Pacific Biosciences of California, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:46:39Z
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 | -113.92M | -212.25M | -268.02M | -279.96M | -117.11M | 18.46M |
| EBITDA | -171.43M | -433.13M | -314.74M | -296.80M | -203.24M | -97.96M |
| Working Capital | 302.22M | 429.38M | 647.02M | 588.74M | 1.03B | 317.08M |
| Net Debt | 638.72M | 617.06M | 754.02M | 622.05M | 495.32M | -39.61M |
| Gross Margin | 28.61% | 24.21% | 26.32% | 38.22% | 45.10% | 41.28% |
| Operating Margin | -346.15% | -307.97% | -166.80% | -239.43% | -161.24% | -132.31% |
| Net Margin | -341.47% | -201.18% | -152.97% | -244.92% | -138.85% | 37.27% |
| Return on Equity (ROE) | -10214.54% | -61.16% | -43.74% | -55.83% | -22.91% | 8.76% |
| Return on Assets (ROA) | -69.68% | -24.58% | -17.57% | -17.78% | -9.03% | 7.10% |
| Current Ratio | 5.15× | 7.48× | 7.81× | 3.24× | 15.36× | 9.24× |
| Debt-to-Equity | 131.32× | 1.33× | 1.33× | 1.68× | 1.21× | 0.13× |
| Effective Tax Rate | -0.06% | -0.10% | 3.59% | 0.00% | 34.07% | — |
| Cash Conversion Ratio | 0.20× | 0.67× | 0.84× | 0.84× | 0.61× | 0.66× |
| Accruals Ratio | -0.56× | -0.08× | -0.03× | -0.03× | -0.03× | 0.02× |
| SBC % of Revenue | 26.04% | 46.12% | 35.97% | 61.27% | 56.21% | 22.22% |
| CapEx Coverage | -40.98× | -33.30× | -29.31× | -15.71× | -18.75× | 18.77× |
| Free Cash Flow Per Share | $-0.38 | $-0.74 | $-1.06 | $-1.25 | $-0.57 | $0.11 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | — | — | 152.59× |
| P/FCF | — | — | — | — | — | 245.88× |
| FCF Yield | — | — | — | — | — | 0.41% |
| P/S | 3.53× | 3.50× | 13.10× | 14.44× | 34.64× | 63.23× |
| P/B | 105.56× | 1.06× | 3.75× | 3.29× | 5.72× | 14.87× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cost of Goods and Services Sold | — | — | — | — | — | 46.33M |
| Cost of Revenue | 114.22M | 116.73M | 147.74M | 79.27M | 71.65M | 46.33M |
| Gross Profit | 45.78M | 37.28M | 52.78M | 49.03M | 58.86M | 32.57M |
| Research and Development Expense | 97.31M | 134.92M | 187.17M | 193.00M | 112.90M | 64.15M |
| Selling, General and Administrative Expense | 141.49M | 175.02M | 169.82M | 160.85M | 124.12M | 72.80M |
| Operating Expenses | 599.64M | 511.60M | 387.25M | 356.23M | 269.30M | 136.95M |
| Operating Income (Loss) | -553.86M | -474.31M | -334.47M | -307.20M | -210.44M | -104.39M |
| Income Tax Expense (Benefit) | 318.00K | 316.00K | -11.42M | 0 | -93.65M | — |
| Net Income (Loss) Attributable to Parent | -546.38M | -309.85M | -306.74M | -314.25M | -181.22M | 29.40M |
| Earnings Per Share, Basic | $-1.82 | $-1.13 | $-1.21 | $-1.40 | $-0.89 | $0.18 |
| Weighted Average Number of Shares Outstanding, Basic | 299.96M | 274.49M | 253.63M | 224.55M | 204.14M | 165.19M |
| Earnings Per Share, Diluted | $-1.82 | $-1.59 | $-1.21 | $-1.40 | $-0.89 | $0.17 |
| Weighted Average Number of Shares Outstanding, Diluted | 299.96M | 288.37M | 253.63M | 224.55M | 204.14M | 174.97M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 63.71M | 55.37M | 179.91M | 325.09M | 460.73M | 81.61M |
| Assets, Current | 375.05M | 495.68M | 742.05M | 852.07M | 1.10B | 355.59M |
| Assets | 784.08M | 1.26B | 1.75B | 1.77B | 2.01B | 413.98M |
| Long-term Debt | — | — | — | 896.68M | 896.07M | — |
| Liabilities, Current | 72.83M | 66.30M | 95.03M | 263.33M | 71.71M | 38.50M |
| Liabilities | 778.73M | 753.85M | 1.04B | 1.20B | 1.22B | 78.49M |
| Stockholders' Equity Attributable to Parent | 5.35M | 506.59M | 701.30M | 562.90M | 790.99M | 335.49M |
| Common Stock, Shares, Outstanding | 301.96M | 294.42M | 267.74M | 226.50M | 220.98M | 192.29M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -111.21M | -206.06M | -259.17M | -263.21M | -111.18M | 19.50M |
| Payments to Acquire Property, Plant, and Equipment | 2.71M | 6.19M | 8.84M | 16.75M | 5.93M | 1.04M |
| Net Cash Provided by (Used in) Investing Activities | 115.45M | 124.00M | 4.60M | 116.08M | -678.53M | -219.32M |
