Septerna, Inc.
For the period ended Dec 31, 2025. Filed Mar 9, 2026.
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FY2025 · Filed Mar 9, 2026
SEPN$50.74+3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
(In thousands, except for share and per share data)
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $120,722 | $238,196 |
| Marketable securities | 270,367 | 112,727 |
| Accounts receivable | 10,356 | 171 |
| Prepaid expenses and other current assets | 9,519 | 5,730 |
| Total current assets | 410,964 | 356,824 |
| Marketable securities, non-current | 157,569 | 69,866 |
| Property and equipment, net | 4,434 | 5,090 |
| Operating lease right-of-use assets | 21,499 | 23,602 |
| Restricted cash | 905 | 905 |
| Other non-current assets | 816 | 267 |
| Total assets | $596,187 | $456,554 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $10,283 | $3,200 |
| Accrued expenses and other current liabilities | 12,167 | 7,798 |
| Deferred revenue, current | 62,269 | — |
| Operating lease liabilities, current | 2,212 | 1,851 |
| Total current liabilities | 86,931 | 12,849 |
| Deferred revenue, non-current | 105,917 | — |
| Operating lease liabilities, non-current | 21,413 | 23,625 |
| Other non-current liabilities | — | 33 |
| Total liabilities | 214,261 | 36,507 |
| Commitments and contingencies (Note 7) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized as of December 31, 2025 and December 31, 2024; no shares issued and outstanding as of December 31, 2025 and December 31, 2024 | — | — |
| Common stock, $0.001 par value per share, 500,000,000 shares authorized at December 31, 2025 and December 31, 2024; 44,806,272 and 44,422,505 shares issued and outstanding at December 31, 2025 and December 31, 2024 respectively; 131,224 and 576,829 shares subject to repurchase as of December 31, 2025 and December 31, 2024, respectively | 45 | 44 |
| Additional paid-in capital | 548,517 | 538,321 |
| Accumulated other comprehensive income | 617 | 56 |
| Accumulated deficit | (167,253) | (118,374) |
| Total stockholders' equity | 381,926 | 420,047 |
| Total liabilities and stockholders' equity | $596,187 | $456,554 |
SEPTERNA, INC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.