MoonLake Immunotherapeutics
For the period ended Sep 30, 2026. Filed Nov 4, 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.
Sep 30, 2026 · Filed Nov 4, 2026
MLTX$12.56-0.5%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
| Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Cash flow from operating activities | ||
| Net loss | $(211,057) | $(167,303) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 2,646 | 1,865 |
| Share-based compensation expense | 18,750 | 9,308 |
| Net periodic pension benefit (gain) loss for the qualified pension plan | 16 | (27) |
| Other non-cash items | 1,183 | (928) |
| Changes in operating assets and liabilities: | ||
| Other current assets | (4,079) | (1,178) |
| Operating lease right-of-use assets | (22) | — |
| Prepaid expenses | (3,076) | (3,296) |
| Other non-current assets | (1,639) | (587) |
| Trade and other payables | (15,703) | 16,290 |
| Operating lease liabilities | (1,196) | (845) |
| Accrued expenses and other current liabilities | 28,930 | 9,488 |
| Net cash flow used in operating activities | (185,247) | (137,213) |
| Cash flow from investing activities | ||
| Purchase of short-term marketable debt securities | (206,103) | (206,207) |
| Proceeds from maturities of short-term marketable debt securities | 147,759 | 439,145 |
| Purchase of property and equipment | — | (35) |
| Net cash flow (used in) provided by investing activities | (58,344) | 232,903 |
| Cash flow from financing activities | ||
| Proceeds from long-term debt, net of issuance costs | 24,467 | 73,022 |
| Issuance of Class A Ordinary Shares under the Sales Agreement, net of transaction costs | 50,319 | — |
| Issuance of Class A Ordinary Shares and Pre-Funded Warrants under the 2026 Offering, net of transaction costs | 189,759 | — |
| Issuance of Class A shares upon exercise of the Over-Allotment Option, net of transaction costs | 28,472 | — |
| Stamp duty on capital injection from MoonLake to MoonLake AG | (1,500) | — |
| Proceeds from options exercised under the Equity Incentive Plan | 721 | 480 |
| Proceeds from options exercised under the Employee Stock Option Plan | — | 100 |
| Net cash flow provided by financing activities | 292,238 | 73,602 |
| Effect of movements in exchange rates on cash held | (478) | 1,018 |
| Net change in cash, cash equivalents, and restricted cash | 48,169 | 170,310 |
| Cash, cash equivalents, and restricted cash, beginning of period | 334,517 | 180,426 |
| Cash, cash equivalents, and restricted cash, end of period | $382,686 | $350,736 |
| Supplementary disclosure of cash flow information: | ||
| Cash paid for interest | $6,115 | $2,871 |
| Non-cash operating lease right-of-use assets obtained in exchange for lease obligations | $1,194 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.