Monte Rosa Therapeutics, Inc. GLUE Klybeckstrasse Lease — Increase Decrease In Operating Lease Liability
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Where this comes from
Reported directly by Monte Rosa Therapeutics, Inc. in its filing.
Tagged under the XBRL concept us-gaap:IncreaseDecreaseInOperatingLeaseLiability.
The source filing: Monte Rosa Therapeutics, Inc.’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 7:09 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001193125-26-336711
In March 2021, the Company entered into an operating lease agreement, or the Klybeckstrasse Lease, for office and laboratory space with Wincasa AG, or the Basel Landlord, that occupies approximately 21,422 square feet located at Klybeckstrasse 191, 4057 Basel, Basel-City, Switzerland. In April 2023, the Company and the Basel Landlord amended the Klybeckstrasse Lease which increased the office and laboratory space square footage from 21,422 square feet to 44,685 square feet and extended the term of the lease through June 30, 2027. In March 2026, the Company and the Basel Landlord again amended the Klybeckstrasse Lease, the Second Amendment, to extend the term of the lease through June 30, 2028. The Second Amendment was accounted for as a lease modification and resulted in increases to the related ROU asset and operating lease liability of $1.0 million.
Item 1. Financial Statements
FAQ
- What is Monte Rosa Therapeutics, Inc.'s klybeckstrasse lease — increase decrease in operating lease liability?
- Monte Rosa Therapeutics, Inc. (GLUE) reported klybeckstrasse lease — increase decrease in operating lease liability of $1M in Q1 2026.
- What does klybeckstrasse lease — increase decrease in operating lease liability mean?
- This metric represents the net change in the recognized lease liability associated with the Klybeckstrasse facility, reflecting adjustments for new lease agreements, modifications, or remeasurements. It captures the financial impact of the company's commitment to this specific real estate asset over the lease term. Monitoring this value helps investors understand the company's fixed-cost obligations and capital expenditure strategy related to its physical infrastructure.
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