C4 Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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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.
FY2025 · Filed Feb 26, 2026
CCCC$3.00-4.8%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)
| Years Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows used in operating activities: | ||
| Net loss | $(104,994) | $(105,316) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Stock-based compensation expense | 19,099 | 29,662 |
| Impairment of right-of-use asset | 10,733 | — |
| Depreciation and amortization | 1,959 | 1,818 |
| Reduction in carrying amount of right-of-use asset | 6,434 | 6,421 |
| Accretion of premium on marketable securities | (2,742) | (5,396) |
| Other | 99 | 6 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 701 | 8,697 |
| Prepaid expenses and other current and long-term assets | 1,144 | (4,328) |
| Accounts payable | (468) | (119) |
| Accrued expenses and other current liabilities | (6,049) | (1,267) |
| Operating lease liability | (5,774) | (5,219) |
| Deferred revenue | (18,836) | 9,884 |
| Net cash used in operating activities | (98,694) | (65,157) |
| Cash flows provided by investing activities: | ||
| Proceeds from maturities of marketable securities | 219,080 | 233,231 |
| Purchase of marketable securities | (227,074) | (284,321) |
| Purchases of property and equipment | (607) | (180) |
| Net cash used in investing activities | (8,601) | (51,270) |
| Cash flows provided by financing activities: | ||
| Proceeds from underwritten offering, net of issuance costs paid of $8.1 million | 116,870 | — |
| Proceeds from issuance of common stock pursuant to the at-the-market equity program, net | 9,341 | 24,370 |
| Proceeds from issuance of common stock pursuant to the Betta Pharma Stock Purchase Agreement | — | 20,000 |
| Proceeds from exercises of stock options | 107 | 778 |
| Payments for repurchase of common stock for tax withholding | (193) | (194) |
| Other | 274 | 382 |
| Net cash provided by financing activities | 126,399 | 45,336 |
| Net change in cash, cash equivalents and restricted cash | 19,104 | (71,091) |
| Cash, cash equivalents and restricted cash at beginning of period | 58,942 | 130,033 |
| Cash, cash equivalents and restricted cash at end of period | $78,046 | $58,942 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash, cash equivalents and restricted cash at end of year | $78,046 | $58,942 |
| Less: restricted cash | (3,443) | (3,443) |
| Cash and cash equivalents at end of the year | $74,603 | $55,499 |
Years Ended December 31,
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.