KESTRA MEDICAL TECHNOLOGIES, LTD.
For the period ended Jan 31, 2026. Filed Mar 17, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2026 · Filed Mar 17, 2026
KMTS$29.55-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended January 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(92,777) | $(62,703) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 6,384 | 6,132 |
| Loss on disposal of property and equipment | 727 | 882 |
| Reserve for lost equipment and supplies | 1,600 | 647 |
| Provision for uncollectible accounts receivable | 1,515 | 1,883 |
| Interest paid-in-kind | — | 703 |
| Amortization of debt discounts and issuance costs | 1,406 | 1,031 |
| Share-based compensation expense | 23,340 | 1,958 |
| Non-cash lease expense | 273 | 330 |
| Change in fair value of warrant liabilities | (2,297) | — |
| Changes in operating assets and liabilities: | ||
| Disposable medical equipment supplies | (466) | (2,823) |
| Prepaid expenses and other current assets | 421 | (431) |
| Accounts receivable | (6,143) | (7,814) |
| Accounts payable | (647) | 3,665 |
| Accrued liabilities | 4,192 | 2,730 |
| Operating lease liabilities | (541) | 228 |
| Other long-term assets | 30 | 30 |
| Net cash used in operating activities | (62,983) | (53,552) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (25,228) | (15,547) |
| Deposits for medical rental equipment | (527) | (627) |
| Refund of deposits for medical rental equipment | 184 | 270 |
| Investment in equity security | (5,000) | — |
| Net cash used in investing activities | (30,571) | (15,904) |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock | 149,291 | — |
| Payment of equity issuance costs | (1,986) | (3,293) |
| Deemed dividend for payments to third party on behalf of shareholder | (25) | (1,648) |
| Proceeds from issuance of redeemable preferred stock | — | 103,400 |
| Proceeds from issuance of stock to non-controlling interest | — | 17,100 |
| Net cash provided by financing activities | 147,280 | 115,559 |
| Net increase in cash, cash equivalents and restricted cash | 53,726 | 46,103 |
| Cash, cash equivalents and restricted cash | ||
| Beginning of period | 237,929 | 8,583 |
| End of period | $291,655 | $54,686 |
| Reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheets | ||
| Cash and cash equivalents | $291,321 | $54,352 |
| Restricted cash | 334 | 334 |
| Cash, cash equivalents and restricted cash | $291,655 | $54,686 |
| Non-cash investing and financing activities: | ||
| Purchases of property and equipment in accrued liabilities and accounts payable | $9,272 | $8,621 |
| Exercise of liability classified warrant | 4,055 | — |
| Remeasurement of lease liability | 1,585 | — |
| Equity offering costs incurred but not yet paid | 894 | 2,220 |
| Deemed dividend for payments to third party on behalf of shareholder included in accrued liabilities and accounts payable | 295 | — |
| Supplemental disclosure of cash flow information | ||
| Income taxes paid (refunds received) | $7 | $81 |
| Interest paid | 2,846 | 3,629 |
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