BridgeBio Pharma, Inc.

BBIO 10-K · FY 2025

BBIO FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 502,076 221,902 +126.3%
Show Product Lines breakouts
Cost of license, services, and royalty revenue · Bayer 93.8
License And Service 128,322 218,849 -41.4%
License And Service · Alexion License Agreements 33.3 0.6 +5450.0%
License And Service · Kyowa Kirin Co., Ltd 12.3 76.2 -83.9%
License And Service · Reportable Segment 128,322 218,849 -41.4%
Product 362,368 2,884 +12464.8%
Product · Bayer 7.6
Product · Reportable Segment 362,368 2,884 +12464.8%
Royalty 11,386 169 +6637.3%
Royalty · Reportable Segment 11,386 169 +6637.3%
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Reportable Segment 502,076 221,902 +126.3%
Cost of Revenue 20,962 3,878 +440.5%
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Cost of license, services, and royalty revenue 5,275 2,436 +116.5%
Cost of license, services, and royalty revenue · Reportable Segment 5,275 2,436 +116.5%
Product 15,687 1,442 +987.9%
Product · Reportable Segment 15,687 1,442 +987.9%
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Reportable Segment 20,962 3,878 +440.5%
Research & Development 451,953 506,461 -10.8%
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Reportable Segment 451,953 506,461 -10.8%
Reportable Segment · Acoramidis for the treatment of ATTR-CM and primary prevention in asymptomatic carriers of a pathogenic TTR variant 116,844 164,782 -29.1%
Reportable Segment · BBP-418 for LGMD2I/R9 56,008 40,220 +39.3%
Reportable Segment · Encaleret for ADH1 59,955 49,091 +22.1%
Reportable Segment · Infigratinib for achondroplasia and hypochondroplasia 122,685 91,869 +33.5%
Reportable Segment · Other development programs 22,703 71,732 -68.4%
Reportable Segment · Other research programs 73,758 88,767 -16.9%
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Gondola Bio, LLC · Transition Service Aggrement 1.5 0.7 +114.3%
Selling, General & Administrative 531,225 288,931 +83.9%
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Reportable Segment 531,225 288,931 +83.9%
Restructuring Settlement And Impairment Provisions 21,347 15,605 +36.8%
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Reportable Segment 21,347 15,605 +36.8%
Total Costs & Expenses 1,025,487 814,875 +25.8%
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Reportable Segment 1,025,487 814,875 +25.8%
Operating Income -523,411 -592,973 +11.7%
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Reportable Segment -523,411 -592,973 +11.7%
Interest Income 19,854 17,249 +15.1%
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Reportable Segment 19,854 17,249 +15.1%
Interest Expense -53,103 -90,991 +41.6%
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Reportable Segment -53,103 -90,991 +41.6%
Noncash Interest Expense On Deferred Royalty Obligations -125,138 -8,299 -1407.9%
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Reportable Segment -125,138 -8,299 -1407.9%
Reportable Segment · Related Party -10,944
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Related Party -10,944
Gains Losses On Extinguishment Of Debt -21,155 -26,590 +20.4%
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Reportable Segment -21,155 -26,590 +20.4%
Income Loss From Equity Method Investments -72,608 -31,183 -132.8%
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Reportable Segment -72,608 -31,183 -132.8%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
BridgeBio Oncology Therapeutics, Inc. -37.5
Gondola Bio, LLC -35.1
Other Non-Operating Income (Expense) 43,058 12,272 +250.9%
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Reportable Segment 43,058 12,272 +250.9%
Non-Operating Income (Expense) -209,092 50,779 -511.8%
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Reportable Segment -209,092 50,779 -511.8%
Income Before Taxes -732,503 -542,194 -35.1%
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Reportable Segment -732,503 -542,194 -35.1%
Income Tax Expense (Benefit) 435 1,153 -62.3%
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Reportable Segment 435 1,153 -62.3%
Net Income -732,938 -543,347 -34.9%
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Reportable Segment -732,938 -543,347 -34.9%
