Nuburu, Inc.
For the period ended Sep 30, 2025. Filed Nov 14, 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 14, 2025
BURU$0.20-8.4%Stored close · as of Nov 10, 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 Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(51,257,996) | $(22,689,705) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 446,449 | 596,256 |
| Stock-based compensation | 1,002,154 | 1,512,292 |
| Inventory reserve adjustments | — | 28,012 |
| Amortization of debt discount | — | 2,218,506 |
| Amortization of deferred financing costs | 28,433 | 551,431 |
| Debt issuance costs expensed under fair value option | 304,380 | — |
| Operating lease right-of-use asset | — | 285,476 |
| Change in fair value of warrant liabilities | 1,282,284 | (2,156,186) |
| Change in fair value of derivative liability | (37,900) | (141,100) |
| Change in fair value of convertible note receivable (related party) | 1,055,694 | — |
| Change in fair value of notes payable (including $60,512 and nil with related parties, respectively) | 1,211,173 | — |
| Change in fair value of SEPA liability | 906,950 | — |
| Change in fair value of claims settlement liability | (2,584,724) | — |
| Loss on issuance of warrants | 8,756,303 | — |
| Loss on issuance of notes payable | 1,917,562 | — |
| Loss on issuance of SEPA | 2,582,724 | — |
| Loss on extinguishment of accounts payable | 6,513,554 | — |
| Loss on extinguishment of notes payable (including $2,840,115 and $1,491,666 with related parties, respectively) | 10,138,337 | 11,597,803 |
| SEPA fees and issuance costs | 1,103,451 | — |
| Gain on sale of intellectual property intangible assets | (8,961,872) | — |
| Loss on impairment of inventories, property and equipment and operating lease right-of-use asset | 6,064,823 | — |
| Interest expense recognized on remeasurement of preferred stock liability | 10,398,050 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | — | 427,679 |
| Inventories | — | (203,497) |
| Prepaid expenses and other current assets | (1,517,339) | (370,806) |
| Accounts payable | 2,650,424 | 1,138,413 |
| Accrued expenses | 1,149,974 | 1,976,187 |
| Contract liabilities | — | (6,400) |
| Operating lease liability | (237,369) | (264,200) |
| Net cash used in operating activities | (7,084,481) | (5,499,839) |
| Cash Flows from Investing Activities: | ||
| Payment related to TCEI acquisition | (600,000) | — |
| Payment related to SYME Inventory Advance (related party) | (400,000) | — |
| Payments under convertible note receivable | (2,957,394) | — |
| Net cash used in investing activities | (3,957,394) | — |
| Cash Flows from Financing Activities: | ||
| Proceeds from note borrowings | 7,156,708 | 743,000 |
| Repayments of notes payable | (2,674,899) | — |
| Proceeds received from the Offering | 11,994,834 | — |
| Proceeds received from the SEPA | 1,830,853 | |
| Payments of debt and equity issuance costs | (1,658,319) | — |
| Proceeds received from settlement | 1,000,000 | — |
| Restricted stock units withheld for tax withholdings | 44 | (73,088) |
| Proceeds from issuance of Common Stock | — | 200,000 |
| Shareholder advances | — | 644,936 |
| Proceeds from the issuance of pre-funded warrants | — | 2,139,866 |
| Payment of deferred financing costs | — | (71,500) |
| Net cash provided by financing activities | 17,649,221 | 3,583,214 |
| NET CHANGE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH DURING THE PERIOD | 6,607,346 | (1,916,625) |
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH ―BEGINNING OF PERIOD | 209,337 | 2,148,700 |
|---|---|---|
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH ―END OF PERIOD | $6,816,683 | $232,075 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for interest | $541,345 | $— |
| Cash paid for income taxes | $— | $— |
| SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Issuance of Common Stock upon extinguishment or conversion of notes payable | $14,467,344 | $15,184,704 |
| Issuance of Common Stock in connection with the SEPA | $2,853,385 | $— |
| Issuance of Common Stock in connection with Silverback Claims Settlement | $6,540,488 | $— |
| Extinguishment of existing unsecured promissory note and accrued interest through issuance of convertible note | $2,108,523 | $— |
| Extinguishment of Preferred Stock through issuance of convertible notes | $2,000,000 | $— |
| Transaction costs related to the reverse recapitalization not yet paid | $1,007,439 | $1,007,439 |
| Shares issued for services included in prepaid expenses | $692,792 | $— |
| Debt issuance costs included in accounts payable and accrued expenses | $127,000 | $712,363 |
| Issuance of promissory note for replacement of shareholder advance | $545,000 | $— |
| Issuance of AZ Promissory Note for deposit receivable | $900,000 | $— |
| Stock-based compensation expense included in accrued expenses | $75,000 | $— |
| Issuance of Common Stock upon exercise of warrants | $497,295 | $— |
| Deemed dividend in connection with modification of pre-funded warrants | $936 | $— |
| Transfer of property and equipment from inventory | $— | $154,971 |
| Purchase of property and equipment in accounts payable and accrued expenses | $— | $540,028 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.