Seres Therapeutics, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:31:18Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 865.00K | -148.99M | -125.33M | -238.64M | -2.88M | -94.20M |
| EBITDA | -89.84M | -115.85M | -188.85M | -173.28M | -58.55M | -81.55M |
| Working Capital | 30.05M | -2.55M | 76.75M | 109.17M | 221.37M | 222.36M |
| Net Debt | 37.20M | 60.85M | 79.27M | -440.00K | -130.79M | -74.92M |
| Operating Margin | -11910.14% | — | — | -2524.05% | -44.83% | -740.77% |
| Net Margin | 721.93% | — | — | -3509.50% | -45.59% | -749.16% |
| Return on Equity (ROE) | 12.88% | 0.99% | 253.53% | -2319.92% | -49.87% | -51.00% |
| Return on Assets (ROA) | 4.12% | 0.10% | -31.71% | -71.72% | -18.48% | -25.99% |
| Current Ratio | 2.56× | 0.94× | 1.78× | 2.28× | 3.69× | 5.79× |
| Debt-to-Equity | 1.88× | 6.65× | -4.62× | 15.08× | 0.37× | 0.24× |
| Cash Conversion Ratio | 0.20× | -1092.71× | 1.03× | 0.91× | -0.10× | 1.05× |
| Accruals Ratio | 0.03× | 1.06× | 0.01× | -0.06× | -0.20× | 0.01× |
| SBC % of Revenue | 1373.89% | — | — | 357.49% | 14.06% | 74.17% |
| CapEx Coverage | 4.43× | -391.08× | -14.72× | -23.30× | 0.70× | -158.39× |
| Free Cash Flow Per Share | $0.10 | $-19.18 | $-19.58 | $-2.21 | $-0.03 | $-1.18 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 23.25× | — | — | — | — | — |
| P/FCF | 152.62× | — | — | — | — | — |
| FCF Yield | 0.66% | — | — | — | — | — |
| P/S | 180.23× | — | — | 98.38× | 5.32× | 188.35× |
| P/B | 3.22× | 0.52× | — | 65.03× | 5.82× | 12.82× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | — | 7.13M | 143.86M | 11.90M |
| Revenues | 789.00K | 0 | 0 | 7.13M | 144.93M | 33.22M |
| Research and Development Expense | 49.06M | 64.60M | 117.60M | 109.65M | 141.89M | 90.57M |
| Operating Expenses | 94.76M | 121.31M | 195.10M | 179.91M | 209.42M | 121.34M |
| Operating Income (Loss) | -93.97M | -121.31M | -195.10M | -179.91M | -64.49M | -88.13M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | 5.70M | 136.00K | -113.72M | -250.16M | -65.58M | -89.13M |
| Earnings Per Share, Basic | $0.64 | $0.00 | $-17.77 | $-2.31 | $-0.72 | $-1.12 |
| Weighted Average Number of Shares Outstanding, Basic | 8.86M | 7.77M | 6.40M | 108.08M | 91.70M | 79.79M |
| Earnings Per Share, Diluted | $0.64 | $0.00 | $-17.77 | $-2.31 | $-0.72 | $-1.12 |
| Weighted Average Number of Shares Outstanding, Diluted | 8.87M | 7.77M | 6.40M | 108.08M | 91.70M | 79.79M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 45.77M | 30.79M | 127.97M | 163.03M | 180.00M | 116.05M |
| Assets, Current | 49.38M | 38.67M | 175.41M | 194.76M | 303.63M | 268.78M |
| Assets | 138.19M | 139.81M | 358.60M | 348.78M | 354.86M | 342.94M |
| Long-term Debt | — | — | 110.00M | 50.00M | 24.05M | 25.00M |
| Liabilities, Current | 19.32M | 41.22M | 98.66M | 85.60M | 82.26M | 46.41M |
| Liabilities | 93.97M | 126.03M | 403.46M | 338.00M | 223.35M | 168.19M |
| Stockholders' Equity Attributable to Parent | 44.22M | 13.78M | -44.86M | 10.78M | 131.51M | 174.75M |
| Common Stock, Shares, Outstanding | 9.56M | 8.65M | 135.04M | 125.22M | 91.89M | 91.46M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.12M | -148.61M | -117.35M | -228.82M | 6.69M | -93.61M |
| Payments to Acquire Property, Plant, and Equipment | 252.00K | 380.00K | 7.97M | 9.82M | 9.57M | 591.00K |
| Net Cash Provided by (Used in) Investing Activities | -42.00K | 142.29M | 10.58M | 82.43M | 64.09M | -158.89M |
| Net Cash Provided by (Used in) Financing Activities | 13.90M | -90.37M | 71.70M | 129.60M | 1.18M | 303.42M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -16.36M | -14.74M | 15.60M | 13.41M | 26.88M | -38.97M |
| EBITDA | -20.13M | -18.42M | -21.43M | -23.82M | -26.16M | -27.75M |
| Working Capital | 12.49M | 30.05M | 29.10M | 17.75M | 34.76M | -2.55M |
| Net Debt | 50.66M | 37.20M | 37.62M | 42.05M | 30.70M | 60.85M |
| Operating Margin | -5839.94% | -4423.97% | -6403.70% | — | — | — |
| Net Margin | -5562.29% | -3501.14% | 2337.32% | — | — | — |
| Return on Equity (ROE) | -75.15% | -34.68% | 18.77% | -60.26% | 64.76% | -113.44% |
| Return on Assets (ROA) | -16.93% | -11.10% | 5.72% | -13.81% | 19.91% | -11.18% |
| Current Ratio | 1.65× | 2.56× | 2.30× | 1.57× | 2.11× | 0.94× |
| Debt-to-Equity | 3.04× | 1.88× | 1.95× | 2.65× | 1.77× | 6.65× |
| Cash Conversion Ratio | 0.82× | 0.96× | 1.93× | -0.69× | 0.82× | 2.49× |
| Accruals Ratio | -0.03× | -0.00× | -0.05× | -0.23× | 0.04× | 0.17× |
| SBC % of Revenue | 493.30% | 730.37% | 2176.92% | — | — | — |
| CapEx Coverage | — | -507.24× | 70.97× | 63.35× | 791.47× | -432.02× |
| Free Cash Flow Per Share | $-1.71 | $-1.66 | $1.78 | $1.53 | $3.08 | $-5.02 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | 22.55× | 60.13× | 1.01× | 1.57× | — |
| P/B | 3.21× | 3.22× | 3.86× | 2.95× | 0.12× | 0.52× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | 351.00K | — | — | — |
| Revenues | 358.00K | 438.00K | 351.00K | — | 0 | 0 |
| Research and Development Expense | 13.20M | 11.68M | 12.62M | 12.94M | 11.82M | 12.84M |
| Operating Expenses | 21.27M | 19.82M | 22.83M | 24.88M | 27.24M | 28.84M |
| Operating Income (Loss) | -20.91M | -19.38M | -22.48M | -24.88M | -27.24M | -28.84M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -19.91M | -15.34M | 8.20M | -19.86M | 32.68M | -15.64M |
| Earnings Per Share, Basic | $-2.08 | $-1.77 | $0.94 | $-2.27 | $3.76 | $-2.10 |
| Weighted Average Number of Shares Outstanding, Basic | 9.58M | 8.86M | 8.76M | 8.74M | 8.70M | 7.77M |
| Earnings Per Share, Diluted | $-2.08 | $-1.76 | $0.94 | $-2.27 | $3.75 | $-2.10 |
| Weighted Average Number of Shares Outstanding, Diluted | 9.58M | 8.87M | 8.77M | 8.74M | 8.71M | 7.77M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 29.83M | 45.77M | 47.64M | 45.38M | 58.85M | 30.79M |
| Assets, Current | 31.84M | 49.38M | 51.53M | 48.69M | 66.08M | 38.67M |
| Assets | 117.62M | 138.19M | 143.47M | 143.80M | 164.18M | 139.81M |
| Liabilities, Current | 19.34M | 19.32M | 22.43M | 30.94M | 31.32M | 41.22M |
| Liabilities | 91.12M | 93.97M | 99.78M | 110.85M | 113.72M | 126.03M |
| Stockholders' Equity Attributable to Parent | 26.50M | 44.22M | 43.70M | 32.95M | 50.47M | 13.78M |
| Common Stock, Shares, Outstanding | 9.59M | 9.56M | 8.76M | 8.75M | 8.73M | 8.65M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -16.36M | -14.71M | 15.83M | 13.62M | 26.91M | -38.88M |
| Payments to Acquire Property, Plant, and Equipment | 0 | 29.00K | 223.00K | 215.00K | 34.00K | 90.00K |
| Net Cash Provided by (Used in) Investing Activities | 0 | 181.00K | -223.00K | -215.00K | -34.00K | -90.00K |
| Net Cash Provided by (Used in) Financing Activities | 428.00K | 12.66M | 1.24M | 1.18M | 1.18M | 1.74M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (MCRB CIK 0001609809),
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For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.