GLAUKOS Corp
For the period ended Dec 31, 2025. Filed Feb 23, 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 23, 2026
GKOS$236.19-1.1%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
| Year ended | |||
|---|---|---|---|
| December 31, | |||
| 2025 | 2024 | 2023 | |
| Operating Activities | |||
| Net loss | $(187,691) | (146,372) | (134,661) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation | 10,965 | 10,949 | 8,742 |
| Amortization of intangible assets | 27,128 | 24,701 | 24,912 |
| Impairment of intangible asset | 112,867 | — | — |
| Amortization of right-of-use lease assets | 4,252 | 4,272 | 4,324 |
| Amortization of debt issuance costs | — | 718 | 1,373 |
| Deferred income tax benefit | (6,487) | (216) | (120) |
| Loss on disposal of fixed assets | 32 | 598 | 893 |
| Stock-based compensation | 63,218 | 50,207 | 43,528 |
| Unrealized foreign currency (gains) losses | (1,216) | 4,620 | (980) |
| Amortization of premium accretion of discount on short-term investments | (2,981) | (4,045) | (1,685) |
| Other liabilities | 1,782 | 5,206 | 3,049 |
| Allowance for doubtful accounts | 7,379 | (91) | (169) |
| Acquired in-process R&D acquired through the issuance of common stock | — | 5,000 | 3,000 |
| Loss on capped call transaction | — | 657 | — |
| Inducement expense related to exchange of convertible senior notes | — | 17,412 | — |
| Inventory write-down | 2,645 | 4,449 | — |
| Provision for excess and obsolete inventory | 1,339 | 662 | 530 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (53,020) | (21,875) | (3,674) |
| Inventory | (7,702) | (19,450) | (5,360) |
| Prepaid expenses and other current assets | (11,296) | 3,334 | (885) |
| Accounts payable and accrued liabilities | 18,824 | 21 | 1,305 |
| Deposits and other assets | 5,173 | (2,075) | (1,880) |
| Net cash used in operating activities | (14,789) | (61,318) | (57,758) |
| Investing activities | |||
| Cash paid for acquisitions, net of cash acquired | (12,437) | — | — |
| Purchase of certain real property | (16,607) | — | — |
| Purchases of property and equipment | (7,666) | (6,300) | (20,248) |
| Purchases of short-term investments | (232,291) | (189,955) | (265,587) |
| Proceeds from sales and maturities of short-term investments | 196,938 | 247,199 | 303,100 |
| Proceeds from disposal of property and equipment | — | 38 | — |
| Investment in company-owned life insurance | (4,800) | (3,151) | (3,170) |
| Other investing activities | (750) | — | — |
| Net cash (used in) provided by investing activities | (77,613) | 47,831 | 14,095 |
| Financing activities | |||
| Proceeds from partial unwinding of capped calls related to issuance of convertible senior notes | — | 53,224 | — |
| Proceeds from exercise of stock options | 13,453 | 39,347 | 12,748 |
| Share purchases under Employee Stock Purchase Plan | 7,686 | 7,416 | 6,278 |
| Payments of employee taxes related to vested restricted stock units | (8,132) | (6,563) | (3,273) |
| Payments related to convertible senior notes | — | (712) | — |
| Payments related to capped call transactions | — | (295) | — |
| Principal paid on finance lease | (1,121) | (877) | (711) |
| Net cash provided by financing activities | 11,886 | 91,540 | 15,042 |
| Effect of exchange rate changes on cash and cash equivalents | 804 | (3,017) | 1,341 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (79,712) | 75,036 | (27,280) |
| Cash, cash equivalents and restricted cash at beginning of period | 174,359 | 99,323 | 126,603 |
| Cash, cash equivalents and restricted cash at end of period | $94,647 | $174,359 | $99,323 |
| Supplemental schedule of noncash investing and financing activities | |||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $2,920 | $909 | $1,333 |
| Contingent consideration acquired | $7,700 | $— | $— |
| Convertible senior notes exchanged for common stock, net of debt issuance costs | $— | $226,676 | $— |
| Issuance of common stock related to conversion of convertible senior notes, net of debt issuance costs | $— | $56,755 | $— |
| Supplemental disclosures of cash flow information | |||
| Taxes paid, net of refunds | $949 | $1,360 | $1,557 |
| Interest paid on convertible senior notes | $— | $4,744 | $7,906 |
| Other interest paid | $4,212 | $4,466 | $4,348 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.