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Septerna, Inc.

For the period ended Sep 30, 2025. Filed Nov 10, 2025.

View on SEC.gov

About 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.

Sep 30, 2025 · Filed Nov 10, 2025

SEPN$48.85+3.2%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Condensed Balance Sheets

(In thousands, except for share and per share data)

September 30,December 31,
20252024
Assets
Current assets:
Cash and cash equivalents$319,989$238,196
Marketable securities154,357112,727
Accounts receivable8,645171
Prepaid expenses and other current assets8,6905,730
Total current assets491,681356,824
Marketable securities, non-current87,21269,866
Property and equipment, net4,3165,090
Operating lease right-of-use assets22,03823,602
Restricted cash905905
Other non-current assets501267
Total assets$606,653$456,554
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable$3,729$3,200
Accrued expenses and other current liabilities7,8337,798
Operating lease liabilities, current2,1171,851
Deferred revenue, current61,603—
Total current liabilities75,28212,849
Operating lease liabilities, non-current21,99323,625
Deferred revenue, non-current120,647—
Other non-current liabilities—33
Total liabilities217,92236,507
Commitments and contingencies (Note 5)
Stockholders' equity:
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized as of September 30, 2025 and December 31, 2024; no shares issued and outstanding as of September 30, 2025 and December 31, 2024——
Common stock, $0.001 par value per share, 500,000,000 shares authorized at September 30, 2025 and December 31, 2024; 44,638,703 and 44,422,505 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively; 228,020 and 576,829 shares subject to repurchase as of September 30, 2025 and December 31, 2024, respectively4544
Additional paid-in capital544,826538,321
Accumulated other comprehensive income37556
Accumulated deficit(156,515)(118,374)
Total stockholders' equity388,731420,047
Total liabilities and stockholders' equity$606,653$456,554
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.