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iSpecimen Inc. (ISPC) 10-Year Financial Performance & Capital Metrics

ISPC • • Industrial / General
HealthcareDiagnostics & ResearchContract Research & Clinical Trial ServicesResearch Support Services
AboutiSpecimen Inc. provides technology that connects life science researchers who need human biofluids, tissues, and living cells for their research with biospecimens available in healthcare provider organizations worldwide. Its cloud-based technology enables scientists to search for specimens and patients across a network of hospitals, labs, biobanks, blood centers, and other healthcare organizations. The company develops and operates iSpecimen Marketplace, a proprietary online marketplace platform that connects medical researchers who need access to subjects, samples, and data with hospitals, laboratories, and other organizations who have access to them. It serves biopharmaceutical companies, in vitro diagnostic companies, and government/academic institutions. The company was incorporated in 2009 and is headquartered in Lexington, Massachusetts.Show more
  • Revenue $9M -6.4%
  • EBITDA -$13M -40.4%
  • Net Income -$12M -12.6%
  • EPS (Diluted) -17.58 +28.4%
  • Gross Margin 42.93% -16.6%
  • EBITDA Margin -137.6% -50.1%
  • Operating Margin -136.99% -21.8%
  • Net Margin -134.51% -20.3%
  • ROE -191.51% -159.2%
  • ROIC -204.45% -56.0%
  • Debt/Equity 0.09 +368.0%
  • Interest Coverage -57.84 -19.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y sales CAGR of 16.7%
  • ✓Trading at only 0.1x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 2 (bottom 2%)
  • ✗Shares diluted 57.2% in last year
  • ✗Trading more than 30% below 52-week high

* 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-
5Y16.67%
3Y-5.86%
TTM-67.73%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-21.1%

EPS CAGR

10Y-
5Y-
3Y-
TTM38.05%

ROCE

10Y Avg-92.87%
5Y Avg-92.87%
3Y Avg-100.97%
Latest-190.68%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CRLCharles River Laboratories International, Inc.11B223.471117.35-1.92%-2.07%-2.42%4.56%0.78
SHCSotera Health Company5.5B19.35120.944.88%4.82%10.07%0.82%5.81
ISPCiSpecimen Inc.4.22M0.42-0.02-6.42%-343.99%-375.34%0.09
NOTVInotiv, Inc.19.59M0.57-0.274.54%-13.38%-50.45%3.01
ACRSAclaris Therapeutics, Inc.289.28M2.67-1.56-40.09%-9%-117.97%

