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X4 Pharmaceuticals, Inc

For the period ended Dec 31, 2025. Filed Mar 17, 2026.

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About this filing

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 17, 2026

XFOR$3.33+4.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Item 1A.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(In thousands, except share amounts)

Common Stock · AdditionalPaid-InCapital · Accumulated Other ComprehensiveLoss · AccumulatedDeficit · TotalStockholders’Equity
Shares · Amount
Balance at December 31, 20224,055,575$4$450,904$(119)$(376,738)$74,051
Issuance of common stock, warrants and pre-funded warrants for the purchase of common stock, net of issuance costs1,150,701160,44260,443
Vesting of restricted stock units, less shares withheld and retired to satisfy tax obligations117,016———
Exercise of stock options and warrants249,26118,8128,813
Stock-based compensation expense8,6878,687
Issuance of shares of common stock under employee stock purchase plan8,600272272
Net loss(101,167)(101,167)
Balance at December 31, 20235,581,153$6$529,117$(119)$(477,905)$51,099
Issuance of common stock under employee stock purchase plan21,185—297297
Vesting of restricted stock units95,893—22
Stock-based compensation8,2048,204
Unrealized loss on marketable securities(3)(3)
Net loss(37,450)(37,450)
Balance at December 31, 20245,698,231$6$537,620$(122)$(515,355)$22,149
Issuance of common stock and pre-funded warrants for the purchase of common stock, net of issuance costs69,688,75070238,855238,925
Exercise of pre-funded warrants15,241,24615—15
Issuance of common stock under employee stock purchase plan38,769—8989
Vesting of restricted stock units239,924———
Stock-based compensation4,2984,298
Unrealized losses on marketable securities1313
Net loss(79,199)(79,199)
Balance at December 31, 202590,906,920$91$780,862$(109)$(594,554)$186,290
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.