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Septerna, Inc. SEPN Business Segments

Q1 '26Q4 '25Q3 '25Q2 '25
Transaction Price by Product
Discovery Research Milestones$2M
Material Right$41.19M+300%$10.3M$10.3M$10.3M
Non Refundable One Time Upfront Payment Received by Product
Collaboration Milestones$500K
Material Right$41.2M+300%$10.3M$10.3M$10.3M
Research Development Programs And Manufacturing Services$153.8M+300%$38.45M$38.45M$38.45M
Research Development Programs$15.7M$14M$12.8M
Variable Consideration by Product
Discovery Research Milestones$2M
Research Development Programs And Manufacturing Services$10.3M+122%$4.65M$4.65M$4.65M

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Questions, answered.

How does Septerna, Inc. break its business down?
Septerna, Inc. (SEPN) reports transaction price by product across 2 parts — Discovery Research Milestones and Material Right. Each is extracted from the segment footnotes and tracked over time.
Where does Septerna, Inc.'s segment data come from?
Segment breakdowns are pulled from the segment footnotes in Septerna, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.