Scholar Rock Holding Corp
For the period ended Dec 31, 2025. Filed Mar 3, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 3, 2026
SRRK$48.00-6.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended | ||||||
| · · December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Cash flows from operating activities: | | | | | | |
| Net loss | | $(377,939) | | $(246,294) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Depreciation and amortization | | 1,658 | | 1,937 | ||
| Amortization of debt discount and debt issuance costs | | | 423 | | | 253 |
| Equity-based compensation | | 75,600 | | 36,628 | ||
| Amortization (accretion) of investment securities | | | (3,989) | | | (5,291) |
| Non-cash operating lease expense | | | 5,262 | | | 5,224 |
| Change in operating assets and liabilities: | | | | | ||
| Prepaid expenses and other current assets | | (3,697) | | (5,770) | ||
| Other assets | | | (286) | | | 1,472 |
| Accounts payable | | 208 | | 6,630 | ||
| Accrued expenses | | 8,499 | | 10,533 | ||
| Operating lease liabilities | | | (5,774) | | | (6,271) |
| Net cash used in operating activities | | (300,035) | | | (200,949) | |
| Cash flows from investing activities: | | | | | ||
| Purchases of property and equipment | | (602) | | | (98) | |
| Purchases of marketable securities | | | (98,009) | | | (293,158) |
| Sales and maturities of marketable securities | | 317,298 | | | 217,200 | |
| Net cash provided by (used in) investing activities | | 218,687 | | (76,056) | ||
| Cash flows from financing activities: | | | | | ||
| Proceeds from stock option exercises | | | 23,811 | | | 19,114 |
| Proceeds from pre-funded and common warrant exercises | | | 63,788 | | | 9,625 |
| Proceeds from sale of common shares and pre-funded warrants to purchase common shares, net | | | 91,660 | | | 324,414 |
| Proceeds from debt facility | | | 49,992 | | | — |
| Debt modification payment | | | — | | | (125) |
| Proceeds from debt refinancing | | | 24,668 | | | — |
| Payment of long-term debt | | | (25,520) | | | — |
| Net cash provided by financing activities | | 228,399 | | 353,028 | ||
| Net increase in cash, cash equivalents and restricted cash | | 147,051 | | 76,023 | ||
| Effect of exchange rate on cash, cash equivalents and restricted cash | | (2) | | — | ||
| Cash, cash equivalents and restricted cash, beginning of period | | 180,285 | | | 104,262 | |
| Cash, cash equivalents and restricted cash, end of period | | $327,334 | | $180,285 | ||
| Supplemental disclosure for non-cash items: | | | | | ||
| Operating lease liability adjustment from rent modification | | $— | | $9,451 | ||
| Offering costs in accrued expenses | | $— | | $314 | ||
| Supplemental cash flow information: | | | | | | |
| Cash paid for interest | | $6,066 | | $6,617 | ||
The accompanying notes are an integral part of these consolidated financial statements**.**
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.