Inovio Pharmaceuticals Balance Sheet (2009-2025) | INO

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Balance Sheet	Mar2009	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Accumulated Depreciation																				1.92M				2.54M
Assets
Current Assets
Cash & Equivalents	11.73M	8.28M	32.51M	30.30M	17.71M	14.95M	19.39M	20.00M	37.18M	30.59M	25.30M	17.35M	11.13M	5.95M	4.59M	5.65M	20.09M	10.35M	33.07M	33.72M	98.77M	88.54M	70.67M	40.54M	26.15M	70.30M	85.47M	57.63M	41.62M	28.45M	23.25M	19.14M	22.90M	23.86M	23.28M	23.79M	37.51M	15.09M	19.40M	23.69M	20.78M	19.74M	15.85M	22.20M	158.45M	215.43M	178.70M	250.73M	83.63M	58.93M	67.94M	71.14M	59.01M	41.10M	21.99M	46.33M	28.24M	52.71M	18.80M	14.31M	19.60M	34.39M	21.69M	65.81M	39.92M	24.35M	36.57M
Receivables - Net	0.44M	0.44M	0.17M	0.29M	-0.08M	0.16M	0.18M	0.03M	-0.11M	0.35M	0.43M	0.47M	0.88M	0.43M	0.48M	0.83M	1.03M	0.54M	10.57M	3.30M	2.70M	2.88M	1.62M	2.80M	3.30M	5.61M	10.97M	7.30M	11.15M	10.37M	17.46M	1.70M	9.86M	7.52M	6.24M	6.00M	5.15M	1.71M	2.83M	3.32M	2.78M	0.13M	0.78M	0.70M	0.64M	3.51M	7.69M	18.56M	9.91M	13.13M	4.77M	5.47M	4.00M	4.48M	2.44M	10.04M	0.07M	5.11M	2.14M	2.41M	2.55M	1.77M	1.86M	1.20M	1.31M	0.84M	0.98M
Receivables - Other		1.19M	1.17M	1.10M	-3.00M	-1.97M	0.02M	0.07M	0.05M	0.09M	0.03M	0.04M	0.04M	0.03M	0.13M	0.04M	0.04M				0.02M							0.03M			0.04M	0.75M	1.23M	1.19M	0.92M	0.49M	0.48M	0.96M	1.57M	0.74M	1.30M	1.00M	0.98M	1.33M	0.63M	0.48M	0.50M	0.50M	0.35M	0.72M	2.35M	2.57M	3.49M	6.89M	7.64M	10.04M	4.96M
Receivables	0.44M	1.63M	1.34M	1.39M	-3.09M	-1.81M	0.20M	0.11M	-0.06M	0.44M	0.46M	0.51M	0.92M	0.47M	0.62M	0.87M	1.07M	0.54M	10.57M	3.30M	2.72M	2.88M	1.62M	2.80M	3.30M	5.61M	10.97M	7.33M	11.15M	10.37M	17.49M	2.45M	11.10M	8.71M	7.16M	6.49M	5.63M	2.67M	4.40M	4.05M	4.08M	1.13M	1.75M	2.03M	1.28M	4.00M	8.19M	19.06M	10.26M	13.85M	7.13M	8.03M	7.49M	11.37M	10.08M	20.07M	5.04M	5.11M	2.14M	2.41M	2.55M	1.77M	1.86M	1.20M	1.31M	0.84M	0.98M
Prepaid Assets	0.45M	-0.22M	0.46M	0.24M	-0.06M	-0.02M	0.31M	0.27M	0.35M	0.82M	0.87M	0.75M	0.76M	0.60M	0.49M	0.47M	0.28M	0.71M	0.47M	0.64M	0.46M	0.67M	0.54M	0.80M	0.66M	0.55M	1.35M	0.92M	1.12M	1.19M	1.39M	1.75M	4.21M	4.91M	4.54M	2.60M	2.00M	1.79M	1.60M	1.41M	1.39M	2.31M	1.68M	1.58M	2.48M	4.59M	31.56M	40.36M	59.57M	84.59M	85.33M	38.84M	31.95M	56.26M	57.97M	50.13M	4.91M	3.23M	5.11M	5.41M	3.52M	5.37M	4.62M	2.52M	2.22M	4.31M	3.40M
Current Deferred Tax Assets																0.06M	0.06M	0.06M	0.06M	0.06M	0.06M	0.06M	0.06M	0.34M	0.34M	0.34M	0.34M
