Company: RPID
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001380106-25-000200
Chunk: 20

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 20
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 The terms of the amendment include options for a one-time, five-year extension of the lease and early termination of the lease in July 2026 (subject to an early termination fee). Monthly rent payments are fixed and future minimum lease payments under the lease (as amended) are $2.7 million as of September 30, 2025, including $0.6 million in short-term obligations.

In June 2021, we entered into a sublease agreement for our Lexington, Massachusetts headquarters, which expires in June 2029. The sublease includes an option to terminate the sublease in July 2026, subject to an early termination fee. Monthly rent payments are fixed and future minimum lease payments over the term of the sublease are $3.0 million as of September 30, 2025, including $0.7 million in short-term obligations. Concurrent with entering into the sublease agreement, we executed an option agreement with the property owner which provides us the option to enter into a new direct lease for our Lexington, Massachusetts facility for an additional five years following expiration of the sublease.

48

Cash flows

The following table summarizes our sources and uses of cash for each of the periods presented (in thousands):

Nine months ended September 30, 20252024Net cash used in operating activities$(27,816)$(34,244)Net cash provided by investing activities10,442 31,794 Net cash provided by financing activities19,328 209 Net increase in cash and cash equivalents and restricted cash$1,954 $(2,241)

Operating activities

During the nine months ended September 30, 2025, net cash used in operating activities was $27.8 million, a decrease of $6.4 million compared to the nine months ended September 30, 2024.  The lower use of net cash was primarily a result of lower personnel-related costs due to reduced headcount as well as the volume and timing of payments to vendors and increased customer cash receipts.  This decrease was partially offset by increased inventory purchases.

Investing activities

During the nine months ended September 30, 2025, net cash provided by investing activities was $10.4 million, a decrease of $21.4 million compared to the nine months ended September 30, 2024. Higher investment maturities in the prior-year period coupled with a decline in investment purchases contributed to the reduction in investing activities.  Additionally, cash expenditures for property and