Sera Prognostics, Inc. Financials
Sera Prognostics, Inc. (SERA) reported $70K in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Development-stage economics pair persistent research spending with financing-led liquidity, while direct costs still exceed limited commercial revenue.
Cash conversion mirrors accounting losses: FY2025 net loss was-$31.9M alongside operating cash flow of-$25.6M , indicating the deficit is largely cash-based rather than driven by working-capital timing. Equity increased in FY2025 alongside a financing inflow of$54.0M , indicating balance-sheet expansion came from external funding rather than operating cash generation.
Direct costs exceeded sales: cost of revenue reached
The reported liquidity comparison was 44.9 months of the latest annual operating outflow, a past-period comparison rather than a forecast. Meanwhile, the current ratio fell from 2.5x in FY2023 to 1.7x in FY2025, showing that the short-term asset cushion narrowed even as external funding restored equity.
Financial Health Signals
Sera Prognostics, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Sera Prognostics, Inc. scores -3.40, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($82.4M) relative to total liabilities ($26.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Sera Prognostics, Inc. passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Sera Prognostics, Inc. reported a net loss of $31.9M while operations used $25.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Sera Prognostics, Inc. reported an operating loss of $36.5M against $9K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Sera Prognostics, Inc. generated $81K in revenue in fiscal year 2025. This represents an increase of 5.2% from the prior year.
Sera Prognostics, Inc.'s EBITDA was -$35.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.7% from the prior year.
Sera Prognostics, Inc. reported -$31.9M in net income in fiscal year 2025. This represents an increase of 2.9% from the prior year.
Sera Prognostics, Inc. earned -$0.67 per diluted share (EPS) in fiscal year 2025. This represents an increase of 32.3% from the prior year.
Cash & Balance Sheet
Sera Prognostics, Inc. recorded an outflow of $26.3M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 85.0% from the prior year.
Sera Prognostics, Inc. held $3.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Sera Prognostics, Inc.'s ROE was -42.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 26.5 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Sera Prognostics, Inc. invested $13.2M in research and development in fiscal year 2025. This represents a decrease of 10.6% from the prior year.
Sera Prognostics, Inc. invested $726K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1196.4% from the prior year.
Not reported for fiscal year 2025.
SERA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30K+114.3% | $14K+40.0% | $10K-37.5% | $16K-5.9% | $17K-55.3% | $38K | N/A | $29K |
| Cost of Revenue | $50K+19.0% | $42K0.0% | $42K+2.4% | $41K0.0% | $41K+2.5% | $40K | N/A | $13K |
| Gross Profit | -$20K+28.6% | -$28K+12.5% | -$32K-28.0% | -$25K-4.2% | -$24K-1100.0% | -$2K | N/A | $16K |
| R&D Expenses | $3.5M+15.3% | $3.0M-5.8% | $3.2M-2.1% | $3.3M-1.6% | $3.3M+0.1% | $3.3M | N/A | $3.5M |
| SG&A Expenses | $4.2M-1.0% | $4.3M+6.2% | $4.0M-0.9% | $4.1M-1.4% | $4.1M-6.9% | $4.4M | N/A | $4.2M |
| Operating Income | -$10.0M-6.9% | -$9.4M-4.5% | -$9.0M+0.3% | -$9.0M+3.6% | -$9.3M-0.8% | -$9.3M | N/A | -$8.9M |
| Interest Expense | $2K0.0% | $2K+100.0% | $1K-50.0% | $2K0.0% | $2K-50.0% | $4K | N/A | $5K |
| Net Income | -$9.1M-8.8% | -$8.4M-6.6% | -$7.9M-0.9% | -$7.8M+2.9% | -$8.0M+1.7% | -$8.2M | N/A | -$7.9M |
| EPS (Diluted) | -$0.18-5.9% | -$0.17-6.3% | -$0.160.0% | -$0.160.0% | -$0.16+20.0% | -$0.20+20.0% | -$0.25-4.2% | -$0.24 |
Not reported in any period shown, so not listed: Income Tax.
SERA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $86.7M-7.3% | $93.5M-8.2% | $101.9M-5.7% | $108.1M-3.3% | $111.8M-5.4% | $118.2M+62.8% | $72.6M-8.1% | $79.0M |
| Current Assets | $48.1M-3.2% | $49.7M+22.0% | $40.8M-8.4% | $44.5M+8.9% | $40.9M-13.6% | $47.3M-0.7% | $47.6M-6.9% | $51.1M |
| Cash & Equivalents | $4.4M+5.3% | $4.2M+5.9% | $3.9M-3.4% | $4.1M-18.6% | $5.0M-4.1% | $5.2M+29.4% | $4.0M+50.6% | $2.7M |
| Accounts Receivable | $10K-9.1% | $11K-8.3% | $12K-14.3% | $14K-17.6% | $17K-32.0% | $25K-26.5% | $34K-57.0% | $79K |
| Total Liabilities | $27.4M+5.5% | $25.9M-2.3% | $26.5M+2.2% | $25.9M+9.9% | $23.6M+0.9% | $23.4M-5.5% | $24.8M+1.7% | $24.4M |
| Current Liabilities | $24.4M+4.0% | $23.4M-3.2% | $24.2M+2.9% | $23.5M-0.4% | $23.6M+0.9% | $23.4M-5.5% | $24.8M+2.4% | $24.2M |
| Total Equity | $59.4M-12.2% | $67.6M-10.3% | $75.4M-8.2% | $82.2M-6.9% | $88.2M-6.9% | $94.8M+98.3% | $47.8M-12.5% | $54.7M |
| Retained Earnings | -$329.3M-2.9% | -$320.1M-2.7% | -$311.7M-2.6% | -$303.8M-2.6% | -$296.0M-2.8% | -$288.0M-2.9% | -$279.8M-3.2% | -$271.2M |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
SERA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.3M+28.1% | -$8.8M-43.4% | -$6.1M+5.5% | -$6.5M-18.3% | -$5.5M+27.5% | -$7.6M-20.7% | -$6.3M+10.5% | -$7.0M |
| Capital Expenditures | $16K+100.0% | $8K-97.6% | $330K+194.6% | $112K-60.1% | $281K+9266.7% | $3K-62.5% | $8K-69.2% | $26K |
| Free Cash Flow | -$6.3M+28.0% | -$8.8M-36.2% | -$6.5M+2.1% | -$6.6M-14.5% | -$5.8M+23.8% | -$7.6M-20.5% | -$6.3M+10.7% | -$7.0M |
| Investing Cash Flow | $6.4M-28.8% | $9.0M+52.5% | $5.9M+13.9% | $5.2M-1.4% | $5.2M+111.7% | -$44.8M-706.7% | $7.4M+50.8% | $4.9M |
| Financing Cash Flow | $140K+600.0% | $20K-78.5% | $93K-75.1% | $373K+1972.2% | $18K-100.0% | $53.5M+22781.2% | $234K+100.0% | $117K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SERA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -66.7% | -200.0% | -320.0% | -156.3% | -141.2% | -5.3% | N/A | 55.2% |
| Operating Margin | -33346.7% | -66857.1% | -89540.0% | -56125.0% | -54823.5% | -24342.1% | N/A | -30558.6% |
| Net Margin | -30463.3% | -59992.9% | -78810.0% | -48837.5% | -47329.4% | -21544.7% | N/A | -27306.9% |
| Return on Equity | -15.4%-3.0pp | -12.4%-2.0pp | -10.5%-0.9pp | -9.5%-0.4pp | -9.1%-0.5pp | -8.6% | N/A | -14.5% |
| Return on Assets | -10.5%-1.6pp | -9.0%-1.3pp | -7.7%-0.5pp | -7.2%0.0pp | -7.2%-0.3pp | -6.9% | N/A | -10.0% |
| Current Ratio | 1.98-0.1x | 2.12+0.4x | 1.69-0.2x | 1.89+0.2x | 1.73-0.3x | 2.02+0.1x | 1.92-0.2x | 2.11 |
| Debt-to-Equity | 0.46+0.1x | 0.380.0x | 0.350.0x | 0.320.0x | 0.270.0x | 0.25-0.3x | 0.52+0.1x | 0.45 |
| FCF Margin | -21090.0% | -62728.6% | -64500.0% | -41181.3% | -33847.1% | -19884.2% | N/A | -24210.3% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
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Where Sera Prognostics, Inc. Ranks
Frequently Asked Questions
What is Sera Prognostics, Inc.'s annual revenue?
Sera Prognostics, Inc. (SERA) reported $81K in total revenue for fiscal year 2025. This represents a 5.2% 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 Sera Prognostics, Inc.'s revenue growing?
Sera Prognostics, Inc. (SERA) revenue grew by 5.2% year-over-year, from $77K to $81K in fiscal year 2025.
Is Sera Prognostics, Inc. profitable?
No, Sera Prognostics, Inc. (SERA) reported a net income of -$31.9M in fiscal year 2025.
What is Sera Prognostics, Inc.'s EBITDA?
Sera Prognostics, Inc. (SERA) had EBITDA of -$35.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Sera Prognostics, Inc.'s return on equity (ROE)?
Sera Prognostics, Inc. (SERA) has a return on equity of -42.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Sera Prognostics, Inc.'s free cash flow?
Sera Prognostics, Inc. (SERA) recorded an outflow of $26.3M in free cash flow during fiscal year 2025. This represents a -85.0% 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 Sera Prognostics, Inc.'s operating cash flow?
Sera Prognostics, Inc. (SERA) recorded an outflow of $25.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Sera Prognostics, Inc.'s total assets?
Sera Prognostics, Inc. (SERA) had $101.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Sera Prognostics, Inc.'s capital expenditures?
Sera Prognostics, Inc. (SERA) invested $726K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Sera Prognostics, Inc. spend on research and development?
Sera Prognostics, Inc. (SERA) invested $13.2M in research and development during fiscal year 2025.
What is Sera Prognostics, Inc.'s current ratio?
Sera Prognostics, Inc. (SERA) had a current ratio of 1.69 as of fiscal year 2025, which is generally considered healthy.
What is Sera Prognostics, Inc.'s debt-to-equity ratio?
Sera Prognostics, Inc. (SERA) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sera Prognostics, Inc.'s return on assets (ROA)?
Sera Prognostics, Inc. (SERA) had a return on assets of -31.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Sera Prognostics, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Sera Prognostics, Inc. (SERA) held $95.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $25.6M over that year. Dividing the one by the other, the reported balance equals about 45 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Sera Prognostics, Inc.'s Altman Z-Score?
Sera Prognostics, Inc. (SERA) has an Altman Z-Score of -3.40, placing it in the Distress Zone (elevated 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 Sera Prognostics, Inc.'s Piotroski F-Score?
Sera Prognostics, Inc. (SERA) has a Piotroski F-Score of 2 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 Sera Prognostics, Inc.'s earnings high quality?
Sera Prognostics, Inc. (SERA) reported a net loss of $31.9M while operations used $25.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 Sera Prognostics, Inc. cover its interest payments?
Sera Prognostics, Inc. (SERA) reported an operating loss of $36.5M against $9K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.