Current Assets	12.42M	24.26M	48.43M	44.57M		27.32M	24.27M	22.88M	42.48M	38.61M	32.73M	31.91M	26.94M	21.32M	16.93M	15.97M	30.32M	25.54M	57.85M	58.68M	121.68M	112.94M	104.64M	98.95M	87.33M	162.14M	184.07M	171.85M	160.60M	147.97M	140.23M	124.60M	106.78M	106.88M	154.59M	138.36M	123.84M	101.84M	93.60M	87.81M	134.90M	110.51M	98.81M	94.20M	275.54M	382.06M	377.06M	471.17M	588.43M	542.42M	487.40M	448.44M	399.91M	416.19M	350.21M	315.24M	233.90M	203.28M	174.77M	153.11M	111.68M	117.56M	91.28M	97.83M	71.89M	52.70M	55.18M
Non-Current Assets
Property, Plant & Equipment (Net)	0.31M	0.47M	0.38M	0.34M		0.38M	0.34M	0.28M	0.30M	0.31M	0.29M	0.30M	0.36M	0.42M	0.39M	0.36M	0.36M	0.35M	2.29M	2.89M	3.02M	4.55M	4.63M	4.58M	4.95M	5.50M	6.46M	7.31M	8.39M	8.70M	8.99M	9.03M	9.80M	15.02M	18.47M	18.32M	17.49M	16.87M	16.23M	15.95M	15.19M	14.27M	13.52M	12.77M	12.10M	11.32M	11.19M	11.35M	10.93M	18.11M	17.58M	17.45M	16.70M	16.21M	15.59M	7.73M	6.98M	6.30M	5.63M	4.96M	5.02M	4.51M	4.09M	3.66M	3.35M	3.09M	2.74M
Long-Term Investments	9.53M	14.21M	17.77M	12.33M		10.05M	12.65M	11.36M	10.99M	8.38M	9.91M	9.07M	8.51M	7.52M	8.25M	10.70M	9.87M	7.84M	11.08M	9.66M	9.29M	7.83M	9.00M	12.34M	9.99M	18.85M	25.32M	14.94M	22.42M	21.72M	20.76M	16.05M	14.44M	14.61M	8.78M	9.07M	10.47M	9.01M	9.50M	6.38M	6.43M	6.32M				2.72M	0.96M	0.43M
Goodwill	3.90M	6.20M	10.11M	10.11M		10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.11M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M	10.51M
Intangibles	5.73M	13.94M	13.45M	12.97M		12.13M	11.65M	11.18M	10.71M	10.24M	9.77M	9.31M	8.85M	8.39M	7.94M	7.49M	7.04M	6.60M	6.16M	5.72M	5.48M	5.24M	5.01M	4.78M	4.55M	4.33M	4.12M	3.91M	3.70M	8.45M	8.04M	7.63M	7.22M	6.82M	6.41M	6.01M	5.61M	5.29M	5.03M	4.76M	4.49M	4.23M	3.96M	3.69M	3.56M	3.42M	3.30M	3.15M	3.01M	2.90M	2.80M	2.63M	2.50M	2.37M	2.25M	2.13M	2.05M
Goodwill & Intangibles	9.63M	20.14M	23.57M	23.08M		22.25M	21.77M	21.29M	20.82M	20.35M	19.89M	19.42M	18.96M	18.51M	18.05M	17.60M	17.15M	16.71M	16.27M	15.83M	15.59M	15.35M	15.12M	14.89M	14.67M	14.45M	14.23M	14.02M	13.81M	18.96M	18.55M	18.14M	17.74M	17.33M	16.93M	16.52M	16.12M	15.81M	15.54M	15.27M	15.01M	14.74M	14.47M	14.21M	14.07M	13.93M	13.81M	13.66M	13.52M	13.41M	13.31M	13.14M	13.01M	12.88M	12.76M	12.64M	12.56M	10.51M
Long-Term Deferred Tax												1.83M				1.94M				1.08M				3.13M				6.12M
Other Non-Current Assets	0.17M	0.29M	0.29M	0.31M	0.02M	0.28M	0.28M	0.26M	0.25M	0.21M	0.21M	0.21M	0.19M	0.22M	0.22M	0.13M	0.13M	0.20M	0.17M	0.40M	0.56M	0.49M	0.55M	0.47M	0.67M	0.58M	0.60M	0.67M	1.03M	1.33M	1.48M	2.11M	1.53M	1.67M	2.20M	2.64M	2.45M	2.72M	2.63M	2.67M	2.98M	2.85M	2.73M	2.67M	2.48M	2.56M	17.64M	25.96M	25.88M	1.83M	1.76M	1.43M	1.27M	0.77M	0.70M	0.68M	0.65M	0.67M	0.61M	0.61M	0.61M	0.59M	0.57M	1.98M	1.98M	2.01M	2.01M
