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Ginkgo Bioworks (DNA) investor relations material
Ginkgo Bioworks Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved $250M annualized cost savings ahead of schedule through restructuring and site consolidation, maintaining $474M in cash and no bank debt.
Transitioned toward life science tools and automation, launching new products and expanding into academic and direct-to-scientist markets.
Net loss for Q2 2025 was $60M, a 72% improvement year-over-year, driven by lower R&D and G&A expenses.
Restructuring actions, including workforce reductions and facility consolidations, are expected to further improve cash flow and Adjusted EBITDA.
Platform demand is growing in biopharma, government, and academic sectors, with new automation and CRO services gaining traction.
Financial highlights
Q2 2025 total revenue was $49–$50M, with Cell Engineering up 8% to $39M and Biosecurity down 48% to $10M.
Adjusted EBITDA loss improved to $(28)M from $(99)M year-over-year, a 72% improvement.
Cash burn reduced to $38–$44M in Q2 2025 from $104–$110M in the prior year.
Total operating expenses dropped 41% year-over-year to $115M, mainly due to reduced R&D and G&A costs.
Six months ended June 30, 2025, included $7.5M non-cash revenue from a BiomEdit contract termination.
Outlook and guidance
Reaffirmed 2025 total revenue guidance of $167M–$187M; Cell Engineering $117M–$137M; Biosecurity at least $40M.
Targeting Adjusted EBITDA breakeven by end of 2026, with further cost levers and revenue drivers identified.
Ongoing restructuring and cost control measures are expected to further improve operating leverage.
Cash runway projected to last at least 12 months from June 30, 2025.
Addressing up to $56M of excess space through subleases, with $14M/quarter opportunity.
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