Twist Bioscience Corp income statement
In fiscal 2025, Twist Bioscience Corp reported revenue of $377m, up 20.3% on the year before, operating income of −$136m (a -36.2% margin) and net income of −$77.7m, or −$1.30 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 | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11 | 25 | 54 | 90 | 132 | 204 | 245 | 313 | 377 | 432 |
| Cost of revenue | 24 | 32 | 47 | 61 | 81 | 119 | 155 | 180 | 186 | 207 |
| Gross profit | −13 | −7 | 7 | 29 | 52 | 84 | 90 | 133 | 191 | 224 |
| Research and development | 19 | 20 | 36 | 43 | 69 | 120 | 107 | 91 | 80 | 72 |
| Selling, general and administrative | 26 | 43 | 80 | 103 | 136 | 213 | 190 | 218 | 247 | 290 |
| Operating income | −58 | −71 | −109 | −140 | −153 | −235 | −217 | −221 | −136 | −145 |
| Interest expense | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | — | — |
| Income before tax | −59 | −71 | −107 | −140 | −154 | −228 | −203 | −208 | −77 | −136 |
| Income tax | 0 | 0 | 0 | 0 | −2 | −10 | 1 | 1 | 1 | 1 |
| Net income | −59 | −71 | −108 | −140 | −152 | −218 | −205 | −209 | −78 | −137 |
| Diluted EPS | −$24.49 | −$25.51 | −$3.92 | −$3.57 | −$3.15 | −$4.04 | −$3.60 | −$3.60 | −$1.30 | −$2.24 |
| Diluted shares (average) | 2,422m | — | 27m | 39m | 48m | 54m | 57m | 58m | 60m | 61m |
| EBITDA | −53 | −65 | −103 | −133 | −143 | −218 | −188 | −189 | −111 | −120 |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Dec 2025 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 85 | 89 | 93 | 96 | 99 | 104 | 111 | 118 |
| Cost of revenue | 46 | 46 | 47 | 45 | 48 | 50 | 54 | 56 |
| Gross profit | 38 | 43 | 46 | 51 | 51 | 54 | 57 | 62 |
| Research and development | 21 | 21 | 24 | 18 | 17 | 17 | 20 | 18 |
| Selling, general and administrative | 53 | 56 | 64 | 63 | 64 | 70 | 76 | 81 |
| Operating income | −36 | −35 | −42 | −30 | −30 | −33 | −46 | −36 |
| Interest expense | 0 | 0 | 0 | — | — | — | — | — |
| Income before tax | −35 | −31 | −39 | 21 | −27 | −30 | −44 | −35 |
| Income tax | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −35 | −32 | −39 | 20 | −27 | −31 | −44 | −35 |
| Diluted EPS | −$0.59 | −$0.53 | −$0.66 | $0.33 | −$0.45 | −$0.50 | −$0.71 | −$0.56 |
| EBITDA | −29 | −28 | −35 | −24 | −24 | −27 | −40 | −30 |
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