LENZ Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Mar 24, 2026.
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FY2025 · Filed Mar 24, 2026
LENZ$4.10-4.4%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 loss | $(82,127) | $(49,769) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 287 | 58 |
| Loss on disposal of property and equipment | — | 16 |
| Loss on impairment of operating right-of-use assets and related property and equipment | 82 | — |
| Accretion of discounts and amortization of premiums on marketable securities, net | (3,409) | (4,017) |
| Loss (gain) on long-term investments, net | 197 | (1,336) |
| Change in fair value of preferred stock warrants | — | 1,047 |
| Share-based compensation expense | 12,547 | 6,365 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (329) | — |
| Inventory | (4,275) | — |
| Prepaid expenses and other current assets | (3,027) | 25 |
| Accounts payable | (90) | (4,279) |
| Accrued liabilities | 10,975 | (7,460) |
| Other assets | (1) | (41) |
| Net cash used in operating activities | (69,170) | (59,391) |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (280,803) | (241,911) |
| Proceeds from maturities of marketable securities | 205,962 | 87,900 |
| Purchases of property and equipment | (827) | (468) |
| Net cash used in investing activities | (75,668) | (154,479) |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock through at-the-market offerings, net of issuance costs | 147,749 | — |
| Proceeds from exercises of stock options | 1,123 | 4,038 |
| Proceeds from issuance of common stock under employee stock purchase plan | 873 | — |
| Cash, cash equivalents, and restricted cash acquired in connection with the Merger | — | 117,824 |
| Proceeds from issuance of common stock, net of issuance costs | — | 79,513 |
| Merger transaction costs | — | (2,373) |
| Net cash provided by financing activities | 149,745 | 199,002 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 4,907 | (14,868) |
| Cash, cash equivalents, and restricted cash, beginning of the period | 20,272 | 35,140 |
| Cash, cash equivalents, and restricted cash, end of the period | $25,179 | $20,272 |
| Supplemental cash flow information | ||
| Conversion of Series A, A-1, and B convertible preferred stock to common stock | $— | $137,490 |
| Conversion of Class B convertible common stock to common stock | $— | $5,900 |
| Reclassification of warrant liability to equity | $— | $1,918 |
| Prepaid expenses and other current assets assumed in the Merger | $— | $1,313 |
| Accounts payable and accrued liabilities assumed in the Merger | $— | $2,950 |
| Right-of-use assets assumed in the Merger in exchange for operating lease liabilities | $— | $74 |
| Right-of-use assets obtained in exchange for operating lease liabilities | $— | $1,116 |
| Property and equipment included in accounts payable and accrued expenses | $— | $203 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.