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Ginkgo Bioworks Holdings, Inc. (DNA) 10-Year Financial Performance & Capital Metrics

DNA • • Industrial / General
HealthcareBiotechnologyPlatform & Technology CompaniesAntibody Discovery Platforms
AboutGinkgo Bioworks Holdings, Inc., together with its subsidiaries, develops platform for cell programming. Its platform is used to program cells to enable biological production of products, such as novel therapeutics, food ingredients, and chemicals derived from petroleum. The company serves various end markets, including specialty chemicals, agriculture, food, consumer products, and pharmaceuticals. Ginkgo Bioworks has a partnership with Selecta Biosciences, Inc. to develop ImmTOR technology platform. Ginkgo Bioworks Holdings, Inc. was founded in 2008 and is headquartered in Boston, Massachusetts.Show more
  • Revenue $227M -9.7%
  • EBITDA -$497M +37.3%
  • Net Income -$547M +38.7%
  • EPS (Diluted) -10.54 +42.7%
  • Gross Margin 83.02% +5.7%
  • EBITDA Margin -218.79% +30.6%
  • Operating Margin -246.54% +28.3%
  • Net Margin -240.94% +32.1%
  • ROE -60.34% +4.3%
  • ROIC -82.75% +19.9%
  • Debt/Equity 0.65 +199.5%
  • Interest Coverage -5954.86 +35.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 33.2%
  • ✓Trading at only 0.7x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y33.18%
3Y-10.23%
TTM-17.13%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM47.86%

EPS CAGR

10Y-
5Y-
3Y-
TTM51.31%

ROCE

10Y Avg-60.75%
5Y Avg-70.72%
3Y Avg-62.59%
Latest-40.39%

Peer Comparison

Antibody Discovery Platforms
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NAGENiagen Bioscience Inc503.58M6.3157.3619.18%16.38%28.91%2.37%0.06
BTXBlackRock Technology and Private Equity Term Trust808.8M6.9340.76-81.13%87.75%1.87%34.27%
HALOHalozyme Therapeutics, Inc.8.45B71.8220.9422.44%47.91%118.17%5.55%4.14
RPRXRoyalty Pharma plc16.97B39.7220.80-3.86%32.55%7.95%16.32%0.74
REGNRegeneron Pharmaceuticals, Inc.76.63B741.9219.358.27%32.13%14.79%4.78%0.09
GMABGenmab A/S20.85B33.852.7930.67%46.8%114.25%36.37%0.03
DNAGinkgo Bioworks Holdings, Inc.464.86M9.58-0.91-9.71%-188%-60.66%0.65
PRMEPrime Medicine, Inc.720.24M3.99-2.42-33.02%-121.95%0.27

