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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:ShareBasedCompensation.

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
Net loss$(97,352)$(71,986)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense626640
Stock-based compensation expense16,90810,008
Amortization of operating leases, right-of-use assets529498
Net amortization (accretion) of premiums (discounts) on marketable securities(1,180)(955)
Amortization of debt discount and issuance costs278
Loss on fixed asset disposal135

Item 1. Financial Statements (Unaudited)

FAQ

What is Cogent Biosciences, Inc.'s stock-based comp?
Cogent Biosciences, Inc. (COGT) reported stock-based comp of $16.91M in Q1 2026.
How has Cogent Biosciences, Inc.'s stock-based comp changed year-over-year?
Cogent Biosciences, Inc.'s stock-based comp 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 comp?
Over 4 years (2021 to 2025), Cogent Biosciences, Inc.'s stock-based comp has grown at a 40.9% compound annual growth rate (CAGR), from $11.69M to $46.08M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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