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$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) Income
(In thousands, except for share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | $18,881 | $21,495 | $72,150 | $21,833 |
| Operating expenses (income): | ||||
| Research and development | 36,556 | 24,264 | 101,223 | 65,723 |
| General and administrative | 9,554 | 7,117 | 28,292 | 20,884 |
| Gain on sale of non-financial asset | — | (12,500) | — | (12,500) |
| Total operating expenses | 46,110 | 18,881 | 129,515 | 74,107 |
| (Loss) income from operations | (27,229) | 2,614 | (57,365) | (52,274) |
| Other income, net: | ||||
| Interest income | 5,272 | 5,565 | 15,101 | 14,192 |
| Other expense, net | (12) | (6) | (66) | (59) |
| Total other income, net | 5,260 | 5,559 | 15,035 | 14,133 |
| (Loss) income before provision for income taxes | (21,969) | 8,173 | (42,330) | (38,141) |
| Provision for income taxes | (4,621) | — | (5,931) | — |
| Net (loss) income | $(26,590) | $8,173 | $(48,261) | $(38,141) |
| Net (loss) income per share: | ||||
| Basic | $(0.57) | $0.18 | $(1.06) | $(0.86) |
| Diluted | $(0.57) | $0.18 | $(1.06) | $(0.86) |
| Weighted-average shares outstanding used in computing net (loss) income per share: | ||||
| Basic | 46,914,946 | 44,343,085 | 45,579,174 | 44,150,041 |
| Diluted | 46,914,946 | 45,602,099 | 45,579,174 | 44,150,041 |
| Comprehensive (loss) income: | ||||
| Net (loss) income | $(26,590) | $8,173 | $(48,261) | $(38,141) |
| Net unrealized (loss) gain on marketable securities | (783) | 199 | (2,662) | 319 |
| Total other comprehensive (loss) income | (783) | 199 | (2,662) | 319 |
| Comprehensive (loss) income | $(27,373) | $8,372 | $(50,923) | $(37,822) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.