Ovid Therapeutics Inc.
For the period ended Sep 30, 2026. Filed Nov 10, 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 10, 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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Condensed Consolidated Statements of Cash Flows
| (in thousands) | Nine Months Ended September 30, 2026 | Nine Months Ended September 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | $(52,777) | $(27,077) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Change in fair value of royalty monetization liability | 872 | — |
| Noncash consideration received in licensing agreement transaction | (733) | — |
| Unrealized loss on equity investment | — | 66 |
| Change in accrued interest and accretion of discount on marketable securities | (1,307) | (433) |
| Stock-based compensation expense | 3,753 | 3,612 |
| Depreciation and amortization expense | 66 | 256 |
| Noncash operating lease expense | 954 | 882 |
| Change in lease liability | (1,065) | (994) |
| Change in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (624) | (356) |
| Accounts payable | 3,900 | (1,480) |
| Accrued expenses | (409) | (3,120) |
| Deferred revenue | — | 718 |
| Net cash used in operating activities | (47,370) | (27,926) |
| Cash flows from investing activities: | ||
| Purchase of marketable securities | (110,639) | (14,792) |
| Sales/maturities of marketable securities | 41,000 | 37,000 |
| Net cash (used in) provided by investing activities | (69,639) | 22,208 |
| Cash flows from financing activities: | ||
| Proceeds from sale of shares of common stock and pre-funded warrants, net of expenses | 56,183 | — |
| Proceeds from exercise of Series A warrants into shares of common stock and pre-funded warrants, net of expenses | 50,521 | — |
| Proceeds from sales of shares of common stock under Cowen ATM program, net of expenses | 10,490 | — |
| Proceeds from exercise of options and employee stock purchase plan | 667 | 28 |
| Net cash provided by financing activities | 117,861 | 28 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | (194) | — |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 658 | (5,690) |
| Cash, cash equivalents and restricted cash, at beginning of period | 15,084 | 28,232 |
| Cash, cash equivalents and restricted cash, at end of period | $15,742 | $22,542 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.