Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -29%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 7296%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 149%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 148%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43%

Attractive yield
FCF Yield is 9.7%

Megatrend and thematic drivers
Megatrends include Precision Medicine. Themes include Biopharmaceutical R&D, and Targeted Therapies.

Weak multi-year price returns
2Y Excs Rtn is -28%, 3Y Excs Rtn is -64%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -68 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -94%

Stock price has recently run up significantly
12M Rtn12 month market price return is 268%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 18%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.5%

Key risks
SEPN key risks include [1] the recent clinical trial failure and discontinuation of its lead asset, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -29%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 7296%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 149%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 148%
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43%
4 Attractive yield
FCF Yield is 9.7%
5 Megatrend and thematic drivers
Megatrends include Precision Medicine. Themes include Biopharmaceutical R&D, and Targeted Therapies.
6 Weak multi-year price returns
2Y Excs Rtn is -28%, 3Y Excs Rtn is -64%
7 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -68 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -94%
8 Stock price has recently run up significantly
12M Rtn12 month market price return is 268%
9 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 18%
10 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.5%
11 Key risks
SEPN key risks include [1] the recent clinical trial failure and discontinuation of its lead asset, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Septerna (SEPN) stock has gained about 5% since 1/31/2026 because of the following key factors:

1. Septerna reported significantly improved financial results for the first quarter of 2026, exceeding analyst expectations for both revenue and earnings per share. The company's revenue reached $26.5 million, a substantial increase from $0.2 million in the prior-year period, primarily driven by its collaboration with Novo Nordisk. This figure significantly surpassed the analyst consensus estimate of $16.94 million. Concurrently, Septerna narrowed its net loss to $8.6 million, or -$0.19 per share, outperforming the estimated loss of -$0.42 per share.

2. The company announced positive advancements in its clinical pipeline with key programs progressing. In March 2026, Septerna presented positive Phase 1 clinical trial data for SEP-631, an oral small molecule for mast cell-driven diseases, which supports its advancement into Phase 2b development for chronic spontaneous urticaria (CSU) in the second half of 2026. Additionally, in April 2026, Septerna initiated a Phase 1 clinical trial for SEP-479, an oral small molecule for hypoparathyroidism, with data anticipated in late 2026 or early 2027.

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Stock Movement Drivers

Fundamental Drivers

The 6.0% change in SEPN stock from 1/31/2026 to 5/13/2026 was primarily driven by a 227.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120265132026Change
Stock Price ($)23.3424.756.0%
Change Contribution By: 
Total Revenues ($ Mil)2272227.8%
P/S Multiple46.915.3-67.3%
Shares Outstanding (Mil)4445-0.9%
Cumulative Contribution6.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/13/2026
ReturnCorrelation
SEPN6.0% 
Market (SPY)7.6%25.6%
Sector (XLV)-4.8%24.7%

Fundamental Drivers

The 20.1% change in SEPN stock from 10/31/2025 to 5/13/2026 was primarily driven by a 9852.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)103120255132026Change
Stock Price ($)20.6024.7520.1%
Change Contribution By: 
Total Revenues ($ Mil)1729852.5%
P/S Multiple1,253.215.3-98.8%
Shares Outstanding (Mil)4445-1.3%
Cumulative Contribution20.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/13/2026
ReturnCorrelation
SEPN20.1% 
Market (SPY)9.5%19.6%
Sector (XLV)2.6%23.0%

Fundamental Drivers

The 255.6% change in SEPN stock from 4/30/2025 to 5/13/2026 was primarily driven by a 6621.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020255132026Change
Stock Price ($)6.9624.75255.6%
Change Contribution By: 
Total Revenues ($ Mil)1726621.4%
P/S Multiple287.615.3-94.7%
Shares Outstanding (Mil)4445-0.8%
Cumulative Contribution255.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/13/2026
ReturnCorrelation
SEPN255.6% 
Market (SPY)35.4%20.5%
Sector (XLV)6.3%9.9%

Fundamental Drivers

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Market Drivers

4/30/2023 to 5/13/2026
ReturnCorrelation
SEPN  
Market (SPY)85.5%23.9%
Sector (XLV)15.5%13.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SEPN Return---7%22%-11%16%
Peers Return36%28%58%34%11%-8%274%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
SEPN Win Rate---67%58%40% 
Peers Win Rate55%55%58%55%45%44% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
SEPN Max Drawdown----6%-78%-17% 
Peers Max Drawdown-9%-26%-14%-7%-30%-17% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CRNX, LLY, VKTX, REGN, AMGN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/13/2026 (YTD)