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+54.18M76.66M313.84M477.71M251.46M227.04M
Revenue Growth %-0.41%3.09%0.52%-0.47%-0.1%
Cost of Goods Sold+015.61M129.69M204.22M54.01M38.55M
COGS % of Revenue-0.2%0.41%0.43%0.21%0.17%
Gross Profit+54.18M61.05M184.15M273.49M197.45M188.49M
Gross Margin %1%0.8%0.59%0.57%0.79%0.83%
Gross Profit Growth %-0.13%2.02%0.49%-0.28%-0.05%
Operating Expenses+125.78M198.07M2.01B2.48B1.06B748.25M
OpEx % of Revenue2.32%2.58%6.41%5.2%4.22%3.3%
Selling, General & Admin29.48M38.31M862.95M1.43B385.02M246.16M
SG&A % of Revenue0.54%0.5%2.75%2.99%1.53%1.08%
Research & Development96.3M159.77M1.15B1.05B580.62M424.06M
R&D % of Revenue1.78%2.08%3.66%2.2%2.31%1.87%
Other Operating Expenses000096.21M78.03M
Operating Income+-71.6M-137.03M-1.83B-2.21B-864.41M-559.76M
Operating Margin %-1.32%-1.79%-5.83%-4.62%-3.44%-2.47%
Operating Income Growth %--0.91%-12.34%-0.21%0.61%0.35%
EBITDA+-60.84M-123.16M-1.8B-2.15B-792.85M-496.74M
EBITDA Margin %-1.12%-1.61%-5.73%-4.5%-3.15%-2.19%
EBITDA Growth %--1.02%-13.61%-0.19%0.63%0.37%
D&A (Non-Cash Add-back)10.76M13.86M29.08M61.63M71.55M63.02M
EBIT-117.41M-122.45M-1.84B-2.12B-892.85M-547.41M
Net Interest Income+3.33M197K-1.54M20.16M57.12M38.52M
Interest Income5.76M2.58M837K20.26M57.22M38.61M
Interest Expense2.42M2.38M2.37M106K93K94K
Other Income/Expense-48.24M12.19M-9.65M87.55M-28.53M12.25M
Pretax Income+-119.83M-124.83M-1.84B-2.12B-892.94M-547.51M
Pretax Margin %-2.21%-1.63%-5.86%-4.44%-3.55%-2.41%
Income Tax+22K1.89M-1.48M-15.03M-71K-479K
Effective Tax Rate %1%1.01%1%0.99%1%1%
Net Income+-119.33M-126.61M-1.83B-2.1B-892.87M-547.03M
Net Margin %-2.2%-1.65%-5.83%-4.41%-3.55%-2.41%
Net Income Growth %--0.06%-13.45%-0.15%0.58%0.39%
Net Income (Continuing)-119.86M-126.72M-1.84B-2.11B-892.87M-547.03M
Discontinued Operations000000
Minority Interest8.79M8.68M62.01M000
EPS (Diluted)+-4.15-4.00-55.53-50.20-18.40-10.54
EPS Growth %-0.04%-12.88%0.1%0.63%0.43%
EPS (Basic)-4.15-3.97-53.83-50.15-18.37-10.54
Diluted Shares Outstanding28.73M31.87M34.01M42M48.61M51.89M
Basic Shares Outstanding28.73M31.65M32.95M41.93M48.53M51.89M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+511.93M426.54M1.72B1.45B1B602.74M
Cash & Short-Term Investments495.29M380.8M1.55B1.32B944.07M561.57M
Cash Only495.29M380.8M1.55B1.32B944.07M561.57M
Short-Term Investments000000
Accounts Receivable7.68M21.91M149.9M84.03M17.9M22.44M
Days Sales Outstanding51.72104.3174.3464.225.9836.08
Inventory09.27M3.36M4.36M46K0
Days Inventory Outstanding-216.799.467.80.31-
Other Current Assets6.41M3.71M698K8.71M18.99M18.73M
Total Non-Current Assets+185.39M248.61M347.94M1.09B663.59M774.71M
Property, Plant & Equipment63.13M121.44M145.77M718.79M394.99M598.15M
Fixed Asset Turnover0.86x0.63x2.15x0.66x0.64x0.38x
Goodwill1.86M1.86M21.31M60.21M49.24M0
Intangible Assets3.84M3.29M21.64M111.04M82.74M72.51M
Long-Term Investments107.25M103.12M115.23M111.79M77.91M48.7M
Other Non-Current Assets9.31M18.9M43.99M87.41M58.71M55.34M
Total Assets+697.32M675.15M2.07B2.54B1.67B1.38B
Asset Turnover0.08x0.11x0.15x0.19x0.15x0.16x
Asset Growth %--0.03%2.07%0.23%-0.34%-0.17%
Total Current Liabilities+40.07M73.22M134.76M172.96M163.86M107.27M
Accounts Payable2.44M13.89M8.19M10.45M9.32M14.17M
Days Payables Outstanding-324.8323.0518.6863.01134.16
Short-Term Debt000000
Deferred Revenue (Current)001000K1000K1000K1000K
Other Current Liabilities23.44M41.12M40.31M52.51M54.38M26.62M
Current Ratio12.77x5.83x12.79x8.38x6.11x5.62x
Quick Ratio12.77x5.70x12.76x8.36x6.11x5.62x
Cash Conversion Cycle--3.74160.7553.32-36.72-
Total Non-Current Liabilities+155.39M131.88M368.85M630.08M404.33M554.13M
Long-Term Debt000000
Capital Lease Obligations16.77M16.52M22.28M413.26M221.84M438.77M
