Xilio Therapeutics, Inc.
For the period ended Sep 30, 2026. Filed Nov 10, 2026.
View on SEC.govAbout this filing
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
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3. Fair Value Measurements
Liabilities measured at fair value on a recurring basis consist of the following as of September 30, 2026:
| Quoted | ||||||||
|---|---|---|---|---|---|---|---|---|
| Prices in | ||||||||
| Active · Significant | ||||||||
| Markets for · Other · Significant | ||||||||
| Identical · Observable · Unobservable | ||||||||
| Assets · Inputs · Inputs | ||||||||
| Level 1 · Level 2 · Level 3 · Total | ||||||||
| Financial liabilities: | ||||||||
| Series A warrants | $ | — | $ | — | $ | 21,820 | $ | 21,820 |
| Series C warrants | — | — | 3,560 | 3,560 | ||||
| Total financial liabilities at September 30, 2026 | $ | — | $ | — | $ | 25,380 | $ | 25,380 |
Liabilities measured at fair value on a recurring basis consist of the following as of December 31, 2025:
| Quoted | ||||||||
|---|---|---|---|---|---|---|---|---|
| Prices in | ||||||||
| Active · Significant | ||||||||
| Markets for · Other · Significant | ||||||||
| Identical · Observable · Unobservable | ||||||||
| Assets · Inputs · Inputs | ||||||||
| Level 1 · Level 2 · Level 3 · Total | ||||||||
| Financial liabilities: | ||||||||
| Series A warrants | $ | — | $ | — | $ | 23,100 | $ | 23,100 |
| Series C warrants | — | — | 6,460 | 6,460 | ||||
| Total financial liabilities at December 31, 2025 | $ | — | $ | — | $ | 29,560 | $ | 29,560 |
See Note 8 to these condensed consolidated financial statements for more information on the Series A warrants and Series C warrants. The fair value of the common stock warrant liabilities is calculated utilizing a Black-Scholes option pricing model for the Series A warrants and a Monte Carlo simulation model for the Series C warrants. The Black-Scholes option pricing model and the Monte Carlo simulation model both require the use of assumptions, certain of which are not observable in the market, which represent Level 3 measurements within the fair value hierarchy. The Black-Scholes pricing model and the Monte Carlo simulation model assumptions include the warrant exercise price, the expected term of the warrant, the current price of the Company’s common stock, expected volatility, the risk-free interest rate for the expected term of the warrant and expected dividend yield. The Monte Carlo simulation assumptions also include the potential impacts of the warrant strike price reset feature in the Series C warrants.
The following assumptions were used in determining the fair value of the Company’s common stock warrant liabilities as of September 30, 2026 and December 31, 2025:
| September 30, · December 31, | |||||||
|---|---|---|---|---|---|---|---|
| 2026 · 2025 | |||||||
| Closing price of common stock | $ | 9.05 | $ | 8.96 | |||
| Warrant exercise price | $ | 10.50 | $ | 10.50 | |||
| Expected volatility | 70 | % | 70 | % | |||
| Risk free interest rate | 4.91 | % | 3.62 | % | |||
| Expected dividend yield | — | — | |||||
| Expected term (in years) | 0.17 - 3.68 | 0.92 - 4.43 | |||||
The following table summarizes the changes in the fair market value of the Company’s common stock warrant liabilities, which are classified within the Level 3 fair value hierarchy:
| financial | ||||||
|---|---|---|---|---|---|---|
| Series A · Series C · liabilities | ||||||
| Balance at December 31, 2025 | $ | 23,100 | $ | 6,460 | $ | 29,560 |
| Change in fair value of common stock warrant liabilities | (1,280) | (2,900) | (4,180) | |||
| Balance at September 30, 2026 | $ | 21,820 | $ | 3,560 | $ | 25,380 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.