Company: TVRD
Filing Date: 2025-10-20
Form Type: S-1/A
Source: 0001104659-25-100896
Chunk: 351

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-20
Form: S-1/A
Chunk 351
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 ​ | ​                      | ​ | -91,131 | ​ | ​ |
| Total liabilities, redeemable convertible preferred stock, and stockholders’ equity (deficit)                                                                                                                                                                                                                                                                                                       | ​ | ​ | ​                  | $ |  43,750 | ​ | ​ | ​ | ​                      | $ |  35,199 | ​ | ​ |

The accompanying notes are an integral part of these condensed consolidated financial statements. F-31

TABLE OF CONTENTS

TVARDI THERAPEUTICS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Unaudited, amounts in thousands, except share and per share amounts)

| ​                                                                
 ​                                                                
 Operating expenses:                                              | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | For the Three Months EndedJune 30, 
 2025                               
 ​                                  | ​ |         ​ | ​ | ​ 
 ​ | ​ 
 ​ | 2024 
 ​    | ​ |         ​ | ​ | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | For the Six Months EndedJune 30, 
 2025                             
 ​                                | ​ |         ​ | ​ | ​ 
 ​ | ​ 
 ​ | 2024 
 ​    | ​ |         ​ | ​ | ​ 
 ​ 
 ​ |
|:-----------------------------------------------------------------|:--|:--|:-----------------------------------|:--|----------:|:--|:--|:--|:-----|:--|----------:|:--|:--|:--|:---------------------------------|:--|----------:|:--|:--|:--|:-----|:--|----------:|:--|:--|
| Research and development                                         | ​ | ​ | ​                                  | $ |     5,806 | ​ | ​ | ​ | ​    | $ |     6,531 | ​ | ​ | ​ | ​                                | $ |     8,917 | ​ | ​ | ​ | ​    | $ |    10,252 | ​ | ​ |
| General and administrative                                       | ​ | ​ | ​                                  | ​ |     3,063 | ​ | ​ | ​ | ​    | ​ |       650 | ​ | ​ | ​ | ​                                | ​ |     4,306 | ​ | ​ | ​ | ​    | ​ |     1,377 | ​ | ​