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SGMT — Sagimet Biosciences Inc.

SGMT (Sagimet Biosciences Inc.) stock: $9.85, $694.7M market cap, $257.6M cash, $437.1M EV, $706.3M fully diluted market cap. Data from Fully Diluted's biotech stocks database.

What they do

We are a clinical-stage biopharmaceutical company developing novel therapeutics called fatty acid synthase (FASN) inhibitors that target dysfunctional metabolic and fibrotic pathways in diseases resulting from the overproduction of the fatty acid, palmitate. Our lead drug candidate, denifanstat, is an oral, once-daily pill and selective FASN inhibitor in development for the treatment of metabolic dysfunction-associated steatohepatitis (MASH), acne and select forms of cancer.

Source: 10-K FY2025 via SEC EDGAR

Share price
$9.85
Market cap
$694.7M
Cash
$257.6M
Enterprise value
$437.1M

Balance sheet

Cash$257.6M
Debt$0.0M
Net cash$257.6M
Enterprise value$437.1M
Basic shares62.2M shares
Fully diluted shares71.7M shares
Fully diluted market cap$706.3M
Cash per share$4.14
Quarterly burn$11.1M
Cash runway23.2 quarters

Cash figures as of 2026-06-30. Database snapshot: 2026-11-07.

Share structure

Common
62.2M
Pre-funded warrants
0.0M
Options
7.6M
RSUs
1.1M
Warrants
0.0M
Converts
0.0M
Conv preferred
0.0M
ESPP reserve
0.8M
FDSO
71.7M

Cap table as of 2026-08-04.

Price history

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