---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-138222"
form_type: "8-K"
ticker: null
cik: "0001850266"
company_name: "Akili, Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:14:46.568390+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Akili reports Q1 revenue of $383K; prepays SVB debt; evaluating strategic alternatives

## Summary
- Total revenues $383K in Q1 2024 vs $749K in Q4 2023, driven by reduced EndeavorOTC advertising spend.
- GAAP net loss $9.8M in Q1 2024; cash and equivalents $63.2M as of March 31, 2024.
- On May 8, 2024, voluntarily prepaid all debt under SVB loan agreement; no outstanding debt remaining.
- Board evaluating strategic alternatives to maximize shareholder value, in parallel with restructuring and workforce reduction.
- No longer reporting commercial metrics for EndeavorOTC; focus on supporting Shionogi agreement and existing customers.

## SEC filing metadata
- accession: 0001193125-24-138222
- form_type: 8-K
- cik: 0001850266
- company_name: Akili, Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1850266/000119312524138222/0001193125-24-138222-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1850266/000119312524138222/d825820d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-138222
- JSON: https://secwatch.observer/filing/0001193125-24-138222.json
- Plain text: https://secwatch.observer/filing/0001193125-24-138222.txt

## Key facts
- Earnings Releases
  Akili, Inc. reported the quarter ended March 31, 2024 results: revenue $383 thousand, net income GAAP net loss was $9.8 million.
  - Period: the quarter ended March 31, 2024
  - Revenue: $383 thousand
  - Net income: GAAP net loss was $9.8 million
  - Result: reported results
  source text: and cash equivalents as of March 31, 2024 were $63.2 million compared to $75.2 million as of December 31, 2023. ● Revenues: Total revenues for the first quarter of 2024 were $383 thousand compared to $749 thousand for the fourth quarter of 2023, primarily due to reduced EndeavorOTC advertising spend. ● Total Operating Expenses: GAAP total operating expenses were
  evidence_url: https://www.sec.gov/Archives/edgar/data/1850266/000119312524138222/0001193125-24-138222-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.