ANAPTYSBIO, INC
Business
ANAPTYSBIO, INC is a clinical-stage biotechnology company focused on discovering and developing therapeutic antibodies that modulate immune cells to treat autoimmune and inflammatory diseases. It develops wholly owned product candidates including rosnilimab (a PD-1–targeting depleter/agonist), ANB033 (CD122 antagonist), and ANB101 (BDCA2 modulator), and also discovers antibodies partnered with collaborators. Its business is organized around internal development programs and collaborative partnerships, most notably with GSK and recent licensing arrangements. ANAPTYSBIO conducts global clinical trials and relies on third‑party manufacturers and collaborators for development, regulatory and commercial activities.
Summary from filing dated 2025-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Collaboration revenue | 235 | 91 | 17 | 10 | 63 | |
| Research and development | 136 | 164 | 132 | 89 | 98 | |
| General and administrative | 51 | 42 | 42 | 37 | 21 | |
| Acquired in-process research and development | 0 | 0 | 7 | 0 | 0 | |
| Total operating expenses | 187 | 206 | 182 | 125 | 120 | |
| Income (loss) from operations | 48 | −115 | −164 | −115 | −57 | |
| Interest income | 13 | 20 | 19 | 8 | 431,000 | |
| Non-cash interest expense for the sale of future royalties | −80 | −50 | −18 | −21 | −1 | |
| Other income (expense), net | 5 | 14,000 | −2,000 | 12,000 | 37,000 | |
| Total other (expense) income, net | −61 | −30 | 788,000 | −14 | −982,000 | |
| Loss before income taxes | −13 | −145 | −164 | −129 | −58 | |
| (Provision) benefit for income taxes | −164,000 | −3,000 | 4,000 | −24,000 | 0 | |
| Net loss | −13 | −145 | −164 | −129 | −58 | |
| Unrealized (loss) gain on available for sale securities | −329,000 | 1 | 4 | −5 | — | |
| Comprehensive loss | −14 | −144 | −159 | −134 | −58 | |
| Basic (in dollars per share) | −0.46 | −5.12 | −6.08 | −4.57 | −2.11 | |
| Diluted (in dollars per share) | −0.46 | −5.12 | −6.08 | −4.57 | −2.11 | |
| Basic (in shares) | 29 | 28 | 27 | 28 | 27 | |
| Diluted (in shares) | 29 | 28 | 27 | 28 | 27 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 238 | 123 | 36 | 71 | 496 | |
| Receivables from collaborative partners | 34 | 41 | 7 | 1 | 876,000 | |
| Short-term investments | 73 | 262 | 355 | 370 | 52 | |
| Prepaid expenses and other current assets | 5 | 6 | 9 | 5 | 5 | |
| Total current assets | 350 | 432 | 407 | 447 | 554 | |
| Property and equipment, net | 1 | 2 | 2 | 2 | 2 | |
| Operating lease right-of-use assets | 13 | 14 | 16 | 18 | 20 | |
| Long-term investments | 0 | 35 | 27 | 143 | 67 | |
| Other long-term assets | 256,000 | 256,000 | 256,000 | 256,000 | 256,000 | |
| Total assets | 364 | 484 | 452 | 610 | 643 | |
| Accounts payable | 4 | 4 | 5 | 3 | 2 | |
| Accrued expenses | 33 | 40 | 31 | 22 | 13 | |
| Current portion of operating lease liability | 2 | 2 | 2 | 2 | 2 | |
| Total current liabilities | 39 | 45 | 37 | 26 | 16 | |
| Liability related to sale of future royalties | 277 | 353 | 311 | 304 | 251 | |
| Operating lease liability, net of current portion | 12 | 14 | 16 | 18 | 19 | |
| Preferred stock, $0.001 par value, 10,000 shares authorized and no shares, issued or outstanding at December 31, 2025 and December 31, 2024, respectively | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.001 par value, 500,000 shares authorized, 28,019 shares and 30,473 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 28,000 | 30,000 | 27,000 | 29,000 | 28,000 | |
| Additional paid in capital | 810 | 830 | 703 | 718 | 679 | |
| Accumulated other comprehensive (loss) gain | −24,000 | 305,000 | −797,000 | −5 | −422,000 | |
| Accumulated deficit | −773 | −759 | −614 | −450 | −322 | |
| Total stockholders equity | 37 | 71 | 88 | 262 | 356 | |
| Total liabilities and stockholders equity | 364 | 484 | 452 | 610 | 643 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 559,000 | 606,000 | 652,000 | 675,000 | 619,000 | |
| Stock-based compensation | 36 | 34 | 33 | 27 | 15 | |
| Accretion/amortization of investments, net | −5 | −10 | −11 | −3 | 493,000 | |
| Amortization of right-of-use assets operating | 2 | 2 | 2 | 2 | 1 | |
| Receivables from collaborative partners | 7 | −34 | −5 | −543,000 | −876,000 | |
| Prepaid expenses and other assets | 2 | 3 | −4 | −813,000 | −2 | |
| Accounts payable and other liabilities | −87 | −34 | 11 | 10 | −5 | |
| Operating lease liabilities | −2 | −2 | −2 | −2 | −72,000 | |
| Net cash provided by (used in) operating activities | 20 | −135 | −121 | −74 | −46 | |
| Purchase of investments | −196 | −380 | −304 | −803 | −119 | |
| Sales and maturities of investments | 425 | 476 | 449 | 408 | 159 | |
| Purchases of property and equipment | −87,000 | −358,000 | −807,000 | −358,000 | −1 | |
| Net cash provided by investing activities | 228 | 95 | 145 | −395 | 39 | |
| Proceeds from public offerings, net of underwriters' fees | 0 | 94 | 0 | 0 | — | |
| Proceeds from issuance of common stock | 14 | 6 | 2 | 12 | 3 | |
| Proceeds from the sale of future royalties | 0 | 50 | 0 | 35 | 250 | |
| Principal repayment of liability for sale of future royalties | −77 | −15 | −12 | −2 | 0 | |
| Payments for repurchase of common stock | −69 | −456,000 | −50 | 0 | 0 | |
| Payment for net share settlement of equity awards | −1 | −8 | 0 | 0 | — | |
| Payments for offering costs, net | 0 | −492,000 | 0 | 0 | — | |
| Payments for issuance costs related to the sale of future royalties | 0 | −103,000 | −43,000 | −336,000 | −255,000 | |
| Net cash (used in) provided by financing activities | −133 | 127 | −59 | 44 | 252 | |
| Net increase (decrease) in cash and cash equivalents | 115 | 87 | −35 | −424 | 245 | |
| Interest portion of repayment for sale of future royalties | 80 | 42 | 0 | 0 | 0 | |
| State income taxes paid | 78,000 | 0 | 0 | — | — | |
| Amounts accrued for property and equipment | 0 | 7,000 | 8,000 | 154,000 | 31,000 | |
| Amounts accrued for repurchase of common stock | 382,000 | 0 | 456,000 | 0 | 0 | |
| Receivable related to issuance of common stock, upon exercise of stock options | 29,000 | 0 | −51,000 | 40,000 | — |