Cogent Biosciences, Inc.
For the period ended Jun 30, 2025. Filed Aug 5, 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.
Jun 30, 2025 · Filed Aug 5, 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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Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Operating expenses: | ||||
| Research and development | $62,203 | $54,294 | $125,232 | $106,999 |
| General and administrative | 13,379 | 10,093 | 25,283 | 19,792 |
| Total operating expenses | 75,582 | 64,387 | 150,515 | 126,791 |
| Loss from operations | (75,582) | (64,387) | (150,515) | (126,791) |
| Other income: | ||||
| Interest income | 2,373 | 5,393 | 5,325 | 9,450 |
| Interest expense | (314) | — | (314) | — |
| Other income (expense), net | (6) | 44 | (11) | 43 |
| Total other income, net | 2,053 | 5,437 | 5,000 | 9,493 |
| Net loss | $(73,529) | $(58,950) | $(145,515) | $(117,298) |
| Net loss per share, basic and diluted, Series A non-voting convertible preferred stock | $(132.95) | $(107.98) | $(263.08) | $(228.63) |
| Weighted average Series A non-voting convertible preferred stock outstanding, basic and diluted | 67,686 | 74,465 | 67,788 | 74,465 |
| Net loss per share, basic and diluted, Series B non-voting convertible preferred stock | $(531.89) | $(431.93) | $(1,052.27) | $(914.46) |
| Weighted average Series B non-voting convertible preferred stock outstanding, basic and diluted | 6,868 | 18,621 | 6,868 | 12,626 |
| Net loss per share, basic and diluted, common stock | $(0.53) | $(0.43) | $(1.05) | $(0.91) |
| Weighted average common stock outstanding, basic and diluted | 114,466,080 | 99,240,030 | 114,463,810 | 97,022,345 |
| Comprehensive loss: | ||||
| Net loss | $(73,529) | $(58,950) | $(145,515) | $(117,298) |
| Other comprehensive loss: | ||||
| Net unrealized losses on marketable securities | (151) | (153) | (434) | (438) |
| Total other comprehensive loss | (151) | (153) | (434) | (438) |
| Comprehensive loss | $(73,680) | $(59,103) | $(145,949) | $(117,736) |
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