Company: WHWK
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023932
Chunk: 241

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 241
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Item 1. Financial Statements.

WHITEHAWK THERAPEUTICS, INC.

Condensed Consolidated Balance Sheets

(In thousands, except share data and par value)

(Unaudited)

March 31,2025December 31,2024AssetsCurrent assets:Cash and cash equivalents$227,569 $28,670 Short-term investments3,493 18,567 Accounts receivable, net— 5,903 Inventory— 5,311 Prepaid expenses and other current assets1,552 2,836 Total current assets232,614 61,287 Property and equipment, net25 6,846 Operating lease right-of-use assets— 787 Other assets1,363 1,399 Total assets$234,002 $70,319 Liabilities and stockholders’ equityCurrent liabilities:Accounts payable$3,657 $2,159 Accrued liabilities8,617 14,647 Operating lease liabilities, current portion— 268 Total current liabilities12,274 17,074 Operating lease liabilities, net of current portion— 565 Other liabilities— 202 Total liabilities12,274 17,841 Commitments and contingencies (Note 12)Stockholders’ equity:Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no sharesissued and outstanding as of March 31, 2025 and December 31, 2024— — Common stock, $0.0001 par value; 300,000,000 shares authorized; 46,784,618and 24,680,708 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively.4 2 Additional paid-in capital481,361 385,114 Accumulated other comprehensive income1 16 Accumulated deficit(259,638)(332,654)Total stockholders’ equity221,728 52,478 Total liabilities and stockholders’ equity$234,002 $70,319 

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

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Table of Contents

WHITEHAWK THERAPEUTICS, INC.

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

(In thousands, except share data and earnings per share amounts)

(Unaudited)

Three Months Ended March 31,20252024RevenueProduct