IPSC on Nasdaq
Century Therapeutics (United States)
We are a biotechnology company harnessing the power of allogeneic pluripotent stem cell therapies to develop potentially curative cell therapy products for autoimmune diseases, including type 1.4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerIPSC on Nasdaq1
- IndustryBiological Products, (No Diagnostic Substances)1
- HeadquartersPhiladelphia, Pennsylvania1
- Websitewww.centurytx.com
- Incorporated inDE3
- Business address25 N 38Th Street, 12Th Floor, Philadelphia, Pa3
- Filer category, Emerging growth company3
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We are a biotechnology company harnessing the power of allogeneic pluripotent stem cell therapies to develop potentially curative cell therapy products for autoimmune diseases, including type 1 diabetes, or T1D, and cancer. Our beta islet, T cell and NK cell programs are allogeneic, meaning they are derived from healthy donors for use in any patient, rather than being sourced from an individual for their own specific use, as is the case with autologous T cells. As a result, we believe such “off-the-shelf" therapies have the potential to overcome the limitations of first-generation cell therapies by providing readily available treatments more quickly, reliably, at greater scale, and to a broader patient population. What we believe further sets us apart from other allogeneic approaches is our focus on induced pluripotent stem cells, or iPSCs, which possess the unique ability to self-renew …4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$109.1M
- Income tax0¢$68.0K
Out of $109.2M in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Collaboration revenue | $109.2M | $6.6M |
| Research and development | $95.7M | $107.2M |
| General and administrative | $24.0M | $33.2M |
| Impairment of long-lived assets | $6.8M | |
| Impairment of goodwill | $4.3M | |
| Total operating expenses | $126.4M | $144.7M |
| Loss from operations | -$17.3M | -$138.1M |
| Interest income | $7.3M | $13.0M |
| Other income | $275.0K | $354.0K |
| Total other income | $7.6M | $13.4M |
| Loss before provision for income taxes | -$9.6M | -$124.8M |
| (Benefit) provision for income taxes | -$68.0K | $1.8M |
| Net loss | -$9.6M | -$126.6M |
| Net loss per common share Basic (in dollars per share) | -$0.14 | -$1.61 |
| Net loss per common share Diluted (in dollars per share) | -$0.14 | -$1.61 |
| Weighted average common shares outstanding Basic (in shares) | 86.6M shares | 78.6M shares |
| Weighted average common shares outstanding Diluted (in shares) | 86.6M shares | 78.6M shares |
| Unrealized gain (loss) on investments | -$294.0K | $153.0K |
| Foreign currency translation gain | $63.0K | |
| Comprehensive loss | -$9.9M | -$126.3M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $61.9M | $58.4M | |
| Short-term investments | $55.3M | $130.9M | |
| Prepaid expenses and other current assets | $3.7M | $4.8M | |
| Total current assets | $120.8M | $194.1M | |
| Property and equipment, net | $50.0M | $62.1M | |
| Operating lease right-of-use assets | $16.1M | $28.7M | |
| Restricted cash | $2.4M | $2.8M | |
| Long-term investments | $30.8M | ||
| Intangible assets | $34.2M | $34.2M | |
| Security deposits and non-current assets | $211.0K | $528.0K | |
| Total assets | $223.7M | $353.2M | |
| Accounts payable | $4.8M | $3.1M | |
| Accrued expenses and other liabilities | $11.7M | $17.5M | |
| Contingent consideration liability, short-term | $3.8M | ||
| Deposit liability | $20.0K | $82.0K | |
| Deferred revenue, current | $109.2M | ||
| Total current liabilities | $20.2M | $129.8M | |
| Operating lease liability, long term | $40.2M | $49.0M | |
| Contingent consideration liability, long-term | $8.7M | ||
| Deferred tax liability | $4.3M | $4.4M | |
| Total liabilities | $64.8M | $191.9M | |
| Common stock, $0.0001 par value, 300,000,000 shares authorized; and 87,519,096 and 85,836,429 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $9.0K | $9.0K | |
| Additional paid-in capital | $950.8M | $943.4M | |
| Accumulated deficit | -$791.9M | -$782.3M | |
| Accumulated other comprehensive income | $30.0K | $324.0K | |
