Septerna, Inc. income statement
In fiscal 2025, Septerna, Inc. reported revenue of $46.0m, up 4174.5% on the year before, operating income of −$68.3m (a -148.6% margin) and net income of −$48.9m, or −$1.10 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 0 | 1 | 46 | 99 |
| Research and development | 36 | 65 | 98 | 121 |
| General and administrative | 10 | 17 | 29 | 34 |
| Operating income | 2 | −81 | −68 | −44 |
| Income before tax | −49 | −72 | −49 | −23 |
| Income tax | 1 | −0 | 0 | 1 |
| Net income | 4 | −72 | −49 | −24 |
| Diluted EPS | $0.29 | −$7.26 | −$1.10 | −$0.54 |
| Diluted shares (average) | 2m | 10m | 44m | 45m |
| EBITDA | 3 | −79 | −67 | −42 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 21 | 24 | 27 | 27 |
| Research and development | 18 | 19 | 19 | 22 | 24 | 32 | 30 | 35 |
| General and administrative | 5 | 6 | 7 | 7 | 7 | 8 | 10 | 8 |
| Operating income | −23 | −25 | −26 | −29 | 3 | −16 | −13 | −17 |
| Income before tax | −21 | −21 | −21 | −25 | 8 | −11 | −8 | −12 |
| Income tax | −0 | −0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Net income | −21 | −21 | −21 | −25 | 8 | −11 | −9 | −13 |
| Diluted EPS | −$8.40 | $14.61 | −$0.49 | −$0.56 | $0.18 | −$0.24 | −$0.19 | −$0.29 |
| EBITDA | −22 | −24 | −26 | −29 | 3 | −16 | −13 | −16 |
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