Definium Therapeutics, Inc.
For the period ended Mar 31, 2025. Filed May 8, 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 8, 2025
DFTX$34.64-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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 | $(23,348) | $(54,400) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 3,426 | 3,689 |
| Change in fair value on directors' deferred share units ("DDSU") | (18) | 781 |
| Amortization of intangible assets | — | 527 |
| Change in fair value of the 2022 USD Financing Warrants | (6,999) | 32,893 |
| Unrealized foreign exchange | — | 514 |
| Other non-cash adjustments | (19) | 75 |
| Changes in operating assets and liabilities: | ||
| Prepaid and other current assets | (1,380) | 468 |
| Other noncurrent assets | (10) | 66 |
| Accounts payable | 258 | 1,509 |
| Accrued expenses | (1,329) | (2,703) |
| Other liabilities, long-term | — | (17) |
| Net cash used in operating activities | (29,419) | (16,598) |
| Cash flows from investing activities | ||
| Purchases of investments | (162,458) | — |
| Net cash used in investing activities | (162,458) | — |
| Cash flows from financing activities | ||
| Proceeds from the Offering and Private Placement | — | 175,000 |
| Payment of issuance costs from the Offering and Private Placement | — | (8,720) |
| Payment of credit facility issuance costs | — | (128) |
| Proceeds from the at-the-market offering program, net of issuance costs | — | 984 |
| Proceeds from exercise of warrants | 579 | 1,700 |
| Proceeds from exercise of options | 237 | 465 |
| Proceeds from issuance of common shares under ESPP | 186 | — |
| Withholding taxes paid on vested RSUs | — | (54) |
| Net cash provided by financing activities | 1,002 | 169,247 |
| Effect of exchange rate changes on cash | (12) | (21) |
| Net (decrease)/increase in cash and cash equivalents | (190,887) | 152,628 |
| Cash and cash equivalents, beginning of period | 273,741 | 99,704 |
| Cash and cash equivalents, end of period | $82,854 | $252,332 |
| Supplemental Cash Flow Information | ||
| Cash paid for interest | $602 | $434 |
| Supplemental Noncash Disclosures | ||
| Conversion of 2022 USD Financing Warrants to common shares upon exercise of warrants | $295 | $1,669 |
| Unpaid issuance costs for the Offering and Private Placement | $— | $2,340 |
| Proceeds from exercise of options in prepaid and other current assets | $— | $65 |
| Reclass of deferred financing fees to additional paid-in capital | $— | $332 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.