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Biolife Solutions Inc Financials

BLFS
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Biolife Solutions Inc (BLFS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

Rhea AI BLFS FY2025

BioLife has crossed into self-funded operations, with cash generation improving ahead of GAAP profitability despite still uneven operating margins.

From FY2023 to FY2025, free cash flow swung from -$18.9M to $10.6M, a major shift in how the business funds itself internally. Even before GAAP profitability, FY2025 operating cash flow was $20.1M against a -17.3% operating margin, so cash conversion is running ahead of reported operating profit today.

FY2025 revenue reached $96.2M with a still-healthy gross margin of 64.6%, which says the product-level economics are not the main bottleneck. Yet operating margin was -17.3%, showing the business still carries more overhead than this revenue base can absorb.

The balance sheet is lightly leveraged—long-term debt fell to $0 and the current ratio reached 5.9x—so near-term obligations are not what is constraining operations. But goodwill of $208.6M makes up more than half of total assets, so the equity cushion is less liquid than it first appears.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Cash Runway Dilution R&D Intensity Revenue Progress Burn Trend Balance Sheet 69 / 100
Financial Health Score 69/100
Scored as: Emerging companies peer group

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 Biolife Solutions 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.

Cash Runway
85
Dilution
60
R&D Intensity
28
Revenue Progress
69
Burn Trend
97
Balance Sheet
75
Altman Z-Score Safe
25.36

Biolife Solutions Inc scores 25.36, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.5B) relative to total liabilities ($34.0M). 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.

Piotroski F-Score Neutral
6/9

Biolife Solutions Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
-4.38x

For every $1 of reported earnings, Biolife Solutions Inc generates $-4.38 in operating cash flow ($20.1M OCF vs -$4.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$96.2M
YoY+28.9%
5Y CAGR+14.9%
10Y CAGR+31.0%

Biolife Solutions Inc generated $96.2M in revenue in fiscal year 2025. This represents an increase of 28.9% from the prior year.

EBITDA
-$14.3M
YoY-2200.9%

Biolife Solutions Inc's EBITDA was -$14.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2200.9% from the prior year.

Net Income
-$4.6M
YoY+77.2%

Biolife Solutions Inc reported -$4.6M in net income in fiscal year 2025. This represents an increase of 77.2% from the prior year.

EPS (Diluted)
$-0.10
YoY+77.3%

Biolife Solutions Inc earned $-0.10 per diluted share (EPS) in fiscal year 2025. This represents an increase of 77.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$10.6M
YoY+104.4%
5Y CAGR+17.8%

Biolife Solutions Inc generated $10.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 104.4% from the prior year.

Cash & Debt
$33.0M
YoY-63.9%
5Y CAGR-18.2%
10Y CAGR+31.3%

Biolife Solutions Inc held $33.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
48M
YoY+2.8%
5Y CAGR+7.8%
10Y CAGR+14.5%

Biolife Solutions Inc had 48M shares outstanding in fiscal year 2025. This represents an increase of 2.8% from the prior year.

Margins & Returns

Gross Margin
64.6%
YoY-2.6pp
10Y CAGR+5.4pp

Biolife Solutions Inc's gross margin was 64.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.6 percentage points from the prior year.

Operating Margin
-17.3%
YoY-11.3pp
5Y CAGR-4.3pp
10Y CAGR+60.5pp

Biolife Solutions Inc's operating margin was -17.3% in fiscal year 2025, reflecting core business profitability. This is down 11.3 percentage points from the prior year.

Net Margin
-4.8%
YoY+22.3pp
5Y CAGR-8.9pp
10Y CAGR+60.6pp

Biolife Solutions Inc's net profit margin was -4.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 22.3 percentage points from the prior year.

Return on Equity
-1.2%
YoY+4.5pp
5Y CAGR-2.2pp
10Y CAGR+48.3pp

Biolife Solutions Inc's ROE was -1.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.5 percentage points from the prior year.

Capital Allocation

R&D Spending
$7.6M
YoY+59.3%
5Y CAGR+2.4%
10Y CAGR+18.6%

Biolife Solutions Inc invested $7.6M in research and development in fiscal year 2025. This represents an increase of 59.3% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$9.5M
YoY+193.7%
5Y CAGR+37.0%
10Y CAGR+53.1%

Biolife Solutions Inc invested $9.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 193.7% from the prior year.

