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Cogent Biosciences, Inc. COGT Stock-Based Compensation Expense — Operating Income

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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
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
Interest income(7,608)(2,952)
Interest expense1,213
Other expense (income), net140(5)

Item 1. Financial Statements (Unaudited)

FAQ

What is Cogent Biosciences, Inc.'s stock-based compensation expense — operating income?
Cogent Biosciences, Inc. (COGT) reported stock-based compensation expense — operating income of $16.91M in Q1 2026.
How has Cogent Biosciences, Inc.'s stock-based compensation expense — operating income changed year-over-year?
Cogent Biosciences, Inc.'s stock-based compensation expense — operating income increased by 68.9% year-over-year, from $10.01M to $16.91M.
What is the long-term trend for Cogent Biosciences, Inc.'s stock-based compensation expense — operating income?
Over 3 years (2022 to 2025), Cogent Biosciences, Inc.'s stock-based compensation expense — operating income has grown at a 35.9% compound annual growth rate (CAGR), from $18.37M to $46.08M.
What does stock-based compensation expense — operating income mean?
This metric represents the portion of total operating losses attributable to non-cash expenses incurred through equity-based awards granted to employees and directors. It highlights the impact of share-based incentive programs on the company's core operational profitability and burn rate. Monitoring this figure helps investors assess how much of the reported operating deficit is driven by compensation strategy rather than direct research and development or administrative cash outflows.

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