IRON: the cash flow

MyFinsight

For the year ending 2025-12-31, IRON had -$101,285K decrease in cash & cash equivalents over the period. -$181,326K in free cash flow.

Cash Flow	2025-12-31
Net loss	-212,184
Depreciation and amortization	281
Stock-based compensation	34,340
Amortization/accretion of investment securities	8,519
Loss from initial consolidation of variable interest entity	-852
Non-cash lease expense	473
Non-cash interest expense	837
Other non-cash items	-1
Prepaid expenses and other current assets	8,922
Accounts payable	1,070
Accrued external research and development expenses	4,310
Other accrued expenses	6,882
Operating lease liabilities	186
Net cash used in operating activities	-180,393
Purchases of marketable securities	849,585
Maturities of marketable securities	456,219
Purchases of property and equipment	933
Net cash used in investing activities	-394,299
Proceeds from sale of common stock in underwritten offerings, net of issuance costs paid	440,346
Proceeds from sale of pre-funded warrants in underwritten offerings, net of issuance costs paid	14,076
Proceeds from sale of common stock in at-the-market offerings, net of issuance costs paid	9,766
Proceeds from issuance of long-term debt, net of issuance costs paid	0
Payment of debt issuance costs	0
Proceeds from stock option exercises	8,641
Contributions from employee stock purchase plan	578
Net cash provided by financing activities	473,407
Net (decrease) increase in cash, cash equivalents and restricted cash	-101,285
Cash, cash equivalents and restricted cash, beginning of period	192,672
Cash, cash equivalents and restricted cash, end of period	91,387

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