CRISPR Therapeutics AG
Business
CRISPR Therapeutics AG is a gene editing company developing CRISPR/Cas9‑based therapeutics to treat serious human diseases. It develops ex vivo and in vivo gene‑edited medicines and engineered cell therapies, including the approved exa‑cel (CASGEVY), next‑generation allogeneic CAR T candidates, liver‑directed in vivo programs (e.g., CTX310, CTX320), and gene‑edited stem cell‑derived approaches for type 1 diabetes. Its business is organized across four core franchises: hemoglobinopathies, CAR T, in vivo approaches and type 1 diabetes, plus early‑stage CRISPR‑X research. CRISPR distributes clinical and potential commercial products through strategic partnerships, internal GMP manufacturing and third‑party contract manufacturers across the U.S., Europe and other global markets.
Summary from filing dated 2025-02-11
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 |
|---|---|---|---|---|---|---|
| Total revenue | 4 | 37 | 371 | 1 | 915 | |
| Research and development | 285 | 310 | 387 | 462 | 341 | |
| Acquired in-process research and development | 96 | 0 | 0 | — | — | |
| General and administrative | 74 | 73 | 76 | 102 | 100 | |
| Collaboration expense, net | 213 | 121 | 130 | 110 | 101 | |
| Total operating expenses | 668 | 504 | 594 | 674 | 541 | |
| Loss from operations | −665 | −467 | −223 | −673 | 374 | |
| Other income, net | 87 | 104 | 72 | 23 | 6 | |
| Total other income, net | 87 | 104 | 72 | 23 | 6 | |
| Net loss before income taxes | −578 | −363 | −151 | −651 | 380 | |
| Provision for income taxes | −4 | −4 | −3 | 325,000 | −2 | |
| Net loss | −582 | −366 | −154 | −650 | 378 | |
| Foreign currency translation adjustment | 95,000 | −21,000 | 73,000 | −80,000 | −11,000 | |
| Unrealized gain (loss) on marketable securities | 3 | −52,000 | 17 | −11 | −5 | |
| Comprehensive loss | −579 | −366 | −136 | −661 | 373 | |
| Net loss per common share - basic | −6.47 | −4.34 | −1.94 | −8.36 | 4.97 | |
| Basic weighted-average common shares outstanding | 90 | 84 | 79 | 78 | 76 | |
| Net loss per common share - diluted | −6.47 | −4.34 | −1.94 | −8.36 | 4.7 | |
| Diluted weighted-average common shares outstanding | 90 | 84 | 79 | 78 | 80 |
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 | 348 | 298 | 389 | 212 | 923 | |
| Marketable securities | 1,628 | 1,606 | 1,304 | 1,603 | 1,456 | |
| Accounts receivable | 0 | 25 | 200 | 0 | 305,000 | |
| Prepaid expenses and other current assets | 10 | 8 | 14 | 38 | 38 | |
| Total current assets | 1,986 | 1,937 | 1,908 | 1,853 | 2,418 | |
| Property and equipment, net | 116 | 134 | 152 | 164 | 138 | |
| Restricted cash | 8 | 12 | 12 | 12 | 17 | |
| Operating lease assets | 132 | 143 | 154 | 157 | 174 | |
| Other non-current assets | 24 | 16 | 2 | 5 | 5 | |
| Total assets | 2,265 | 2,242 | 2,230 | 2,243 | 2,752 | |
| Accounts payable | 11 | 15 | 38 | 27 | 15 | |
| Accrued expenses | 89 | 41 | 45 | 78 | 91 | |
| Deferred revenue, current | 16 | 4 | 4 | 0 | 1 | |
| Accrued tax liabilities | 1 | 451,000 | 438,000 | 135,000 | 724,000 | |
| Operating lease liabilities | 19 | 17 | 16 | 16 | 12 | |
| Other current liabilities | 13 | 10 | 5 | 20,000 | 171,000 | |
| Total current liabilities | 149 | 88 | 109 | 121 | 120 | |
| Deferred revenue, non-current | 0 | 12 | 14 | 12 | 12 | |