| Net Cash Provided by (Used in) Financing Activities | 3.43M | -42.99M | 108.89M | 9.62M | 1.17B | 251.84M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -47.73M | -19.93M | -93.99M | -75.37M | -45.45M | -32.27M |
| EBITDA | -5.14M | -37.44M | — | — | -57.41M | -143.33M |
| Working Capital | 304.16M | 302.22M | 331.03M | 353.64M | 378.32M | 429.38M |
| Net Debt | 647.11M | 638.72M | 643.61M | 644.42M | 640.60M | 617.06M |
| Gross Margin | 34.54% | 37.11% | 41.36% | 36.93% | -3.69% | 25.64% |
| Operating Margin | -22.48% | -92.28% | -101.13% | -112.79% | -1154.51% | -390.14% |
| Net Margin | -22.26% | -90.43% | -98.85% | -105.44% | -1146.81% | 6.04% |
| Return on Equity (ROE) | -349.75% | -754.74% | -105.29% | -68.19% | -464.95% | 0.47% |
| Return on Assets (ROA) | -1.06% | -5.15% | -4.73% | -5.08% | -49.50% | 0.19% |
| Current Ratio | 5.65× | 5.15× | 6.24× | 6.92× | 6.68× | 7.48× |
| Debt-to-Equity | 297.29× | 131.32× | 19.40× | 11.37× | 7.63× | 1.33× |
| Effective Tax Rate | -2.27% | -0.50% | -1.02% | -0.08% | 0.07% | 11.76% |
| Cash Conversion Ratio | 5.40× | 0.47× | 2.42× | 1.75× | 0.10× | -12.93× |
| Accruals Ratio | 0.05× | -0.03× | 0.07× | 0.04× | -0.44× | 0.03× |
| SBC % of Revenue | 11.99% | 21.48% | 83.45% | 53.05% | 24.77% | 40.88% |
| CapEx Coverage | -14.69× | -22.15× | -49.72× | -37.87× | -31.72× | -18.95× |
| Free Cash Flow Per Share | $-0.16 | $-0.07 | $-0.31 | $-0.25 | $-0.15 | $-0.11 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 37.18M | — | 38.44M | 39.77M | 37.15M | — |
| Cost of Revenue | 24.34M | 28.08M | 22.54M | 25.08M | 38.52M | 29.17M |
| Gross Profit | 12.84M | 16.57M | 15.90M | 14.68M | -1.37M | 10.06M |
| Research and Development Expense | 19.61M | 22.88M | 22.85M | 22.53M | 29.05M | 27.47M |
| Selling, General and Administrative Expense | 31.15M | 34.05M | 31.10M | 36.17M | 40.17M | 41.64M |
| Operating Expenses | 21.20M | 57.76M | 54.78M | 59.54M | 427.56M | 163.09M |
| Operating Income (Loss) | -8.36M | -41.20M | -38.88M | -44.85M | -428.93M | -153.03M |
| Income Tax Expense (Benefit) | 184.00K | 202.00K | 383.00K | 35.00K | -302.00K | 316.00K |
| Net Income (Loss) Attributable to Parent | -8.28M | -40.37M | -38.00M | -41.93M | -426.07M | 2.37M |
| Earnings Per Share, Basic | $-0.03 | $-0.13 | $-0.13 | $-0.14 | $-1.44 | $0.02 |
| Weighted Average Number of Shares Outstanding, Basic | 305.82M | 299.96M | 300.84M | 300.16M | 296.86M | 274.49M |
| Earnings Per Share, Diluted | $-0.03 | $-0.13 | $-0.13 | $-0.14 | $-1.44 | $-0.44 |
| Weighted Average Number of Shares Outstanding, Diluted | 305.82M | 299.96M | 300.84M | 300.16M | 296.86M | 288.37M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 56.27M | 63.71M | 56.47M | 54.80M | 58.51M | 55.37M |
| Assets, Current | 369.52M | 375.05M | 394.24M | 413.40M | 444.92M | 495.68M |
| Assets | 782.37M | 784.08M | 803.16M | 825.47M | 860.79M | 1.26B |
| Liabilities, Current | 65.36M | 72.83M | 63.21M | 59.75M | 66.60M | 66.30M |
| Liabilities | 780.00M | 778.73M | 767.07M | 763.98M | 769.15M | 753.85M |
| Stockholders' Equity Attributable to Parent | 2.37M | 5.35M | 36.09M | 61.49M | 91.64M | 506.59M |
| Common Stock, Shares, Outstanding | 310.49M | 301.96M | 301.85M | 300.35M | 300.04M | 294.42M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -44.69M | -19.07M | -92.14M | -73.43M | -44.06M | -30.65M |
| Payments to Acquire Property, Plant, and Equipment | 3.04M | 861.00K | 1.85M | 1.94M | 1.39M | 1.62M |
| Net Cash Provided by (Used in) Investing Activities | 35.86M | 26.03M | 89.42M | 70.52M | 45.23M | 58.24M |
| Net Cash Provided by (Used in) Financing Activities | 1.44M | 0 | 3.43M | 1.96M | 1.96M | -50.20M |
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 (PACB CIK 0001299130),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
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.