CERUS CORP
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
CERS$1.95-5.8%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Year Ended | |||
|---|---|---|---|
| December 31, | |||
| 2025 | 2024 | 2023 | |
| Operating activities | |||
| Net loss | $(15,637) | $(20,961) | $(37,647) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 1,426 | 1,855 | 2,599 |
| Stock-based compensation | 22,867 | 22,867 | 20,271 |
| Non-cash operating lease cost | 2,532 | 2,482 | 2,308 |
| Net (gain) loss on sale of available-for-sale securities | (6) | 7 | 54 |
| Unrealized gain on investments | (204) | (135) | (170) |
| Loss on disposal of fixed assets | — | 3 | 65 |
| Impairment charges for facilities consolidation | — | — | 1,698 |
| Non-cash interest expense | 398 | 398 | 374 |
| Foreign currency remeasurement loss (gain) | 290 | (388) | (685) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (396) | 5,504 | (1,102) |
| Inventories | (14,682) | 7,030 | (14,947) |
| Prepaid and other assets | (1,627) | (3,025) | (994) |
| Accounts payable | 5,725 | (1,477) | (7,335) |
| Accrued liabilities and other non-current liabilities | 4,275 | (2,198) | (9,070) |
| Deferred revenue | (124) | (603) | 1,413 |
| Net cash provided by (used in) operating activities | 4,837 | 11,359 | (43,168) |
| Investing activities | |||
| Capital expenditures | (3,729) | (2,837) | (4,597) |
| Purchases of investments | (42,777) | (42,975) | (2,486) |
| Proceeds from maturities and sale of investments | 40,341 | 37,682 | 15,707 |
| Net cash (used in) provided by investing activities | (6,165) | (8,130) | 8,624 |
| Financing activities | |||
| Net proceeds from equity incentives | 595 | 804 | 925 |
| Net costs from public offerings | (35) | (137) | (175) |
| Net (payments on) proceeds from revolving line of credit | (329) | (703) | 5,091 |
| Proceeds from loans, net of issuance costs | — | 5,000 | 4,832 |
| Net cash provided by financing activities | 231 | 4,964 | 10,673 |
| Effect of exchange rates on cash, cash equivalents, and restricted cash | 336 | (191) | (128) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (761) | 8,002 | (23,999) |
| Cash, cash equivalents, and restricted cash, beginning of period | 21,361 | 13,359 | 37,358 |
| Cash, cash equivalents, and restricted cash, end of period | $20,600 | $21,361 | $13,359 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $8,521 | $9,295 | $9,210 |
| Cash paid for income taxes | 301 | 356 | 322 |
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