How Low Can It Go

Event

Compare to CRNX, LLY, VKTX, REGN, AMGN

In The Past

Septerna's stock fell -9.5% during the 2025 US Tariff Shock. Such a loss loss requires a 10.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event

Compare to CRNX, LLY, VKTX, REGN, AMGN

In The Past

Septerna's stock fell -9.5% during the 2025 US Tariff Shock. Such a loss loss requires a 10.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Septerna (SEPN)

We are a clinical-stage biotechnology company pioneering a new era of G protein-coupled receptor (GPCR) oral small molecule drug discovery powered by our proprietary Native Complex Platform™. Our industrial-scale platform aims to unlock the full potential of GPCR therapies and has led to the discovery and development of our deep pipeline of product candidates focused initially on treating patients in three therapeutic areas: endocrinology, immunology and inflammation, and metabolic diseases. GPCRs are the largest and most diverse family of cell membrane receptors and regulate physiological processes in nearly every organ system of the human body. Due to their significant role in human diseases, GPCRs have been the most productive target class in drug discovery history, accounting for approximately one-third of all U.S. Food and Drug Administration (FDA) approved drugs, representing approximately 500 products with combined global revenue of approximately $125 billion in 2023. Despite the pharmacological and commercial success of GPCR-targeted agents, about 75% of potential GPCR therapeutic targets remain undrugged and, for certain validated GPCRs, novel binding pockets may exist that could offer enhanced therapeutic benefits. Each step in GPCR activation involves subtle conformational changes that have been historically challenging to reproduce outside of a cell. The inability to isolate GPCR proteins in their native functional form outside of a cellular context has prevented scientists from leveraging some of the state-of-the-art technologies that have revolutionized drug discovery in other major target classes over the past decade. This complex challenge has limited GPCR drug discovery, particularly the development of novel oral small molecules, such as agonists (which activate GPCR signaling) for peptide GPCRs and allosteric modulators (which either increase or decrease the degree of GPCR activation by endogenous ligands). Our proprietary Native Complex Platform™ replicates the natural structure, function, and dynamics of GPCRs outside of cells at an industrial scale for, as we believe it, the first time. Our foundational technologies enable us to isolate, purify, and reconstitute full-length, properly folded GPCR proteins within ternary complexes with ligands and transducer proteins in a lipid bilayer that mimics the cell membrane. We then apply state-of-the-art discovery tools and technologies to these defined and tunable protein complexes to structurally design, screen for, and optimize potential product candidates. Leveraging our platform, we conduct GPCR oral small molecule drug discovery using an industrialized and iterative structure-based drug design approach for a diverse collection of GPCR targets. Our Native Complex PlatformTM is designed to enable us to target specific GPCRs, uncover novel binding pockets for validated receptors, and pursue a wide spectrum of pharmacologies, including agonists, antagonists (which inhibit GPCR signaling), and allosteric modulators, to affect GPCR signaling in different ways to achieve desired therapeutic effects. We are advancing a deep portfolio of oral small molecule GPCR-targeted programs with novel mechanistic approaches to treat diseases across multiple therapeutic areas for patients with significant unmet needs. Our wholly-owned pipeline, is focused initially on three therapeutic areas: endocrinology, immunology and inflammation, and metabolic diseases. We intend to evaluate opportunities in other major therapeutic areas, such as neurology, women’s health, cardiovascular, and respiratory disease. --- Leveraging our team, scientific and technical advisors, and our proprietary Native Complex Platform™, we aim to be a leader in the development of oral GPCR-targeted medicines for patients with significant unmet needs. We were incorporated under the laws of the State of Delaware in December 2019 under the name GPCR NewCo, Inc. and changed our name to Septerna, Inc. in June 2021. Our principal executive offices are located at 250 East Grand Avenue, South San Francisco, California.

AI Analysis | Feedback

Here are a few analogies to describe Septerna:

  • Moderna for GPCR drug discovery

  • CRISPR Therapeutics for GPCRs

AI Analysis | Feedback

  • Oral small molecule drug candidates for endocrinology: These are novel GPCR-targeted therapies in Septerna's pipeline aimed at treating endocrine diseases.
  • Oral small molecule drug candidates for immunology and inflammation: These are novel GPCR-targeted therapies in Septerna's pipeline aimed at treating immune and inflammatory conditions.
  • Oral small molecule drug candidates for metabolic diseases: These are novel GPCR-targeted therapies in Septerna's pipeline aimed at treating metabolic disorders.

