Spyre Therapeutics Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
SYRE$103.86+7.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Development fee and royalty | — | 886 | 2,329 |
| Total revenue | — | 886 | 2,329 |
| Operating expenses: | |||
| Research and development (1) | 162,790 | 89,504 | 58,579 |
| General and administrative | 45,776 | 39,946 | 28,531 |
| Acquired in-process research and development | — | 130,188 | — |
| Gain on sale of in-process research and development asset | — | (16,449) | — |
| Total operating expenses | 208,566 | 243,189 | 87,110 |
| Loss from operations | (208,566) | (242,303) | (84,781) |
| Other income (expense): | |||
| Interest income | 21,312 | 6,147 | 837 |
| Change in fair value of forward contract liability | — | (83,530) | — |
| Other expense, net | (20,713) | (19,130) | (7) |
| Total other income (expense) | 599 | (96,513) | 830 |
| Loss before income tax expense | (207,967) | (338,816) | (83,951) |
| Income tax (expense) benefit | (51) | 26 | 136 |
| Net loss | $(208,018) | $(338,790) | $(83,815) |
| Net loss per share, basic and diluted, Series A Preferred Stock | $(127.21) | $(550.28) | $— |
| Weighted-average Series A non-voting convertible preferred stock outstanding, basic and diluted | 374,387 | 434,612 | — |
| Net loss per share, basic and diluted, Series B Preferred Stock | $(127.21) | $(550.29) | $— |
| Weighted-average Series B non-voting convertible preferred stock outstanding, basic and diluted | 85,208 | 8,630 | — |
| Net loss per share, basic and diluted, common | $(3.18) | $(13.76) | $(24.86) |
| Weighted-average common shares outstanding, basic and diluted | 47,027,638 | 6,897,065 | 3,371,231 |
(1)Includes $41.2 million and $48.5 million in related party expenses for the years ended December 31, 2024 and December 31, 2023, respectively, andno related party expenses for the year ended December 31, 2022.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.