Zymeworks Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 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.
Jun 30, 2026 · Filed Aug 6, 2026
ZYME$31.46+2.1%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
Condensed Consolidated Statements of Cash Flows (In thousands) (unaudited)
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(89,181) | $(20,319) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation of property and equipment | 1,920 | 1,866 |
| Amortization of intangible assets | 352 | 3,223 |
| Stock-based compensation expense | 18,269 | 12,273 |
| Amortization of operating lease right-of-use assets | 2,529 | 1,430 |
| Amortization of debt issuance costs | 113 | — |
| Non-cash royalty revenue related to sale of royalties | (467) | — |
| Non-cash interest expense related to sale of royalties | 8,548 | — |
| Deferred income tax recovery | (1,935) | (295) |
| Unrealized foreign exchange (gain) loss | (632) | 678 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (1,292) | 53,208 |
| Prepaid expenses and other current assets | (2,109) | 8,362 |
| Accounts payable and accrued liabilities | (11,367) | (28,324) |
| Operating lease liabilities | (1,788) | (1,632) |
| Deferred revenue | (588) | (21,777) |
| Income taxes payable | (38) | (27) |
| Net cash (used in) provided by operating activities | (77,666) | 8,666 |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (62,532) | (104,179) |
| Proceeds from marketable securities | 149,781 | 126,328 |
| Acquisition of property and equipment | (216) | (530) |
| Acquisition of intangible assets | — | (692) |
| Net cash provided by investing activities | 87,033 | 20,927 |
| Cash flows from financing activities: | ||
| Issuance of common stock on exercise of stock options | 11,605 | 2,156 |
| Issuance of common stock through employee stock purchase plan | 607 | 544 |
| Purchases of common stock for retirement | (128,100) | — |
| Proceeds from sale of future royalties | 250,000 | — |
| Payments for transaction costs related to sale of future royalties | (5,345) | — |
| Deferred financing fees | — | (65) |
| Net cash provided by financing activities | 128,767 | 2,635 |
| Effect of exchange rate changes on cash and cash equivalents | 122 | (78) |
| Net change in cash and cash equivalents | 138,256 | 32,150 |
| Cash and cash equivalents, beginning of period | 41,157 | 66,103 |
| Cash and cash equivalents, end of period | $179,413 | $98,253 |
| Supplemental cash flow information: | ||
| Net cash paid during the period for income taxes | $1,108 | $583 |
| Supplemental disclosure of non-cash investing and financing items: | ||
| Issuance of common stock upon exercise of pre-funded warrants | $— | $49,862 |
| Leased assets obtained in exchange for operating lease liabilities | — | 1,024 |
| Issuance costs related to sale of future royalties not yet paid | 218 | — |
| Acquisition of property and equipment and intangible assets not yet paid | 156 | — |
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