| Total stockholders' equity | $158.9M | $161.4M | $184.8M |
| Total liabilities and stockholders' equity | $223.7M | $353.2M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, issued | 0 shares | 0 shares | |
| Preferred stock, outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | ||
| Common stock, shares authorized | 300.0M shares | ||
| Common stock, issued | 87.5M shares | 85.8M shares | |
| Common stock, outstanding | 87.5M shares | 85.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $61.9M | $58.4M | |
| Short-term investments | $55.3M | $130.9M | |
| Prepaid expenses and other current assets | $3.7M | $4.8M | |
| Total current assets | $120.8M | $194.1M | |
| Property and equipment, net | $50.0M | $62.1M | |
| Operating lease right-of-use assets | $16.1M | $28.7M | |
| Restricted cash | $2.4M | $2.8M | |
| Long-term investments | $30.8M | ||
| Intangible assets | $34.2M | $34.2M | |
| Security deposits and non-current assets | $211.0K | $528.0K | |
| Total assets | $223.7M | $353.2M | |
| Accounts payable | $4.8M | $3.1M | |
| Accrued expenses and other liabilities | $11.7M | $17.5M | |
| Contingent consideration liability, short-term | $3.8M | ||
| Deposit liability | $20.0K | $82.0K | |
| Deferred revenue, current | $109.2M | ||
| Total current liabilities | $20.2M | $129.8M | |
| Operating lease liability, long term | $40.2M | $49.0M | |
| Contingent consideration liability, long-term | $8.7M | ||
| Deferred tax liability | $4.3M | $4.4M | |
| Total liabilities | $64.8M | $191.9M | |
| Common stock, $0.0001 par value, 300,000,000 shares authorized; and 87,519,096 and 85,836,429 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $9.0K | $9.0K | |
| Additional paid-in capital | $950.8M | $943.4M | |
| Accumulated deficit | -$791.9M | -$782.3M | |
| Accumulated other comprehensive income | $30.0K | $324.0K | |
| Total stockholders' equity | $158.9M | $161.4M | $184.8M |
| Total liabilities and stockholders' equity | $223.7M | $353.2M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, issued | 0 shares | 0 shares | |
| Preferred stock, outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | ||
| Common stock, shares authorized | 300.0M shares | ||
| Common stock, issued | 87.5M shares | 85.8M shares | |
| Common stock, outstanding | 87.5M shares | 85.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$9.6M | -$126.6M |
| Depreciation | $13.1M | $13.3M |
| Non-cash operating lease expense (benefit) | $1.9M | -$271.0K |
| Stock based compensation | $6.8M | $12.7M |
| Impairment | $6.8M | $4.3M |
| Accretion of investments | -$2.4M | -$4.8M |
| Change in fair value of contingent liabilities | -$4.5M | -$1.4M |
| Gain on reduction in lease liability due to lease termination | -$1.4M | $959.0K |
| Deferred tax (benefit) expense | -$73.0K | $870.0K |
| Prepaid expenses and other assets | $2.3M | $543.0K |
| Operating lease liability | -$5.0M | -$3.4M |
| Deferred revenue | -$109.2M | -$6.6M |
| Accounts payable | $1.6M | -$1.5M |
| Accrued expenses and other liabilities | -$4.3M | $1.6M |
| Net cash used in operating activities | -$103.9M | -$110.1M |
| Acquisition of property and equipment | -$848.0K | -$154.0K |
| Acquisition of fixed maturity securities, available for sale | -$51.2M | -$119.5M |
| Sale of fixed maturity securities, available for sale | $159.5M | $176.8M |
| Acquisition of Clade Therapeutics, Inc., net of cash acquired | -$9.6M | |
| Net cash provided by investing activities | $107.5M | $47.5M |
| Proceeds from issuance of common stock and ESPP | $173.0K | $141.0K |
| Proceeds from ATM, net of issuance costs | $17.8M | |
| Proceeds from PIPE, net of issuance costs | $56.6M | |
| Net cash provided by financing activities | $173.0K | $74.6M |
| Net increase in cash, cash equivalents, and restricted cash | $3.8M | $11.9M |
| Reduction of ROU asset and lease liability due to non-cash lease modification | $3.9M | |
| Cash paid for income tax | $3.9M | $501.0K |
| Issuance of Equity to satisfy contingent liability | $447.0K | |
| Stock issued in connection with the Acquisition | $15.2M | |
| Landlord paid leasehold improvements | $934.0K |
No quarter-by-quarter statement was filed.
