$SERA

SERA PROGNOSTICS, INC.

CIK:0001534969|SEC Filings

Condensed Statements of Operations and Comprehensive Loss (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 30	$ 17	$ 44	$ 55
Operating expenses:
Cost of revenue	50	41	92	81
Research and development	3,493	3,337	6,523	6,671
Selling and marketing	2,243	1,821	4,255	3,291
General and administrative	4,248	4,138	8,538	8,582
Total operating expenses	10,034	9,337	19,408	18,625
Loss from operations	(10,004)	(9,320)	(19,364)	(18,570)
Interest expense	(2)	(2)	(4)	(6)
Other income, net	867	1,276	1,830	2,343
Net loss	$ (9,139)	$ (8,046)	$ (17,538)	$ (16,233)
Net loss per share, basic	$ (0.18)	$ (0.16)	$ (0.35)	$ (0.36)
Net loss per share, diluted	$ (0.18)	$ (0.16)	$ (0.35)	$ (0.36)
Weighted-average shares outstanding, basic	50,476,874	49,066,398	50,368,464	45,536,846
Weighted-average shares outstanding, diluted	50,476,874	49,066,398	50,368,464	45,536,846
Other comprehensive (loss) income:
Unrealized (loss) gain on available-for-sale debt securities, net of tax	$ (64)	$ 69	$ (310)	$ 85
Total other comprehensive (loss) income	(64)	69	(310)	85
Comprehensive loss	$ (9,203)	$ (7,977)	$ (17,848)	$ (16,148)

Condensed Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net loss	$ (17,538)	$ (16,233)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	384	453
Stock-based compensation	1,658	2,837
Non-cash lease expense	125	301
Non-cash investment income, net	230	39
Other	(18)	(5)
Changes in operating assets and liabilities:
Accounts receivable	2	17
Other receivables	0	19
Prepaid expenses and other assets	(821)	603
Accounts payable	741	(967)
Accrued and other current liabilities	171	(87)
Deferred revenue	(19)	(3)
Net cash used in operating activities	(15,085)	(13,026)
Cash flows from investing activities
Purchases of marketable securities	(11,671)	(71,863)
Proceeds from maturities and sales of marketable securities	27,110	32,586
Purchases of property and equipment	(24)	(284)
Purchase of intangible assets	(36)	0
Net cash provided by (used in) investing activities	15,379	(39,561)
Cash flows from financing activities
Proceeds from public offering of common stock, net of issuance costs	0	53,610
Proceeds from exercise of stock options	63	48
Proceeds from employee stock purchase plan	99	75
Finance lease principal payments	(2)	(173)
Net cash provided by financing activities	160	53,560
Net increase in cash and cash equivalents	454	973
Cash and cash equivalents at beginning of period	3,944	4,043
Cash and cash equivalents at end of period	4,398	5,016
Supplemental disclosure of cash flow information
Cash paid for interest	3	6
Supplemental disclosure of non-cash investing and financing information
Purchases of property and equipment in accounts payable and accrued and other current liabilities	$ 50	$ 76

Condensed Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 4,398	$ 3,944
Marketable securities	42,047	35,257
Accounts receivable	10	12
Prepaid expenses and other current assets	1,679	1,557
Total current assets	48,134	40,770
Property and equipment, net	1,422	1,149
Long-term marketable securities	33,813	56,579
Intangible assets, net	888	910
Other assets	2,480	2,525
Total assets	86,737	101,933
Current liabilities:
Accounts payable	1,190	862
Accrued and other current liabilities	2,870	3,009
Finance lease obligation, current portion	0	2
Deferred revenue	20,296	20,315
Total current liabilities	24,356	24,188
Operating lease obligation, net of current portion	3,001	2,337
Total liabilities	27,357	26,525
Commitments and contingencies (Note 13)
Stockholders' equity:
Common stock, $0.0001 par value; 150,000,000 Class A shares authorized; 38,470,210 and 37,976,764 Class A shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively; 1,500,000 Class B shares authorized; 967,759 Class B shares issued and outstanding as of June 30, 2026 and December 31, 2025.	4	4
Additional paid-in capital	388,684	386,864
Accumulated other comprehensive (loss) income	(48)	262
Accumulated deficit	(329,260)	(311,722)
Total stockholders' equity	59,380	75,408
Total liabilities and stockholders' equity	$ 86,737	$ 101,933