Alector, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 7, 2026
ALEC$2.53+2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(In thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(22,930) | $(40,471) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1,081 | 984 |
| Stock-based compensation | 2,908 | 8,351 |
| Amortization of premiums and accretion of discounts on marketable securities | (667) | (2,027) |
| Amortization of right-of-use assets | 1,003 | 864 |
| Amortization of debt discount and debt issuance costs | 78 | 69 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 1,859 | (679) |
| Other assets | 17 | 26 |
| Accounts payable | (268) | 111 |
| Accrued liabilities and accrued clinical supply costs | (11,023) | (12,722) |
| Payable to collaboration partner | (7,060) | 3,131 |
| Deferred revenue | (1,046) | (3,674) |
| Refund liability to collaboration partner | (12,035) | (13,339) |
| Lease liabilities | (1,763) | (1,567) |
| Other long-term liabilities | 33 | 160 |
| Net cash used in operating activities | (49,813) | (60,783) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (118) | (20) |
| Purchase of marketable securities | (51,805) | (55,794) |
| Maturities of marketable securities | 112,871 | 121,549 |
| Net cash provided by investing activities | 60,948 | 65,735 |
| Cash flows from financing activities: | ||
| Proceeds from the exercise of options to purchase common stock | 25 | — |
| Net cash provided by financing activities | 25 | — |
| Net increase in cash, cash equivalents, and restricted cash | 11,160 | 4,952 |
| Cash, cash equivalents, and restricted cash at beginning of period | 67,648 | 34,867 |
| Cash, cash equivalents, and restricted cash at end of period | $78,808 | $39,819 |
| Supplemental Disclosures: | ||
| Property and equipment purchases included in accounts payable and accrued liabilities | $30 | $— |
| Cash paid for interest | $201 | $214 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.