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10-Q

Quarterly Report

TOURMALINE BIO, INC.

0001827506-25-000098

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Filed
Aug 13, 2025 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding Q2 2025 · Aug 1, 2025 25.69M sh
Shares Diluted Q2 2025 · Jun 30, 2025 25.76M sh
Shares Diluted Q2 2025 · Jun 30, 2025 25.72M sh
Shares Diluted Q2 2025 · Jun 30, 2024 25.72M sh
Shares Diluted Q2 2025 · Jun 30, 2024 24.91M sh
Stock Repurchased Q2 2025 · Jun 30, 2025 $7K
Stock Repurchased Q2 2025 · Jun 30, 2024 $0
Capex Q2 2025 · Jun 30, 2025 $16K
Capex Q2 2025 · Jun 30, 2024 $0
Operating Cash Flow Q2 2025 · Jun 30, 2025 −$41.94M
Operating Cash Flow Q2 2025 · Jun 30, 2024 −$32.93M
Cash And Equivalents Q2 2025 · Jun 30, 2025 $31.42M
Cash And Equivalents Q2 2025 · Dec 31, 2024 $30.51M
Cash And Equivalents Q2 2025 · Jun 30, 2024 $70.15M
Stockholders Equity Q2 2025 · Jun 30, 2025 $259.19M
Stockholders Equity Q2 2025 · Mar 31, 2025 $279.86M
Stockholders Equity Q2 2025 · Dec 31, 2024 $300.05M
Stockholders Equity Q2 2025 · Jun 30, 2024 $338.28M
Stockholders Equity Q2 2025 · Mar 31, 2024 $354.16M
Stockholders Equity Q2 2025 · Dec 31, 2023 $205.04M
Current Liabilities Q2 2025 · Jun 30, 2025 $10.1M
Current Liabilities Q2 2025 · Dec 31, 2024 $8.91M
Total Liabilities Q2 2025 · Jun 30, 2025 $10.1M
Total Liabilities Q2 2025 · Dec 31, 2024 $8.95M
Current Assets Q2 2025 · Jun 30, 2025 $249.1M
Current Assets Q2 2025 · Dec 31, 2024 $268.84M
Total Assets Q2 2025 · Jun 30, 2025 $269.3M
Total Assets Q2 2025 · Dec 31, 2024 $309M
Eps Diluted Q2 2025 · Jun 30, 2025 −$0.90
Eps Diluted Q2 2025 · Jun 30, 2025 −$1.79
Eps Diluted Q2 2025 · Jun 30, 2024 −$0.68
Eps Diluted Q2 2025 · Jun 30, 2024 −$1.24
Eps Basic Q2 2025 · Jun 30, 2025 −$0.90
Eps Basic Q2 2025 · Jun 30, 2025 −$1.79
Eps Basic Q2 2025 · Jun 30, 2024 −$0.68
Eps Basic Q2 2025 · Jun 30, 2024 −$1.24
Sga Expense Q2 2025 · Jun 30, 2025 $6.34M
Sga Expense Q2 2025 · Jun 30, 2025 $12.31M
Sga Expense Q2 2025 · Jun 30, 2024 $6.24M
Sga Expense Q2 2025 · Jun 30, 2024 $12.38M
Rd Expense Q2 2025 · Jun 30, 2025 $19.63M
Rd Expense Q2 2025 · Jun 30, 2025 $39.89M
Rd Expense Q2 2025 · Jun 30, 2024 $15.73M
Rd Expense Q2 2025 · Jun 30, 2024 $27.11M
Net Income Q2 2025 · Jun 30, 2025 −$23.09M
Net Income Q2 2025 · Jun 30, 2025 −$46.06M
Net Income Q2 2025 · Mar 31, 2025 −$22.97M
Net Income Q2 2025 · Jun 30, 2024 −$17.49M
Net Income Q2 2025 · Jun 30, 2024 −$30.8M
Net Income Q2 2025 · Mar 31, 2024 −$13.31M
Operating Income Q2 2025 · Jun 30, 2025 −$25.97M
Operating Income Q2 2025 · Jun 30, 2025 −$52.21M
Operating Income Q2 2025 · Jun 30, 2024 −$21.97M
Operating Income Q2 2025 · Jun 30, 2024 −$39.49M