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Cogent Biosciences, Inc. COGT Research And Development Personnel Related — Operating Income

Other segment segments

Latestage Development
$28.1M0.0%
Other Operational Infrastructure And Advisory Support
$20.22M+184%
Early Stage Preclinical And Discovery Programs
$13.98M+42.9%
Research And Development Software Facilities And Other Strategic Support
$5.73M+29.6%
Depreciation Expense
$626K-2.2%

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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
Operating Expenses
Late-stage development$28,102$28,097
Early-stage, preclinical and discovery programs13,9759,778
R&D personnel related18,04714,874
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

Item 1. Financial Statements (Unaudited)

FAQ

What is Cogent Biosciences, Inc.'s research and development personnel related — operating income?
Cogent Biosciences, Inc. (COGT) reported research and development personnel related — operating income of $18.05M in Q1 2026.
How has Cogent Biosciences, Inc.'s research and development personnel related — operating income changed year-over-year?
Cogent Biosciences, Inc.'s research and development personnel related — operating income increased by 21.3% year-over-year, from $14.87M to $18.05M.
What is the long-term trend for Cogent Biosciences, Inc.'s research and development personnel related — operating income?
Over 3 years (2022 to 2025), Cogent Biosciences, Inc.'s research and development personnel related — operating income has grown at a 34.2% compound annual growth rate (CAGR), from $26.42M to $63.88M.
What does research and development personnel related — operating income mean?
This metric represents the operating loss specifically attributable to personnel-related expenses within the research and development function. It captures the financial impact of human capital investment, including salaries, benefits, and stock-based compensation for staff dedicated to advancing the company's clinical pipeline. Monitoring this figure helps investors assess the cost structure of the company's scientific workforce and the efficiency of its R&D resource allocation.

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