Dianthus Therapeutics, Inc. balance sheet
At the end of fiscal 2025, Dianthus Therapeutics, Inc. had total assets of $531m, total liabilities of $37.5m and shareholders' equity of $493m. It held $51.1m in cash against $0 of debt: net cash of $51.1m.
Balance sheet
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | 5 | 51 | 58 | 65 | 132 | 23 | 51 |
| Receivables | — | — | — | — | 0 | 0 | 0 |
| Total current assets | — | 53 | 145 | 150 | 177 | 281 | 409 |
| Total assets | — | 54 | 157 | 162 | 179 | 374 | 531 |
| Accounts payable | — | 0 | 3 | 3 | 3 | 5 | 10 |
| Deferred revenue (current) | — | — | — | — | 0 | 0 | 1 |
| Total current liabilities | — | 4 | 10 | 14 | 10 | 18 | 31 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | — | 4 | 12 | 20 | 11 | 22 | 38 |
| Shareholders' equity | −9 | −42 | 146 | 141 | 169 | 352 | 493 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 92 | — | — | — | — | — |
| Net debt (negative = net cash) | −5 | −51 | −58 | −65 | −132 | −23 | −51 |
| Shares outstanding | — | 35m | 33m | 39m | — | 31m | 43m |
| Quarter | 2024 Q1Mar 2024 | 2024 Q2Jun 2024 | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 0 | 1 | 1 | 0 | 1 | 0 | 5 | 0 |
| Total current assets | 381 | 366 | 287 | 281 | 271 | 264 | 414 | 409 |
| Total assets | 382 | 369 | 354 | 374 | 349 | 326 | 577 | 531 |
| Accounts payable | 3 | 4 | 8 | 5 | 8 | 5 | 7 | 10 |
| Deferred revenue (current) | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Total current liabilities | 9 | 10 | 16 | 18 | 17 | 20 | 24 | 31 |
| Total liabilities | 10 | 11 | 16 | 22 | 20 | 23 | 31 | 38 |
| Shareholders' equity | 373 | 358 | 338 | 352 | 329 | 303 | 546 | 493 |
| Shares outstanding | 29m | 29m | 29m | 31m | 32m | 32m | 43m | 43m |
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