Bridgebio Pharma, Inc. balance sheet
At the end of fiscal 2025, Bridgebio Pharma, Inc. had total assets of $936m, total liabilities of $3.01bn and shareholders' equity of −$2.09bn. It held $570m in cash against $2.01bn of debt: net debt of $1.44bn.
Balance sheet
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 364 | 356 | 394 | 377 | 376 | 681 | 570 | 1,533 |
| Receivables | — | — | — | — | 2 | 5 | 139 | 375 |
| Inventory | — | — | — | — | — | 0 | 27 | 60 |
| Total current assets | 569 | 643 | 889 | 549 | 478 | 721 | 798 | 2,045 |
| Total assets | 632 | 704 | 1,013 | 623 | 546 | 919 | 936 | 2,162 |
| Accounts payable | 9 | 9 | 12 | 12 | 11 | 10 | 36 | 88 |
| Deferred revenue (current) | — | — | 0 | 8 | 6 | 15 | 7 | 5 |
| Total current liabilities | 60 | 96 | 135 | 121 | 144 | 154 | 288 | 977 |
| Short-term debt | — | 1 | — | — | — | — | — | — |
| Long-term debt | 92 | 92 | 431 | 431 | 446 | 437 | 2,007 | 2,630 |
| Total debt | 95 | 94 | 431 | 431 | 446 | 437 | 2,007 | 2,630 |
| Total liabilities | 156 | 596 | 1,878 | 1,868 | 1,889 | 2,377 | 3,013 | 3,815 |
| Shareholders' equity | 408 | 58 | −870 | −1,255 | −1,354 | −1,468 | −2,087 | −1,662 |
| Non-controlling interests and other (assets − liabilities − equity) | 68 | 50 | — | — | 12 | — | — | — |
| Net debt (negative = net cash) | −268 | −262 | 37 | 54 | 71 | −244 | 1,437 | 1,097 |
| Shares outstanding | 124m | 123m | 147m | 151m | 175m | 190m | 195m | 196m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 5 | 115 | 77 | 117 | 139 | 205 | 254 | 375 |
| Inventory | 0 | 4 | 18 | 25 | 27 | 33 | 53 | 60 |
| Total current assets | 721 | 695 | 912 | 839 | 798 | 1,241 | 1,093 | 2,045 |
| Total assets | 919 | 882 | 1,080 | 998 | 936 | 1,371 | 1,217 | 2,162 |
| Accounts payable | 10 | 28 | 26 | 19 | 36 | 29 | 27 | 88 |
| Deferred revenue (current) | 15 | 12 | 11 | 9 | 7 | 6 | 6 | 5 |
| Total current liabilities | 154 | 152 | 176 | 217 | 288 | 816 | 891 | 977 |
| Long-term debt | 437 | 0 | 0 | 2,007 | 2,007 | 2,653 | 2,653 | 2,630 |
| Total debt | 437 | 0 | 0 | 2,007 | 2,007 | 2,653 | 2,653 | 2,630 |
| Total liabilities | 2,377 | 2,520 | 2,859 | 2,921 | 3,013 | 3,640 | 3,723 | 3,815 |
| Shareholders' equity | −1,468 | −1,648 | −1,788 | −1,933 | −2,087 | −2,278 | −2,515 | −1,662 |
| Shares outstanding | 190m | 190m | 191m | 193m | 195m | 196m | 195m | 196m |
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