Humacyte, 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
HUMA$0.59+29.6%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 (unaudited)
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(69,959) | $(16,029) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 3,956 | 3,987 |
| Stock-based compensation expense | 8,119 | 7,283 |
| Change in fair value of Contingent Earnout Liability | (5,401) | (49,154) |
| Non-cash interest expense | 677 | 6,655 |
| Change in fair value of derivatives | (9,733) | (18,191) |
| Inventory write-down | 2,295 | — |
| Amortization expense | 1,345 | 1,570 |
| Non-cash operating lease costs | — | 44 |
| Amortization of debt discount | 895 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (370) | (898) |
| Inventory | 5,683 | (18,270) |
| Insurance recovery asset | (9,119) | — |
| Prepaid expenses and other current assets | 663 | 441 |
| Accounts payable | (2,574) | 5,134 |
| Accrued expenses | 1,006 | (1,446) |
| Litigation settlement liability | 9,750 | — |
| Finance lease obligation | 628 | — |
| Operating lease obligation | — | (44) |
| Net cash used in operating activities | (62,139) | (78,918) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (279) | (845) |
| Net cash used in investing activities | (279) | (845) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of stock in public offering, net of underwriting fees | 54,030 | 47,000 |
| Payments of costs related to public offering | (229) | (340) |
| Proceeds from issuance of stock in registered direct offerings, net of placement agent fees | 18,319 | — |
| Payments on revenue interest liability | — | (45) |
| Partial call payment under amended Revenue Interest Purchase Agreement | — | (50,000) |
| Proceeds from issuance of stock under ATM Facility, net of issuance costs | 4,645 | 9,800 |
| Proceeds from the exercise of stock options | 30 | 56 |
| Payments of finance lease principal | (351) | (2,157) |
| Net cash provided by financing activities | 76,444 | 4,314 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 14,026 | (75,449) |
| Cash, cash equivalents and restricted cash at the beginning of the period | 50,850 | 95,290 |
| Cash, cash equivalents and restricted cash at the end of the period | $64,876 | $19,841 |
| Supplemental disclosure of noncash activities: | ||
| Increase in right-of-use assets and lease liabilities resulting from lease remeasurement | $— | $14,965 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.