Cabaletta Bio, Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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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, 2026 · Filed May 14, 2026
CABA$1.45-3.3%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 Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(43,515) | $(35,943) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 5,256 | 5,161 |
| Depreciation | 337 | 485 |
| Non-cash finance lease expense | 4,022 | 1,465 |
| Non-cash operating lease expense | 978 | 881 |
| Accretion of operating lease liabilities | 81 | 167 |
| Amortization of discount on investments | (368) | — |
| Loss on foreign currency exchange rates | 19 | 29 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (409) | (53) |
| Other assets | (114) | (76) |
| Accounts payable | (269) | 1,591 |
| Accrued and other current liabilities | (7,281) | (3,538) |
| Lease liabilities | (1,057) | (1,057) |
| Accrued interest payable under finance lease | (241) | 86 |
| Net cash used in operating activities | (42,561) | (30,802) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | — | (785) |
| Proceeds from maturities of investments | 50,960 | — |
| Net cash provided by (used in) investing activities | 50,960 | (785) |
| Cash flows from financing activities: | ||
| Issuance of common stock from ATM offering, net of sales agent commission and fees | 22,568 | — |
| Proceeds from issuance of common stock upon exercise of common stock warrants | 6,938 | — |
| Proceeds from issuance of common stock in connection with theexercise of stock options | 32 | — |
| Principal payments on finance leases | (4,271) | (552) |
| Net cash provided by (used in) financing activities | 25,267 | (552) |
| Effect of exchange rate changes on cash and cash equivalents | (13) | 7 |
| Net increase (decrease) in cash and cash equivalents | 33,653 | (32,132) |
| Cash and cash equivalents—beginning of period | 82,982 | 163,962 |
| Cash and cash equivalents—end of period | $116,635 | $131,830 |
| Supplemental disclosures | ||
| Cash paid for interest | $877 | $208 |
| Right-of-use assets obtained in exchange for finance lease obligations | $4,841 | $14,930 |
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