For the quarter ending 2026-03-31, SEPN had -$49,117K decrease in cash & cash equivalents over the period. -$26,465K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenue | 26,523 | - | - | - |
| Total operating expenses | 39,823 | - | - | - |
| Loss from operations | -13,300 | - | - | - |
| Other income, net | 5,000 | - | - | - |
| Loss before provision for income taxes | -8,300 | - | - | - |
| Provision for income taxes | 337 | - | - | - |
| Net loss | -8,637 | -10,738 | 8,173 | -46,314 |
| Depreciation and amortization | 421 | 401 | 401 | 802 |
| Gain on sale of non-financial asset | - | 0 | 12,500 | - |
| Non-cash operating lease expense | 566 | 539 | 525 | 1,039 |
| Stock-based compensation | 6,015 | 2,656 | 2,532 | 3,288 |
| Accretion of discounts, net | 755 | 887 | 621 | 1,940 |
| Deferred income tax | - | 0 | - | - |
| Other | -3 | -30 | -29 | 3 |
| Prepaid expenses and other current assets | 294 | 825 | 1,252 | 1,704 |
| Accounts receivable | 486 | 1,711 | 8,494 | -20 |
| Other non-current assets | -43 | 316 | 205 | 33 |
| Accounts payable | -2,302 | 6,073 | -2,851 | 3,381 |
| Accrued expenses and other current liabilities | -3,533 | 4,339 | 1,281 | -1,261 |
| Deferred revenue | -16,239 | -14,064 | 182,250 | - |
| Operating lease, net | -535 | -485 | -461 | -905 |
| Other non-current liabilities | 100 | - | - | - |
| Net cash used in operating activities | -25,633 | -14,988 | 168,807 | -43,630 |
| Purchases of property and equipment | 832 | 65 | 13 | 440 |
| Proceeds from sale of non-financial asset | - | 0 | 12,500 | - |
| Purchases of available-for-sale marketable securities | - | 450,950 | - | - |
| Purchases of marketable securities | -118,285 | - | 109,955 | 113,560 |
| Maturities of available-for-sale marketable securities | - | 209,616 | - | - |
| Maturities of marketable securities | -85,171 | - | 59,076 | 108,340 |
| Net cash used in investing activities | -23,817 | -185,300 | -38,392 | -5,660 |
| Proceeds from initial public offering, net of offering costs | - | 0 | - | - |
| Proceeds from issuance of series b convertible preferred stock, net of issuance costs | - | 0 | - | - |
| Repurchases of unvested restricted common stock | - | 0 | 1 | - |
| Proceeds from exercise of stock options | 333 | 304 | 264 | 405 |
| Proceeds from employee stock purchase plan | - | 717 | - | - |
| Net cash provided by financing activities | 333 | 1,021 | 263 | 405 |
| Net decrease in cash, cash equivalents and restricted cash | -49,117 | -199,267 | 130,678 | -48,885 |
| Cash, cash equivalents and restricted cash, beginning of period | 121,627 | 320,894 | 239,101 | - |
| Cash, cash equivalents and restricted cash, end of period | 72,510 | 121,627 | 320,894 | - |
Septerna, Inc. (SEPN)
Septerna, Inc. (SEPN)