Pacific Biosciences of California, Inc. (PACB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 37.18M | 44.65M | 38.44M | 39.77M | 37.15M | 39.22M | 39.97M | 36.01M | 38.81M | 58.36M | 55.69M | 47.57M | 38.9M | 27.35M | 32.31M | 35.47M | 33.17M | 36.02M | 34.89M | 30.61M |
| Revenue Growth % | 0.07% | 13.82% | -3.82% | 10.42% | -4.27% | -32.79% | -28.23% | -24.3% | -0.23% | 113.35% | 72.36% | 34.13% | 17.26% | -24.06% | -7.38% | 15.87% | 14.4% | 32.74% | 82.83% | 79.25% |
| Cost of Goods Sold | 24.34M | 27.9M | 23.37M | 25.08M | 38.52M | 29.17M | 29.96M | 30.07M | 27.53M | 48.79M | 37.79M | 32.03M | 29.14M | 22.21M | 18.76M | 19.27M | 19.02M | 19.25M | 19.52M | 16.86M |
| COGS % of Revenue | 65.46% | 62.48% | 60.8% | 63.07% | 103.69% | 74.36% | 74.97% | 83.51% | 70.93% | 83.6% | 67.85% | 67.32% | 74.91% | 81.21% | 58.07% | 54.34% | 57.33% | 53.45% | 55.96% | 55.07% |
| Gross Profit | 12.84M | 16.75M | 15.07M | 14.68M | -1.37M | 10.06M | 10M | 5.94M | 11.28M | 9.57M | 17.9M | 15.55M | 9.76M | 5.14M | 13.55M | 16.19M | 14.15M | 16.77M | 15.36M | 13.75M |
| Gross Margin % | 34.54% | 37.52% | 39.2% | 36.93% | -3.69% | 25.64% | 25.03% | 16.49% | 29.07% | 16.4% | 32.15% | 32.68% | 25.09% | 18.79% | 41.93% | 45.66% | 42.67% | 46.55% | 44.04% | 44.93% |
| Gross Profit Growth % | 1036.62% | 66.52% | 50.62% | 147.29% | -112.15% | 5.09% | -44.12% | -61.8% | 15.58% | 86.21% | 32.15% | -4% | -31.04% | -69.34% | -11.83% | 17.74% | 9.08% | 47.06% | 117.5% | 107.97% |
| Operating Expenses | 50.76M | 57.95M | 53.88M | 59.54M | 427.56M | 163.09M | 74.08M | 181.78M | 92.64M | 97.12M | 100.39M | 88.72M | 101.01M | 92.22M | 88.17M | 84.16M | 91.68M | 81.44M | 89.84M | 51.33M |
| OpEx % of Revenue | 136.53% | 129.79% | 140.16% | 149.72% | 1150.82% | 415.78% | 185.36% | 504.77% | 238.71% | 166.42% | 180.27% | 186.49% | 259.67% | 337.16% | 272.87% | 237.3% | 276.36% | 226.11% | 257.52% | 167.68% |
| Selling, General & Admin | 31.15M | 34.05M | 31.1M | 36.17M | 40.17M | 41.15M | 43.75M | 35.72M | 42.41M | 46M | 43.43M | 40.57M | 39.82M | 45M | 36.8M | 39.25M | 39.8M | 37.32M | 31.61M | 29.06M |
| SG&A % of Revenue | 83.79% | 76.27% | 80.9% | 90.97% | 108.12% | 104.91% | 109.46% | 99.18% | 109.27% | 78.82% | 77.99% | 85.29% | 102.36% | 164.53% | 113.88% | 110.67% | 119.99% | 103.61% | 90.6% | 94.94% |
| Research & Development | 19.61M | 22.88M | 22.85M | 22.53M | 29.05M | 27.47M | 25.52M | 38.48M | 43.45M | 44.54M | 47.51M | 46.17M | 48.94M | 42.62M | 47.09M | 50.35M | 52.94M | 42.58M | 27.51M | 22.27M |
| R&D % of Revenue | 52.74% | 51.25% | 59.43% | 56.65% | 78.2% | 70.02% | 63.84% | 106.86% | 111.97% | 76.33% | 85.32% | 97.06% | 125.81% | 155.83% | 145.75% | 141.96% | 159.58% | 118.2% | 78.85% | 72.74% |
| Other Operating Expenses | 0 | 1000K | 0 | 833K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 0 |
| Operating Income | -37.92M | -41.2M | -38.81M | -44.85M | -428.93M | -153.03M | -64.08M | -175.85M | -81.36M | -87.55M | -82.49M | -73.17M | -91.25M | -87.08M | -74.62M | -67.97M | -77.52M | -64.68M | -74.48M | -37.57M |
| Operating Margin % | -102% | -92.28% | -100.96% | -112.79% | -1154.51% | -390.14% | -160.32% | -488.28% | -209.64% | -150.02% | -148.12% | -153.82% | -234.58% | -318.37% | -230.94% | -191.64% | -233.69% | -179.56% | -213.48% | -122.75% |
| Operating Income Growth % | 91.16% | 73.08% | 39.43% | 74.49% | -427.19% | -74.79% | 22.32% | -140.31% | 10.84% | -0.53% | -10.55% | -7.66% | -17.71% | -34.65% | -0.19% | -80.9% | -129.97% | -169.74% | -208.07% | -59.72% |
| EBITDA | -37.92M | -38.43M | -34.41M | -40.27M | -56.16M | -142.08M | -47.98M | -161.56M | -69.35M | -69.69M | -77.04M | -68.31M | -86.74M | -82.54M | -70.31M | -63.7M | -73.33M | -60.59M | -71.77M | -35.18M |
| EBITDA Margin % | -102% | -86.08% | -89.52% | -101.27% | -151.15% | -362.22% | -120.04% | -448.61% | -178.69% | -119.42% | -138.33% | -143.59% | -222.97% | -301.76% | -217.59% | -179.61% | -221.06% | -168.22% | -205.71% | -114.93% |
| EBITDA Growth % | 32.47% | 72.95% | 28.27% | 75.07% | 19.02% | -103.87% | 37.72% | -136.5% | 20.05% | 15.57% | -9.58% | -7.24% | -18.28% | -36.22% | 2.03% | -81.07% | -134.18% | -180.16% | -228.31% | -65.54% |
| D&A (Non-Cash Add-back) | 0 | 0 | 4.4M | 4.58M | 372.78M | 10.95M | 16.1M | 14.29M | 12.01M | 17.86M | 5.46M | 4.86M | 4.52M | 4.54M | 4.32M | 4.27M | 4.19M | 4.08M | 2.71M | 2.39M |
| EBIT | -37.92M | -38.43M | -38.81M | -40.16M | -424.64M | 5.44M | -57.19M | -169.78M | -74.6M | -79.17M | -73.99M | -66.28M | -84.39M | -80.27M | -73.31M | -67.87M | -77.95M | -64.67M | -74.76M | -37.41M |
| Net Interest Income | 1.74M | -1.74M | -1.74M | -1.74M | -1.74M | -2.76M | -3.54M | -3.54M | -3.58M | -3.57M | -3.59M | -3.55M | -3.63M | -3.65M | -3.66M | -3.68M | -3.7M | -3.48M | -3.67M | -3.59M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -1.74M | 1.74M | 1.74M | 1.74M | 1.74M | 2.76M | 3.54M | 3.54M | 3.58M | 3.57M | 3.59M | 3.55M | 3.63M | 3.65M | 3.66M | 3.68M | 3.7M | 3.48M | 3.67M | 3.59M |
| Other Income/Expense | 29.83M | 1.03M | 1.19M | 2.96M | 2.56M | 155.72M | 3.35M | 2.53M | 3.18M | 4.81M | 4.92M | 3.34M | 3.24M | 2.7M | -2.35M | -3.42M | -3.98M | -3.48M | -3.81M | -3.43M |
