Septerna, Inc.
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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, 2026 · Filed May 11, 2026
SEPN$48.85+3.2%Stored close · as of Nov 6, 2026
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Condensed Balance Sheets
(In thousands, except for share and per share data)
| March 31, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $71,605 | $120,722 |
| Marketable securities | 275,796 | 270,367 |
| Accounts receivable | 10,842 | 10,356 |
| Prepaid expenses and other current assets | 9,815 | 9,519 |
| Total current assets | 368,058 | 410,964 |
| Marketable securities, non-current | 174,691 | 157,569 |
| Property and equipment, net | 4,328 | 4,434 |
| Operating lease right-of-use assets | 20,933 | 21,499 |
| Restricted cash | 905 | 905 |
| Other non-current assets | 773 | 816 |
| Total assets | $569,688 | $596,187 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $7,464 | $10,283 |
| Accrued expenses and other current liabilities | 8,629 | 12,167 |
| Deferred revenue, current | 59,763 | 62,269 |
| Operating lease liabilities, current | 2,309 | 2,212 |
| Total current liabilities | 78,165 | 86,931 |
| Deferred revenue, non-current | 92,184 | 105,917 |
| Operating lease liabilities, non-current | 20,781 | 21,413 |
| Other non-current liabilities | 100 | — |
| Total liabilities | 191,230 | 214,261 |
| Commitments and contingencies (Note 5) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value per share; 10,000,000 shares authorized as of March 31, 2026 and December 31, 2025; no shares issued and outstanding as of March 31, 2026 and December 31, 2025 | — | — |
| Common stock, $0.001 par value per share, 500,000,000 shares authorized at March 31, 2026 and December 31, 2025; 44,916,572 and 44,806,272 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively; 75,247 and 131,224 shares subject to repurchase as of March 31, 2026 and December 31, 2025, respectively | 45 | 45 |
| Additional paid-in capital | 554,872 | 548,517 |
| Accumulated other comprehensive (loss) income | (569) | 617 |
| Accumulated deficit | (175,890) | (167,253) |
| Total stockholders' equity | 378,458 | 381,926 |
| Total liabilities and stockholders' equity | $569,688 | $596,187 |
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