Enliven Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Mar 3, 2026.
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FY2025 · Filed Mar 3, 2026
ELVN$51.20-0.7%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 | |
| Cash flows from operating activities: | ||
| Net loss | $(103,694) | $(89,024) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 263 | 317 |
| Stock-based compensation | 34,019 | 20,174 |
| Non-cash lease expense | 353 | 320 |
| Amortization of premiums and discounts on marketable securities, net | (227) | 424 |
| Change in fair value of contingent value right liability | — | (873) |
| Loss on disposal of property and equipment | 106 | 11 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses, other current and long-term assets | (1,105) | (4,768) |
| Operating lease liabilities | (337) | (335) |
| Accounts payable | 817 | 810 |
| Accrued expenses and other liabilities | (496) | (248) |
| Net cash used in operating activities | (70,301) | (73,192) |
| Cash flows from investing activities: | ||
| Maturities of marketable securities | 272,898 | 313,914 |
| Purchases of marketable securities | (446,794) | (350,740) |
| Receipt of contingent value right milestone | — | 10,000 |
| Payment of contingent value right milestone, net of permitted deductions | — | (9,127) |
| Purchases of property and equipment | (158) | (44) |
| Proceeds from sale of property and equipment | 213 | — |
| Net cash used in investing activities | (173,841) | (35,997) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 2,295 | 3,631 |
| Proceeds from issuance of common stock under the Employee Stock Purchase Plan | 620 | 651 |
| Proceeds from issuance of common stock and pre-funded warrants in the Public Offering, net of issuance costs | 216,169 | — |
| Proceeds from issuance of common stock and pre-funded warrants in the Private Placement, net of issuance costs | — | 89,695 |
| Proceeds from issuance of common stock under the Sales Agreement, net of issuance costs | — | 39,188 |
| Payment of deferred offering costs | (217) | — |
| Net cash provided by financing activities | 218,867 | 133,165 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (25,275) | 23,976 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 124,171 | 100,195 |
| Cash, cash equivalents and restricted cash at the end of the period | $98,896 | $124,171 |
| Components of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $98,896 | $124,117 |
| Restricted cash | — | 54 |
| Total cash, cash equivalents and restricted cash | $98,896 | $124,171 |
| Supplemental disclosure of cash flow information: | ||
| Income taxes paid related to the contingent value right milestone | $— | $232 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $736 | $— |
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