| Pretax Income | -8.09M | -40.17M | -37.62M | -41.9M | -426.38M | 2.69M | -60.73M | -173.32M | -78.18M | -82.74M | -77.58M | -69.83M | -88.02M | -84.38M | -76.97M | -71.39M | -81.5M | -68.15M | -78.28M | -41M |
| Pretax Margin % | -21.76% | -89.97% | -97.86% | -105.35% | -1147.62% | 6.85% | -151.94% | -481.27% | -201.44% | -141.78% | -139.3% | -146.79% | -226.26% | -308.5% | -238.22% | -201.3% | -245.68% | -189.22% | -224.39% | -133.95% |
| Income Tax | 184K | 202K | 383K | 35K | -302K | 316K | 0 | 0 | 0 | -718K | -10.71M | 0 | 0 | 0 | 0 | 0 | 0 | 1.18M | -94.82M | 0 |
| Effective Tax Rate % | -2.27% | -0.5% | -1.02% | -0.08% | 0.07% | 11.76% | 0% | 0% | 0% | 0.87% | 13.8% | 0% | 0% | 0% | 0% | 0% | 0% | -1.72% | 121.13% | 0% |
| Net Income | -8.28M | -40.37M | -38M | -41.93M | -426.07M | 2.37M | -60.73M | -173.32M | -78.18M | -82.02M | -66.87M | -69.83M | -88.02M | -84.38M | -76.97M | -71.39M | -81.5M | -69.33M | 16.54M | -41M |
| Net Margin % | -22.26% | -90.43% | -98.85% | -105.44% | -1146.81% | 6.04% | -151.94% | -481.27% | -201.44% | -140.55% | -120.07% | -146.79% | -226.26% | -308.5% | -238.22% | -201.3% | -245.68% | -192.48% | 47.42% | -133.95% |
| Net Income Growth % | 98.06% | -1802.7% | 37.42% | 75.81% | -445.01% | 102.89% | 9.19% | -148.19% | 11.18% | 2.8% | 13.12% | 2.19% | -8% | -21.72% | -565.31% | -74.13% | 6.79% | -192.52% | 169.77% | -77.6% |
| Net Income (Continuing) | -8.28M | -40.37M | -38M | -41.93M | -426.07M | 2.37M | -60.73M | -173.32M | -78.18M | -82.02M | -66.87M | -69.83M | -88.02M | -84.38M | -76.97M | -71.39M | -81.5M | -69.33M | 16.54M | -41M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.03 | -0.13 | -0.13 | -0.14 | -1.44 | 0.01 | -0.22 | -0.64 | -0.29 | -0.31 | -0.26 | -0.28 | -0.34 | -0.35 | -0.37 | -0.32 | -0.38 | -0.31 | 0.08 | -0.21 |
| EPS Growth % | 97.92% | - | 40.91% | 78.13% | -396.55% | 102.48% | 15.38% | -128.57% | 14.71% | 11.43% | 29.73% | 12.5% | 10.53% | -12.9% | -562.5% | -52.38% | 15.56% | -183.78% | 157.14% | -40% |
| EPS (Basic) | -0.03 | -0.13 | -0.13 | -0.14 | -1.44 | 0.01 | -0.22 | -0.64 | -0.29 | -0.31 | -0.26 | -0.28 | -0.34 | -0.35 | -0.37 | -0.32 | -0.38 | -0.32 | 0.08 | -0.21 |
| Diluted Shares Outstanding | 305.82M | 301.91M | 300.84M | 300.16M | 296.86M | 306.89M | 272.92M | 272.38M | 269.58M | 267.12M | 255M | 250.07M | 242.03M | 226.24M | 225.12M | 224.5M | 222.29M | 220.73M | 215.13M | 198.57M |
| Basic Shares Outstanding | 305.82M | 301.91M | 300.84M | 300.16M | 296.86M | 283M | 272.92M | 272.38M | 269.58M | 264.86M | 255M | 249.4M | 242.03M | 226.24M | 225.12M | 224.5M | 220.27M | 217.08M | 202.19M | 195.24M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |