TERN: the cashflow

MyFinsight

For the quarter ending 2025-09-30, TERN had $4,732K increase in cash & cash equivalents over the period. -$19,773K in free cash flow.

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

Cash Flow	2025-09-30	2025-06-30
Net loss	-24,635	-48,001
Stock-based compensation expense	3,341	6,705
Depreciation expense	12	66
Net accretion on marketable securities	11	-135
Change in deferred taxes and uncertain tax positions	-34	-68
Amortization of right-of-use assets	99	211
Prepaid expenses and other current assets	1,153	-524
Accrued interest, net of interest received	-166	-207
Accounts payable	97	701
Accrued expenses and other liabilities	2,359	-3,452
Operating lease liabilities	-104	-214
Net cash used in operating activities	-19,773	-43,320
Purchase of property and equipment	0	0
Purchase of marketable securities	0	25,041
Proceeds from maturities of marketable securities	24,500	52,500
Net cash provided by investing activities	24,500	27,459
Net proceeds from the issuance of common stock and pre-funded warrants	0	-
Payment of deferred offering costs	0	6
Proceeds from stock option exercises	0	146
Proceeds from issuance of common stock under employee stock purchase plan	0	252
Net cash provided by financing activities	0	392
Effect of exchange rate changes on cash and cash equivalents	5	-4
Net (decrease) increase in cash and cash equivalents	4,732	-15,473
Cash and cash equivalents at beginning of period	161,439	-
Cash and cash equivalents at end of period	150,698	-

Unit: Thousand (K) dollars