Septerna, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.7M | $26.5M | $24.1M | $21.5M | $119.0K | $219.0K | $212.0K | $176.0K |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $35.1M | $29.5M | $31.9M | $24.3M | $22.2M | $19.3M | $19.3M | $17.8M |
| SG&A Expense | $8.5M | $10.3M | $8.3M | $7.1M | $6.9M | $6.9M | $5.6M | $4.9M |
| Operating Income | $-16.8M | $-13.3M | $-16.0M | $2.6M | $-29.0M | $-25.9M | $-24.7M | $-22.6M |
| Operating Margin | -62.9% | -50.1% | -66.4% | 12.2% | -24,351.3% | -11,831.1% | -11,659.4% | -12,812.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-12.1M | $-8.3M | $-10.7M | $8.2M | $-24.8M | $-21.5M | $-20.8M | $-20.7M |
| Income Tax Expense | $973.0K | $337.0K | $12.0K | $0 | $0 | $0 | $-564.0K | $-136.0K |
| Net Income | $-13.0M | $-8.6M | $-10.7M | $8.2M | $-24.8M | $-21.5M | $-20.7M | $-20.5M |
| Net Margin | -48.7% | -32.6% | -44.5% | 38.0% | -20,872.3% | -9,806.4% | -9,749.1% | -11,660.8% |
| EPS (Basic) | $-0.29 | $-0.19 | $-0.23 | $0.05 | $-0.56 | $-0.49 | $14.52 | $-2.10 |
| EPS (Diluted) | $-0.29 | $-0.19 | $-0.23 | $0.05 | $-0.56 | $-0.49 | $14.52 | $-2.10 |
| Shares Outstanding (Basic) | 45.0M | 44.8M | 44.3M | 177.4M | 44.2M | 43.9M | 9.9M | 9.8M |
| Shares Outstanding (Diluted) | 45.0M | 44.8M | 44.3M | 182.4M | 44.2M | 43.9M | 9.9M | 9.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |