Calidi Biotherapeutics, Inc.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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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.
Jun 30, 2025 · Filed Aug 8, 2025
CLDI$0.68-6.7%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 Operations
(In thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (Unaudited) | ||||
| OPERATING EXPENSES | ||||
| Research and development | $(2,593) | $(2,167) | $(5,018) | $(4,910) |
| General and administrative | (3,071) | (3,605) | (5,708) | (7,614) |
| Total operating expense | (5,664) | (5,772) | (10,726) | (12,524) |
| Loss from operations | (5,664) | (5,772) | (10,726) | (12,524) |
| OTHER INCOME (EXPENSES), NET | ||||
| Interest expense | (29) | (108) | (63) | (206) |
| Interest expense – related party | (23) | (165) | (61) | (320) |
| Change in fair value of other liabilities and derivatives | (18) | 86 | 14 | (112) |
| Change in fair value of other liabilities and derivatives – related party | (1) | 9 | 2 | 8 |
| Grant income | — | 181 | 50 | 181 |
| Other income (expense), net | (22) | 10 | (32) | (7) |
| Total other income (expenses), net | (93) | 13 | (90) | (456) |
| LOSS BEFORE INCOME TAXES | (5,757) | (5,759) | (10,816) | (12,980) |
| Income tax provision | (4) | (8) | (7) | (12) |
| NET LOSS | $(5,761) | $(5,767) | $(10,823) | $(12,992) |
| Net loss attributable to noncontrolling interest | (46) | — | (122) | — |
| NET LOSS ATTRIBUTABLE TO CONTROLLING INTEREST | (5,715) | (5,767) | (10,701) | (12,992) |
| Deemed dividend on warrants | — | (1,671) | — | (1,671) |
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | $(5,715) | $(7,438) | $(10,701) | $(14,663) |
| Net loss per share; basic and diluted | $(1.99) | $(16.75) | $(4.17) | $(39.61) |
| Weighted average common shares outstanding; basic and diluted | 2,877 | 444 | 2,569 | 370 |
CALIDI BIOTHERAPEUTICS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(In thousands)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (Unaudited) | ||||
| NET LOSS | $(5,761) | $(5,767) | $(10,823) | $(12,992) |
| Other comprehensive income (expense), net of tax: | ||||
| Foreign currency translation adjustment | 13 | (38) | 15 | 20 |
| COMPREHENSIVE LOSS | $(5,748) | $(5,805) | $(10,808) | $(12,972) |
| Comprehensive loss attributable to noncontrolling interest | (46) | — | (122) | — |
| COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | $(5,702) | $(5,805) | $(10,686) | $(12,972) |
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