Syndax Pharmaceuticals Inc balance sheet
At the end of fiscal 2025, Syndax Pharmaceuticals Inc had total assets of $530m, total liabilities of $465m and shareholders' equity of $64.6m. It held $135m in cash against $350m of debt: net debt of $215m.
Balance sheet
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 23 | 24 | 35 | 34 | 25 | 115 | 222 | 74 | 295 | 154 | 135 | 136 |
| Receivables | — | — | — | — | — | — | — | — | 0 | 8 | 38 | 47 |
| Inventory | — | — | — | — | — | — | — | — | 0 | 0 | 33 | 39 |
| Total current assets | 88 | 109 | 133 | 83 | 62 | 299 | 448 | 490 | 581 | 603 | 528 | 567 |
| Total assets | 90 | 109 | 137 | 84 | 64 | 301 | 450 | 497 | 613 | 725 | 530 | 693 |
| Accounts payable | 1 | 2 | 2 | 1 | 6 | 4 | 6 | 4 | 10 | 12 | 17 | 4 |
| Deferred revenue (current) | 1 | 1 | 2 | 2 | 2 | 2 | — | — | — | — | — | — |
| Total current liabilities | 5 | 10 | 16 | 16 | 18 | 19 | 21 | 29 | 58 | 104 | 120 | 121 |
| Short-term debt | — | — | — | — | — | — | — | — | 0 | 344 | 344 | 344 |
| Long-term debt | — | — | — | — | — | — | — | — | 0 | 332 | 0 | 244 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 20 | 20 | 20 | 0 | 675 | 350 | 594 |
| Total liabilities | 23 | 25 | 33 | 31 | 32 | 48 | 41 | 30 | 59 | 437 | 465 | 710 |
| Shareholders' equity | −252 | 84 | 104 | 53 | 32 | 252 | 408 | 467 | 554 | 288 | 65 | −17 |
| Non-controlling interests and other (assets − liabilities − equity) | 319 | — | — | — | — | — | — | — | — | — | — | — |
| Net debt (negative = net cash) | −23 | −24 | −35 | −34 | −25 | −95 | −202 | −54 | −295 | 521 | 215 | 458 |
| Shares outstanding | — | 18m | 24m | 25m | 27m | 48m | 55m | — | 85m | 86m | 87m | 90m |
| 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 | 8 | 16 | 19 | 25 | 38 | 38 | 45 | 47 |
| Inventory | 0 | 5 | 18 | 25 | 33 | 35 | 33 | 39 |
| Total current assets | 603 | 549 | 532 | 530 | 528 | 471 | 675 | 567 |
| Total assets | 725 | 641 | 596 | 552 | 530 | 473 | 704 | 693 |
| Accounts payable | 12 | 10 | 17 | 14 | 17 | 11 | 5 | 4 |
| Total current liabilities | 104 | 95 | 113 | 114 | 120 | 86 | 100 | 121 |
| Short-term debt | 344 | 344 | 344 | 344 | 344 | 344 | 344 | 344 |
| Long-term debt | 332 | — | — | — | 0 | — | 244 | 244 |
| Total debt | 675 | 344 | 344 | 344 | 344 | 344 | 588 | 588 |
| Total liabilities | 437 | 426 | 439 | 436 | 465 | 431 | 689 | 710 |
| Shareholders' equity | 288 | 215 | 157 | 115 | 65 | 42 | 15 | −17 |
| Shares outstanding | 86m | 86m | 86m | 87m | 87m | 89m | 89m | 90m |
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