Septerna, Inc.
For the period ended Mar 31, 2025. Filed May 15, 2025.
View on SEC.govAbout 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.
Mar 31, 2025 · Filed May 15, 2025
SEPN$48.85+3.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Balance Sheets
(In thousands, except for share and per share data)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $210,045 | $238,196 |
| Marketable securities | 125,960 | 112,727 |
| Accounts receivable | 250 | 171 |
| Prepaid expenses and other current assets | 6,214 | 5,730 |
| Total current assets | 342,469 | 356,824 |
| Marketable securities, non-current | 62,242 | 69,866 |
| Property and equipment, net | 5,042 | 5,090 |
| Operating lease right-of-use assets | 23,085 | 23,602 |
| Restricted cash | 905 | 905 |
| Other non-current assets | 277 | 267 |
| Total assets | $434,020 | $456,554 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $4,349 | $3,200 |
| Accrued expenses and other current liabilities | 4,352 | 7,798 |
| Operating lease liabilities, current | 1,937 | 1,851 |
| Total current liabilities | 10,638 | 12,849 |
| Operating lease liabilities, non-current | 23,089 | 23,625 |
| Other non-current liabilities | 27 | 33 |
| Total liabilities | 33,754 | 36,507 |
| Commitments and contingencies (Note 5) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value per share; 10,000,000 shares authorized as of March 31, 2025 and December 31, 2024; no shares issued and outstanding as of March 31, 2025 and December 31, 2024 | — | — |
| Common stock, $0.001 par value per share, 500,000,000 shares authorized at March 31, 2025 and December 31, 2024; 44,448,435 and 44,422,505 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively; 457,099 and 576,829 shares subject to repurchase as of March 31, 2025 and December 31, 2024, respectively | 44 | 44 |
| Additional paid-in capital | 539,874 | 538,321 |
| Accumulated other comprehensive income | 198 | 56 |
| Accumulated deficit | (139,850) | (118,374) |
| Total stockholders' equity | 400,266 | 420,047 |
| Total liabilities and stockholders' equity | $434,020 | $456,554 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.