Onterris, Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 2026
ONT$23.66+0.3%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
Unaudited Condensed Consolidated Statements of Cash Flows
(In thousands)
| For the Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net income (loss) | $(2,338) | $7,375 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Provision (recovery) for credit loss | (1,231) | 7,038 |
| Depreciation and amortization | 37,932 | 39,015 |
| Non-cash leases expense | 8,590 | 8,894 |
| Stock-based compensation expense | 28,424 | 33,777 |
| Fair value changes in financial instruments | (2,525) | (18,394) |
| Write off of deferred financing costs | — | 913 |
| Deferred income taxes | 76 | (2,266) |
| Other operating activities, net | (1,345) | 948 |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable and contract assets | 16,194 | (28,755) |
| Prepaid expenses and other current assets | (2,684) | (2,823) |
| Income taxes | (2,470) | — |
| Accounts payable and other accrued liabilities | (13,897) | 6,094 |
| Accrued payroll and benefits | (17,505) | 12,051 |
| Change in operating leases | (8,531) | (8,871) |
| Other assets | 423 | 552 |
| Gain on insurance recovery | (3,700) | — |
| Net cash provided by operating activities | $35,413 | $55,548 |
| Investing activities: | ||
| Purchases of property and equipment | (12,203) | (10,934) |
| Proceeds from the sale of property and equipment | 254 | 89 |
| Proprietary software development and other software costs | (2,254) | (1,759) |
| Acquisition of assets | (5,103) | — |
| Proceeds from insurance settlement related to business combination | 3,700 | — |
| Net cash used in investing activities | $(15,606) | $(12,604) |
| Financing activities: | ||
| Proceeds from revolving line of credit | 320,093 | 386,397 |
| Repayment of the revolving line of credit | (276,760) | (305,518) |
| Repayment of aircraft loan | (915) | (853) |
| Proceeds from term loan | — | 200,000 |
| Repayment of term loan | (7,500) | (189,218) |
| Payment of contingent consideration and other purchase price true ups | (10,759) | (5,458) |
| Repayment of finance leases | (8,430) | (8,923) |
| Payments of deferred financing costs | — | (2,189) |
| Proceeds from issuance of common stock for exercised stock options | 3,678 | 405 |
| Proceeds from building sale leaseback | — | 2,500 |
| Dividend payment to the series A-2 stockholders | — | (4,150) |
| Redemption of series A-2 preferred stock | — | (122,235) |
| Repurchases of common stock | (29,987) | — |
| Net cash used in financing activities | $(10,580) | $(49,242) |
| Change in cash, cash equivalents and restricted cash | 9,227 | (6,298) |
| Foreign exchange impact on cash balance | (341) | 99 |
| Cash, cash equivalents and restricted cash: | ||
| Beginning of year | 11,223 | 12,935 |
| End of period | $20,109 | $6,736 |
| For the Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental disclosures of cash flows information: | ||
| Cash paid for interest | $14,680 | $13,240 |
| Cash paid for income taxes, net | $6,460 | $5,379 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Accrued purchases of property and equipment | $365 | $777 |
| Property and equipment purchased under finance leases | $5,545 | $8,020 |
| Acquisitions unpaid contingent consideration | $6,182 | $23,419 |
| Acquisitions contingent consideration paid in common stock | $— | $6,998 |
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