SION on Nasdaq
Sionna Therapeutics, Inc.
American pharmaceutical preparations company, incorporated in Delaware. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerSION on Nasdaq1
- IndustryPharmaceutical Preparations1
- HeadquartersWaltham, Massachusetts1
- Incorporated inDE2
- Business address21 Hickory Drive, Suite 500, Waltham, Ma 024512
- Filer category, Emerging growth company2
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We are a clinical-stage biopharmaceutical company on a mission to revolutionize the current treatment paradigm for cystic fibrosis (“CF”) by developing novel medicines that normalize the function of the cystic fibrosis transmembrane conductance regulator (“CFTR”) protein to deliver clinically meaningful benefit to people with CF. CF is a progressive and life-threatening genetic disease caused by inherited mutations in the CFTR gene, which lead to insufficient CFTR function. While advances in the discovery and development of CFTR modulators have significantly improved the lives of people with CF, at least two-thirds of patients on the current standard of care do not have normal CFTR function, defined as sweat chloride levels below 30 mmol/L. Patients with reduced CFTR function can experience debilitating multi-system complications that lead to significantly impaired quality of life and sh…3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development | $60.3M | $57.3M |
| General and administrative | $28.7M | $13.3M |
| Total operating expenses | $89.0M | $70.6M |
| Loss from operations | -$89.0M | -$70.6M |
| Interest income | $13.3M | $8.2M |
| Other income | $419.0K | $698.0K |
| Total other income | $13.7M | $8.9M |
| Net loss | -$75.3M | -$61.7M |
| Net loss per share, basic (in dollars per share) | -$1.88 | -$15.99 |
| Net loss per share, diluted (in dollars per share) | -$1.88 | -$15.99 |
| Weighted-average common shares outstanding, basic (in shares) | 40.0M shares | 3.9M shares |
| Weighted-average common shares outstanding, diluted (in shares) | 40.0M shares | 3.9M shares |
| Unrealized gain on marketable securities | $172.0K | $368.0K |
| Total other comprehensive gain | $172.0K | $368.0K |
| Comprehensive loss | -$75.1M | -$61.3M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2025-02-28 | 2024-12-31 | 2023-12-31 | 2022-05-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $58.5M | $37.8M | |||
| Marketable securities, current | $177.4M | $109.8M | |||
| Prepaid expenses and other current assets | $5.5M | $3.5M | |||
| Total current assets | $241.4M | $151.0M | |||
| Property and equipment, net | $2.2M | $2.5M | |||
| Marketable securities, noncurrent | $74.4M | $20.5M | |||
| Restricted cash | $963.0K | $962.0K | |||
| Operating lease right-of-use asset | $6.9M | $7.8M | $9.5M | ||
| Other assets | $0 | $3.0M | |||
| Total assets | $326.0M | $185.8M | |||
| Accounts payable | $769.0K | $1.2M | |||
| Accrued expenses | $9.7M | $8.2M | |||
| Operating lease liability, current | $1.3M | $1.1M | |||
| Other current liabilities | $6.0K | $0 | |||
| Total current liabilities | $11.7M | $10.4M | |||
| Operating lease liability, noncurrent | $7.4M | $8.7M | |||
| Total liabilities | $19.1M | $19.1M | |||
| Convertible preferred stock, value | $0 | $330.4M | |||
| Preferred stock, $0.001 par value, 10,000,000 and no shares authorized as of December 31, 2025 and December 31, 2024, respectively; no shares issued or outstanding as of December 31, 2025 and December 31, 2024 | $0 | $0 | |||
| Common stock, $0.001 par value, 500,000,000 and 55,200,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; 44,723,585 and 4,798,721 shares issued, 44,723,585 and 4,722,763 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | $45.0K | $5.0K | |||
| Additional paid-in capital | $562.6M | $17.0M | |||
| Accumulated other comprehensive income | $540.0K | $368.0K | |||
| Accumulated deficit | -$256.4M | -$181.1M | |||
| Total stockholders equity (deficit) | $306.8M | -$163.7M | -$114.9M | ||
| Total liabilities, convertible preferred stock and stockholders equity (deficit) | $326.0M | $185.8M | |||
| Convertible preferred stock, shares outstanding (in shares) | 0 shares | ||||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | 0 shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 500.0M shares | 500.0M shares | 55.2M shares | ||
| Common stock, shares issued (in shares) | 44.7M shares | 4.8M shares | |||
| Common stock, shares outstanding (in shares) | 44.7M shares | 4.7M shares |
| Period ending | 2025-12-31 | 2025-02-28 | 2024-12-31 | 2023-12-31 | 2022-05-31 | 2019-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $58.5M | $37.8M | ||||
| Marketable securities, current | $177.4M | $109.8M | ||||
| Prepaid expenses and other current assets | $5.5M | $3.5M | ||||
| Total current assets | $241.4M | $151.0M | ||||
| Property and equipment, net | $2.2M | $2.5M | ||||
| Marketable securities, noncurrent | $74.4M | $20.5M | ||||
| Restricted cash | $963.0K | $962.0K | ||||
| Operating lease right-of-use asset | $6.9M | $7.8M | $9.5M | |||
| Other assets | $0 | $3.0M | ||||
| Total assets | $326.0M | $185.8M | ||||
| Accounts payable | $769.0K | $1.2M | ||||
| Accrued expenses | $9.7M | $8.2M | ||||
| Operating lease liability, current | $1.3M | $1.1M | ||||
| Other current liabilities | $6.0K | $0 | ||||
| Total current liabilities | $11.7M | $10.4M | ||||
| Operating lease liability, noncurrent | $7.4M | $8.7M | ||||
| Total liabilities | $19.1M | $19.1M | ||||
| Convertible preferred stock, value | $0 | $330.4M | ||||
| Preferred stock, $0.001 par value, 10,000,000 and no shares authorized as of December 31, 2025 and December 31, 2024, respectively; no shares issued or outstanding as of December 31, 2025 and December 31, 2024 | $0 | $0 | ||||
| Common stock, $0.001 par value, 500,000,000 and 55,200,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; 44,723,585 and 4,798,721 shares issued, 44,723,585 and 4,722,763 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | $45.0K | $5.0K | ||||
| Additional paid-in capital | $562.6M | $17.0M | ||||
| Accumulated other comprehensive income | $540.0K | $368.0K | ||||
| Accumulated deficit | -$256.4M | -$181.1M | ||||
| Total stockholders equity (deficit) | $306.8M | -$163.7M | -$114.9M | |||
| Total liabilities, convertible preferred stock and stockholders equity (deficit) | $326.0M | $185.8M | ||||
| Convertible preferred stock, shares outstanding (in shares) | 0 shares | |||||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | 0 shares | |||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |||
| Common stock, shares authorized (in shares) | 500.0M shares | 500.0M shares | 55.2M shares | |||
| Common stock, shares issued (in shares) | 44.7M shares | 4.8M shares | 684.4K shares | |||
| Common stock, shares outstanding (in shares) | 44.7M shares | 4.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$75.3M | -$61.7M |
| Stock-based compensation expense | $12.1M | $3.7M |
| Non-cash operating lease expense | $2.0M | $2.0M |
| Amortization of discount on marketable securities | -$3.1M | -$3.0M |
| Non-cash expense related to IPR&D acquisition | $0 | $8.6M |
| Depreciation expense | $647.0K | $668.0K |
| Prepaid expenses and other current assets | -$2.1M | -$2.8M |
| Accounts payable | -$417.0K | $467.0K |
| Accrued expenses and other current liabilities | $2.0M | $1.1M |
| Operating lease liability | -$2.1M | -$1.9M |
| Other assets | $0 | $35.0K |
| Net cash used in operating activities | -$66.3M | -$52.8M |
| Purchases of property and equipment | -$377.0K | -$27.0K |
| Purchases of marketable securities | -$325.0M | -$182.8M |
