Lenz Therapeutics, Inc. income statement
In fiscal 2025, Lenz Therapeutics, Inc. reported revenue of $19.1m, operating income of −$91.1m (a -477.5% margin) and net income of −$82.1m, or −$2.85 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 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|
| Revenue | 0 | 19 | 21 |
| Cost of revenue | 0 | 0 | — |
| Gross profit | 0 | 19 | — |
| Research and development | 30 | 19 | 4 |
| Selling, general and administrative | 29 | 91 | 152 |
| Operating income | −59 | −91 | −136 |
| Income before tax | −50 | −82 | — |
| Income tax | 0 | 1 | — |
| Net income | −50 | −82 | −126 |
| Diluted EPS | −$2.34 | −$2.85 | −$4.12 |
| Diluted shares (average) | 21m | 29m | 31m |
| EBITDA | −59 | −91 | −135 |
| 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 | 0 | 0 | 0 | 5 | 13 | 2 | 2 | 5 |
| Cost of revenue | — | — | 0 | 0 | — | — | 1 | 0 |
| Gross profit | — | — | 0 | 5 | — | — | 1 | 5 |
| Research and development | 6 | 6 | 6 | 9 | 4 | 0 | 0 | 0 |
| Selling, general and administrative | 6 | 9 | 11 | 13 | 28 | 40 | 45 | 39 |
| Operating income | −13 | −15 | −17 | −17 | −19 | −38 | −44 | −34 |
| Income before tax | −10 | −13 | — | −14 | −17 | −36 | — | −32 |
| Income tax | 0 | 0 | — | 1 | 0 | 0 | — | 0 |
| Net income | −10 | −13 | −15 | −15 | −17 | −36 | −41 | −32 |
| Diluted EPS | −$0.38 | −$0.41 | −$0.53 | −$0.53 | −$0.59 | −$1.20 | −$1.32 | −$1.02 |
| EBITDA | −13 | −15 | −17 | −17 | −19 | −38 | −44 | −34 |
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