iSpecimen Inc. (ISPC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
iSpecimen Inc. (ISPC) stock price & volume — 10-year historical chart
iSpecimen Inc. (ISPC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
iSpecimen Inc. (ISPC) competitors in Lab Consumables and Sample Preparation — business model, growth, and fundamentals comparison
iSpecimen Inc. (ISPC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
iSpecimen Inc. (ISPC) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 4.39M | 4.3M | 8.18M | 11.14M | 10.4M | 9.93M | 9.29M | 1.93M |
| Revenue Growth % | - | -2.2% | 90.4% | 36.06% | -6.58% | -4.56% | -6.42% | -79.24% |
| Cost of Goods Sold | 2.36M | 2.13M | 3.59M | 5.25M | 4.76M | 4.82M | 5.3M | 1.9M |
| COGS % of Revenue | 53.76% | 49.5% | 43.81% | 47.14% | 45.73% | 48.55% | 57.07% | 98.75% |
| Gross Profit | 2.03M▲ 0% | 2.17M▲ 6.8% | 4.6M▲ 111.9% | 5.89M▲ 28.0% | 5.65M▼ 4.1% | 5.11M▼ 9.5% | 3.99M▼ 21.9% | 24.11K▼ 99.4% |
| Gross Margin % | 46.24% | 50.5% | 56.19% | 52.86% | 54.27% | 51.45% | 42.93% | 1.25% |
| Gross Profit Growth % | - | 6.8% | 111.87% | 28% | -4.09% | -9.52% | -21.92% | -99.4% |
| Operating Expenses | 5.39M | 6.05M | 7.01M | 11.81M | 15.83M | 16.28M | 16.72M | 9M |
| OpEx % of Revenue | 122.61% | 140.76% | 85.59% | 106.07% | 152.19% | 163.95% | 179.92% | 466.67% |
| Selling, General & Admin | 3.51M | 4.26M | 5.04M | 9.4M | 12.37M | 11.68M | 12.65M | 5.77M |
| SG&A % of Revenue | 79.76% | 99.21% | 61.61% | 84.41% | 118.95% | 117.64% | 136.13% | 299% |
| Research & Development | 1.21M | 993.33K | 1.47M | 1.84M | 2.66M | 3.57M | 3.53M | 0 |
| R&D % of Revenue | 27.53% | 23.11% | 17.9% | 16.5% | 25.54% | 35.93% | 38% | - |
| Other Operating Expenses | 41.73K | 792.78K | 497.18K | 573.91K | 801.13K | 1.03M | 537.89K | 3.23M |
| Operating Income | -3.36M▲ 0% | -3.88M▼ 15.6% | -2.41M▲ 38.0% | -5.93M▼ 146.2% | -10.19M▼ 71.9% | -11.17M▼ 9.7% | -12.73M▼ 14.0% | -8.98M▲ 29.5% |
| Operating Margin % | -76.37% | -90.27% | -29.4% | -53.21% | -97.92% | -112.5% | -136.99% | -465.42% |
| Operating Income Growth % | - | -15.61% | 37.98% | -146.23% | -71.91% | -9.65% | -13.96% | 29.46% |
| EBITDA | -2.89M | -3.25M | -1.59M | -4.92M | -8.98M | -9.1M | -12.78M | -7.25M |
| EBITDA Margin % | -65.69% | -75.5% | -19.39% | -44.2% | -86.34% | -91.7% | -137.6% | -375.69% |
| EBITDA Growth % | - | -12.4% | 51.11% | -210.16% | -82.49% | -1.37% | -40.43% | 43.31% |
| D&A (Non-Cash Add-back) | 469.17K | 634.97K | 819.69K | 1M | 1.21M | 2.07M | -56.47K | 1.73M |
| EBIT | -4.26M | -3.16M | -2.56M | -6.86M | -10.01M | -10.87M | -12.67M | -10.48M |
| Net Interest Income | -1.21M | -1.72M | -2.1M | -2.09M | -69.62K | 108.97K | -175.94K | 1.8K |
| Interest Income | 1.5K | 630 | 437 | 11.4K | 169.34K | 339.75K | 44.13K | 3.75K |
| Interest Expense | 1.21M | 1.72M | 2.1M | 2.1M | 238.96K | 230.78K | 220.07K | 1.95K |
| Other Income/Expense | -2.12M | -1M | -2.25M | -3.04M | -59.84K | 69.86K | 230.24K | -1.51M |
| Pretax Income | -5.47M▲ 0% | -4.88M▲ 10.8% | -4.65M▲ 4.7% | -8.96M▼ 92.6% | -10.25M▼ 14.3% | -11.1M▼ 8.3% | -12.5M▼ 12.6% | -10.49M▲ 16.1% |
