Corporate Restructuring (Tables)

3 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

The table below summarizes the expenses recognized and expected to be recognized under the 2024 Restructuring Plan as of March 31, 2025:


	Expense recognized for the three months ended March 31, 2025		Cumulative expense recognized as of March 31, 2025		Total expense expected to be recognized
Cash-related restructuring expenses:
Severance and related benefits	$	57	$	5,604	$	5,604
Non-cash expenses:
Stock-based compensation expense	—		1,037		1,037
Total restructuring expenses	$	57	$	6,641	$	6,641

The following table summarizes the cash-related restructuring accrued liabilities activity recorded in connection with the 2024 Restructuring Plan for the three months ended March 31, 2025:


	For the three months ended March 31, 2025
Beginning balance at January 1, 2025	$	605
Cash-related expenses recognized	57
Cash-related expenses paid	(400)
Reversal of excess accrual	—
Remaining accrual at March 31, 2025 (1)	$	262

(1)This balance is included within accrued expenses and other current liabilities on the condensed consolidated balance sheets.

2seventy bio, Inc. 10-Q