Septerna, Inc. SEPN Material Right — Non Refundable One Time Upfront Payment Received
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Where this comes from
Reported directly by Septerna, Inc. in its filing.
Tagged under the XBRL concept sepn:NonRefundableOneTimeUpfrontPaymentReceived.
The source filing: Septerna, Inc.’s 10-Q, filed May 11, 2026.
- Filed
- May 11, 2026, 4:08 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001193125-26-216759
Comprised of the allocation of the $195.0 million one-time, non-refundable upfront payment, of which $153.8 million was allocated to the four R&D programs and manufacturing services and $41.2 million was allocated to the material right. In addition, $94.0 million of variable consideration related to estimated research and manufacturing services for the four R&D Programs, and $2.0 million of variable consideration related to the two milestones deemed probable of achievement was allocated to the transaction price as of March 31, 2026.
Item 1. Condensed Financial Statements.
FAQ
- What is Septerna, Inc.'s material right — non refundable one time upfront payment received?
- Septerna, Inc. (SEPN) reported material right — non refundable one time upfront payment received of $41.2M in Q1 2026.
- How has Septerna, Inc.'s material right — non refundable one time upfront payment received changed year-over-year?
- Septerna, Inc.'s material right — non refundable one time upfront payment received increased by 300.0% year-over-year, from $10.3M to $41.2M.
- What does material right — non refundable one time upfront payment received mean?
- This metric tracks the initial cash consideration received upon the execution of a contract that is not subject to refund, regardless of future performance outcomes. It provides immediate liquidity and serves as a key indicator of the initial commercial validation of a company's technology or drug pipeline. Monitoring this inflow helps investors assess the company's ability to monetize its intellectual property early in the partnership lifecycle.
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