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Cash Flow Overview

Change in Cash
$312,851K
Free Cash flow
-$142,033K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
    • Maturities and sales of short-te...
    • Proceeds from the issuance of co...
    • Accrued liabilities
    • Others
Negative Cash Flow Breakdown
    • Purchase of short-term investmen...
    • Net loss
    • Prepaid expenses and other curre...
    • Others
Cash Flow
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Net loss
-215,700
-189,424
-219,172
-231,793
Non-cash interest expense
-
-
0
-
Amortization of discount on short-term investments
2,969
4,217
3,017
0
Unrealized foreign exchange loss (gain)
-30
-190
-94
-49
Reclassification of currency translation gain
-
-
0
-
Impairment of fixed assets
-
-
0
-
Depreciation
46
44
42
42
Stock-based compensation
68,706
72,791
111,779
130,761
Loss on disposal of assets
-
-
0
-
Acquired in-process research and development expense
-
-
0
0
Prepaid expenses and other current assets
12,032
11,014
-1,208
-3,739
Other assets
217
1,026
347
856
Accounts payable
-3,907
6,802
-2,145
-839
Accrued liabilities
20,737
12,218
5,533
945
Accrued compensation
2,370
-7,852
3,956
4,360
Other current liabilities
1,474
-1,269
-
476
Other non-current liabilities
3
-33
-2
30
Operating lease right-of-use assets and lease liabilities, net
335
365
267
-64
Net cash used in operating activities
-141,124
-122,291
-101,938
-93,080
Maturities and sales of short-term investments
448,795
177,293
0
0
Purchase of short-term investments
224,990
177,286
484,993
0
Purchases of property and equipment
909
245
164
71
Proceeds from sale of property, plant and equipment
-
-
0
-
Payments to akeso for upfront milestone payments and associated direct transaction costs
-
-
0
0
Proceeds from issuance of common stock-Rights Offering
-
-
0
-
Net cash provided by investing activities
222,896
-238
-485,157
-71
Transaction costs from the issuance of common stock for rights offering
-
-
0
-
Proceeds from the issuance of common stock via private placements, net of offering costs
-
-
500,037
0
Re-payment of related party promissory notes
-
-
0
0
Proceeds from the issuance of common stock under at-the-market offering, net of commissions
227,413
-
-
-
Proceeds from issuance of common stock-At Market Offering
-
-
72,764
31,764
Proceeds received related to employee stock purchase plan and exercise of stock options
3,665
3,797
1,020
2,049
Proceeds from exercise of warrants
0
0
0
0
Net cash provided by financing activities
231,078
3,797
573,821
33,813
Effect of exchange rate changes on cash
1
-19
-19
22
Increase in cash, cash equivalents and restricted cash
312,851
-118,751
-13,293
-59,316
Cash, cash equivalents and restricted cash at beginning of period
106,831
225,582
211,844
211,844
Cash, cash equivalents and restricted cash at end of period
419,682
106,831
225,582
238,875
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Proceeds from theissuance of common stock...$227,413K Proceeds receivedrelated to employee...$3,665K (548.67%↑ Y/Y)Maturities and sales ofshort-term investments$448,795K (197.59%↑ Y/Y)Net cash provided byfinancing activities$231,078K (10299.55%↑ Y/Y)Net cash provided byinvesting activities$222,896K (47.80%↑ Y/Y)Effect of exchange ratechanges on cash$1K (-98.36%↓ Y/Y)Canceled cashflow$225,899K Increase in cash, cashequivalents and restricted...$312,851K (262.32%↑ Y/Y)Canceled cashflow$141,124K Purchase of short-terminvestments$224,990K Purchases of property andequipment$909K Stock-based compensation$68,706K (-85.65%↓ Y/Y)Accrued liabilities$20,737K (328.36%↑ Y/Y)Accrued compensation$2,370K (8.67%↑ Y/Y)Other currentliabilities$1,474K (109.38%↑ Y/Y)Operating leaseright-of-use assets and lease...$335K (452.63%↑ Y/Y)Depreciation$46K (24.32%↑ Y/Y)Unrealized foreignexchange loss (gain)-$30K (-112.55%↓ Y/Y)Other non-currentliabilities$3K (-88.89%↓ Y/Y)Net cash used inoperating activities-$141,124K (-111.44%↓ Y/Y)Canceled cashflow$93,701K Net loss-$215,700K (61.87%↑ Y/Y)Prepaid expenses andother current assets$12,032K (523.10%↑ Y/Y)Accounts payable-$3,907K (-121.79%↓ Y/Y)Amortization of discount onshort-term investments$2,969K (190.22%↑ Y/Y)Other assets$217K (-90.37%↓ Y/Y)
summitplc-logo_05fd32df-svg

Summit Therapeutics Inc. (SMMT)

summitplc-logo_05fd32df-svg

Summit Therapeutics Inc. (SMMT)