| Operating lease liabilities, net of current portion | 188 | 206 | 223 | 228 | 213 | |
| Other non-current liabilities | 6 | 3 | 958,000 | 6 | 7 | |
| Total liabilities | 343 | 310 | 347 | 368 | 352 | |
| Commitments and contingencies (Note 9) | — | — | — | — | — | |
| Common shares, CHF 0.03 nominal value, 132,477,166 shares authorized at December 31, 2025 and December 31, 2024, 96,009,657 and 85,912,297 shares issued at December 31, 2025 and December 31, 2024, respectively, 95,894,341 and 85,741,981 shares outstanding at December 31, 2025 and December 31, 2024, respectively | 3 | 3 | 2 | 2 | 2 | |
| Treasury shares, at cost, 115,316 and 170,316 shares at December 31, 2025 and December 31, 2024, respectively | −60,000 | −62,000 | −62,000 | −63,000 | −63,000 | |
| Additional paid-in capital | 3,862 | 3,294 | 2,878 | 2,735 | 2,598 | |
| Accumulated deficit | −1,948 | −1,366 | −1,000 | −846 | −196 | |
| Accumulated other comprehensive income | 5 | 2 | 2 | −16 | −5 | |
| Total shareholders equity | 1,922 | 1,932 | 1,883 | 1,875 | 2,399 | |
| Total liabilities and shareholders equity | 2,265 | 2,242 | 2,230 | 2,243 | 2,752 |
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 |
|---|---|---|---|---|---|---|
| Net loss | −582 | −366 | −154 | −650 | 378 | |
| Depreciation and amortization | 19 | 19 | 20 | 24 | 18 | |
| Stock-based compensation expense | 72 | 87 | 81 | 98 | 102 | |
| Other non-cash items, net | −24 | −39 | −17 | 12 | 14 | |
| Acquired in-process research and development | — | — | 3 | — | — | |
| Accounts receivable | 25 | 175 | −200 | 305,000 | −161,000 | |
| Prepaid expenses and other assets | 3 | 5 | 23 | 2 | −14 | |
| Accounts payable and accrued expenses | 45 | −27 | −20 | 5 | 38 | |
| Deferred revenue | −397,000 | −2 | 6 | −1 | −783,000 | |
| Operating lease assets and liabilities | −5 | −4 | −2 | 15 | 10 | |
| Other liabilities, net | 4 | 10 | 110,000 | −2 | −5 | |
| Net cash used in operating activities | −345 | −143 | −260 | −496 | 539 | |
| Purchase of property, plant and equipment | −914,000 | −2 | −9 | −37 | −82 | |
| Purchase of in-process research and development | −25 | 0 | −3 | 0 | 0 | |
| Investment in equity securities | −10 | −23 | 0 | 0 | — | |
| Sale of equity securities | 702,000 | 0 | 0 | — | — | |
| Purchases of marketable debt securities | −1,008 | −1,463 | −1,066 | −1,418 | −1,509 | |
| Maturities of marketable debt securities | 1,011 | 1,208 | 1,453 | 1,196 | 556 | |
| Net cash used in (provided by) investing activities | −32 | −280 | 375 | −259 | −1,035 | |
| Proceeds from issuance of common shares, net of issuance costs | 398 | 301 | 33 | 970,000 | 213 | |
| Proceeds from exercise of options and ESPP contributions, net of issuance costs | 28 | 31 | 30 | 38 | 38 | |
| Net cash provided by financing activities | 426 | 332 | 63 | 39 | 251 | |
| Effect of exchange rate changes on cash | 95,000 | −21,000 | 73,000 | −80,000 | −11,000 | |
| Increase (decrease) in cash | 49 | −91 | 177 | −716 | −246 | |
| Property and equipment purchases in accounts payable and accrued expenses | 394,000 | 154,000 | 725,000 | 2 | 8 | |
| Equity issuance costs in accounts payable and accrued expenses | 5 | 3 | 417,000 | 99,000 | 334,000 | |
| Acquired in-process research and development expense related to issuance of common shares | 71 | 0 | 0 | — | — |