Bionano Genomics Inc Financials

BNGO

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Bionano Genomics Inc (BNGO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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

Financial Profile 23/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Bionano Genomics Inc has an operating margin of -337.9%, meaning the company retains $-338 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 -596.0% the prior year.

Growth

Bionano Genomics Inc's revenue declined 14.8% year-over-year, from $36.1M to $30.8M. This contraction results in a growth score of 0/100.

Leverage

Bionano Genomics Inc carries a low D/E ratio of 1.17, meaning only $1.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Bionano Genomics Inc's current ratio of 1.06 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.

Piotroski F-Score Weak

2/9

Bionano Genomics Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 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 (-$68.9M OCF vs -$112.0M 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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Revenue

$30.8M

YoY-14.8%

5Y CAGR+24.9%

Bionano Genomics Inc generated $30.8M in revenue in fiscal year 2024. This represents a decrease of 14.8% from the prior year.

EBITDA

-$90.0M

YoY+55.4%

Bionano Genomics Inc's EBITDA was -$90.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 55.4% from the prior year.

Free Cash Flow

N/A

Net Income

-$112.0M

YoY+51.8%

Bionano Genomics Inc reported -$112.0M in net income in fiscal year 2024. This represents an increase of 51.8% from the prior year.

EPS (Diluted)

$-88.13

YoY+78.4%

Bionano Genomics Inc earned $-88.13 per diluted share (EPS) in fiscal year 2024. This represents an increase of 78.4% from the prior year.

Cash & Debt

$9.2M

YoY-48.9%

5Y CAGR-11.9%

Bionano Genomics Inc held $9.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+144.6%

Bionano Genomics Inc had 2M shares outstanding in fiscal year 2024. This represents an increase of 144.6% from the prior year.

Gross Margin

1.2%

YoY-25.3pp

5Y CAGR-31.9pp

Bionano Genomics Inc's gross margin was 1.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 25.3 percentage points from the prior year.

Operating Margin

-337.9%

YoY+258.1pp

5Y CAGR-82.4pp

Bionano Genomics Inc's operating margin was -337.9% in fiscal year 2024, reflecting core business profitability. This is up 258.1 percentage points from the prior year.

Net Margin

-364.0%

YoY+279.8pp

5Y CAGR-69.6pp

Bionano Genomics Inc's net profit margin was -364.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 279.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$24.8M

YoY-54.1%

5Y CAGR+22.3%

Bionano Genomics Inc invested $24.8M in research and development in fiscal year 2024. This represents a decrease of 54.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

BNGO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$30.8M-14.8%	$36.1M+29.9%	$27.8M+54.6%	$18.0M+111.5%	$8.5M-16.1%	$10.1M
Cost of Revenue	$30.4M+14.5%	$26.6M+21.5%	$21.9M+54.9%	$14.1M+146.2%	$5.7M-15.3%	$6.8M
Gross Profit	$380K-96.0%	$9.6M+60.9%	$5.9M+53.5%	$3.9M+39.7%	$2.8M-17.5%	$3.4M
R&D Expenses	$24.8M-54.1%	$54.0M+10.2%	$49.0M+118.1%	$22.5M+119.2%	$10.3M+12.9%	$9.1M
SG&A Expenses	$51.9M-44.1%	$92.8M+4.7%	$88.6M+51.5%	$58.5M+88.3%	$31.1M+54.1%	$20.2M
Operating Income	-$104.0M+51.7%	-$215.2M-63.4%	-$131.7M-70.8%	-$77.1M-100.0%	-$38.6M-49.0%	-$25.9M
Interest Expense	N/A	$5.1M+1617.8%	$298K-67.9%	$927K-63.2%	$2.5M+10.2%	$2.3M
Income Tax	$33K-46.8%	$62K-96.7%	$1.9M+133.0%	-$5.7M-19813.8%	$29K+37.8%	$21K
Net Income	-$112.0M+51.8%	-$232.5M-75.3%	-$132.6M-83.1%	-$72.4M-76.2%	-$41.1M-37.9%	-$29.8M
EPS (Diluted)	$-88.13+78.4%	$-408.60	$-4.58	$-0.26	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$7.4M+9.4%	$6.7M+4.3%	$6.5M-20.9%	$8.2M+5.0%	$7.8M-11.4%	$8.8M-18.2%	$10.7M+15.1%	$9.3M
Cost of Revenue	$4.0M+22.8%	$3.3M-7.5%	$3.5M-25.9%	$4.7M-8.5%	$5.2M-12.8%	$5.9M-28.2%	$8.3M+26.1%	$6.6M
Gross Profit	$3.4M-3.1%	$3.5M+18.3%	$2.9M-14.0%	$3.4M+32.2%	$2.6M-8.5%	$2.8M+15.8%	$2.4M-11.3%	$2.7M
R&D Expenses	$2.8M-3.0%	$2.9M+23.7%	$2.4M-31.8%	$3.5M-49.1%	$6.8M-30.1%	$9.8M-16.4%	$11.7M-15.1%	$13.8M
SG&A Expenses	$9.1M+8.6%	$8.3M-7.6%	$9.0M-23.1%	$11.7M+1.6%	$11.6M-39.5%	$19.1M+27.7%	$14.9M-40.0%	$24.9M
Operating Income	-$8.5M-9.5%	-$7.8M+7.9%	-$8.5M+29.1%	-$11.9M+29.8%	-$17.0M+45.3%	-$31.1M-24.7%	-$25.0M+78.0%	-$113.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	$122K-97.5%	$4.9M+6798.6%	$71K
Income Tax	$14K+40.0%	$10K+42.9%	$7K+600.0%	$1K-96.2%	$26K+244.4%	-$18K+50.0%	-$36K-192.3%	$39K
Net Income	-$8.5M-24.0%	-$6.9M-121.1%	-$3.1M+84.6%	-$20.1M-24.0%	-$16.2M+48.4%	-$31.4M+28.4%	-$43.9M+61.0%	-$112.6M
EPS (Diluted)	$-1.59+20.1%	$-1.99-73.0%	$-1.15+83.7%	$-7.05	$-14.41+59.7%	$-35.75	$-402.91	$-3.22

BNGO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$76.7M-64.2%	$214.4M-30.3%	$307.5M-18.5%	$377.1M+523.8%	$60.5M+100.1%	$30.2M
Current Assets	$39.5M-71.8%	$140.1M-10.9%	$157.3M-42.3%	$272.4M+482.2%	$46.8M+65.6%	$28.3M
Cash & Equivalents	$9.2M-48.9%	$17.9M+252.5%	$5.1M-79.3%	$24.6M-36.1%	$38.4M+122.1%	$17.3M
Inventory	$13.3M-51.9%	$27.6M-7.3%	$29.8M+140.3%	$12.4M+273.7%	$3.3M-3.7%	$3.4M
Accounts Receivable	$4.8M-49.0%	$9.3M+32.7%	$7.0M+42.3%	$4.9M+77.8%	$2.8M-56.2%	$6.3M
Goodwill	N/A	$0-100.0%	$77.3M+37.6%	$56.2M+682.9%	$7.2M	$0
Total Liabilities	$41.3M-65.1%	$118.2M+103.5%	$58.1M+45.3%	$40.0M+57.6%	$25.4M-4.6%	$26.6M
Current Liabilities	$37.3M-62.7%	$100.0M+178.8%	$35.9M+64.3%	$21.8M+144.2%	$8.9M-66.1%	$26.4M
Long-Term Debt	N/A	N/A	N/A	$0-100.0%	$16.3M	$0
Total Equity	$35.4M-63.2%	$96.2M-61.4%	$249.4M-26.0%	$337.1M+860.9%	$35.1M+871.0%	$3.6M
Retained Earnings	-$693.2M-19.3%	-$581.2M-66.7%	-$348.7M-61.4%	-$216.1M-50.4%	-$143.7M-40.1%	-$102.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$79.1M+4.0%	$76.0M-3.1%	$78.4M+2.3%	$76.7M-40.7%	$129.4M-18.1%	$158.0M-26.3%	$214.4M+17.9%	$181.9M
Current Assets	$48.8M+14.4%	$42.7M-5.0%	$44.9M+13.8%	$39.5M-34.8%	$60.6M-29.3%	$85.6M-38.9%	$140.1M+34.0%	$104.5M
Cash & Equivalents	$3.1M-14.0%	$3.6M-1.7%	$3.6M-60.5%	$9.2M-12.0%	$10.4M-33.8%	$15.8M-12.2%	$17.9M-48.1%	$34.6M
Inventory	$8.4M-18.3%	$10.3M-9.7%	$11.4M-14.0%	$13.3M-42.6%	$23.1M-2.7%	$23.8M-13.8%	$27.6M-17.6%	$33.5M
Accounts Receivable	$4.5M+29.6%	$3.5M+4.1%	$3.4M-29.4%	$4.8M-24.0%	$6.3M-24.8%	$8.3M-10.8%	$9.3M+7.5%	$8.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0
Total Liabilities	$29.3M-4.5%	$30.6M+1.4%	$30.2M-26.8%	$41.3M-15.8%	$49.0M-34.8%	$75.2M-36.4%	$118.2M+88.0%	$62.9M
Current Liabilities	$23.0M-5.0%	$24.2M-8.4%	$26.4M-29.3%	$37.3M+0.5%	$37.2M-36.5%	$58.5M-41.5%	$100.0M+148.9%	$40.2M
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-56.0%	$80.3M-2.9%	$82.8M-13.9%	$96.2M-19.2%	$119.0M
Retained Earnings	-$711.7M-1.2%	-$703.2M-1.0%	-$696.3M-0.4%	-$693.2M-10.2%	-$628.9M-2.6%	-$612.6M-5.4%	-$581.2M-8.2%	-$537.3M

