v3.25.2

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Operating expenses:
Research and development	$ 37,638	$ 23,427	$ 66,656	$ 45,381
General and administrative	8,268	6,852	16,386	12,929
Total operating expenses	45,906	30,279	83,042	58,310
Loss from operations	(45,906)	(30,279)	(83,042)	(58,310)
Other income (expense):
Interest income	1,410	2,677	2,897	5,661
Interest expense	(571)	0	(865)	0
Other expense	(61)	0	(61)	0
Net loss	(45,128)	(27,602)	(81,071)	(52,649)
Other comprehensive income:
Net unrealized gain (loss) on available-for-sale investments, net of tax	1	9	1	(68)
Net comprehensive loss	$ (45,127)	$ (27,593)	$ (81,070)	$ (52,717)
Net loss per share of voting and non-voting common stock, basic	$ (0.73)	$ (0.56)	$ (1.44)	$ (1.07)
Net loss per share of voting and non-voting common stock, diluted	$ (0.73)	$ (0.56)	$ (1.44)	$ (1.07)

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

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Cabaletta Bio, Inc. 10-Q