ALX ONCOLOGY HOLDINGS INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 6, 2025
ALXO$1.11-13.6%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 Ended | |||
|---|---|---|---|
| December 31, | |||
| 2024 | 2023 | 2022 | |
| Operating activities | |||
| Net loss | $(134,850) | $(160,805) | $(123,482) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 872 | 836 | 342 |
| Non-cash lease costs | 1,785 | 1,272 | 1,124 |
| Stock-based compensation | 27,093 | 26,273 | 23,839 |
| Net accretion of discounts on investments | (4,657) | (6,487) | (940) |
| Accretion of term loan discount and issuance costs | 265 | 250 | 44 |
| Loss on disposal of fixed asset | 10 | — | — |
| Changes in operating assets and liabilities | |||
| Prepaid expenses and other current assets | (692) | (1,291) | (1,476) |
| Other assets | 7,375 | 1,366 | 750 |
| Accounts payable | (4,024) | 458 | 4,506 |
| Payable and accrued liabilities due to related party | (394) | (1,107) | 20 |
| Accrued expenses and other current liabilities | (12,624) | 11,224 | 7,027 |
| Other non-current liabilities | (2,071) | (2,353) | (977) |
| Net cash used in operating activities | (121,912) | (130,364) | (89,223) |
| Investing activities | |||
| Purchase of investments | (107,406) | (246,629) | (376,789) |
| Maturities of investments | 194,109 | 292,560 | 142,800 |
| Purchase of property and equipment | (447) | (1,274) | (1,427) |
| Net cash provided by (used in) investing activities | 86,256 | 44,657 | (235,416) |
| Financing activities | |||
| Proceeds from equity offerings, net of underwriter discounts ($3.8 million) and issuance costs ($0.6 million) | — | 58,887 | — |
| Proceeds from ATM offering, net of commissions ($0.8 million) | 29,661 | — | — |
| Proceeds from exercise of stock options under equity incentive plan | 1,632 | 269 | 567 |
| Proceeds from issuance of common stock under employee stock purchase plan | 351 | 523 | 336 |
| Principal payments on finance leases | (827) | (388) | (388) |
| Proceeds from issuance of term loan, net | — | — | 10,000 |
| Payments of debt issuance costs | — | — | (655) |
| Net cash provided by financing activities | 30,817 | 59,291 | 9,860 |
| Net decrease in cash, cash equivalents and restricted cash | (4,839) | (26,416) | (314,779) |
| Cash, cash equivalents and restricted cash at beginning of year | 22,472 | 48,888 | 363,667 |
| Cash, cash equivalents and restricted cash at end of period | $17,633 | $22,472 | $48,888 |
| Supplemental disclosure | |||
| Cash paid for interest | $1,387 | $1,177 | $103 |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Purchase of property and equipment in accounts payable and accrued expenses | $1,158 | $1,407 | $2,145 |
| Right-of-use asset acquired under operating leases | $— | $— | $4,613 |
| Right-of-use asset acquired under finance leases | $1,309 | $2,600 | $— |
| Reconciliation of cash and cash equivalents and restricted cash: | |||
| Cash and cash equivalents | $17,567 | $22,406 | $48,822 |
| Restricted cash (included in other assets) | 66 | 66 | 66 |
| Total cash and cash equivalents and restricted cash | $17,633 | $22,472 | $48,888 |
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