As of Sep 30, 2026, Semnur Pharmaceuticals, Inc. had total assets of $2.0 million and total liabilities of $35.3 million. Total assets were up 159.6% from a year earlier. Stockholders' equity was negative, at -$33.3 million, because liabilities exceed assets. Cash and investments were $54,000. The current ratio, current assets divided by current liabilities, was 0.11.
USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.
| Line |
FY 2026
Sep 30, 2026
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
|---|---|---|---|---|---|
| Assets | |||||
| Cash |
0
-36.5%
|
0
|
—
|
0
-75.1%
|
1
|
| Cash and investments |
0
-36.5%
|
0
|
—
|
0
-75.1%
|
1
|
| Total current assets |
1
+1381.2%
|
1
-90.1%
|
6
+2762.4%
|
0
-76.9%
|
1
|
| Property and equipment, net |
1
+8.9%
|
1
|
—
|
—
|
—
|
| Total assets |
2
+159.6%
|
1
-79.9%
|
7
-86.8%
|
51
-41.3%
|
86
|
| Liabilities and equity | |||||
| Accounts payable |
7
+65.7%
|
6
|
—
|
—
|
—
|
| Total current liabilities |
11
+12.4%
|
10
+28951.4%
|
0
-99.4%
|
6
+333.9%
|
1
|
| Total liabilities |
35
+129.8%
|
22
-55.3%
|
49
+482.6%
|
8
+103.2%
|
4
|
| Stockholders' equity |
-33
-128.2%
|
-21
+51.5%
|
-43
-12.3%
|
-38
-1064.5%
|
-3
|
| Ratios | |||||
| Current ratio |
0.11x
|
0.06x
|
171.29x
|
0.04x
|
0.70x
|
| Return on assets |
-931.51%
|
-11,917.98%
|
-70.17%
|
1.25%
|
-0.49%
|
| Book value per share |
-0.15
|
-0.09
|
—
|
—
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.
Company profile
- Industry
- Pharmaceutical Preparations (SIC 2834)
- Listed as
- SMNR (OTC), SMNRW (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Palo Alto, CA
- SEC filer status
- Non-accelerated filer, Smaller reporting company, Emerging growth company
- SEC CIK
- 1913577
- Former names
- Denali Capital Acquisition Corp. (until Sep 23, 2025)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.