Ginkgo Bioworks Holdings, Inc. income statement
In fiscal 2025, Ginkgo Bioworks Holdings, Inc. reported revenue of $170m, down 25.1% on the year before, operating income of −$315m (a -185.3% margin) and net income of −$313m, or −$5.64 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 54 | 77 | 314 | 478 | 251 | 227 | 170 | 112 |
| Research and development | 96 | 160 | 1,150 | 1,053 | 581 | 424 | 244 | 216 |
| General and administrative | 29 | 38 | 863 | 1,430 | 385 | 246 | 183 | 160 |
| Operating income | −72 | −137 | −1,828 | −2,209 | −864 | −560 | −315 | −291 |
| Interest expense | 2 | 2 | 2 | 0 | 0 | 0 | 0 | — |
| Net interest income | −48 | 12 | −10 | — | — | — | — | — |
| Income before tax | −120 | −125 | −1,838 | −2,121 | −893 | −548 | −314 | −295 |
| Income tax | 0 | 2 | −1 | −15 | −0 | −0 | −1 | −1 |
| Net income | −119 | −127 | −1,830 | −2,105 | −893 | −547 | −313 | −291 |
| Diluted EPS | −$4.00 | −$4.00 | −$55.60 | −$50.20 | −$18.37 | −$10.54 | −$5.64 | −$4.96 |
| Diluted shares (average) | 29m | 32m | 34m | 42m | 49m | 52m | 55m | 59m |
| EBITDA | −61 | −123 | −1,799 | −2,166 | −794 | −497 | −256 | −237 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 89 | 44 | 38 | 39 | 39 | 33 | 19 | 20 |
| Cost of revenue | — | — | 4 | 5 | — | — | 3 | 2 |
| Gross profit | — | — | 34 | 34 | — | — | 16 | 18 |
| Research and development | 77 | 76 | 71 | 53 | 69 | 50 | 50 | 46 |
| General and administrative | 52 | 57 | 40 | 35 | 45 | 46 | 38 | 31 |
| Operating income | −55 | −104 | −81 | −58 | −90 | −71 | −71 | −59 |
| Interest expense | −9 | 31 | — | — | — | — | — | — |
| Net interest income | 9 | — | 6 | 6 | 6 | — | 4 | 3 |
| Income before tax | −57 | −108 | −83 | −53 | −81 | −81 | −76 | −57 |
| Income tax | −0 | −0 | 0 | −0 | 0 | −1 | −0 | 0 |
| Net income | −56 | −108 | −91 | −60 | −81 | −81 | −83 | −47 |
| Diluted EPS | −$1.08 | −$1.96 | −$1.68 | −$1.10 | −$1.45 | −$1.42 | — | — |
| EBITDA | −38 | −88 | −66 | −43 | −75 | −57 | −59 | −46 |
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