Non-Current Assets	23.56M	39.02M	42.01M	36.06M		32.96M	35.04M	33.19M	32.37M	29.25M	30.53M	29.20M	28.41M	27.28M	27.54M	29.17M	27.89M	25.46M	30.16M	29.60M	29.97M	29.21M	29.90M	32.84M	30.53M	39.56M	46.70M	41.99M	50.69M	56.02M	54.32M	49.11M	46.53M	51.98M	49.09M	48.88M	49.83M	47.08M	47.09M	43.30M	56.26M	54.56M	52.72M	49.75M	63.38M	61.12M	60.75M	68.60M	66.43M	49.42M	48.37M	47.50M	45.60M	43.21M	41.76M	33.29M	32.69M	29.75M	18.33M	17.84M	17.43M	16.24M	15.78M	15.37M	15.38M	15.54M	14.21M
Assets	35.98M	63.27M	90.44M	80.63M	79.72M	60.28M	59.32M	56.07M	74.85M	67.86M	63.27M	61.11M	55.35M	48.60M	44.48M	45.14M	58.20M	50.99M	88.02M	88.29M	151.66M	142.15M	134.53M	131.79M	117.86M	201.70M	230.77M	213.84M	211.29M	203.99M	194.55M	173.71M	153.31M	158.85M	203.68M	187.24M	173.66M	148.92M	140.70M	131.11M	191.17M	165.07M	151.53M	143.95M	338.92M	443.19M	437.81M	539.77M	654.86M	591.84M	535.76M	495.94M	445.51M	459.40M	391.97M	348.53M	266.58M	233.04M	193.10M	170.95M	129.11M	133.80M	107.06M	113.20M	87.27M	68.24M	69.39M
Liabilities
Current Liabilities
Accounts Payables	0.49M	4.28M	2.64M	-1.04M	2.92M	2.48M	-0.37M	3.41M	2.67M	3.24M	3.29M	4.32M	3.32M	3.52M	3.13M	3.18M	2.57M	3.34M	4.02M	5.44M	5.25M	5.29M	4.70M	6.38M	4.45M	6.07M	10.52M	13.06M	12.10M	12.71M	16.18M	19.60M	14.47M	16.48M	22.53M	23.28M	15.83M	12.61M	17.32M	23.13M	15.64M	13.39M	9.78M	18.24M	11.02M	17.22M	23.53M	21.20M	25.97M	30.10M	28.65M	47.64M	38.12M	105.02M	74.15M	79.69M	24.75M	21.27M	15.55M	19.85M	16.68M	16.63M	14.74M	16.20M	12.92M	15.75M	15.32M
Payables	0.49M	4.28M	2.64M	-1.04M	2.92M	2.48M	-0.37M	3.41M	2.67M	3.24M	3.29M	4.32M	3.32M	3.52M	3.13M	3.18M	2.57M	3.34M	4.02M	5.44M	5.25M	5.29M	4.70M	6.38M	4.45M	6.07M	10.52M	13.06M	12.10M	12.71M	16.18M	19.60M	14.47M	16.48M	22.53M	23.28M	15.83M	12.61M	17.32M	23.13M	15.64M	13.39M	9.78M	18.24M	11.02M	17.22M	23.53M	21.20M	25.97M	30.10M	28.65M	47.64M	38.12M	105.02M	74.15M	79.69M	24.75M	21.27M	15.55M	19.85M	16.68M	16.63M	14.74M	16.20M	12.92M	15.75M	15.32M
Accumulated Expenses	0.29M	0.30M	0.31M	0.30M		0.34M	0.36M	0.18M	0.44M	0.43M	0.82M	1.06M	0.77M	1.16M	1.38M	1.41M	2.20M	1.73M	1.36M	1.45M	1.74M	1.72M	1.26M	2.01M	1.27M	2.55M	2.94M	2.60M	4.15M	5.01M	7.22M	6.37M	5.91M	7.19M	7.92M	8.61M	8.43M	10.36M	7.35M	5.67M	7.16M	4.64M	4.50M	4.05M	5.06M	6.87M	5.84M	9.95M	7.37M	10.42M	13.62M	10.33M	11.83M	10.12M	13.49M	10.59M	5.80M	6.17M	5.01M	2.37M	3.02M	5.50M	4.50M	2.02M	1.82M	1.51M	0.96M
