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Dyne Therapeutics, Inc.

For the period ended Sep 30, 2025. Filed Nov 5, 2025.

View on SEC.gov

About this filing

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 5, 2025

DYN$17.92-3.8%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

Condensed Consolidated Statements of Cash Flows (Unaudited)

(in thousands)

Nine Months Ended September 30,
20252024
Cash flows from operating activities:
Net loss$(334,259)$(227,876)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation expense34,62535,387
Depreciation and amortization expense1,5281,223
Non-cash lease expense128434
Non-cash interest expense62—
Accretion of premium on marketable securities(1,447)(2,768)
Loss (gain) on sale of marketable securities(14)(26)
Loss (gain) on disposal of property and equipment95(2)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets3,184(6,442)
Other non-current assets(12,991)—
Accounts payable and other liabilities17,714(7,964)
Net cash used in operating activities(291,375)(208,034)
Cash flows from investing activities:
Purchases of property and equipment(1,436)(1,301)
Advance payment for long-lead equipment(18,790)—
Purchases of marketable securities(153,823)(264,729)
Maturities of marketable securities135,84776,215
Sales of marketable securities8,4691,749
Net cash used in investing activities(29,733)(188,066)
Cash flows from financing activities:
Proceeds from issuance of common stock in public offering, net of issuance costs215,803675,180
Proceeds from issuance of common stock in at-the-market offering, net of issuance costs140,65397,871
Proceeds from exercise of stock options4,63333,208
Proceeds from issuance of long-term debt, net of issuance costs paid98,802—
Payment of debt issuance costs(549)—
Net cash provided by financing activities459,342806,259
Net increase (decrease) in cash, cash equivalents and restricted cash138,234410,159
Cash, cash equivalents and restricted cash, beginning of period437,391123,941
Cash, cash equivalents and restricted cash, end of period$575,625$534,100
Supplemental disclosures of cash flow information:
Purchase of property and equipment in accounts payable$—$48
Cash paid for interest1,824—
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.