Financial Statements — PACB
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.06 | 0.06 | 0.06 | 0.05 | 0.06 | 0.08 | 0.10 | 0.08 | 0.39 | 0.21 | 0.35 | 0.30 | 0.31 | 0.43 | 0.43 | 0.46 | 0.93 |
| Short-term Investments | 0.18 | 0.22 | 0.24 | 0.26 | 0.28 | 0.39 | 0.41 | 0.49 | 0.38 | 0.62 | 0.52 | 0.53 | 0.59 | 0.53 | 0.65 | 0.68 | 0.23 |
| Accounts Receivable | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.01 |
| Inventory | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
| Total Current Assets | 0.34 | 0.37 | 0.39 | 0.41 | 0.44 | 0.58 | 0.63 | 0.68 | 0.88 | 0.94 | 0.98 | 0.91 | 0.97 | 1.03 | 1.13 | 1.19 | 1.20 |
| Property, Plant & Equipment | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 |
| Goodwill | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.37 | 0.37 | 0.46 | 0.46 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | -- | -- |
| Intangible Assets | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.38 | 0.39 | 0.40 | 0.41 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -- | -- |
| Total Non-current Assets* | 0.41 | 0.41 | 0.41 | 0.41 | 0.42 | 0.87 | 0.88 | 0.99 | 1.02 | 0.91 | 0.92 | 0.91 | 0.91 | 0.91 | 0.90 | 0.06 | 0.06 |
| Total Assets | 0.75 | 0.78 | 0.80 | 0.83 | 0.86 | 1.45 | 1.51 | 1.67 | 1.90 | 1.85 | 1.90 | 1.82 | 1.88 | 1.94 | 2.03 | 1.25 | 1.25 |
| Accounts Payable | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 | 0.06 | 0.08 | 0.07 | 0.18 | 0.27 | 0.27 | 0.08 | 0.08 | 0.06 | 0.06 | 0.05 | 0.03 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 |
| Total Non-current Liabilities* | 0.72 | 0.71 | 0.70 | 0.70 | 0.70 | 0.94 | 0.94 | 0.95 | 0.95 | 0.93 | 0.94 | 1.11 | 1.11 | 1.14 | 1.14 | 0.94 | 0.94 |
| Total Liabilities | 0.79 | 0.78 | 0.77 | 0.76 | 0.77 | 1.00 | 1.02 | 1.02 | 1.13 | 1.21 | 1.20 | 1.19 | 1.19 | 1.20 | 1.19 | 0.99 | 0.97 |
| Retained Earnings | (2.75) | (2.70) | (2.65) | (2.62) | (2.58) | (2.15) | (2.09) | (1.92) | (1.76) | (1.69) | (1.62) | (1.45) | (1.37) | (1.30) | (1.15) | (1.17) | (1.12) |
| Total Stockholder Equity | (0.03) | 0.00 | 0.04 | 0.06 | 0.09 | 0.45 | 0.49 | 0.65 | 0.76 | 0.64 | 0.69 | 0.63 | 0.68 | 0.73 | 0.84 | 0.26 | 0.28 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 39.01 | 37.18 | 44.65 | 38.44 | 39.77 | 37.15 | 39.22 | 39.97 | 36.01 | 38.81 | 58.36 | 55.69 | 47.57 | 38.90 | 27.35 | 32.31 | 35.47 | 33.17 | 36.02 | 34.89 |
| Cost of Revenue | 26.37 | 24.34 | 28.08 | 22.54 | 25.08 | 38.52 | 29.17 | 29.96 | 30.08 | 27.53 | 48.79 | 37.79 | 32.03 | 29.14 | 22.21 | 18.76 | 15.50 | 14.82 | 19.25 | 19.52 |
| Gross Profit | 12.64 | 12.84 | 16.57 | 15.90 | 14.68 | (1.37) | 10.06 | 10.00 | 5.94 | 11.28 | 9.57 | 17.90 | 15.55 | 9.76 | 5.14 | 13.55 | 16.19 | 14.16 | 16.77 | 15.36 |
| Research & Development | 23.02 | 19.61 | 22.88 | 22.85 | 22.53 | 29.05 | 27.47 | 25.52 | 38.49 | 43.46 | 44.54 | 47.51 | 46.17 | 48.94 | 42.62 | 47.09 | 50.35 | 52.94 | 42.58 | 27.51 |
