Cogent Biosciences, Inc., a clinical-stage biotechnology company, focuses on developing precision therapies for genetically defined diseases. Its lead product candidate includes bezuclastinib (CGT9486), a selective tyrosine kinase inhibitor in Phase 3 trial designed to target mutations within the KIT receptor tyrosine kinase, including KIT D816V mutation that drives systemic mastocytosis, as well as other mutations in KIT exon 17, which are found in patients with advanced gastrointestinal stromal tumors. The company also develops CGT4859, a reversible and selective fibroblast growth factor receptor 2 inhibitor in Phase 1 trial for patients with documented FGFR mutations, including advanced cholangiocarcinoma; CGT4255, a novel ErbB2 mutant program, which is focused on actionable and underserved mutations in a solid tumor systemic and CNS involved indications; and CGT6297, a Novel PI3Ka mutant-selective inhibitor. It has a licensing agreement with Plexxikon Inc. for the research, development, and commercialization of bezuclastinib. Cogent Biosciences, Inc. is headquartered in Waltham, Massachusetts.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $0M | $-321M | $-329M | $-266M | -51.7% | - | - |
| 2024 | $0M | $-252M | $-256M | $-208M | -99.8% | - | - |
| 2023 | $0M | $-189M | $-192M | $-156M | -74.6% | - | - |
| 2022 | $0M | $-142M | $-140M | $-126M | -54.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 0 | 0 | 0 | 0 |
| Operating Expense | 147.84 | 208.13 | 275.94 | 333.36 |
| Operating Income | -147.84 | -208.13 | -275.94 | -333.36 |
| EBITDA | -141.96 | -188.82 | -251.51 | -321.29 |
| EBIT | -147.84 | -192.41 | -255.86 | -325.88 |
| Pretax Income | -140.24 | -192.41 | -255.86 | -328.94 |
| Net Income | -140.24 | -192.41 | -255.86 | -328.94 |
| Net Income Common Stockholders | -140.24 | -192.41 | -255.86 | -328.94 |
| Total Expenses | 147.84 | 208.13 | 275.94 | 333.36 |
| Interest Expense | 0 | 0 | 0 | 3.06 |
| Interest Income | 3.99 | 13.08 | 18.09 | 14.69 |
| Research And Development | 121.63 | 173.75 | 232.66 | 269.78 |
| Selling General And Administration | 26.21 | 34.38 | 43.28 | 63.58 |
| Normalized EBITDA | -141.96 | -188.82 | -251.51 | -314.11 |
| Normalized Income | -140.24 | -192.41 | -255.86 | -321.76 |
| Basic EPS | -2.39 | -2.42 | -2.32 | 0 |
| Diluted EPS | -2.39 | -2.42 | -2.32 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Total Unusual Items | 0 | 0 | 0 | -7.18 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | -7.18 |
| Net Income From Continuing Operation Net Minority Interest | -140.24 | -192.41 | -255.86 | -328.94 |
| Reconciled Depreciation | 5.88 | 3.59 | 4.35 | 4.58 |
| Net Interest Income | 3.99 | 13.08 | 18.09 | 0 |
| Net Income From Continuing And Discontinued Operation | -140.24 | -192.41 | -255.86 | -328.94 |
| Total Operating Income As Reported | -147.84 | -208.13 | -275.94 | -333.36 |
| Diluted Average Shares | 58.74 | 79.66 | 110.46 | 0 |
| Basic Average Shares | 58.74 | 79.66 | 110.46 | 0 |
| Diluted NI Availto Com Stockholders | -140.24 | -192.41 | -255.86 | -328.94 |
| Net Income Including Noncontrolling Interests | -140.24 | -192.41 | -255.86 | -328.94 |
| Net Income Continuous Operations | -140.24 | -192.41 | -255.86 | -328.94 |
| Other Income Expense | 3.61 | 2.64 | 1.99 | -7.20 |
| Other Non Operating Income Expenses | 3.61 | 2.64 | 1.99 | -0.02 |
| Special Income Charges | 0 | 0 | 0 | -7.18 |
| Gain On Sale Of Ppe | 0 | 0 | 0 | 0 |
| Other Special Charges | 0 | 0 | 0 | 7.18 |
| Net Non Operating Interest Income Expense | 3.99 | 13.08 | 18.09 | 11.63 |
| Interest Expense Non Operating | 0 | 0 | 0 | 3.06 |
| Interest Income Non Operating | 3.99 | 13.08 | 18.09 | 14.69 |
| General And Administrative Expense | 26.21 | 34.38 | 43.28 | 63.58 |
| Other Gand A | 26.21 | 34.38 | 43.28 | 63.58 |
| Operating Revenue | 0 | 0 | 0 | 0 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cogent Biosciences, Inc.this co. | COGT | $6.1B | - | 10.56 | -51.7% | -15.73 |
| Kymera Therapeutics, Inc. | KYMR | $6.7B | - | 4.20 | -19.7% | -17.38 |
| Spyre Therapeutics, Inc. | SYRE | $6.2B | - | 10.05 | 0.0% | - |
| Terns Pharmaceuticals, Inc. | TERN | $6.1B | - | 5.91 | -9.6% | -46.26 |
| Hims & Hers Health, Inc. | HIMS | $6.1B |
| 51.63 |
| 11.06 |
| 23.7% |
| 37.26 |
| Celcuity Inc. | CELC | $5.8B | - | 57.10 | -176.1% | -32.74 |
| Mirum Pharmaceuticals, Inc. | MIRM | $5.7B | - | 15.53 | -7.4% | 2666.18 |
| CG Oncology, Inc. | CGON | $5.7B | - | 6.94 | -21.4% | -24.99 |
| Rhythm Pharmaceuticals, Inc. | RYTM | $5.6B | - | 39.69 | -72.8% | -28.64 |
| Peer Median | - | 51.63 | 10.56 | -14.6% | -24.99 | |