How has Intellia Therapeutics's tech square lease — prepaid rent changed year-over-year?

Intellia Therapeutics's tech square lease — prepaid rent increased by 95.9% year-over-year, from $26.8M to $52.5M.

What does tech square lease — prepaid rent mean?

This metric reflects the amount of rent paid in advance of the period to which it relates, recorded as an asset on the balance sheet. It indicates the company's liquidity position regarding future lease obligations and contractual cash outflows.

Intellia Therapeutics NTLA Tech Square Lease — Prepaid Rent

Similar metrics at other companies

SEDGPrepaid Lease

$3.14M—

SBACPrepaid Rent Current

$4.76M+13.5%

REXRIncrease Decrease In Prepaid Rent

$5.67M+738%

REXFinance Lease Prepayments

$15.6M—

FCP

FCPTAdvance Rent

$16.37M+5.5%

UDRAdvance Rent

$59.56M+13.9%

Other financials

Income statement

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Revenue$15.0M-9.5%

Operating income-$100.5M+16.8%

Net income-$96.2M+15.8%

EPS (diluted)-$0.81+26.4%

Balance sheet

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Cash & equivalents$134.7M+6.2%

Total debt$80.5M-32.5%

Total equity$620.9M-20.4%

Total assets$758.8M-23.1%

Cash flow

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Operating cash flow-$117.3M+21.2%

CapEx$79.0K-89.3%

Free cash flow-$117.4M+21.5%

Valuation

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Market cap$2.17B+106%

Enterprise value$2.11B+100%

P/S32.8×+9.7×

Profitability

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Operating margin-636.6%-202pp

Net margin-597%-194pp

FCF margin-550.2%-140pp

Returns & leverage

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Return on equity-56.3%-1.5pp

Debt / equity0.1×0.0×

Current ratio6.1×+1.2×

Where this comes from

Reported directly by Intellia Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:PrepaidRent.

The official record: Intellia Therapeutics’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Intellia Therapeutics's tech square lease — prepaid rent?: Intellia Therapeutics (NTLA) reported tech square lease — prepaid rent of $52.5M in Q1 2026.
How has Intellia Therapeutics's tech square lease — prepaid rent changed year-over-year?: Intellia Therapeutics's tech square lease — prepaid rent increased by 95.9% year-over-year, from $26.8M to $52.5M.
What does tech square lease — prepaid rent mean?: This metric reflects the amount of rent paid in advance of the period to which it relates, recorded as an asset on the balance sheet. It indicates the company's liquidity position regarding future lease obligations and contractual cash outflows.