Net Income Loss Attributable To Noncontrolling Interest 8,007 7,585 +5.6%
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Reportable Segment 8,007 7,585 +5.6%
Net Income Loss Available To Common Stockholders Basic -724,931 -535,762 -35.3%
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Reportable Segment -724,931 -535,762 -35.3%
EPS (Basic) -3.78 -2.88 -31.2%
EPS (Diluted) -3.78 -2.88 -31.2%
Wtd Avg Shares (Basic) 191,527,482 186,075,873 +2.9%
Wtd Avg Shares (Diluted) 191,527,482 186,075,873 +2.9%
Operating Expenses (FY)
Show Counterparty Name breakouts
BridgeBio Oncology Therapeutics, Inc. · Transition Service Aggrement 0.5 0.7 -28.6%
Gondola Bio, LLC · Transition Service Agreement And Sublease Agreement 5.1 0.8 +537.5%
Comprehensive Income -724,927 -535,785 -35.3%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 570,119 681,101 -16.3%
Available For Sale Securities Debt Securities Current 17,363
Accounts Receivable 139,444 4,722 +2853.1%
Show Counterparty Name breakouts
Alexion License Agreements 0.2 0.6 -66.7%
Bayer 5
Inventory 26,753
Prepaid Expenses & Other Current Assets 44,070 34,869 +26.4%
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BridgeBio Oncology Therapeutics, Inc. · Transition Service Aggrement 0.6 0.5 +20.0%
Gondola Bio, LLC · Transition Service Agreement And Sublease Agreement 4.5 3.2 +40.6%
Total Current Assets 797,749 720,692 +10.7%
Non-Current Assets
Property, Plant & Equipment 5,366 7,011 -23.5%
Operating Lease Right-of-Use Assets 8,149 5,767 +41.3%
Other Non-Current Assets 16,712 18,195 -8.2%
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BridgeBio Oncology Therapeutics, Inc. · Transition Service Aggrement 7.8
Total Assets 936,025 919,338 +1.8%
Intangible Assets 28,077 23,926 +17.3%
Other Assets
Equity Method Investments 79,972 143,747 -44.4%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
BridgeBio Oncology Therapeutics, Inc. 72.5 102.2 -29.1%
Gondola Bio, LLC 6.4 41.5 -84.6%
Intangible Assets Net Excluding Goodwill 28,077 23,926 +17.3%
Current Liabilities
Accounts Payable 36,228 9,618 +276.7%
Employee Related Liabilities Current 76,703 58,329 +31.5%
Accrued Research And Development Liabilities Current 41,436 34,272 +20.9%
Operating Lease Liability Current 6,192 4,506 +37.4%
Deferred Revenue (Current) 7,190 14,604 -50.8%
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Research and Development Services · Bayer 0.8 1.3 -38.5%
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Alexion License Agreements 1 3 -66.7%
Kyowa Kirin Co., Ltd 5.4 10.3 -47.6%
Other Liabilities Current 120,222 33,071 +263.5%
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Gondola Bio, LLC · Transition Service Aggrement 1.5 1.2 +25.0%
Show Related Party Transactions By Related Party breakouts
Related Party 2,003
Total Current Liabilities 287,971 154,400 +86.5%
Non-Current Liabilities
Long-Term Debt (Q)
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2027 Notes, net 547,015 545,173 +0.3%
2029 Notes, net 740,890 738,872 +0.3%
2031 Notes, net 564,565
Operating Lease Liabilities 3,811 4,696 -18.8%
Contract With Customer Liability Noncurrent 13,080 17,095 -23.5%
Show Product Lines breakouts
Research and Development Services · Bayer 2.1 2.2 -4.5%
Show Counterparty Name breakouts
Alexion License Agreements 1.8
Kyowa Kirin Co., Ltd 9.2 14.9 -38.3%
Other Non-Current Liabilities 244 286 -14.7%
Total Liabilities 3,012,606 2,376,950 +26.7%
Long-Term Debt 2,007,337
Show Debt Instrument breakouts
2027 Notes, net 570,625
2027 Notes, net · Convertible Debt 547,015 545,173 +0.3%
2029 Notes, net 806,366
2029 Notes, net · Convertible Debt 740,890 738,872 +0.3%
2031 Notes, net 630,346
2031 Notes, net · Convertible Debt 564,565
Other Liabilities
Deferred Royalty Obligation Net 855,030 479,091 +78.5%
Show Related Party Transactions By Related Party breakouts
Related Party 204,650
Show Type Of Arrangement breakouts
Funding Agreement 548,055 479,091 +14.4%
Royalty Purchase Agreement 306,975
Temporary Equity Carrying Amount Net Including Portion Attributable To Noncontrolling Interests -570 142 -501.4%
Stockholders' Equity
Common Stock 202 196 +3.1%
Treasury Stock Common Value -323,276 -275,000 -17.6%