| Maturities of marketable securities | $206.7M | $56.0M |
| Net cash used in investing activities | -$118.7M | -$126.9M |
| Proceeds from initial public offering, net of underwriter discounts, commissions and offering costs paid during the period | $202.1M | $0 |
| Proceeds from issuance of Series C convertible preferred stock, net of issuance costs | $0 | $181.3M |
| Payment of deferred offering costs | $0 | -$2.5M |
| Exercise of common stock options | $3.6M | $141.0K |
| Net cash provided by financing activities | $205.7M | $179.0M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $20.7M | -$733.0K |
| Conversion of convertible preferred stock into common stock upon closing of initial public offering | $330.4M | $0 |
| Offering costs transferred to additional paid in capital | $4.3M | $0 |
| Deferred offering costs in accrued expenses | $0 | $492.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Sionna Therapeutics, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerMichael Cloonan Feb 6, 2025 to now7
- PresidentMichael Cloonan Feb 6, 2025 to now7
- Chief financial officerElena Ridloff Feb 6, 2025 to now8
Board members and other officers (14)
- Chief Medical OfficerCharlotte McKee Feb 6, 2025 to now9
- Chief Business OfficerCaroline Stark Beer Oct 3, 2025 to now10
- Board memberBruce Booth Feb 6, 2025 to now11
- Board memberJoanne L. Viney Feb 6, 2025 to now12
- Board memberJoshua Resnick Feb 6, 2025 to now13
- Board memberLaurie Stelzer Feb 6, 2025 to now14
- Board memberLucian Iancovici Feb 6, 2025 to Feb 6, 202515
- Board memberMarcella K. Ruddy Feb 6, 2025 to now16
- Board memberMichael Cloonan Feb 6, 2025 to now7
- Board memberPaul J. Clancy Feb 6, 2025 to now17
- Board memberPeter A. Thompson Feb 6, 2025 to now18
- Board memberPeter Kolchinsky Feb 6, 2025 to now19
- Board memberRajeev M. Shah Feb 6, 2025 to now19
- General counselJennifer Fitzpatrick Apr 1, 2025 to now20
Timeline
- Feb 6, 2025New chief executive Michael Cloonan becomes CEO7
Filings
231 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 13 major events, 100 insider forms, 15 large holders, 96 other. The latest 20:
- Sep 21, 2026SCHEDULE 13D/A EDGAR
- Sep 21, 20264 EDGAR
- Sep 18, 20264 PRIMARY DOCUMENT EDGAR
- Sep 18, 20264 PRIMARY DOCUMENT EDGAR
- Sep 18, 20264 PRIMARY DOCUMENT EDGAR
- Sep 18, 20264 PRIMARY DOCUMENT EDGAR
- Sep 17, 2026144 EDGAR
- Sep 14, 20268-K EDGAR
- Aug 10, 20268-K EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jul 9, 20264 EDGAR
- Jul 9, 20264 EDGAR
- Jul 7, 20264 PRIMARY DOCUMENT EDGAR
- Jul 6, 2026144 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jun 18, 20264 PRIMARY DOCUMENT EDGAR
- Jun 18, 20264 PRIMARY DOCUMENT EDGAR
- Jun 18, 20264 PRIMARY DOCUMENT EDGAR
The 231 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
88 open-market trades by officers, directors and large owners since October 2021: 7 buys and 81 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 17, 2026 | RA CAPITAL MANAGEMENT, L.P.Director | Sale | 3,448,811 | $6.33 | $21.8M | Form 4 |
| Jul 7, 2026 | Thompson Peter A.Director | Sale | 85,918 | $44.86 | $3.9M | Form 4 |
| Jul 7, 2026 | OrbiMed Capital GP VIII LLCDirector | Sale | 85,918 | $44.86 | $3.9M | Form 4 |
| Jul 6, 2026 | Fitzpatrick JenniferCLO and Head of Program Mgmt. | Sale | 10,250 | $43.60 | $446.9K | Form 4 |
| Jun 30, 2026 | Thompson Peter A.Director | Sale | 115,844 | $45.50 | $5.3M | Form 4 |
| Jun 30, 2026 | ORBIMED ADVISORS LLCDirector | Sale | 115,844 | $45.50 | $5.3M | Form 4 |
| May 27, 2026 | Thompson Peter A.Director | Sale | 101 | $44.49 | $4.5K | Form 4 |
| May 27, 2026 | ORBIMED ADVISORS LLCDirector | Sale | 101 | $44.49 | $4.5K | Form 4 |
| May 11, 2026 | Thompson Peter A.Director | Sale | 184,639 | $46.22 | $8.5M | Form 4 |
| May 11, 2026 | ORBIMED ADVISORS LLCDirector | Sale | 184,639 | $46.22 | $8.5M | Form 4 |
