Intellia Therapeutics, Inc. NTLA
Intellia Therapeutics, Inc. ("we," "us," "our," "Intellia," or the "Company") is a leading biopharmaceutical company focused on revolutionizing medicine leveraging CRISPR gene editing and other core technologies. Our mission is to transform the lives of people with severe diseases by developing and commercializing potentially curative treatments. With deep scientific, technical and clinical development experience, we aim to reset the standard for medicine by durably treating the root causes of disease.
For over a decade, Intellia has applied its proprietary technologies and expertise, including CRISPR-based gene editing technologies, oligonucleotides, and lipid nanoparticles ("LNPs"), to develop novel, first-in-class product candidates. This includes the development of lonvoguran ziclumeran ("lonvo-z," also referred to as NTLA-2002) for the treatment of hereditary angioedema ("HAE") and nexiguran ziclumeran ("nex-z," also referred to as NTLA-2001) for the treatment of transthyretin ("ATTR") amyloidosis. These lead product candidates are the first in vivo genome editing product candidates into Phase 3 development. These systemically administered CRISPR-based candidates are designed to address diseases with high unmet need with a single intravenous ("IV") infusion that is administered in an outpatient setting. Lonvo-z and nex-z are currently in Phase 3 clinical development, and we are preparing for the planned commercial launch of lonvo-z in the first half of 2027.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.7M | $57.9M | $36.3M | $52.1M | $33.1M | $58.0M | $43.1M | $30.4M | $26.1M | $16.5M |
| Cost of revenue | — | — | — | — | $0 | $0 | $0 | $0 | — | — |
| Gross profit | — | — | — | — | $33.1M | $58.0M | $43.1M | $30.4M | — | — |
| R&D | $388.9M | $466.3M | $435.1M | $420.0M | $229.8M | $150.4M | $108.4M | $89.1M | $67.6M | $31.8M |
| SG&A | $119.8M | $125.8M | $116.5M | $90.3M | $71.1M | $44.2M | $41.1M | $32.2M | $28.0M | $16.8M |
| Total operating expenses | $508.7M | $592.1M | $551.6M | $510.3M | $300.9M | $194.6M | $149.5M | $121.3M | $95.7M | $48.6M |
| Operating income | -$441.0M | -$534.3M | -$515.3M | -$458.2M | -$267.9M | -$136.6M | -$106.4M | -$90.9M | -$69.6M | -$32.2M |
| Pre-tax income | -$412.7M | — | — | — | — | — | — | — | -$67.5M | -$31.6M |
| Income tax | $0 | — | — | — | — | — | — | — | — | $0 |
| Net income | -$412.7M | -$519.0M | -$481.2M | -$474.2M | -$267.9M | -$134.2M | -$474.2M | -$85.3M | -$67.5M | -$31.6M |
| EPS, basic | -3.81 | -5.25 | -5.42 | -6.16 | -3.78 | -2.40 | — | — | — | — |
| EPS, diluted | -3.81 | -5.25 | -5.42 | -6.16 | -3.78 | -2.40 | -2.11 | -1.98 | -1.88 | -1.42 |
| Shares, diluted (wtd. avg.) | $108.4M | $98.8M | $88.8M | $77.0M | $70.9M | $56.0M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $155.5M | $189.2M | $226.7M | $523.5M | $123.4M | $160.0M | $57.2M | $58.9M | $340.7M | $273.1M |
| Short-term investments | $294.4M | $412.3M | $685.5M | $669.1M | $625.3M | $437.4M | $222.5M | $255.2M | — | — |
| Receivables | $9.5M | $8.5M | $36.5M | $3.8M | $2.0M | $2.1M | $4.6M | $7.5M | $10.5M | $6.5M |
| Total current assets | $527.7M | $639.9M | $998.3M | $1.22B | $769.3M | $616.5M | $289.5M | $325.0M | $354.8M | $281.3M |
| Property, plant and equipment | $17.7M | $27.4M | $32.8M | $27.9M | $21.0M | $15.9M | $18.0M | $17.1M | $15.3M | $10.6M |
| Total assets | $842.1M | $1.19B | $1.30B | $1.52B | $1.29B | $676.3M | $334.3M | $347.3M | $376.2M | $299.0M |
| Accounts payable | $20.3M | $14.6M | $7.5M | $5.2M | $9.7M | $10.5M | $3.9M | $2.7M | $2.2M | $4.7M |
| Total current liabilities | $103.9M | $110.9M | $115.2M | $126.6M | $125.8M | $64.3M | $35.6M | $40.6M | $31.4M | $30.7M |
| Total liabilities | $170.7M | $319.1M | $250.8M | $284.5M | — | — | — | — | — | — |
| Retained earnings | -$2.59B | -$2.18B | -$1.66B | -$1.18B | -$703.0M | -$435.1M | -$300.9M | -$201.0M | -$121.1M | -$53.6M |
| Total equity | $671.4M | $872.0M | $1.05B | $1.24B | $1.04B | $527.1M | $269.9M | $277.9M | $300.6M | $209.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$394.7M | -$348.9M | -$394.1M | -$333.3M | -$225.0M | -$49.9M | -$103.2M | -$61.3M | -$65.3M | $36.1M |
| Depreciation and amortisation | $9.8M | $10.3M | $9.0M | $7.6M | $6.9M | $6.3M | $5.6M | $4.5M | $3.0M | $1.1M |
| Stock-based compensation | $80.2M | $154.3M | $134.1M | $91.4M | $47.0M | $19.9M | $15.1M | $17.0M | $15.3M | $6.7M |
| Capital expenditure | $1.1M | $5.8M | $14.0M | $13.6M | $12.8M | $3.6M | $6.8M | $6.4M | $10.1M | $6.2M |
| Investing cash flow | $228.0M | $125.6M | -$31.3M | $160.3M | -$550.8M | -$214.5M | $25.2M | -$260.8M | -$10.1M | -$6.2M |
| Financing cash flow | $131.5M | $185.7M | $130.3M | $583.0M | $736.7M | $371.8M | $76.4M | $40.2M | $143.0M | $167.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-197283.
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