Other Accumulated Expenses																																					0.26M
Short term Debt	12.07M	12.09M	12.11M	12.11M		1.01M		1.68M		0.76M	0.61M	0.02M	0.08M	0.05M	0.11M	0.19M	0.38M	0.05M	0.49M	0.52M	0.78M	0.70M	0.09M	0.03M	0.01M	3.42M	2.81M	0.17M	0.21M	0.60M	0.49M	1.07M	0.53M	0.85M	0.78M	0.93M	1.30M	0.60M	0.69M	0.98M	1.32M	0.65M	0.46M	0.73M	0.26M	0.51M	0.79M	0.64M	0.77M	1.77M	0.49M	0.55M	1.41M	1.34M	1.63M		16.39M	16.71M	16.49M	16.77M				13.26M	9.54M	11.42M	50.38M
Current Leases																																									1.89M	1.95M	2.01M	2.07M	2.13M	2.20M	2.26M	2.33M	2.40M	2.46M	2.54M	2.60M	2.67M	2.74M	2.82M	2.80M	2.58M	2.35M	2.12M	2.41M	2.16M	2.32M	2.43M	2.50M	2.58M	2.66M	2.74M
Current Deferred Revenue	0.49M	2.69M	0.87M	-4.67M	-0.13M	0.08M	0.49M	0.42M	-0.16M	0.23M	0.07M	2.50M	0.05M	0.04M	0.08M	0.35M	0.20M	0.09M	0.07M	1.62M	1.45M	0.36M	0.25M	3.19M	0.19M	0.19M	0.20M	13.45M	14.54M	14.50M	14.83M	14.76M	17.06M	0.68M	0.77M	1.18M	24.09M	0.98M	1.03M	1.07M	0.11M	0.12M	0.11M	0.09M	0.07M	0.01M	0.08M	0.05M	0.02M	0.11M	0.08M	0.02M	0.02M	8.98M
Total Current Liabilities	15.07M	20.03M	21.25M	19.35M		5.67M	5.22M	6.44M	14.18M	9.94M	9.70M	11.04M	13.01M	10.23M	11.28M	8.38M	15.98M	19.07M	20.44M	28.97M	15.64M	11.60M	8.93M	14.09M	8.16M	14.52M	18.28M	31.47M	33.40M	35.49M	41.37M	43.82M	40.00M	27.38M	33.36M	35.41M	51.38M	28.41M	28.00M	35.30M	27.42M	24.08M	19.55M	31.99M	32.29M	37.98M	41.26M	41.71M	41.54M	51.75M	51.38M	65.74M	59.36M	131.06M	94.91M	96.87M	55.15M	51.93M	43.71M	42.57M	23.40M	26.40M	23.50M	35.33M	27.33M	31.71M	69.82M
Non-Current Liabilities
Non-Current Debt		4.40M
Convertible Debt																																											62.12M	64.18M	63.73M	65.84M	49.54M	14.14M	14.07M	14.54M	14.48M	14.96M	16.21M	16.52M	16.30M	16.61M
Non-Current Deffered Revenue	4.22M	0.10M	0.09M	0.08M		0.09M	0.08M	0.07M	0.07M	0.07M	0.08M	0.08M	0.08M	0.08M	0.09M	0.09M	0.09M	0.60M	2.17M	3.01M	3.21M	4.32M	4.54M	4.65M	4.69M	4.76M	12.80M	5.49M	5.69M	5.58M	5.47M	5.93M	6.96M	7.56M	7.86M	9.10M	8.97M	8.83M	8.67M	8.52M	0.14M	0.12M	0.12M	0.10M	0.10M	0.09M	0.08M	0.08M	0.08M	0.07M	0.07M	0.06M	0.06M	0.06M
Minority Interest								0.60M		0.57M	0.56M	0.55M	0.54M	0.53M	0.52M	0.50M	0.49M	0.47M	0.46M	0.45M	0.44M	0.43M	0.31M	0.31M	0.31M	0.40M	0.25M	0.25M	0.25M	0.10M	0.10M	0.10M	0.10M	0.10M	0.10M	0.10M	0.10M	0.10M	0.10M	0.10M	3.06M	2.86M	2.43M	1.97M	3.53M	0.10M	0.10M
Operating Leases																																									23.88M	23.43M	22.96M	20.41M	21.97M	21.46M	20.93M	18.06M	19.84M	19.26M	18.67M	15.46M	17.44M	16.79M	16.13M	12.66M	14.77M	14.05M	13.31M	11.03M	13.43M	12.98M	12.45M	9.37M	11.27M	10.66M	10.02M
