MBX Biosciences, Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 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.
Jun 30, 2025 · Filed Aug 7, 2025
MBX$56.33+4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
(Unaudited - in thousands)
| Six months endedJune 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(43,291) | $(28,194) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 3,776 | 2,542 |
| Non cash operating lease expense | 69 | 52 |
| Accretion and amortization of marketable securities, net | (2,322) | (944) |
| Depreciation expense | 138 | 111 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 853 | (750) |
| Accounts payable | 447 | 1,053 |
| Accrued expenses | 305 | 2,225 |
| Operating lease right-of-use asset | (566) | — |
| Operating lease liability | 479 | (75) |
| Net cash used in operating activities | (40,112) | (23,980) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (737) | (725) |
| Purchases of marketable securities | (106,323) | (24,237) |
| Maturities of marketable securities | 130,272 | 32,500 |
| Call redemptions of marketable securities | 6,000 | — |
| Net cash provided by investing activities | 29,212 | 7,538 |
| Cash flows from financing activities: | ||
| Proceeds from exercise of common stock options | 1,330 | 239 |
| Payments related to offering costs | — | (1,817) |
| Net cash provided by (used in) financing activities | 1,330 | (1,578) |
| Net decrease in cash and cash equivalents | (9,570) | (18,020) |
| Cash and cash equivalents, beginning of period | 49,351 | 30,523 |
| Cash and cash equivalents, end of period | $39,781 | $12,503 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Vesting of early exercised stock options | $27 | $174 |
| Property and equipment in accounts payable and accrued liabilities | 7 | 70 |
| Tenant allowance leasehold improvement included in operating lease right-of-use asset | 65 | — |
| Deferred initial public offering costs included in accounts payable and accrued expenses | — | 934 |
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