Mind Medicine (MindMed) Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout 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 6, 2025
DFTX$35.39+6.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Shareholders' Equity
| Common Shares | ||||||
|---|---|---|---|---|---|---|
| (in thousands, except share amounts) | Shares | Amount | Additional Paid-In Capital | Accumulated OCI | Accumulated Deficit | Total |
| Balance, December 31, 2024 | 75,100,763 | $— | $639,508 | $819 | $(398,879) | $241,448 |
| Issuance of common shares under employee share purchase plan ("ESPP") | 34,017 | — | 186 | — | — | 186 |
| Issuance of common shares upon settlement of restricted share unit ("RSU") awards | 186,708 | — | — | — | — | — |
| Exercise of 2022 USD Financing Warrants | 136,346 | — | 874 | — | — | 874 |
| Stock-based compensation expense | — | — | 3,426 | — | — | 3,426 |
| Exercise of stock options | 53,541 | — | 237 | — | — | 237 |
| Net loss and comprehensive loss | — | — | — | (17) | (23,348) | (23,365) |
| Balance, March 31, 2025 | 75,511,375 | $— | $644,231 | $802 | $(422,227) | $222,806 |
| Issuance of common shares upon settlement of RSU awards | 229,587 | — | — | — | — | — |
| Stock-based compensation expense | — | — | 5,253 | — | — | 5,253 |
| Exercise of stock options, net of shares withheld for exercise and tax | 62,289 | — | 80 | — | — | 80 |
| Net loss and comprehensive loss | — | — | — | 5 | (42,744) | (42,739) |
| Balance, June 30, 2025 | 75,803,251 | $— | $649,564 | $807 | $(464,971) | $185,400 |
| Issuance of common shares under ESPP | 32,148 | — | $226 | — | — | 226 |
| Issuance of common shares upon settlement of RSU awards | 221,863 | — | — | — | — | — |
| Exercise of 2022 USD Financing Warrants | 450,000 | — | 5,127 | — | — | 5,127 |
| Issuance of common shares upon conversion of loan principal | 249,377 | — | 1,000 | — | — | 1,000 |
| Stock-based compensation expense | — | — | 5,816 | — | — | 5,816 |
| Exercise of stock options, net of shares withheld for exercise and tax | 17,418 | — | 98 | — | — | 98 |
| Net loss and comprehensive loss | — | — | — | 194 | (67,265) | (67,071) |
| Balance, September 30, 2025 | 76,774,057 | $— | $661,831 | $1,001 | $(532,236) | $130,596 |
| Balance, December 31, 2023 | 41,101,303 | $— | $367,991 | $343 | $(290,200) | $78,134 |
| Issuance of common shares, net of share issuance costs | 29,338,553 | — | 164,298 | — | — | 164,298 |
| Issuance of common shares upon settlement of RSU awards, net of shares withheld for tax | 204,968 | — | (54) | — | — | (54) |
| Exercise of 2022 USD Financing Warrants | 400,000 | — | 3,369 | — | — | 3,369 |
| Stock-based compensation expense | — | — | 3,689 | — | — | 3,689 |
| Exercise of stock options | 118,896 | — | 530 | — | — | 530 |
| Net loss and comprehensive loss | — | — | — | 493 | (54,400) | (53,907) |
| Balance, March 31, 2024 | 71,163,720 | $— | $539,823 | $836 | $(344,600) | $196,059 |
| Issuance of common shares upon settlement of RSU awards, net of shares withheld for tax | 239,834 | — | — | — | — | — |
| Exercise of 2022 USD Financing Warrants | 642,523 | — | 6,306 | — | — | 6,306 |
| Stock-based compensation expense | — | — | 5,430 | — | — | 5,430 |
| Exercise of stock options | 28,999 | — | 109 | — | — | 109 |
| Net loss and comprehensive loss | — | — | — | (3) | (5,854) | (5,857) |
| Balance, June 30, 2024 | 72,075,076 | $— | $551,668 | $833 | $(350,454) | $202,047 |
| Issuance of common shares, net of share issuance costs | 9,285,511 | — | 69,969 | — | — | 69,969 |
| Issuance of common shares upon settlement of RSU awards, net of shares withheld for tax | 205,999 | — | — | — | — | — |
| Stock-based compensation expense | — | — | 3,841 | — | — | 3,841 |
| Exercise of stock options, net of shares withheld for tax | 23,905 | — | 32 | — | — | 32 |
| Net loss and comprehensive loss | — | — | — | (12) | (13,684) | (13,696) |
| Balance, September 30, 2024 | 81,590,491 | $— | $625,510 | $821 | $(364,138) | $262,193 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.