LCTX · Lineage Cell Therapeutics, Inc. · Financials
2 customers — 92% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company’s top two customers collectively represented 92% of the Company’s total revenue.”
One customer — 92% of revenue (the year ended December 31, 2024)
“For the year ended December 31, 2024, the Company's top single customer represented 92% of the Company’s total revenue.”
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $13.08M | $14.56M | $9.5M | $8.95M | $14.7M | $4.34M | $1.83M | $3.52M | $4.99M | $3.46M | $5.92M | $7.04M | $5.24M | $4.43M | $3.92M | $4.43M | $3.71M | $1.93M | |
| — | — | — | — | $829K | $2000 | $1.04M | — | — | — | — | -$640K | -$89K | $0 | $19.38K | $29.73K | -$124.3K | -$1.65M | |
| — | — | $334K | $671K | $728K | $1.43M | $385K | $412K | $302K | $168K | $358K | $1.11M | $837K | $793K | $434.27K | $79.4K | $27.72K | — | |
| — | — | $9.17Md | $8.27M | $13.98M | $2.92M | $1.44M | $3.1M | $4.69M | $3.29M | $5.57M | $5.93M | $4.41M | $3.64M | $3.48M | $4.35M | $3.68M | — | |
| — | — | 96.48%d | 92.5% | 95.05% | 67.15% | 78.92% | 88.28% | 93.95% | 95.14% | 93.96% | 84.27% | 84.04% | 82.12% | 88.91% | 98.21% | 99.25% | — | |
| $20.52M | $17.73M | $12.47M | $15.71M | $13.99M | $33.91M | $12.32M | $17.95M | $20.96M | $24.02M | $36.11M | $42.6M | $37.53M | $26.61M | $18.12M | $13.7M | $8.19M | -$3.18M | |
| $19.35M | $18.46M | $18.17M | $17.3M | $22.51M | $18.21M | $15.57M | $24.03M | $24.73M | $19.92M | $28.43M | $29.13M | $17.56M | $15.56M | $10.37M | $9.34M | $5.34M | -$2.26M | |
| — | $0 | $22K | $130K | $145K | $210K | $1.22M | $2M | $2.19M | $2.35M | $3.58M | $5.26M | $7.36M | $3.3M | $2.45M | $1.99M | $790.12K | $0 | |
| $739K | $699K | $587K | $562K | $582K | $663K | $823K | $1M | $1.08M | $947K | $1.18M | $1.08M | $1.05M | — | — | — | — | — | |
| — | — | — | $33.01M | $36.5M | $52.13M | $27.89M | $41.98M | $46.48M | $43.95M | $64.53M | $71.74M | $55.09M | $59.63M | $28.48M | $23.04M | $13.53M | $5.45M | |
| $39.93M | $51.18M | $30.98M | $33.68M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| -$26.85M | -$36.62M | -$21.48M | -$24.73M | -$22.52M | -$49.21M | -$26.45M | -$38.88M | -$41.8M | -$38.9M | -$58.97M | -$65.81M | -$50.68M | -$55.99M | -$25M | -$18.69M | -$9.85M | -$3.52M | |
| — | -251.57% | -226.11% | -276.5% | -153.17% | -1133.63% | -1448.36% | -1106% | -837.91% | -1124.99% | -995.56% | -935.32% | -966.48% | -1262.65% | -638.53% | -421.42% | -265.7% | -182.86% | |
| -$26.11M | -$35.92M | -$20.89M | -$24.17M | -$21.94M | -$48.55M | -$25.62M | -$37.87M | -$40.71M | -$37.96M | -$57.79M | -$64.73M | -$49.63M | — | — | — | — | — | |
| -$10.54M | -$32.03M | $2.9M | $1.45M | -$3.29M | $5.94M | $4.52M | $19.64M | -$5.34M | $15.61M | $77.59M | $3.16M | -$473K | -$204K | -$305.18K | $242.55K | -$2.34M | -$1.62M | |
| — | — | — | — | — | — | — | — | — | — | -$4.67M | -$35K | $0 | $0 | — | — | — | — | |
| — | -$68.65M | -$18.58M | -$23.28M | -$25.81M | -$43.27M | -$21.92M | -$19.23M | -$47.13M | -$23.29M | $18.62M | -$62.65M | -$51.16M | -$56.19M | -$25.31M | -$18.44M | — | — | |
| — | -$5.28M | $0 | -$1.8M | $541K | — | -$1.24M | -$7.41M | $346K | — | — | — | — | — | — | — | — | — | |
