Company: TVRD
Filing Date: 2025-11-13
Form Type: 424B3
Source: 0001104659-25-111336
Chunk: 5

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-11-13
Form: 424B3
Chunk 5
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| Net loss                                                | ​ | $                          |    -5,527 | ​ | $    |    -5,513 | ​ | $                         |   -10,939 | ​ | $    |   -16,690 | ​ |
| Unrealized gain on short-term investments               | ​ |                            |        20 | ​ |      |         — | ​ |                           |         7 | ​ |      |         — | ​ |
| Comprehensive loss                                      | ​ | $                          |    -5,507 | ​ | $    |    -5,513 | ​ | $                         |   -10,932 | ​ | $    |   -16,690 | ​ |

<div align='center'>The accompanying notes are an
integral part of these condensed consolidated financial statements.

4</div>

Table of Contents

<div align='center'>TVARDI THERAPEUTICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT)

(Unaudited, amounts in thousands, except share amounts)</div>

| ​                                                                                                    
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 ​ |               ​ 
      Redeemable 
     Convertible 
 Preferred Stock 
          Shares | ​ | ​      
 Amount |       ​ | ​ 
 ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ 
 ​ |            ​ 
            ​ 
            ​ 
 Common Stock 
       Shares | ​ 
 ​ 
 ​ | ​      
 ​      
 ​      
 Amount |   ​ 
   ​ 
   ​ | ​ 
 ​ 
 ​ 
 ​ | ​          
 ​          
 Additional 
 Paid-In    
 Capital    |       ​ 
       ​ | ​ 
 ​ 
 ​ 
 ​ | ​           
 ​           
 ​           
 Accumulated 
 Deficit     |        ​ 
        ​ 
        ​ | ​ 
 ​ 
 ​ 
 ​ | ​             
 Accumulated   
 Other         
 Comprehensive 
 Income (Loss) |   ​ | ​ 
 ​ 
 ​ 
 ​ | ​                
 ​                
 Total            
 Stockholders'    
 Equity (Deficit) |        ​ 
        ​ |
|:-----------------------------------------------------------------------------------------------------|:--|----------------:|:--|:-------|--------:|:--|:--|-------------:|:--|:-------|----:|:--|:-----------|--------:|:--|:------------|---------:|:--|:--------------