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Companies / Health Care / Septerna, Inc.
SEPN

Septerna, Inc.

Health CarePharmaceutical Preparations
Ticker SEPNSOUTH SAN FRANCISCO, CAFiscal year ends DecemberBook value per share $8.61Diluted shares 44.9M

Septerna, Inc. (Nasdaq: SEPN) is a clinical-stage biotechnology company developing oral small-molecule medicines that target G protein-coupled receptors (GPCRs). Its proprietary Native Complex Platform reconstitutes functional GPCRs outside cells to support structural analysis, screening and optimization of drug… From the company’s description.

In fiscal 2025, Septerna, Inc. reported revenue of $45.95M, up 4174.5% from fiscal 2024, and a net loss of $48.88M. Its operating margin was −148.6%, and operations generated $110.19M in cash. Over the twelve months to Jun 30, 2026, revenue was $98.88M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$45.95MFY2025
+4174.5% year over year
Last 12 mo $98.88M
-148.63%FY2025
+7369.8 percentage points
Last 12 mo -44.04%
$-48.88MFY2025
+31.9% year over year
Last 12 mo $-24.24M
-12.80%FY2025
+4.3 percentage points
Last 12 mo -6.27%
Cash & financing
$110.19MFY2025
+263.3% year over year
Last 12 mo $106.01M
$109.67MFY2025
+257.6% year over year
Last 12 mo $105.10M
—
44.3MFY2025
+347.5% year over year
Last 12 mo 44.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Septerna, Inc. does

In the company’s own words

Septerna, Inc. (Nasdaq: SEPN) is a clinical-stage biotechnology company developing oral small-molecule medicines that target G protein-coupled receptors (GPCRs). Its proprietary Native Complex Platform reconstitutes functional GPCRs outside cells to support structural analysis, screening and optimization of drug candidates. The company’s wholly owned pipeline focuses on endocrinology, immunology and inflammation, and metabolic diseases. Its programs include SEP-479, a PTH1R agonist in development for hypoparathyroidism, and SEP-631, an MRGPRX2 negative allosteric modulator initially developed for chronic spontaneous urticaria; the latter completed a Phase 1 trial in 2026. Septerna also has a collaboration with Novo Nordisk to discover and develop oral small-molecule therapies for metabolic diseases involving the GLP-1, GIP and glucagon receptors. The company’s potential medicines are intended for patients with endocrine, inflammatory, immune and metabolic disorders. Its website is https://www.Septerna.com.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
SOUTH SAN FRANCISCO, CA
Fiscal year end
December
CIK
1984086
SIC
2834

Financial performance, year by year

Fiscal 2024–2025 · USD
$-88.87M$-37.66M$13.54M$64.75M$115.95M20242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Septerna, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

168
funds hold it
0 of 35
superinvestors hold it
$204.47M
held by funds, at market
14.2%
of shares held by funds

Largest fund holders · Septerna, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
PRIMECAP Odyssey Aggressive Growth Fund
POAGX · PRIMECAP Odyssey Funds
—of fund net assets
Driehaus Small Cap Growth Fund
DVSMX · Driehaus Mutual Funds
0.87%of fund net assets
Loomis Sayles Small Cap Growth Fund
LSSIX · LOOMIS SAYLES FUNDS II
0.50%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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