PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
PACB$2.24-5.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive Loss
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| Years Ended December 31, | |||
|---|---|---|---|
| (In thousands, except per share amounts) | 2025 | 2024 | 2023 |
| Revenue: | |||
| Product revenue | $135,758 | $136,149 | $183,872 |
| Service and other revenue | 24,247 | 17,865 | 16,649 |
| Total revenue | 160,005 | 154,014 | 200,521 |
| Cost of Revenue: | |||
| Cost of product revenue | 89,763 | 92,284 | 127,568 |
| Cost of service and other revenue | 15,390 | 14,057 | 14,754 |
| Amortization of acquired intangible assets | 4,894 | 9,393 | 1,983 |
| Loss on purchase commitment | 4,178 | 998 | 3,436 |
| Total cost of revenue | 114,225 | 116,732 | 147,741 |
| Gross profit | 45,780 | 37,282 | 52,780 |
| Operating Expense: | |||
| Research and development | 97,307 | 134,922 | 187,170 |
| Sales, general and administrative | 141,493 | 175,017 | 169,818 |
| Impairment charges | 15,000 | 184,500 | — |
| Merger-related expenses | — | — | 9,042 |
| Amortization of acquired intangible assets | 364,541 | 18,006 | 6,157 |
| Change in fair value of contingent consideration | (18,700) | (850) | 15,060 |
| Total operating expense | 599,641 | 511,595 | 387,247 |
| Operating loss | (553,861) | (474,313) | (334,467) |
| Loss on extinguishment of debt | — | — | (2,033) |
| Gain on debt restructuring | — | 154,407 | — |
| Interest expense | (6,954) | (13,412) | (14,343) |
| Other income, net | 14,757 | 23,783 | 32,684 |
| Loss before income taxes | (546,058) | (309,535) | (318,159) |
| Income tax provision (benefit) | 318 | 316 | (11,424) |
| Net loss | (546,376) | (309,851) | (306,735) |
| Other comprehensive income (loss): | |||
| Unrealized gain on investments | 35 | 203 | 4,984 |
| Comprehensive loss | $(546,341) | $(309,648) | $(301,751) |
| Net loss per share: | |||
| Basic | $(1.82) | $(1.13) | $(1.21) |
| Diluted | $(1.82) | $(1.59) | $(1.21) |
| Weighted average shares outstanding used in calculatingnet loss per share: | |||
| Basic | 299,959 | 274,488 | 253,629 |
| Diluted | 299,959 | 288,366 | 253,629 |
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