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Cytek Biosciences (CTKB) investor relations material
Cytek Biosciences Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached $52.3 million, up 2% year-over-year, driven by APAC, US, and recurring revenue growth, while EMEA declined sharply due to reduced academic and government sales.
Net loss for Q3 2025 was $5.5 million, compared to net income of $0.9 million in Q3 2024, due to lower gross profit and higher operating expenses.
Recurring revenue from service and reagents grew 19%–21% year-over-year, reflecting a larger installed base and increased maintenance activity.
Installed base expanded by 161 instruments to 3,456 units; Aurora cell sorter grew 35% year-over-year.
European headquarters in Amsterdam expanded by over 40%, improving reagent logistics, customer service, and training.
Financial highlights
Product revenue decreased 4% year-over-year, with a 26% decline in EMEA offset by 19% growth in APAC; service revenue grew 19%.
GAAP gross profit was $27.6 million, down 5% year-over-year; gross margin was 53% (down from 56%).
Adjusted gross margin was 55%, down from 60% in Q3 2024.
Operating expenses rose 10%–11% to $36.7 million, mainly due to higher G&A expenses, including legal costs and a $0.7 million non-recurring write-off.
Adjusted EBITDA declined to $2.5 million from $7.6 million year-over-year; excluding investment income, adjusted EBITDA was $0.5 million.
Cash and marketable securities totaled $261.7 million at quarter-end.
Outlook and guidance
Full-year 2025 revenue guidance reaffirmed at $196–$205 million, assuming stable currency rates.
Management expects continued investment in R&D, commercial infrastructure, and geographic expansion, with expenses anticipated to rise.
Existing cash and anticipated cash flows are expected to meet working capital and capital expenditure needs for at least the next 12 months.
Expect continued strong growth in APAC, stable U.S. performance, and ongoing EMEA weakness.
Anticipate positive adjusted EBITDA in Q4 and continued momentum in recurring revenue.
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