Rallybio Corp
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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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.
FY2024 · Filed Mar 13, 2025
RLYB$15.76+0.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| FOR THE YEAR ENDEDDECEMBER 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Cash Flows Used in Operating Activities: | ||
| Net loss | $(57,775) | $(74,564) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 131 | 150 |
| Net accretion of discounts/premiums on debt securities | (1,612) | (3,089) |
| Share-based compensation | 7,993 | 10,920 |
| Loss on investment in joint venture | 2,239 | 2,041 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses, right-of-use assets and other assets | 2,724 | 5,819 |
| Accounts payable | (698) | (99) |
| Accrued expenses and operating lease liabilities | (3,344) | (1,443) |
| Deferred revenue | 1,060 | — |
| Net cash used in operating activities | $(49,282) | $(60,265) |
| Cash Flows Provided by Investing Activities: | ||
| Purchases of marketable securities | (48,933) | (108,414) |
| Proceeds from maturities of marketable securities | 84,425 | 138,334 |
| Purchase of property and equipment | — | (12) |
| Investment in joint venture | (2,000) | (2,250) |
| Net cash provided by investing activities | $33,492 | $27,658 |
| Cash Flows Provided by Financing Activities: | ||
| Proceeds from the issuance of common stock from a securities purchase agreement | 5,405 | — |
| Proceeds from the issuance of common stock from the stock purchase plan | 62 | 282 |
| Payments of offering costs | (268) | (139) |
| Net cash provided by financing activities | $5,199 | $143 |
| Net decrease in cash and cash equivalents | (10,591) | (32,464) |
| Cash and cash equivalents—beginning of year | 24,494 | 56,958 |
| Cash and cash equivalents—end of year | $13,903 | $24,494 |
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