| May 8, 2026 | Thompson Peter A.Director | Sale | 59,767 | $44.58 | $2.7M | Form 4 |
| May 8, 2026 | ORBIMED ADVISORS LLCDirector | Sale | 59,767 | $44.58 | $2.7M | Form 4 |
| May 7, 2026 | Thompson Peter A.Director | Sale | 48,546 | $44.61 | $2.2M | Form 4 |
| May 7, 2026 | ORBIMED ADVISORS LLCDirector | Sale | 48,546 | $44.61 | $2.2M | Form 4 |
| Apr 18, 2026 | Thompson Peter A.Director | Sale | 2,948 | $44.52 | $131.2K | Form 4 |
| Apr 18, 2026 | ORBIMED ADVISORS LLCDirector | Sale | 2,948 | $44.52 | $131.2K | Form 4 |
| Apr 17, 2026 | Thompson Peter A.Director | Sale | 52,397 | $44.68 | $2.3M | Form 4 |
| Apr 17, 2026 | ORBIMED ADVISORS LLCDirector | Sale | 52,397 | $44.68 | $2.3M | Form 4 |
| Apr 16, 2026 | Thompson Peter A.Director | Sale | 226,906 | $45.34 | $10.3M | Form 4 |
| Apr 16, 2026 | ORBIMED ADVISORS LLCDirector | Sale | 226,906 | $45.34 | $10.3M | Form 4 |
All 88 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- RA CAPITAL MANAGEMENT, L.P.SCHEDULE 13D/A, 3 filings Feb 18, 2025 to Sep 21, 202621
- VIKING GLOBAL INVESTORS LPSCHEDULE 13G/A, 2 filings Feb 14, 2025 to May 15, 202622
- Qatar Investment AuthoritySCHEDULE 13G/A, 2 filings Jun 16, 2025 to May 12, 202623
- ORBIMED ADVISORS LLCSCHEDULE 13D/A, 2 filings Feb 13, 2025 to Apr 20, 202624
- JPMorgan ChaseSCHEDULE 13G/A, 2 filings Jul 30, 2025 to Oct 31, 202525
- Atlas Venture Fund XI, L.P.SCHEDULE 13D/A, 2 filings Feb 18, 2025 to Oct 20, 202526
- Enavate Sciences GP, LLCSCHEDULE 13D, 1 filing Feb 18, 202527
- TPG GP A, LLCSCHEDULE 13D, 1 filing Feb 18, 202528
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Ra Capital Management, L.P. | 9,905,045 | $435.7M | 3.8% | No change |
| Tpg Gp A, LLC | 6,494,962 | $285.7M | 5.7% | No change |
| Viking Global Investors LP | 3,195,181 | $140.6M | 0.4% | No change |
| Atlas Venture Life Science Advisors, LLC | 2,995,602 | $131.8M | 15.0% | No change |
| Orbimed Advisors LLC | 2,555,877 | $112.4M | 2.1% | −974,825 |
| Enavate Sciences Gp, LLC | 2,478,030 | $109.0M | 31.6% | No change |
| Adage Capital Partners Gp, L.l.c. | 1,600,000 | $70.4M | 0.1% | +1,450,000 |
| BlackRock, Inc. | 1,474,769 | $64.9M | 0.0% | +178,902 |
| Jpmorgan Chase & Co | 1,490,508 | $64.1M | 0.0% | +25,494 |
| Jennison Associates LLC | 1,172,133 | $51.6M | 0.0% | −279,087 |
| Citadel Advisors LLC | 1,147,636 | $50.5M | 0.0% | −19,295 |
| Vanguard Capital Management LLC | 1,132,001 | $49.8M | 0.0% | +102,504 |
| State Street Corp | 1,021,534 | $44.9M | 0.0% | +265,307 |
| Perceptive Advisors LLC | 905,000 | $39.8M | 0.6% | +246,561 |
| Deerfield Management Company, L.P. | 680,916 | $30.0M | 0.4% | −289,674 |
| Siren, L.L.C. | 610,515 | $26.9M | 0.5% | +310,515 |
| Eventide Asset Management, LLC | 474,981 | $20.9M | 0.3% | −170,549 |
| Geode Capital Management, LLC | 457,145 | $20.1M | 0.0% | +67,273 |
| Baker Bros. Advisors LP | 400,000 | $17.6M | 0.1% | No change |
| Casdin Capital, LLC | 400,000 | $17.6M | 0.9% | New |
| Kalehua Capital Management LLC | 394,144 | $17.3M | 5.5% | No change |
| Goldman Sachs Group Inc | 388,810 | $17.1M | 0.0% | +125,636 |
| Driehaus Capital Management LLC | 385,447 | $17.0M | 0.1% | +308,814 |
| Franklin Resources Inc | 290,113 | $12.8M | 0.0% | +114,630 |
| Aberdeen Group plc | 284,138 | $12.5M | 0.0% | −280,037 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 11SEC EDGARBruce Booth, Board member
- 12SEC EDGARJoanne L. Viney, Board member
- 13SEC EDGARJoshua Resnick, Board member
- 14SEC EDGARLaurie Stelzer, Board member
- 15SEC EDGARLucian Iancovici, Board member
- 16SEC EDGARMarcella K. Ruddy, Board member
- 17SEC EDGARPaul J. Clancy, Board member
- 18SEC EDGARPeter A. Thompson, Board member
- 19SEC EDGARPeter Kolchinsky, Board member
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