v3.25.3

Condensed Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 36,437	$ 124,014
Short-term investments	142,201	34,671
Accounts receivable, net	32,962	35,619
Inventories	49,289	59,387
Prepaid expenses and other current assets	4,478	4,530
Total current assets	265,367	258,221
Restricted cash	3,329	3,329
Property and equipment, net	5,254	8,133
Operating lease right-of-use assets	2,767	3,940
Other assets	538	2,172
Total assets	277,255	275,795
Current liabilities:
Accounts payable	1,724	3,862
Accrued compensation and related benefits	10,855	16,821
Accrued expenses and other current liabilities	6,692	8,205
Accrued warranty liability	1,363	1,938
Deferred revenue, current	14,900	12,753
Operating lease liabilities, current	1,912	1,799
Total current liabilities	37,446	45,378
Accrued interest	0	2,695
Deferred revenue	676	844
Operating lease liabilities	1,244	2,684
Term loan	95,524	197,375
Total liabilities	134,890	248,976
Commitments and contingencies (Note 6)
Stockholders' equity:
Preferred stock, $0.001 par value; 5,000 shares authorized as of September 30, 2025 and December 31, 2024; 21 and 0 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	3,841	0
Common stock, $0.001 par value; 300,000 shares authorized as of September 30, 2025 and December 31, 2024; 17,809 and 3,530 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	18	4
Additional paid-in capital	1,290,234	1,116,496
Accumulated other comprehensive loss	157	42
Accumulated deficit	(1,151,885)	(1,089,723)
Total stockholders' equity	142,365	26,819
Total liabilities and stockholders' equity	$ 277,255	$ 275,795

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Outset Medical, Inc. 10-Q