Scholar Rock Holding Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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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.
FY2024 · Filed Feb 27, 2025
SRRK$48.00-6.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended | ||||||
| · · December 31, | ||||||
| · 2024 · 2023 | ||||||
| Cash flows from operating activities: · · · · | ||||||
| Net loss | | $(246,294) | | $(165,789) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Depreciation and amortization | | 1,937 | | 2,844 | ||
| Amortization of debt discount and debt issuance costs | | | 253 | | | 274 |
| Loss on disposal of property and equipment | | | — | | | 11 |
| Equity-based compensation | | 36,628 | | 27,142 | ||
| Amortization/accretion of investment securities | | | (5,291) | | | (6,220) |
| Non-cash operating lease expense | | | 5,224 | | | 7,126 |
| Change in operating assets and liabilities: | | | | | ||
| Prepaid expenses and other current assets | | (5,770) | | 4,530 | ||
| Other assets | | | 1,472 | | | (2,698) |
| Accounts payable | | 6,630 | | (529) | ||
| Accrued expenses | | 10,647 | | (3,927) | ||
| Operating lease liabilities | | | (6,271) | | | (7,852) |
| Other liabilities | | | (114) | | | (138) |
| Net cash used in operating activities | | (200,949) | | | (145,226) | |
| Cash flows from investing activities: | | | | | ||
| Purchases of property and equipment | | (98) | | | (71) | |
| Proceeds from sale of property and equipment | | | — | | | 13 |
| Purchases of marketable securities | | | (293,158) | | | (290,801) |
| Maturities of marketable securities | | 217,200 | | | 332,000 | |
| Net cash (used in) provided by investing activities | | (76,056) | | 41,141 | ||
| Cash flows from financing activities: | | | | | ||
| Proceeds from sale of common shares and pre-funded warrants to purchase common shares, net of issuance costs | | | 324,414 | | | 97,709 |
| Proceeds from pre-funded and common warrant exercises | | | 9,625 | | | 3,463 |
| Proceeds from stock option exercises | | | 19,114 | | | 1,399 |
| Debt modification payment | | | (125) | | | — |
| Other | | | — | | | 3 |
| Net cash provided by financing activities | | 353,028 | | 102,574 | ||
| Net increase (decrease) in cash, cash equivalents and restricted cash | | 76,023 | | (1,511) | ||
| Cash, cash equivalents and restricted cash, beginning of period | | 104,262 | | | 105,773 | |
| Cash, cash equivalents and restricted cash, end of period | | $180,285 | | $104,262 | ||
| Supplemental disclosure for non-cash items: | | | | | ||
| Offering costs in accrued expenses | | $314 | | $— | ||
| Operating lease liability adjustment from rent modification | | $9,451 | | $— | ||
| Supplemental cash flow information: | | | | | | |
| Cash paid for interest | | $6,617 | | $6,399 | ||
The accompanying notes are an integral part of these consolidated financial statements**.**
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.