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Septerna, Inc. (SEPN) Fundamental Analysis & AI Grade 2026

SEPN Nasdaq Pharmaceutical Preparations DE CIK: 0001984086
Updated This Month • Analysis: May 23, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
65% Confidence
N/A
C
65% Conf
Pending
Analysis scheduled

📊 SEPN Key Takeaways

Revenue: $26.5M
Net Margin: -32.6%
Free Cash Flow: $-26.5M
Current Ratio: 4.71x
Debt/Equity: 0.00x
EPS: $-0.19
AI Grade: C with 65% confidence
Septerna, Inc. (SEPN) receives a C fundamental grade with 65% confidence from our AI analysis based on SEC 10-K filings. With revenue of $26.5M, net profit margin of -32.6%, and return on equity (ROE) of -2.3%, Septerna, Inc. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete SEPN stock analysis for 2026.

Is Septerna, Inc. (SEPN) a Good Investment?

Claude

Septerna demonstrates exceptional revenue growth (4,174% YoY) suggesting successful product commercialization, but faces severe profitability challenges with negative operating margins (-50.1%) and negative operating cash flow (-$25.6M), indicating the business is not sustainable at current cost structures despite solid balance sheet reserves.

Septerna, Inc. Key Strengths (SEPN)

Claude
  • + Extraordinary revenue growth of 4,174% YoY demonstrates strong market traction and successful product commercialization
  • + Fortress balance sheet with zero long-term debt, $71.6M cash, and 4.71x current ratio providing substantial runway
  • + Improving EPS trajectory (+84.8% YoY) suggesting margin compression is narrowing

SEPN Stock Risks: Septerna, Inc. Investment Risks

Claude
  • ! Severely negative operating cash flow (-$25.6M) against only $26.5M revenue indicates unsustainable burn rate and operational inefficiency
  • ! Operating losses of $13.3M on $26.5M revenue (-50.1% margin) suggests structural cost challenges with manufacturing/operations
  • ! Path to profitability unclear in highly competitive pharmaceutical sector; company must demonstrate ability to scale efficiently and achieve positive operating leverage

Key Metrics to Watch

Claude
  • * Operating cash flow trajectory and path to cash flow breakeven
  • * Gross margin percentage and operating leverage improvements as revenue scales
  • * Cash runway duration given current burn rate and funding sustainability

Septerna, Inc. (SEPN) Financial Metrics & Key Ratios

Revenue
$26.5M
Net Income
$-8.6M
EPS (Diluted)
$-0.19
Free Cash Flow
$-26.5M
Total Assets
$569.7M
Cash Position
$71.6M

💡 AI Analyst Insight

Strong liquidity with a 4.71x current ratio provides a solid financial cushion.

SEPN Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -50.1%
Net Margin -32.6%
ROE -2.3%
ROA -1.5%
FCF Margin -99.8%

SEPN vs Healthcare Sector: How Septerna, Inc. Compares

How Septerna, Inc. compares to Healthcare sector averages

Net Margin
SEPN -32.6%
vs
Sector Avg 12.0%
SEPN Sector
ROE
SEPN -2.3%
vs
Sector Avg 15.0%
SEPN Sector
Current Ratio
SEPN 4.7x
vs
Sector Avg 2.0x
SEPN Sector
Debt/Equity
SEPN 0.0x
vs
Sector Avg 0.6x
SEPN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Septerna, Inc. Stock Overvalued? SEPN Valuation Analysis 2026

Based on fundamental analysis, Septerna, Inc. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-2.3%
Sector avg: 15%
Net Profit Margin
-32.6%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Septerna, Inc. Balance Sheet: SEPN Debt, Cash & Liquidity

Current Ratio
4.71x
Quick Ratio
4.71x
Debt/Equity
0.00x
Debt/Assets
33.6%
Interest Coverage
N/A
Long-term Debt
N/A

SEPN Revenue & Earnings Growth: 5-Year Financial Trend

SEPN 5-year financial data: Year 2024: Revenue $1.1M, Net Income $4.2M, EPS $0.29. Year 2025: Revenue $46.0M, Net Income -$71.8M, EPS $-7.26.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Septerna, Inc.'s revenue has grown significantly by 4,175% over the 5-year period, indicating strong business expansion. The most recent EPS of $-7.26 indicates the company is currently unprofitable.

SEPN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-99.8%
Free cash flow / Revenue

SEPN Quarterly Earnings & Performance

Quarterly financial performance data for Septerna, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $219.0K -$8.6M $-0.19
Q3 2025 $176.0K $8.2M $0.18
Q2 2025 $119.0K -$14.2M $-0.56
Q1 2025 $219.0K -$14.2M $-0.49
Q3 2024 $33.0K -$9.2M $-5.45

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Septerna, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$25.6M
Cash generated from operations
Capital Expenditures
$832.0K
Investment in assets
Dividends
None
No dividend program

SEPN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Septerna, Inc. (CIK: 0001984086)

📋 Recent SEC Filings

Date Form Document Action
May 28, 2026 4 xslF345X06/ownership.xml View →
May 11, 2026 10-Q sepn-20260331.htm View →
May 11, 2026 8-K sepn-20260511.htm View →
Apr 30, 2026 DEF 14A sepn-20260430.htm View →
Apr 17, 2026 4 xslF345X06/ownership.xml View →

Frequently Asked Questions about SEPN

What is the AI rating for SEPN?

Septerna, Inc. (SEPN) has an AI grade of C with 65% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SEPN's key strengths?

Claude: Extraordinary revenue growth of 4,174% YoY demonstrates strong market traction and successful product commercialization. Fortress balance sheet with zero long-term debt, $71.6M cash, and 4.71x current ratio providing substantial runway.

What are the risks of investing in SEPN?

Claude: Severely negative operating cash flow (-$25.6M) against only $26.5M revenue indicates unsustainable burn rate and operational inefficiency. Operating losses of $13.3M on $26.5M revenue (-50.1% margin) suggests structural cost challenges with manufacturing/operations.

What is SEPN's revenue and growth?

Septerna, Inc. reported revenue of $26.5M.

Does SEPN pay dividends?

Septerna, Inc. does not currently pay dividends.

Where can I find SEPN SEC filings?

Official SEC filings for Septerna, Inc. (CIK: 0001984086) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SEPN's EPS?

Septerna, Inc. has a diluted EPS of $-0.19.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SEPN's fundamental grade?

Based on our AI fundamental analysis in June 2026, Septerna, Inc. has a C grade with 65% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SEPN stock overvalued or undervalued?

Valuation metrics for SEPN: ROE of -2.3% (sector avg: 15%), net margin of -32.6% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is SEPN's AI grade for 2026?

Our dual AI analysis gives Septerna, Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SEPN's free cash flow?

Septerna, Inc.'s operating cash flow is $-25.6M, with capital expenditures of $832.0K. FCF margin is -99.8%.

How does SEPN compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -32.6% (avg: 12%), ROE -2.3% (avg: 15%), current ratio 4.71 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 23, 2026 | Data as of: 2026-03-31 | Powered by Claude AI