Non-Current Deferred Tax Liability	0.87M	0.86M	0.84M					0.05M	0.05M	0.05M	0.05M	0.08M	0.08M	0.08M	0.08M	0.16M	0.16M	0.16M	0.16M	0.20M	0.20M	0.20M	0.20M	0.50M	0.50M	0.50M	0.50M	0.18M	0.18M	0.18M	0.18M	0.17M	0.17M	0.17M	0.17M	0.02M	0.02M	0.02M	0.02M	0.02M	0.02M	0.03M	0.03M	0.03M	0.03M	0.03M	0.03M	0.03M	0.03M	0.03M	0.03M	3.00M	0.03M	0.03M	0.03M	2.35M	0.03M	0.03M	0.03M	1.99M
Other Non-Current Liabilities	0.16M	0.56M	4.72M	2.77M		1.05M	0.51M	0.37M	9.77M	4.87M	4.52M	5.18M	8.42M	5.04M	6.16M	2.86M	10.25M	13.45M	14.10M	19.54M	6.05M	3.11M	2.21M	2.02M	1.73M	1.71M	1.09M	1.30M	1.71M	1.82M	1.81M	1.17M	1.05M	1.36M	0.94M	0.36M	0.49M	0.23M	0.10M	0.09M	0.06M	0.05M	4.50M	8.82M	22.04M	119.80M	0.04M	0.06M	0.06M	0.06M	0.06M	0.01M			0.71M
Total Non-Current Liabilities	20.00M	24.86M	17.53M	16.67M		7.28M	7.27M	8.60M	6.83M	7.41M	7.44M	8.07M	6.70M	7.20M	7.03M	7.42M	7.53M	7.87M	11.70M	15.84M	16.43M	16.78M	15.28M	18.22M	12.70M	19.04M	36.29M	36.61M	38.36M	40.08M	45.76M	49.16M	46.32M	33.96M	40.62M	44.39M	60.08M	37.20M	36.89M	43.99M	110.14M	108.54M	110.91M	129.73M	129.03M	137.03M	113.77M	78.57M	73.19M	83.22M	82.13M	96.26M	90.43M	161.73M	124.56M	126.17M
Total Liabilities	20.17M	25.42M	22.25M	19.44M		8.32M	7.78M	8.97M	16.60M	12.28M	11.96M	13.24M	15.12M	12.24M	13.20M	10.28M	17.78M	21.32M	25.80M	35.38M	22.48M	19.88M	17.49M	20.25M	14.43M	20.75M	37.39M	37.91M	40.07M	41.90M	47.57M	50.33M	47.37M	35.32M	41.56M	44.75M	60.57M	37.43M	36.99M	44.08M	110.20M	108.60M	115.41M	138.55M	151.07M	256.82M	113.81M	78.63M	73.26M	83.29M	82.19M	96.27M	90.43M	161.73M	125.27M	126.17M	67.37M	63.67M	54.94M	53.60M	34.67M	37.06M	33.52M	44.69M	36.02M	39.71M	77.11M
Shareholder's Equity
Total Debt	12.07M	16.49M	12.11M	12.11M		1.01M		1.68M		0.76M	0.61M	0.02M	0.08M	0.05M	0.11M	0.19M	0.38M	0.05M	0.49M	0.52M	0.78M	0.70M	0.09M	0.03M	0.01M	3.42M	2.81M	0.17M	0.21M	0.60M	0.49M	1.07M	0.53M	0.85M	0.78M	0.93M	1.30M	0.60M	0.69M	0.98M	1.32M	0.65M	0.46M	0.73M	0.26M	0.51M	0.79M	0.64M	0.77M	1.77M	0.49M	0.55M	1.41M	1.34M	1.63M		16.39M	16.71M	16.49M	16.77M				13.26M	9.54M	11.42M	50.38M
Common Equity	15.82M	37.86M	68.18M	61.18M		51.95M	51.53M	47.10M	58.25M	55.58M	51.30M	47.86M	40.23M	36.36M	31.28M	34.86M	40.42M	29.67M	62.22M	52.90M	129.18M	122.27M	117.04M	111.54M	103.43M	180.96M	193.39M	175.93M	171.22M	162.09M	146.98M	123.38M	105.95M	123.53M	162.12M	142.49M	113.09M	111.49M	103.71M	87.03M	80.97M	56.48M	36.12M	5.40M	187.85M	186.36M	324.00M	461.14M	581.61M	508.55M	453.57M	399.67M	355.09M	297.67M	266.70M	222.36M	199.21M	169.37M	138.16M	117.35M	94.44M	96.74M	73.54M	68.50M	51.25M	28.53M	-7.72M
