Zentalis Pharmaceuticals Inc
For the period ended Mar 31, 2025. Filed May 14, 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.
Mar 31, 2025 · Filed May 14, 2025
ZNTL$1.80+3.4%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)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating Activities: | ||
| Consolidated net (loss) income | $(48,279) | $10,040 |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 262 | 324 |
| Fixed asset impairment | 1,152 | — |
| Share-based compensation | 6,486 | 12,833 |
| Loss on disposal of equipment | — | (66) |
| Non-cash impact of license revenue | — | (25,560) |
| Non-cash recognized loss (gain) mark-to-market of equity securities | 7,023 | (31,169) |
| Accretion of discounts on marketable securities, net | (1,034) | (2,764) |
| Deconsolidation of variable interest entity | — | (79) |
| Changes in operating assets and liabilities: | ||
| Contracts receivable | 5,000 | — |
| Prepaid expenses and other assets | 663 | (1,056) |
| Accounts payable and accrued liabilities | (4,023) | (15,249) |
| Operating lease right-of-use assets and liabilities, net | 114 | 772 |
| Net cash used in operating activities | (32,636) | (51,974) |
| Investing Activities: | ||
| Purchases of marketable securities | (19,530) | (10,115) |
| Proceeds from maturities of marketable securities | 60,000 | 71,700 |
| Proceeds from sale of property and equipment | 5 | — |
| Purchases of property and equipment | — | (40) |
| Net cash provided by investing activities | 40,475 | 61,545 |
| Financing Activities: | ||
| Proceeds from issuance of common stock under equity incentive plans | 189 | 248 |
| Net-settlement of restricted stock unit vesting | — | (241) |
| Net cash provided by financing activities | 189 | 7 |
| Net increase in cash, cash equivalents and restricted cash | 8,028 | 9,578 |
| Cash, cash equivalents and restricted cash at beginning of period | 36,528 | 30,719 |
| Cash, cash equivalents and restricted cash at end of period | $44,556 | $40,297 |
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Statements of Cash Flows for the periods presented:
| March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash and cash equivalents | $41,929 | $37,616 |
| Restricted cash | 2,627 | 2,681 |
| Total cash, cash equivalents and restricted cash reported in the Condensed Consolidated Statements of Cash Flows | $44,556 | $40,297 |
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