What does gain (loss) on extinguishment of debt mean?

Gains or losses from retiring debt before maturity — gains when debt is repurchased below par, losses when premiums are paid for early redemption.

Cogent Biosciences, Inc. COGT Gain (loss) on extinguishment of debt

Gain (loss) on extinguishment of debt at other companies

Scholar RockSRRK

-$3.34M—

BridgeBio PharmaBBIO

$0+100%

TG TherapeuticsTGTX

——

Other financials

Income statement

See full

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$5.9B+816%

Enterprise value$5.68B+951%

P/S749.8×—

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 / equity0×-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:GainsLossesOnExtinguishmentOfDebt.

The official record: Cogent Biosciences, Inc.’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cogent Biosciences, Inc.'s gain (loss) on extinguishment of debt?: Cogent Biosciences, Inc. (COGT) reported gain (loss) on extinguishment of debt of -$1.8M in Q4 2025.
What does gain (loss) on extinguishment of debt mean?: Gains or losses from retiring debt before maturity — gains when debt is repurchased below par, losses when premiums are paid for early redemption.