Septerna, Inc.
For the period ended Dec 31, 2025. Filed Mar 9, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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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Statements of Operations and Comprehensive Loss
(In thousands, except for share and per share data)
| Years Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $45,951 | $1,075 |
| Operating expenses: | ||
| Research and development | 97,584 | 65,337 |
| General and administrative | 29,164 | 16,561 |
| Gain on sale of non-financial asset | (12,500) | — |
| Total operating expenses | 114,248 | 81,898 |
| Loss from operations | (68,297) | (80,823) |
| Other income, net: | ||
| Interest income | 19,530 | 8,617 |
| Other expense, net | (100) | (90) |
| Total other income, net | 19,430 | 8,527 |
| Loss before provision (benefit) for income taxes | (48,867) | (72,296) |
| Provision (benefit) for income taxes | 12 | (498) |
| Net loss | $(48,879) | $(71,798) |
| Net loss per share, basic and diluted | (1.10) | (7.26) |
| Weighted-average shares outstanding, basic and diluted | 44,258,338 | 9,891,126 |
| Comprehensive loss: | ||
| Net loss | $(48,879) | $(71,798) |
| Net unrealized gain on marketable securities | 561 | 56 |
| Total other comprehensive income | 561 | 56 |
| Comprehensive loss | $(48,318) | $(71,742) |
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