Cogent Biosciences, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:42:00Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -266.00M | -208.36M | -156.42M | -125.50M | -60.48M | — |
| EBITDA | -330.76M | -273.44M | -205.83M | -147.04M | -75.40M | -81.48M |
| Working Capital | 846.40M | 240.76M | 232.60M | 238.12M | 205.56M | 231.82M |
| Net Debt | -73.22M | -80.70M | -34.38M | -120.24M | -216.53M | -236.98M |
| Operating Margin | — | — | — | — | — | -1044.33% |
| Net Margin | — | — | — | — | — | -950.43% |
| Return on Equity (ROE) | -51.69% | -99.83% | -74.63% | -54.84% | -33.74% | -31.88% |
| Return on Assets (ROA) | -35.08% | -78.03% | -61.39% | -46.62% | -31.14% | -29.81% |
| Current Ratio | 14.23× | 5.32× | 7.09× | 9.87× | 13.04× | 18.70× |
| Debt-to-Equity | 0.38× | 0.07× | 0.07× | 0.08× | 0.01× | 0.02× |
| Cash Conversion Ratio | 0.80× | 0.81× | 0.80× | 0.85× | 0.81× | 0.48× |
| Accruals Ratio | -0.07× | -0.15× | -0.12× | -0.07× | -0.06× | -0.16× |
| SBC % of Revenue | — | — | — | — | — | 76.45% |
| CapEx Coverage | -170.17× | -362.64× | -54.94× | -17.29× | -34.18× | — |
| Free Cash Flow Per Share | $-2.06 | $-2.01 | $-1.96 | $-2.14 | $-1.56 | — |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Research and Development Expense | 269.78M | 232.66M | 173.75M | 121.63M | 55.91M | 25.74M |
| Operating Income (Loss) | -333.36M | -275.94M | -208.13M | -147.84M | -75.55M | -82.20M |
| Income Tax Expense (Benefit) | 0 | — | — | — | — | — |
| Net Income (Loss) Attributable to Parent | -328.94M | -255.86M | -192.41M | -140.24M | -72.27M | -74.81M |
| Earnings Per Share, Basic | $-2.16 | $-1.94 | $-1.94 | $-1.73 | $-1.87 | — |
| Weighted Average Number of Shares Outstanding, Basic | 128.90M | 103.86M | 79.66M | 58.74M | 38.73M | — |
| Earnings Per Share, Diluted | $-2.16 | $-1.94 | $-1.94 | $-1.73 | $-1.87 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 128.90M | 103.86M | 79.66M | 58.74M | 38.73M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 312.01M | 98.17M | 53.23M | 139.89M | 219.68M | 242.19M |
| Assets, Current | 910.36M | 296.47M | 270.77M | 264.97M | 222.63M | 244.91M |
| Assets | 937.61M | 327.90M | 313.44M | 300.81M | 232.09M | 250.92M |
| Long-term Debt | 222.90M | — | — | — | — | — |
| Liabilities, Current | 63.95M | 55.71M | 38.17M | 26.85M | 17.08M | 13.09M |
| Long-term Debt, Excluding Current Maturities | — | 0 | — | — | — | — |
| Liabilities | 301.24M | 71.61M | 55.63M | 45.08M | 17.91M | 16.25M |
| Stockholders' Equity Attributable to Parent | 636.37M | 256.29M | 257.80M | 255.74M | 214.18M | 234.67M |
| Common Stock, Shares, Outstanding | 160.98M | 110.46M | 86.12M | 69.89M | 43.81M | 32.35M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -264.44M | -207.79M | -153.62M | -118.64M | -58.76M | -35.85M |
| Payments to Acquire Property, Plant, and Equipment | 1.55M | 573.00K | 2.80M | 6.86M | 1.72M | — |
| Net Cash Provided by (Used in) Investing Activities | -399.53M | 38.28M | -97.82M | -124.72M | -1.72M | 8.42M |
| Net Cash Provided by (Used in) Financing Activities | 878.23M | 214.45M | 163.54M | 163.56M | 37.98M | 232.20M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -87.33M | -79.92M | -186.08M | -121.73M | -67.06M | -60.65M |
