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Cogent Biosciences, Inc. COGT Depreciation Expense — Operating Income

Other segment segments

Latestage Development
$28.1M0.0%
Other Operational Infrastructure And Advisory Support
$20.22M+184%
Research And Development Personnel Related
$18.05M+21.3%
Early Stage Preclinical And Discovery Programs
$13.98M+42.9%
Research And Development Software Facilities And Other Strategic Support
$5.73M+29.6%

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Other financials

Income statement

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Operating income-$103.6M-38.3%
Net income-$97.4M-35.2%
EPS (diluted)-$0.53-1.9%

Balance sheet

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Cash & equivalents$241.2M+91.4%
Total debt$15.5M-9.4%
Total equity$607.7M+177%
Total assets$903.0M+218%

Cash flow

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Operating cash flow-$86.9M-30.6%
CapEx$449.0K-17.9%
Free cash flow-$87.3M-30.2%

Valuation

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Market cap$7.14B+366%
Enterprise value$6.92B+372%

Profitability

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Operating margin-1,044.3%
Net margin-950.4%
FCF margin-184.7%

Returns & leverage

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Return on equity-85.7%+1.7pp
Debt / equity-0.1×
Current ratio15.1×+10.0×

Where this comes from

Reported directly by Cogent Biosciences, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Cogent Biosciences, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 8:21 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-205170
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Research and development software, facilities and other strategic support5,7344,425
Other operational infrastructure and advisory support20,2157,121
Stock-based compensation expense16,90810,008
Depreciation expense626640
Interest income(7,608)(2,952)
Interest expense1,213
Other expense (income), net140(5)
Segment net loss and consolidated net loss$97,352$71,986

Item 1. Financial Statements (Unaudited)

FAQ

What is Cogent Biosciences, Inc.'s depreciation expense — operating income?
Cogent Biosciences, Inc. (COGT) reported depreciation expense — operating income of $626K in Q1 2026.
How has Cogent Biosciences, Inc.'s depreciation expense — operating income changed year-over-year?
Cogent Biosciences, Inc.'s depreciation expense — operating income decreased by 2.2% year-over-year, from $640K to $626K.
What is the long-term trend for Cogent Biosciences, Inc.'s depreciation expense — operating income?
Over 3 years (2022 to 2025), Cogent Biosciences, Inc.'s depreciation expense — operating income has grown at a 44.9% compound annual growth rate (CAGR), from $842K to $2.56M.
What does depreciation expense — operating income mean?
This metric represents the non-cash depreciation expense specifically allocated to the company's operational segments as reflected in the calculation of operating income or loss. It captures the systematic allocation of the cost of tangible assets used in research, development, or commercial operations over their useful lives. Monitoring this expense helps investors understand the capital intensity of specific business units and the impact of asset aging on the company's core profitability.

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