BLFS Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $27.5M+33.0% $20.7M-26.3% $28.1M+10.4% $25.4M+15.3% $22.1M+46.0% $15.1M-29.4% $21.4M+8.5% $19.7M
Cost of Revenue $10.0M N/A N/A N/A $7.3M N/A N/A N/A
Gross Profit $17.5M N/A N/A N/A $14.8M N/A N/A N/A
R&D Expenses $2.6M+279.1% $699K-74.2% $2.7M-0.4% $2.7M+89.0% $1.4M+215.5% -$1.2M-165.8% $1.9M-6.7% $2.0M
SG&A Expenses $12.2M+14.1% $10.7M-11.4% $12.1M+5.9% $11.4M+0.4% $11.4M-2.0% $11.6M+24.2% $9.3M+0.1% $9.3M
Operating Income $27K-95.7% $629K+806.7% -$89K+99.5% -$16.6M-3235.3% -$499K-192.1% $542K+229.7% -$418K+68.0% -$1.3M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $62K+135.8% -$173K-311.0% $82K-34.9% $126K+800.0% $14K-41.7% $24K+130.0% -$80K-8100.0% $1K
Net Income $1.2M-89.3% $11.1M+1682.6% $621K+103.9% -$15.8M-3435.3% -$448K-103.6% $12.5M+831.6% -$1.7M+91.8% -$20.7M
EPS (Diluted) $0.02 N/A $0.01+103.0% $-0.33 $0.00 N/A $-0.04+91.1% $-0.45

BLFS Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $400.9M-1.2% $405.9M+3.5% $392.1M+1.3% $387.2M-2.0% $395.1M-1.1% $399.5M+4.7% $381.7M+1.8% $375.0M
Current Assets $133.2M-2.4% $136.6M+7.9% $126.6M+0.9% $125.4M-4.3% $131.1M-11.9% $148.8M+66.4% $89.4M+1.3% $88.2M
Cash & Equivalents $22.8M-30.9% $33.0M+12.1% $29.5M-7.6% $31.9M-52.3% $66.9M-26.9% $91.5M+281.8% $24.0M+8.9% $22.0M
Inventory $32.8M+8.9% $30.2M+8.4% $27.8M+0.5% $27.7M+0.4% $27.6M-5.0% $29.0M-9.8% $32.2M-1.0% $32.5M
Accounts Receivable $13.1M+64.2% $8.0M-26.6% $10.8M+7.8% $10.1M+9.7% $9.2M+8.2% $8.5M-52.7% $17.9M-0.8% $18.1M
Goodwill $208.6M0.0% $208.6M-1.8% $212.3M0.0% $212.3M0.0% $212.3M+1.8% $208.6M-7.2% $224.7M0.0% $224.7M
Total Liabilities $28.7M-15.6% $34.0M-11.3% $38.3M-4.3% $40.1M-5.7% $42.5M-15.9% $50.6M-10.0% $56.2M+5.0% $53.5M
Current Liabilities $18.3M-20.6% $23.0M-15.4% $27.1M-4.1% $28.3M+2.1% $27.7M-15.3% $32.7M+1.8% $32.2M+4.4% $30.8M
Long-Term Debt $2.5M $0 $0 $0-100.0% $2.5M-50.0% $5.0M-36.1% $7.8M-25.1% $10.5M
Total Equity $372.2M+0.1% $371.9M+5.1% $353.7M+1.9% $347.2M-1.6% $352.6M+1.1% $348.9M+7.2% $325.5M+1.3% $321.4M
Retained Earnings -$338.5M+0.3% -$339.7M+3.2% -$350.8M+0.2% -$351.4M-4.7% -$335.5M-0.1% -$335.1M+3.6% -$347.6M-0.5% -$345.9M

BLFS Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$491K-110.0% $4.9M-19.5% $6.1M-17.2% $7.4M+326.6% $1.7M+5.0% $1.6M-65.7% $4.8M-25.7% $6.5M
Capital Expenditures $167K N/A N/A N/A $175K N/A N/A N/A
Free Cash Flow -$658K N/A N/A N/A $1.6M N/A N/A N/A
Investing Cash Flow -$1.8M-260.9% $1.1M+119.1% -$6.0M+84.9% -$39.5M-45.5% -$27.2M-136.9% $73.6M+4480.5% -$1.7M+87.5% -$13.4M
Financing Cash Flow -$7.9M-216.3% -$2.5M+2.4% -$2.6M+11.1% -$2.9M+3.8% -$3.0M+26.8% -$4.1M-292.5% -$1.0M-47.9% -$704K
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

BLFS Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 63.6% N/A N/A N/A 67.1% N/A N/A N/A
Operating Margin 0.1%-2.9pp 3.0%+3.4pp -0.3%+65.1pp -65.5%-63.2pp -2.3%-5.8pp 3.6%+5.5pp -1.9%+4.7pp -6.6%
Net Margin 4.3%-49.2pp 53.5%+51.3pp 2.2%+64.5pp -62.3%-60.3pp -2.0%-84.5pp 82.5%+90.4pp -8.0%+97.1pp -105.1%
Return on Equity 0.3%-2.7pp 3.0%+2.8pp 0.2%+4.7pp -4.6%-4.4pp -0.1%-3.7pp 3.6%+4.1pp -0.5%+5.9pp -6.5%
Return on Assets 0.3%-2.4pp 2.7%+2.6pp 0.2%+4.3pp -4.1%-4.0pp -0.1%-3.2pp 3.1%+3.6pp -0.4%+5.1pp -5.5%
Current Ratio 7.30+1.4 5.94+1.3 4.66+0.2 4.43-0.3 4.73+0.2 4.54+1.8 2.78-0.1 2.86
Debt-to-Equity 0.010.0 0.000.0 0.000.0 0.000.0 0.010.0 0.010.0 0.020.0 0.03
FCF Margin -2.4% N/A N/A N/A 7.0% N/A N/A N/A

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Frequently Asked Questions

Biolife Solutions Inc (BLFS) reported $96.2M in total revenue for fiscal year 2025. This represents a 28.9% 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.

Biolife Solutions Inc (BLFS) revenue grew by 28.9% year-over-year, from $74.6M to $96.2M in fiscal year 2025.

No, Biolife Solutions Inc (BLFS) reported a net income of -$4.6M in fiscal year 2025, with a net profit margin of -4.8%.

Biolife Solutions Inc (BLFS) reported diluted earnings per share of $-0.10 for fiscal year 2025. This represents a 77.3% 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.

Biolife Solutions Inc (BLFS) had EBITDA of -$14.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Biolife Solutions Inc (BLFS) had $33.0M in cash and equivalents against $0 in long-term debt.

Biolife Solutions Inc (BLFS) had a gross margin of 64.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Biolife Solutions Inc (BLFS) had an operating margin of -17.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Biolife Solutions Inc (BLFS) had a net profit margin of -4.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Biolife Solutions Inc (BLFS) has a return on equity of -1.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Biolife Solutions Inc (BLFS) generated $10.6M in free cash flow during fiscal year 2025. This represents a 104.4% 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.

Biolife Solutions Inc (BLFS) generated $20.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Biolife Solutions Inc (BLFS) had $405.9M in total assets as of fiscal year 2025, including both current and long-term assets.

Biolife Solutions Inc (BLFS) invested $9.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Biolife Solutions Inc (BLFS) invested $7.6M in research and development during fiscal year 2025.

Biolife Solutions Inc (BLFS) had 48M shares outstanding as of fiscal year 2025.

Biolife Solutions Inc (BLFS) had a current ratio of 5.94 as of fiscal year 2025, which is generally considered healthy.

Biolife Solutions Inc (BLFS) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Biolife Solutions Inc (BLFS) had a return on assets of -1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Biolife Solutions Inc (BLFS) has an Altman Z-Score of 25.36, 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.

Biolife Solutions Inc (BLFS) has a Piotroski F-Score of 6 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Biolife Solutions Inc (BLFS) has an earnings quality ratio of -4.38x, considered mixed quality. 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.

Biolife Solutions Inc (BLFS) scores 69 out of 100 on our Financial Health Score, indicating strong 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.

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