UPB: the cash flow

MyFinsight

For the year ending 2025-12-31, UPB had -$224,314K decrease in cash & cash equivalents over the period. -$133,440K in free cash flow.

Cash Flow	2025-12-31
Net loss	-143,443
Depreciation and amortization expense	188
Stock-based compensation expense	10,332
Change in fair value of preferred stock tranche right liability	0
Net amortization of premiums and accretion of discounts on short-term investments	1,502
Non-cash lease expense	561
Accounts receivable	55
Prepaid expenses and other assets	1,524
Accounts payable	-1,281
Accrued expenses and other current liabilities	4,014
Operating lease liabilities	-565
Net cash used in operating activities	-133,275
Purchases of short-term investments	385,878
Maturities of short-term investments	292,563
Purchases of equipment	165
Net cash used in investing activities	-93,480
Proceeds from the issuance of series b redeemable convertible preferred stock, net of issuance costs paid	0
Proceeds from initial public offering, net of underwriters discounts and commissions	0
Payments of initial public offering costs	34
Proceeds from exercises of stock options	2,279
Proceeds from issuance of common stock under employee stock purchase plan	196
Net cash provided by financing activities	2,441
Net increase (decrease) in cash, cash equivalents and restricted cash	-224,314
Cash, cash equivalents and restricted cash at beginning of period	326,086
Cash, cash equivalents and restricted cash at end of period	101,772

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