SEPN: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, SEPN has $606,653K in assets. $217,922K in debts. $319,989K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	319,989	189,311
Marketable securities	154,357	137,250
Accounts receivable	8,645	151
Prepaid expenses and other current assets	8,690	7,429
Total current assets	491,681	334,141
Marketable securities, non-current	87,212	52,633
Total property and equipment	8,376	-
Less accumulated depreciation and amortization	4,060	-
Property and equipment, net	4,316	4,688
Operating lease right-of-use assets	22,038	22,564
Restricted cash	905	905
Other non-current assets	501	300
Total assets	606,653	415,231

Accounts payable	3,729	6,544
Accrued expenses and other current liabilities	7,833	6,557
Operating lease liabilities, current	2,117	2,026
Deferred revenue, current	61,603	-
Total current liabilities	75,282	15,127
Operating lease liabilities, non-current	21,993	22,545
Deferred revenue, non-current	120,647	-
Other non-current liabilities	0	2
Total liabilities	217,922	37,674
Common stock, 0.001 par value per share, 500,000,000 shares authorized at september 30, 2025 and december 31, 2024 44,638,703 and 44,422,505 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively 228,020 and 576,829 shares subject to repurchase as of september 30, 2025 and december 31, 2024, respectively	45	45
Additional paid-in capital	544,826	542,024
Accumulated other comprehensive income	375	176
Accumulated deficit	-156,515	-164,688
Total stockholders' equity	388,731	377,557
Total liabilities and stockholders' equity	606,653	415,231

Unit: Thousand (K) dollars