Annexon, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 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 9, 2026
ANNX$4.21-0.5%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
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net loss | $(150,708) | $(158,434) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1,604 | 1,623 |
| Accretion of discount on available-for-sale securities | (1,479) | (3,581) |
| Non-cash interest expense | 132 | — |
| Stock-based compensation | 14,079 | 13,118 |
| Reduction in the carrying amount of right-of-use assets | 1,303 | 1,118 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (679) | 343 |
| Other non-current assets | 116 | (5,312) |
| Accounts payable | 778 | 7,756 |
| Accrued and other current liabilities | (6,279) | 4,973 |
| Operating lease liabilities | (2,350) | (2,034) |
| Net cash used in operating activities | (143,483) | (140,430) |
| Investing activities: | ||
| Purchases of property and equipment | (137) | (137) |
| Purchases of available-for-sale securities | (126,338) | (147,190) |
| Proceeds from maturities of available-for-sale securities | 93,000 | 363,900 |
| Net cash (used in) provided by investing activities | (33,475) | 216,573 |
| Financing activities: | ||
| Proceeds from the exercise of common stock options | 1,191 | 65 |
| Proceeds from Employee Stock Purchase Plan purchases | 487 | 182 |
| Proceeds from the issuance of common stock | 68,385 | 14,189 |
| Proceeds from the issuance of term loan, net of debt discount | 49,387 | — |
| Payment of financing costs | (2,155) | (660) |
| Net cash provided by financing activities | 117,295 | 13,776 |
| (Decrease) increase in cash, cash equivalents and restricted cash | (59,663) | 89,919 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 1 | 2 |
| Cash, cash equivalents and restricted cash | ||
| Beginning of period | 163,083 | 50,530 |
| End of period | $103,421 | $140,451 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $356 | $— |
| Cash paid for amounts included in the measurement of lease liability | $3,909 | $2,518 |
| Non-cash investing and financing activities: | ||
| Exercise of pre-funded warrants | $28 | $— |
| Debt issuance costs included in accounts payable and accrued liabilities | $179 | $— |
| Deemed dividend on modification of common stock warrants | $— | $1,857 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.