Kyverna Therapeutics, Inc.
For the period ended Sep 30, 2025. Filed Nov 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.
Sep 30, 2025 · Filed Nov 12, 2025
KYTX$5.08-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(123,503) | $(89,988) |
| Adjustments to reconcile net loss to net cash used in operations: | ||
| Stock-based compensation | 7,378 | 6,975 |
| Accretion of discounts on available-for-sale marketable securities | (5,520) | (5,428) |
| Depreciation and amortization expense | 1,431 | 1,570 |
| Impairment of capitalized software | 648 | — |
| Loss on disposal of property and equipment | 40 | — |
| Non-cash lease expense | 2,151 | 1,859 |
| Changes in assets and liabilities: | ||
| Prepaid expense and other current assets | 835 | (666) |
| Other non-current assets | (1,463) | (995) |
| Accounts payable | (1,608) | 6,034 |
| Accrued compensation | 2,077 | 1,628 |
| Other accrued expenses and current liabilities | (156) | 3,278 |
| Other non-current liability | — | 296 |
| Operating lease liability | (2,495) | (1,752) |
| Net cash used in operating activities | (120,185) | (77,189) |
| Cash flows from investing activities | ||
| Purchases of available-for-sale marketable securities | (248,672) | (362,751) |
| Proceeds from maturities of available-for-sale marketable securities | 306,500 | 174,300 |
| Internal-use software development costs capitalized in other non-current assets | (590) | — |
| Proceeds from sale of property and equipment | 70 | — |
| Purchases of property and equipment | (6) | (1,673) |
| Net cash provided by (used in) investing activities | 57,302 | (190,124) |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock upon initial public offering, net of underwriting commissions | — | 341,171 |
| Proceeds from exercise of common stock options | 1,654 | 227 |
| Principal paid on finance lease liabilities | (723) | (709) |
| Payments for offering costs | (412) | (3,361) |
| Taxes paid related to net share settlement upon vesting of restricted stock units | (94) | — |
| Net cash provided by financing activities | 425 | 337,328 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (62,458) | 70,015 |
| Cash, cash equivalents and restricted cash, at beginning of period | 97,173 | 35,212 |
| Cash, cash equivalents and restricted cash, at end of period | $34,715 | $105,227 |
| Reconciliation of cash, cash equivalents and restricted cash to statement of financial position | ||
| Cash and cash equivalents | 34,164 | 104,663 |
| Restricted cash | 551 | 564 |
| Cash, cash equivalents and restricted cash at end of period | $34,715 | $105,227 |
| Supplemental disclosure for non-cash investing and financing activities | ||
| Conversion of 114,556,997 shares of redeemable convertible preferred stock to common stock upon the closing of initial public offering | $— | $180,574 |
| Unpaid offering costs included in other accrued expenses and current liabilities | $57 | $— |
| Purchases of property and equipment in accounts payable | $— | $10 |
| Vesting of restricted stock | $— | $6 |
| Right-of-use asset obtained in exchange for operating and finance lease liability | $— | $2,518 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $45 | $115 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.