Additional Paid-In Capital 2,057,646 1,903,155 +8.1%
Accumulated Other Comprehensive Income 12 8 +50.0%
Retained Earnings -3,821,194 -3,096,263 -23.4%
Total Stockholders' Equity -2,086,610 -1,467,904 -42.1%
Minority Interest 10,599 10,150 +4.4%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest -2,076,011 -1,457,754 -42.4%
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Accumulated Other Comprehensive Income 12 8 +50.0%
Additional Paid In Capital 2,057,646 1,903,155 +8.1%
Common Stock 202 196 +3.1%
Noncontrolling Interest 10,599 10,150 +4.4%
Parent -2,086,610 -1,467,904 -42.1%
Retained Earnings -3,821,194 -3,096,263 -23.4%
Treasury Stock Common -323,276 -275,000 -17.6%
Total Liabilities & Equity 936,025 919,338 +1.8%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Stock-Based Compensation 133,024 95,800 +38.9%
Amortization Of Financing Costs And Discounts 5,967 7,464 -20.1%
Show Debt Instrument breakouts
2027 Notes, net · Convertible Debt 1,842 1,794 +2.7%
2029 Notes, net · Convertible Debt 2,018 1,967 +2.6%
2031 Notes, net · Convertible Debt 1,599
Show Long-Term Debt Type breakouts
Convertible Debt 5,459 3,761 +45.1%
Depreciation & Amortization 5,434 6,075 -10.6%
Operating Lease Right Of Use Asset Amortization Expense 4,902 4,110 +19.3%
Embedded Derivative Gain Loss On Embedded Derivative Net -19,652 -1,550 -1167.9%
Noncash Income Loss From Equity Method Investments -8,833
Other Non-Cash Items -1,651 -935 -76.6%
Change in Accounts Receivable -134,722 -2,971 -4434.6%
Change in Inventory -25,307
Change in Prepaid & Other Assets -8,777 -13,918 +36.9%
Increase Decrease In Other Operating Assets 1,113 1,542 -27.8%
Change in Accounts Payable 26,609 1,512 +1659.9%
Increase Decrease In Employee Related Liabilities 23,022 16,986 +35.5%
Increase Decrease In Accrued Research And Development Liabilities 7,163 8,729 -17.9%
Increase Decrease In Operating Lease Liability -6,547 -5,902 -10.9%
Increase Decrease In Deferred Revenue -11,428 21,875 -152.2%
Increase Decrease In Other Operating Liabilities 77,810 4,189 +1757.5%
Show Related Party Transactions By Related Party breakouts
Related Party 2,003
Net Cash from Operations -445,910 -520,726 +14.4%
Change in Deferred Revenue 150.1
Investing Activities
Purchases of Investments -28,197 -93,811 +69.9%
Proceeds From Sale And Maturity Of Available For Sale Securities 11,000 95,000 -88.4%
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital 2,302 25,682 -91.0%
Payments To Acquire Intangible Assets -8,495 -7,975 -6.5%
Capital Expenditures -1,097 -933 -17.6%
Net Cash from Investing -24,487 60,781 -140.3%
Noncash Or Part Noncash Investing Transfer From To Noncontrolling Interest -5,594 -5,819 +3.9%
Financing Activities
Proceeds From Convertible Debt (FY)
Show Debt Instrument breakouts
2031 Notes, net 575,000
Debt Issuance Costs (FY)
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2031 Notes, net -12,034
Share Repurchases -48,276
Proceeds From Royalty Obligation (FY)
Show Type Of Arrangement breakouts
Royalty Interest Purchase and Sale Agreement 300,000
Issuance Costs And Discounts Associated With Royalty Obligation (FY)
Show Type Of Arrangement breakouts
Royalty Interest Purchase and Sale Agreement -3,010
Repayments Of Lines Of Credit -459,000 -473,417 +3.0%
Payment Of Deferred Royalty Obligation -15,460
Show Related Party Transactions By Related Party breakouts
Related Party -2,295
Proceeds From Stock Plans 6,414 4,502 +42.5%
Proceeds From Stock Options Exercised 27,735 3,656 +658.6%
Proceeds From Payments To Minority Shareholders 2,150
Tax Withholding for Share Compensation -14,226 -7,526 -89.0%
Net Cash from Financing 359,293 748,457 -52.0%
Supplemental
Interest Paid 43,670 91,342 -52.2%
Income Taxes Paid 1,198
Unpaid Capital Expenditures 43 279 -84.6%
Income Taxes Paid 1,198
Other Cash Flow
Net Change in Cash -111,104 288,512 -138.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 572,140 683,244 -16.3%
Restricted Cash Current 550 126 +336.5%
Restricted Cash Noncurrent 1,471 2,017 -27.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 572,140 683,244 -16.3%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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