Fulcrum Therapeutics Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
FULC$3.720.0%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
(In thousands)
| Year EndedDecember 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net loss | $(9,725) | $(97,335) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 1,593 | 2,172 |
| Stock-based compensation expense | 14,554 | 14,802 |
| Net accretion of discounts on marketable securities | (4,392) | (5,991) |
| Changes in operating assets and liabilities: | ||
| Unbilled accounts receivable | (1,559) | (308) |
| Prepaid expenses and other current assets | (1,365) | (1,072) |
| Operating lease assets and liabilities | (700) | (715) |
| Other assets | 2,001 | 94 |
| Accounts payable | (1,593) | (853) |
| Accrued expenses and other liabilities | (1,032) | (825) |
| Deferred revenue | — | (934) |
| Net cash used in operating activities | $(2,218) | $(90,965) |
| Investing activities | ||
| Purchases of marketable securities | (178,594) | (194,892) |
| Maturities of marketable securities | 211,102 | 158,708 |
| Purchases of property and equipment | (278) | (508) |
| Net cash provided by (used in) investing activities | 32,230 | (36,692) |
| Financing activities | ||
| Proceeds from issuance of common stock in connection with public offerings, net of issuance costs | — | 117,345 |
| Proceeds from issuance of common stock under benefit plans, net | 2,746 | 777 |
| Net cash provided by financing activities | 2,746 | 118,122 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 32,758 | (9,535) |
| Cash, cash equivalents, and restricted cash, beginning of period | 26,655 | 36,190 |
| Cash, cash equivalents, and restricted cash, end of period | $59,413 | $26,655 |
| Supplemental cash flow information | ||
| Cash paid for operating lease liabilities | $2,782 | $3,333 |
The following table provides a reconciliation of the cash, cash equivalents, and restricted cash balances as of each of the periods shown above:
| December 31,2024 | December 31,2023 | |
|---|---|---|
| Cash and cash equivalents | $58,212 | $25,563 |
| Restricted cash | 1,201 | 1,092 |
| Total cash, cash equivalents, and restricted cash | $59,413 | $26,655 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.