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Financial statements

Century Therapeutics, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Century Therapeutics, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2021FY2022FY2023FY2024FY2025
Revenue5.22.246.59109
Research and development39.775.697.292.710795.7
General and administrative9.519.231.934.733.224
Operating expenses53.994.9139149145126
Operating income-53.9-94.9-134-147-138-17.3
Interest expense0.381.281.020.54
Interest income12.7137.35
Other non-operating income0.32-0.92.9911.813.47.62
Pre-tax income-53.6-95.8-131-135-125-9.65
Income tax0.040.091.881.79-0.07
Net income-53.6-95.8-131-137-127-9.58
EBITDA-52.5-91.1-125-134-125-4.17
EPS, basic-9.34-3.86-2.27-2.30-1.61-0.14
EPS, diluted-9.34-3.86-2.96-2.30-1.61-0.14
Shares, basic (weighted)5.7424.857.859.378.686.6
Shares, diluted (weighted)5.7424.832.459.378.686.6

Balance sheet

FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents27.256.484.347.358.461.9
Short-term investments48.516623112513155.3
Other current assets0.260.2541.574.763.66
Total current assets78.8228320177194121
Property, plant and equipment15.45882.871.762.150
Lease right-of-use assets9.3911.928.920.428.716.1
Intangible assets34.234.2
Long-term investments1.0513651.989.130.8
Total assets107437487361353224
Accounts payable8.087.65.452.743.084.77
Accrued liabilities3.134.457.066.57.74.63
Deferred revenue7.154.37109
Short-term debt1.046.5
Total current liabilities12.115.729.817.813020.2
Long-term debt9.648.93.74
Lease liabilities11.714.638.746.74940.2
Total liabilities33.441.118417619264.8
Total debt9.6410.410.4
Paid-in capital218785824840943951
Retained earnings-292-388-519-656-782-792
Other comprehensive income-0-0.65-2.460.110.320.03
Shareholders' equity-106396303185161159
Total equity-106396303185161159
Total liabilities and equity107437487361353224
Shares outstanding5.7444.85560.385.887.5

Cash flow statement

FY2021FY2021FY2022FY2023FY2024FY2025
Net income-53.6-95.8-131-137-127-9.58
Depreciation and amortization1.43.758.441313.313.1
Stock-based compensation0.884.6610.714.612.76.84
Deferred income tax0.01-00.87-0.07
Change in payables2.06-1.85-4.79-2.36-1.471.56
Cash from operations-41.3-8914.1-88.3-110-104
Capital expenditures-9.83-45-30.6-13.7-0.15-0.85
Purchases of investments-49.9-330-254-209-120-51.2
Sales and maturities of investments41.776.7271284177160
Cash from investing-22.8-298-13.161.147.5108
Debt repaid-10.2
Stock issued0.210.350.520.140.17
Cash from financing47.741827.2-9.7374.60.17
Net change in cash30.428.1-36.911.93.8
Free cash flow-51.1-134-16.6-102-110-105
Interest paid0.210.971.10.59
Income taxes paid0.012.520.513.89

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.67 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-47.3%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-38.3%Net income / average total assets.
Return on invested capital (ROIC)-50.6%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

MetricValueHow it is calculated
Revenue growth, 1y1,557.0%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y175.9%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y-1.5%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-19.3%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-36.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-22.8%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y15.9%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y10.1%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y38.8%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y72.1%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio8.28xCurrent assets / current liabilities.
Quick ratio7.94x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio7.94x(Cash + short-term investments) / current liabilities.
Liabilities / assets19.0%Total liabilities / total assets.
Working capital$109.7MCurrent assets - current liabilities.
Goodwill and intangibles / assets11.9%(Goodwill + intangible assets) / total assets.
Tangible book value$198.1MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.53Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share-$0.43Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.42Cash from operations / diluted weighted shares.
Book value per share$1.29Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$1.10Tangible book value / shares outstanding.
Cash per share$0.66(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$302.4MShare price x shares outstanding.
Enterprise value$182.7MMarket cap + total debt - cash - short-term investments.
P/B1.30xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.53xMarket cap / tangible book value, when positive.
FCF yield-29.1%Free cash flow / market cap.
Earnings yield-36.3%Net income / market cap (the inverse of P/E).
What was Century Therapeutics, Inc.'s revenue in fiscal 2025?

Century Therapeutics, Inc. reported revenue of $109.2M for fiscal 2025, 1,556.8% higher than the year before.

Was Century Therapeutics, Inc. profitable in fiscal 2025?

No. It reported a net loss of $9.6M.

How much free cash flow did Century Therapeutics, Inc. generate in fiscal 2025?

Cash from operations of $103.9M minus capital expenditures of $848.0K left free cash flow of -$104.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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