| Selling, General & Admin | 33.39 | 31.15 | 34.05 | 31.10 | 36.17 | 40.17 | 41.64 | 43.75 | 45.88 | 43.75 | 46.00 | 43.43 | 40.57 | 39.82 | 45.00 | 36.80 | 39.25 | 39.80 | 37.32 | 31.61 |
| Total Operating Expenses | 57.25 | 21.20 | 57.76 | 54.78 | 59.54 | 427.56 | 163.09 | 74.08 | 181.78 | 92.64 | 97.12 | 100.39 | 88.72 | 101.01 | 92.22 | 88.17 | 84.16 | 91.68 | 81.44 | 89.84 |
| Operating Income | (44.61) | (8.36) | (41.20) | (38.88) | (44.85) | (428.93) | (153.03) | (64.08) | (175.85) | (81.36) | (87.55) | (82.49) | (73.17) | (91.25) | (87.08) | (74.62) | (67.97) | (77.52) | (64.68) | (74.48) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.58 | 3.57 | 3.59 | 3.55 | 3.63 | 3.65 | 3.66 | 3.68 | 3.70 | 3.48 | 3.67 |
| Pretax Income | (44.68) | (8.09) | (40.17) | (37.62) | (41.89) | (426.38) | 2.69 | (60.72) | (173.32) | (78.18) | (82.74) | (77.57) | (69.83) | (88.01) | (84.38) | (76.97) | -- | -- | -- | (78.28) |
| Tax Provision | 0.06 | 0.18 | 0.20 | 0.38 | 0.04 | (0.30) | 0.32 | 0.00 | 0.00 | 0.00 | (0.72) | (10.71) | 0.00 | 0.00 | -- | -- | -- | -- | 1.18 | (94.82) |
| Net Income | (44.74) | (8.27) | (40.37) | (38.00) | (41.93) | (426.07) | 2.37 | (60.72) | (173.32) | (78.18) | (82.02) | (66.87) | (69.83) | (88.01) | (84.38) | (76.97) | (71.39) | (81.50) | (69.33) | 16.54 |
| Basic EPS | (0.14) | (0.03) | (0.11) | (0.13) | (0.14) | (1.44) | 0.02 | (0.22) | (0.64) | (0.29) | (0.31) | (0.26) | (0.28) | (0.36) | (0.37) | (0.34) | (0.32) | (0.37) | (0.31) | 0.08 |
| Diluted EPS | (0.14) | (0.03) | (0.11) | (0.13) | (0.14) | (1.44) | (0.44) | (0.22) | (0.64) | (0.29) | (0.31) | (0.26) | (0.28) | (0.36) | (0.37) | (0.34) | (0.32) | (0.37) | (0.31) | 0.08 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (35.58) | (44.69) | (19.07) | (18.71) | (29.38) | (44.06) | (30.65) | (45.46) | (54.26) | (75.68) | (57.56) | (65.18) | (41.74) | (94.69) | (60.57) | (63.05) | (60.56) | (79.03) | (31.71) | (40.66) |
| Capital Expenditures | 1.56 | 3.04 | 0.86 | (0.09) | 0.55 | 1.39 | 1.62 | (0.79) | 1.48 | 3.88 | 2.02 | 0.83 | 2.27 | 3.72 | 4.90 | 4.19 | 4.02 | 3.64 | 2.84 | 1.12 |
| Free Cash Flow* | (37.14) | (47.73) | (19.93) | (18.62) | (29.93) | (45.44) | (32.27) | (44.68) | (55.74) | (79.56) | (59.58) | (66.01) | (44.01) | (98.41) | (65.47) | (67.24) | (64.58) | (82.67) | (34.55) | (41.77) |
| Investing Cash Flow | 40.07 | 35.86 | 26.03 | 18.90 | 25.28 | 45.23 | 58.24 | 23.07 | 76.84 | (34.14) | (66.57) | 242.32 | (98.59) | (72.55) | 80.40 | 53.91 | (60.28) | 42.05 | 65.75 | (291.65) |
| Financing Cash Flow | 0.26 | 1.44 | 0.00 | 1.47 | 0.00 | 1.96 | (50.20) | 0.81 | (0.15) | 6.55 | (81.60) | (0.78) | (4.71) | 195.99 | 0.82 | 3.13 | 0.46 | 5.22 | 1.32 | 299.66 |
* Derived from reported values