| Pretax Margin % | -124.56% | -113.63% | -56.84% | -80.48% | -98.5% | -111.8% | -134.51% | -543.68% |
| Income Tax | -127K | -157K | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 2.32% | 3.21% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -5.35M▲ 0% | -4.73M▲ 11.6% | -4.65M▲ 1.6% | -8.96M▼ 92.6% | -10.25M▼ 14.3% | -11.1M▼ 8.3% | -12.5M▼ 12.6% | -10.49M▲ 16.1% |
| Net Margin % | -121.67% | -109.97% | -56.84% | -80.48% | -98.5% | -111.8% | -134.51% | -543.68% |
| Net Income Growth % | - | 11.6% | 1.59% | -92.64% | -14.33% | -8.33% | -12.6% | 16.09% |
| Net Income (Continuing) | -5.35M | -4.73M | -4.65M | -8.96M | -10.25M | -11.1M | -12.5M | -10.49M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -4564.40▲ 0% | -4039.60▲ 11.5% | -5775.20▼ 43.0% | -980.40▲ 83.0% | -817.60▲ 16.6% | -982.00▼ 20.1% | -703.20▲ 28.4% | -91.20▲ 87.0% |
| EPS Growth % | - | 11.5% | -42.96% | 83.02% | 16.61% | -20.11% | 28.39% | 87.03% |
| EPS (Basic) | -4564.40 | -4039.60 | -5775.20 | -980.40 | -818.80 | -49.20 | -703.20 | -91.20 |
| Diluted Shares Outstanding | 1.17K | 1.17K | 1.17K | 10.22K | 11.05K | 11.3K | 17.77K | 115.06K |
| Basic Shares Outstanding | 1.17K | 1.17K | 1.17K | 10.22K | 11.04K | 11.3K | 17.77K | 115.06K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
iSpecimen Inc. (ISPC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.3M | 1.58M | 3.47M | 32.95M | 19.68M | 8.24M | 3.59M | 6.95M |
| Cash & Short-Term Investments | 1.13M | 53.89K | 695.91K | 27.74M | 15.31M | 5.01M | 1.88M | 6.88M |
| Cash Only | 1.13M | 53.89K | 695.91K | 27.74M | 15.31M | 2.34M | 1.88M | 6.88M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 2.66M | 0 | 0 |
| Accounts Receivable | 1.03M | 1.39M | 2.36M | 4.88M | 3.93M | 2.94M | 1.44M | 48.3K |
| Days Sales Outstanding | 85.2 | 118.26 | 105.19 | 160.04 | 137.75 | 108.12 | 56.75 | 9.14 |
| Inventory | 47.29K | 54.91K | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 7.31 | 9.42 | - | - | - | - | - | - |
| Other Current Assets | 0 | 79.23K | 0 | 0 | 140.87K | 292.08K | 264.89K | 25.46K |
| Total Non-Current Assets | 1.74M | 2.63M | 2.74M | 2.77M | 4.94M | 7.58M | 5.76M | 2.58M |
| Property, Plant & Equipment | 149.1K | 119.92K | 75.59K | 32.78K | 410.54K | 321.64K | 421.54K | 294.7K |
| Fixed Asset Turnover | 29.48x | 35.84x | 108.27x | 339.69x | 25.34x | 30.87x | 22.04x | 6.55x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.44M | 2.31M | 2.63M | 2.71M | 4.5M | 7.23M | 5.33M | 1M |
| Long-Term Investments | 127K | 179.52K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 154.6K | 207.12K | 27.6K | 27.6K | 27.6K | 27.6K | 12.1K | 1.28M |
| Total Assets | 4.04M▲ 0% | 4.21M▲ 4.2% | 6.21M▲ 47.3% | 35.72M▲ 475.2% | 24.62M▼ 31.1% | 15.82M▼ 35.7% | 9.35M▼ 40.9% | 9.53M▲ 1.9% |
| Asset Turnover | 1.09x | 1.02x | 1.32x | 0.31x | 0.42x | 0.63x | 0.99x | 0.20x |
| Asset Growth % | - | 4.2% | 47.34% | 475.22% | -31.08% | -35.74% | -40.89% | 1.94% |
| Total Current Liabilities | 11.3M | 15.76M | 22.14M | 2.51M | 4.28M | 6.05M | 5.77M | 6.23M |
| Accounts Payable | 696.91K | 737.79K | 1.79M | 832.68K | 2.46M | 3.93M | 4.2M | 5.36M |
| Days Payables Outstanding | 107.67 | 126.55 | 182.47 | 57.9 | 188.68 | 297.24 | 288.93 | 1.03K |
