Enliven Therapeutics Inc
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
ELVN$49.43+10.4%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(22,738) | $(14,724) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 79 | 67 |
| Stock-based compensation | 4,515 | 2,262 |
| Non-cash lease expense | 79 | — |
| Amortization of premiums and discounts on marketable securities, net | (661) | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses, other current and long-term assets | (3,642) | (6,088) |
| Operating lease liabilities | (83) | (1) |
| Accounts payable | 2,155 | 492 |
| Accrued expenses and other liabilities | (3,065) | (2,852) |
| Net cash used in operating activities | (23,361) | (20,844) |
| Cash flows from investing activities: | ||
| Maturities of marketable securities | 38,913 | — |
| Purchases of marketable securities | (56,778) | — |
| Purchases of property and equipment | (20) | (31) |
| Net cash used in investing activities | (17,885) | (31) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 270 | 140 |
| Proceeds from issuance of common stock and Pre-Funded Warrants in the Private Placement, net of issuance costs | 90,000 | — |
| Proceeds from the Financing Transaction, net of issuance costs | — | 162,900 |
| Cash acquired in connection with the reverse recapitalization | — | 81,821 |
| Payment of reverse recapitalization transaction costs | — | (7,420) |
| Net cash provided by financing activities | 90,270 | 237,441 |
| Net increase in cash, cash equivalents and restricted cash | 49,024 | 216,566 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 100,195 | 75,590 |
| Cash, cash equivalents and restricted cash at the end of the period | $149,219 | $292,156 |
| Components of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $149,165 | $292,102 |
| Restricted cash | 54 | 54 |
| Total cash, cash equivalents and restricted cash | $149,219 | $292,156 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Conversion of convertible preferred stock to common stock | $— | $149,749 |
| Issuance costs related to the Private Placement included in accounts payable and accrued expenses and other current liabilities | $170 | $— |
| Issuance costs related to the Financing Transaction included in accounts payable | $— | $1,534 |
| Transaction costs related to the reverse recapitalization included in accounts payable and accrued expenses and other current liabilities | $— | $1,316 |
| Receivables from stock option exercises included in prepaid expenses and other current assets | $50 | $— |
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