| EBITDA | -102.98M | -98.83M | — | — | -74.29M | -73.06M |
| Working Capital | 819.82M | 846.40M | 335.00M | 186.59M | 203.57M | 240.76M |
| Net Debt | -2.56M | -73.22M | -64.74M | -66.94M | -108.91M | -80.70M |
| Return on Equity (ROE) | -16.02% | -16.11% | -26.76% | -47.43% | -32.87% | -26.50% |
| Return on Assets (ROA) | -10.78% | -10.93% | -19.00% | -26.76% | -25.37% | -20.72% |
| Current Ratio | 15.14× | 14.23× | 6.38× | 4.19× | 5.13× | 5.32× |
| Debt-to-Equity | 0.39× | 0.38× | 0.20× | 0.39× | 0.08× | 0.07× |
| Cash Conversion Ratio | 0.89× | 0.77× | 2.29× | 1.65× | 0.92× | 0.89× |
| Accruals Ratio | -0.01× | -0.02× | 0.25× | 0.17× | -0.02× | -0.02× |
| CapEx Coverage | -193.50× | -97.54× | -249.45× | -178.54× | -121.59× | -807.69× |
| Free Cash Flow Per Share | $-0.54 | $-0.62 | $-1.35 | $-1.06 | $-0.59 | $-0.58 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/B | 10.82× | 8.99× | 6.64× | 5.28× | 3.11× | 3.36× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Research and Development Expense | 75.36M | 75.56M | 68.99M | 62.20M | 63.03M | 62.05M |
| Operating Income (Loss) | -103.61M | -99.49M | -83.36M | -75.58M | -74.93M | -73.73M |
| Net Income (Loss) Attributable to Parent | -97.35M | -102.49M | -80.93M | -73.53M | -71.99M | -67.93M |
| Earnings Per Share, Basic | $-0.53 | $-0.61 | $-0.50 | $-0.53 | $-0.52 | $-0.50 |
| Weighted Average Number of Shares Outstanding, Basic | 162.19M | 128.90M | 137.55M | 114.47M | 113.31M | 103.86M |
| Earnings Per Share, Diluted | $-0.53 | $-0.61 | $-0.50 | $-0.53 | $-0.52 | $-0.50 |
| Weighted Average Number of Shares Outstanding, Diluted | 162.19M | 128.90M | 137.55M | 114.47M | 113.31M | 103.86M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 241.21M | 312.01M | 125.30M | 127.60M | 126.00M | 98.17M |
| Assets, Current | 877.80M | 910.36M | 397.24M | 245.01M | 252.88M | 296.47M |
| Assets | 903.01M | 937.61M | 425.93M | 274.82M | 283.80M | 327.90M |
| Long-term Debt | 223.17M | 222.90M | 44.25M | 43.95M | — | — |
| Liabilities, Current | 57.98M | 63.95M | 62.25M | 58.42M | 49.32M | 55.71M |
| Long-term Debt, Excluding Current Maturities | — | — | 44.25M | 43.95M | — | 0 |
| Liabilities | 295.31M | 301.24M | 123.47M | 119.78M | 64.80M | 71.61M |
| Stockholders' Equity Attributable to Parent | 607.69M | 636.37M | 302.46M | 155.04M | 219.00M | 256.29M |
| Common Stock, Shares, Outstanding | 170.77M | 160.98M | 139.83M | 113.93M | 113.86M | 110.46M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -86.88M | -79.11M | -185.34M | -121.05M | -66.51M | -60.58M |
| Payments to Acquire Property, Plant, and Equipment | 449.00K | 811.00K | 743.00K | 678.00K | 547.00K | 75.00K |
| Net Cash Provided by (Used in) Investing Activities | -36.46M | -322.77M | -76.76M | 78.29M | 69.38M | 61.67M |
| Net Cash Provided by (Used in) Financing Activities | 52.54M | 588.67M | 289.56M | 72.20M | 24.97M | 26.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (COGT CIK 0001622229),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
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description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.