Company: PGEN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001356090-25-000034
Chunk: 29

Company: PRECIGEN, INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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Accretion of debt discount and amortization of deferred financing costs72 — Deferred income taxes— (1,706)Changes in operating assets and liabilities:Receivables:Trade346 423 Other(283)431 Inventory(2,948)— Prepaid expenses(962)(836)Other assets(382)73 Accounts payable2,232 2,337 Accrued compensation and benefits6,629 1,338 Other accrued liabilities6,610 (1,422)Deferred revenue(1,948)112 Lease liabilities(5)(60)Settlement and indemnification accruals— (1,862)Other long-term liabilities163 — Net cash used in operating activities(64,371)(59,930)

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

12

Precigen, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

 Nine Months Ended  September 30,(Amounts in thousands)20252024Cash flows from investing activitiesPurchases of investments$(184,146)$(74,845)Sales and maturities of investments144,722 126,994 Purchases of property, plant and equipment(1,977)(7,556)Proceeds from sale of assets— 60 Net cash (used in) provided by investing activities(41,401)44,653 Cash flows from financing activities(Payments) Proceeds from issuance of common stock, net of issuance costs(355)31,833 Proceeds from long-term debt, net of issuance costs93,472 — Payments to taxing authorities in connection with shares directly withheld from employees(1,776)— Proceeds from stock option exercises1,062 346 Cash Payment for performance stock units(1,304)— Payment of issuance costs related to Series A Preferred Stock(537)— Net cash provided by financing activities90,562 32,179 Effect of exchange rate changes on cash, cash equivalents, and restricted cash15 (25)Net (decrease) increase in cash, cash equivalents, and restricted cash(15,195)16,877 Cash, cash equivalents, and restricted cashBeginning of period29,517 7,848 End of period$14,322 $24,725 Supplemental disclosure of cash flow informationCash paid for interest$830 $7 Cash paid