Septerna, Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 27, 2025
SEPN$50.74+3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
(In thousands)
| Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net (loss) income | $(71,798) | $4,180 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Depreciation and amortization | 1,401 | 848 |
| Gain on sale of non-financial asset | — | (47,625) |
| Non-cash operating lease expense | 1,383 | 807 |
| Stock-based compensation | 3,152 | 1,620 |
| Accretion of premiums (discounts), net | (1,410) | — |
| Deferred income tax | (491) | 491 |
| Other | 45 | 30 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (4,297) | (136) |
| Accounts receivable | (20) | (151) |
| Other non-current assets | (170) | 165 |
| Accounts payable | 723 | (653) |
| Accrued expenses and other current liabilities | 3,564 | 2,471 |
| Operating leases, net | 448 | (770) |
| Net cash used in operating activities | (67,470) | (38,723) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (2,103) | (2,878) |
| Proceeds from sale of non-financial asset | 22,625 | 25,000 |
| Purchases of marketable securities | (213,390) | — |
| Maturities of marketable securities | 32,270 | — |
| Net cash (used in) provided by investing activities | (160,598) | 22,122 |
| Cash flows from financing activities: | ||
| Proceeds from Initial Public Offering, net of offering costs | 302,788 | — |
| Proceeds from issuance of Series B Convertible Preferred stock, net of issuance costs | 74,942 | 74,521 |
| Repurchases of unvested restricted common stock | (1) | (1) |
| Proceeds from exercise of stock options | 52 | — |
| Net cash provided by financing activities | 377,781 | 74,520 |
| Net increase in cash, cash equivalents and restricted cash | 149,713 | 57,919 |
| Cash, cash equivalents and restricted cash, beginning of year | 89,388 | 31,469 |
| Cash, cash equivalents and restricted cash, end of year | $239,101 | $89,388 |
| Supplemental cash flow information: | ||
| Cash paid for income taxes | $232 | $75 |
| Supplemental disclosure for noncash investing and financing activities: | ||
| Right-of-use asset recognized in exchange for operating lease liability | $12,462 | $12,579 |
| Other receivable related to sale of non-financial asset | $— | $22,625 |
| Conversion of convertible preferred stock to common stock upon initial public offering | $224,157 | $— |
| Unpaid offering costs included in accounts payable | $21 | $— |
| Property and equipment included in accounts payable and accrued expenses and other current liabilities | $37 | $262 |
Cash, Cash Equivalents and Restricted Cash:
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash and cash equivalents | $238,196 | $88,483 |
| Restricted cash | 905 | 905 |
| Total cash, cash equivalents and restricted cash at end of year | $239,101 | $89,388 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.