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Leadership
Who has led Century Therapeutics (United States), and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerBrent Pfeiffenberger Dec 6, 2023 to now12
- Chief executive officerOsvaldo Flores Jun 17, 2021 to Feb 6, 202313
- PresidentBrent Pfeiffenberger Dec 6, 2023 to now12
- PresidentHyam Levitsky Jun 17, 2021 to Mar 11, 202414
- Chief financial officerMorgan Conn Oct 16, 2024 to Oct 16, 202415
- Chief financial officerMichael Craig Diem May 17, 2023 to Nov 3, 202316
Board members and other officers (20)
- Chief Scientific OfficerChad Cowan Oct 3, 2024 to now17
- Chief Finanical OfficerMorgan Conn Oct 16, 2024 to Mar 12, 202518
- Chief Operations OfficerAdrienne Farid Jun 17, 2021 to now19
- VP Finance & OperationsDouglas Carr Jun 17, 2021 to now20
- Chief Technology OfficerGregory Russotti Jun 17, 2021 to now21
- Chief Scientific OfficerLuis Borges Jun 17, 2021 to Apr 5, 202322
- Chief Business OfficerMichael Craig Diem Jun 17, 2021 to Feb 6, 202323
- Board memberMartin Patrick Murphy Apr 10, 2026 to now24
- Board memberJoseph Truitt Sep 10, 2026 to now25
- Board memberHan Myung Lee Dec 11, 2025 to now26
- Board memberBrent Pfeiffenberger Dec 6, 2023 to now12
- Board memberDaphne Quimi Oct 3, 2022 to now27
- Board memberTimothy P. Walbert Oct 3, 2022 to now28
- Board memberAlessandro Riva Jun 17, 2021 to now29
- Board memberCynthia M. Butitta Jun 17, 2021 to now30
- Board memberEli Casdin Jun 17, 2021 to Jun 10, 202231
- Board memberJoseph Jimenez Jun 17, 2021 to now32
- Board memberKimberly Blackwell Jun 17, 2021 to now33
- Board memberOsvaldo Flores Jun 17, 2021 to Jun 17, 202113
- Board memberRizzuto Carlo Jun 17, 2021 to now34
Timeline
Filings
388 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 74 major events, 161 insider forms, 32 large holders, 101 other. The latest 20:
- Oct 2, 20268-K EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 14, 2026144 EDGAR
- Sep 14, 2026144 EDGAR
- Sep 10, 20264 EDGAR
- Sep 10, 20263 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20268-K EDGAR
- Sep 8, 2026144 EDGAR
- Aug 18, 20264 EDGAR
- Aug 12, 20268-K EDGAR
- Aug 12, 202610-Q EDGAR
- Aug 5, 20264 EDGAR
- Jun 16, 20268-K EDGAR
- Jun 15, 20264 EDGAR
- Jun 15, 20264 EDGAR
The 388 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
67 open-market trades by officers, directors and large owners since October 2021: 4 buys and 63 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 14, 2026 | Russotti GregorySee Remarks | Sale | 2,587 | $1.93 | $5.0K | Form 4 |
| Sep 14, 2026 | Carr DouglasSVP Finance & Operations | Sale | 1,658 | $1.93 | $3.2K | Form 4 |
| Sep 8, 2026 | Russotti GregorySee Remarks | Sale | 534 | $2.05 | $1.1K | Form 4 |