AI Analysis | Feedback

Septerna (SEPN) is a clinical-stage biotechnology company focused on the discovery and development of oral small molecule drugs targeting G protein-coupled receptors (GPCRs). As such, its ultimate customers are not other companies, but individual patients who will be prescribed these medications once they are developed, approved, and commercialized.

The categories of customers (patients) that Septerna aims to serve are primarily those suffering from diseases within its initial three therapeutic areas:

  1. Patients with endocrinology-related diseases.
  2. Patients with immunology and inflammation-related diseases.
  3. Patients with metabolic diseases.

AI Analysis | Feedback

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AI Analysis | Feedback

Jeffrey Finer, Chief Executive Officer & Co-Founder

Jeffrey Finer was appointed CEO of Septerna in November 2021 and is also a co-founder of the company. He has a background in founding and launching multiple new biotechnology companies, including Maze Therapeutics and Ambys Medicines. Dr. Finer has held R&D leadership positions at Theravance Biopharma, Five Prime Therapeutics, and Cytokinetics. He also serves as a Venture Partner at Third Rock Ventures, which led Septerna's Series A financing and retained a minority stake after the company's IPO, indicating a pattern of managing companies backed by private equity firms.

Gil Labrucherie, Chief Financial Officer

Gil Labrucherie was appointed Chief Financial Officer of Septerna effective January 6, 2025. He brings over 25 years of senior leadership experience in finance and legal roles within public biopharmaceutical and technology companies. Prior to Septerna, Mr. Labrucherie served as CFO and Chief Business Officer at ACELYRIN, and as CFO, COO, and SVP/General Counsel at Nektar Therapeutics. He has a track record of raising over $1.5 billion in private and public equity capital and generating over $1 billion in realized value from strategic partnering transactions. Earlier in his career, he held executive leadership positions at various high-growth technology companies. He currently serves on the board of Rezolute, Inc.

Liz Bhatt, President and Chief Operating Officer

Liz Bhatt joined Septerna as Chief Operating Officer in July 2022 and brings over 25 years of experience in strategy, deal-making, and company-building across biotech and pharmaceutical companies. Her previous roles include Chief Business & Strategy Officer at Applied Molecular Transport (AMT) and Chief Operating Officer at Achaogen. Ms. Bhatt also spent over a decade at Gilead Sciences, holding positions as VP, Corporate Development and Senior Director, Commercial Strategy.

Daniel Long, Senior Vice President, Drug Discovery

Daniel Long serves as the Senior Vice President of Drug Discovery at Septerna.

Jae Kim, Chief Medical Officer

Jae Kim holds the position of Chief Medical Officer at Septerna.

AI Analysis | Feedback

The key risks for Septerna (SEPN) are primarily associated with the inherent challenges of drug development in the biotechnology sector and the reliance on its proprietary technology.

  1. Clinical Development and Regulatory Approval Risk: As a clinical-stage biotechnology company, Septerna's success is entirely contingent upon the successful development, clinical trial completion, and regulatory approval of its product candidates. Drug development is a lengthy, costly, and highly uncertain process with a high rate of failure at every stage, from preclinical studies to post-marketing. The company currently has a deep pipeline of product candidates, but none have yet reached commercialization, meaning there is no current revenue from drug sales. Failure to achieve favorable results in clinical trials or obtain necessary regulatory approvals would significantly impair or prevent the commercialization of its product candidates and, consequently, its ability to generate revenue.
  2. Platform Technology Risk: Septerna's entire drug discovery and development strategy is powered by its proprietary Native Complex Platform™. The company asserts that this platform uniquely replicates the natural structure, function, and dynamics of GPCRs outside of cells at an industrial scale, enabling the discovery of novel oral small molecule drug candidates. There is a risk that this platform may not consistently or effectively deliver viable drug candidates, or that its purported advantages over traditional drug discovery methods may not materialize as expected. If the platform proves less effective or less efficient than anticipated in identifying or optimizing drug candidates, Septerna's ability to build and advance its pipeline would be significantly hampered.
  3. Intellectual Property Risk: Septerna's business relies heavily on its proprietary Native Complex Platform™ and the intellectual property surrounding its drug candidates. The ability to protect its proprietary technology and future product candidates through patents, trade secrets, and other intellectual property rights is crucial for its competitive position. Challenges to the validity or enforceability of its existing or future patents, the inability to obtain new patent protection, or the unauthorized use or infringement of its intellectual property by third parties could significantly diminish its competitive advantage and its ability to monetize its discoveries.

