Definium Therapeutics, Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 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.
Jun 30, 2026 · Filed Aug 6, 2026
DFTX$34.64-2.1%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
| Six Months Ended June 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Cash flows from operating activities | ||
| Net loss | $(236,084) | $(66,092) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 16,771 | 8,679 |
| Change in fair value on directors' deferred share units ("DDSU") | 6,243 | 152 |
| Change in fair value of the 2022 USD Financing Warrants | 106,277 | (4,771) |
| Accretion of discount on investments, net | (773) | (2,422) |
| Unrealized foreign exchange | (11) | 1 |
| Other non-cash adjustments | 436 | (193) |
| Changes in operating assets and liabilities: | ||
| Prepaid and other current assets | 321 | 1,736 |
| Other noncurrent assets | (15) | 2 |
| Accounts payable | 1,618 | 2,206 |
| Accrued expenses | 9,847 | 1,679 |
| Other liabilities, long-term | (39) | 5 |
| Net cash used in operating activities | (95,409) | (59,018) |
| Cash flows from investing activities | ||
| Purchases of investments | (355,738) | (235,746) |
| Maturity of investments | 81,000 | 33,750 |
| Net cash used in investing activities | (274,738) | (201,996) |
| Cash flows from financing activities | ||
| Proceeds from equity offerings | 805,000 | — |
| Payment of equity offering costs | (46,418) | — |
| Proceeds from credit facility | — | 42,000 |
| Repayment of credit facility | — | (22,000) |
| Payment of credit facility issuance costs | — | (447) |
| Proceeds from exercise of pre-funded warrants | 9 | — |
| Proceeds from exercise of 2022 USD Financing Warrants | 6,652 | 579 |
| Proceeds from exercise of options | 2,056 | 334 |
| Proceeds from issuance of common shares under ESPP | 276 | 186 |
| Net cash provided by financing activities | 767,575 | 20,652 |
| Effect of exchange rate changes on cash | 2 | 13 |
| Net increase/(decrease) in cash and cash equivalents | 397,430 | (240,349) |
| Cash and cash equivalents, beginning of period | 257,837 | 273,741 |
| Cash and cash equivalents, end of period | $655,267 | $33,392 |
| Supplemental Cash Flow Information | ||
| Cash paid for interest and final payment for credit facility | $2,122 | $3,187 |
| Supplemental Noncash Disclosures | ||
| Conversion of 2022 USD Financing Warrants to common shares upon exercise of warrants | 34,165 | 295 |
| Issuance of common shares upon conversion of term loan principal | 4,500 | — |
| Equity offering costs in prepaids and other current assets, net | 148 | — |
| Lease liabilities arising from obtaining right-of-use assets | 135 | 586 |
| Amortization of deferred financing costs | 82 | — |
| Proceeds from exercise of 2022 USD Financing Warrants in prepaid and other current assets | 28 | — |
| Withholding taxes payable on option exercises | — | 17 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.