Beam Therapeutics Inc.
BEAM Nasdaq Biological Products, (No Diagnostic Substances) Financials FY2019–FY2025
Revenue
Total sales reported in the income statement.
$140M
120.0%
vs prior year
Operating margin
Operating income as a share of revenue.
−274.6%
379.7 pts
Net income
Profit after all expenses, interest and tax.
−$80.0M
Free cash flow
Cash from operations minus capital spending.
−$360M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On −$0.67 EPS (TTM)
What Beam Therapeutics Inc. does
No business description yet.
- Legal name
- Beam Therapeutics Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 24, 2026
- Accession · CIK
- 0001193125-26-065194
0001745999
Revenue and margins
Beam Therapeutics Inc. had $140M of revenue in fiscal 2025, up 120.0% on the year before.
FY19
Revenue $0.0M
FY20
Revenue $0.0M
FY21
Revenue $51.8M
FY22
Revenue $60.9M
FY23
Revenue $378M
FY24
Revenue $63.5M
FY25
Revenue $140M
Q3 '23
Revenue $17.2M
Q4 '23
Revenue $316M
Q1 '24
Revenue $7.4M
Q2 '24
Revenue $11.8M
Q3 '24
Revenue $14.3M
Q4 '24
Revenue $30.1M
Q1 '25
Revenue $7.5M
Q2 '25
Revenue $8.5M
Q3 '25
Revenue $9.7M
Q4 '25
Revenue $114M
Q1 '26
Revenue $31.7M
Q2 '26
Revenue $0.5M
FY19
Gross —
Operating −417,522.2%
Net −435,144.4%
FCF −469,561.1%
FY20
Gross —
Operating −553,166.7%
Net −810,800.0%
FCF −467,075.0%
FY21
Gross —
Operating −757.0%
Net −714.9%
FCF −218.1%
FY22
Gross —
Operating −555.6%
Net −474.5%
FCF −43.4%
FY23
Gross —
Operating −46.7%
Net −35.1%
FCF −48.4%
FY24
Gross —
Operating −654.3%
Net −593.1%
FCF −560.8%
FY25
Gross —
Operating −274.6%
Net −57.2%
FCF −257.7%
Gross
Operating
Net
FCF
Q3 '23
Gross —
Operating −629.7%
Net −558.9%
FCF −568.4%
Q4 '23
Gross —
Operating 42.0%
Net 45.2%
FCF 41.6%
Q1 '24
Gross —
Operating −1,405.3%
Net −1,331.6%
FCF −1,379.0%
Q2 '24
Gross —
Operating −891.1%
Net −773.5%
FCF −721.8%
Q3 '24
Gross —
Operating −746.4%
Net −677.5%
FCF −628.6%
Q4 '24
Gross —
Operating −332.7%
Net −300.5%
FCF −263.9%
Q1 '25
Gross —
Operating −1,596.9%
Net −1,450.2%
FCF −1,431.7%
Q2 '25
Gross —
Operating −1,419.2%
Net −1,206.4%
FCF −940.1%
Q3 '25
Gross —
Operating −1,307.6%
Net −1,162.4%
FCF −891.8%
Q4 '25
Gross —
Operating −15.3%
Net 214.1%
FCF −76.3%
Q1 '26
Gross —
Operating −337.8%
Net −297.2%
FCF −412.0%
Q2 '26
Gross —
Operating −25,827.1%
Net −25,036.3%
FCF −13,981.6%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY19
Net income −$78.3M
FY20
Net income −$195M
FY21
Net income −$371M
FY22
Net income −$289M
FY23
Net income −$133M
FY24
Net income −$377M
FY25
Net income −$80.0M
Q3 '23
Net income −$96.1M
Q4 '23
Net income $143M
Q1 '24
Net income −$98.7M
Q2 '24
Net income −$91.1M
Q3 '24
Net income −$96.7M
Q4 '24
Net income −$90.4M
Q1 '25
Net income −$108M
Q2 '25
Net income −$102M
Q3 '25
Net income −$113M
Q4 '25
Net income $244M
Q1 '26
Net income −$94.3M
Q2 '26
Net income −$123M
FY19
Diluted EPS −$14.05
FY20
Diluted EPS −$4.19
FY21
Diluted EPS −$5.77
FY22
Diluted EPS −$4.13
FY23
