Foghorn Therapeutics Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 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.
Sep 30, 2026 · Filed Nov 9, 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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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $31,084 | $(52,619) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Stock-based compensation expense | 7,453 | 8,158 |
| Depreciation and amortization expense | 683 | 2,530 |
| Noncash lease expense | 1,621 | 3,663 |
| Accretion of discount on marketable securities | (1,609) | (1,620) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 982 | 3,328 |
| Accounts payable | (2,092) | (573) |
| Accrued expenses and other liabilities | 1,118 | 769 |
| Operating lease liabilities | 2,289 | (5,802) |
| Deferred revenue | (102,882) | (21,662) |
| Net cash used in operating activities | (61,353) | (63,828) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (57) | (50) |
| Purchases of marketable securities | (117,625) | (97,266) |
| Proceeds from maturities of marketable securities | 121,185 | 196,124 |
| Net cash provided by investing activities | 3,503 | 98,808 |
| Cash flows from financing activities: | ||
| Proceeds from offerings of common stock, pre-funded warrants, and series warrants net of underwriting discounts and commissions | 49,999 | — |
| Payments of public offering costs | (347) | — |
| Proceeds from issuance of common stock upon exercise of stock options and employee stock purchase plan | 578 | 442 |
| Proceeds from issuance of common stock under the ATM Facility, net of issuance costs | 5,796 | — |
| Net cash provided by financing activities | 56,026 | 442 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (1,824) | 35,422 |
| Cash, cash equivalents and restricted cash at beginning of period | 84,126 | 57,162 |
| Cash, cash equivalents and restricted cash at end of period | $82,302 | $92,584 |
| Supplemental disclosure and noncash investing and financing information: | ||
| Cash paid for taxes | $2 | $8 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $80,302 | $89,334 |
| Restricted cash | 2,000 | 3,250 |
| Total cash, cash equivalents and restricted cash shown in the statement of cash flows | $82,302 | $92,584 |
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