AI Analysis | Feedback

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AI Analysis | Feedback

Septerna (symbol: SEPN) is a clinical-stage biotechnology company focused on developing oral small molecule drugs for various therapeutic areas. The addressable markets for their main product candidates, based on their initial focus areas, are substantial on a global scale. The global addressable markets for Septerna's focus areas are: * The global endocrinology drug market is estimated to be valued at USD 77.44 billion in 2026 and is projected to reach USD 105.39 billion by 2033. * The global immunology & inflammatory diseases drugs market size reached US$ 212.76 billion in 2024 and is expected to reach US$ 431.11 billion by 2033. * The global metabolic disorder therapeutics market was valued at USD 103.85 billion in 2025 and is expected to increase to USD 167.86 billion by 2032.

AI Analysis | Feedback

Septerna's (SEPN) future revenue growth over the next 2-3 years is expected to be driven by several key factors as the clinical-stage biotechnology company advances its pipeline and leverages strategic partnerships. The primary drivers of future revenue growth include: * Revenue from strategic collaborations and partnerships: A significant driver of Septerna's revenue comes from upfront payments, research services, and milestone payments associated with strategic alliances. The multi-billion-dollar collaboration with Novo Nordisk on oral incretin receptor agonists is a key example, having contributed a $195.0 million upfront payment in July 2025 and ongoing research service revenue. Additionally, the company received a $12.5 million milestone payment from Vertex in 2025, highlighting the continued potential for such payments as their pipeline progresses. * Advancement of lead pipeline candidate SEP-631 through clinical trials: Septerna is progressing SEP-631, an MRGPRX2 negative allosteric modulator for mast cell-driven diseases, including chronic spontaneous urticaria. Positive Phase 1 data for SEP-631 has been reported, and the company plans to initiate Phase 2b trials in the second half of 2026. Successful advancement through these later-stage trials is critical for generating further milestone payments from partners and ultimately for potential product commercialization. * Initiation and progression of other pipeline candidates, such as SEP-479: The company plans to initiate Phase 1 trials for SEP-479, a PTH1R agonist for hypoparathyroidism, in early 2026. Progress in these earlier-stage programs helps build value for the company and could lead to future licensing deals or collaborations. * Validation and expansion of the Native Complex Platform™ to foster new discovery programs: The positive Phase 1 results for SEP-631 validate Septerna's proprietary Native Complex Platform™. This validation demonstrates the platform's ability to discover new mechanisms of action and generate differentiated oral small molecules for challenging G protein-coupled receptors (GPCRs). The continued success and validation of this platform can attract new collaborations and expand Septerna's pipeline, creating additional future revenue opportunities.

AI Analysis | Feedback

Share Repurchases

No information is available regarding share repurchases made by Septerna in the last 3-5 years. The reported "Buyback Yield" of -1,704.89% indicates share issuance rather than repurchases.

Share Issuance

  • Septerna completed its upsized Initial Public Offering (IPO) on October 30, 2024, raising aggregate gross proceeds of $331.2 million by issuing 18,400,000 shares of common stock at $18.00 per share.
  • The number of shares outstanding for Septerna increased by 1,704.89% in one year.

Inbound Investments

  • In May 2025, Septerna announced a significant collaboration and license agreement with Novo Nordisk, valued at up to $2.2 billion, focused on developing oral medicines for obesity and other diseases.
  • Revenue for Q4 2025 and the full year 2025 primarily reflected this collaboration work and the amortization of an upfront payment from Novo Nordisk.

Outbound Investments

No information is available regarding outbound investments made by Septerna in the last 3-5 years.

Capital Expenditures

  • Capital expenditures for the full year 2025 were reported as $2.1 million.
  • In the 12 months leading up to November 10, 2025, capital expenditures were -$1.07 million.
  • These capital expenditures consumed a significant portion of the company's operating cash flow in 2025.

