ANAPTYSBIO, INC
For the period ended Dec 31, 2025. Filed Mar 3, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 3, 2026
ANAB$48.38+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statem ents of Cash Flows
(in thousands)
| Year EndedDecember 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net loss | $(13,232) | $(145,231) | $(163,619) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 559 | 606 | 652 |
| Stock-based compensation | 36,072 | 34,048 | 33,205 |
| Accretion/amortization of investments, net | (4,734) | (10,313) | (10,521) |
| Amortization of right-of-use assets – operating | 1,864 | 1,791 | 1,724 |
| Non-cash interest expense for sale of future royalties | 79,893 | 50,087 | 18,083 |
| Changes in operating assets and liabilities: | |||
| Receivables from collaborative partners | 6,915 | (33,914) | (5,432) |
| Prepaid expenses and other assets | 1,612 | 3,203 | (4,194) |
| Accounts payable and other liabilities | (87,327) | (33,837) | 10,938 |
| Operating lease liabilities | (1,925) | (1,777) | (1,636) |
| Net cash provided by (used in) operating activities | 19,697 | (135,337) | (120,800) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Purchase of investments | (196,411) | (380,376) | (303,919) |
| Sales and maturities of investments | 424,530 | 476,132 | 449,480 |
| Purchases of property and equipment | (87) | (358) | (807) |
| Net cash provided by investing activities | 228,032 | 95,398 | 144,754 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from public offerings, net of underwriters' fees | — | 94,369 | — |
| Proceeds from issuance of common stock | 14,261 | 6,473 | 2,472 |
| Proceeds from the sale of future royalties | — | 50,000 | — |
| Principal repayment of liability for sale of future royalties | (76,797) | (15,233) | (11,726) |
| Payments for repurchase of common stock | (68,626) | (456) | (50,000) |
| Payment for net share settlement of equity awards | (1,451) | (7,504) | — |
| Payments for offering costs, net | — | (492) | — |
| Payments for issuance costs related to the sale of future royalties | — | (103) | (43) |
| Net cash (used in) provided by financing activities | (132,613) | 127,054 | (59,297) |
| Net increase (decrease) in cash and cash equivalents | 115,116 | 87,115 | (35,343) |
| Cash and cash equivalents, beginning of period | 123,080 | 35,965 | 71,308 |
| Cash and cash equivalents, end of period | $238,196 | $123,080 | $35,965 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
| Interest portion of repayment for sale of future royalties | $79,994 | $42,132 | $— |
| State income taxes paid | $78 | $— | $— |
| Non-cash investing and financing activities: | |||
| Amounts accrued for property and equipment | $— | $7 | $8 |
| Amounts accrued for repurchase of common stock | $382 | $— | $456 |
| Receivable related to issuance of common stock, upon exercise of stock options | $29 | $— | $(51) |
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