SequelSEC

Ginkgo Bioworks Holdings, Inc. DNA

Biological Products, (No Diagnostic Substances) · CIK 0001830214 · Fiscal year ends 1231

Revenue
$170.16M
Fiscal year ended 2025-12-31
Operating income
-$315.28M
Fiscal year ended 2025-12-31
Free cash flow
-$178.72M
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$553.00MMarket value of stock held by non-affiliates, as stated on the cover page for 2024-06-28
Float / revenue2.4×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.8×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2024-06-28, not today, and each multiple below it uses the figures for the fiscal year ending 2024-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Biological Products, (No Diagnostic Substances) filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Revenue YoY growth-25.1%29th
FCF margin-105.0%63th
Operating margin-185.3%62th
R&D / revenue143.3%39th
CapEx / revenue4.5%58th
Net margin-183.8%58th
SBC / revenue47.9%55th
Current ratio4.92x52th

Ginkgo Bioworks Holdings, Inc. (DNA) reported revenue of $170.16M and net income of -$312.76M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Ginkgo Bioworks Holdings, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Biological Products, (No Diagnostic Substances).

Income

Ginkgo Bioworks Holdings, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$170.16M$227.04M$251.46M$477.71M$313.84M$76.66M$54.18M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income-$315.28M-$559.76M-$864.41M-$2.21B-$1.83B-$137.03M-$71.60M
Net income-$312.76M-$547.03M-$892.87M-$2.10B-$1.83B-$126.61M-$119.33M
Research & development$243.77M$424.06M$580.62M$1.05B$1.15B$159.77M$96.30M
Weighted-average diluted sharesshares 55.46Mshares 51.89Mshares 48.61Mshares 42.00Mshares 1.36Bshares 1.27Bshares 1.15B
Pretax income-$313.60M-$547.51M-$892.94M-$2.12B-$1.84B-$124.83M-$119.84M
Income tax expense-$837.00K-$479.00K-$71.00K-$15.03M-$1.48M$1.89M$22.00K
Diluted EPS$-5.64$-10.54$-18.37$-50.20$-1.39$-0.10$-0.10
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$183.29M$246.16M$385.02M$1.43B$862.95M$38.31M$29.48M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Ginkgo Bioworks Holdings, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$167.20M$561.57M$944.07M$1.32B$1.55B$380.80M$495.29M
Total assets$1.12B$1.38B$1.67B$2.54B$2.07B$675.15MUnavailable
Current assets$471.84M$602.74M$1.00B$1.45B$1.72B$426.54MUnavailable
Total liabilities$611.11M$661.39M$568.19M$803.04M$503.61M$205.10MUnavailable
Current liabilities$95.97M$107.27M$163.86M$172.96M$134.76M$73.22MUnavailable
Total equity incl. NCI$508.59M$716.06M$1.10B$1.74B$1.57B$470.05M$501.85M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailable$46.00K$4.36M$3.36M$2.74MUnavailable
Accounts receivable$24.03M$21.86M$17.16M$80.91M$131.54M$16.69MUnavailable
GoodwillUnavailable$0$49.24M$60.21M$21.31M$1.86M$1.86M
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$10.57M$14.17M$9.32M$10.45M$8.19M$13.89MUnavailable

Cash flow

Ginkgo Bioworks Holdings, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow-$171.06M-$319.58M-$295.50M-$252.20M-$253.82M-$135.83M-$44.66M
Capital expenditures$7.66M$62.54M$40.80M$52.27M$56.52M$57.82M$22.22M
Investing cash flow-$240.29M-$62.24M-$80.69M-$67.39M-$73.26M-$67.12M-$74.60M
Financing cash flow$17.78M-$1.74M-$3.22M$95.34M$1.53B$90.32M$410.38M
Net change in cash-$393.37M-$383.84M-$380.00M-$223.35M$1.21B-$112.63M$291.12M
Stock-based compensation$81.55M$112.34M$229.88M$1.93B$1.61B$476.00K$771.00K
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$408.00K
Depreciation & amortization$58.99M$63.02M$70.51M$42.55M$29.08M$13.86M$10.76M

Derived

Ginkgo Bioworks Holdings, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow-$178.72M-$382.13M-$336.30M-$304.47M-$310.34M-$193.65M-$66.88M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin-185.3%-246.5%-343.8%-462.4%-582.6%-178.8%-132.1%
FCF margin-105.0%-168.3%-133.7%-63.7%-98.9%-252.6%-123.4%
SBC / revenue47.9%49.5%91.4%404.1%511.7%0.6%1.4%
Current ratio4.92x5.62x6.11x8.38x12.79x5.83xUnavailable
Revenue YoY growth-25.1%-9.7%-47.4%52.2%309.4%41.5%Unavailable
Net margin-183.8%-240.9%-355.1%-440.6%-583.1%-165.2%-220.2%
R&D / revenue143.3%186.8%230.9%220.4%366.3%208.4%177.7%
CapEx / revenue4.5%27.5%16.2%10.9%18.0%75.4%41.0%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open DNA in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-06View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.