Seer, Inc. (SEER)Stock Price & Financial Statements
AboutSeer, Inc., a life sciences company, engages in developing and commercializing products to decode the secrets of the proteome. It develops Proteograph Product Suite, an integrated solution that comprises consumables, an automation instrumentation, and software that allows researchers to conduct proteomic studies in therapeutic and diagnostic research, and clinical trials. The company intends to sell its products for research purposes, which cover academic institutions, life sciences, and research laboratories, as well as biopharmaceutical and biotechnology companies for non-diagnostic and non-clinical purposes. It has a collaboration agreement with Discovery Life Sciences, LLC. and the Salk Institute for Biological Studies. The company was formerly known as Seer Biosciences, Inc. and changed its name to Seer, Inc. in July 2018. Seer, Inc. was incorporated in 2017 and is headquartered in Redwood City, California.Show more
- Revenue $14M -8.1%
- EBITDA -$94M +5.5%
- Net Income -$87M -0.4%
- EPS (Diluted) -1.39 -3.0%
- Gross Margin 48.99% +413.2%
- EBITDA Margin -673.44% -2.9%
- Operating Margin -717.72% -3.8%
- Net Margin -620.91% -9.3%
- ROE -23.91% -16.9%
- ROIC -21.28% -10.4%
- Debt/Equity 0.08 +11.3%
- Interest Coverage -
Key Insights
Based on financial data analysisStrengths
- ✓Company is almost debt free
- ✓Strong 5Y sales CAGR of 160.6%
- ✓Share count reduced 2.4% through buybacks
- ✓Trading at only 0.4x book value
Weaknesses
- ✗Negative free cash flow
- ✗Low asset turnover indicates capital-intensive operations
Price & Volume
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Growth Metrics
Revenue CAGR
10Y-
5Y160.62%
3Y29.69%
TTM14.49%
Profit (Net Income) CAGR
10Y-
5Y-
3Y-
TTM4%
EPS CAGR
10Y-
5Y-
3Y-
TTM-3.08%
ROCE
10Y Avg-21.06%
5Y Avg-19.32%
3Y Avg-22.94%
Latest-25.86%
Peer Comparison
Diagnostics and Omics Tools| Name | Market Cap | Current Price | P/E Ratio | Revenue Growth 1Y | Net Margin | ROE | FCF Yield | Debt/Equity |
|---|---|---|---|---|---|---|---|---|
 VCYTVeracyte, Inc. | 2.88B | 36.27 | 44.23 | 16.01% | 12.83% | 5.07% | 4.4% | 0.03 |
 ASBPWAspire Biopharma Holdings, Inc. | 178.9K | 0.02 | -0.01 | -16351.77% | ||||
 VRAXVirax Biolabs Group Limited | 1.55M | 0.21 | -0.11 | -95.95% | -78.62% | -234.24% | 0.07 | |
 CDIOCardio Diagnostics Holdings, Inc. | 141.46M | 5.26 | -0.57 | 104.45% | -415.16% | -80.38% | 0.10 | |
 AIMDAinos, Inc. | 7.24M | 1.51 | -0.97 | -83.02% | -132.32% | -148.9% | 0.77 | |
 IMDXInsight Molecular Diagnostics Inc. | 95.47M | 5.47 | -1.17 | 25.15% | -13.81% | -14.81% | ||
SEERSeer, Inc. | 103.2M | 1.85 | -1.33 | -8.13% | -486.02% | -29.19% | 0.08 | |
 ASBPAspire Biopharma Holdings, Inc. | 62.88M | 1.32 | -5.08 | -16351.99% |
Compare SEER vs Peers
Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.
Income Statement
| Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 116K | 656K | 6.39M | 14.69M | 15.18M | 13.95M |
| Revenue Growth % | - | - | 465.52% | 874.7% | 129.67% | 3.38% | -8.13% |
| Cost of Goods Sold | 100K | 701K | 1.61M | 6.77M | 14.3M | 13.73M | 7.12M |
| COGS % of Revenue | - | 604.31% | 244.82% | 105.85% | 97.39% | 90.46% | 51.01% |
| Gross Profit | -100K | -585K | -950K | -374K | 384K | 1.45M | 6.83M |
| Gross Margin % | - | -504.31% | -144.82% | -5.85% | 2.61% | 9.54% | 48.99% |
| Gross Profit Growth % | - | -485% | -62.39% | 60.63% | 202.67% | 277.34% | 371.5% |
| Operating Expenses | 6.66M | 16.3M | 32.7M | 71.32M | 98.43M | 106.39M | 106.93M |
| OpEx % of Revenue | - | 14050% | 4984.6% | 1115.45% | 670.26% | 700.77% | 766.71% |
| Selling, General & Admin | 2.98M | 4.61M | 15.36M | 42.2M | 52.63M | 58.95M | 56.57M |
| SG&A % of Revenue | - | 3970.69% | 2341.92% | 660.01% | 358.39% | 388.29% | 405.61% |
| Research & Development | 3.68M | 11.69M | 17.34M | 29.12M | 45.8M | 47.44M | 50.59M |
| R&D % of Revenue | - | 10079.31% | 2642.68% | 455.44% | 311.86% | 312.48% | 362.69% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -223K |
| Operating Income | -6.76M | -16.88M | -33.65M | -71.7M | -98.04M | -104.94M | -100.1M |
| Operating Margin % | - | -14554.31% | -5129.42% | -1121.3% | -667.64% | -691.23% | -717.72% |
| Operating Income Growth % | - | -149.82% | -99.31% | -113.07% | -36.75% | -7.04% | 4.61% |
| EBITDA | -6.66M | -16.18M | -32.04M | -68.13M | -92.14M | -99.36M | -93.92M |
| EBITDA Margin % | - | -13950% | -4884.6% | -1065.58% | -627.46% | -654.49% | -673.44% |
| EBITDA Growth % | - | -143.05% | -98.02% | -112.63% | -35.24% | -7.84% | 5.47% |
| D&A (Non-Cash Add-back) | 100K | 701K | 1.61M | 3.56M | 5.9M | 5.58M | 6.18M |
| EBIT | -6.31M | -16.03M | -32.77M | -71.17M | -92.97M | -86.28M | -100.1M |
| Net Interest Income | 451K | 845K | 883K | 304K | 4.6M | 17.76M | 16.67M |
| Interest Income | 451K | 850K | 883K | 326K | 4.6M | 17.76M | 16.67M |
| Interest Expense | 0 | 5K | 0 | 22K | 0 | 0 | 0 |
| Other Income/Expense | 451K | 845K | 874K | 527K | 5.08M | 18.66M | 13.6M |
| Pretax Income | -6.31M | -16.04M | -32.77M | -71.17M | -92.97M | -86.28M | -86.5M |
| Pretax Margin % | - | -13825.86% | -4996.19% | -1113.06% | -633.07% | -568.28% | -620.21% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 98K |
| Effective Tax Rate % | 100% | 100% | 100% | 100% | 100% | 100% | 100.11% |
| Net Income | -6.31M | -16.04M | -32.77M | -71.17M | -92.97M | -86.28M | -86.6M |
| Net Margin % | - | -13825.86% | -4996.19% | -1113.06% | -633.07% | -568.28% | -620.91% |
| Net Income Growth % | - | -154.29% | -104.36% | -117.14% | -30.63% | 7.2% | -0.37% |
| Net Income (Continuing) | -6.31M | -16.04M | -32.77M | -71.17M | -92.97M | -86.28M | -86.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.29 | -0.26 | -0.51 | -1.13 | -1.42 | -1.35 | -1.39 |
| EPS Growth % | - | 10.34% | -96.15% | -121.57% | -25.66% | 4.93% | -2.96% |
| EPS (Basic) | -0.29 | -0.26 | -0.51 | -1.13 | -1.42 | -1.35 | -1.39 |
| Diluted Shares Outstanding | 21.45M | 60.91M | 60.91M | 60.86M | 62.43M | 63.85M | 62.35M |
| Basic Shares Outstanding | 21.45M | 60.91M | 60.91M | 60.86M | 62.43M | 63.85M | 62.35M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Balance Sheet
| Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 31.21M | 86.81M | 433.13M | 411.7M | 434.98M | 330.51M | 253.32M |
| Cash & Short-Term Investments | 30.95M | 86.02M | 431.86M | 400.07M | 421.24M | 316.22M | 236.41M |
| Cash Only | 30.95M | 17.48M | 333.58M | 232.81M | 53.21M | 32.5M | 40.75M |
| Short-Term Investments | 0 | 68.53M | 98.28M | 167.26M | 368.03M | 283.73M | 195.66M |
| Accounts Receivable | 69K | 326K | 262K | 4.14M | 7.02M | 6.72M | 6.23M |
| Days Sales Outstanding | - | 1.03K | 145.78 | 236.56 | 174.43 | 161.46 | 163.02 |
| Inventory | 0 | 0 | 551K | 4.14M | 4.63M | 4.49M | 7.44M |
| Days Inventory Outstanding | - | - | 125.23 | 223.54 | 118.09 | 119.36 | 381.47 |
| Other Current Assets | 0 | 0 | 452K | 0 | 2.1M | 3.08M | 3.25M |
| Total Non-Current Assets | 2.48M | 6.43M | 9.19M | 127.44M | 52.95M | 105.76M | 113.27M |
| Property, Plant & Equipment | 2.36M | 5.69M | 8.44M | 33.23M | 46.41M | 47.37M | 41.37M |
| Fixed Asset Turnover | - | 0.02x | 0.08x | 0.19x | 0.32x | 0.32x | 0.34x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 343K | 93.19M | 5.16M | 56.86M | 63.1M |
| Other Non-Current Assets | 124K | 743K | 407K | 1.02M | 1.38M | 1.53M | 8.8M |
| Total Assets | 33.7M | 93.24M | 442.32M | 539.14M | 487.93M | 436.27M | 366.6M |
| Asset Turnover | - | 0.00x | 0.00x | 0.01x | 0.03x | 0.03x | 0.04x |
| Asset Growth % | - | 176.7% | 374.41% | 21.89% | -9.5% | -10.59% | -15.97% |
| Total Current Liabilities | 3.69M | 3.81M | 8.09M | 13.42M | 12.58M | 13.22M | 15.33M |
| Accounts Payable | 2.63M | 701K | 2.12M | 3.79M | 2.1M | 1.37M | 4.62M |
| Days Payables Outstanding | 9.58K | 365 | 480.68 | 204.34 | 53.7 | 36.41 | 237.06 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 2.29M | 2.31M |
| Deferred Revenue (Current) | 0 | 175K | 250K | 376K | 133K | 206K | 408K |
| Other Current Liabilities | 344K | 1.6M | 2.86M | 4.73M | 6.35M | 2.73M | 1.54M |
| Current Ratio | 8.46x | 22.75x | 53.51x | 30.67x | 34.57x | 25.00x | 16.53x |
| Quick Ratio | 8.46x | 22.75x | 53.44x | 30.36x | 34.20x | 24.66x | 16.04x |
| Cash Conversion Cycle | - | - | -209.68 | 255.76 | 238.83 | 244.41 | 307.43 |
| Total Non-Current Liabilities | 30K | 1.74M | 2.62M | 22.8M | 28.35M | 26.14M | 23.7M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 22.46M | 28.03M | 25.96M | 23.65M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 30K | 1.74M | 2.62M | 341K | 320K | 179K | 48K |
| Total Liabilities | 3.72M | 5.56M | 10.71M | 36.22M | 40.94M | 39.37M | 39.03M |
| Total Debt | 0 | 0 | 0 | 23.32M | 29.87M | 28.26M | 25.96M |
| Net Debt | -30.95M | -17.48M | -333.58M | -209.49M | -23.33M | -4.24M | -14.79M |
| Debt / Equity | - | - | - | 0.05x | 0.07x | 0.07x | 0.08x |
| Debt / EBITDA | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - |
| Interest Coverage | - | -3376.60x | - | -3258.91x | - | - | - |
| Total Equity | 29.98M | 87.68M | 431.61M | 502.92M | 446.99M | 396.9M | 327.57M |
| Equity Growth % | - | 192.51% | 392.26% | 16.52% | -11.12% | -11.21% | -17.47% |
| Book Value per Share | 1.40 | 1.44 | 7.09 | 8.26 | 7.16 | 6.22 | 5.25 |
| Total Shareholders' Equity | 29.98M | 87.68M | 431.61M | 502.92M | 446.99M | 396.9M | 327.57M |
| Common Stock | 0 | 0 | 1K | 1K | 1K | 1K | 1K |
| Retained Earnings | -6.55M | -22.59M | -55.36M | -126.53M | -219.5M | -305.77M | -392.37M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -31K | 24K | 54K | -536K | -1.25M | -192K | 136K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash Flow Statement
| Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -4.65M | -13.07M | -20.83M | -46.35M | -60.78M | -59.06M | -46.11M |
| Operating CF Margin % | - | -11269.83% | -3175% | -724.85% | -413.89% | -389.05% | -330.6% |
| Operating CF Growth % | - | -181.08% | -59.32% | -122.52% | -31.14% | 2.82% | 21.94% |
| Net Income | -6.31M | -16.04M | -32.77M | -71.17M | -92.97M | -86.28M | -86.6M |
| Depreciation & Amortization | 31K | 701K | 1.61M | 2.56M | 3.94M | 5.58M | 6.18M |
| Stock-Based Compensation | 672K | 1.56M | 7.35M | 25.93M | 33.67M | 34.42M | 28.21M |
| Deferred Taxes | 0 | -259K | 0 | 1.2M | 0 | 0 | 0 |
| Other Non-Cash Items | 549K | 5K | 271K | 1M | 1.66M | -10.07M | 6.25M |
| Working Capital Changes | 953K | 961K | 2.72M | -5.87M | -7.09M | -2.72M | -144K |
| Change in Receivables | -69K | -257K | 64K | -2.5M | -2.87M | 302K | 487K |
| Change in Inventory | 0 | 257K | -551K | -3.59M | -1.59M | -1.95M | -2.67M |
| Change in Payables | 323K | 218K | 912K | 1.6M | -1.55M | -987K | 3.35M |
| Cash from Investing | -168K | -72.38M | -34.56M | -170.88M | -122.72M | 37.9M | 65.86M |
| Capital Expenditures | -168K | -4.13M | -4.53M | -6.92M | -10.27M | -7.31M | -3.58M |
| CapEx % of Revenue | - | 3561.21% | 691.16% | 108.26% | 69.9% | 48.14% | 25.7% |
| Acquisitions | 0 | 68.25M | -50K | 163.96M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | -68.25M | 0 | -163.96M | 170K | 0 | 343K |
| Cash from Financing | 29.95M | 72.33M | 371.49M | 116.63M | 3.89M | 452K | -11.49M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 1000K | 1000K | 1000K | -20K | -13K | -1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -6K | -13K | -35K | -20K | -13K | -11.82M |
| Other Financing | 29.95M | 406K | 1.26M | 13.71M | 3.91M | 465K | 321K |
| Net Change in Cash | 25.13M | -13.13M | 316.1M | -100.59M | -179.6M | -20.71M | 8.25M |
| Free Cash Flow | -4.82M | -17.2M | -25.36M | -53.27M | -71.05M | -66.37M | -49.69M |
| FCF Margin % | - | -14831.03% | -3866.16% | -833.11% | -483.79% | -437.19% | -356.3% |
| FCF Growth % | - | -257% | -47.42% | -110.03% | -33.37% | 6.57% | 25.13% |
| FCF per Share | -0.22 | -0.28 | -0.42 | -0.88 | -1.14 | -1.04 | -0.80 |
| FCF Conversion (FCF/Net Income) | 0.74x | 0.82x | 0.64x | 0.65x | 0.65x | 0.68x | 0.53x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 645K | 232K | 0 | 154K |
Key Ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -21.04% | -27.26% | -12.62% | -15.23% | -19.57% | -20.45% | -23.91% |
| Return on Invested Capital (ROIC) | - | -36.59% | -30% | -27.47% | -20.51% | -19.28% | -21.28% |
| Gross Margin | - | -504.31% | -144.82% | -5.85% | 2.61% | 9.54% | 48.99% |
| Net Margin | - | -13825.86% | -4996.19% | -1113.06% | -633.07% | -568.28% | -620.91% |
| Debt / Equity | - | - | - | 0.05x | 0.07x | 0.07x | 0.08x |
| Interest Coverage | - | -3376.60x | - | -3258.91x | - | - | - |
| FCF Conversion | 0.74x | 0.82x | 0.64x | 0.65x | 0.65x | 0.68x | 0.53x |
| Revenue Growth | - | - | 465.52% | 874.7% | 129.67% | 3.38% | -8.13% |
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