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+4.39M4.3M8.18M11.14M10.4M9.93M9.29M
Revenue Growth %--0.02%0.9%0.36%-0.07%-0.05%-0.06%
Cost of Goods Sold+2.36M2.13M3.59M5.25M4.76M4.82M5.3M
COGS % of Revenue0.54%0.5%0.44%0.47%0.46%0.49%0.57%
Gross Profit+2.03M2.17M4.6M5.89M5.65M5.11M3.99M
Gross Margin %0.46%0.5%0.56%0.53%0.54%0.51%0.43%
Gross Profit Growth %-0.07%1.12%0.28%-0.04%-0.1%-0.22%
Operating Expenses+5.39M6.05M7.01M11.81M15.83M16.28M16.72M
OpEx % of Revenue1.23%1.41%0.86%1.06%1.52%1.64%1.8%
Selling, General & Admin3.51M4.26M5.04M9.4M12.37M11.68M12.65M
SG&A % of Revenue0.8%0.99%0.62%0.84%1.19%1.18%1.36%
Research & Development1.21M993.33K1.47M1.84M2.66M3.57M3.53M
R&D % of Revenue0.28%0.23%0.18%0.17%0.26%0.36%0.38%
Other Operating Expenses41.73K792.78K497.18K573.91K801.13K1.03M537.89K
Operating Income+-3.36M-3.88M-2.41M-5.93M-10.19M-11.17M-12.73M
Operating Margin %-0.76%-0.9%-0.29%-0.53%-0.98%-1.13%-1.37%
Operating Income Growth %--0.16%0.38%-1.46%-0.72%-0.1%-0.14%
EBITDA+-2.89M-3.25M-1.59M-4.92M-8.98M-9.1M-12.78M
EBITDA Margin %-0.66%-0.75%-0.19%-0.44%-0.86%-0.92%-1.38%
EBITDA Growth %--0.12%0.51%-2.1%-0.82%-0.01%-0.4%
D&A (Non-Cash Add-back)469.17K634.97K819.69K1M1.21M2.07M-56.47K
EBIT-4.26M-3.16M-2.56M-6.86M-10.01M-10.87M-12.67M
Net Interest Income+-1.21M-1.72M-2.1M-2.09M-69.62K108.97K-175.94K
Interest Income1.5K63043711.4K169.34K339.75K44.13K
Interest Expense1.21M1.72M2.1M2.1M238.96K230.78K220.07K
Other Income/Expense-2.12M-1M-2.25M-3.04M-59.84K69.86K230.24K
Pretax Income+-5.47M-4.88M-4.65M-8.96M-10.25M-11.1M-12.5M
Pretax Margin %-1.25%-1.14%-0.57%-0.8%-0.98%-1.12%-1.35%
Income Tax+-127K-157K00000
Effective Tax Rate %0.98%0.97%1%1%1%1%1%
Net Income+-5.35M-4.73M-4.65M-8.96M-10.25M-11.1M-12.5M
Net Margin %-1.22%-1.1%-0.57%-0.8%-0.98%-1.12%-1.35%
Net Income Growth %-0.12%0.02%-0.93%-0.14%-0.08%-0.13%
Net Income (Continuing)-5.35M-4.73M-4.65M-8.96M-10.25M-11.1M-12.5M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-114.11-100.99-144.38-24.51-20.44-24.55-17.58
EPS Growth %-0.11%-0.43%0.83%0.17%-0.2%0.28%
EPS (Basic)-114.11-100.99-144.38-24.51-20.47-1.23-17.58
Diluted Shares Outstanding46.86K46.8K46.81K408.62K442.21K452.07K710.85K
Basic Shares Outstanding46.86K46.8K46.81K408.62K441.63K452.07K710.85K
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+2.3M1.58M3.47M32.95M19.68M8.24M3.59M
Cash & Short-Term Investments1.13M53.89K695.91K27.74M15.31M5.01M1.88M
Cash Only1.13M53.89K695.91K27.74M15.31M2.34M1.88M
Short-Term Investments000002.66M0
Accounts Receivable1.03M1.39M2.36M4.88M3.93M2.94M1.44M
Days Sales Outstanding85.2118.26105.19160.04137.75108.1256.75
Inventory47.29K54.91K00000
Days Inventory Outstanding7.319.42-----
Other Current Assets079.23K00140.87K292.08K264.89K
Total Non-Current Assets+1.74M2.63M2.74M2.77M4.94M7.58M5.76M
Property, Plant & Equipment149.1K119.92K75.59K32.78K410.54K321.64K421.54K
Fixed Asset Turnover29.48x35.84x108.27x339.69x25.34x30.87x22.04x
Goodwill0000000
Intangible Assets1.44M2.31M2.63M2.71M4.5M7.23M5.33M
Long-Term Investments127K179.52K00000
Other Non-Current Assets154.6K207.12K27.6K27.6K27.6K27.6K12.1K
Total Assets+4.04M4.21M6.21M35.72M24.62M15.82M9.35M
Asset Turnover1.09x1.02x1.32x0.31x0.42x0.63x0.99x
Asset Growth %-0.04%0.47%4.75%-0.31%-0.36%-0.41%
Total Current Liabilities+11.3M15.76M22.14M2.51M4.28M6.05M5.77M
Accounts Payable696.91K737.79K1.79M832.68K2.46M3.93M4.2M
Days Payables Outstanding107.67126.55182.4757.9188.68297.24288.93
Short-Term Debt6.97M10.59M12.59M0000
Deferred Revenue (Current)864.91K1000K873.25K654.75K0415.77K360.71K
Other Current Liabilities2.77M2.21M2.37M0132.34K00
Current Ratio0.20x0.10x0.16x13.15x4.60x1.36x0.62x
Quick Ratio0.20x0.10x0.16x13.15x4.60x1.36x0.62x
Cash Conversion Cycle-15.171.12-----
Total Non-Current Liabilities+11.17M11.17M11.35M3.42M27.4K29.13K268.8K
