Cogent Biosciences, Inc.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
View on SEC.govAbout this filing
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FY2025 · Filed Feb 17, 2026
COGT$31.64-5.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity
(In thousands, except share amounts)
| Series A Non-Voting Convertible · Series B Non-Voting Convertible · Additional · Accumulated · Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Stock · Preferred Stock · Common Stock · Paid-in · Other Comprehensive · Accumulated · Stockholders’ | |||||||||||
| Shares · Amount · Shares · Amount · Shares · Amount · Capital · (Income) Loss · Deficit · Equity | |||||||||||
| Balances at December 31, 2022 | 81,050 | $65,830 | — | $— | 69,893,434 | $70 | $601,153 | $(104) | $(411,214) | $255,735 | |
| Issuance of common stock in underwritten public offering, net of offering costs of $10.7 million | — | — | — | — | 14,375,000 | 14 | 161,775 | — | — | 161,789 | |
| Conversion of Series A non-voting convertible preferred stock into common stock | (6,585) | (5,795) | — | — | 1,646,250 | 2 | 5,793 | — | — | — | |
| Issuance of common stock under Employee Stock Purchase Plan | — | — | — | — | 85,878 | — | 752 | — | — | 752 | |
| Issuance of common stock from exercises | — | — | — | — | 123,687 | — | 965 | — | — | 965 | |
| Unrealized gains on marketable securities | — | — | — | — | — | — | — | 350 | — | 350 | |
| Stock-based compensation expense | — | — | — | — | — | — | 30,621 | — | — | 30,621 | |
| Net loss | — | — | — | — | — | — | — | — | (192,410) | (192,410) | |
| Balances at December 31, 2023 | 74,465 | $60,035 | — | $— | 86,124,249 | $86 | $801,059 | $246 | $(603,624) | $257,802 | |
| Issuance of Series B non-voting convertible preferred stock and common stock, net of issuance costs of $11.7 million, in connection with the Private Placement | — | — | 12,280 | 87,311 | 17,717,997 | 18 | 125,958 | — | — | 213,287 | |
| Exchange of common stock for Series B non-voting convertible preferred stock | — | — | 8,300 | 74,754 | (8,300,000) | (8) | (74,746) | — | — | — | |
| Conversion of Series B non-voting convertible preferred stock into common stock | — | — | (13,712) | (107,980) | 13,712,000 | 13 | 107,967 | — | — | — | |
| Conversion of Series A non-voting convertible preferred stock into common stock | (4,000) | (3,520) | — | — | 1,000,000 | 1 | 3,519 | — | — | — | |
| Issuance of common stock under Employee Stock Purchase Plan | — | — | — | — | 176,893 | — | 916 | — | — | 916 | |
| Issuance of common stock from exercises | — | — | — | — | 30,590 | — | 199 | — | — | 199 | |
| Unrealized gains on marketable securities | — | — | — | — | — | — | — | 201 | — | 201 | |
| Stock-based compensation expense | — | — | — | — | — | — | 39,740 | — | — | 39,740 | |
| Net loss | — | — | — | — | — | — | — | — | (255,859) | (255,859) | |
| Balances at December 31, 2024 | 70,465 | $56,515 | 6,868 | $54,085 | 110,461,729 | $110 | $1,004,612 | $447 | $(859,483) | $256,286 | |
| Issuance of common stock in underwritten public offerings, net of offering costs of $35.3 million | — | — | — | — | 36,684,589 | 37 | 539,675 | — | — | 539,712 | |
| Issuance of common stock under ATM, net of issuance costs of $4.9 million | — | — | — | — | 7,623,189 | 8 | 159,315 | — | — | 159,323 | |
| Conversion of Series A non-voting preferred stock into common stock | (3,051) | (2,685) | — | — | 762,750 | 1 | 2,684 | — | — | — | |
| Conversion of Series B non-voting preferred stock into common stock | — | — | (2,352) | (18,522) | 2,352,000 | 2 | 18,520 | — | — | — | |
| Restricted stock units vesting | — | — | — | — | 2,794,000 | — | — | — | |||
| Shares withheld related to net share settlement of equity awards | — | — | — | — | (1,239,443) | — | (48,896) | (48,896) | |||
| Issuance of common stock from exercises | — | — | — | — | 1,327,446 | 2 | 11,544 | — | — | 11,546 | |
| Issuance of common stock under Employee Stock Purchase Plan | — | — | — | — | 213,764 | 1 | 1,349 | — | — | 1,350 | |
| Stock-based compensation expense | — | — | — | — | — | — | 46,079 | — | — | 46,079 | |
| Unrealized losses on marketable securities | — | — | — | — | — | — | — | (92) | — | (92) | |
| Net loss | — | — | — | — | — | — | — | — | (328,937) | (328,937) | |
| Balances at December 31, 2025 | 67,414 | $53,830 | 4,516 | $35,563 | 160,980,024 | $161 | $1,734,882 | $355 | $(1,188,420) | $636,371 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.