BIOLIFE SOLUTIONS 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
BLFS$38.61+3.5%Stored close · as of Oct 5, 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
| Year Ended December 31, | |||
|---|---|---|---|
| (In thousands) | 2025 | 2024 | 2023 |
| Cash flows from operating activities | |||
| Net loss | $(4,595) | $(20,184) | $(68,002) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities | |||
| Impairment of intangible assets | — | — | 5,758 |
| Impairment of long-lived assets | — | — | 9,727 |
| Gain on settlement of Global Cooling escrow | — | — | (5,115) |
| Depreciation | 2,253 | 5,160 | 7,114 |
| Amortization of intangible assets | 2,434 | 3,501 | 5,181 |
| Amortization of loan costs | — | — | 13 |
| Stock-based compensation | 22,993 | 30,923 | 33,245 |
| Non-cash lease expense | 1,875 | 424 | 404 |
| Deferred income tax expense (benefit) | 65 | (64) | (62) |
| Change in fair value of contingent consideration | — | — | (2,193) |
| Change in fair value of equity investment and other | (983) | 4,074 | — |
| Accretion of investments | (736) | (474) | (1,262) |
| Loss on disposal of assets held for rent, net | 510 | 567 | 594 |
| Loss on disposal of property and equipment, net | 11 | 154 | 633 |
| IPR&D expense | 15,521 | — | — |
| Net gain on disposal of subsidiaries | (10,324) | (15,877) | — |
| Change in operating assets and liabilities | |||
| Accounts receivable, trade, net | 264 | (2,899) | 15,351 |
| Inventories | (1,268) | 781 | (8,552) |
| Prepaid expenses and other current assets | (3,039) | (2,407) | 137 |
| Accounts payable | (2,086) | 26 | (8,425) |
| Accrued expenses and other current liabilities | (1,144) | 6,485 | 2,002 |
| Sales taxes payable | (1,905) | (973) | 1,311 |
| Warranty liability | 5 | (528) | (454) |
| Other | 264 | (258) | 97 |
| Net cash provided by (used in) operating activities | 20,115 | 8,431 | (12,498) |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (9,478) | (3,227) | (6,381) |
| Purchases of assets held for rent | (886) | (2,068) | (4,856) |
| Proceeds from sale of available-for-sale securities | 6,829 | 3,518 | 3,469 |
| Maturities of available-for-sale securities | 34,764 | 18,400 | 52,700 |
| Investment in available-for-sale securities | (114,063) | (18,415) | (27,095) |
| Purchases of intangible assets | — | (300) | — |
| Investment in IPR&D | (10,221) | — | — |
| Investment in convertible promissory note | (2,000) | — | — |
| Proceeds from sale of divested entities | 23,516 | 73,431 | — |
| Payments on divestiture of Global Cooling | — | (13,039) | — |
| Net cash (used in) provided by investing activities | (71,539) | 58,300 | 17,837 |
| Cash flows from financing activities | |||
| Payments on term loan | (10,000) | (5,000) | (300) |
| Payments on equipment loans | — | (1,608) | (198) |
| Issuance of common stock | — | — | 10,244 |
| Proceeds from exercise of common stock options | 18 | 202 | 507 |
| Proceeds from financed insurance premium | — | 2,094 | 2,639 |
| Payments on financed insurance premium | (975) | (2,397) | (2,365) |
| Other | 33 | (74) | 64 |
| Net cash (used in) provided by financing activities | (10,924) | (6,783) | 10,591 |
| Net (decrease) increase in cash and cash equivalents | (62,348) | 59,948 | 15,930 |
| Cash and cash equivalents – beginning of period | 95,386 | 35,438 | 19,473 |
| Effects of currency translation on cash and cash equivalents | — | — | 35 |
| Cash and cash equivalents – end of period | $33,038 | $95,386 | $35,438 |
| Non-cash investing and financing activities | |||
| Assets acquired under operating leases | $— | $5,833 | $880 |
| Assets acquired under finance leases | $— | $— | $1,682 |
| Purchase of property and equipment not yet paid | $— | $107 | $359 |
| Unrealized loss (gain) on available-for-sale securities | $108 | $(18) | $(56) |
| Unrealized gain on currency translation | $— | $— | $(12) |
| Non-cash acquisition of PanTHERA | $5,300 | $— | $— |
| Cashless issuance of SciSafe earnout shares | $— | $— | $2,263 |
| Returned shares from settlement of Global Cooling escrow | $— | $— | $(5,115) |
| Cash interest paid | $762 | $1,608 | $1,927 |
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