Latest Trefis Analyses

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Trade Ideas

Select ideas related to SEPN.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
GEHC_4302026_Dip_Buyer_FCFYield04302026GEHCGE HealthCare TechnologiesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.0%0.0%0.0%
IQV_4302026_Dip_Buyer_FCFYield04302026IQVIQVIADip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.0%0.0%0.0%
UHS_4302026_Dip_Buyer_FCFYield04302026UHSUniversal Health ServicesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.0%0.0%0.0%
ABT_4302026_Dip_Buyer_ValueBuy04302026ABTAbbott LaboratoriesDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
ZBIO_4302026_Insider_Buying_45D_2Buy_200K04302026ZBIOZenas BioPharmaInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SEPNCRNXLLYVKTXREGNAMGNMedian
NameSepterna Crinetic.Eli LillyViking T.Regenero.Amgen  
Mkt Price24.7537.481,015.7531.70719.88336.45186.97
Mkt Cap1.13.9908.63.774.9181.739.4
Rev LTM721872,250014,92037,2207,496
Op Inc LTM-68-54634,172-5023,84310,5681,887
FCF LTM107-42010,368-3403,7918,5971,949
FCF 3Y Avg--2921,734-1763,5618,8701,734
CFO LTM108-41420,480-3405,01310,7562,560
CFO 3Y Avg--28711,158-1764,56810,3484,568

Growth & Margins

SEPNCRNXLLYVKTXREGNAMGNMedian
NameSepterna Crinetic.Eli LillyViking T.Regenero.Amgen  
Rev Chg LTM7,295.6%2,277.5%47.4%-5.9%9.1%47.4%
Rev Chg 3Y Avg-720.7%37.9%-6.4%12.5%25.2%
Rev Chg Q12,011.0%2,873.4%55.5%-19.0%5.8%55.5%
QoQ Delta Rev Chg LTM57.2%134.8%10.8%-4.0%1.3%10.8%
Op Inc Chg LTM25.3%-44.9%73.3%-191.3%-2.4%41.9%11.4%
Op Inc Chg 3Y Avg--44.3%67.4%-98.4%-6.3%8.8%-6.3%
Op Mgn LTM-94.4%-3,020.3%47.3%-25.8%28.4%25.8%
Op Mgn 3Y Avg--21,720.5%39.7%-28.1%24.6%26.3%
QoQ Delta Op Mgn LTM81.5%3,694.5%1.7%--0.1%3.7%3.7%
CFO/Rev LTM149.3%-2,292.2%28.3%-33.6%28.9%28.9%
CFO/Rev 3Y Avg--15,473.5%19.2%-32.6%30.7%24.9%
FCF/Rev LTM148.0%-2,321.7%14.4%-25.4%23.1%23.1%
FCF/Rev 3Y Avg--15,749.2%0.3%-25.5%26.4%12.9%

Valuation

SEPNCRNXLLYVKTXREGNAMGNMedian
NameSepterna Crinetic.Eli LillyViking T.Regenero.Amgen  
Mkt Cap1.13.9908.63.774.9181.739.4
P/S15.3215.912.6-5.04.912.6
P/Op Inc-16.2-7.126.6-7.319.517.25.0
P/EBIT-16.2-7.125.4-7.314.415.43.6
P/E-30.7-7.935.9-7.816.923.34.6
P/CFO10.3-9.444.4-10.814.916.912.6
Total Yield-3.3%-12.7%3.4%-12.9%6.4%7.2%0.1%
Dividend Yield0.0%0.0%0.6%0.0%0.5%2.9%0.2%
FCF Yield 3Y Avg--8.4%0.2%-4.9%4.3%5.2%0.2%
D/E0.00.00.00.00.00.30.0
Net D/E-0.3-0.30.0-0.2-0.10.2-0.1

Returns

SEPNCRNXLLYVKTXREGNAMGNMedian
NameSepterna Crinetic.Eli LillyViking T.Regenero.Amgen  
1M Rtn6.0%-3.1%9.3%-9.5%-3.6%-3.8%-3.3%
3M Rtn-6.0%-21.3%0.2%11.0%-7.5%-7.6%-6.8%
6M Rtn28.7%-12.5%0.1%-22.3%5.9%1.5%0.8%
12M Rtn267.8%21.1%37.2%14.3%26.1%28.3%27.2%
3Y Rtn15.7%68.9%138.4%40.7%-2.6%58.7%49.7%
1M Excs Rtn-4.3%-12.6%3.3%-17.6%-11.6%-11.0%-11.3%
3M Excs Rtn-13.3%-28.5%-7.0%3.8%-14.7%-14.8%-14.0%
6M Excs Rtn27.8%-18.5%-3.5%-25.0%1.3%-3.5%-3.5%
12M Excs Rtn227.2%-14.9%8.1%-15.4%-1.6%-1.1%-1.4%
3Y Excs Rtn-64.2%-9.8%60.1%-41.2%-83.5%-22.4%-31.8%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil202520242023
Single Segment100
Total100


