Elicio Therapeutics, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 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.
Sep 30, 2025 · Filed Nov 13, 2025
ELTX$1.61-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (unaudited)
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net loss | $(31,853) | $(37,894) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 155 | 236 |
| Amortization of right-of-use assets, operating leases | 687 | 637 |
| Non-cash interest expense | 603 | 82 |
| Amortization of debt discount | 35 | 26 |
| Costs expensed upon the issuance of warrants | — | 549 |
| Change in fair value of warrant liabilities | 3,177 | 3,279 |
| Stock-based compensation | 1,925 | 988 |
| Loss on issuance of warrants | — | 3,502 |
| Gain on disposal of property and equipment, net | — | (3) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 1,043 | (580) |
| Other long-term prepaid assets | (170) | 2,233 |
| Accounts payable | (717) | (2,385) |
| Accrued expenses | (3,202) | 1,095 |
| Deferred research obligation | (1,169) | 613 |
| Operating lease liabilities | (669) | (702) |
| Net cash used in operating activities | (30,155) | (28,324) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | — | (42) |
| Proceeds from sale of property and equipment | — | 3 |
| Net cash used in investing activities | — | (39) |
| Cash flows from financing activities | ||
| Proceeds from issuance of related party convertible note | — | 19,727 |
| Proceeds from issuance of common stock and common warrants from the January 2025 Offering | 9,143 | — |
| Proceeds from issuance of common stock and common warrants | — | 22,882 |
| Proceeds from the exercise of common warrants | 1,293 | — |
| Proceeds from issuance of common stock from at-the-market offerings, net of issuance costs | 11,385 | — |
| Proceeds from the June 2025 Promissory Note, net of issuance costs | 9,866 | — |
| Payment of warrant issuance costs | — | (549) |
| Proceeds from the exercise of stock options | 145 | 34 |
| Net cash provided by financing activities | 31,832 | 42,094 |
| Effect of foreign currency on cash and cash equivalents | 144 | (5) |
| Net increase in cash and cash equivalents | 1,821 | 13,726 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 19,492 | 14,301 |
| Cash, cash equivalents, and restricted cash at the end of the period | $21,313 | $28,027 |
| Components of cash and cash equivalents, and restricted cash | ||
| Cash and cash equivalents | $20,611 | $26,016 |
| Restricted cash | 702 | 2,011 |
| Total cash, cash equivalents and restricted cash | $21,313 | $28,027 |
| Supplemental disclosure of noncash investing and financing activities: | ||
| Fair value of pre-funded warrants at issuance date | $— | $13,382 |
| Fair value of common stock warrants upon settlement | $2,128 | $— |
| Fair value of common warrants issued with January 2025 Offering | $9,719 | $— |
| Fair value of common warrants issued with June 2025 Promissory Note | $641 | $— |
| Fair value of common warrants at issuance date | $— | $6,509 |
| Conversion of related-party senior note payable and interest into equity | $20,176 | $— |
| Accretion of convertible notes discount from issuance costs | $— | $26 |
| Vesting of restricted common stock | $— | $25 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.