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
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Condensed Statements of Operations and Comprehensive Loss
(In thousands, except for share and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $219 | $317 |
| Operating expenses: | ||
| Research and development | 19,271 | 13,153 |
| General and administrative | 6,858 | 2,654 |
| Total operating expenses | 26,129 | 15,807 |
| Loss from operations | (25,910) | (15,490) |
| Other income, net: | ||
| Interest income | 4,462 | 1,279 |
| Other expense, net | (28) | (48) |
| Total other income, net | 4,434 | 1,231 |
| Loss before benefit for income taxes | (21,476) | (14,259) |
| Benefit for income taxes | — | 93 |
| Net loss attributable to common stockholders | $(21,476) | $(14,166) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.49) | $(6.35) |
| Weighted-average shares outstanding, basic and diluted | 43,937,410 | 2,232,246 |
| Comprehensive loss: | ||
| Net loss | $(21,476) | $(14,166) |
| Net unrealized gain (loss) on marketable securities | 142 | (7) |
| Total other comprehensive income (loss) | 142 | (7) |
| Comprehensive loss | $(21,334) | $(14,173) |
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