KESTRA MEDICAL TECHNOLOGIES, LTD.
For the period ended Jul 31, 2026. Filed Sep 14, 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.
Jul 31, 2026 · Filed Sep 14, 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)
| Three Months Ended July 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(44,087) | $(25,826) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 2,664 | 2,028 |
| Loss on disposal of property and equipment | 292 | 280 |
| Reserve for equipment and supplies | 1,464 | 412 |
| (Recovery) provision for uncollectible accounts receivable | (817) | 613 |
| Amortization (accretion) of premiums (discounts) on securities, net | (890) | — |
| Loss on extinguishment of debt | 6,304 | — |
| Amortization of debt discounts and issuance costs | 408 | 469 |
| Share-based compensation expense | 9,517 | 4,579 |
| Non-cash lease expense | 103 | 61 |
| Change in fair value of warrant liabilities | 251 | (2,909) |
| Changes in operating assets and liabilities: | ||
| Disposable medical equipment supplies | (908) | (460) |
| Prepaid expenses and other current assets | 246 | 140 |
| Accounts receivable | (48) | (1,777) |
| Accounts payable | (1,879) | (2,896) |
| Accrued liabilities | (4,727) | (860) |
| Operating lease liabilities | (190) | (138) |
| Other long-term assets | 2 | 10 |
| Net cash used in operating activities | (32,295) | (26,274) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (8,335) | (8,166) |
| Deposits for medical rental equipment | — | (103) |
| Refund of deposits for medical rental equipment | — | 37 |
| Purchase of marketable securities | (13,017) | — |
| Net cash used in investing activities | (21,352) | (8,232) |
| Cash flows from financing activities | ||
| Proceeds from issuance of long-term debt | 75,000 | — |
| Payment of debt issuance costs | (3,193) | — |
| Repayment of long-term debt | (46,395) | — |
| Payment of early termination fee on debt repayment | (3,758) | — |
| Payment of IPO offering costs | — | (1,875) |
| Payment of equity issuance costs | (415) | — |
| Deemed dividend for payments to third party on behalf of shareholder | (172) | — |
| Proceeds from stock option exercises | 1,140 | — |
| Proceeds from employee stock purchase plan | 1,298 | — |
| Tax withholdings on restricted stock unit vesting | (1,010) | — |
| Net cash provided by (used in) financing activities | 22,495 | (1,875) |
| Net decrease in cash, cash equivalents and restricted cash | (31,152) | (36,381) |
| Cash, cash equivalents and restricted cash | ||
| Beginning of period | 100,044 | 237,929 |
| End of period | $68,892 | $201,548 |
| Reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets | ||
| Cash and cash equivalents | $68,558 | $201,214 |
| Restricted cash | 334 | 334 |
| Cash, cash equivalents and restricted cash | $68,892 | $201,548 |
| Non-cash investing and financing activities: | ||
| Purchases of property and equipment in accrued liabilities and accounts payable | $8,854 | $6,900 |
| Debt issuance costs included in accrued liabilities and accounts payable | 548 | — |
| Tax withholdings on restricted stock unit vesting in accrued liabilities | 3,906 | — |
| Supplemental disclosure of cash flow information | ||
| Income taxes paid (refunds received) | $24 | $(39) |
| Interest paid | 1,098 | 1,423 |
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