Abcellera Biologics Inc. Financials
This page shows Abcellera Biologics Inc. (ABCL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
AbCellera’s statements show a cash-backed research business still operating off its balance sheet, not off recurring sales.
Revenue rose from$28.8M to$75.1M , but free cash burn barely changed; that pattern suggests revenue timing matters more than fixed-cost absorption so far. R&D spending above revenue at$186.8M shows the business is still being financed by accumulated capital rather than by current-year sales.
The company still carries a very liquid balance sheet: current assets of
Losses and cash flow are now telling a similar story: FY2025 net loss was
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Abcellera Biologics Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Abcellera Biologics Inc. scores 3.51, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.2B) relative to total liabilities ($390.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Abcellera Biologics Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Abcellera Biologics Inc. generates $0.90 in operating cash flow (-$131.3M OCF vs -$146.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Abcellera Biologics Inc. generated $75.1M in revenue in fiscal year 2025. This represents an increase of 160.6% from the prior year.
Abcellera Biologics Inc.'s EBITDA was -$195.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.3% from the prior year.
Abcellera Biologics Inc. reported -$146.4M in net income in fiscal year 2025. This represents an increase of 10.1% from the prior year.
Abcellera Biologics Inc. earned $-0.49 per diluted share (EPS) in fiscal year 2025. This represents an increase of 10.9% from the prior year.
Cash & Balance Sheet
Abcellera Biologics Inc. generated -$174.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 6.9% from the prior year.
Abcellera Biologics Inc. held $128.5M in cash against $0 in long-term debt as of fiscal year 2025.
Abcellera Biologics Inc. had 301M shares outstanding in fiscal year 2025. This represents an increase of 1.6% from the prior year.
Margins & Returns
Abcellera Biologics Inc.'s operating margin was -289.0% in fiscal year 2025, reflecting core business profitability. This is up 802.7 percentage points from the prior year.
Abcellera Biologics Inc.'s net profit margin was -194.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 369.9 percentage points from the prior year.
Abcellera Biologics Inc.'s ROE was -15.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the prior year.
Capital Allocation
Abcellera Biologics Inc. invested $186.8M in research and development in fiscal year 2025. This represents an increase of 11.7% from the prior year.
Abcellera Biologics Inc. invested $42.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 45.4% from the prior year.
ABCL Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.3M-81.5% | $44.9M+400.9% | $9.0M-47.6% | $17.1M+303.4% | $4.2M-16.1% | $5.0M-22.4% | $6.5M-11.1% | $7.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $46.7M-6.8% | $50.1M-9.0% | $55.0M+40.3% | $39.2M-7.7% | $42.5M-7.8% | $46.1M+12.5% | $41.0M+0.1% | $40.9M |
| SG&A Expenses | $12.3M-46.7% | $23.1M+4.9% | $22.1M+16.2% | $19.0M-0.5% | $19.1M-33.8% | $28.8M+50.4% | $19.1M-5.2% | $20.2M |
| Operating Income | -$57.5M-101.3% | -$28.6M+62.5% | -$76.3M-53.8% | -$49.6M+20.9% | -$62.7M+13.9% | -$72.8M+22.3% | -$93.7M-0.2% | -$93.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$6.4M+39.6% | -$10.6M+9.4% | -$11.6M-620.4% | -$1.6M+78.0% | -$7.4M+41.7% | -$12.6M-9.5% | -$11.5M-2.4% | -$11.3M |
