Septerna, Inc.
For the period ended Mar 31, 2025. Filed May 15, 2025.
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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$52.34+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(21,476) | $(14,166) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 397 | 316 |
| Non-cash operating lease expense | 516 | 243 |
| Stock-based compensation | 1,482 | 577 |
| Accretion of premiums (discounts), net | (965) | (72) |
| Deferred income tax | — | (93) |
| Other | (11) | 13 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (488) | (1,361) |
| Accounts receivable | (79) | (240) |
| Other non-current assets | (9) | (24) |
| Accounts payable | 1,186 | (143) |
| Accrued expenses and other current liabilities | (3,446) | (1,617) |
| Operating lease, net | (450) | (144) |
| Net cash used in operating activities | (23,343) | (16,711) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (382) | (764) |
| Proceeds from sale of non-financial asset | — | 22,625 |
| Purchases of marketable securities | (49,715) | (12,293) |
| Maturities of marketable securities | 45,223 | — |
| Net cash (used in) provided by investing activities | (4,874) | 9,568 |
| Cash flows from financing activities: | ||
| Repurchases of unvested restricted common stock | — | (1) |
| Proceeds from exercise of stock options | 66 | 1 |
| Net cash provided by financing activities | 66 | — |
| Net decrease in cash, cash equivalents and restricted cash | (28,151) | (7,143) |
| Cash, cash equivalents and restricted cash, beginning of period | 239,101 | 89,388 |
| Cash, cash equivalents and restricted cash, end of period | $210,950 | $82,245 |
Cash, Cash Equivalents and Restricted Cash:
| As of March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash and cash equivalents | $210,045 | $81,340 |
| Restricted cash | 905 | 905 |
| Total cash, cash equivalents and restricted cash at end of period | $210,950 | $82,245 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.