Nuburu, Inc.
For the period ended Mar 31, 2026. Filed May 20, 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 20, 2026
BURU$0.20-8.4%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
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(459,898) | $(16,611,425) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 112,175 | 446,449 |
| Stock-based compensation | 202,561 | 497,164 |
| Provision for credit losses | 12,245 | — |
| Net change in employee benefit liability | 6,610 | — |
| Amortization of deferred financing costs | — | 28,433 |
| Deferred income tax expense (benefit) | — | |
| Interest expense recognized on preferred obligation related to Orbit Transaction (related party) | 67,737 | — |
| Change in fair value of warrant liabilities | (11,396,260) | (127,300) |
| Loss on issuance of warrants and related costs | 8,206,193 | — |
| Change in fair value of debt | (8,279,246) | (256,522) |
| Loss on issuance of debt | 11,661,274 | 707,800 |
| Gain on initial recognition of Tekne Investment | (84,000) | — |
| Change in fair value of investments | 36,285 | — |
| Gain on issuance of SYME Bonds (related party) | (49,514) | — |
| Change in fair value of SYME Bonds (related party) | 33,038 | — |
| Change in fair value of contingent consideration (including $304,381 and nil with related parties, respectively) | (300,364) | — |
| Change in fair value of derivative liability (including $4,909,820 and nil with related parties, respectively) | (4,909,820) | (37,900) |
| Change in fair value of convertible notes receivable (including $219,000 and nil with related parties, respectively) | (1,073,803) | — |
| Remeasurement of subscription for Orbit shares (related party) | (1,189,837) | — |
| Remeasurement of Orbit equity method investment (related party) | 59,408 | — |
| Change in fair value of SEPA liability | (228,935) | — |
| Loss on extinguishment of debt (including nil and $27,139 with related parties, respectively) | — | 5,497,516 |
| Gain on sale of intellectual property intangible assets | — | (8,961,872) |
| Loss on impairment of inventories, property and equipment and operating lease right-of-use asset | — | 6,064,823 |
| Interest expense recognized on remeasurement of preferred stock liability | — | 10,398,050 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 293,562 | — |
| Inventories | (46,470) | — |
| Prepaid expenses and other current assets | (169,049) | (42,171) |
| Accounts payable | (510,181) | (94,398) |
| Accrued expenses | (1,086,890) | 681,210 |
| Operating lease liability | — | (117,649) |
| Other liabilities | (12,770) | — |
| Net cash used in operating activities | (9,105,949) | (1,927,792) |
| Cash Flows from Investing Activities: | ||
| Cash paid for acquisition of controlling financial interest in Orbit, net of cash acquired | (540,915) | — |
| Cash paid for Lyocon Acquisition, net of cash acquired | (749,905) | — |
| Payments for acquisitions and investments (related party) | — | (600,000) |
| Payments under convertible notes receivable (related party) | (18,075,510) | (150,000) |
| Net cash used in investing activities | (19,366,330) | (750,000) |
| Cash Flows from Financing Activities: | ||
| Proceeds from debt borrowings | — | 2,394,708 |
| Repayments of debt | (1,712,314) | (835,316) |
| Proceeds received from the February 2026 Offering | 11,994,929 | — |
| Proceeds received from the SEPA | 2,172,771 | — |
| Payments of debt and equity issuance costs | (1,137,116) | (20,000) |
| Proceeds received from settlement | — | 1,000,000 |
|---|---|---|
| Proceeds from exercise of warrants | 764,018 | — |
| Net cash provided by financing activities | 12,082,288 | 2,539,392 |
| Effect of exchange rate changes on cash | (4,183) | — |
| NET CHANGE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH DURING THE PERIOD | (16,394,174) | (138,400) |
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH ―BEGINNING OF PERIOD | 25,536,425 | 209,337 |
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH ―END OF PERIOD | $9,142,251 | $70,937 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for interest | $567,624 | $— |
| Cash paid for income taxes | $39,330 | $— |
| SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Reclassification of warrant liability to equity upon exercise of warrants | $2,302,765 | $934 |
| Extinguishment of Preferred Stock through issuance of warrants | $8,449,380 | $— |
| Deemed dividend in connection with extinguishment of preferred stock through issuance of warrants | $474,058 | $936 |
| Fair value of warrants issued as equity issuance costs | $185,018 | $— |
| Issuance of Common Stock in connection with the SEPA | $2,150,836 | $— |
| Issuance of Common Stock upon extinguishment or conversion of debt | $403,313 | $4,390,251 |
| SYME Inventory Advance applied to SYME Bonds | $5,668,545 | $— |
| Investment in H&K through issuance of convertible note | $11,688,726 | $— |
| Advance to Tekne applied to Tekne Convertible Note Receivable | $1,179,686 | $— |
| Non-cash consideration transferred in Orbit Change of Control (related party) | $14,592,107 | |
| Gain on extinguishment of Orbit Preferred Obligation in excess of derivative liability fair value, recognized as a capital contribution (related party) | $784,807 | $— |
| Non-cash consideration transferred in Lyocon Acquisition | $1,388,558 | $— |
| Issuance of Tekne Subordinated Convertible Note | $928,000 | $— |
| Premium on issuance of Lyocon Convertible Notes | $172,000 | $— |
| Stock-based compensation expense included in accrued expenses | $25,000 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.