| Net Income | -$43.2M-382.6% | -$8.9M+84.3% | -$57.1M-64.5% | -$34.7M+23.9% | -$45.6M-33.4% | -$34.2M+33.1% | -$51.1M-38.4% | -$36.9M |
| EPS (Diluted) | $-0.14 | N/A | $-0.19-58.3% | $-0.12+20.0% | $-0.15 | N/A | $-0.17-30.8% | $-0.13 |
ABCL Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B-3.7% | $1.4B+0.1% | $1.4B-3.3% | $1.4B+4.3% | $1.3B-1.2% | $1.4B-2.3% | $1.4B-1.4% | $1.4B |
| Current Assets | $664.6M-8.7% | $728.2M+4.8% | $695.1M-6.3% | $742.1M-3.0% | $765.0M+1.8% | $751.4M+1.1% | $742.9M-3.7% | $771.6M |
| Cash & Equivalents | $77.1M-40.0% | $128.5M+54.5% | $83.2M-10.0% | $92.4M-42.0% | $159.3M+1.9% | $156.3M+23.4% | $126.6M-14.6% | $148.3M |
| Inventory | $7.9M+24.1% | $6.3M | N/A | N/A | N/A | $0 | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $47.8M0.0% | $47.8M0.0% | $47.8M0.0% | $47.8M0.0% | $47.8M0.0% | $47.8M0.0% | $47.8M0.0% | $47.8M |
| Total Liabilities | $369.0M-5.4% | $390.0M-0.5% | $392.0M-0.8% | $395.0M+23.0% | $321.2M+5.5% | $304.5M-3.3% | $314.7M+4.4% | $301.5M |
| Current Liabilities | $47.3M-26.5% | $64.3M-6.5% | $68.8M+2.7% | $67.0M-11.1% | $75.4M-1.6% | $76.6M-3.7% | $79.6M+13.1% | $70.4M |
| Long-Term Debt | $61.2M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $938.1M-3.0% | $966.9M+0.3% | $964.0M-4.3% | $1.0B-1.6% | $1.0B-3.1% | $1.1B-2.0% | $1.1B-3.0% | $1.1B |
| Retained Earnings | -$72.6M-146.4% | -$29.5M-43.6% | -$20.5M-156.1% | $36.6M-48.7% | $71.3M-39.0% | $116.9M-22.6% | $151.1M-25.3% | $202.2M |
ABCL Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$33.5M+3.5% | -$34.7M+33.9% | -$52.6M-62.3% | -$32.4M-180.5% | -$11.6M-44.4% | -$8.0M+72.3% | -$28.9M+3.6% | -$30.0M |
| Capital Expenditures | $3.8M-61.1% | $9.8M+10.2% | $8.9M-33.2% | $13.4M+25.7% | $10.6M-32.0% | $15.6M-15.6% | $18.5M-7.9% | $20.1M |
| Free Cash Flow | -$37.4M+16.2% | -$44.6M+27.5% | -$61.5M-34.4% | -$45.8M-106.3% | -$22.2M+6.1% | -$23.6M+50.1% | -$47.4M+5.3% | -$50.1M |
| Investing Cash Flow | -$25.1M-133.4% | $75.1M+105.9% | $36.5M+214.7% | -$31.8M-500.9% | $7.9M-77.8% | $35.7M+865.5% | $3.7M-92.9% | $52.1M |
| Financing Cash Flow | $7.2M+74.8% | $4.1M-44.2% | $7.4M+318.4% | -$3.4M-156.5% | $6.0M+44.1% | $4.1M+31.7% | $3.1M+18.6% | $2.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ABCL Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -691.8%-628.0pp | -63.7%+788.1pp | -851.8%-561.5pp | -290.2%+1189.3pp | -1479.6%-38.6pp | -1441.0%-1.6pp | -1439.4%-163.3pp | -1276.2% |
| Net Margin | -519.1%-499.2pp | -19.9%+617.9pp | -637.8%-434.6pp | -203.3%+874.0pp | -1077.2%-399.7pp | -677.6%+107.9pp | -785.4%-281.1pp | -504.3% |
| Return on Equity | -4.6%-3.7pp | -0.9%+5.0pp | -5.9%-2.5pp | -3.5%+1.0pp | -4.5%-1.2pp | -3.2%+1.5pp | -4.7%-1.4pp | -3.3% |
| Return on Assets | -3.3%-2.6pp | -0.7%+3.5pp | -4.2%-1.7pp | -2.5%+0.9pp | -3.4%-0.9pp | -2.5%+1.2pp | -3.7%-1.1pp | -2.6% |
| Current Ratio | 14.05+2.7 | 11.32+1.2 | 10.10-1.0 | 11.07+0.9 | 10.15+0.3 | 9.81+0.5 | 9.34-1.6 | 10.96 |
| Debt-to-Equity | 0.390.0 | 0.400.0 | 0.41+0.0 | 0.39+0.1 | 0.31+0.0 | 0.290.0 | 0.29+0.0 | 0.27 |
| FCF Margin | -449.2%-349.8pp | -99.4%+587.6pp | -687.0%-419.1pp | -267.9%+256.1pp | -524.0%-56.0pp | -468.0%+260.4pp | -728.4%-44.6pp | -683.8% |
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Frequently Asked Questions
What is Abcellera Biologics Inc.'s annual revenue?
