ReutersReuters

Ginkgo Bioworks Q2 revenue falls 11%

Refinitivקריאה של פחות מדקה

Overview

  • Ginkgo Q2 2025 rev falls to $50 mln, down from $56 mln yr/yr

  • Cell Engineering rev rises 8% to $39 mln, driven by biopharma growth

  • Biosecurity rev declines to $10 mln from $20 mln yr/yr

  • Co achieves $250 mln cost-reduction target ahead of schedule

Outlook

  • Ginkgo reaffirms 2025 total revenue of $167-$187 mln

  • Ginkgo expects 2025 Cell Engineering revenue of $117-$137 mln

  • Ginkgo expects 2025 Biosecurity revenue of at least $40 mln

  • Ginkgo aims for Adjusted EBITDA breakeven by end of 2026

Result Drivers

  • CELL ENGINEERING GROWTH - Cell Engineering revenue rose 8% to $39 mln, driven by demand from biopharma and government customers

  • BIOSECURITY DECLINE - Biosecurity revenue fell to $10 mln, impacted by reduced demand compared to prior year

  • COST REDUCTION - Achieved $250 mln annualized cost-reduction target ahead of schedule, aiding improved adjusted EBITDA

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Rev

$50 mln

Q2 EPS

-$1.1

Q2 Net Income

-$60.30 mln

Q2 Operating Expenses

$115.14 mln

Q2 Operating Income

-$65.54 mln

Q2 Pretax Profit

-$60.58 mln

Analyst Coverage

  • The current average analyst rating on the shares is "sell" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 3 "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy."

  • Wall Street's median 12-month price target for Ginkgo Bioworks Holdings Inc is $8.00, about 74.5% below its August 6 closing price of $13.96

Press Release:

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