05912,66312,3253,3732,7192,296
Total current assets:288,194328,024265,319344,404185,167177,941
Noncurrent Assets
Operating lease, right-of-use asset11,41718,54325,44232,2614,447
Property, plant and equipment4,6007,3849,5648,1214,1713,190
Restricted cash and investments2,4072,4982,4982,4982,498205
Other noncurrent assets4,4171,7191,6221,02198 
Total noncurrent assets:22,84130,14439,12643,90111,2143,395
TOTAL ASSETS:311,035358,168304,445388,305196,381181,336
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23,91428,31521,89018,36710,74010,460
Accounts payable3,4653,9944,4343,4091,1303,303
Accrued liabilities20,44924,32117,45614,9589,6107,157
Deferred revenue   33,19318,81620,923
Debt1,334 1,577 1,135438
Deferred rent credit      16
Other liabilities852222301516 
Contract with customer, liability20,209
Other undisclosed current liabilities7,4087,8527,4075,366  
Total current liabilities:32,74136,38964,29742,56432,81431,123
Noncurrent Liabilities
Long-term debt and lease obligation, including:48,68449,74468,07451,7734,17724
Long-term debt, excluding current maturities48,68449,74448,42224,6809 
Other undisclosed long-term debt and lease obligation      24
Liabilities, other than long-term debt4,39211,800 33,19846,48943,566
Deferred revenue    33,19346,489
Contract with customer, liability42,695
Deferred rent credit      871
Other liabilities    5  
Operating lease, liability4,39211,80019,65227,0934,168
Other undisclosed noncurrent liabilities   (19,652)   
Total noncurrent liabilities:53,07661,54468,07484,97150,66643,590
Total liabilities:85,81797,933132,371127,53583,48074,713
Equity
Equity, attributable to parent225,218260,235172,074260,770112,901106,623
Common stock765235343026
Additional paid in capital901,471771,699548,204505,069270,682213,453
Accumulated other comprehensive income (loss)92(884)(35)(2)37(8)
Accumulated deficit(676,421)(510,632)(376,130)(244,331)(157,848)(106,848)
Total equity:225,218260,235172,074260,770112,901106,623
TOTAL LIABILITIES AND EQUITY:311,035358,168304,445388,305196,381181,336

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
12/31/2018
Revenues2,00033,19318,81615,40320,492 
Sublease income2,0002,7002,300  
Gross profit:2,00033,19318,81615,40320,492 
Operating expenses(171,295)(167,563)(148,737)(102,281)(75,034)(50,692)
Other undisclosed operating loss(2,000)     
Operating loss:(171,295)(134,370)(129,921)(86,878)(54,542)(50,692)
Nonoperating income (expense)5,506(132)(1,878)3953,5421,366
Interest and debt expense (6,500)(4,700)(2,100)(458)  
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Loss from continuing operations:(172,289)(139,202)(133,899)(86,941)(51,000)(49,326)
Loss before gain (loss) on sale of properties:(133,899)(86,941)(51,000)(49,326)
Other undisclosed net income6,5004,7002,100458  
Net loss available to common stockholders, diluted:(165,789)(134,502)(131,799)(86,483)(51,000)(49,326)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(165,789)(134,502)(131,799)(86,483)(51,000)(49,326)
Comprehensive loss:(165,789)(134,502)(131,799)(86,483)(51,000)(49,326)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent976(849)(33)(39)45(6)
Comprehensive loss, net of tax, attributable to parent:(164,813)(135,351)(131,832)(86,522)(50,955)(49,332)

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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