Nurix Therapeutics Inc
For the period ended Aug 31, 2024. Filed Oct 11, 2024.
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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.
Aug 31, 2024 · Filed Oct 11, 2024
NRIX$15.88-1.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended August 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(135,020) | $(101,992) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 6,769 | 5,599 |
| Stock-based compensation | 25,421 | 25,649 |
| Net accretion of discount on marketable securities | (7,795) | (3,453) |
| Loss on disposal of property and equipment | — | 544 |
| Amortization of operating lease right-of-use assets | 5,356 | 4,298 |
| Other | 286 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | — | (2,000) |
| Prepaid expenses and other assets | 767 | 2,556 |
| Accounts payable | (2,376) | (3,036) |
| Deferred revenue | (15,265) | (31,327) |
| Operating lease liabilities | (4,768) | (4,940) |
| Accrued expenses and other current liabilities | 2,792 | 48 |
| Net cash used in operating activities | (123,833) | (108,054) |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (409,738) | (157,941) |
| Maturities of marketable securities | 300,010 | 246,431 |
| Purchases of property and equipment | (7,168) | (5,816) |
| Net cash (used in) provided by investing activities | (116,896) | 82,674 |
| Cash flows from financing activities | ||
| Proceeds from issuances of common stock and pre-funded warrants in equity financing, net of issuance costs | 188,732 | — |
| Proceeds from issuances of common stock in "at the market" financing, net of issuance costs | 90,691 | — |
| Proceeds from exercise of stock options and pre-funded warrants | 3,606 | 981 |
| Proceeds from issuance under employee stock purchase plan | 2,132 | 2,229 |
| Repurchase of unvested early exercised stock options | (15) | — |
| Net cash provided by financing activities | 285,146 | 3,210 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 44,417 | (22,170) |
| Cash, cash equivalents and restricted cash at beginning of period | 55,528 | 65,375 |
| Cash, cash equivalents and restricted cash at end of period | $99,945 | $43,205 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Additions to property and equipment included in accounts payable and accrued expenses and other current liabilities | $483 | $1,054 |
| Right-of-use assets recognized in exchange for lease obligations | $1,297 | $— |
| Capitalized stock-based compensation related to internal-use software development | $11 | $72 |
| Deferred issuance costs included in accrued expenses and other current liabilities | $156 | $— |
| Deferred issuance costs recognized related to the "at the market" financing | $242 | $— |
| Vesting of early exercised stock options | $33 | $91 |
| As of August 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $99,044 | $42,304 |
| Restricted cash | 901 | 901 |
| Total cash, cash equivalents and restricted cash | $99,945 | $43,205 |
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