Personalis, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
PSNL$15.88-0.4%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
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(81,270) | $(81,284) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Stock-based compensation expense | 9,429 | 10,686 |
| Depreciation and amortization | 10,046 | 10,941 |
| Noncash operating lease cost | 1,335 | 1,399 |
| Noncash gain related to liability classified Tempus Warrants | - | 18,274 |
| Amortization of discount on short-term investments | (3,991) | (2,667) |
| Other | (302) | 93 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | (8,063) | 9,590 |
| Inventories and other deferred costs | (204) | 4,425 |
| Prepaid expenses and other assets | (2,224) | 1,139 |
| Accounts payable (1) | 4,550 | (8,924) |
| Accrued and other current liabilities (1) | 2,306 | (2,401) |
| Contract liabilities | (1,538) | (4,116) |
| Operating lease liabilities | (3,820) | (3,505) |
| Other long-term liabilities (1) | (1,200) | 1,200 |
| Net cash used in operating activities | (74,946) | (45,150) |
| Cash flows from investing activities: | ||
| Purchases of available-for-sale debt securities | (210,174) | (121,708) |
| Proceeds from maturities of available-for-sale debt securities | 192,110 | 88,000 |
| Purchases of property and equipment | (4,504) | (1,603) |
| Proceeds from sales of property and equipment | - | 242 |
| Net cash used in investing activities | (22,568) | (35,069) |
| Cash flows from financing activities: | ||
| Proceeds from sales of common stock under ATM facility, net of commissions | 126,797 | 30,079 |
| Proceeds from exercise of Tempus Warrants | - | 18,438 |
| Proceeds from sale of common stock under Tempus Investment Agreement | - | 17,745 |
| Proceeds from sale of common stock under Merck Investment Agreement | - | 50,000 |
| Payment of costs related to Tempus and Merck Investment Agreements | (189) | (1,230) |
| Proceeds from loans | 2,587 | — |
| Repayments of loans | (2,002) | (1,130) |
| Proceeds from issuance of common stock under equity incentive plans | 3,145 | 770 |
| Net cash provided by financing activities | 130,338 | 114,672 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | 6 | (22) |
| Net change in cash, cash equivalents and restricted cash | 32,830 | 34,431 |
| Cash, cash equivalents and restricted cash, beginning of period | 93,205 | 58,774 |
| Cash, cash equivalents and restricted cash, end of period | $126,035 | $93,205 |
| Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets: | ||
| Cash and cash equivalents | $124,245 | $91,415 |
| Restricted cash, included in other long-term assets | 1,790 | 1,790 |
| Total cash, cash equivalents and restricted cash | $126,035 | $93,205 |
| Supplemental cash flow information: | ||
| Cash paid for income taxes, net of refunds | $23 | $38 |
| Acquisition of property and equipment included in accounts payable and accrued liabilities | 2,547 | 473 |
| Finance lease assets obtained in exchange for finance lease liabilities | 3,153 | - |
(1)Includes a change in related party liabilities of $2.8 million for the year ended December 31, 2025.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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