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$3.33+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 1. FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
(unaudited)
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $216,908 | $217,049 |
| Accounts receivable | 1,113 | 573 |
| Marketable securities | 16,812 | 35,949 |
| Inventory | 4,637 | 4,479 |
| Prepaid expenses and other current assets | 2,512 | 3,527 |
| Total current assets | 241,982 | 261,577 |
| Property and equipment, net | 146 | 182 |
| Goodwill | 17,351 | 17,351 |
| Intangible asset, net | 9,063 | 9,250 |
| Right-of-use assets | 1,035 | 1,409 |
| Other assets | 704 | 692 |
| Total assets | $270,281 | $290,461 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $5,073 | $5,696 |
| Accrued expenses | 17,055 | 18,603 |
| Deferred revenue | 910 | 464 |
| Current portion of lease liability | 733 | 994 |
| Total current liabilities | 23,771 | 25,757 |
| Long-term debt, including accretion, net of discount | 76,520 | 76,291 |
| Warrant liability | 897 | 977 |
| Deferred revenue | 117 | 621 |
| Other liabilities | 526 | 525 |
| Total liabilities | 101,831 | 104,171 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value. 10,000,000 shares authorized and no shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | — | — |
| Common stock, $0.001 par value, 500,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively; 94,319,696 and 90,906,920 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 94 | 91 |
| Additional paid-in capital | 783,273 | 780,862 |
| Accumulated other comprehensive loss | (122) | (109) |
| Accumulated deficit | (614,795) | (594,554) |
| Total stockholders’ equity | 168,450 | 186,290 |
| Total liabilities and stockholders’ equity | $270,281 | $290,461 |
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