Deferred Tax Liabilities000000
Other Non-Current Liabilities138.62M115.36M190.58M42.06M24.43M16.58M
Total Liabilities195.47M205.1M503.61M803.04M568.19M661.39M
Total Debt+17.36M17M23.03M442.59M239.31M467.73M
Net Debt-477.92M-363.8M-1.53B-873.2M-704.76M-93.84M
Debt / Equity0.03x0.04x0.01x0.25x0.22x0.65x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-29.57x-57.45x-770.53x-20839.17x-9294.69x-5954.86x
Total Equity+501.85M470.05M1.57B1.74B1.1B716.06M
Equity Growth %--0.06%2.33%0.11%-0.37%-0.35%
Book Value per Share17.4714.7546.0941.3422.5713.80
Total Shareholders' Equity493.06M461.38M1.51B1.74B1.1B716.06M
Common Stock79K129K161K190K5K5K
Retained Earnings-341.27M-467.88M-2.3B-4.4B-5.29B-5.84B
Treasury Stock000000
Accumulated OCI00-1.72M-2.63M1.48M-1.81M
Minority Interest8.79M8.68M62.01M000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-44.66M-135.83M-253.82M-252.2M-295.5M-319.58M
Operating CF Margin %-0.82%-1.77%-0.81%-0.53%-1.18%-1.41%
Operating CF Growth %--2.04%-0.87%0.01%-0.17%-0.08%
Net Income-119.86M-126.72M-1.84B-2.11B-892.87M-547.03M
Depreciation & Amortization10.76M13.86M29.08M42.55M71.55M63.02M
Stock-Based Compensation771K476K1.61B1.93B229.88M112.34M
Deferred Taxes54.73M030.21M-14.61M-801K-936K
Other Non-Cash Items-1.64M3.07M-20.95M-67.4M266.89M142.69M
Working Capital Changes10.58M-26.52M-61.54M-37.01M29.84M-89.67M
Change in Receivables-1.84M-14.23M-114.09M55.02M50.07M-4.72M
Change in Inventory-2.22M-2.74M-626K164K00
Change in Payables664K7.02M-2.25M-10.84M-1.18M4.77M
Cash from Investing+-74.6M-67.12M-73.26M-67.39M-80.69M-62.24M
Capital Expenditures-22.22M-57.82M-56.52M-52.27M-40.8M-62.54M
CapEx % of Revenue0.41%0.75%0.18%0.11%0.16%0.28%
Acquisitions------
Investments------
Other Investing-2.25M-9.3M304K-38.08M-1.34M1.19M
Cash from Financing+410.38M90.32M1.53B95.34M-3.22M-1.74M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing7K26K1.56B-2.73M-1.43M-922K
Net Change in Cash------
Free Cash Flow+-66.88M-193.65M-310.34M-304.47M-336.3M-382.13M
FCF Margin %-1.23%-2.53%-0.99%-0.64%-1.34%-1.68%
FCF Growth %--1.9%-0.6%0.02%-0.1%-0.14%
FCF per Share-2.33-6.08-9.13-7.25-6.92-7.36
FCF Conversion (FCF/Net Income)0.37x1.07x0.14x0.12x0.33x0.58x
Interest Paid2.35M2.57M2.37M92K83K32K
Taxes Paid31K061K0670K894K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-23.78%-26.05%-179.64%-127.43%-63.02%-60.34%
Return on Invested Capital (ROIC)-224.39%-157.88%-1870.12%-366.74%-103.28%-82.75%
Gross Margin100%79.64%58.68%57.25%78.52%83.02%
Net Margin-220.23%-165.16%-583.12%-440.63%-355.08%-240.94%
Debt / Equity0.03x0.04x0.01x0.25x0.22x0.65x
Interest Coverage-29.57x-57.45x-770.53x-20839.17x-9294.69x-5954.86x
FCF Conversion0.37x1.07x0.14x0.12x0.33x0.58x
Revenue Growth-41.48%309.4%52.21%-47.36%-9.71%

Revenue by Segment

2021202220232024
Service177.81M298.58M78.97M53.07M
Service Growth-67.93%-73.55%-32.80%
Product23.04M35.45M28.95M-
Product Growth-53.88%-18.35%-
Foundry Revenue112.99M143.67M--
Foundry Revenue Growth-27.15%--

Frequently Asked Questions

Growth & Financials

Ginkgo Bioworks Holdings, Inc. (DNA) reported $180.6M in revenue for fiscal year 2024. This represents a 233% increase from $54.2M in 2019.

Ginkgo Bioworks Holdings, Inc. (DNA) saw revenue decline by 9.7% over the past year.

Ginkgo Bioworks Holdings, Inc. (DNA) reported a net loss of $339.5M for fiscal year 2024.

Dividend & Returns

Ginkgo Bioworks Holdings, Inc. (DNA) has a return on equity (ROE) of -60.3%. Negative ROE indicates the company is unprofitable.

Ginkgo Bioworks Holdings, Inc. (DNA) had negative free cash flow of $187.2M in fiscal year 2024, likely due to heavy capital investments.

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