Lineage Cell Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
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FY2025 · Filed Mar 5, 2026
LCTX$1.04-3.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STAT EMENTS OF CASH FLOWS
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss attributable to Lineage | $(63,533) | $(18,609) |
| Net income (loss) attributable to noncontrolling interest | 166 | 27 |
| Adjustments to reconcile net loss attributable to Lineage Cell Therapeutics, Inc. to net cash used in operating activities: | ||
| Issuance costs for common stock warrant liabilities | 183 | 688 |
| Loss on impairment of intangible asset | 14,840 | — |
| Loss on marketable equity securities, net | 8 | 8 |
| Accretion of income on marketable debt securities | (44) | (229) |
| Depreciation and amortization expense | 699 | 587 |
| Change in right-of-use assets and liabilities | (58) | (42) |
| Amortization of intangible assets | — | 22 |
| Stock-based compensation | 4,752 | 5,077 |
| Change in fair value of warrant liability | 35,727 | (2,128) |
| Deferred income tax benefit | (5,280) | — |
| Foreign currency remeasurement | (2,269) | 273 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (316) | 106 |
| Prepaid expenses and other current assets | 46 | 489 |
| Accounts payable and accrued liabilities | 2,271 | (1,681) |
| Deferred revenue | (6,111) | (7,680) |
| Net cash used in operating activities | (18,919) | (23,092) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from the sale of marketable equity securities | — | 18 |
| Purchases of marketable debt securities | (14,935) | (8,761) |
| Maturities of marketable debt securities | 2,000 | 7,000 |
| Purchase of equipment | (522) | (565) |
| Net cash used in investing activities | (13,457) | (2,308) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from employee options exercised | 1,250 | 229 |
| Proceeds from exercise of warrants | 319 | — |
| Common shares received and retired for employee taxes paid | (16) | (23) |
| Proceeds from sale of common shares under ATM, net of offering costs | 20,908 | 68 |
| Proceeds from sale of common shares under registered direct financing, net of offering costs | — | 13,889 |
| Proceeds from sale of common shares with warrants under registered direct financing, net of offering costs | 5,232 | 21,919 |
| Payment of financed insurance premium | (684) | (171) |
| Payment of finance lease liabilities | (59) | (54) |
| Net cash provided by financing activities | 26,950 | 35,857 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 396 | (95) |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (5,030) | 10,362 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH: | ||
| At beginning of the period | 46,354 | 35,992 |
| At end of the period | $41,324 | $46,354 |
| SUPPLEMENTAL DISCLOSURES: | ||
| Cash paid for interest | $29 | $9 |
| SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING AND INVESTING ACTIVITIES: | ||
| Financing costs in accounts payable and accrued liabilities | $3 | $179 |
| Fair value of warrant liability recognized upon issuance in registered direct financing | $2,205 | $8,289 |
| Derivative warrant liability reclassified to equity on exercise of warrants | $187 | $— |
| Financed insurance premium | $— | $855 |
| Reconciliation of cash, cash equivalents and restricted cash, end of period: | ||
| Cash and cash equivalents | $40,791 | $45,789 |
| Restricted cash included in deposits and other long-term assets (see Note 13 (Commitments and Contingencies)) | 533 | 565 |
| Total cash, cash equivalents, and restricted cash | $41,324 | $46,354 |
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