| Sep 8, 2026 | Carr DouglasSVP Finance & Operations | Sale | 254 | $2.05 | $521 | Form 4 |
| Aug 3, 2026 | Carr DouglasSVP Finance & Operations | Sale | 275 | $1.98 | $544 | Form 4 |
| Jun 12, 2026 | Russotti GregorySee Remarks | Sale | 2,584 | $2.23 | $5.8K | Form 4 |
| Jun 12, 2026 | Carr DouglasSVP Finance & Operations | Sale | 1,654 | $2.23 | $3.7K | Form 4 |
| Jun 8, 2026 | Russotti GregorySee Remarks | Sale | 524 | $2.11 | $1.1K | Form 4 |
| Jun 8, 2026 | Carr DouglasSVP Finance & Operations | Sale | 249 | $2.11 | $525 | Form 4 |
| May 4, 2026 | Carr DouglasSVP Finance & Operations | Sale | 264 | $2.34 | $618 | Form 4 |
| Mar 12, 2026 | Russotti GregorySee Remarks | Sale | 10,076 | $2.55 | $25.7K | Form 4 |
| Mar 12, 2026 | Carr DouglasSVP Finance & Operations | Sale | 7,043 | $2.55 | $18.0K | Form 4 |
| Mar 9, 2026 | Russotti GregorySee Remarks | Sale | 479 | $2.54 | $1.2K | Form 4 |
| Mar 9, 2026 | Carr DouglasSVP Finance & Operations | Sale | 247 | $2.54 | $627 | Form 4 |
| Feb 3, 2026 | Carr DouglasSVP Finance & Operations | Sale | 323 | $1.82 | $588 | Form 4 |
| Dec 22, 2025 | Cowan ChadChief Scientific Officer | Buy | 58,060 | $0.85 | $49.4K | Form 4 |
| Dec 12, 2025 | Pfeiffenberger BrentPresident and CEO | Buy | 52,000 | $0.58 | $30.2K | Form 4 |
| Dec 8, 2025 | Russotti GregorySee Remarks | Sale | 526 | $0.53 | $279 | Form 4 |
| Dec 8, 2025 | Carr DouglasSVP Finance & Operations | Sale | 257 | $0.53 | $136 | Form 4 |
| Nov 20, 2025 | Cowan ChadChief Scientific Officer | Sale | 5,462 | $0.50 | $2.7K | Form 4 |
All 67 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Point72 Asset Management, L.P.SCHEDULE 13G/A, 3 filings Jan 5, 2026 to May 15, 202635
- RTW INVESTMENTS, LPSCHEDULE 13G, 1 filing May 15, 202636
- Commodore Capital LPSCHEDULE 13G, 1 filing Jan 16, 202637
- RA CAPITAL MANAGEMENT, L.P.SCHEDULE 13G, 1 filing Jan 16, 202638
- Venrock Healthcare Capital Partners III, L.P.SCHEDULE 13G, 4 filings Mar 4, 2024 to Jan 16, 202639
- Deep Track Capital, LPSCHEDULE 13G, 1 filing Jan 15, 202640
- TCG Crossover GP II, LLCSCHEDULE 13G, 1 filing Jan 15, 202641
- Bain Capital Life Sciences Opportunities III, LPSCHEDULE 13G/A, 2 filings Apr 25, 2024 to Nov 14, 202542
- Casdin Capital, LLCSCHEDULE 13G/A, 6 filings Oct 11, 2022 to May 15, 202543
- FMR LLCSC 13G/A, 5 filings Feb 9, 2022 to Nov 12, 202444
- Boxer Capital Management, LLCSC 13G/A, 1 filing Oct 25, 202445
- Boxer Capital, LLCSC 13G, 1 filing Apr 22, 202446
- Versant Venture Capital VI, L.P.SC 13G/A, 3 filings Feb 11, 2022 to Feb 8, 202447
- BAYER AKTIENGESELLSCHAFTSC 13G, 1 filing Feb 11, 202248
- FUJIFILM Cellular Dynamics, Inc.SC 13G, 1 filing Feb 11, 202249
