Jasper Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Mar 30, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 30, 2026
JSPR$14.75-9.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows used in operating activities | ||
| Net loss | $(75,801) | $(71,269) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization expense | 1,056 | 1,373 |
| Impairment of long-lived assets | 1,112 | — |
| Non-cash lease expense | 1,164 | 491 |
| Stock-based compensation expense | 6,713 | 6,619 |
| Change in fair value of warrant liability | (8,528) | — |
| Offering costs recognized in other expense, net | 2,046 | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (1,779) | (2,123) |
| Other non-current assets | 707 | 523 |
| Accounts payable | 2,193 | (122) |
| Accrued expenses and other current liabilities | (4,374) | 2,879 |
| Operating lease liability | (1,670) | (973) |
| Net cash used in operating activities | (77,161) | (62,602) |
| Cash flows provided by (used in) investing activities | ||
| Purchases of property and equipment | (7) | (552) |
| Proceeds from sales of property and equipment | 12 | 20 |
| Net cash provided by (used in) investing activities | 5 | (532) |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock through ATM offering, net | 6,454 | — |
| Proceeds from issuance of common stock and warrants through underwritten offering, net | 27,514 | 47,195 |
| Proceeds from exercise of common stock options | — | 329 |
| Proceeds from issuance of common stock pursuant to Employee Stock Purchase Plan | 243 | 360 |
| Net cash provided by financing activities | 34,211 | 47,884 |
| Net decrease in cash, cash equivalents and restricted cash | (42,945) | (15,250) |
| Cash, cash equivalents and restricted cash at beginning of the year | 72,054 | 87,304 |
| Cash, cash equivalents and restricted cash at end of the year | $29,109 | $72,054 |
| Supplemental and non-cash items reconciliations: | ||
| Right-of-use asset obtained in exchange for lease liabilities | $1,092 | $— |
| Warrant liability recognized in connection with underwritten offering | $24,692 | $— |
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