Ovid Therapeutics Inc.
For the period ended Dec 31, 2025. Filed Mar 18, 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 18, 2026
OVID$2.80-1.8%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) | For the Year Ended December 31, 2025 | For the Year Ended December 31, 2024 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | $(17,414) | $(26,433) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Change in fair value of royalty monetization liability | — | (30,000) |
| Unrealized gain on equity investments | (21,052) | (3,349) |
| Change in accrued interest and accretion of discount on marketable securities | (695) | (2,765) |
| Stock-based compensation expense | 4,807 | 6,276 |
| Depreciation and amortization expense | 273 | 613 |
| Noncash operating lease expense | 1,187 | 1,097 |
| Change in lease liability | (1,336) | (1,246) |
| Change in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (1,802) | 899 |
| Accounts payable | (1,234) | (512) |
| Accrued expenses | (1,068) | (537) |
| Net cash used in operating activities | (38,334) | (55,956) |
| Cash flows from investing activities: | ||
| Purchase of marketable securities | (91,854) | (73,246) |
| Sales/maturities of marketable securities | 42,000 | 128,000 |
| Purchases of property and equipment | — | (71) |
| Software development and other costs | — | (90) |
| Net cash (used in) provided by investing activities | (49,854) | 54,594 |
| Cash flows from financing activities: | ||
| Proceeds from private placement financing, net of transaction costs | 75,116 | — |
| Proceeds from exercise of options and employee stock purchase plan | 91 | 622 |
| Net cash provided by financing activities | 75,207 | 622 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | (167) | — |
| Net decrease in cash, cash equivalents and restricted cash | (13,148) | (740) |
| Cash, cash equivalents and restricted cash, at beginning of period | 28,232 | 28,972 |
| Cash, cash equivalents and restricted cash, at end of period | $15,084 | $28,232 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.