Septerna, Inc. (SEPN) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

Swipe to see the full flow
Septerna, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Proceeds from at-the-market offering, net of commissions → financing reconciliation: $13,782,000.00Proceeds from exercise of stock options → financing reconciliation: $2,084,000.00Proceeds from employee stock purchase plan → financing reconciliation: $958,000.00financing reconciliation → Net cash from financing activities: $16,824,000.00Maturities of marketable securities → investing reconciliation: $65,977,000.00investing reconciliation → Net cash from investing activities: $18,412,000.00investing reconciliation → Purchases of marketable securities: $47,565,000.00Net cash used in operating activities → operating reconciliation: $22,179,000.00Stock-based compensation → operating reconciliation: $5,074,000.00Accrued expenses and other current liabilities → operating reconciliation: $3,958,000.00Non-cash operating lease expense → operating reconciliation: $575,000.00Depreciation and amortization → operating reconciliation: $427,000.00Other non-current liabilities → operating reconciliation: $421,000.00operating reconciliation → Net loss: $13,034,000.00operating reconciliation → Deferred revenue: $11,550,000.00operating reconciliation → Accounts payable: $3,495,000.00operating reconciliation → Prepaid expenses and other current assets: $1,766,000.00operating reconciliation → Accounts receivable: $1,318,000.00operating reconciliation → Operating lease, net: $545,000.00operating reconciliation → Accretion of discounts, net: $462,000.00operating reconciliation → Other non-current assets: $457,000.00operating reconciliation → Other: $7,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $72,510,000.00Net cash from financing activities → Cash sources and uses: $16,824,000.00Net cash from investing activities → Cash sources and uses: $18,412,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $85,567,000.00Cash sources and uses → Net cash used in operating activities: $22,179,000.00Net loss: -$13,034,000.00Net loss−$13.03 MStock-based compensation: $5,074,000.00Stock-based compensation+$5.07 MNon-cash operating lease expense: $575,000.00Non-cash lease expense+$575.00 KDepreciation and amortization: $427,000.00Depreciation & amortization+$427.00 KAccretion of discounts, net: -$462,000.00Investment discount & premium−$462.00 KOther non-current liabilities: $421,000.00Other noncurrent liabilities+$421.00 KDeferred revenue: -$11,550,000.00Deferred revenue−$11.55 MOther: -$7,000.00Other non-cash items−$7.00 KAccounts receivable: -$1,318,000.00Accounts receivable−$1.32 MOperating lease, net: -$545,000.00Operating lease liabilities−$545.00 KPrepaid expenses and other current assets: -$1,766,000.00Prepaid & other assets−$1.77 MOther non-current assets: -$457,000.00Other operating assets−$457.00 KAccounts payable: -$3,495,000.00Accounts payable−$3.50 MAccrued expenses and other current liabilities: $3,958,000.00Accrued & other liabilities+$3.96 MNet cash used in operating activities: -$22,179,000.00. Cash required to fund net payments.Operating cash−$22.18 Moperating reconciliation: $32,634,000.00Proceeds from at-the-market offering, net of commissions: $13,782,000.00Common stock issued+$13.78 MProceeds from employee stock purchase plan: $958,000.00Stock plan proceeds+$958.00 KProceeds from exercise of stock options: $2,084,000.00Stock option exercises+$2.08 MNet cash from financing activities: $16,824,000.00Financing cash+$16.82 Mfinancing reconciliation: $16,824,000.00Maturities of marketable securities: $65,977,000.00Marketable securities proceeds+$65.98 MPurchases of marketable securities: -$47,565,000.00Marketable securities purchases−$47.57 MPurchases of property and equipment: $0.00Net cash from investing activities: $18,412,000.00Investing cash+$18.41 Minvesting reconciliation: $65,977,000.00Cash sources and uses: $107,746,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $72,510,000.00Beginning cash$72.51 MEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $85,567,000.00Ending cash$85.57 MCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsNet loss −$13.03M − net operating adjustments $9.15M = operating cash −$22.18MFree cash flow−$22.18 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$13.06 MEnding cash − beginning cash
Chart details

Septerna, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
72,510,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
negative 22,179,000 US dollars. Net cash used.
Net loss
negative 13,034,000 US dollars
Stock-based compensation
5,074,000 US dollars
Non-cash operating lease expense
575,000 US dollars
Depreciation and amortization
427,000 US dollars
Accretion of discounts, net
negative 462,000 US dollars
Other non-current liabilities
421,000 US dollars
Deferred revenue
negative 11,550,000 US dollars
Other
negative 7,000 US dollars
Accounts receivable
negative 1,318,000 US dollars
Operating lease, net
negative 545,000 US dollars
Prepaid expenses and other current assets
negative 1,766,000 US dollars
Other non-current assets
negative 457,000 US dollars
Accounts payable
negative 3,495,000 US dollars
Accrued expenses and other current liabilities
3,958,000 US dollars
Investing activities
18,412,000 US dollars. Net cash provided.
Maturities of marketable securities
65,977,000 US dollars
Purchases of marketable securities
negative 47,565,000 US dollars
Purchases of property and equipment
0 US dollars
Financing activities
16,824,000 US dollars. Net cash provided.
Proceeds from at-the-market offering, net of commissions
13,782,000 US dollars
Proceeds from employee stock purchase plan
958,000 US dollars
Proceeds from exercise of stock options
2,084,000 US dollars
Operating adjustment reconciliation
32,634,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
16,824,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
65,977,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
85,567,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
107,746,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
13,057,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
negative 22,179,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
0 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 22,179,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$13.03M − net operating adjustments $9.15M = operating cash −$22.18M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 22,179,000 US dollars minus 0 US dollars equals negative 22,179,000 US dollars.
Septerna, Inc. (SEPN) FY2026 Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!