Operating Income by Segment
$ Mil202520242023
Single Segment-810 
Total-810 


Net Income by Segment
$ Mil202520242023
Single Segment-720 
Total-720 


Assets by Segment
$ Mil202520242023
Single Segment  36
Total  36


Price Behavior

Price Behavior
Market Price$24.75 
Market Cap ($ Bil)1.1 
First Trading Date10/25/2024 
Distance from 52W High-19.8% 
   50 Days200 Days
DMA Price$24.99$18.73
DMA Trendupdown
Distance from DMA-1.0%32.1%
 3M1YR
Volatility59.3%79.5%
Downside Capture234.08140.72
Upside Capture146.36256.11
Correlation (SPY)22.8%18.7%
SEPN Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta1.530.991.131.031.360.07
Up Beta0.390.45-0.220.980.20-1.22
Down Beta0.14-2.12-1.52-0.520.120.27
Up Capture146%131%273%193%695%56%
Bmk +ve Days15223166141428
Stock +ve Days13213360128183
Down Capture870%245%207%138%146%98%
Bmk -ve Days4183056108321
Stock -ve Days9213064120188

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SEPN
SEPN274.5%79.4%1.97-
Sector ETF (XLV)9.9%15.3%0.415.9%
Equity (SPY)28.9%12.0%1.8217.9%
Gold (GLD)44.6%26.8%1.35-4.4%
Commodities (DBC)47.8%18.6%1.96-9.5%
Real Estate (VNQ)11.3%13.5%0.555.8%
Bitcoin (BTCUSD)-21.3%41.7%-0.462.6%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SEPN
SEPN4.0%94.5%0.58-
Sector ETF (XLV)5.2%14.6%0.1813.5%
Equity (SPY)13.7%17.1%0.6323.7%
Gold (GLD)20.4%17.9%0.93-6.2%
Commodities (DBC)11.1%19.4%0.46-8.1%
Real Estate (VNQ)3.6%18.8%0.0912.3%
Bitcoin (BTCUSD)7.5%55.9%0.359.7%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SEPN
SEPN2.0%94.5%0.58-
Sector ETF (XLV)9.7%16.5%0.4713.5%
Equity (SPY)15.6%17.9%0.7523.7%
Gold (GLD)13.4%15.9%0.70-6.2%
Commodities (DBC)8.3%17.9%0.38-8.1%
Real Estate (VNQ)5.4%20.7%0.2212.3%
Bitcoin (BTCUSD)68.2%66.9%1.079.7%

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Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity2.1 Mil
Short Interest: % Change Since 4152026-15.9%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest5.4 days
Basic Shares Quantity44.8 Mil
Short % of Basic Shares4.6%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/9/2026-3.6%-13.5%-15.7%
11/10/2025-2.2%25.7%38.5%
8/11/2025-2.5%0.9%28.1%
3/27/20252.4%-10.5%5.2%
11/20/2024-3.2%10.1%7.9%
SUMMARY STATS   
# Positive134
# Negative421
Median Positive2.4%10.1%18.0%
Median Negative-2.8%-12.0%-15.7%
Max Positive2.4%25.7%38.5%
Max Negative-3.6%-13.5%-15.7%

SEC Filings

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Report DateFiling DateFiling
03/31/202605/11/202610-Q
12/31/202503/09/202610-K
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202505/15/202510-Q
12/31/202403/27/202510-K
09/30/202411/20/202410-Q
06/30/202410/25/2024424B4

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bhatt, ElizabethPresident and COODirectSell417202624.344,00097,3434,239,522Form
2Shaikhly, SamiraChief People OfficerDirectSell304202628.1070,4531,979,83822,285Form
3Bhatt, ElizabethPresident and COODirectSell220202628.974,000115,8605,045,975Form
4Long, Daniel DSVP, Drug DiscoveryDirectSell1113202518.063,50163,2231,677,843Form