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Segments

By segment

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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%
Depreciation Expense$626K-2.2%

Other financials

Income statement

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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%

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 official record: Cogent Biosciences, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cogent Biosciences, Inc.'s operating income?
Cogent Biosciences, Inc. (COGT) reported operating income of -$103.61M in Q1 2026.
How has Cogent Biosciences, Inc.'s operating income changed year-over-year?
Cogent Biosciences, Inc.'s operating income decreased by 38.3% year-over-year, from -$74.93M to -$103.61M.
What is the long-term trend for Cogent Biosciences, Inc.'s operating income?
Over 4 years (2021 to 2025), Cogent Biosciences, Inc.'s operating income has grown at a 44.9% compound annual growth rate (CAGR), from -$75.55M to -$333.36M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.