CGON: the cash flow

MyFinsight

For the year ending 2025-12-31, CGON had -$224,578K decrease in cash & cash equivalents over the period. -$132,480K in free cash flow.

Cash Flow	2025-12-31
Net loss	-160,995
Depreciation and amortization	1,445
Stock-based compensation expense	26,676
Accretion of discount on short-term investments	1,014
Non-cash interest expense (income)	768
Non-cash lease expense	34
Prepaid expenses and other current assets	1,900
Accounts receivable, net	320
Inventory	444
Other assets	1,584
Accounts payable	-1,644
Accrued expenses and other current liabilities	8,655
Other liabilities	-487
Net cash used in operating activities	-132,346
Proceeds from sales and maturities of investments	844,139
Purchases of investments	1,067,860
Acquisition, net of cash acquired	21,967
Purchases of property and equipment	134
Net cash used in investing activities	-245,822
Proceeds from follow-on public offerings, net of issuance costs	147,450
Proceeds from exercise of common stock options	6,456
Stock issuance costs	316
Net cash provided by financing activities	153,590
Net (decrease) increase in cash and cash equivalents	-224,578
Cash and cash equivalents at beginning of period	257,068
Cash and cash equivalents at end of period	32,490

Unit: Thousand (K) dollars (except for numbers of shares and EPS).