NASDAQ · Financial Statements

Cogent Biosciences, Inc. (COGT) Financial Statements

$31.21 NASDAQ: COGT Market Cap $5.42B

Cogent Biosciences, Inc. most recently reported annual revenue of $0, a net loss of $329.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Cogent Biosciences, Inc.: Revenue fell from $6.0M in 2016 to $0 in 2025, a change of -100.0% over 9 years; net profit was positive in 0 of 10 reported years; operating margin moved from -300.1% to -1044.3%, a shift of -744.3 percentage points; the most recent year shows a net loss of $329.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$6.0M$8.0M$10.0M$22.0M$8.0M$0$0$0$0$0
Operating Expenses$25.0M$35.0M$46.0M$55.0M$90.0M$76.0M$148.0M$208.0M$276.0M$333.0M
Operating Profit$-19.0M$-26.0M$-36.0M$-32.0M$-82.0M$-76.0M$-148.0M$-208.0M$-276.0M$-333.0M
Operating Margin-300.1%-312.8%-369.9%-143.0%-1044.3%0.0%0.0%0.0%0.0%0.0%
Other Income$1.0M$1.0M$1.0M$0$7.0M$3.0M$8.0M$16.0M$20.0M$4.0M
Interest$0$0$0$0$0$0$4.0M$0$0$3.0M
Depreciation$1.0M$1.0M$1.0M$1.0M$1.0M$2.0M$6.0M$4.0M$4.0M$5.0M
Profit Before Tax$-18.0M$-25.0M$-35.0M$-32.0M$-75.0M$-72.0M$-140.0M$-192.0M$-256.0M$-329.0M
Tax$0$0$0$0$0$0$0$0$0$0
Net Profit$-18.0M$-25.0M$-35.0M$-30.0M$-75.0M$-72.0M$-140.0M$-192.0M$-256.0M$-329.0M
EPS$-2.45$-3.45$-5.55$-3.97$-6.00$-1.85$-2.26$-2.42$-2.32$-2.04
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$0$0$0$0$0$0$0$0$0$0$0$0
Operating Expenses$60.0M$58.0M$62.0M$64.0M$75.0M$74.0M$75.0M$76.0M$83.0M$99.0M$104.0M$103.0M
Operating Profit$-60.0M$-58.0M$-62.0M$-64.0M$-75.0M$-74.0M$-75.0M$-76.0M$-83.0M$-99.0M$-104.0M$-103.0M
Operating Margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Interest$0$0$0$0$0$0$0$0$1.0M$1.0M$1.0M$1.0M
Profit Before Tax$-55.0M$-54.0M$-58.0M$-59.0M$-71.0M$-68.0M$-72.0M$-74.0M$-81.0M$-102.0M$-97.0M$-96.0M
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$-55.0M$-54.0M$-58.0M$-59.0M$-71.0M$-68.0M$-72.0M$-74.0M$-81.0M$-102.0M$-97.0M$-96.0M
EPS$-0.64$-0.63$-0.62$-0.59$-0.64$-0.61$-0.63$-0.65$-0.58$-0.64$-0.57$-0.52

Over the 10 years reported for Cogent Biosciences, Inc., cash stood at $312.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 14.22 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$76.0M$49.0M$86.0M$49.0M$251.0M$232.0M$301.0M$313.0M$328.0M$938.0M
Current Assets$70.0M$42.0M$81.0M$41.0M$245.0M$223.0M$265.0M$271.0M$296.0M$910.0M
Cash$41.0M$28.0M$56.0M$37.0M$242.0M$220.0M$140.0M$53.0M$98.0M$312.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$1.0M$1.0M$2.0M$2.0M$0$0$0$0$0$0
Fixed Assets$5.0M$4.0M$3.0M$7.0M$5.0M$4.0M$31.0M$30.0M$27.0M$24.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$28.0M$14.0M$24.0M$0$0$1.0M$119.0M$220.0M$189.0M$589.0M
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$23.0M$21.0M$26.0M$18.0M$16.0M$18.0M$45.0M$56.0M$72.0M$301.0M
Current Liabilities$9.0M$11.0M$25.0M$13.0M$13.0M$17.0M$27.0M$38.0M$56.0M$64.0M
Borrowings$0$0$0$6.0M$5.0M$3.0M$20.0M$19.0M$17.0M$253.0M
Other Liabilities$23.0M$21.0M$26.0M$12.0M$11.0M$15.0M$25.0M$37.0M$54.0M$48.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$52.0M$28.0M$60.0M$32.0M$235.0M$214.0M$256.0M$258.0M$256.0M$636.0M

For Cogent Biosciences, Inc., operating cash flow was positive in 0 of 10 reported years; free cash flow in the latest year was negative at $266.0M; free cash flow was positive in 0 of 10 years; financing activities used $49.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-19.0M$-26.0M$-32.0M$-42.0M$-36.0M$-59.0M$-119.0M$-154.0M$-208.0M$-264.0M
Investing Cash Flow$-34.0M$13.0M$-11.0M$23.0M$8.0M$-3.0M$-132.0M$-101.0M$38.0M$-401.0M
Financing Cash Flow$0$-1.0M$-1.0M$0$1.0M$0$2.0M$0$1.0M$-49.0M
Net Cash Flow$-49.0M$-13.0M$27.0M$-18.0M$205.0M$-23.0M$-80.0M$-88.0M$45.0M$214.0M
Free Cash Flow$-22.0M$-27.0M$-33.0M$-42.0M$-36.0M$-60.0M$-126.0M$-156.0M$-208.0M$-266.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-1.47
EV / EBITDA-14.32
FCF Yield-5.86%
Quick Ratio13.57
Interest Coverage-75.14
Return 1Y168.62%
Return 3Y171.56%
Return 5Y319.54%

Cogent Biosciences, Inc. (COGT) financials — frequently asked questions

What is Cogent Biosciences, Inc.'s annual revenue?

Cogent Biosciences, Inc. (COGT) reported annual revenue of $0 in its most recent fiscal year.

What is Cogent Biosciences, Inc.'s net profit?

Cogent Biosciences, Inc. (COGT) reported a net loss of $329.0M in its most recent fiscal year.

What is COGT EV/EBITDA?

Cogent Biosciences, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -14.32. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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