BNGO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$68.9M+44.9%	-$125.2M-0.3%	-$124.8M-73.5%	-$71.9M-87.7%	-$38.3M-29.7%	-$29.5M
Capital Expenditures	N/A	N/A	N/A	N/A	$0-100.0%	$61K
Free Cash Flow	N/A	N/A	N/A	N/A	-$38.3M-29.5%	-$29.6M
Investing Cash Flow	$73.8M+205.7%	$24.2M-70.8%	$82.8M+129.8%	-$278.1M-11249.5%	-$2.5M-3912.7%	-$61K
Financing Cash Flow	-$13.7M-112.0%	$113.8M+394.7%	$23.0M-93.2%	$336.1M+443.0%	$61.9M+103.8%	$30.4M
Dividends Paid	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

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$5.9M-69.7%	-$3.5M-26.2%	-$2.8M+57.5%	-$6.5M+69.0%	-$21.0M+25.4%	-$28.1M+5.5%	-$29.8M-13.3%	-$26.3M
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-89.5%	$28.6M-39.8%	$47.6M+185.9%	-$55.4M-265.7%	$33.4M
Financing Cash Flow	$10.1M+585.9%	$1.5M-86.5%	$10.9M+180.0%	$3.9M+296.7%	-$2.0M+90.9%	-$21.6M-131.6%	$68.5M+444.0%	$12.6M
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	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	1.2%-25.3pp	26.5%+5.1pp	21.4%-0.2pp	21.5%-11.1pp	32.6%-0.6pp	33.2%
Operating Margin	-337.9%+258.1pp	-596.0%-122.3pp	-473.7%-44.9pp	-428.8%+24.6pp	-453.4%-197.9pp	-255.4%
Net Margin	-364.0%+279.8pp	-643.7%-166.8pp	-476.9%-74.1pp	-402.8%+80.6pp	-483.4%-189.1pp	-294.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-146.1%-37.7pp	-108.4%-65.3pp	-43.1%-23.9pp	-19.2%+48.8pp	-68.0%+30.7pp	-98.7%
Current Ratio	1.06-0.3	1.40-3.0	4.38-8.1	12.47+7.2	5.23+4.2	1.07
Debt-to-Equity	1.17-0.1	1.23+1.0	0.23+0.2	0.00-0.5	0.47+0.5	0.00
FCF Margin	N/A	N/A	N/A	N/A	-450.6%-158.5pp	-292.1%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	45.7%-5.9pp	51.6%+6.1pp	45.5%+3.6pp	41.9%+8.6pp	33.3%+1.1pp	32.2%+9.4pp	22.8%-6.7pp	29.5%
Operating Margin	-115.9%-0.0pp	-115.9%+15.2pp	-131.1%+15.2pp	-146.3%+72.7pp	-219.0%+135.9pp	-354.9%-122.2pp	-232.7%+982.2pp	-1215.0%
Net Margin	-115.4%-13.6pp	-101.8%-53.8pp	-48.0%+198.5pp	-246.5%-37.8pp	-208.8%+149.5pp	-358.3%+51.1pp	-409.4%+798.7pp	-1208.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-10.8%-1.7pp	-9.0%-5.1pp	-4.0%+22.3pp	-26.3%-13.7pp	-12.5%+7.3pp	-19.9%+0.6pp	-20.5%+41.4pp	-61.9%
Current Ratio	2.12+0.4	1.76+0.1	1.70+0.6	1.06-0.6	1.63+0.2	1.46+0.1	1.40-1.2	2.60
Debt-to-Equity	0.59-0.1	0.68+0.0	0.63-0.5	1.17+0.6	0.61-0.3	0.91-0.3	1.23+0.7	0.53
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

What is Bionano Genomics Inc's annual revenue?

Bionano Genomics Inc (BNGO) reported $30.8M in total revenue for fiscal year 2024. This represents a -14.8% 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 Bionano Genomics Inc's revenue growing?

Bionano Genomics Inc (BNGO) revenue declined by 14.8% year-over-year, from $36.1M to $30.8M in fiscal year 2024.

Is Bionano Genomics Inc profitable?

No, Bionano Genomics Inc (BNGO) reported a net income of -$112.0M in fiscal year 2024, with a net profit margin of -364.0%.

What is Bionano Genomics Inc's earnings per share (EPS)?

Bionano Genomics Inc (BNGO) reported diluted earnings per share of $-88.13 for fiscal year 2024. This represents a 78.4% 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 Bionano Genomics Inc's EBITDA?

Bionano Genomics Inc (BNGO) had EBITDA of -$90.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Bionano Genomics Inc's gross margin?

Bionano Genomics Inc (BNGO) had a gross margin of 1.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Bionano Genomics Inc's operating margin?

Bionano Genomics Inc (BNGO) had an operating margin of -337.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Bionano Genomics Inc's net profit margin?

Bionano Genomics Inc (BNGO) had a net profit margin of -364.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Bionano Genomics Inc's operating cash flow?

Bionano Genomics Inc (BNGO) generated -$68.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Bionano Genomics Inc's total assets?

Bionano Genomics Inc (BNGO) had $76.7M in total assets as of fiscal year 2024, including both current and long-term assets.

How much does Bionano Genomics Inc spend on research and development?

Bionano Genomics Inc (BNGO) invested $24.8M in research and development during fiscal year 2024.

How many shares does Bionano Genomics Inc have outstanding?

Bionano Genomics Inc (BNGO) had 2M shares outstanding as of fiscal year 2024.

What is Bionano Genomics Inc's current ratio?

Bionano Genomics Inc (BNGO) had a current ratio of 1.06 as of fiscal year 2024, which is considered adequate.

What is Bionano Genomics Inc's debt-to-equity ratio?

Bionano Genomics Inc (BNGO) had a debt-to-equity ratio of 1.17 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bionano Genomics Inc's return on assets (ROA)?

Bionano Genomics Inc (BNGO) had a return on assets of -146.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Bionano Genomics Inc's cash runway?

Based on fiscal year 2024 data, Bionano Genomics Inc (BNGO) had $9.2M in cash against an annual operating cash burn of $68.9M. 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.

What is Bionano Genomics Inc's Piotroski F-Score?

Bionano Genomics Inc (BNGO) has a Piotroski F-Score of 2 out of 9, indicating weak 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 Bionano Genomics Inc's earnings high quality?

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.

How financially healthy is Bionano Genomics Inc?

Bionano Genomics Inc (BNGO) scores 23 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.