TIL · XBRL financial data

Instil Bio financial statements, every fiscal year

The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (TIL's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	0	—	—	—	—
Research and development	107,251	141,056	39,604	—	—
General and administrative	48,309	62,235	47,553	44,210	27,221
Total operating expenses	155,560	226,458	159,169	73,541	78,581
Operating income (loss)	(155,560)	(226,458)	(159,169)	(73,541)	(78,581)
Interest expense	0	1,883	5,209	8,992	5,829
Income tax expense (benefit)	39	(2,073)	0	—	0
Net income (loss)	(156,794)	(223,177)	(156,087)	(74,135)	(71,372)
Earnings per share, basic‡ USD per share	(29.60)	(34.40)	(24.00)	(11.39)	(10.70)
Earnings per share, diluted‡ USD per share	(29.60)	(34.40)	(24.00)	(11.39)	(10.70)
Weighted average shares, basic‡ thousands of shares	5,300	6,476	6,504	6,510	6,668
Weighted average shares, diluted‡ thousands of shares	5,300	6,476	6,504	6,510	6,668

‡ Per-share figures and share counts are adjusted for the 1-for-20 stock split (December 2023); filings made before it reported them unadjusted.

Fiscal years (TIL's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	37,590	43,716	9,195	8,805	6,638
Marketable securities	416,509	217,204	141,161	—	—
Prepaid and other current assets	9,921	8,458	8,902	9,325	3,038
Total current assets	464,020	269,378	160,759	124,470	191,429
Property and equipment, net	121,999	196,880	138,684	129,406	126
Right-of-use asset	0	12,457	2,387	934	238
Goodwill	5,722	0	—	—	—
Total assets	609,983	482,128	325,630	263,567	203,523
Accounts payable	5,568	2,359	1,212	659	779
Total current liabilities	41,358	32,788	10,559	7,896	4,843
Lease liability, non-current	0	5,171	2,877	1,017	0
Total liabilities	54,784	118,523	99,801	94,131	89,657
Accumulated deficit	(201,717)	(424,894)	(580,981)	(655,116)	(726,488)
Total stockholders' equity	555,199	363,605	225,829	169,436	113,866
Total liabilities and equity	609,983	482,128	325,630	263,567	203,523
Common shares outstanding (cover page)‡ thousands of shares	6,457	6,504	6,504	6,526	6,782

‡ Per-share figures and share counts are adjusted for the 1-for-20 stock split (December 2023); filings made before it reported them unadjusted.

Fiscal years (TIL's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(156,794)	(223,177)	(156,087)	(74,135)	(71,372)
Stock-based compensation	26,197	30,441	18,166	17,257	8,693
Depreciation and amortization	2,752	5,987	4,756	3,610	534
Net cash from operating activities	(122,138)	(180,164)	(82,029)	(55,696)	(36,619)
Purchases of property and equipment	57,831	84,589	20,663	0	—
Net cash from investing activities	(474,396)	114,541	41,128	53,974	25,476
Proceeds from issuing common stock	—	—	—	0	6,611
Net cash from financing activities	393,164	71,886	8,082	1,755	7,292

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