Abcellera Biologics Inc. (ABCL) reported $75.1M in total revenue for fiscal year 2025. This represents a 160.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Abcellera Biologics Inc.'s revenue growing?
Abcellera Biologics Inc. (ABCL) revenue grew by 160.6% year-over-year, from $28.8M to $75.1M in fiscal year 2025.
Is Abcellera Biologics Inc. profitable?
No, Abcellera Biologics Inc. (ABCL) reported a net income of -$146.4M in fiscal year 2025, with a net profit margin of -194.9%.
What is Abcellera Biologics Inc.'s EBITDA?
Abcellera Biologics Inc. (ABCL) had EBITDA of -$195.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Abcellera Biologics Inc.'s operating margin?
Abcellera Biologics Inc. (ABCL) had an operating margin of -289.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Abcellera Biologics Inc.'s net profit margin?
Abcellera Biologics Inc. (ABCL) had a net profit margin of -194.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Abcellera Biologics Inc.'s return on equity (ROE)?
Abcellera Biologics Inc. (ABCL) has a return on equity of -15.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Abcellera Biologics Inc.'s free cash flow?
Abcellera Biologics Inc. (ABCL) generated -$174.1M in free cash flow during fiscal year 2025. This represents a 6.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Abcellera Biologics Inc.'s operating cash flow?
Abcellera Biologics Inc. (ABCL) generated -$131.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Abcellera Biologics Inc.'s total assets?
Abcellera Biologics Inc. (ABCL) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Abcellera Biologics Inc.'s capital expenditures?
Abcellera Biologics Inc. (ABCL) invested $42.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Abcellera Biologics Inc. spend on research and development?
Abcellera Biologics Inc. (ABCL) invested $186.8M in research and development during fiscal year 2025.
What is Abcellera Biologics Inc.'s current ratio?
Abcellera Biologics Inc. (ABCL) had a current ratio of 11.32 as of fiscal year 2025, which is generally considered healthy.
What is Abcellera Biologics Inc.'s debt-to-equity ratio?
Abcellera Biologics Inc. (ABCL) had a debt-to-equity ratio of 0.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Abcellera Biologics Inc.'s return on assets (ROA)?
Abcellera Biologics Inc. (ABCL) had a return on assets of -10.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Abcellera Biologics Inc.'s cash runway?
Based on fiscal year 2025 data, Abcellera Biologics Inc. (ABCL) had $128.5M in cash against an annual operating cash burn of $131.3M. This gives an estimated cash runway of approximately 12 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Abcellera Biologics Inc.'s Altman Z-Score?
Abcellera Biologics Inc. (ABCL) has an Altman Z-Score of 3.51, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Abcellera Biologics Inc.'s Piotroski F-Score?
Abcellera Biologics Inc. (ABCL) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Abcellera Biologics Inc.'s earnings high quality?
Abcellera Biologics Inc. (ABCL) has an earnings quality ratio of 0.90x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Abcellera Biologics Inc.?
Abcellera Biologics Inc. (ABCL) scores 57 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.