Company: WHWK
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023932
Chunk: 442

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 442
---
 — Effect of dilutive restricted stock units99,021 — Weighted-average shares for diluted EPS39,932,539 26,980,698 Net income (loss) per share:  Basic EPS$1.84 $(0.68)  Diluted EPS$1.83 $(0.68)Recent Accounting PronouncementsIn December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures. The new standard requires a company to expand its existing income tax disclosures, specifically related to the rate reconciliation and income taxes paid. The standard is effective for the Company beginning in fiscal year 2025, with early adoption permitted. The Company is currently evaluating the impact of ASU 2023-09 on the consolidated financial statements and related disclosures.

13

3. Fair Value Measurement

The following table sets forth the recurring fair value of the Company’s financial assets and liabilities, allocated into the Level 1, Level 2 and Level 3 hierarchy that were measured at fair value on a recurring basis (in thousands):Fair Value Measurements as of March 31, 2025Level 1Level 2Level 3TotalAssets:Money market funds (1)$227,319 $— $— $227,319 U.S. government treasury bills1,517 — — 1,517 Corporate bonds— 1,976 — 1,976 Total financial assets$228,836 $1,976 $— $230,812 Fair Value Measurements as of December 31, 2024Level 1Level 2Level 3TotalAssets:Money market funds (1)$27,485 $— $— $27,485 U.S. government treasury bills12,562 — — 12,562 Commercial paper— 1,744 — 1,744 Corporate bonds— 4,261 — 4,261 Total financial assets$40,047 $6,005 $— $46,052 (1)Included in cash and cash equivalents in the accompanying condensed consolidated balance sheets.As of March 31, 2025, marketable securities had a contractual maturity of less than one year.

4. Short-Term Investments and Cash Equivalents

The following table summarizes the Company's short-term investments (in thousands): As