Company: SION
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0002036042-25-000016
Chunk: 205

Company: Sionna Therapeutics, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 205
---
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS 

Unaudited Interim Condensed Consolidated Financial Statements for the Three Months Ended March 31, 2025 and 2024:

Condensed Consolidated Balance SheetsF-2Condensed Consolidated Statements of Operations and Comprehensive LossF-3Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders’ Equity (Deficit)F-4Condensed Consolidated Statements of Cash FlowsF-5Notes to Condensed Consolidated Financial StatementsF-6

F-1

Table of Contents

SIONNA THERAPEUTICS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS 

(in thousands, except share and per share data) (Unaudited)March 31,2025December 31,2024AssetsCurrent assets:Cash and cash equivalents$82,695 $37,788 Marketable securities, current186,971 109,750 Prepaid expenses and other current assets4,014 3,455 Total current assets273,680 150,993 Property and equipment, net2,393 2,466 Marketable securities, noncurrent85,022 20,505 Restricted cash962 962 Operating lease right-of-use asset7,617 7,832 Other assets— 2,994 Total assets$369,674 $185,752 Liabilities, convertible preferred stock and stockholders’ equity (deficit)Current liabilities:Accounts payable$5,019 $1,186 Accrued expenses3,389 8,162 Operating lease liability, current1,119 1,072 Total current liabilities9,527 10,420 Operating lease liability, noncurrent8,378 8,677 Total liabilities17,905 19,097 Commitments and contingencies (Note 7)Series Seed convertible preferred stock, $0.001 par value, no shares and 3,963,963 shares authorized, issued and outstanding as of March 31, 2025 and December 31, 2024, respectively— 13,014 Series A convertible preferred stock, $0.001 par value, no shares and 5,704,161 shares authorized, issued and outstanding as of March 31, 2025 and December 31, 2024, respectively— 25,235 Series B convertible preferred stock, $0.001 par value, no shares and 11,