Verastem, inc. (VSTM)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11
Assets
Current assets:
Cash and cash equivalents

135,061

43,514

103,320

113,080

91,525

129,867

130,727

168,692

64,215

82,176

51,270

27,583

28,179

32,349

37,274

39,564

15,147

24,870

19,831

35,172

30,125

33,901

20,557

22,391

13,244

18,889

22,640

13,880

28,245

10,096

11,126

15,751

25,470

20,954

Short-term investments

-

31,992

56,908

74,173

120,134

119,786

14,912

-

-

4,496

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

3,326

2,524

2,203

1,389

558

306

10,562

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory

4,372

3,096

478

294

306

327

131

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

8,994

30,335

44,392

48,548

-

-

-

85,388

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,608

53,302

84,388

-

100,636

96,921

101,946

58,774

72,809

76,204

92,398

82,423

77,290

43,571

38,478

46,480

35,726

22,937

15,597

26,857

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

86

86

86

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

5,887

3,835

4,049

3,410

4,073

2,973

2,397

1,745

1,815

1,115

940

1,835

1,434

398

431

667

1,002

585

714

651

2,801

2,641

1,024

877

857

557

1,077

841

986

506

429

509

490

130

Total current assets

148,646

84,961

166,958

192,346

216,596

253,259

158,729

170,437

66,030

87,787

61,204

59,753

74,005

81,295

87,313

93,533

100,537

110,843

121,181

132,744

134,872

95,316

94,476

99,558

106,585

101,955

101,007

58,292

67,709

57,082

47,281

39,197

41,557

47,941

Property and equipment, net

866

947

1,041

1,149

1,256

1,369

1,210

1,270

1,003

861

989

1,127

1,271

1,417

1,569

1,728

1,865

2,048

2,282

2,456

2,645

2,825

2,885

1,489

577

631

674

730

755

811

884

782

793

709

Right-of-use asset, net

2,995

3,077

3,146

3,225

3,303

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

19,616

20,008

20,400

20,793

21,185

21,577

21,969

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,001

-

-

5,757

8,234

22,344

30,340

20,558

17,691

34,944

50,579

65,599

68,269

8,994

Restricted Cash

35,241

35,241

-

-

-

241

242

242

403

-

162

162

162

162

162

162

162

203

203

203

203

203

203

203

-

-

86

86

86

86

86

86

86

86

Other assets

790

812

1,055

1,028

1,025

790

1,005

969

975

1,143

784

797

811

755

-

-

-

-

-

293

282

305

319

335

330

331

322

295

-

-

-

-

-

1,307

Total assets

208,154

145,046

192,600

218,541

243,365

277,236

183,155

172,918

68,411

89,791

63,139

61,839

76,249

83,629

89,044

95,423

102,564

113,094

123,666

135,696

142,003

98,649

97,883

107,342

115,726

125,261

132,429

79,961

86,241

92,923

98,830

105,664

110,705

59,037

Liabilities and stockholders' equity
Current liabilities:
Accounts payable

7,233

9,655

8,842

11,538

8,593

10,253

11,249

8,514

7,267

9,186

7,363

6,825

8,809

4,095

1,962

2,149

2,595

3,942

3,646

2,999

3,951

3,216

3,299

3,159

2,515

2,760

1,836

2,034

1,926

1,848

1,737

2,450

1,936

2,273

Accrued expenses

18,010

19,365

21,289

19,372

19,828

21,108

38,664

12,234

7,578

7,942

12,255

4,241

4,424

6,896

4,258

3,776

3,529

6,098

7,171

6,478

5,254

5,519

4,861

4,165

3,585

4,327

3,457

2,354

1,114

551

1,412

763

1,001

873

Lease liability, short-term

485

420

379

294

203

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liability, short-term

-

450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

-

-

-

-

-

5,716

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

-

-

-

-

-

-

3,528

1,384

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability classified stock-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

47

360

256

469

225

547

292

717

413

850

324

-

-

-

-

-

Total current liabilities

25,728

29,890

30,510

31,204

28,624

37,077

53,441

22,132

14,845

17,128

19,618

11,066

13,233

10,991

6,220

5,925

6,124

10,109

10,864

9,837

9,461

9,204

8,385

7,871

6,392

7,804

5,706

5,238

3,364

2,399

3,149

3,213

2,937

3,146

Non-current liabilities:
Long-term debt

35,276

35,067

34,882

34,673

24,814

19,506

-

-

-

14,828

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible senior notes

19,938

68,556

101,249

99,163

97,159

95,231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability, long-term

3,359

3,489

3,572

3,694

3,808

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

-

-

-

-

-

-

21,535

23,520

14,913

-

2,335

2,293

2,249

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current liabilities

870

870

870

500

500

1,123

566

399

101

151

201

248

295

341

388

430

472

516

-

-

-

-

-

-

-

-

18

-

-

-

-

-

-

-

Total liabilities

85,171

137,872

171,083

169,234

154,905

152,937

75,542

46,051

29,859

32,107

22,154

13,607

15,777

11,332

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

559

598

637

677

687

292

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

28

38

47

57

66

74

Liability for shares subject to repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-

9

11

-

16

18

20

22

25

27

36

Stockholders’ equity:
Obligation to issue warrant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

406

Commitments and contingencies ( Note 10 )

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

68,141

Preferred stock, $0.0001 par value; 5,000 shares authorized, no shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.0001 par value; 200,000 shares authorized, 162,356 and 80,118 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

16

8

7

7

7

7

7

7

5

5

4

4

4

4

4

4

4

4

4

4

4

3

3

3

3

3

3

2

2

2

2

2

2

1

Additional paid-in capital

685,733

531,937

507,494

505,086

502,021

499,741

471,831

469,415

362,739

360,823

325,886

310,014

308,801

307,587

-

-

-

301,305

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

306,040

304,733

303,006

-

299,215

296,800

288,060

229,770

215,851

212,883

210,015

205,068

202,951

140,430

138,299

136,893

134,118

130,541

129,056

1,702

Accumulated other comprehensive income

9

14

27

86

110

127

2

4

-

-2

2

-5

12

29

60

77

135

43

44

32

39

11

26

29

22

28

80

-3

18

22

22

-11

-45

-2

Accumulated deficit

-562,775

-524,785

-486,011

-455,872

-413,678

-375,576

-364,227

-342,559

-324,192

-303,142

-284,907

-261,781

-248,345

-235,323

-223,668

-215,746

-207,177

-198,883

-187,020

-171,575

-156,198

-141,018

-127,069

-113,736

-100,715

-87,653

-76,329

-65,738

-55,488

-46,451

-38,530

-28,163

-21,338

-14,467

Total stockholders’ equity

122,983

7,174

21,517

49,307

88,460

124,299

107,613

126,867

38,552

57,684

40,985

48,232

60,472

72,297

82,436

89,068

95,968

102,469

112,243

125,261

131,905

88,766

88,811

99,179

109,325

117,446

126,705

74,691

82,831

90,466

95,612

102,369

107,675

-12,766

Total liabilities and stockholders’ equity

208,154

145,046

192,600

218,541

243,365

277,236

183,155

172,918

68,411

89,791

63,139

61,839

76,249

83,629

89,044

95,423

102,564

113,094

123,666

135,696

142,003

98,649

97,883

107,342

115,726

125,261

132,429

79,961

86,241

92,923

98,830

105,664

110,705

59,037