Black Diamond Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 16, 2026
BDTX$1.60-14.2%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, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $22,367 | $(69,676) |
| Adjustment to reconcile net income (loss) to net cash used in operating activities: | ||
| Stock-based compensation expense | 6,628 | 10,627 |
| Depreciation expense | 325 | 343 |
| (Accretion) amortization on investments | (1,279) | (3,782) |
| Non-cash rent expense | 3,054 | 2,971 |
| Gain on sale of investments | (74) | — |
| Impairment of right-of-use assets and property and equipment | 7,348 | — |
| Gain on sale of property and equipment | (27) | (94) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (349) | 33 |
| Other non-current assets | 176 | (249) |
| Accounts payable | (3,428) | 1,683 |
| Accrued expenses and other current liabilities | (1,414) | (756) |
| Non-current operating lease liability | (3,713) | (3,403) |
| Net cash provided by (used in) operating activities | 29,614 | (62,303) |
| Cash flows from investing activities: | ||
| Proceeds from disposal of equipment | 27 | 94 |
| Proceeds from sales and maturities of investments | 119,094 | 139,750 |
| Purchases of investments | (164,026) | (122,876) |
| Net cash provided by (used in) investing activities | (44,905) | 16,968 |
| Cash flows from financing activities: | ||
| Proceeds from exercise of common stock options and ESPP, net of restricted stock surrendered for taxes | (146) | 1,053 |
| Proceeds from issuance of common stock, net of issuance costs | — | 24,494 |
| Net cash provided by (used in) financing activities | (146) | 25,547 |
| Net (decrease) increase in cash and cash equivalents | (15,437) | (19,788) |
| Cash, cash equivalents and restricted cash, beginning of year | 37,256 | 57,044 |
| Cash, cash equivalents and restricted cash, end of year | $21,819 | $37,256 |
| Cash and cash equivalents, end of year | $20,990 | $36,437 |
| Restricted cash, end of year | 829 | 819 |
| Cash, cash equivalents and restricted cash, end of year | $21,819 | $37,256 |
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