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Bionano Genomics Inc Financials

BNGO
Source SEC Filings (10-K/10-Q) Updated Mar 23, 2026 Currency USD FYE March

This page shows Bionano Genomics Inc (BNGO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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

Profitability Growth Leverage Liquidity Cash Flow Returns 29 / 100
Financial Profile 29/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
0

Bionano Genomics Inc has an operating margin of -124.7%, meaning the company retains $-125 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 up from -337.9% the prior year.

Growth
11

Bionano Genomics Inc's revenue declined 13.1% year-over-year, from $30.8M to $26.7M. This contraction results in a growth score of 11/100.

Leverage
97

Bionano Genomics Inc carries a low D/E ratio of 0.23, meaning only $0.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
36

Bionano Genomics Inc's current ratio of 1.98 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.

Returns
0

Bionano Genomics Inc generates a -59.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -316.7% the prior year.

Piotroski F-Score Neutral
4/9

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

Earnings Quality Low Quality
0.62x

For every $1 of reported earnings, Bionano Genomics Inc generates $0.62 in operating cash flow (-$16.3M OCF vs -$26.4M 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

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Earnings & Revenue

Revenue
$26.7M
YoY-13.1%
5Y CAGR+25.8%

Bionano Genomics Inc generated $26.7M in revenue in fiscal year 2025. This represents a decrease of 13.1% from the prior year.

EBITDA
-$23.8M
YoY+73.5%

Bionano Genomics Inc's EBITDA was -$23.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 73.5% from the prior year.

Net Income
-$26.4M
YoY+76.4%

Bionano Genomics Inc reported -$26.4M in net income in fiscal year 2025. This represents an increase of 76.4% from the prior year.

EPS (Diluted)
$-4.85

Bionano Genomics Inc earned $-4.85 per diluted share (EPS) in fiscal year 2025. This represents an increase of 94.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$3.0M
YoY-67.4%
5Y CAGR-40.0%

Bionano Genomics Inc held $3.0M in cash against $10.3M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
11M

Bionano Genomics Inc had 11M shares outstanding in fiscal year 2025. This represents an increase of 494.6% from the prior year.

Margins & Returns

Gross Margin
46.1%
YoY+44.8pp
5Y CAGR+13.4pp

Bionano Genomics Inc's gross margin was 46.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 44.8 percentage points from the prior year.

Operating Margin
-124.7%
YoY+213.2pp
5Y CAGR+328.7pp

Bionano Genomics Inc's operating margin was -124.7% in fiscal year 2025, reflecting core business profitability. This is up 213.2 percentage points from the prior year.

Net Margin
-98.7%
YoY+265.3pp
5Y CAGR+384.7pp

Bionano Genomics Inc's net profit margin was -98.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 265.3 percentage points from the prior year.

Return on Equity
-59.4%
YoY+257.2pp
5Y CAGR+57.8pp

Bionano Genomics Inc's ROE was -59.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 257.2 percentage points from the prior year.

Capital Allocation

R&D Spending
$11.4M
YoY-54.1%
5Y CAGR+2.1%

Bionano Genomics Inc invested $11.4M in research and development in fiscal year 2025. This represents a decrease of 54.1% from the prior year.

Share Buybacks
N/A
Capital Expenditures
N/A

BNGO Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue $7.4M+9.4% $6.7M+4.3% $6.5M-20.9% $8.2M+34.4% $6.1M-21.9% $7.8M-11.4% $8.8M-18.2% $10.7M
Cost of Revenue $4.0M+22.8% $3.3M-7.5% $3.5M-25.9% $4.7M-67.3% $14.5M+180.0% $5.2M-12.8% $5.9M-28.2% $8.3M
Gross Profit $3.4M-3.1% $3.5M+18.3% $2.9M-14.0% $3.4M+140.5% -$8.4M-426.7% $2.6M-8.5% $2.8M+15.8% $2.4M
R&D Expenses $2.8M-3.0% $2.9M+23.7% $2.4M-31.8% $3.5M-26.3% $4.7M-30.9% $6.8M-30.1% $9.8M-16.4% $11.7M
SG&A Expenses $9.1M+8.6% $8.3M-7.6% $9.0M-23.1% $11.7M+24.1% $9.5M-18.1% $11.6M-39.5% $19.1M+27.7% $14.9M
Operating Income -$8.5M-9.5% -$7.8M+7.9% -$8.5M+29.1% -$11.9M+72.8% -$43.9M-158.0% -$17.0M+45.3% -$31.1M-24.7% -$25.0M
Interest Expense N/A N/A N/A N/A N/A N/A $122K-97.5% $4.9M
Income Tax $14K+40.0% $10K+42.9% $7K+600.0% $1K-95.8% $24K-7.7% $26K+244.4% -$18K+50.0% -$36K
Net Income -$8.5M-24.0% -$6.9M-121.1% -$3.1M+84.6% -$20.1M+54.5% -$44.2M-172.7% -$16.2M+48.4% -$31.4M+28.4% -$43.9M
EPS (Diluted) $-1.59+20.1% $-1.99-73.0% $-1.15 N/A $-30.92-114.6% $-14.41+59.7% $-35.75 N/A

