Seres Therapeutics, Inc. income statement
In fiscal 2025, Seres Therapeutics, Inc. reported revenue of $789,000, operating income of −$94.0m (a -11910.1% margin) and net income of $5.7m, or $0.64 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 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 22 | 32 | 28 | 35 | 33 | 145 | 7 | 0 | 0 | 1 | 2 |
| Research and development | 38 | 82 | 89 | 96 | 80 | 91 | 142 | 110 | 118 | 65 | 49 | 47 |
| General and administrative | 17 | 33 | 34 | 33 | 25 | 31 | 69 | 70 | 78 | 53 | 39 | 32 |
| Operating income | −55 | −93 | −91 | −100 | −72 | −88 | −64 | −180 | −195 | −121 | −94 | −84 |
| Interest expense | — | — | — | — | 1 | 3 | 3 | 6 | 2 | 0 | 0 | — |
| Net interest income | 0 | 1 | 2 | — | — | — | — | — | — | — | — | — |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −55 | −92 | −89 | −99 | −70 | −89 | −66 | −250 | −114 | 0 | 6 | −22 |
| Diluted EPS | −$46.60 | −$46.00 | −$44.20 | −$48.60 | −$24.80 | −$22.40 | −$14.40 | −$46.20 | −$17.77 | $0.00 | $0.64 | −$2.41 |
| Diluted shares (average) | 1m | 2m | 2m | 2m | 3m | 4m | 5m | 5m | 6m | 8m | 9m | 9m |
| EBITDA | −54 | −89 | −84 | −92 | −64 | −82 | −59 | −173 | −189 | −116 | −90 | −81 |
| 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 | 0 | 0 | 0 | 0 | 1 |
| Research and development | 16 | 13 | 12 | 13 | 13 | 12 | 13 | 9 |
| General and administrative | 13 | 12 | 12 | 10 | 9 | 8 | 8 | 7 |
| Operating income | −29 | −29 | −27 | −25 | −22 | −19 | −21 | −21 |
| Interest expense | 0 | 0 | 0 | 0 | — | — | — | — |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 89 | −16 | 33 | −20 | 8 | −15 | −20 | 5 |
| Diluted EPS | $11.63 | −$2.10 | $3.75 | −$2.27 | $0.94 | −$1.76 | −$2.08 | $0.47 |
| EBITDA | −28 | −28 | −26 | −24 | −21 | −18 | −20 | −21 |
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