Diluted EPS −$1.72
FY24
Diluted EPS −$4.58
FY25
Diluted EPS −$0.81
Q3 '23
Diluted EPS −$1.22
Q4 '23
Diluted EPS $1.91
Q1 '24
Diluted EPS −$1.21
Q2 '24
Diluted EPS −$1.11
Q3 '24
Diluted EPS −$1.17
Q4 '24
Diluted EPS −$1.09
Q1 '25
Diluted EPS −$1.23
Q2 '25
Diluted EPS −$1.00
Q3 '25
Diluted EPS −$1.10
Q4 '25
Diluted EPS $2.52
Q1 '26
Diluted EPS −$0.91
Q2 '26
Diluted EPS −$1.18
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY19
Return on capital —
Return on equity —
Return on assets −50.2%
FY20
Return on capital —
Return on equity −875.4%
Return on assets −64.0%
FY21
Return on capital —
Return on equity −69.1%
Return on assets −38.5%
FY22
Return on capital —
Return on equity −37.1%
Return on assets −20.5%
FY23
Return on capital —
Return on equity −15.5%
Return on assets −9.5%
FY24
Return on capital —
Return on equity −43.9%
Return on assets −29.4%
FY25
Return on capital —
Return on equity −8.1%
Return on assets −6.2%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was −$360M in fiscal 2025, −257.7% of revenue. Cash from operations minus capital spending.
FY19
Free cash flow −$84.5M
FY20
Free cash flow −$112M
FY21
Free cash flow −$113M
FY22
Free cash flow −$26.4M
FY23
Free cash flow −$183M
FY24
Free cash flow −$356M
FY25
Free cash flow −$360M
Q3 '23
Free cash flow −$97.7M
Q4 '23
Free cash flow $131M
Q1 '24
Free cash flow −$102M
Q2 '24
Free cash flow −$85.0M
Q3 '24
Free cash flow −$89.7M
Q4 '24
Free cash flow −$79.3M
Q1 '25
Free cash flow −$107M
Q2 '25
Free cash flow −$79.6M
Q3 '25
Free cash flow −$86.5M
Q4 '25
Free cash flow −$87.0M
Q1 '26
Free cash flow −$131M
Q2 '26
Free cash flow −$68.5M
FY19
Cash from operations −$72.0M
Capital spending $12.5M
FY20
Cash from operations −$95.7M
Capital spending $16.4M
FY21
Cash from operations −$66.3M
Capital spending $46.8M
FY22
Cash from operations $22.5M
Capital spending $49.0M
FY23
Cash from operations −$149M
Capital spending $33.7M
FY24
Cash from operations −$347M
Capital spending $8.9M
FY25
Cash from operations −$345M
Capital spending $14.9M
Cash from operations
Capital spending
Q3 '23
Cash from operations −$89.8M
Capital spending $7.9M
Q4 '23
Cash from operations $135M
Capital spending $3.6M
Q1 '24
Cash from operations −$99.7M
Capital spending $2.4M
Q2 '24
Cash from operations −$83.0M
Capital spending $2.0M
Q3 '24
Cash from operations −$88.1M
Capital spending $1.6M
Q4 '24
Cash from operations −$76.4M
Capital spending $3.0M
Q1 '25
Cash from operations −$104M
Capital spending $3.1M
Q2 '25
Cash from operations −$76.5M
Capital spending $3.1M
Q3 '25
Cash from operations −$81.5M
Capital spending $5.0M
Q4 '25
Cash from operations −$83.3M
Capital spending $3.7M
Q1 '26
Cash from operations −$129M
Capital spending $2.2M
Q2 '26
Cash from operations −$66.1M
Capital spending $2.4M
Cash from operations
Capital spending
Dividends, buybacks and share count
Beam Therapeutics Inc. returned — to shareholders in fiscal 2025. The diluted share count rose 20.2%.
