VERA: the cash flow

MyFinsight

For the year ending 2025-12-31, VERA had $262,079K increase in cash & cash equivalents over the period. -$241,734K in free cash flow.

Cash Flow	2025-12-31
Net loss	-299,615
Depreciation and amortization	468
Accretion of discount and amortization of premium on purchase of debt securities	-6,981
Accretion of loan exit fee and amortization of loan costs, net	1,857
Reduction in the carrying amount of operating lease right-of-use assets	1,449
Stock-based compensation	37,926
Payment of vt-109 license fee	800
Prepaid expense and other current assets	3,928
Other assets	-51
Accounts payable	13,910
Accrued and other liabilities	14,442
Operating lease liabilities	-1,483
Net cash used in operating activities	-241,104
Payment of vt-109 license fee	800
Purchase of property and equipment	630
Purchase of marketable securities	310,446
Proceeds from maturities of marketable securities	506,162
Proceeds from sale of marketable securities	0
Net cash provided by (used in) investing activities	194,286
Proceeds from exercise of stock options and employee stock purchase plan	6,981
Proceeds from refinancing under loan and security agreement, net	23,338
Payment of deferred issuance costs related to unfunded loan commitments	3,517
Proceeds from short swing settlement	500
Proceeds from borrowings, net of costs	0
Repurchase of common stock	0
Proceeds from issuance of common stock in follow-on offerings	300,000
Payment of issuance costs and underwriting fees related to follow-on offerings	18,405
Net cash provided by financing activities	308,897
Net increase in cash and cash equivalents	262,079
Cash and cash equivalents, beginning of year	92,646
Cash and cash equivalents, end of year	354,725

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