RNAC (RNAC) financial statements
RNAC reported revenue of $400,000 in fiscal 2025, down 28.4% a year over 9 years.
Net income was -$130M and the operating margin -35851.2%, against -428.9% in 2016.
Free cash flow was -$79M.
The diluted share count rose 7325% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from RNAC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8M | $207,000 | $903,000 | $7M | $17M | $85M | $111M | $26M | $38M | $400,000 |
| Research and development | $30M | $45M | $48M | $43M | $55M | $69M | $72M | $71M | $45M | $58M |
| Selling, general and admin | $13M | $19M | $18M | $16M | $19M | $21M | $24M | $40M | $30M | $31M |
| Operating income | -$35M | -$64M | -$65M | -$52M | -$57M | -$5M | $15M | -$86M | -$44M | -$143M |
| Interest expense | $1M | $1M | $1M | $2M | $2M | $3M | $3M | $3M | $0 | — |
| Pre-tax income | — | — | — | -$55M | -$69M | -$10M | $35M | -$239M | -$77M | -$139M |
| Income tax | — | — | — | $0 | $0 | $16M | -$609,000 | -$19M | $287,000 | -$9M |
| Net income | -$36M | -$65M | -$65M | -$55M | -$69M | -$26M | $35M | -$220M | -$77M | -$130M |
| EPS (diluted) | -$116.70 | -$96.00 | -$87.60 | -$36.60 | -$20.40 | -$6.60 | $3.00 | -$49.76 | -$4.49 | -$5.02 |
| Diluted shares | 0M | 1M | 1M | 2M | 3M | 4M | 5M | 5M | 17M | 26M |
| Operating margin | -428.9% | -30813.5% | -7200.7% | -785.6% | -342.4% | -5.4% | 13.1% | -332.3% | -114.7% | -35851.2% |
| Net margin | -448.0% | -31556.0% | -7235.4% | -829.0% | -415.0% | -30.2% | 31.9% | -844.9% | -202.3% | -32575.5% |
Balance sheet
Fiscal years, from RNAC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $84M | $97M | $37M | $90M | $139M | $128M | $135M | $77M | $213M | $125M |
| Receivables | $215,000 | $63,000 | $0 | $5M | $7M | $10M | $7M | $6M | $872,000 | $1M |
| Total current assets | $87M | $99M | $42M | $97M | $151M | $144M | $148M | $91M | $217M | $129M |
| Property, plant and equipment | $2M | $2M | $2M | $1M | $1M | $2M | $3M | $2M | $10M | $12M |
| Goodwill | — | — | — | — | — | — | $0 | $48M | $48M | $48M |
| Total assets | $89M | $101M | $44M | $100M | $165M | $160M | $166M | $305M | $435M | $296M |
| Total current liabilities | $14M | $11M | $35M | $35M | $82M | $72M | $25M | $68M | $23M | $15M |
| Long-term debt | — | — | — | — | — | — | — | — | — | $0 |
| Total liabilities | $34M | $49M | $50M | $91M | $183M | $137M | $72M | $445M | $442M | $423M |
| Shareholders' equity | $55M | $52M | -$5M | $8M | -$18M | $23M | $94M | -$440M | -$7M | -$126M |
| Net debt | -$59M | -$71M | -$37M | -$90M | -$139M | -$114M | -$106M | -$77M | -$213M | -$125M |
Cash flow
Fiscal years, from RNAC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$20M | -$52M | -$59M | -$51M | $35M | -$60M | -$32M | -$51M | -$24M | -$74M |
| Capital spending | $586,000 | $733,000 | $884,000 | $47,000 | $815,000 | $1M | $1M | $206,000 | $9M | $5M |
| Free cash flow | -$20M | -$53M | -$60M | -$51M | $34M | -$61M | -$33M | -$51M | -$33M | -$79M |
| Stock-based compensation | $2M | $4M | $6M | $5M | $5M | $8M | $11M | $23M | $7M | $11M |
| Net borrowing | $0 | -$13M | $0 | -$3M | $5M | $0 | $0 | -$27M | $0 | — |
| Free cash flow margin | -251.7% | -25487.4% | -6649.5% | -771.0% | 205.3% | -72.2% | -29.6% | -197.5% | -85.6% | -19848.8% |
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Open RNAC in InvestinglyQuestions
What was RNAC's revenue in 2025?
$400,000 in fiscal 2025, from its 10-K filing.
How much free cash flow does RNAC generate?
-$79M in fiscal 2025 (operating cash flow minus capital spending).
From RNAC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.