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Friday, February 27, 2026

Ginkgo revenue misses as it pivots to autonomous labs

 

Ginkgo Bioworks Q4 2025 non-GAAP EPS -$1.41 beats estimates while $33.0M revenue misses as it pivots to autonomous labs

  • Non-GAAP EPS of -$1.41 improved 30% YoY, while revenue of $33.0M declined 25% YoY.
  • Core cell engineering revenue fell 26% YoY in Q4 to $26M.
  • Full-year cell engineering revenue was $133M, down from $174M in 2024.
  • Biosecurity revenue reached $37M in 2025; business will be divested, Ginkgo retaining a minority stake.
  • Company will no longer provide revenue guidance, emphasizing cash burn and autonomous lab execution instead.
  • Cash burn cut 55%, with 2026 cash burn guided to $125–150M, improving from 2025's $171M actual.
  • Total adjusted EBITDA loss improved to -$167M from -$293M on restructuring-driven opex cuts.
  • Year-end cash balance was about $430M, giving meaningful runway despite ongoing losses.
  • Signed $47M Department of Energy contract to build 97-rack autonomous lab at PNNL.

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