FY19
Dividends —
Buybacks —
FY20
Dividends —
Buybacks —
FY21
Dividends —
Buybacks —
FY22
Dividends —
Buybacks —
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
FY19
Diluted shares 0.01B
FY20
Diluted shares 0.05B
FY21
Diluted shares 0.06B
FY22
Diluted shares 0.07B
FY23
Diluted shares 0.08B
FY24
Diluted shares 0.08B
FY25
Diluted shares 0.10B
Balance sheet
Cash, debt and the ratios that show how comfortably Beam Therapeutics Inc. can carry it.
FY19
Cash $37.2M
Debt —
FY20
Cash $300M
Debt —
FY21
Cash $560M
Debt —
FY22
Cash $1.1B
Debt —
FY23
Cash $1.2B
Debt —
FY24
Cash $851M
Debt —
FY25
Cash $1.2B
Debt —
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $560M | $1.1B | $1.2B | $851M | $1.2B |
| Current ratio | 6.0x | 4.9x | 5.9x | 4.8x | 13.1x |
| Quick ratio | 6.0x | 4.9x | 5.9x | 4.8x | 13.1x |
| Total assets | $1.5B | $1.3B | $1.5B | $1.1B | $1.5B |
| Total liabilities | $648M | $608M | $478M | $370M | $243M |
| Shareholders' equity | $827M | $733M | $981M | $734M | $1.2B |
| Net debt (− = net cash) | — | — | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ |
| Return on assets rose | — | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ | ✕ |
| Debt fell relative to assets | — | — | — | — | — | — | — |
| Current ratio rose | — | ✕ | ✓ | ✕ | ✓ | ✕ | ✓ |
| Share count didn't rise | — | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Gross margin rose | — | — | — | — | — | — | — |
| Revenue rose relative to assets | — | ✕ | ✓ | ✓ | ✓ | ✕ | ✓ |
| F-score | — / 3 | 2 / 7 | 4 / 7 | 4 / 7 | 3 / 7 | 1 / 7 | 3 / 7 |
| Accruals ratio | −4.1% | −32.5% | −31.6% | −22.1% | 1.2% | −2.3% | 20.5% |
| Altman Z'' | −8.56 | −0.60 | 2.57 | 1.25 | 3.20 | −0.94 | 5.19 |
7 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $0.0M | $0.0M | $51.8M | $60.9M | $378M | $63.5M | $140M |
| Research and development | $54.6M | $103M | $387M | $312M | $437M | $368M | $410M |
| Operating income | −$75.2M | −$133M | −$392M | −$338M | −$176M | −$416M | −$384M |
| Pretax income | — | −$195M | −$371M | −$260M | −$131M | −$377M | −$80.0M |
| Income tax | $0.0M | $0.0M | $0.0M | $3.4M | $1.4M | $0.0M | $0.0M |
| Net income | −$78.3M | −$195M | −$371M | −$289M | −$133M | −$377M | −$80.0M |
| Net income to common | −$91.0M | −$196M | −$371M | −$289M | −$133M | −$377M | −$80.0M |
| Diluted EPS | −$14.05 | −$4.19 | −$5.77 | −$4.13 | −$1.72 | −$4.58 | −$0.81 |
| Diluted shares | 0.01B | 0.05B | 0.06B | 0.07B | 0.08B | 0.08B | 0.10B |
| Cash flow | |||||||
| Cash from operations | −$72.0M | −$95.7M | −$66.3M | $22.5M | −$149M | −$347M | −$345M |
| Capital expenditure | $12.5M | $16.4M | $46.8M | $49.0M | $33.7M | $8.9M | $14.9M |
