ABEONA THERAPEUTICS INC.
For the period ended Dec 31, 2025. Filed Mar 17, 2026.
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FY2025 · Filed Mar 17, 2026
ABEO$2.46-3.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for 2025 and 2024
ABEONA THERAPEUTICS INC. AND SUBSIDIARIES
($ in thousands)
| For the year ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $71,183 | $(63,734) |
| Adjustments to reconcile net income (loss) to cash used in operating activities: | ||
| Depreciation and amortization | 2,549 | 2,004 |
| Stock-based compensation expense | 10,779 | 6,628 |
| Change in fair value of warrant and derivative liabilities | (6,139) | 755 |
| Accretion and interest on short-term investments | 889 | 276 |
| Amortization of right-of-use lease assets | 1,014 | 903 |
| Non-cash interest | 1,152 | 1,538 |
| Gain on disposal of property and equipment | — | (2) |
| Gain from sale of priority review voucher | (152,366) | — |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (6,147) | — |
| Inventory | (5,493) | — |
| Other receivables | 1,084 | 792 |
| Prepaid expenses and other current assets | (151) | (564) |
| Other assets | (685) | 181 |
| Accounts payable and accrued expenses | 6,540 | 1,507 |
| Accrued taxes | 126 | — |
| Lease liabilities | (576) | (1,315) |
| Change in payable to licensor | — | (5,000) |
| Other current liabilities | (85) | 16 |
| Net cash used in operating activities | (76,326) | (56,015) |
| Cash flows from investing activities: | ||
| Proceeds from sale of priority review voucher, net of transaction costs of $2.6 million | 152,366 | — |
| Capital expenditures | (7,975) | (2,446) |
| Proceeds from disposal of property and equipment | — | 18 |
| Purchases of short-term investments | (206,634) | (157,010) |
| Proceeds from maturities of short-term investments | 167,271 | 120,198 |
| Net cash provided by (used in) investing activities | 105,028 | (39,240) |
| Cash flows from financing activities: | ||
| Proceeds from ATM sales of common stock, net of issuance costs | 17,300 | 15,475 |
| Payments related to net settlement of restricted share awards | (37) | (526) |
| Proceeds from underwritten sales of common stock, net of issuance costs | — | 70,153 |
| Proceeds from exercise of warrants | 8,777 | — |
| Proceeds from issuance of long-term debt | — | 20,000 |
| Payment of debt issuance costs | — | (963) |
| Net cash provided by financing activities | 26,040 | 104,139 |
| Net increase in cash, cash equivalents and restricted cash | 54,742 | 8,884 |
| Cash, cash equivalents and restricted cash at beginning of period | 23,695 | 14,811 |
| Cash, cash equivalents and restricted cash at end of period | $78,437 | $23,695 |
| Supplemental cash flow information: | ||
| Cash and cash equivalents | $78,437 | $23,357 |
| Restricted cash | — | 338 |
| Total cash, cash equivalents and restricted cash | $78,437 | $23,695 |
| Supplemental non-cash flow information: | ||
| Right-of-use asset obtained in exchange for new operating lease liabilities | $1,424 | $— |
| Derivative and warrant additions associated with loan and security agreement | $80 | $1,042 |
| Reclassification of derivative and warrant liability to equity | $7,053 | $1,135 |
| Changes in accrued property and equipment | $(406) | $471 |
| Cash paid for interest | $2,589 | $2,670 |
| Cash paid for taxes | $— | $7 |
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