BNGO Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $79.1M+4.0% $76.0M-3.1% $78.4M+2.3% $76.7M-12.2% $87.4M-32.5% $129.4M-18.1% $158.0M-26.3% $214.4M
Current Assets $48.8M+14.4% $42.7M-5.0% $44.9M+13.8% $39.5M-15.9% $47.0M-22.4% $60.6M-29.3% $85.6M-38.9% $140.1M
Cash & Equivalents $3.1M-14.0% $3.6M-1.7% $3.6M-60.5% $9.2M+4.3% $8.8M-15.6% $10.4M-33.8% $15.8M-12.2% $17.9M
Inventory $8.4M-18.3% $10.3M-9.7% $11.4M-14.0% $13.3M-18.5% $16.3M-29.7% $23.1M-2.7% $23.8M-13.8% $27.6M
Accounts Receivable $4.5M+29.6% $3.5M+4.1% $3.4M-29.4% $4.8M-10.6% $5.3M-15.0% $6.3M-24.8% $8.3M-10.8% $9.3M
Goodwill N/A N/A N/A N/A N/A N/A N/A $0
Total Liabilities $29.3M-4.5% $30.6M+1.4% $30.2M-26.8% $41.3M+7.3% $38.5M-21.5% $49.0M-34.8% $75.2M-36.4% $118.2M
Current Liabilities $23.0M-5.0% $24.2M-8.4% $26.4M-29.3% $37.3M+13.3% $33.0M-11.4% $37.2M-36.5% $58.5M-41.5% $100.0M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $49.8M+9.8% $45.4M-5.8% $48.2M+36.2% $35.4M-27.6% $48.9M-39.2% $80.3M-2.9% $82.8M-13.9% $96.2M
Retained Earnings -$711.7M-1.2% -$703.2M-1.0% -$696.3M-0.4% -$693.2M-3.0% -$673.1M-7.0% -$628.9M-2.6% -$612.6M-5.4% -$581.2M

BNGO Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$5.9M-69.7% -$3.5M-26.2% -$2.8M+57.5% -$6.5M+51.1% -$13.3M+36.6% -$21.0M+25.4% -$28.1M+5.5% -$29.8M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$4.7M-335.9% $2.0M+114.1% -$14.1M-569.3% $3.0M+155.8% -$5.4M-118.8% $28.6M-39.8% $47.6M+185.9% -$55.4M
Financing Cash Flow $10.1M+585.9% $1.5M-86.5% $10.9M+180.0% $3.9M-35.4% $6.0M+404.4% -$2.0M+90.9% -$21.6M-131.6% $68.5M
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

BNGO Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin 45.7%-5.9pp 51.6%+6.1pp 45.5%+3.6pp 41.9%+180.9pp -139.1%-172.3pp 33.3%+1.1pp 32.2%+9.4pp 22.8%
Operating Margin -115.9%-0.0pp -115.9%+15.2pp -131.1%+15.2pp -146.3%+576.6pp -722.9%-503.9pp -219.0%+135.9pp -354.9%-122.2pp -232.7%
Net Margin -115.4%-13.6pp -101.8%-53.8pp -48.0%+198.5pp -246.5%+482.0pp -728.6%-519.8pp -208.8%+149.5pp -358.3%+51.1pp -409.4%
Return on Equity -17.1%-2.0pp -15.1%-8.7pp -6.4%+50.4pp -56.9%+33.7pp -90.5%-70.3pp -20.2%+17.8pp -38.0%+7.7pp -45.6%
Return on Assets -10.8%-1.7pp -9.0%-5.1pp -4.0%+22.3pp -26.3%+24.4pp -50.6%-38.1pp -12.5%+7.3pp -19.9%+0.6pp -20.5%
Current Ratio 2.12+0.4 1.76+0.1 1.70+0.6 1.06-0.4 1.43-0.2 1.63+0.2 1.46+0.1 1.40
Debt-to-Equity 0.59-0.1 0.68+0.0 0.63-0.5 1.17+0.4 0.79+0.2 0.61-0.3 0.91-0.3 1.23
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Bionano Genomics Inc (BNGO) reported $26.7M in total revenue for fiscal year 2025. This represents a -13.1% 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.

Bionano Genomics Inc (BNGO) revenue declined by 13.1% year-over-year, from $30.8M to $26.7M in fiscal year 2025.

No, Bionano Genomics Inc (BNGO) reported a net income of -$26.4M in fiscal year 2025, with a net profit margin of -98.7%.

Bionano Genomics Inc (BNGO) reported diluted earnings per share of $-4.85 for fiscal year 2025. 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.

Bionano Genomics Inc (BNGO) had EBITDA of -$23.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Bionano Genomics Inc (BNGO) had $3.0M in cash and equivalents against $10.3M in long-term debt.

Bionano Genomics Inc (BNGO) had a gross margin of 46.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Bionano Genomics Inc (BNGO) had an operating margin of -124.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Bionano Genomics Inc (BNGO) had a net profit margin of -98.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Bionano Genomics Inc (BNGO) has a return on equity of -59.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Bionano Genomics Inc (BNGO) generated -$16.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Bionano Genomics Inc (BNGO) had $73.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Bionano Genomics Inc (BNGO) invested $11.4M in research and development during fiscal year 2025.

Bionano Genomics Inc (BNGO) had 11M shares outstanding as of fiscal year 2025.

Bionano Genomics Inc (BNGO) had a current ratio of 1.98 as of fiscal year 2025, which is generally considered healthy.

Bionano Genomics Inc (BNGO) had a debt-to-equity ratio of 0.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Bionano Genomics Inc (BNGO) had a return on assets of -35.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Bionano Genomics Inc (BNGO) had $3.0M in cash against an annual operating cash burn of $16.3M. This gives an estimated cash runway of approximately 2 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.

Bionano Genomics Inc (BNGO) 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.

Bionano Genomics Inc (BNGO) has an earnings quality ratio of 0.62x, 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.

Bionano Genomics Inc (BNGO) scores 29 out of 100 on our Financial Profile, indicating weak 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.

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