Septerna, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 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.
Sep 30, 2026 · Filed Nov 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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Condensed Balance Sheets
(In thousands, except for share and per share data)
| September 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $167,124 | $120,722 |
| Marketable securities | 311,477 | 270,367 |
| Accounts receivable | 18,884 | 10,356 |
| Prepaid expenses and other current assets | 9,864 | 9,519 |
| Total current assets | 507,349 | 410,964 |
| Marketable securities, non-current | 86,587 | 157,569 |
| Property and equipment, net | 3,830 | 4,434 |
| Operating lease right-of-use assets | 19,776 | 21,499 |
| Restricted cash | 905 | 905 |
| Other non-current assets | 957 | 816 |
| Total assets | $619,404 | $596,187 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $6,963 | $10,283 |
| Accrued expenses and other current liabilities | 19,432 | 12,167 |
| Deferred revenue, current | 75,956 | 62,269 |
| Operating lease liabilities, current | 2,512 | 2,212 |
| Total current liabilities | 104,863 | 86,931 |
| Deferred revenue, non-current | 65,578 | 105,917 |
| Operating lease liabilities, non-current | 19,481 | 21,413 |
| Other non-current liabilities | 1,553 | — |
| Total liabilities | 191,475 | 214,261 |
| Commitments and contingencies (Note 5) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value per share; 10,000,000 shares authorized as of September 30, 2026 and December 31, 2025; no shares issued and outstanding as of September 30, 2026 and December 31, 2025 | — | — |
| Common stock, $0.001 par value per share, 500,000,000 shares authorized at September 30, 2026 and December 31, 2025; 47,410,808 and 44,806,272 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively; 690 and 131,224 shares subject to repurchase as of September 30, 2026 and December 31, 2025, respectively | 47 | 45 |
| Additional paid-in capital | 645,441 | 548,517 |
| Accumulated other comprehensive (loss) income | (2,045) | 617 |
| Accumulated deficit | (215,514) | (167,253) |
| Total stockholders' equity | 427,929 | 381,926 |
| Total liabilities and stockholders' equity | $619,404 | $596,187 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.