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How Septerna (SEPN) makes money

Septerna (SEPN) made $26.7M of revenue in the second quarter 2026 (Q2 2026), up 225-fold from a year earlier.

Drawing the Sankey…

Septerna revenue by quarterSepterna revenue by quarter$212KQ4 2024$219KQ1 2025$119KQ2 2025$21.5MQ3 2025$24.1MQ4 2025$26.5MQ1 2026$26.7MQ2 2026
Septerna: where each dollar of revenue goesSepterna: where each dollar of revenue goesIncome tax4¢

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$26.7M100.0%
Income tax$973K3.6%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$26.7M225×
Q1 2026$26.5M121×
Q4 2025$24.1M114×
Q3 2025$21.5M122×
Q2 2025$119K-68%
Q1 2025$219K-31%
Q4 2024$212K+80%

From Septerna's 10-Q filed Aug 10, 2026 (on EDGAR).

Questions

How does Septerna make money?

Septerna (SEPN) made $26.7M of revenue in the second quarter 2026 (Q2 2026), up 225-fold from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.