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$52.34+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Operations and Comprehensive Loss
(In thousands, except for share and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue | $26,523 | $219 |
| Operating expenses: | ||
| Research and development | 29,535 | 19,271 |
| General and administrative | 10,288 | 6,858 |
| Total operating expenses | 39,823 | 26,129 |
| Loss from operations | (13,300) | (25,910) |
| Other income, net: | ||
| Interest income | 5,031 | 4,462 |
| Other expense, net | (31) | (28) |
| Total other income, net | 5,000 | 4,434 |
| Loss before provision for income taxes | (8,300) | (21,476) |
| Provision for income taxes | (337) | — |
| Net loss attributable to common stockholders | $(8,637) | $(21,476) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.19) | $(0.49) |
| Weighted-average shares outstanding, basic and diluted | 44,758,800 | 43,937,410 |
| Comprehensive loss: | ||
| Net loss | $(8,637) | $(21,476) |
| Net unrealized (loss) gain on marketable securities | (1,186) | 142 |
| Total other comprehensive (loss) income | (1,186) | 142 |
| Comprehensive loss | $(9,823) | $(21,334) |
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