Absci Corp Financials
This page shows Absci Corp (ABSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Absci Corp has an operating margin of -2401.6%, meaning the company retains $-2402 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -2020.2% the prior year.
Absci Corp's revenue declined 20.7% year-over-year, from $5.7M to $4.5M. This contraction results in a growth score of 0/100.
Absci Corp carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.67, Absci Corp holds $4.67 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Absci Corp generated -$72.4M in operating cash flow, capex of $404K consumed most of it, leaving -$72.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Absci Corp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Absci Corp generates $0.70 in operating cash flow (-$72.4M OCF vs -$103.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Absci Corp earns $-192.7 in operating income for every $1 of interest expense (-$108.9M vs $565K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Absci Corp generated $4.5M in revenue in fiscal year 2024. This represents a decrease of 20.7% from the prior year.
Absci Corp's EBITDA was -$95.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.9% from the prior year.
Absci Corp generated -$72.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 11.2% from the prior year.
Absci Corp reported -$103.1M in net income in fiscal year 2024. This represents an increase of 6.7% from the prior year.
Absci Corp earned $-0.94 per diluted share (EPS) in fiscal year 2024. This represents an increase of 21.7% from the prior year.
Absci Corp held $41.2M in cash against $4.0M in long-term debt as of fiscal year 2024.
Absci Corp had 115M shares outstanding in fiscal year 2024. This represents an increase of 23.9% from the prior year.
Absci Corp's operating margin was -2401.6% in fiscal year 2024, reflecting core business profitability. This is down 381.4 percentage points from the prior year.
Absci Corp's net profit margin was -2274.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 340.4 percentage points from the prior year.
Absci Corp invested $63.9M in research and development in fiscal year 2024. This represents an increase of 32.9% from the prior year.
Absci Corp invested $404K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 53.0% from the prior year.
ABSI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $378K-36.3% | $593K-49.7% | $1.2M+77.3% | $665K-47.6% | $1.3M+41.4% | $898K+165.7% | $338K-54.6% | $744K |
| 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 | $19.2M-5.9% | $20.5M+25.0% | $16.4M-11.0% | $18.4M+20.4% | $15.3M+24.7% | $12.2M-0.3% | $12.3M+11.2% | $11.0M |
| SG&A Expenses | $8.4M-1.0% | $8.5M-10.0% | $9.5M+7.3% | $8.8M-5.5% | $9.3M+6.9% | $8.7M-6.2% | $9.3M-1.9% | $9.5M |
| Operating Income | -$30.2M+3.9% | -$31.4M-13.2% | -$27.7M+6.9% | -$29.8M-11.4% | -$26.7M-13.7% | -$23.5M+5.0% | -$24.7M-6.2% | -$23.3M |
| Interest Expense | $45K-19.6% | $56K-29.1% | $79K-27.5% | $109K-27.3% | $150K-14.8% | $176K-13.7% | $204K-10.9% | $229K |
| Income Tax | $104K-20.6% | $131K+3375.0% | -$4K-119.0% | $21K | $0-100.0% | $12K-75.0% | $48K+41.2% | $34K |
| Net Income | -$28.7M+6.1% | -$30.6M-16.0% | -$26.3M+9.1% | -$29.0M-17.1% | -$24.8M-12.6% | -$22.0M+6.7% | -$23.5M-7.1% | -$22.0M |
| EPS (Diluted) | $-0.20+16.7% | $-0.24-14.3% | $-0.21+19.2% | $-0.26-18.2% | $-0.220.0% | $-0.22+12.0% | $-0.25-4.2% | $-0.24 |
ABSI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $245.0M+16.7% | $209.9M-9.7% | $232.4M+8.8% | $213.6M-16.4% | $255.5M-7.0% | $274.9M+26.5% | $217.3M-8.1% | $236.3M |
| Current Assets | $175.0M+27.4% | $137.4M-11.9% | $156.0M+16.5% | $133.8M-19.0% | $165.2M-9.1% | $181.8M+50.8% | $120.6M-10.5% | $134.7M |
| Cash & Equivalents | $9.5M-75.1% | $38.0M-19.1% | $47.0M+14.0% | $41.2M-4.0% | $42.9M-27.0% | $58.8M-18.7% | $72.4M+3.8% | $69.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.0M+42.9% | $700K-49.4% | $1.4M | $0 | N/A | N/A | $2.2M | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Total Liabilities | $34.7M-5.1% | $36.5M+8.5% | $33.7M-2.4% | $34.5M+1.3% | $34.0M-2.2% | $34.8M-15.4% | $41.1M+3.0% | $39.9M |
| Current Liabilities | $29.7M-5.2% | $31.3M+14.8% | $27.3M-4.8% | $28.7M+12.5% | $25.5M+0.7% | $25.3M-14.4% | $29.6M+5.7% | $28.0M |
| Long-Term Debt | N/A | N/A | N/A | $4.0M | N/A | N/A | $7.9M | N/A |
| Total Equity | $210.3M+21.3% | $173.4M-12.8% | $198.8M+11.0% | $179.1M-19.1% | $221.5M-7.8% | $240.1M+36.3% | $176.2M-10.3% | $196.4M |
| Retained Earnings | -$595.2M-5.1% | -$566.5M-5.7% | -$535.9M-5.2% | -$509.6M-12.4% | -$453.2M-5.8% | -$428.5M-5.4% | -$406.5M-6.1% | -$382.9M |
ABSI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$25.0M-48.3% | -$16.9M+22.7% | -$21.8M-28.7% | -$17.0M-0.7% | -$16.8M+5.7% | -$17.9M-19.7% | -$14.9M-44.0% | -$10.4M |