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 98. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Ra Capital Management, L.P. | 17,754,430 | $43.5M | 0.4% | No change |
| TCG Crossover Management, LLC | 17,754,430 | $43.4M | 1.0% | No change |
| Versant Venture Management, LLC | 12,166,109 | $29.8M | 18.3% | No change |
| Deep Track Capital, LP | 9,462,645 | $23.2M | 0.3% | −25,100 |
| Rtw Investments, LP | 8,695,652 | $21.3M | 0.2% | No change |
| Venrock Adviser, LLC | 8,695,652 | $21.3M | 0.6% | No change |
| Commodore Capital LP | 8,695,652 | $21.3M | 1.3% | No change |
| BlackRock, Inc. | 8,091,768 | $19.8M | 0.0% | +6,567,346 |
| Vanguard Capital Management LLC | 5,703,680 | $14.0M | 0.0% | +17,476 |
| Balyasny Asset Management L.P. | 5,522,944 | $13.5M | 0.0% | +505,211 |
| Point72 Asset Management, L.P. | 4,980,526 | $12.2M | 0.0% | −984,152 |
| Seven Fleet Capital Management LP | 4,347,826 | $10.7M | 1.8% | +1,400,000 |
| Woodline Partners LP | 4,257,530 | $10.4M | 0.0% | +1,214,052 |
| Millennium Management LLC | 4,194,981 | $10.3M | 0.0% | −472,082 |
| Trails Edge Capital Partners, LP | 4,134,969 | $10.1M | 1.6% | +1,684,976 |
| Spruce Street Capital LP | 4,059,054 | $9.9M | 2.0% | No change |
| Adage Capital Partners Gp, L.l.c. | 3,789,538 | $9.3M | 0.0% | No change |
| Geode Capital Management, LLC | 2,979,529 | $7.3M | 0.0% | +1,677,865 |
| Two Sigma Investments, LP | 2,699,013 | $6.6M | 0.0% | +327,583 |
| DAFNA Capital Management LLC | 2,400,458 | $5.9M | 1.1% | −33,895 |
| Stempoint Capital LP | 2,146,182 | $5.3M | 0.9% | New |
| State Street Corp | 1,843,154 | $4.5M | 0.0% | +1,456,431 |
| Northern Trust Corp | 1,593,944 | $3.9M | 0.0% | +1,363,124 |
| DV Trading LLC | 1,400,000 | $3.4M | 0.3% | No change |
| Rock Springs Capital Management LP | 1,304,347 | $3.2M | 0.2% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitewww.centurytx.com1
- WikidataQ107519701
- SEC EDGARCIK 1850119
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARHyam Levitsky, President
- 15SEC EDGARMorgan Conn, Chief financial officer
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- 17SEC EDGARChad Cowan, Chief Scientific Officer
- 18SEC EDGARMorgan Conn, Chief Finanical Officer
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- 24SEC EDGARMartin Patrick Murphy, Board member
- 25SEC EDGARJoseph Truitt, Board member
- 26SEC EDGARHan Myung Lee, Board member
- 27SEC EDGARDaphne Quimi, Board member
- 28SEC EDGARTimothy P. Walbert, Board member
- 29SEC EDGARAlessandro Riva, Board member
- 30SEC EDGARCynthia M. Butitta, Board member
- 31SEC EDGAREli Casdin, Board member
- 32SEC EDGARJoseph Jimenez, Board member
- 33SEC EDGARKimberly Blackwell, Board member
- 34SEC EDGARRizzuto Carlo, Board member
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