Company: TVRD
Filing Date: 2025-10-20
Form Type: S-1/A
Source: 0001104659-25-100896
Chunk: 370

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-20
Form: S-1/A
Chunk 370
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 ended June 30, 2025 and 2024. Amortization expense is included in research and development expense in the condensed consolidated statements of operations and comprehensive income (loss). 7. Accrued Expenses Accrued expenses consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):

| ​                                          | ​ | ​ | As ofJune 30,2025 |   |       |   | ​ | ​ | As ofDecember 31,2024 |   |       |   | ​ |
|:-------------------------------------------|:--|:--|:------------------|:--|------:|:--|:--|:--|:----------------------|:--|------:|:--|:--|
| Accrued research and development expenses  | ​ | ​ | ​                 | $ | 6,058 | ​ | ​ | ​ | ​                     | $ | 5,172 | ​ | ​ |
| Accrued employee compensation and benefits | ​ | ​ | ​                 | ​ |   740 | ​ | ​ | ​ | ​                     | ​ | 1,142 | ​ | ​ |
| Accrued professional fees                  | ​ | ​ | ​                 | ​ |   898 | ​ | ​ | ​ | ​                     | ​ | 1,756 | ​ | ​ |
| Other accrued expenses                     | ​ | ​ | ​                 | ​ |   448 | ​ | ​ | ​ | ​                     | ​ |     8 | ​ | ​ |
| Total accrued expenses                     | ​ | ​ | ​                 | $ | 8,144 | ​ | ​ | ​ | ​                     | $ | 8,078 | ​ | ​ |

F-43

TABLE OF CONTENTS

8. Leases The Company has one operating lease pertaining to 5,969 square feet of corporate office space in Sugar Land, Texas pursuant to a lease agreement that commenced April 1, 2022. As of June 30, 2025 the remaining term of lease was 2.08 years. The lease requires monthly lease payments that are subject to annual increases throughout the lease term. The components of lease costs, which are included within general and administrative expenses in the Company’s condensed consolidated statements of operations and comprehensive income (loss) were as follows (in thousands):

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 Lease costs:         | ​ 
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