Septerna (SEPN) Operating Expenses (2023 - 2026)

Septerna's Operating Expenses history runs 4 years deep, the most recent figure standing at $6.2 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 25.35% year-over-year to $6.2 million; the TTM figure through Mar 2026 stood at $94.3 million (down 18.68% YoY), while the FY2025 annual figure was $114.2 million, up 39.5% from the prior year.
• Operating Expenses was $6.2 million for Q1 2026 at Septerna, down from $40.1 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $69.9 million in Q4 2024 to a low of -$34.2 million in Q4 2023.
• Historically, Operating Expenses has averaged $18.5 million across 4 years, with a median of $18.4 million in 2024.
• The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 304.29% in 2024, then sank 68.93% in 2025.
• A 4-year view of Operating Expenses shows it stood at -$34.2 million in 2023, then surged by 304.29% to $69.9 million in 2024, then sank by 42.55% to $40.1 million in 2025, then plunged by 84.66% to $6.2 million in 2026.
• The last three Operating Expenses figures came in at $6.2 million (Q1 2026), $40.1 million (Q4 2025), and $18.9 million (Q3 2025), per Business Quant data.