v3.25.3

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 11,945	$ 19,606
Restricted cash	12,375	0
Current marketable securities	3,528	63,071
Accounts receivable, net	7,485	9,211
Contract assets, net	12,576	11,932
Prepaid expenses and other current assets	5,092	3,460
Total current assets	53,001	107,280
Non-current assets:
Non-current marketable securities	0	4,785
Property and equipment, net	1,693	865
Operating lease right-of-use assets, net	2,745	1,711
Intangible assets, net	27,135	4,369
Goodwill	30,563	9,026
Non-current portion of contract assets	13,906	12,611
Other assets	1,548	1,698
Total non-current assets	77,590	35,065
Total assets	130,591	142,345
Current liabilities:
Accounts payable	3,638	3,316
Accrued expenses and other current liabilities	23,133	19,801
Accrued income taxes	1,462	1,668
Deferred revenue, current	11,352	7,497
Operating lease liabilities, current	1,038	744
Vendor financing obligation, current	1,139	1,462
Total current liabilities	41,762	34,488
Non-current liabilities:
Deferred revenue, non-current	4,956	3,593
Operating lease liabilities, non-current	1,681	946
Vendor financing obligation, non-current	1,993	2,928
Other non-current liabilities	1,101	307
Total liabilities	51,493	42,262
Commitments and contingencies (Note 11)
Stockholders' equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of September 30, 2025 and December 31, 2024	0	0
Common stock, $0.0001 par value; 500,000,000 shares authorized; 30,531,193 and 28,526,615 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	3	3
Additional paid-in capital	142,766	130,360
Accumulated deficit	(61,993)	(28,012)
Accumulated other comprehensive loss	(1,678)	(2,268)
Total stockholders' equity	79,098	100,083
Total liabilities and stockholders' equity	$ 130,591	$ 142,345

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Silvaco Group, Inc. 10-Q