Structure Therapeutics Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
GPCR$21.73+1.5%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 | | $(122,526) | | $(89,620) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | |
| Share-based compensation expense | | 18,794 | | 8,191 | ||
| Depreciation expense | | 992 | | 295 | ||
| Accretion of asset retirement obligation | | | 4 | | | 21 |
| Non-cash lease expense | | 1,601 | | 634 | ||
| Accretion of net investment discounts | | (18,465) | | (5,975) | ||
| Changes in operating assets and liabilities: | | | | |||
| Prepaid expenses and other current assets | | (1,408) | | (4,037) | ||
| Other non-current assets | | (5,061) | | 15 | ||
| Accounts payable | | 3,307 | | (860) | ||
| Accrued expenses and other current liabilities | | 7,717 | | 12,163 | ||
| Operating lease liabilities | | (1,591) | | (315) | ||
| Net cash used in operating activities | | (116,636) | | (79,488) | ||
| Cash flows from investing activities | | | ||||
| Purchases of short-term investments | | (702,519) | | (417,356) | ||
| Proceeds from maturities of short-term investments | | 344,900 | | 151,181 | ||
| Purchases of property and equipment | | (1,290) | | (2,167) | ||
| Net cash used in investing activities | | (358,909) | | (268,342) | ||
| Cash flows from financing activities | | | ||||
| Proceeds from issuance of ordinary shares in Follow-On Offering, net of underwriting discounts and commissions | | | 514,573 | | | — |
| Proceeds from issuance of ordinary shares in initial public offering, net of underwriting discounts and commissions | | — | | 172,296 | ||
| Proceeds from private placement financing, gross | | | — | | | 300,000 |
| Payments of offering costs | | | (1,796) | | | (21,565) |
| Proceeds from issuance of ordinary shares under employee share purchase plan | | | 632 | | | — |
| Proceeds from exercise of share options | | 1,854 | | 800 | ||
| Net cash provided by financing activities | | 515,263 | | 451,531 | ||
| Net change in cash and cash equivalents | | 39,718 | | 103,701 | ||
| Cash and cash equivalents | | | ||||
| Beginning of the period | | 129,792 | | 26,091 | ||
| End of the period | | $169,510 | | $129,792 | ||
| Supplemental disclosures of noncash investing and financing activities | | | ||||
| Offering costs included in accounts payable and accrued expenses and other current liabilities | | $100 | | $53 | ||
| Conversion of redeemable convertible preferred shares into ordinary shares upon initial public offering | | $— | | $199,975 | ||
| Purchases of property and equipment in accounts payable and accrued expenses and other current liabilities | | $— | | $48 | ||
| Operating lease right-of-use assets obtained in exchange for new lease liabilities | | $— | | $5,508 | ||
| Recognition of asset retirement obligation | | $— | | $277 | ||
| Conversion of non-voting ordinary shares into ordinary shares | | $— | | $1 | ||
| Exchange of ordinary shares to non-voting ordinary shares | | $— | | $1 | ||
| | | | | | | |
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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