Long-Term Debt00178.9K3.42M000
Capital Lease Obligations000027.4K29.13K268.8K
Deferred Tax Liabilities0000000
Other Non-Current Liabilities0011.17M0000
Total Liabilities22.47M26.93M33.49M5.93M4.31M6.08M6.04M
Total Debt+6.97M10.59M12.77M3.42M185.85K196.24K312.17K
Net Debt5.84M10.54M12.07M-24.32M-15.12M-2.15M-1.57M
Debt / Equity---0.11x0.01x0.02x0.09x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage-2.76x-2.25x-1.15x-2.82x-42.63x-48.40x-57.84x
Total Equity+-18.42M-22.72M-27.28M29.79M20.31M9.74M3.31M
Equity Growth %--0.23%-0.2%2.09%-0.32%-0.52%-0.66%
Book Value per Share-393.19-485.39-582.7372.9145.9321.554.66
Total Shareholders' Equity-18.42M-22.72M-27.28M29.79M20.31M9.74M3.31M
Common Stock53753794873892908170
Retained Earnings-19.75M-24.41M-29.06M-38.02M-48.27M-59.36M-71.86M
Treasury Stock-172-172-172-172-172-172-172
Accumulated OCI-159.83K00008400
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-2.68M-2.68M-288.38K-10.67M-5.82M-5.81M-8.26M
Operating CF Margin %-0.61%-0.62%-0.04%-0.96%-0.56%-0.58%-0.89%
Operating CF Growth %-0%0.89%-35.99%0.45%0%-0.42%
Net Income-5.35M-4.73M-4.65M-8.96M-10.25M-11.1M-12.5M
Depreciation & Amortization469.17K634.97K819.69K1M1.21M2.12M2.29M
Stock-Based Compensation113.92K360.38K92.87K622.06K678.61K459.67K249.68K
Deferred Taxes946K-551K00000
Other Non-Cash Items767.72K551.99K410.53K1.95M190.22K127.75K2.19M
Working Capital Changes368.49K1.05M3.04M-5.28M2.35M2.59M-502.67K
Change in Receivables-393.19K192.25K-894.47K-2.68M709.18K820.61K-397.4K
Change in Inventory-12.66K-7.62K00000
Change in Payables584.05K40.88K1.05M-959.75K1.63M1.47M272.12K
Cash from Investing+-1.03M-1.48M-1.1M-1.04M-3.19M-7.23M1.98M
Capital Expenditures-1.03M-1.48M-426-2.55K-215.5K-19.48K-31.55K
CapEx % of Revenue0.23%0.34%0%0%0.02%0%0%
Acquisitions-------
Investments-------
Other Investing-969.68K-1.45M-1.1M-1.04M-2.98M-4.73M-678.29K
Cash from Financing+3.52M3.08M2.03M38.75M-3.42M70.89K5.82M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing1.34M3.67K0-3.75M78.64K70.89K3.93M
Net Change in Cash-------
Free Cash Flow+-3.71M-4.16M-1.39M-11.71M-9.01M-10.55M-8.3M
FCF Margin %-0.84%-0.97%-0.17%-1.05%-0.87%-1.06%-0.89%
FCF Growth %--0.12%0.67%-7.42%0.23%-0.17%0.21%
FCF per Share-79.12-88.78-29.72-28.65-20.37-23.34-11.67
FCF Conversion (FCF/Net Income)0.50x0.57x0.06x1.19x0.57x0.52x0.66x
Interest Paid0002.82M161.58K16K0
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)----713.06%-40.9%-73.87%-191.51%
Return on Invested Capital (ROIC)-----143.31%-131.1%-204.45%
Gross Margin46.24%50.5%56.19%52.86%54.27%51.45%42.93%
Net Margin-121.67%-109.97%-56.84%-80.48%-98.5%-111.8%-134.51%
Debt / Equity---0.11x0.01x0.02x0.09x
Interest Coverage-2.76x-2.25x-1.15x-2.82x-42.63x-48.40x-57.84x
FCF Conversion0.50x0.57x0.06x1.19x0.57x0.52x0.66x
Revenue Growth--2.2%90.4%36.06%-6.58%-4.56%-6.42%

Revenue by Segment

2021202220232024
Product---9.1M
Product Growth----
Shipping and Handling---186.16K
Shipping and Handling Growth----
Specimens10.94M9.96M9.36M-
Specimens Growth--9.02%-5.97%-
Shipping and other191.05K445.72K566.46K-
Shipping and other Growth-133.30%27.09%-

Frequently Asked Questions

Growth & Financials

iSpecimen Inc. (ISPC) reported $3.4M in revenue for fiscal year 2024. This represents a 24% decrease from $4.4M in 2018.

iSpecimen Inc. (ISPC) saw revenue decline by 6.4% over the past year.

iSpecimen Inc. (ISPC) reported a net loss of $11.5M for fiscal year 2024.

Dividend & Returns

iSpecimen Inc. (ISPC) has a return on equity (ROE) of -191.5%. Negative ROE indicates the company is unprofitable.

iSpecimen Inc. (ISPC) had negative free cash flow of $6.8M in fiscal year 2024, likely due to heavy capital investments.

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