Viking Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Feb 11, 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 Feb 11, 2026
VKTX$28.66-1.1%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 | 2023 | |
| Cash flows from operating activities | |||
| Net loss | $(359,639) | $(109,963) | $(85,895) |
| Adjustments to reconcile net loss to net cash used in operating activities | |||
| (Accretion) amortization of investment premiums | (9,284) | (17,267) | (8,202) |
| Amortization of financing costs | 56 | 94 | 88 |
| Stock-based compensation | 40,818 | 29,712 | 16,750 |
| Amortization of right-of-use assets | 431 | 346 | 292 |
| Realized gain on investment | (55) | (112) | — |
| Interest expense related to operating lease liability | 10 | 38 | 43 |
| Changes in operating assets and liabilities: | |||
| Prepaid expenses and other current assets | (5,199) | 446 | 6,408 |
| Accrued interest, net of interest receivable on maturity of investments | 5,076 | 1,199 | 321 |
| Accounts payable | 43,438 | 2,303 | (1,018) |
| Accrued expenses | 6,168 | 5,816 | (1,816) |
| Lease liability | (505) | (402) | (347) |
| Net cash used in operating activities | (278,685) | (87,790) | (73,376) |
| Cash flows from investing activities | |||
| Purchases of investments | (418,037) | (1,113,368) | (478,303) |
| Proceeds from sales and maturities of investments | 759,425 | 560,002 | 299,217 |
| Net cash (used in) provided by investing activities | 341,388 | (553,366) | (179,086) |
| Cash flows from financing activities | |||
| Public offering, net of offering costs | — | 597,094 | 269,760 |
| Value of shares withheld related to employee tax withholding | — | (42,101) | (7,121) |
| Proceeds from warrant and option exercises and stock issuances under employee stock purchase plan | 2,491 | 10,813 | 6,768 |
| ATM offering, net of fees | 73,948 | 46,658 | 1,969 |
| Net cash provided by financing activities | 76,439 | 612,464 | 271,376 |
| Net (decrease) increase in cash and cash equivalents | 139,142 | (28,692) | 18,914 |
| Cash and cash equivalents beginning of period | 26,676 | 55,516 | 36,632 |
| Effect of exchange rate changes on cash | (8) | (148) | (30) |
| Cash and cash equivalents end of period | $165,810 | $26,676 | $55,516 |
| Supplemental disclosure of non-cash investing and financing transactions | |||
| Unpaid deferred public offering and other financing costs | $50 | $50 | $50 |
| Right-of-use asset obtained in exchange for lease obligation | $— | $223 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.