v3.25.3

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Operating expenses:
Research and development	$ 20,012	$ 21,370	$ 62,914	$ 58,429
General and administrative	5,981	4,356	16,987	13,992
Total operating expenses	25,993	25,726	79,901	72,421
Loss from operations	(25,993)	(25,726)	(79,901)	(72,421)
Other income (expense):
Interest income	419	776	843	2,961
Change in fair value of the tranche rights	0	0	0	(4,796)
Other income (expense), net	(5)	582	1,186	(1,076)
Total other income (expense)	414	1,358	2,029	(2,911)
Net loss	$ (25,579)	$ (24,368)	$ (77,872)	$ (75,332)
Net loss per share, basic (in usd per share)	$ (0.13)	$ (0.24)	$ (0.55)	$ (0.75)
Net loss per share, diluted (in usd per share)	$ (0.13)	$ (0.24)	$ (0.55)	$ (0.75)
Weighted-average common shares outstanding, basic (in shares)	193,897,764	101,272,580	142,811,489	99,998,245
Weighted-average common shares outstanding, diluted (in shares)	193,897,764	101,272,580	142,811,489	99,998,245

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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IMMUNIC, INC. 10-Q