Korsana Biosciences, Inc. balance sheet
At the end of fiscal 2025, Korsana Biosciences, Inc. had total assets of $10.0m and shareholders' equity of $9.1m. It held $3.2m in cash against $0 of debt: net cash of $3.2m.
Balance sheet
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 95 | 54 | 54 | 13 | 8 | 3 | 3 | 1 |
| Receivables | — | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Total current assets | 101 | 59 | 55 | 15 | 8 | 4 | 5 | 2 |
| Total assets | 186 | 115 | 59 | 18 | 13 | 10 | 10 | 7 |
| Accounts payable | 3 | 1 | 2 | 3 | 1 | 0 | 1 | 2 |
| Total current liabilities | 18 | 17 | 11 | 8 | 2 | 1 | 1 | 2 |
| Short-term debt | — | 4 | 4 | 4 | — | — | — | — |
| Total debt | 0 | 4 | 4 | 4 | 0 | 0 | 0 | 0 |
| Shareholders' equity | 98 | 59 | 48 | 10 | 11 | 9 | 9 | 5 |
| Net debt (negative = net cash) | −95 | −51 | −50 | −10 | −8 | −3 | −3 | −1 |
| Shares outstanding | — | — | — | 2m | 2m | 3m | 4m | 4m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 0 | 1 | 1 | 1 | 0 | 1 | 0 | 0 |
| Total current assets | 4 | 4 | 4 | 4 | 5 | 5 | 3 | 2 |
| Total assets | 9 | 10 | 10 | 9 | 10 | 10 | 9 | 7 |
| Accounts payable | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 |
| Total current liabilities | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Shareholders' equity | 8 | 9 | 9 | 9 | 10 | 9 | 7 | 5 |
| Shares outstanding | 3m | 3m | 3m | 3m | 4m | 4m | 4m | 4m |
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