PepGen Inc.
For the period ended Sep 30, 2026. Filed Nov 10, 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 10, 2026
PEPG$4.61+92.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OFCASH FLOWS
(IN THOUSANDS)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(54,966) | $(71,315) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Depreciation | 812 | 1,061 |
| Stock-based compensation expense | 9,133 | 8,172 |
| Amortization and interest accretion related to operating lease | 2,811 | 2,811 |
| Amortization of premiums and accretion of discounts on marketable securities, net | (2,593) | (1,441) |
| Impairment of long-lived assets | — | 701 |
| Changes in operating assets and liabilities: | ||
| Prepaids and other current and non-current assets | 114 | 1,028 |
| Accounts payable | 1,104 | (971) |
| Accrued expenses and other non-current liabilities | (1,440) | (3,523) |
| Operating lease liabilities, current and non-current | (2,382) | (2,313) |
| Net cash used in operating activities | $(47,407) | $(65,790) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (30) | (265) |
| Purchases of marketable securities | (100,487) | (6,726) |
| Maturities of marketable securities | 108,000 | 58,000 |
| Net cash provided by investing activities | 7,483 | 51,009 |
| Cash flows from financing activities: | ||
| Issuance of common stock from At-the-Market Sales Agreement, net of underwriters' fees | 1,511 | — |
| Issuance of common stock in public offering, net of underwriters' fees | — | 108,100 |
| Payment of offering costs | (265) | (75) |
| Proceeds from employee equity plans | 121 | 125 |
| Net cash provided by financing activities | $1,367 | $108,150 |
| Effect of exchange rate changes on cash | — | (15) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | $(38,557) | $93,354 |
| Cash, cash equivalents and restricted cash at beginning of period | 62,062 | 50,969 |
| Cash, cash equivalents and restricted cash at end of period | $23,505 | $144,323 |
| Components of cash, cash equivalents and restricted cash | ||
| Cash and cash equivalents | $21,957 | $142,775 |
| Restricted cash | 1,548 | 1,548 |
| Total cash, cash equivalents and restricted cash at end of period | $23,505 | $144,323 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for taxes | $49 | $86 |
| Deferred offering costs in accounts payable and accrued expenses | — | 386 |
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