Annexon, Inc.
For the period ended Dec 31, 2025. Filed Mar 30, 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 30, 2026
ANNX$4.23+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Year EndedDecember 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating expenses: | ||
| Research and development | $184,698 | $119,448 |
| General and administrative | 31,709 | 34,625 |
| Total operating expenses | 216,407 | 154,073 |
| Loss from operations | (216,407) | (154,073) |
| Interest and other income, net | 9,717 | 15,873 |
| Net loss | (206,690) | (138,200) |
| Deemed dividend on modification of common stock warrants | (1,857) | — |
| Net loss attributable to common stockholders | $(208,547) | $(138,200) |
| Net loss per share, basic and diluted | $(1.34) | $(1.01) |
| Weighted-average shares used in computing net loss per share, basic and diluted | 155,105,832 | 137,404,145 |
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