Septerna (SEPN) financial statements
Septerna reported revenue of $46M in fiscal 2025, up 1644.5% a year over 2 years.
Net income was -$49M and the operating margin -148.6%, against 1374.2% in 2023.
Free cash flow was $110M.
The diluted share count rose 1933% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Septerna's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $151,000 | $1M | $46M |
| Research and development | $36M | $65M | $98M |
| Selling, general and admin | $10M | $17M | $29M |
| Operating income | $2M | -$81M | -$68M |
| Pre-tax income | -$49M | -$72M | -$49M |
| Income tax | $691,000 | -$498,000 | $12,000 |
| Net income | $4M | -$72M | -$49M |
| EPS (diluted) | $0.29 | -$7.26 | -$1.10 |
| Diluted shares | 2M | 10M | 44M |
| Operating margin | 1374.2% | -7518.4% | -148.6% |
| Net margin | 2768.2% | -6678.9% | -106.4% |
Balance sheet
Fiscal years, from Septerna's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $88M | $351M | $391M |
| Receivables | $151,000 | $171,000 | $10M |
| Total current assets | $113M | $357M | $411M |
| Property, plant and equipment | $5M | $5M | $4M |
| Total assets | $131M | $457M | $596M |
| Total current liabilities | $7M | $13M | $87M |
| Total liabilities | $20M | $37M | $214M |
| Shareholders' equity | -$38M | $420M | $382M |
| Net debt | -$88M | -$238M | -$121M |
Cash flow
Fiscal years, from Septerna's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | -$39M | -$67M | $110M |
| Capital spending | $3M | $2M | $518,000 |
| Free cash flow | -$42M | -$70M | $110M |
| Stock-based compensation | $2M | $3M | $8M |
| Free cash flow margin | -27550.3% | -6471.9% | 238.7% |
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What was Septerna's revenue in 2025?
$46M in fiscal 2025, from its 10-K filing.
How much free cash flow does Septerna generate?
$110M in fiscal 2025 (operating cash flow minus capital spending).
From Septerna's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.