X4 Pharmaceuticals, Inc
For the period ended Jun 30, 2026. Filed Aug 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.
Jun 30, 2026 · Filed Aug 6, 2026
XFOR$3.25-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss(unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(In thousands, except share and per share amounts)
(unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| License and other revenue | $6,433 | $229 | $6,672 | $28,094 |
| Product revenue, net | 2,373 | 1,744 | 4,842 | 2,686 |
| Total revenue | 8,806 | 1,973 | 11,514 | 30,780 |
| Costs and operating expenses: | ||||
| Cost of revenue | 1,617 | 326 | 2,215 | 5,042 |
| Research and development | 15,079 | 18,352 | 30,529 | 36,865 |
| General and administrative | 8,501 | 9,527 | 15,467 | 24,548 |
| Total operating expense | 25,197 | 28,205 | 48,211 | 66,455 |
| Loss from operations | (16,391) | (26,232) | (36,697) | (35,675) |
| Other income, net: | ||||
| Interest income | 1,979 | 665 | 4,084 | 1,690 |
| Interest expense | (2,164) | (2,232) | (4,298) | (4,433) |
| Change in fair value of warrant liability | 528 | 2,642 | 608 | 13,472 |
| Other income, net | (107) | (547) | (93) | (442) |
| Total other income, net | 236 | 528 | 301 | 10,287 |
| Loss before provision for income taxes | (16,155) | (25,704) | (36,396) | (25,388) |
| Provision for income taxes | 2 | 37 | 2 | 71 |
| Net loss | $(16,157) | $(25,741) | $(36,398) | $(25,459) |
| Net loss per share: basic and diluted | $(0.13) | $(3.47) | $(0.29) | $(3.59) |
| Weighted average shares outstanding: basic and diluted | 126,344,020 | 7,412,990 | 126,316,523 | 7,095,846 |
| Other comprehensive loss, net of tax: | ||||
| Net loss | $(16,157) | $(25,741) | $(36,398) | $(25,459) |
| Change in net unrealized gains on marketable debt securities | (1) | (10) | (14) | (16) |
| Comprehensive loss | $(16,158) | $(25,751) | $(36,412) | $(25,475) |
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