| Short-Term Debt | 6.97M | 10.59M | 12.59M | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 864.91K | 2.22M | 873.25K | 654.75K | 0 | 415.77K | 360.71K | 192.53K |
| Other Current Liabilities | 2.77M | 2.21M | 2.37M | 0 | 132.34K | 0 | 0 | 0 |
| Current Ratio | 0.20x | 0.10x | 0.16x | 13.15x | 4.60x | 1.36x | 0.62x | 1.12x |
| Quick Ratio | 0.20x | 0.10x | 0.16x | 13.15x | 4.60x | 1.36x | 0.62x | 1.12x |
| Cash Conversion Cycle | -15.17 | 1.12 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 11.17M | 11.17M | 11.35M | 3.42M | 27.4K | 29.13K | 268.8K | 211.87K |
| Long-Term Debt | 0 | 0 | 178.9K | 3.42M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 27.4K | 29.13K | 268.8K | 211.87K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 11.17M | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 22.47M | 26.93M | 33.49M | 5.93M | 4.31M | 6.08M | 6.04M | 6.44M |
| Total Debt | 6.97M | 10.59M | 12.77M | 3.42M | 185.85K | 196.24K | 312.17K | 268.8K |
| Net Debt | 5.84M | 10.54M | 12.07M | -24.32M | -15.12M | -2.15M | -1.57M | -6.61M |
| Debt / Equity | - | - | - | 0.11x | 0.01x | 0.02x | 0.09x | 0.09x |
| Debt / EBITDA | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - |
| Interest Coverage | -3.51x | -1.83x | -1.22x | -3.26x | -41.88x | -47.09x | -57.58x | -5375.89x |
| Total Equity | -18.42M▲ 0% | -22.72M▼ 23.3% | -27.28M▼ 20.1% | 29.79M▲ 209.2% | 20.31M▼ 31.8% | 9.74M▼ 52.0% | 3.31M▼ 66.0% | 3.09M▼ 6.7% |
| Equity Growth % | - | -23.31% | -20.07% | 209.21% | -31.83% | -52.04% | -66.01% | -6.73% |
| Book Value per Share | -15733.35 | -19417.73 | -23314.50 | 2916.17 | 1837.10 | 861.89 | 186.32 | 26.84 |
| Total Shareholders' Equity | -18.42M | -22.72M | -27.28M | 29.79M | 20.31M | 9.74M | 3.31M | 3.09M |
| Common Stock | 537 | 537 | 94 | 873 | 892 | 908 | 170 | 848 |
| Retained Earnings | -19.75M | -24.41M | -29.06M | -38.02M | -48.27M | -59.36M | -71.86M | -82.35M |
| Treasury Stock | -172 | -172 | -172 | -172 | -172 | -172 | -172 | -172 |
| Accumulated OCI | -159.83K | 0 | 0 | 0 | 0 | 840 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
iSpecimen Inc. (ISPC) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -2.68M | -2.68M | -288.38K | -10.67M | -5.82M | -5.81M | -8.26M | -4.24M |
| Operating CF Margin % | -61.02% | -62.35% | -3.52% | -95.81% | -55.93% | -58.5% | -88.94% | -219.83% |
| Operating CF Growth % | - | 0.07% | 89.24% | -3599.43% | 45.47% | 0.17% | -42.29% | 48.68% |
| Net Income | -5.35M | -4.73M | -4.65M | -8.96M | -10.25M | -11.1M | -12.5M | -10.49M |
| Depreciation & Amortization | 469.17K | 634.97K | 819.69K | 1M | 1.21M | 2.12M | 2.29M | 1.66M |
| Stock-Based Compensation | 113.92K | 360.38K | 92.87K | 622.06K | 678.61K | 459.67K | 249.68K | 21.27K |
| Deferred Taxes | 946K | -551K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 767.72K | 551.99K | 410.53K | 1.95M | 190.22K | 127.75K | 2.19M | 2.45M |
| Working Capital Changes | 368.49K | 1.05M | 3.04M | -5.28M | 2.35M | 2.59M | -502.67K | 2.11M |
| Change in Receivables | -393.19K | 192.25K | -894.47K | -2.68M | 709.18K | 820.61K | -397.4K | 1.34M |
