Keros Therapeutics Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
KROS$9.33+1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| YEAR ENDED DECEMBER 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net loss | $(187,353) | $(152,992) | $(104,679) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation expense | 1,229 | 815 | 674 |
| Loss on disposal of fixed asset | — | 4 | 12 |
| Stock-based compensation expense | 34,872 | 28,763 | 18,682 |
| Non-cash lease expense | 1,820 | 1,552 | 941 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (2,599) | (143) | 18,000 |
| Prepaid expenses and other current assets | (10,217) | (9,284) | (3,321) |
| Other assets | (4) | (478) | (1,574) |
| Accounts payable | (249) | 1,614 | (408) |
| Right-of-use assets and operating lease liabilities | (1,320) | 384 | (3,711) |
| Accrued expenses and other current liabilities | 2,952 | 5,257 | 5,322 |
| Net cash used in operating activities | (160,869) | (124,508) | (70,062) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Purchase of property and equipment | (1,931) | (2,464) | (1,241) |
| Net cash used in investing activities | (1,931) | (2,464) | (1,241) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from issuance of common stock, net of underwriting discounts | 151,340 | — | — |
| Payment of issuance costs | (283) | — | — |
| Proceeds from issuance of common stock under the ATM agreement, net of commissions | 228,794 | 175,825 | 119,578 |
| Payment of issuance costs associated with issuance of common stock under the ATM agreement | (171) | (94) | (87) |
| Proceeds from exercise of stock options | 12,141 | 3,225 | 818 |
| Net cash provided by financing activities | 391,821 | 178,956 | 120,309 |
| NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 229,021 | 51,984 | 49,006 |
| Cash, cash equivalents and restricted cash at beginning of year | 332,359 | 280,375 | 231,369 |
| Cash, cash equivalents and restricted cash at end of year | $561,380 | $332,359 | $280,375 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Property and equipment purchases in accounts payable | $— | $599 | $75 |
| Issuance costs in accrued and accounts payable | $— | $— | $63 |
| Right-of-use assets obtained in exchange for operating lease obligation | $5,737 | $1,338 | $15,423 |
The following table provides a reconciliation of the cash and cash equivalents and restricted cash as of each of the periods shown above:
| YEAR ENDED DECEMBER 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash and cash equivalents | $559,931 | $331,147 | $279,048 |
| Restricted cash | 1,449 | 1,212 | 1,327 |
| Total cash, cash equivalents and restricted cash | $561,380 | $332,359 | $280,375 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.