Company: TVRD
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001104659-25-054853
Chunk: 297

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-05-30
Form: S-1
Chunk 297
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 | -17,347 | ​ |                   |   — | ​ |               | -17,347 |
| Balances as of December 31, 2023     |   |             29,555,538 | ​ | $      | 85,503 | ​ |   |   19,134,164 | ​ | $      | 19 | ​ | $                |   762 | ​ | $           | -62,839 | ​ | $                 |   — | ​ | $             | -62,058 |
| Exercise of stock options            |   |                      — | ​ |        |      — | ​ |   |       63,750 | ​ |        |  — | ​ |                  |     5 | ​ |             |       — | ​ |                   |   — | ​ |               |       5 |
| Stock-based compensation             |   |                      — | ​ |        |      — | ​ |   |            — | ​ |        |  — | ​ |                  |   319 | ​ |             |       — | ​ |                   |   — | ​ |               |     319 |
| Net loss                             |   |                      — | ​ |        |      — | ​ |   |            — | ​ |        |  — | ​ |                  |     — | ​ |             | -29,397 | ​ |                   |   — | ​ |               | -29,397 |
| Balances as of December 31, 2024     |   |             29,555,538 | ​ | $      | 85,503 | ​ |   |   19,197,914 | ​ | $      | 19 | ​ | $                | 1,086 | ​ | $           | -92,236 | ​ | $                 |   — | ​ | $             | -91,131 |

The accompanying notes are an integral part of these financial statements.

F-6

TVARDI THERAPEUTICS, INC. STATEMENTS OF CASH FLOWS (Amounts in thousands)

| ​                                                                           
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 For the Year Ended |       ​ | ​ |    ​ |       ​ |
|:----------------------------------------------------------------------------|:--|-------------------:|--------:|:--|-----:|--------:|
| ​                                                                           | ​ |       December 31, |         |   |      |         |
| ​