| Change in Inventory | -12.66K | -7.62K | 0 | 0 | 0 | 0 | 0 | 45.11K |
| Change in Payables | 584.05K | 40.88K | 1.05M | -959.75K | 1.63M | 1.47M | 272.12K | 1.24M |
| Cash from Investing | -1.03M | -1.48M | -1.1M | -1.04M | -3.19M | -7.23M | 1.98M | -1M |
| Capital Expenditures | -1.03M | -1.48M | -426 | -2.55K | -215.5K | -19.48K | -31.55K | -454 |
| CapEx % of Revenue | 23.34% | 34.32% | 0.01% | 0.02% | 2.07% | 0.2% | 0.34% | 0.02% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | -969.68K | -1.45M | -1.1M | -1.04M | -2.98M | -4.73M | -678.29K | -5M |
| Cash from Financing | 3.52M | 3.08M | 2.03M | 38.75M | -3.42M | 70.89K | 5.82M | 10.24M |
| Debt Issued (Net) | 2.17M | 3.08M | 2.03M | 1M | -3.5M | 0 | 0 | 0 |
| Equity Issued (Net) | -41 | 0 | 0 | 41.5M | 0 | 0 | 1.89M | 10.24M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -41 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 1.34M | 3.67K | 0 | -3.75M | 78.64K | 70.89K | 3.93M | 0 |
| Net Change in Cash | -192.08K▲ 0% | -1.08M▼ 460.4% | 642.02K▲ 159.6% | 27.04M▲ 4112.2% | -12.43M▼ 146.0% | -12.97M▼ 4.3% | -465.26K▲ 96.4% | 5M▲ 1175.2% |
| Free Cash Flow | -3.71M▲ 0% | -4.16M▼ 12.1% | -1.39M▲ 66.5% | -11.71M▼ 741.6% | -9.01M▲ 23.0% | -10.55M▼ 17.1% | -8.3M▲ 21.4% | -4.24M▲ 48.9% |
| FCF Margin % | -84.36% | -96.67% | -17% | -105.13% | -86.61% | -106.28% | -89.28% | -219.86% |
| FCF Growth % | - | -12.08% | 66.52% | -741.58% | 23.04% | -17.13% | 21.39% | 48.87% |
| FCF per Share | -3166.00 | -3551.41 | -1188.88 | -1145.88 | -814.92 | -933.65 | -466.79 | -36.86 |
| FCF Conversion (FCF/Net Income) | 0.50x | 0.57x | 0.06x | 1.19x | 0.57x | 0.52x | 0.66x | 0.40x |
| Interest Paid | 0 | 0 | 0 | 2.82M | 161.58K | 16K | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
iSpecimen Inc. (ISPC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | - | -713.06% | -40.9% | -73.87% | -191.51% | -327.77% |
| Return on Invested Capital (ROIC) | - | - | - | - | -143.31% | -131.1% | -204.45% | - |
| Gross Margin | 46.24% | 50.5% | 56.19% | 52.86% | 54.27% | 51.45% | 42.93% | 1.25% |
| Net Margin | -121.67% | -109.97% | -56.84% | -80.48% | -98.5% | -111.8% | -134.51% | -543.68% |
| Debt / Equity | - | - | - | 0.11x | 0.01x | 0.02x | 0.09x | 0.09x |
| Interest Coverage | -3.51x | -1.83x | -1.22x | -3.26x | -41.88x | -47.09x | -57.58x | -5375.89x |
| FCF Conversion | 0.50x | 0.57x | 0.06x | 1.19x | 0.57x | 0.52x | 0.66x | 0.40x |
| Revenue Growth | - | -2.2% | 90.4% | 36.06% | -6.58% | -4.56% | -6.42% | -79.24% |
iSpecimen Inc. (ISPC) stock FAQ — growth, dividends, profitability & financials explained
iSpecimen Inc. (ISPC) reported $1.9M in revenue for fiscal year 2025. This represents a 56% decrease from $4.4M in 2018.
iSpecimen Inc. (ISPC) saw revenue decline by 79.2% over the past year.
iSpecimen Inc. (ISPC) reported a net loss of $10.5M for fiscal year 2025.
iSpecimen Inc. (ISPC) has a return on equity (ROE) of -327.8%. Negative ROE indicates the company is unprofitable.
iSpecimen Inc. (ISPC) had negative free cash flow of $4.2M in fiscal year 2025, likely due to heavy capital investments.
iSpecimen Inc. (ISPC) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates