20/20 BioLabs Reports Full Year 2025 Financial Results and Recent Operational Progress
Rhea-AI Summary
20/20 BioLabs (Nasdaq: AIDX) reported FY2025 revenue of $2.0 million, up 17% year-over-year, with gross profit $0.6M (+68%) and gross margin expanding 900 basis points to 29.6%. Operating expenses fell 35% to $3.9M and net loss improved to ($3.7M).
The company completed a $5.0M private placement on February 19, 2026, secured $520,000 in Maryland state funding for firefighter screenings, launched OneTest for Longevity with IBM AI support, licensed ROKIT CKD technology, and began Nasdaq trading under AIDX.
Positive
- Revenue +17% to $2.0M in FY2025
- Gross profit +68% to $0.6M
- Gross margin expanded 900 bps to 29.6%
- Operating expenses reduced 35% to $3.9M
- Completed $5.0M private placement on February 19, 2026
Negative
- Net loss of $3.7M in FY2025
- Cash balance down to $1.0M as of December 31, 2025
- Potential dilution from up to $40M preferred financing facility
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 27 | State funding award | Positive | +4.0% | Maryland fire departments funded with over $520,000 for OneTest screenings. |
| Mar 24 | License agreement | Positive | -17.6% | Exclusive U.S. license to add CKD prediction to Longevity platform. |
| Mar 12 | Technology validation | Positive | -8.5% | Highlighted PTM-based MCED advantages and strong early-stage detection data. |
| Feb 25 | Product launch | Positive | -28.8% | Commercial launch of OneTest for Longevity using IBM AI capabilities. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news has mostly been positive but has often been followed by negative price reactions, indicating a pattern of selling into good news.
Over the past month, AIDX issued several positive updates. On Mar 27, a $520,000 Maryland firefighter screening award saw shares rise 4.05%. However, an exclusive CKD prediction license on Mar 24 and a biomarker validation update on Mar 12 led to declines of 17.59% and 8.49%, respectively. The Feb 25 launch of OneTest for Longevity coincided with a 28.82% drop. Against this backdrop, today’s stronger FY 2025 financials come as the stock trades near the lower end of its 52-week range.
Key Terms
private placement financial
preferred purchase agreement financial
multi-cancer early detection (MCED) medical
circulating tumor DNA (ctDNA) medical
Medicare Multi-Cancer Early Detection Screening Act regulatory
Medicare reimbursement regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Full Year 2025 Revenue of
Gross Profit Increased
State-Funded Firefighter Cancer Screening Program Expected to Drive Significant Revenue Growth in Q2 and Full Year 2026
Recent Nasdaq Listing Under Ticker Symbol “AIDX” and New Growth Initiatives Position 20/20 BioLabs for 2026 Expansion
GAITHERSBURG, Md., March 31, 2026 (GLOBE NEWSWIRE) -- 20/20 BioLabs, Inc. (Nasdaq: AIDX) (“20/20” or the “Company”), an early market entrant in AI powered laboratory-based blood tests for the early detection and prevention of cancers and chronic diseases, today reported its financial and operational results for the full year ended December 31, 2025.
Fourth Quarter & Subsequent 2026 Operational Highlights
- Revenue of
$2.0 million for FY 2025, representing an increase of17% over FY 2024. - Deferred revenue totaled approximately
$0.4 million as of December 31, 2025. - Gross profit of
$0.6 million for FY 2025, representing an increase of68% over FY 2024. Gross margin was29.6% in FY 2025, compared to20.6% in FY 2024. - Total operating expenses decreased
35% to$3.9 million in FY 2025 compared to$6.0 million in FY 2024. - FY 2025 net loss improved
33% to ($3.7) million , compared to ($5.6) million in FY 2024. - Net cash used in operating activities decreased to
$1.9 million for FY 2025, compared to$2.6 million in FY 2024. - Cash balance was
$1.0 million as of December 31, 2025. - Completed a
$5.0 million private placement on February 19, 2026 under a preferred purchase agreement pursuant to which up to$40 million in capital may be raised in multiple tranches, subject to 20/20 Biolabs meeting certain conditions. $520,000 in funding from the Maryland Department of Health (MDH) for cancer screenings using OneTest ™ Multi-Cancer Early Detection (MCED) blood test awarded to 18 Maryland fire departments.- Entered into an exclusive U.S. license agreement with ROKIT Healthcare to integrate advanced CKD prediction technology into its Longevity Test Program.
- Launched OneTest™ for Longevity blood test and chronic disease risk assessment and management solution built with IBM¹ AI capabilities.
- Provided an update on its patented protein tumor marker (PTM) based, machine learning (ML) derived multi-cancer early detection (MCED) methodology in the wake of several recent studies suggesting the expected value of this approach for earlier stage detection compared to stand-alone circulating tumor DNA (ctDNA) based MCEDs.
- The Medicare Multi-Cancer Early Detection Screening Act was signed into law on February 3, 2026, creating a pathway for Medicare reimbursement for MCEDs by 2028
- Commenced trading on the Nasdaq Capital Market under the ticker symbol “AIDX” on February 19, 2026.
¹IBM is acting as an information technology provider only. IBM does not purport to be engaged in the practice of medicine or any other professional clinical or licensed activity. IBM's offerings are not designed or intended to constitute protocols for delivering medical care; a substitute for professional medical advice, diagnosis, treatment or judgment; a drug, drug-adjunct technology, or drug development tool subject to quality system requirements; or medical device as defined under the laws of any jurisdiction.
Management Commentary
“The fourth quarter and full year 2025 delivered strong revenue growth, expanded gross margins, and lowered costs as we continued to build on our innovative product portfolio with the launch of OneTest™ for Longevity,” said Jonathan Cohen, Chief Executive Officer of 20/20 BioLabs. “Revenue was
“Growth has been fueled primarily by our OneTest™ MCED blood test, which has been demonstrated to identify many cancer types at earlier stages than competing ctDNA based MCEDs in a large and growing market focused on earlier cancer detection. Most recently, 18 Maryland fire departments have been notified that they will collectively be awarded over
“In February we launched the OneTest™ for Longevity solution to help individuals track chronic inflammation associated with several major chronic diseases in collaboration with DAISource. The product uses IBM watsonx.ai - an integrated AI application development studio - to calculate and display an individual's risk of being diagnosed with chronic diseases such as diabetes, dementia, and cardiovascular disease. The product also provides personalized, evidence-based dietary recommendations to help individuals lower their biomarker levels and associated disease risks.”
“Previously, we announced a license agreement with ROKIT to integrate their proprietary chronic kidney disease prediction algorithms into our Longevity platform. We are now in discussions with ROKIT Healthcare of Korea about making this test available in East Asia.”
“Looking ahead, we believe 2026 will be a breakout year for 20/20, driven by strong demand for our products in markets that include firefighting, veterans, occupational health and self-insured employers. As of December 31, 2025, deferred revenue totaled approximately
“Following recent legislation establishing a pathway for Medicare coverage of MCEDs beginning in 2028, we plan to seek Medicare coverage for OneTest™ for Cancer, which we believe could further accelerate demand over time. We believe our improved gross margin profile, lower operating cost base, and recent access to capital have positioned the Company for growth while maintaining a focus on efficiency, a path to sustainable profitability, and long-term value for our shareholders,” concluded Cohen.
Full Year 2025 Financial Results
Total revenue for the year ended December 31, 2025 was
Total cost of revenue for the year ended December 31, 2025 was
Gross profit for the year ended December 31, 2025 was
Total operating expenses for the year ended December 31, 2025 were
Net loss for the year ended December 31, 2025 improved by
Net cash used in operating activities for the year ended December 31, 2025 was
Cash totaled
About 20/20 BioLabs
20/20 BioLabs, Inc. (Nasdaq: AIDX) develops and commercializes AI-powered, laboratory-based blood tests for the early detection and prevention of cancers and chronic diseases. The Company offers two families of lab tests under the OneTest brand. OneTest™ for Cancer is a multi-cancer early detection (MCED) blood test, and OneTest for Longevity™, which measures inflammatory biomarkers, expected to launch in the first half of 2026. OneTest’s affordable, accurate, accessible tests can be conveniently utilized at home using new, upper arm capillary collection devices that avoid painful needles. Tests are run in its College of American Pathologists (CAP) accredited, Clinical Laboratory Improvement Amendments (CLIA) licensed laboratory in Gaithersburg, MD.
For more information visit https://2020biolabs.com.
Forward-Looking Statements
Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that it believes may affect its financial condition, results of operations, business strategy, and financial needs. Forward-looking statements can be identified by words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project,” “continue,” or the negative of these terms or other comparable expressions. Actual results may differ materially from those expressed or implied by such forward-looking statements. A number of factors could cause actual results to differ materially from those contained in these forward-looking statements, including, but not limited to, the risks described in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), available on the SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 10-K, as well as in our other reports filed or furnished from time to time with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur after the date of this release or to reflect the occurrence of unanticipated events, except as required by applicable law. Although the Company believes the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee future results, and investors are cautioned that actual outcomes may differ materially from those anticipated.
Investor Relations
Chris Tyson
MZ Group
Direct: 949-491-8235
AIDX@mzgroup.us
| 20/20 BIOLABS, INC. BALANCE SHEETS DECEMBER 31, 2025 AND 2024 | ||||||||
| 2025 | 2024 | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 1,025,987 | $ | 1,784,009 | ||||
| Accounts receivable, net | 199,954 | 135,272 | ||||||
| Inventory | 116,217 | 47,164 | ||||||
| Prepaid expenses and other current assets | 128,975 | 67,780 | ||||||
| Total current assets | 1,471,133 | 2,034,225 | ||||||
| License agreement, net | 271,143 | 293,643 | ||||||
| Property and equipment, net | 56,677 | 116,669 | ||||||
| Intangible assets, net | 202,264 | 205,529 | ||||||
| Right-of-use asset, net | 605,289 | 772,385 | ||||||
| Deferred offering costs | 1,507,794 | - | ||||||
| Other assets | 23,057 | 161,957 | ||||||
| Total assets | $ | 4,137,357 | $ | 3,584,408 | ||||
| Liabilities and Stockholders’ equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 868,545 | $ | 372,303 | ||||
| Accrued liabilities | 785,784 | 346,622 | ||||||
| Deferred revenue | 414,871 | 470,451 | ||||||
| Derivative liability | 143,382 | - | ||||||
| Convertible note | 74,611 | - | ||||||
| Operating lease liability – current | 175,948 | 165,702 | ||||||
| Total current liabilities | 2,463,141 | 1,355,078 | ||||||
| Long-term liabilities: | ||||||||
| Convertible notes payable, net | 619,355 | - | ||||||
| Deferred revenue – long-term | 41,816 | 50,000 | ||||||
| Derivative liabilities – long-term | 543,545 | - | ||||||
| Operating lease liability – long term | 488,725 | 673,848 | ||||||
| Total long-term liabilities | 1,693,441 | 723,848 | ||||||
| Total liabilities | 4,156,582 | 2,078,926 | ||||||
| Commitments and contingencies (Note 8) | - | - | ||||||
| Stockholders’ equity: | ||||||||
| Series D preferred stock, | 1,016 | 624 | ||||||
| Series C preferred stock, | 12,040 | 12,040 | ||||||
| Series B preferred stock, | 14,715 | 14,715 | ||||||
| Series A-2 preferred stock, | 4,424 | 4,424 | ||||||
| Series A-1 preferred stock, | 6,515 | 6,515 | ||||||
| Series A preferred stock, | 8,464 | 8,464 | ||||||
| Common stock, | 54,422 | 48,231 | ||||||
| Subscription receivable | - | (28,734 | ) | |||||
| Additional paid-in capital | 33,126,398 | 30,947,601 | ||||||
| Accumulated deficit | (33,247,219 | ) | (29,508,398 | ) | ||||
| Total stockholders’ (deficit) equity | (19,225 | ) | 1,505,482 | |||||
| Total liabilities and stockholders’ equity | $ | 4,137,357 | $ | 3,584,408 | ||||
| 20/20 BIOLABS, INC. STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 | ||||||||
| 2025 | 2024 | |||||||
| Revenues | $ | 2,045,133 | $ | 1,752,343 | ||||
| Cost of revenues | 1,440,592 | 1,392,032 | ||||||
| Gross profit | 604,541 | 360,311 | ||||||
| Operating expenses: | ||||||||
| Sales, general and administrative | 3,342,843 | 4,759,587 | ||||||
| Research and development | 592,569 | 1,261,781 | ||||||
| Loss on impairment of fixed assets | - | 16,356 | ||||||
| Total operating expenses | 3,935,412 | 6,037,724 | ||||||
| Operating loss | (3,330,871 | ) | (5,677,413 | ) | ||||
| Other (expense) income: | ||||||||
| Interest expense | (156,207 | ) | (12,646 | ) | ||||
| Interest income | 21,399 | 79,467 | ||||||
| Change in fair value of derivative liabilities | 7,737 | - | ||||||
| Loss on issuance of convertible note | (280,764 | ) | - | |||||
| Other (expense) income, net | (115 | ) | 58,925 | |||||
| Total other (expense) income | (407,950 | ) | 125,746 | |||||
| Provision for income taxes | - | - | ||||||
| Net loss | $ | (3,738,821 | ) | $ | (5,551,667 | ) | ||
| Basic and diluted net loss per common share | $ | (0.76 | ) | $ | (1.16 | ) | ||
| Weighted-average common shares outstanding, basic and diluted | 4,930,287 | 4,800,524 | ||||||
| 20/20 BIOLABS, INC. STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 | ||||||||
| 2025 | 2024 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Net loss | $ | (3,738,821 | ) | $ | (5,551,667 | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Depreciation and amortization | 63,257 | 116,035 | ||||||
| Stock based compensation | 516,180 | 2,176,098 | ||||||
| Amortization of license fees | 22,500 | 22,500 | ||||||
| Amortization of right-of-use assets, net of liabilities | (7,781 | ) | (2,778 | ) | ||||
| Amortization of debt discount | 115,184 | 4,979 | ||||||
| Change in fair value of derivative liability | (7,737 | ) | - | |||||
| Loss on issuance of convertible note | 280,764 | - | ||||||
| Loss on impairment of fixed assets | - | 16,356 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (64,682 | ) | (66,438 | ) | ||||
| Inventory | (69,052 | ) | 13,504 | |||||
| Prepaid expenses and other assets | 77,705 | 215,002 | ||||||
| Accounts payable | 496,242 | 12,025 | ||||||
| Accrued liabilities | 419,263 | 172,352 | ||||||
| Interest payable | 41,023 | 7,667 | ||||||
| Deferred revenue | (63,765 | ) | 265,580 | |||||
| Net cash used in operating activities | (1,919,720 | ) | (2,598,785 | ) | ||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Proceeds from issuance of convertible notes payable | 988,472 | - | ||||||
| Proceeds from issuance of Series D preferred stock | 192,338 | 293,333 | ||||||
| Proceeds from issuance of pre-delivery shares | 4,750 | - | ||||||
| Deferred offering costs | (23,862 | ) | - | |||||
| Net cash provided by financing activities | 1,161,698 | 293,333 | ||||||
| Decrease in cash and cash equivalents | (758,022 | ) | (2,305,452 | ) | ||||
| Cash and cash equivalents, beginning of year | 1,784,009 | 4,089,461 | ||||||
| Cash and cash equivalents, end of year | $ | 1,025,987 | $ | 1,784,009 | ||||
| Supplemental disclosures of cash flow information: | ||||||||
| Cash paid for interest | $ | - | $ | - | ||||
| Cash paid for income taxes | $ | - | $ | - | ||||
| Non-cash disclosures of cash flow information: | ||||||||
| Deferred offering costs – issuance of common stock issued as offering costs | $ | 1,483,932 | $ | - | ||||
| Derivative liabilities recognized as debt discounts | $ | 430,814 | $ | - | ||||
| Conversion of convertible notes payable and accrued interest to common stock | $ | - | $ | 241,811 | ||||
| Subscription receivable - Issuance of series D preferred | $ | - | $ | 28,734 | ||||
| Officer forgiveness of accrued compensation | $ | - | $ | 58,415 | ||||