Shareholder's Equity				61.18M				47.10M		55.58M	51.30M	47.86M	40.23M	36.36M	31.28M	34.86M	40.42M	29.67M	62.22M	52.90M	129.18M	122.27M	117.04M	111.54M	103.43M	180.96M	193.39M	175.93M	171.22M	162.09M	146.98M	123.38M	105.95M	123.53M	162.12M	142.49M	113.09M	111.49M	103.71M	87.03M	80.97M	56.48M	36.12M	5.40M	187.85M	186.36M	324.00M	461.14M	581.61M	508.55M	453.57M	399.67M	355.09M	297.67M	266.70M	222.36M	199.21M	169.37M	138.16M	117.35M	94.44M	96.74M	73.54M	68.50M	51.25M	28.53M	-7.72M
Liabilities and Shareholders Equity	35.98M	63.27M	90.44M	80.63M	79.72M	60.28M	59.32M	56.07M	74.85M	67.86M	63.27M	61.11M	55.35M	48.60M	44.48M	45.14M	58.20M	50.99M	88.02M	88.29M	151.66M	142.15M	134.53M	131.79M	117.86M	201.70M	230.77M	213.84M	211.29M	203.99M	194.55M	173.71M	153.31M	158.85M	203.68M	187.24M	173.66M	148.92M	140.70M	131.11M	191.17M	165.07M	151.53M	143.95M	338.92M	443.19M	437.81M	539.77M	654.86M	591.84M	535.76M	495.94M	445.51M	459.40M	391.97M	348.53M	266.58M	233.04M	193.10M	170.95M	129.11M	133.80M	107.06M	113.20M	87.27M	68.24M	69.39M
Retained Earnings	-156.28M	-166.93M	-169.88M	-177.22M		-187.13M	-188.54M	-194.84M	-197.25M	-200.07M	-204.61M	-210.09M	-218.35M	-222.48M	-229.10M	-229.76M	-238.60M	-249.46M	-280.33M	-295.79M	-306.61M	-317.32M	-324.50M	-331.91M	-342.49M	-348.74M	-343.15M	-361.10M	-369.14M	-387.85M	-408.60M	-434.84M	-458.24M	-467.72M	-501.85M	-523.36M	-555.48M	-562.11M	-587.13M	-620.43M	-649.65M	-679.03M	-702.12M	-739.79M	-772.33M	-901.03M	-881.90M	-906.20M	-960.60M	-1042.74M	-1102.91M	-1209.86M	-1300.00M	-1400.00M	-1433.38M	-1487.85M	-1528.50M	-1600.00M	-1600.00M	-1622.97M	-1700.00M	-1700.00M	-1710.84M	-1730.22M	-1749.91M	-1800.00M	-1818.93M
Treasury Shares																									0.13M	0.23M	0.23M	0.23M	0.73M	0.75M	0.77M	0.80M	0.80M	0.86M	0.86M	1.23M	1.58M	1.57M	1.53M	1.69M	1.71M	1.57M	2.12M	2.07M	2.67M	2.87M	2.59M	2.56M	2.61M	2.52M	2.45M	2.45M	3.49M	2.76M	2.53M	0.21M	1.99M	3.55M	3.18M	0.27M	0.21M	0.19M	0.18M	0.34M	0.46M	0.67M	0.67M
Shares Outstanding				102.75M				105.04M				33.74M				36.08M				52.58M				60.74M				72.22M				74.06M				90.36M	90.70M	91.47M	94.47M	97.23M	97.93M	98.58M	99.05M	101.36M	145.92M	158.76M	167.53M	15.57M	209.33M	210.15M	210.36M	18.12M	226.51M	247.50M	249.49M	21.09M	21.89M	268.07M	22.48M	22.79M	23.37M	25.96M	26.05M	36.10M	36.67M	36.72M	53.57M

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Inovio Pharmaceuticals Balance Sheet (2009-2025) | INO

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