TScan Therapeutics Inc
For the period ended Mar 31, 2025. Filed May 6, 2025.
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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, 2025 · Filed May 6, 2025
TCRX$0.19+2.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Cash flows from operating activities: | |||
| Net loss | $(34,127) | $(30,142) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation expense | 678 | 1,254 | |
| Accretion of marketable securities | (1,277) | (453) | |
| Non-cash interest expense related to note payable | 110 | 199 | |
| Stock-based compensation | 3,414 | 1,984 | |
| Changes in current assets and liabilities: | |||
| Prepaid expenses and other assets | (524) | 255 | |
| Right-of-use assets and lease liabilities, net | 1,167 | 214 | |
| Accounts payable | 558 | (410) | |
| Accrued expense and other liabilities | (5,414) | (1,602) | |
| Deferred revenue | (2,171) | (566) | |
| Net cash used in operating activities | (37,586) | (29,267) | |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (1,532) | (705) | |
| Purchases of marketable securities | (60,938) | (8,779) | |
| Maturities of marketable securities | 76,000 | 45,647 | |
| Net cash provided by investing activities | 13,530 | 36,163 | |
| Cash flows from financing activities: | |||
| Proceeds from exercise of stock options | - | 258 | |
| Cash paid for debt issuance costs | (400) | - | |
| Cash paid for financing costs | (125) | - | |
| Net cash provided by (used in) financing activities | (525) | 258 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (24,581) | 7,154 | |
| Cash, cash equivalents, and restricted cash - beginning of period | 183,720 | 138,390 | |
| Cash, cash equivalents, and restricted cash - end of period | $159,139 | $145,544 | |
| Summary of cash, cash equivalents and restricted cash reported within the consolidated balance sheets: | |||
| Cash and cash equivalents | 154,108 | 140,513 | |
| Restricted cash | 5,031 | 5,031 | |
| Total cash, cash equivalents, and restricted cash | $159,139 | $145,544 | |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $569 | $758 | |
| Supplemental disclosure of non-cash investing and financing activities: | |||
| Financing costs not yet paid | $75 | $ | - |
| Purchase of property and equipment in accounts payable and accrued liabilities | 339 | 309 | |
TSCAN THERAPEUTICS, INC.
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