Structure Therapeutics Inc.
For the period ended Sep 30, 2025. Filed Nov 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.
Sep 30, 2025 · Filed Nov 6, 2025
GPCR$21.73+1.5%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)
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| | | | | | | | |
| · · NINE MONTHS ENDED · | |||||||
| · · SEPTEMBER 30, · | |||||||
| · 2025 · 2024 | |||||||
| Cash flows from operating activities | | | | | | | |
| Net loss | | $(174,206) | | $(86,047) | | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | | |
| Share-based compensation expense | | 20,922 | | 12,963 | | ||
| Depreciation expense | | 921 | | 719 | | ||
| Accretion of asset retirement obligation | | | 23 | | | 11 | |
| Non-cash lease expense | | 1,593 | | 1,127 | | ||
| Accretion of net investment discounts | | (12,828) | | (12,440) | | ||
| Changes in operating assets and liabilities: | | | | | | | |
| Prepaid expenses and other current assets | | (7,286) | | (2,080) | | ||
| Other non-current assets | | (1,493) | | (1,777) | | ||
| Accounts payable | | 9,772 | | 3,730 | | ||
| Accrued expenses and other current liabilities | | 6,492 | | 4,693 | | ||
| Operating lease liabilities | | (1,693) | | (1,068) | | ||
| Net cash used in operating activities | | (157,783) | | (80,169) | | ||
| Cash flows from investing activities | | | | ||||
| Purchases of short-term investments | | (453,756) | | (570,267) | | ||
| Proceeds from maturities of short-term investments | | 484,372 | | 179,400 | | ||
| Purchases of property and equipment | | (2,118) | | (1,274) | | ||
| Advance payment received for sale of non-financial asset | | | 5,158 | | | — | |
| Net cash provided by (used in) investing activities | | 33,656 | | (392,141) | | ||
| Cash flows from financing activities | | | | ||||
| Proceeds from ATM Offering, net of sales commission | | | 57,058 | | | — | |
| Proceeds from issuance of ordinary shares in Follow-On Offering, net of underwriting discounts and commissions | | | — | | | 514,573 | |
| Payments of offering costs | | | (770) | | | (1,796) | |
| Proceeds from issuance of ordinary shares under employee share purchase plan | | | 474 | | | 241 | |
| Proceeds from exercise of share options | | 1,385 | | 1,630 | | ||
| Payment of taxes on restricted share units withheld for taxes | | | (618) | | | — | |
| Net cash provided by financing activities | | 57,529 | | 514,648 | | ||
| Net change in cash and cash equivalents | | (66,598) | | 42,338 | | ||
| Cash and cash equivalents | | | | ||||
| Beginning of the period | | 169,510 | | 129,792 | | ||
| End of the period | | $102,912 | | $172,130 | | ||
| Supplemental disclosures of noncash investing and financing activities | | | | ||||
| Offering costs included in accounts payable and accrued expenses and other current liabilities | | $511 | | $100 | | ||
| Operating lease right-of-use assets obtained in exchange for new lease liabilities | | $4,921 | | $— | | ||
| Depository issuance cost offset | | $1,531 | | $— | | ||
| | | | | | | | |
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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