ALUMIS INC
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
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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, 2024 · Filed Nov 13, 2024
ALMS$6.40-2.3%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
| | | | | | | |
|---|---|---|---|---|---|---|
| | Nine Months Ended September 30, | |||||
| (in thousands) · · 2024 · 2023 | ||||||
| Cash flows from operating activities · · | ||||||
| Net loss | | $(199,474) | | $(115,693) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Stock-based compensation | | 13,099 | | 6,010 | ||
| Non-cash lease expense | | 31 | | 1,975 | ||
| Depreciation and amortization | | 2,332 | | 558 | ||
| Net accretion of discounts on marketable securities | | (1,987) | | (524) | ||
| Loss on disposal of fixed assets | | 5 | | 266 | ||
| Change in fair value of derivative liability | | 5,406 | | 119 | ||
| Loss on abandonment of right-of-use assets | | — | | 645 | ||
| Changes in operating assets and liabilities: | | | | | ||
| Research and development prepaid expenses | | (9,581) | | 3,605 | ||
| Other prepaid expenses and other assets | | (1,605) | | (150) | ||
| Accounts payable | | 5,322 | | 2,645 | ||
| Research and development accrued expenses | | 7,193 | | 3,342 | ||
| Other accrued expenses and current liabilities | | 426 | | 864 | ||
| Operating lease liabilities | | (1,481) | | 90 | ||
| Net cash used in operating activities | | (180,314) | | (96,248) | ||
| Cash flows from investing activities | | | ||||
| Maturities of marketable securities | | 42,000 | | 76,250 | ||
| Purchases of marketable securities | | (185,374) | | (8,345) | ||
| Purchases of property and equipment | | (1,366) | | (3,289) | ||
| Net cash (used in) provided by investing activities | | (144,740) | | 64,616 | ||
| Cash flows from financing activities | | | ||||
| Proceeds from issuance of redeemable convertible preferred stock and derivative liability, net of issuance costs | | 258,461 | | 59,791 | ||
| Proceeds from initial public offering, net of underwriter discounts and commissions and other offering costs | | | 193,316 | | | (10) |
| Proceeds from a private placement transaction | | | 40,000 | | | — |
| Proceeds from issuance of common stock upon exercise of stock options | | 591 | | 241 | ||
| Repurchase of unvested common stock shares issued upon early exercised stock options | | (6) | | (64) | ||
| Net cash provided by financing activities | | 492,362 | | 59,958 | ||
| Net increase in cash, cash equivalents and restricted cash | | 167,308 | | 28,326 | ||
| Cash, cash equivalents and restricted cash at beginning of period | | 47,133 | | 26,954 | ||
| Cash, cash equivalents and restricted cash at end of period | | $214,441 | | $55,280 | ||
| Supplemental disclosures: | | | ||||
| Conversion of 168,489,871 redeemable convertible preferred stock upon the closing of initial public offering | | $639,237 | | $— | ||
| Right-of-use assets obtained in exchange for operating lease liabilities | | $— | | $14,255 | ||
| Property and equipment acquired through tenant improvement allowance | | $— | | $16,641 | ||
| Vesting of early exercised stock options and unvested restricted shares of common stock | | $964 | | $1,632 | ||
| Purchases of property and equipment in other accrued expenses and current liabilities | | $6 | | $960 | ||
| Recognition of derivative liability upon issuance of redeemable convertible preferred stock | | $8,913 | | $2,112 | ||
| Settlement of derivative liability upon issuance of redeemable convertible preferred stock | | $(14,319) | | $— | ||
| Deferred offering costs in accounts payable and other accrued expenses and current liabilities | | $— | | $544 | ||
| Reconciliation of cash, cash equivalents and restricted cash: | | | ||||
| Cash and cash equivalents | | $213,417 | | $53,937 | ||
| Restricted cash | | — | | 319 | ||
| Restricted cash, non-current | | 1,024 | | 1,024 | ||
| Total cash, cash equivalents and restricted cash | | $214,441 | | $55,280 | ||
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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