PepGen Inc
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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FY2024 · Filed Feb 24, 2025
PEPG$4.61+92.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN THOUSANDS)
| Year EndedDecember 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(89,981) | $(78,626) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Depreciation | 1,505 | 1,184 |
| Stock-based compensation expense | 11,457 | 7,048 |
| Amortization and interest accretion related to operating lease | 3,748 | (334) |
| Amortization and accretion of premium and discounts on marketable securities, net | (3,925) | (220) |
| Other non-cash adjustments | 70 | — |
| Changes in operating assets and liabilities: | ||
| Prepaids and other current and non-current assets | (1,301) | 2,064 |
| Accounts payable | 722 | (369) |
| Accrued expenses and other non-current liabilities | (1,663) | 1,422 |
| Operating lease liabilities, current and non-current | (3,004) | (1,166) |
| Net cash used in operating activities | (82,372) | (68,997) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (497) | (2,599) |
| Purchases of marketable securities | (145,171) | (29,404) |
| Maturities of marketable securities | 108,000 | — |
| Net cash used in investing activities | (37,668) | (32,003) |
| Cash flows from financing activities: | ||
| Issuance of common stock upon initial public offering, net of underwriters’ fees | 76,878 | — |
| Payment of offering costs | (511) | (442) |
| Issuance of common stock from At-the-Market Sales Agreement, net of underwriters' fees | 9,900 | — |
| Proceeds from employee equity plans | 2,482 | 253 |
| Net cash provided by (used in) financing activities | 88,749 | (189) |
| Effect of exchange rate changes on cash | (62) | 286 |
| Net (decrease) in cash, cash equivalents and restricted cash | $(31,353) | $(100,903) |
| Cash, cash equivalents and restricted cash at beginning of period | 82,322 | 183,225 |
| Cash, cash equivalents and restricted cash at end of period | $50,969 | $82,322 |
| Components of cash, cash equivalents and restricted cash | ||
| Cash and cash equivalents | $49,421 | $80,774 |
| Restricted cash | 1,548 | 1,548 |
| Total cash, cash equivalents and restricted cash at end of period | $50,969 | $82,322 |
| Supplemental noncash investing and financing activities | ||
| Property and equipment included in accounts payable and accrued expenses | $31 | $14 |
| Cash paid for taxes | 71 | 2,702 |
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