Foghorn Therapeutics Inc.
For the period ended Dec 31, 2025. Filed Mar 11, 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 Mar 11, 2026
FHTX$1.90-6.9%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)
| Year ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(74,283) | $(86,620) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 10,399 | 11,893 |
| Depreciation and amortization expense | 3,332 | 3,120 |
| Loss on disposal of property and equipment | 31 | — |
| Gain on lease modification | (1,632) | — |
| Impairment of long-lived assets | 5,914 | 2,398 |
| Noncash lease expense | 4,206 | 5,682 |
| Accretion of discount on marketable securities | (1,926) | (4,613) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 2,827 | 1,317 |
| Accounts payable | 481 | (2,475) |
| Accrued expenses and other liabilities | 2,204 | (564) |
| Operating lease liabilities | (6,743) | (7,942) |
| Deferred revenue | (30,909) | (22,602) |
| Net cash used in operating activities | (86,099) | (100,406) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (50) | (906) |
| Purchases of marketable securities | (131,247) | (261,470) |
| Proceeds from maturities of marketable securities | 243,337 | 232,472 |
| Net cash provided by (used in) investing activities | 112,040 | (29,904) |
| Cash flows from financing activities: | ||
| Proceeds from offerings of common stock and pre-funded warrants, net of underwriting discounts and commissions | — | 103,401 |
| Payments of public offering costs | — | (585) |
| Proceeds from issuance of common stock upon exercise of stock options and employee stock purchase plan | 483 | 2,612 |
| Proceeds from issuance of common stock under the ATM Facility, net of issuance costs | 540 | — |
| Net cash provided by financing activities | 1,023 | 105,428 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 26,964 | (24,882) |
| Cash, cash equivalents and restricted cash at beginning of period | 57,162 | 82,044 |
| Cash, cash equivalents and restricted cash at end of period | $84,126 | $57,162 |
| Supplemental cash flow information: | ||
| Cash paid for taxes | $9 | $860 |
| Supplemental disclosure and noncash investing and financing information: | ||
| Purchases of property and equipment included in accounts payable and accrued expenses | $— | $22 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $80,876 | $55,454 |
| Restricted cash (current and non-current) | 3,250 | 1,708 |
| Total cash, cash equivalents and restricted cash shown in the statement of cash flows | $84,126 | $57,162 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.