PHAT: the cash flow

MyFinsight

For the year ending 2025-12-31, PHAT had -$167,292K decrease in cash & cash equivalents over the period. -$167,004K in free cash flow.

Cash Flow	2025-12-31
Net loss	-221,247
Depreciation and amortization	633
Stock-based compensation	28,719
Accrued payment-in-kind interest on debt	4,664
Accrued interest on revenue interest financing liability, net of payments	24,333
Amortization of debt discount	3,014
Inventory reserve	280
Other	-5,205
Prepaid expenses and other current assets	-5,513
Accounts receivable, net	39,331
Accounts payable and accrued expenses	34,104
Accrued interest	121
Operating right-of-use assets and lease liabilities	222
Inventory	11,781
Other long-term assets	1,224
Net cash used in operating activities	-166,775
Cash paid for property and equipment	229
Net cash used in investing activities	-229
Proceeds from issuance of common stock from exercise of stock options	1,638
Net proceeds from issuance of debt	0
Net proceeds from underwritten public offering	0
Payment of employee tax obligations related to vesting of psus and rsus	-1,926
Net cash (used in) provided by financing activities	-288
Net decrease in cash and cash equivalents and restricted cash	-167,292
Cash and cash equivalents and restricted cash - beginning of period	300,125
Cash and cash equivalents and restricted cash - end of period	132,833

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