Twist Bioscience Corp
For the period ended Jun 30, 2025. Filed Aug 4, 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.
Jun 30, 2025 · Filed Aug 4, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (unaudited)
| Nine Months EndedJune 30, | ||
|---|---|---|
| (in thousands) | 2025 | 2024 |
| Operating activities | ||
| Net loss | $(50,532) | $(174,071) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization expense | 18,849 | 24,776 |
| Impairment of long-lived assets | — | 44,930 |
| Stock-based compensation expense | 48,376 | 38,578 |
| Gain on sale of business | (48,847) | — |
| Other non-cash adjustments | 1,963 | 462 |
| Changes in assets and liabilities: | ||
| Accounts receivable, net [1] | (15,172) | 11,398 |
| Inventories | (1,861) | 3,578 |
| Prepaid expenses and other current assets [2] | (1,822) | (185) |
| Other non-current assets | (603) | 472 |
| Accounts payable | 9,616 | (6,927) |
| Accrued expenses | 3,434 | 4,132 |
| Accrued compensation | (4,692) | 5,932 |
| Other liabilities[3] | 5,477 | (1,849) |
| Net cash used in operating activities | $(35,814) | $(48,774) |
| Investing activities | ||
| Purchases of property and equipment | $(15,577) | $(3,074) |
| Purchases of investments | (28,257) | (30,712) |
| Proceeds from maturity of investments | 28,975 | 32,000 |
| Proceeds from sale of business | 2,500 | — |
| Net cash used in investing activities | $(12,359) | $(1,786) |
| Financing activities | ||
| Proceeds from exercise of stock options | $5,551 | $5,183 |
| Proceeds from the issuance of liability related to sale of future revenue | 15,000 | — |
| Proceeds from issuance of common stock under employee stock purchase plan | 2,429 | 2,047 |
| Repurchases of common stock for income tax withholding | (14) | (3,967) |
| Net cash provided by financing activities | $22,966 | $3,263 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $(20) | $53 |
| Net decrease in cash, cash equivalents, and restricted cash | (25,227) | (47,244) |
| Cash, cash equivalents, and restricted cash at beginning of period | 229,132 | 289,281 |
| Cash, cash equivalents, and restricted cash at end of period | $203,905 | $242,037 |
| Supplemental disclosure of cash flow information | ||
|---|---|---|
| Income taxes paid, net of refunds | $23 | $363 |
| Non-cash investing and financing activities | ||
| Property and equipment additions included in accounts payable and accrued expenses | $1,822 | $226 |
| Property and equipment capitalized acquired through tenant improvement allowance | $— | $2,719 |
| Equity securities received as consideration for sale of business | $53,890 | $— |
| Promissory note receivable received as consideration for sale of business | $1,696 | $— |
[1] Including changes in the related parties' balances of $(0.7) million and $0.9 million for the nine months ended June 30, 2025 and June 30, 2024, respectively.
[2]Including changes in a related party balances of $(1.7) million and $— for the nine months ended June 30, 2025 and June 30, 2024, respectively.
[3] Including changes in a related party' balances of $0.2 million and $— for the nine months ended June 30, 2025 and June 30, 2024, respectively.
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