C4 Therapeutics, Inc.
For the period ended Mar 31, 2026. Filed May 12, 2026.
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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.
Mar 31, 2026 · Filed May 12, 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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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows used in operating activities: | ||
| Net loss | $(25,129) | $(26,322) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Stock-based compensation expense | 2,671 | 5,507 |
| Depreciation and amortization expense | 404 | 456 |
| Reduction in carrying amount of right-of-use asset | 1,441 | 1,649 |
| Net accretion of discounts on marketable securities | (1,089) | (783) |
| Other | 30 | 26 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (482) | (4,926) |
| Prepaid expenses and other current and long-term assets | 122 | 341 |
| Accounts payable | (85) | (645) |
| Accrued expenses and other current liabilities | (3,522) | (6,730) |
| Operating lease liability | (1,536) | (1,391) |
| Deferred revenue | (2,769) | (467) |
| Net cash used in operating activities | (29,944) | (33,285) |
| Cash flows provided by (used in) investing activities: | ||
| Proceeds from maturities of marketable securities | 57,029 | 54,765 |
| Purchases of marketable securities | (40,812) | (25,640) |
| Purchases of property and equipment, net | (64) | — |
| Net cash provided by investing activities | 16,153 | 29,125 |
| Cash flows provided by (used in) financing activities: | ||
| Proceeds from exercise of stock options | 605 | — |
| Proceeds from exercise of warrants | 1 | — |
| Payments for repurchase of common stock for tax withholding | (200) | (155) |
| Other | 56 | 109 |
| Net cash provided by (used in) financing activities | 462 | (46) |
| Net change in cash, cash equivalents and restricted cash | (13,329) | (4,206) |
| Cash, cash equivalents and restricted cash at beginning of period | 78,046 | 58,942 |
| Cash, cash equivalents and restricted cash at end of period | $64,717 | $54,736 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash, cash equivalents and restricted cash at end of period | $64,717 | $54,736 |
| Less: restricted cash | (3,443) | (3,443) |
| Cash and cash equivalents at end of the period | $61,274 | $51,293 |
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for leases | $2,317 | $2,249 |
| Supplemental disclosures of non-cash investing activities: | ||
| Capital expenditures in accounts payable and accrued expenses | $38 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.