EXICURE, INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $0 | $500,000 | $0 | $28.8M | -$483,000 |
| Operating income | -$4.2M | -$12.2M | -$15.0M | -$1.8M | -$62.5M |
| Operating expenses | $4.2M | $12.7M | $15.0M | $30.7M | $62.1M |
| Cash from operations | -$8.6M | -$2.9M | -$10.4M | -$35.7M | -$34.8M |
| Capital expenditure | $1,000 | $0 | $0 | $10,000 | $968,000 |
| Free cash flow | -$8.6M | -$2.9M | -$10.4M | -$35.7M | -$35.8M |
| Impairments | $0 | — | $0 | $0 | — |
| Total assets | $14.0M | $15.1M | $11.6M | $23.3M | $64.9M |
| Total liabilities | $10.1M | $8.3M | $8.5M | $8.4M | $53.6M |
| Total debt | — | — | — | — | $7.5M |
Shares outstanding 6.4M
Annual filing data through FY ended December 31, 2025; float as of July 2, 2026.