Filing Flows › Septerna (SEPN) › R&D spending
Septerna (SEPN) R&D spending by quarter
Septerna's R&D spending was $35.1M in Q2 2026 (second quarter 2026), +19% from Q1 2026. Over the last 6 quarters it ranged from $19.3M (Q1 2025) to $35.1M (Q2 2026).
| Quarter | R&D spending | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | $35.1M | +19% | +58% |
| Q1 2026 | $29.5M | -7% | +53% |
| Q4 2025 | $31.9M | +44% | +65% |
| Q2 2025 | $22.2M | +15% | — |
| Q1 2025 | $19.3M | -0.2% | — |
| Q4 2024 | $19.3M | — | — |
Q2 2026 at a glance
Septerna, Q2 2026: revenue $26.7M (225× year over year), operating margin -62.9%, net loss $13.0M, operating cash flow −$22.2M. The chart follows the revenue to costs, profit and cash.
Questions
What is Septerna's R&D spending?
Septerna's R&D spending was $35.1M in Q2 2026 (second quarter 2026), +19% from Q1 2026.
How has Septerna's R&D spending changed?
Over the last 6 quarters it ranged from $19.3M (Q1 2025) to $35.1M (Q2 2026).