SequelSEC

Seer, Inc. SEER

Laboratory Analytical Instruments · CIK 0001726445 · Fiscal year ends 1231

Revenue
$16.58M
Fiscal year ended 2025-12-31
Operating income
-$77.99M
Fiscal year ended 2025-12-31
Free cash flow
-$46.24M
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$113.80MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-12-31
Float per share$2.02Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue6.9×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.4×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 2025-12-31, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Laboratory Analytical Instruments 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
SBC / revenue93.0%100th
Current ratio12.84x96th
CapEx / revenue10.8%95th
Net margin-444.0%9th
Operating margin-470.5%10th
R&D / revenue264.7%89th
FCF margin-279.0%11th
Revenue YoY growth17.0%86th
Gross margin51.1%58th

Seer, Inc. (SEER) reported revenue of $16.58M and net income of -$73.60M for the fiscal year ended 2025-12-31. This page shows 6 annual periods of income statement, balance sheet and cash flow figures normalized from Seer, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Laboratory Analytical Instruments.

Income

Seer, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Revenue$16.58M$14.17M$16.66M$15.49M$6.62M$656.00K
Cost of revenue$8.11M$7.12M$8.16M$8.40M$3.20M$0
Gross profit$8.46M$7.06M$8.51M$7.09M$3.41M$656.00K
Operating income-$77.99M-$100.10M-$103.46M-$97.24M-$71.47M-$33.65M
Net income-$73.60M-$86.60M-$86.28M-$92.97M-$71.17M-$32.78M
Research & development$43.87M$50.58M$53.02M$45.80M$29.12M$18.94M
Weighted-average diluted sharesUnavailableUnavailableshares 63.85Mshares 62.43Mshares 60.86Mshares 13.22M
Pretax income-$73.40M-$86.50M-$86.28MUnavailableUnavailableUnavailable
Income tax expense$201.00K$98.00K$0$0$0$0
Diluted EPSUnavailableUnavailable$-1.35$-1.49$-1.17$-2.48
Selling, general & administrative$42.58M$56.57M$58.95M$58.53M$45.76M$15.36M
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Seer, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Cash & equivalents$47.28M$40.75M$32.50M$53.21M$232.81M$333.58M
Total assets$296.08M$366.60M$436.27M$487.93M$539.14M$442.32M
Current assets$201.53M$253.32M$330.51M$434.98M$411.70M$433.13M
Total liabilities$36.78M$39.03M$39.36M$40.94M$36.22M$10.71M
Current liabilities$15.69M$15.33M$13.22M$12.58M$13.42M$8.09M
Total equity incl. NCI$259.31M$327.57M$396.90M$446.99M$502.92M$431.61M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$7.80M$7.44M$4.49M$4.63M$4.14M$551.00K
Accounts receivableUnavailableUnavailable$4.83M$4.32M$2.50M$0
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

Seer, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Operating cash flow-$44.45M-$46.11M-$59.06M-$60.78M-$46.35M-$20.83M
Capital expenditures$1.80M$3.58M$7.31M$10.26M$6.92M$4.53M
Investing cash flow$61.55M$65.86M$37.90M-$122.72M-$170.88M-$34.56M
Financing cash flow-$10.57M-$11.50M$452.00K$3.89M$116.63M$371.49M
Net change in cash$6.53M$8.25M-$20.71M-$179.60M-$100.59M$316.10M
Stock-based compensation$15.41M$28.21M$34.42M$33.67M$25.93M$7.35M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailable$0$13.00K$20.00K$35.00K$13.00K
Depreciation & amortization$5.12M$5.84M$5.35MUnavailableUnavailableUnavailable

Derived

Seer, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Free cash flow-$46.24M-$49.69M-$66.37M-$71.04M-$53.27M-$25.36M
Gross margin51.1%49.8%51.1%45.8%51.6%100.0%
Operating margin-470.5%-706.4%-621.0%-627.6%-1080.1%-5129.4%
FCF margin-279.0%-350.7%-398.4%-458.6%-805.0%-3866.2%
SBC / revenue93.0%199.1%206.6%217.3%391.8%1120.1%
Current ratio12.84x16.53x25.00x34.57x30.67x53.51x
Revenue YoY growth17.0%-15.0%7.5%134.1%908.7%Unavailable
Net margin-444.0%-611.1%-517.8%-600.1%-1075.5%-4996.2%
R&D / revenue264.7%357.0%318.2%295.6%440.1%2887.5%
CapEx / revenue10.8%25.3%43.9%66.3%104.6%691.2%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

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

Source filings

10-Q · Filed 2026-08-11View SEC filing
10-Q · Filed 2026-05-13View SEC filing
10-K · Filed 2026-03-02View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-13View 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.