Absci

At December 31, 2025, Absci held 144.3 million in cash and marketable securities and reported minimal debt (0.9 million current and none long-term), providing balance-sheet flexibility.

Operating cash outflow was 92.9 million in 2025 and capital expenditures were modest, implying a runway that management believes covers at least the next 12 months and which earlier guidance suggested extended into the first half of 2027. The structure is equity-financed, and future raises appear likely absent material milestone inflows or cost reductions.