Hyperfine, 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
HYPR$0.68-3.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (unaudited)
(Unaudited)
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(23,902) | $(29,662) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 789 | 809 |
| Stock-based compensation expense | 2,512 | 2,109 |
| Loss on disposal of property and equipment, net | 6 | 120 |
| Change in fair value of warrant liabilities | (704) | 639 |
| Amortization of debt discount and issuance costs | 246 | — |
| Other | 21 | 22 |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | 74 | 1,070 |
| Unbilled receivables | (46) | 926 |
| Inventory | 685 | (221) |
| Prepaid expenses and other current assets | (998) | (802) |
| Other long term assets | 274 | 51 |
| Accounts payable | (2,400) | 2,112 |
| Deferred grant funding | (179) | 438 |
| Deferred revenue | 294 | (105) |
| Due to related parties | (42) | (16) |
| Accrued expenses and other current liabilities | 1,008 | (221) |
| Operating lease liabilities, net | 3 | (10) |
| Net cash used in operating activities | $(22,359) | $(22,741) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (293) | (1,122) |
| Net cash used in investing activities | $(293) | $(1,122) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of debt, net | $13,626 | $— |
| Proceeds from exercise of stock options | 259 | 130 |
| Proceeds from issuance of Class A common stock under “at-the-market” offering program, net | 11,375 | 2,906 |
| Proceeds from issuance of Class A common stock with warrants under February 2025 Offering, net | — | 5,184 |
| Net cash provided by financing activities | $25,260 | $8,220 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 2,608 | (15,643) |
| Cash, cash equivalents and restricted cash, beginning of period | 36,042 | 37,673 |
| Cash, cash equivalents and restricted cash, end of period | $38,650 | $22,030 |
| Reconciliation of cash, cash equivalents, and restricted cash reported in the balance sheets | ||
| Cash and cash equivalents | $37,872 | $21,564 |
| Restricted cash | 778 | 466 |
| Total cash, cash equivalents and restricted cash | $38,650 | $22,030 |
| Supplemental disclosure of noncash information: | ||
| Issuance of warrants in connection with Loan Agreement, net | $495 | $— |
| Initial measurement of warrant liabilities | $— | $2,858 |
| Unpaid purchase of property and equipment | $72 | $5 |
| Noncash acquisition of fixed assets | $27 | $— |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $735 | $— |
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