FDMT: the cash flow

MyFinsight

For the year ending 2025-12-31, FDMT had -$89,095K decrease in cash & cash equivalents over the period. -$109,618K in free cash flow.

Cash Flow	2025-12-31
Net loss	-140,109
Stock-based compensation expense	22,016
Vesting of common stock warrants in return for services	0
Change in fair value of derivative liability	-52
Depreciation and amortization	4,694
Amortization of right-of-use assets	2,931
Net accretion of discount on marketable securities	4,734
Prepaid expenses and other current assets	424
Other assets	4,927
Accounts payable	6,773
Accrued and other liabilities	8,152
Deferred revenue	-209
Operating lease liabilities	-3,193
Net cash used in operating activities	-109,082
Purchase of marketable securities	442,821
Maturities of marketable securities	350,384
Acquisition of property and equipment	536
Net cash used in investing activities	-92,973
Issuance of common stock upon exercise of stock options and vesting of rsus	984
Issuance of common stock under the offering program, net of issuance costs-Public Offering	0
Issuance of common stock under the offering program, net of issuance costs-Underwritten Offering	93,540
Issuance of common stock under the offering program, net of issuance costs-Atm Offering Program	9,683
Issuance of common stock - 2020 espp	1,253
Issuance of common stock under stock purchase agreement	7,500
Net cash provided by financing activities	112,960
Net decrease in cash and cash equivalents	-89,095
Cash and cash equivalents, beginning of period	149,336
Cash and cash equivalents, end of period	60,241

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