X4 Pharmaceuticals, Inc
For the period ended Mar 31, 2026. Filed May 6, 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 6, 2026
XFOR$3.25-2.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net (loss) income | $(20,241) | $282 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Stock-based compensation expense | 2,413 | 519 |
| Depreciation and amortization expense | 223 | 476 |
| Non-cash lease expense | 374 | 413 |
| Accretion of debt discount | 230 | 225 |
| Change in fair value of warrant liability | (80) | (10,830) |
| Other | (106) | (173) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (541) | 561 |
| Inventory | (158) | (272) |
| Prepaid expenses, other current and non-current assets | 778 | 201 |
| Accounts payable | (624) | 2,476 |
| Accrued expenses and other long-term liabilities | (1,549) | (7,782) |
| Deferred revenue | (59) | 1,810 |
| Lease liabilities | (259) | (274) |
| Net cash used in operating activities | (19,599) | (12,368) |
| Cash flows from investing activities: | ||
| Acquisition of intangible asset | — | (3,000) |
| Purchase of marketable securities | — | (11,888) |
| Sales and maturities of marketable securities | 19,252 | 11,750 |
| Net cash provided by (used in) investing activities | 19,252 | (3,138) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of pre-funded warrants | 2 | — |
| Net cash provided by financing activities | 2 | — |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (20) | 72 |
| Net decrease in cash, cash equivalents and restricted cash | (365) | (15,434) |
| Cash, cash equivalents and restricted cash at beginning of period | 217,852 | 56,475 |
| Cash, cash equivalents and restricted cash at end of period | $217,487 | $41,041 |
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