| Free cash flow | −$84.5M | −$112M | −$113M | −$26.4M | −$183M | −$356M | −$360M |
| Depreciation and amortization | $3.5M | $4.7M | $7.5M | $14.1M | $20.0M | $21.9M | $22.3M |
| Stock-based compensation | $7.0M | $15.4M | $43.6M | $84.3M | $98.6M | $121M | $94.2M |
| Acquisitions | — | — | — | — | $0.0M | $0.0M | $0.1M |
| Balance sheet | |||||||
| Cash and short-term investments | $37.2M | $300M | $560M | $1.1B | $1.2B | $851M | $1.2B |
| Finance lease liabilities | — | — | — | $3.0M | — | — | — |
| Current assets | $94.5M | $308M | $1.3B | $1.1B | $1.2B | $878M | $1.3B |
| Current liabilities | $29.1M | $102M | $213M | $224M | $206M | $182M | $96.9M |
| Property and equipment, net | $24.3M | $38.5M | $84.3M | $116M | $125M | $111M | $105M |
| Total assets | $156M | $452M | $1.5B | $1.3B | $1.5B | $1.1B | $1.5B |
| Total liabilities | $55.2M | $206M | $648M | $608M | $478M | $370M | $243M |
| Shareholders' equity | −$201M | $246M | $827M | $733M | $981M | $734M | $1.2B |
| Margins | |||||||
| Operating margin | −417,522.2% | −553,166.7% | −757.0% | −555.6% | −46.7% | −654.3% | −274.6% |
| EBITDA margin | −398,061.1% | −533,437.5% | −742.6% | −532.4% | −41.4% | −619.7% | −258.6% |
| Net margin | −435,144.4% | −810,800.0% | −714.9% | −474.5% | −35.1% | −593.1% | −57.2% |
| FCF margin | −469,561.1% | −467,075.0% | −218.1% | −43.4% | −48.4% | −560.8% | −257.7% |
| Returns | |||||||
| Return on capital employed | −59.2% | −38.0% | −31.1% | −30.3% | −14.1% | −45.1% | −27.7% |
| Return on equity | — | −875.4% | −69.1% | −37.1% | −15.5% | −43.9% | −8.1% |
| Return on assets | −50.2% | −64.0% | −38.5% | −20.5% | −9.5% | −29.4% | −6.2% |
| Return on tangible equity | — | −79.8% | −44.8% | −39.4% | −13.5% | −51.4% | −6.5% |
| Growth | |||||||
| Revenue growth | — | 33.3% | 215,916.7% | 17.5% | 520.0% | −83.2% | 120.0% |
| Share count change | — | 621.2% | 37.4% | 9.0% | 10.2% | 6.7% | 20.2% |
| Financial health | |||||||
| Current ratio | 3.2x | 3.0x | 6.0x | 4.9x | 5.9x | 4.8x | 13.1x |
| Quick ratio | 3.2x | 3.0x | 6.0x | 4.9x | 5.9x | 4.8x | 13.1x |
| Capital allocation | |||||||
| Capex / revenue | 69,544.4% | 68,154.2% | 90.3% | 80.4% | 8.9% | 14.1% | 10.7% |
| Stock comp / revenue | 39,044.4% | 64,083.3% | 84.0% | 138.4% | 26.1% | 190.0% | 67.4% |
| Quality scores | |||||||
| Piotroski F-score | — | 2.0 | 4.0 | 4.0 | 3.0 | 1.0 | 3.0 |
| Altman Z'' | −8.6 | −0.6 | 2.6 | 1.3 | 3.2 | −0.9 | 5.2 |
| Accruals ratio | −4.1% | −32.5% | −31.6% | −22.1% | 1.2% | −2.3% | 20.5% |
Source: SEC EDGAR XBRL filings (CIK 0001745999). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.