Korro Bio, Inc.
For the period ended Jun 30, 2025. Filed Aug 12, 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 12, 2025
KRRO$15.73+5.1%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
(amounts in thousands)
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating Activities: | ||
| Net loss | $(49,157) | $(41,383) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Non-cash lease expense | 326 | 2,313 |
| Stock-based compensation expense | 3,759 | 1,832 |
| Depreciation expense | 2,452 | 1,447 |
| Net amortization of premiums and discounts on marketable securities | (420) | (171) |
| Loss on disposal of property and equipment | 81 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 607 | — |
| Prepaid expenses and other current assets | (445) | (1,392) |
| Accounts payable | 1,194 | (507) |
| Accrued expenses and other current liabilities | (508) | (4,049) |
| Deferred revenue | (997) | — |
| Operating lease liabilities | (133) | 5,254 |
| Other non-current assets | (439) | 172 |
| Net cash used in operating activities | (43,680) | (36,484) |
| Investing Activities: | ||
| Purchases of marketable securities | (11,161) | (96,432) |
| Proceeds from maturities of marketable securities | 32,901 | — |
| Purchases of property and equipment | (259) | (11,572) |
| Net cash provided by (used in) investing activities | 21,481 | (108,004) |
| Financing Activities: | ||
| Proceeds from PIPE financing, net of issuance costs | — | 67,384 |
| Proceeds from exercises of stock options | 177 | 311 |
| Net cash provided by financing activities | 177 | 67,695 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (9) | — |
| Net decrease in cash, cash equivalents and restricted cash | (22,031) | (76,793) |
| Cash, cash equivalents and restricted cash, beginning of period | 59,049 | 173,119 |
| Cash, cash equivalents and restricted cash, end of period | $37,018 | $96,326 |
| Non-cash investing and financing activities: | ||
| Purchases of property and equipment in accounts payable and accrued expenses | $7 | $914 |
| Financing costs in accounts payable and accrued expenses | $— | $48 |
| Supplemental cash flow information: | ||
| Cash paid for income taxes | $1 | $47 |
| Cash paid for operating lease liabilities | $2,761 | $1,624 |
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