| Capital Expenditures | $962K+331.4% | $223K+792.0% | $25K+8.7% | $23K-93.1% | $333K | $0-100.0% | $17K-94.5% | $307K |
| Free Cash Flow | -$26.0M-52.0% | -$17.1M+21.8% | -$21.9M-28.7% | -$17.0M+1.1% | -$17.2M+3.8% | -$17.9M-19.6% | -$14.9M-40.0% | -$10.7M |
| Investing Cash Flow | -$63.7M-804.7% | $9.0M+160.1% | -$15.0M-179.0% | $19.0M+1417.4% | $1.3M+101.6% | -$76.7M-504.5% | $19.0M-5.8% | $20.1M |
| Financing Cash Flow | $60.3M+6107.7% | -$1.0M-102.3% | $42.8M+4240.2% | $986K+835.8% | -$134K-100.2% | $81.2M+6673.6% | -$1.2M-33.7% | -$924K |
| 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 |
ABSI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -7977.2%-2683.3pp | -5293.9%-2942.0pp | -2351.9%+2125.4pp | -4477.3%-2373.3pp | -2104.0%+512.7pp | -2616.7%+4702.5pp | -7319.2%-4187.1pp | -3132.1% |
| Net Margin | -7594.2%-2439.2pp | -5155.0%-2920.4pp | -2234.6%+2123.7pp | -4358.4%-2409.5pp | -1948.8%+498.3pp | -2447.1%+4518.9pp | -6966.0%-4009.8pp | -2956.2% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -11.7%+2.8pp | -14.6%-3.2pp | -11.3%+2.2pp | -13.6%-3.9pp | -9.7%-1.7pp | -8.0%+2.8pp | -10.8%-1.5pp | -9.3% |
| Current Ratio | 5.89+1.5 | 4.39-1.3 | 5.72+1.0 | 4.67-1.8 | 6.49-0.7 | 7.19+3.1 | 4.08-0.7 | 4.82 |
| Debt-to-Equity | 0.16-0.0 | 0.21+0.0 | 0.17+0.1 | 0.02-0.1 | 0.150.0 | 0.14+0.1 | 0.04-0.2 | 0.20 |
| FCF Margin | -6876.5%-3993.5pp | -2883.0%-1028.5pp | -1854.4%+700.0pp | -2554.4%-1202.0pp | -1352.4%+636.8pp | -1989.2%+2430.6pp | -4419.8%-2986.0pp | -1433.9% |
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Frequently Asked Questions
What is Absci Corp's annual revenue?
Absci Corp (ABSI) reported $4.5M in total revenue for fiscal year 2024. This represents a -20.7% 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 Absci Corp's revenue growing?
Absci Corp (ABSI) revenue declined by 20.7% year-over-year, from $5.7M to $4.5M in fiscal year 2024.
Is Absci Corp profitable?
No, Absci Corp (ABSI) reported a net income of -$103.1M in fiscal year 2024, with a net profit margin of -2274.1%.
What is Absci Corp's earnings per share (EPS)?
Absci Corp (ABSI) reported diluted earnings per share of $-0.94 for fiscal year 2024. This represents a 21.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Absci Corp's EBITDA?
Absci Corp (ABSI) had EBITDA of -$95.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Absci Corp have?
As of fiscal year 2024, Absci Corp (ABSI) had $41.2M in cash and equivalents against $4.0M in long-term debt.
What is Absci Corp's operating margin?
Absci Corp (ABSI) had an operating margin of -2401.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Absci Corp's net profit margin?
Absci Corp (ABSI) had a net profit margin of -2274.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Absci Corp's free cash flow?
Absci Corp (ABSI) generated -$72.8M in free cash flow during fiscal year 2024. This represents a -11.2% 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 Absci Corp's operating cash flow?
Absci Corp (ABSI) generated -$72.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Absci Corp's total assets?
Absci Corp (ABSI) had $213.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Absci Corp's capital expenditures?
Absci Corp (ABSI) invested $404K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Absci Corp spend on research and development?
Absci Corp (ABSI) invested $63.9M in research and development during fiscal year 2024.
How many shares does Absci Corp have outstanding?
Absci Corp (ABSI) had 115M shares outstanding as of fiscal year 2024.
What is Absci Corp's current ratio?
Absci Corp (ABSI) had a current ratio of 4.67 as of fiscal year 2024, which is generally considered healthy.
What is Absci Corp's debt-to-equity ratio?
Absci Corp (ABSI) had a debt-to-equity ratio of 0.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Absci Corp's return on assets (ROA)?
Absci Corp (ABSI) had a return on assets of -48.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Absci Corp's cash runway?
Based on fiscal year 2024 data, Absci Corp (ABSI) had $41.2M in cash against an annual operating cash burn of $72.4M. This gives an estimated cash runway of approximately 7 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 Absci Corp's Piotroski F-Score?
Absci Corp (ABSI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Absci Corp's earnings high quality?
Absci Corp (ABSI) has an earnings quality ratio of 0.70x, 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.
Can Absci Corp cover its interest payments?
Absci Corp (ABSI) has an interest coverage ratio of -192.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Absci Corp?
Absci Corp (ABSI) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.