BridgeBio Oncology Therapeutics, 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
BBOT$2.20-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net loss | $(132,736) | $(95,247) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation of property and equipment | 226 | 196 |
| Stock-based compensation | 15,844 | 2,927 |
| Fair value of common stock issuable to related party | — | 7,769 |
| Change in fair value of participation right liability | — | 725 |
| Net amortization (accretion) of premiums and discounts on marketable securities | 454 | (1,171) |
| Amortization of right-of-use assets | 343 | 220 |
| Other non-cash adjustments, net | 11 | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (7,752) | (4,365) |
| Other non-current assets | (935) | (398) |
| Accounts payable | 8,888 | 577 |
| Accrued compensation and benefits | (479) | 667 |
| Accrued research and development liabilities | 6,730 | 15,831 |
| Accrued professional services | 1,099 | 480 |
| Operating lease liabilities | (386) | 74 |
| Other accrued liabilities | 122 | (7) |
| Balances due to and from related parties | (72) | 62 |
| Net cash used in operating activities | (108,643) | (71,660) |
| Investing activities | ||
| Maturities and sales of marketable securities | 146,874 | 128,976 |
| Purchases of marketable securities | (336,129) | (62,881) |
| Purchases of property and equipment | (84) | (533) |
| Net cash (used in) provided by investing activities | (189,339) | 65,562 |
| Financing activities | ||
| Proceeds from reverse recapitalization and PIPE Financing | — | 373,457 |
| Issuance of Series B redeemable convertible preferred stock, net of issuance costs | — | 22,222 |
| Payment of deferred transaction costs | (121) | (11,691) |
| Exercise of common stock options for cash | 931 | — |
| Repurchase of RSU shares to satisfy tax withholding | (36) | — |
| Net cash provided by financing activities | 774 | 383,988 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (297,208) | 377,890 |
| Cash, cash equivalents, and restricted cash at beginning of period | 373,819 | 30,983 |
| Cash, cash equivalents, and restricted cash at end of period | $76,611 | $408,873 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Settlement of participation right liability upon issuance of Series B redeemable convertible preferred stock | $— | $3,830 |
| Right-of-use asset recognized in exchange for operating lease liabilities | $— | $2,706 |
| Deferred de-SPAC transaction costs included in accrued professional services and other accrued liabilities | $— | $976 |
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