Zymeworks Inc.
For the period ended Mar 31, 2026. Filed May 7, 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 7, 2026
ZYME$31.46+2.1%Stored close · as of Nov 10, 2026
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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 | $(44,162) | $(22,636) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation of property and equipment | 963 | 981 |
| Amortization of intangible assets | 176 | 1,617 |
| Stock-based compensation expense | 6,935 | 6,402 |
| Amortization of operating lease right-of-use assets | 1,708 | 707 |
| Amortization of debt issuance costs | 26 | — |
| Non-cash interest expense related to sale of royalties | 2,040 | — |
| Deferred income tax recovery | (2,200) | (410) |
| Unrealized foreign exchange gain | (331) | (32) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (36) | 31,219 |
| Prepaid expenses and other current assets | (1,726) | 2,872 |
| Accounts payable and accrued liabilities | (7,750) | (21,219) |
| Operating lease liabilities | (1,005) | (814) |
| Deferred revenue | (340) | (2,093) |
| Income taxes payable | (16) | (1) |
| Net cash provided used in operating activities | (45,718) | (3,407) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | — | (34,032) |
| Proceeds from marketable securities | 70,175 | 46,552 |
| Acquisition of property and equipment | (216) | (16) |
| Acquisition of intangible assets | — | (322) |
| Net cash provided by investing activities | 69,959 | 12,182 |
| Cash flows from financing activities: | ||
| Issuance of common stock on exercise of stock options | 8,717 | 772 |
| Issuance of common stock through employee stock purchase plan | 607 | 544 |
| Purchases of common stock for retirement | (76,151) | — |
| Proceeds from sale of future royalties | 250,000 | — |
| Payments for transaction costs related to sale of future royalties | (4,387) | — |
| Net cash provided by financing activities | 178,786 | 1,316 |
| Effect of exchange rate changes on cash and cash equivalents | 98 | 10 |
| Net change in cash and cash equivalents | 203,125 | 10,101 |
| Cash and cash equivalents, beginning of period | 41,157 | 66,103 |
| Cash and cash equivalents, end of period | $244,282 | $76,204 |
| Supplemental cash flow information: | ||
| Net cash paid during the period for income taxes | $245 | $387 |
| Supplemental disclosure of non-cash investing and financing items: | ||
| Leased assets obtained in exchange for operating lease liabilities | — | 765 |
| Issuance costs related to sale of future royalties not yet paid | 1,176 | — |
| Acquisition of property and equipment and intangible assets not yet paid | 100 | 81 |
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