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What changed in Summit Therapeutics Inc.'s latest annual report

In the year ended 31 Dec 2025, Summit Therapeutics Inc.'s cash and cash equivalents rose 114.8% to USD 225.27m, from USD 104.86m; total liabilities rose 97.2% to USD 92.32m, from USD 46.81m; total assets rose 72.5% to USD 751.18m, from USD 435.56m.

Year ended 31 Dec 2025. Source: 10-K filed 23 Feb 2026, read it on SEC EDGAR.

USD 104.86m to USD 225.27m

Cash and cash equivalents, up 114.8% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Net income-221.31m-1.08bnNot comparable
Total assets435.56m751.18mUp 72.5%
Total liabilities46.81m92.32mUp 97.2%
Cash and cash equivalents104.86m225.27mUp 114.8%
Shareholders' equity388.75m658.86mUp 69.5%

Questions people ask

Is Summit Therapeutics Inc. profitable?

Not in its latest year: it reported a net loss of USD 1.08bn in the year ended 31 Dec 2025. The year before: a net loss of USD 221.31m.

How much cash and debt does Summit Therapeutics Inc. have?

At its latest year end (31 Dec 2025), Summit Therapeutics Inc. reported cash and cash equivalents of USD 225.27m.

Where do these numbers come from?

From Summit Therapeutics Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Summit Therapeutics Inc. (SMMT) 10-K: what changed year on year | LYNORIQ Insights