Evolus Inc
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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.
Mar 31, 2025 · Filed May 7, 2025
EOLS$6.81-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net loss | $(18,892) | $(13,109) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1,563 | 1,409 |
| Stock-based compensation | 5,928 | 5,079 |
| Provision for bad debts | 1,051 | 188 |
| Amortization of operating lease right-of-use assets | 263 | 148 |
| Amortization of debt discount and issuance costs | 301 | 277 |
| Deferred income taxes | (5) | 5 |
| Revaluation of contingent royalty obligation payable to Evolus Founders | 2,151 | 1,578 |
| Other | 146 | — |
| Changes in assets and liabilities: | ||
| Inventories | 4,050 | 5,309 |
| Accounts receivable | (823) | (3,899) |
| Prepaid expenses | (103) | 22 |
| Accounts payable | 4,722 | 909 |
| Accrued expenses | (14,172) | (8,874) |
| Operating lease liabilities | (79) | (171) |
| Other assets | (1,733) | 514 |
| Net cash used in operating activities | (15,632) | (10,615) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (319) | (256) |
| Additions to capitalized software | (1,542) | (541) |
| Net cash used in investing activities | (1,861) | (797) |
| Cash flows from financing activities | ||
| Payment of contingent royalty obligation to Evolus Founders | (2,365) | (1,829) |
| Proceeds from follow-on offering, net of underwriters fees | — | 47,004 |
| Issuance of common stock in connection with incentive equity plan | 742 | 487 |
| Tax withholding paid on behalf of employees for stock-based awards | (8) | — |
| Net cash provided by (used in) financing activities | (1,631) | 45,662 |
| Effect of exchange rates on cash | 66 | (130) |
| Change in cash and cash equivalents | (19,058) | 34,120 |
| Cash and cash equivalents, beginning of period | 86,952 | 62,838 |
| Cash and cash equivalents, end of period | $67,894 | $96,958 |
Condensed Consolidated Statements of Cash Flows (Continued)
(in thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $4,056 | $4,424 |
| Cash paid for income taxes | 46 | 26 |
| Non-cash investing and financing information | ||
| Accrued offering costs, unpaid | $— | $210 |
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