Acrivon Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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FY2025 · Filed Mar 19, 2026
ACRV$1.57-0.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(77,905) | $(80,556) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 1,356 | 1,006 |
| Stock-based compensation expense | 14,720 | 14,288 |
| Non-cash operating lease expense | 1,027 | 932 |
| Net amortization of premiums and accretion of discounts on investments | (437) | (3,777) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 190 | 237 |
| Accounts payable | 1,536 | (3,586) |
| Accrued expenses and other liabilities | (3,353) | 8,021 |
| Operating lease liabilities | (936) | (1,055) |
| Other assets | 137 | (1,179) |
| Net cash used in operating activities | (63,665) | (65,669) |
| Cash flows from investing activities: | ||
| Purchases of investments | (81,731) | (202,926) |
| Proceeds from maturities of investments | 149,500 | 153,923 |
| Purchases of property and equipment | (1,669) | (2,768) |
| Net cash provided by (used in) investing activities | 66,100 | (51,771) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock in private placement | — | 69,997 |
| Proceeds from issuance of pre-funded warrants in private placement | — | 60,003 |
| Proceeds from exercise of stock options | 1 | 90 |
| Payments of offering costs | — | (6,543) |
| Payments of tax withholdings related to vesting of restricted stock units | (750) | (2,520) |
| Net cash (used in) provided by financing activities | (749) | 121,027 |
| Net increase in cash, cash equivalents, and restricted cash | 1,686 | 3,587 |
| Cash, cash equivalents and restricted cash at beginning of period | 40,016 | 36,429 |
| Cash, cash equivalents and restricted cash at end of period | $41,702 | $40,016 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Deferred offering costs in accrued expenses and other current liabilities | $143 | $— |
| Purchases of property and equipment included in accounts payable | $— | $17 |
| Right-of-use assets obtained in exchange for operating lease liability | $— | $56 |
| Reconciliation of cash, cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $41,499 | $39,818 |
| Restricted cash | 203 | 198 |
| Total cash, cash equivalents, and restricted cash | $41,702 | $40,016 |
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