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Burning Rock Biotech (BNR) investor relations material
Burning Rock Biotech Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary20 Nov, 2025
Executive summary
Achieved positive operating cash flow in 3Q25, reversing prior negative trends and marking a significant milestone toward profitability.
Total revenues for 3Q25 were RMB 131.6 million (US$18.5 million), up 2.3% year-over-year, driven by strong pharma R&D services growth.
Net loss narrowed to RMB16.8 million (US$2.4 million) from RMB35.7 million in Q3 2024.
Gross profit margin improved to 75.1% in 3Q25, up 3.7 percentage points year-over-year, driven by product mix optimization and cost control.
Presented significant clinical study results in therapy selection and early cancer detection, and received regulatory approval in Japan for a companion diagnostic system.
Financial highlights
Pharma R&D services revenue surged 68.6% year-over-year to RMB42.0 million, offsetting declines in in-hospital and central laboratory channels.
Gross profit for 3Q25 was RMB 98.8 million, up 8% year-over-year; gross profit margin reached 75.1%.
Adjusted EBITDA loss narrowed to RMB (5.4) million in 3Q25 from RMB (16.6) million in 3Q24, showing a clear trend toward breakeven.
Operating expenses were reduced by 13% year-over-year in 3Q25, with disciplined cuts across R&D, S&M, and G&A.
Cash, cash equivalents, and restricted cash stood at RMB467.0 million (US$65.6 million) as of September 30, 2025.
Outlook and guidance
Continued focus on driving profitability through efficiency gains, cost control, and revenue growth in overseas and biopharma segments.
Expectation of further cost savings and improved sales efficiency going forward.
Management highlighted ongoing transition to in-hospital testing and continued focus on high-margin pharma R&D projects.
Forward-looking statements caution about risks and uncertainties due to market and operating conditions.
Explain in-hospital revenue decline vs. partner growth?
CDx project pipeline beyond Japan MHLW approval?
Timeline for early detection product commercialization?
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Next Burning Rock Biotech earnings date
Q4 202525 Mar, 2026
Next Burning Rock Biotech earnings date
Q4 202525 Mar, 2026
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Frequently asked questions
Burning Rock Biotech Limited focuses on developing and providing next-generation sequencing-based cancer therapy selection tests. The company offers comprehensive genomic profiling services and products for cancer patients to guide treatment decisions. Its key services include liquid biopsy, tissue biopsy, and companion diagnostic development, aimed at improving clinical outcomes for cancer patients. Burning Rock Biotech serves sectors such as oncology, biotechnology, and personalized medicine, collaborating with medical institutions, pharmaceutical companies, and research organizations. The company is headquartered in Guangzhou, China, and its shares are listed on the NASDAQ.
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