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Standard BioTools
Standard BioTools (LAB) investor relations material
Standard BioTools Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary24 Feb, 2026
Executive summary
Fourth quarter 2025 revenue from continuing operations was $23.8 million, with full year 2025 revenue at $85.3 million, both reflecting year-over-year declines.
Over $40 million in annualized cost savings were fully operationalized, supporting the path to positive adjusted EBITDA and cash flow by the end of 2026.
Approximately $550 million in cash and investments post-SomaLogic transaction, fueling inorganic growth strategy.
Net income for Q4 2025 was $13.9 million, a significant improvement due to a one-time, non-cash partial release of $38.4 million in deferred tax valuation allowance.
Financial highlights
Q4 2025 revenue declined 4% year-over-year; full year 2025 revenue declined 6% year-over-year.
Q4 2025 gross margin was 47.8% (non-GAAP: 50.3%), up from 45.8% (non-GAAP: 48.1%) in Q4 2024.
Full year 2025 gross margin was 49.9% (non-GAAP: 53.6%), up from 49.3% (non-GAAP: 53.3%) in 2024.
Q4 2025 operating expenses were $36.0 million, down 4% year-over-year; non-GAAP operating expenses were $27.8 million, down 1%.
Full year 2025 operating expenses were $152.8 million, down 11% year-over-year; non-GAAP operating expenses were $108.3 million, down 4%.
Adjusted EBITDA loss for Q4 2025 was $15.8 million, a 3% improvement year-over-year; full year adjusted EBITDA loss was $62.6 million, also a 3% improvement.
Outlook and guidance
Fiscal year 2026 revenue expected in the range of $80 million to $85 million, with seasonality similar to prior years.
Management targets positive adjusted EBITDA and adjusted cash flow exiting 2026.
Detail path to positive adjusted EBITDA in 2026
How to reverse declining revenue trends in 2026?
Outline M&A strategy using cash and NOLs
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Next Standard BioTools earnings date
Q1 20265 May, 2026
Standard BioTools
Next Standard BioTools earnings date
Q1 20265 May, 2026
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Frequently asked questions
Standard BioTools Inc. (formerly known as Fluidigm Corporation) is a life sciences technology company that provides advanced tools and systems for biological research. The company specializes in products for mass cytometry, genomics, and other high-throughput techniques that enable researchers to study cell behavior, gene expression, and protein interactions at the molecular level. Standard BioTools' solutions support research in areas such as cancer, immunology, and drug discovery. The company is headquartered in South San Francisco, California, and its shares are listed on the NASDAQ.
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