Jade Biosciences, Inc.
For the period ended Dec 31, 2024. Filed Mar 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 Mar 27, 2025
JBIO$16.40+5.1%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 flow from operating activities: · · · | ||||||||
| Net loss | | $(69,628) | | $(75,521) | | | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||||
| Stock-based compensation expense | | 11,311 | | 11,906 | | | ||
| Depreciation and amortization expense | | 282 | | 96 | | | ||
| Impairment of right-of-use asset | | | 256 | | | — | | |
| Accretion of discounts and amortization of premiums on investments, net | | (2,248) | | (3,057) | | | ||
| Changes in operating assets and liabilities: | | | | | ||||
| Prepaid expenses and other current assets | | 299 | | 483 | | | ||
| Other long-term assets | | 563 | | (110) | | | ||
| Accounts payable | | (2,172) | | (164) | | | ||
| Accrued and other liabilities | | (9,913) | | 9,999 | | | ||
| Operating lease assets and liabilities, net | | (109) | | (26) | | | ||
| Other liabilities | | 163 | | (384) | | | ||
| Net cash used in operating activities | | $(71,196) | | $(56,778) | | | ||
| | | | | | | | | |
| Cash flow from investing activities: | | | | | ||||
| Purchases of short-term investments | | | (19,683) | | | (123,982) | | |
| Maturities of short-term investments | | | 75,712 | | | 136,000 | | |
| Purchases of property and equipment | | — | | (142) | | | ||
| Net cash provided by investing activities | | $56,029 | | $11,876 | | | ||
| | | | | | | | | |
| Cash flow from financing activities: | | | | | ||||
| Proceeds from sale of common stock in connection with ATM, net | | 23,942 | | 44,888 | | | ||
| Payments for offering costs | | | (307) | | | (234) | | |
| Proceeds from issuance of common stock under ESPP | | | 308 | | | 356 | | |
| Proceeds from issuance of common stock upon exercise of stock options | | 1,484 | | 986 | | | ||
| Net cash provided by financing activities | | $25,427 | | $45,996 | | | ||
| | | | | | | | | |
| Net increase in cash and cash equivalents | | 10,260 | | 1,094 | | | ||
| Cash and cash equivalents at the beginning of the year | | 23,491 | | 22,397 | | | ||
| Cash and cash equivalents at the end of the period | | $33,751 | | $23,491 | | | ||
| | | | | | | | | |
| Supplemental disclosure of noncash investing and financing activities: | | | | | ||||
| Right-of-use asset obtained in exchange for operating lease liability | | $206 | | $— | | | ||
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