PRECIGEN, INC.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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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, 2025 · Filed Nov 13, 2025
PGEN$4.52-4.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows for the and
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (Amounts in thousands) | 2025 | 2024 |
| Cash flows from operating activities | ||
| Net loss | $(227,139) | $(106,508) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 2,062 | 3,865 |
| Loss (Gain) on disposals of assets, net | 14 | (2) |
| Impairment of goodwill | 3,907 | 1,630 |
| Impairment of other noncurrent assets | — | 32,915 |
| Loss on reclassification of cumulative foreign currency translation adjustments | — | 2,915 |
| Change in fair value of warrant liabilities | 139,523 | — |
| Amortization of discounts on investments, net | (1,492) | (732) |
| Stock-based compensation expense | 8,703 | 6,606 |
| Shares issued as payment for services | 527 | 553 |
| Accretion of debt discount and amortization of deferred financing costs | 72 | — |
| Deferred income taxes | — | (1,706) |
| Changes in operating assets and liabilities: | ||
| Receivables: | ||
| Trade | 346 | 423 |
| Other | (283) | 431 |
| Inventory | (2,948) | — |
| Prepaid expenses | (962) | (836) |
| Other assets | (382) | 73 |
| Accounts payable | 2,232 | 2,337 |
| Accrued compensation and benefits | 6,629 | 1,338 |
| Other accrued liabilities | 6,610 | (1,422) |
| Deferred revenue | (1,948) | 112 |
| Lease liabilities | (5) | (60) |
| Settlement and indemnification accruals | — | (1,862) |
| Other long-term liabilities | 163 | — |
| Net cash used in operating activities | (64,371) | (59,930) |
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (Amounts in thousands) | 2025 | 2024 |
| Cash flows from investing activities | ||
| Purchases of investments | $(184,146) | $(74,845) |
| Sales and maturities of investments | 144,722 | 126,994 |
| Purchases of property, plant and equipment | (1,977) | (7,556) |
| Proceeds from sale of assets | — | 60 |
| Net cash (used in) provided by investing activities | (41,401) | 44,653 |
| Cash flows from financing activities | ||
| (Payments) Proceeds from issuance of common stock, net of issuance costs | (355) | 31,833 |
| Proceeds from long-term debt, net of issuance costs | 93,472 | — |
| Payments to taxing authorities in connection with shares directly withheld from employees | (1,776) | — |
| Proceeds from stock option exercises | 1,062 | 346 |
| Cash Payment for performance stock units | (1,304) | — |
| Payment of issuance costs related to Series A Preferred Stock | (537) | — |
| Net cash provided by financing activities | 90,562 | 32,179 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 15 | (25) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (15,195) | 16,877 |
| Cash, cash equivalents, and restricted cash | ||
| Beginning of period | 29,517 | 7,848 |
| End of period | $14,322 | $24,725 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $830 | $7 |
| Cash paid for income taxes | 3 | 4 |
| Significant noncash activities | ||
| Accrued compensation paid in equity awards | $3,578 | $3,039 |
| Purchases of property and equipment included in accounts payable and other accrued liabilities | 468 | 733 |
| Settlement of warrants to equity | 190,060 | — |
| Conversion of preferred stock to common stock | 209,883 | — |
| Debt issuance costs included in accounts payable and other accrued liabilities | 654 | 951 |
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