Corvex, Inc.
For the period ended Mar 31, 2026. Filed May 19, 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.
Mar 31, 2026 · Filed May 19, 2026
MOVE$4.96-1.8%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 (UNAUDITED)
Corvex, Inc.
Condensed Consolidated Statements of Cash Flows
(in thousands)
| For the three months ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(5,005) | $(5,178) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 326 | 38 |
| Stock-based compensation | 2,178 | 299 |
| Noncash lease expense | – | 8 |
| Write down of inventory to net realizable value | 32 | – |
| Amortization of debt discount (related party) | 118 | – |
| Changes in operating assets and liabilities, net of acquisition: | ||
| Accounts receivable | (162) | – |
| Inventory | (42) | (212) |
| Prepaid expenses and other current assets | (747) | 142 |
| Other assets | 48 | (4) |
| Accounts payable | (1,362) | 509 |
| Deferred revenue | 27 | (18) |
| Operating lease liabilities, net | 50 | – |
| Accrued liabilities | 251 | 113 |
| Net cash used in operating activities | (4,288) | (4,303) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of property and equipment | (6,238) | – |
| Cash acquired in business combination | 36,679 | – |
| Net cash provided by investing activities | 30,441 | – |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Payments on finance lease liabilities | (32) | – |
| Issuance of common stock, net of issuance costs | – | 758 |
| Issuance of common stock upon exercise of stock options | 382 | – |
| Net cash provided by financing activities | 350 | 758 |
| Net increase (decrease) in cash and cash equivalents | 26,503 | (3,545) |
| Cash and cash equivalents at beginning of period | 2,827 | 7,902 |
| Cash and cash equivalents at end of period | $29,330 | $4,357 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash paid for interest | $1 | $– |
| Cash paid for taxes | $– | $– |
| NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Issuance of common stock upon exercise of stock options in exchange for receivable | $11 | $– |
| Business acquired by issuance of equity instruments | $581,911 | $– |
| Broker receivable recorded in prepaid and other current assets for payroll withholding taxes | $97 | $– |
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