Cogent Biosciences Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
COGT$31.64-5.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating expenses: | |||
| Research and development | $232,658 | $173,755 | $121,627 |
| General and administrative | 43,281 | 34,375 | 26,212 |
| Total operating expenses | 275,939 | 208,130 | 147,839 |
| Loss from operations | (275,939) | (208,130) | (147,839) |
| Other income: | |||
| Interest income | 18,088 | 13,077 | 3,989 |
| Other income, net | 1,992 | 943 | 2,249 |
| Change in fair value of CVR liability | — | 1,700 | 1,360 |
| Total other income, net | 20,080 | 15,720 | 7,598 |
| Net loss | $(255,859) | $(192,410) | $(140,241) |
| Net loss per share, basic and diluted, Series A non-voting convertible preferred stock | $(484.85) | $(486.23) | $(431.83) |
| Weighted average Series A non-voting convertible preferred stock outstanding, basic and diluted | 73,350 | 77,085 | 89,807 |
| Net loss per share, basic and diluted, Series B non-voting convertible preferred stock | $(1,939.47) | $— | $— |
| Weighted average Series B non-voting convertible preferred stock outstanding, basic and diluted | 9,731 | — | — |
| Net loss per share, basic and diluted, common stock | $(1.94) | $(1.94) | $(1.73) |
| Weighted average common stock outstanding, basic and diluted | 103,856,611 | 79,657,942 | 58,739,713 |
| Comprehensive loss: | |||
| Net loss | $(255,859) | $(192,410) | $(140,241) |
| Other comprehensive income (loss): | |||
| Net unrealized gains (losses) on marketable securities | 201 | 350 | (104) |
| Total other comprehensive income (loss) | 201 | 350 | (104) |
| Comprehensive loss | $(255,658) | $(192,060) | $(140,345) |
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