| -$32.26M | -$63.53M | -$18.61M | -$21.49M | -$26.27M | -$43.02M | -$20.65M | -$11.71M | -$45.99M | -$19.98M | $33.57M | -$46.99M | -$36.41M | -$43.88M | -$21.43M | -$16.52M | -$11.18M | -$5.14M | |
| — | -436.47% | -195.9% | -240.2% | -178.69% | -990.99% | -1130.83% | -333.12% | -922.01% | -577.67% | 566.81% | -667.87% | -694.36% | -989.69% | -547.23% | -372.46% | -301.63% | -267.22% | |
| $155K | $166K | $27K | $7000 | -$80K | -$251K | -$36K | -$118K | -$794K | -$3.31M | -$14.95M | -$11.14M | -$7.37M | -$9.03M | -$3.88M | -$1.93M | -$1M | $590 | |
| — | — | — | — | — | — | — | — | — | -$19.98M | $33.57M | -$47.41M | -$36.5M | -$43.88M | -$21.43M | — | — | — | |
| -$32.64M | -$64.58M | -$18.42M | -$20.98M | -$24.63M | -$44.56M | -$23.64M | -$13.82M | -$44.69M | $22.1M | $18.12M | -$58.56M | -$43.66M | -$52.79M | -$25.24M | -$17.54M | -$10.29M | -$5.14M | |
| USD/shares | -$0.14 | -$0.28 | -$0.09 | -$0.12 | -$0.15 | -$0.26 | — | — | — | -$0.17 | $0.35 | -$0.59 | -$0.55 | — | — | — | — | — |
| USD/shares | -$0.19 | -$0.28 | -$0.09 | -$0.12 | -$0.15 | — | — | — | — | -$0.17 | $0.34 | -$0.59 | -$0.55 | — | — | — | — | — |
| shares | — | 230.12M | 200.19M | 172.66M | 169.79M | 164.5M | 150.04K | 145.53K | 126.9K | 114.48M | 97.32M | 79.71M | 66.47M | 54.23M | 49.21M | 47.05M | 40.27M | — |
| shares | — | 230.12M | 200.19M | 172.66M | 169.79M | 164.5K | 150.04K | 145.53K | 126.9K | 114.48M | 99.55M | 79.71M | 66.47M | 54.23M | 49.21M | 47.05M | 40.27M | — |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Finance lease liabilities | 2026-06-30 | USD 48,000 | 10-Q filed 2026-08-06 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Operating lease liabilities | 2026-06-30 | USD 2,251,000 | 10-Q filed 2026-08-06 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 336 similar-size Biotechnology companies (of 563 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Geography (USD)
| Component | FY2025 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Non Us | $2,500,000 | — | — | — | — |
| United States | — | $14,703,000 | $3,895,000 | $1,160,000 | $2,092,000 |
| Foreign | — | — | $446,000 | $666,000 | $1,423,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Collaboration Revenues | $13,609,000 | $8,149,000 | $7,588,000 | $13,367,000 | $1,120,000 | — | — |
| Event-Based Milestones and Other Collaborative Revenue | $7,164,000 | — | — | — | — | — | — |
| Upfront License Fees | $6,445,000 | $8,149,000 | — | $13,367,000 | $452,000 | — | — |
| Royalties, License and Other Revenues | $947,000 | $1,350,000 | $1,357,000 | $1,336,000 | — | — | — |
| Event Based Development Milestones | — | — | — | — | $123,000 | — | — |
| Grant Revenues | — | — | — | — | $445,000 | $1,053,000 | — |
| Reimbursements Cost Sharing Payments | — | — | — | — | $545,000 | — | — |
| Royalties from Product Sales and License Fees | — | — | — | — | — | $773,000 | $1,221,000 |
| Royalties | — | — | — | $1,336,000 | $2,776,000 | $773,000 | — |
| Sale of Research Products and Services | — | — | — | — | — | — | $257,000 |
| Grant | — | — | — | — | — | $1,053,000 | $2,037,000 |
| Royalty | — | — | — | — | $2,776,000 | $773,000 | — |