Septerna Inc

For the period ended Sep 30, 2024. Filed Nov 20, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 20, 2024

SEPN$48.85+3.2%Stored close · as of Nov 6, 2026

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Contents

Condensed Balance Sheets

	September 30,	December 31,
	2024	2023
Assets
Current assets:
Cash and cash equivalents	$88,242	$88,483
Marketable securities	42,291	—
Accounts receivable	210	151
Other receivable related to sale of non-financial asset	—	22,625
Prepaid expenses and other current assets	2,668	1,419
Total current assets	133,411	112,678
Marketable securities, non-current	6,979	—
Property and equipment, net	5,412	4,665
Operating lease right-of-use asset	24,095	12,522
Restricted cash	905	905
Other non-current assets	3,479	97
Total assets	$174,281	$130,867
Liabilities, Convertible Preferred Stock and Stockholders' Deficit
Current liabilities:
Accounts payable	$6,128	$2,637
Accrued expenses and other current liabilities	5,987	4,277
Operating lease liability, current	1,116	—
Total current liabilities	13,231	6,914
Operating lease liability, non-current	24,110	12,566
Other non-current liabilities	191	546
Total liabilities	37,532	20,026
Commitments and contingencies (Note 5)
Convertible preferred stock	224,157	149,215
Stockholders' deficit:
Common stock	3	3
Additional paid-in capital	10,119	8,199
Accumulated other comprehensive income	176	—
Accumulated deficit	(97,706)	(46,576)
Total stockholders' deficit	(87,408)	(38,374)
Total liabilities, convertible preferred stock and stockholders' deficit	$174,281	$130,867

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.