TXG Nasdaq Laboratory Analytical Instruments Financials FY2017βFY2025
10x Genomics, Inc. had $643M of revenue in fiscal 2025, up 5.2% on the year before. Over five years, revenue changed +16.6% a year on average.
Last close Β· Oct 23, 2026
$71.55
2.6%Hi! I read 10x Genomics, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+5.2%
Yes. Sales grew 5.2% last year.
Does it make a profit?
β6.8%
No. It lost money last year.
Does profit turn into cash?
20.2%
Yes. 20.2% of sales ends up as free cash.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days 10x Genomics, Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 5, 2026
Thursday Β· in 10 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 6, 2026 | Q2 '26 | After the market closes | 8-K β |
| May 7, 2026 | Q1 '26 | After the market closes | 8-K β |
| Jan 11, 2026 | Q4 '25 | Time not announced | 8-K β |
| Nov 6, 2025 | Q3 '25 | After the market closes | 8-K β |
| Aug 7, 2025 | Q2 '25 | After the market closes | 8-K β |
| May 6, 2025 | Q1 '25 | Time not announced | 8-K β |
| Jan 12, 2025 | Q4 '24 | Time not announced | 8-K β |
| Oct 9, 2024 | Q3 '24 | After the market closes | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· 10x Genomics, Inc. had $643M of revenue in fiscal 2025, up 5.2% on the year before. Over five years, revenue changed +16.6% a year on average. Its operating margin was β9.5%, up 22.4Β pts: of every 100 in sales, about β9 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· 10x Genomics, Inc. lost $43.5M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $130M in fiscal 2025, 20.2% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably 10x Genomics, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $587M | $430M | $389M | $393M | $523M |
| Interest coverage | β60.3x | β352.8x | β8,040.3x | β48,639.8x | β |
| Current ratio | 6.8x | 4.8x | 4.7x | 5.0x | 4.5x |
| Quick ratio | 6.2x | 4.2x | 4.1x | 4.3x | 4.1x |
| Total assets | $1.0B | $1.0B | $965M | $919M | $1.0B |
| Total liabilities | $201M | $223M | $224M | $209M | $245M |
| Shareholders' equity | $818M | $806M | $741M | $710M | $796M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· 10x Genomics, Inc. passes 4 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 5 / 9 | 3 / 9 | 5 / 8 | 2 / 8 | 2 / 8 | 6 / 8 | 4 / 8 |
| Accruals ratio | β | β29.0% | β18.0% | β42.3% | β3.8% | β12.9% | β24.1% | β20.1% | β18.3% |
| Altman Z'' | β | β10.44 | 5.15 | 2.02 | 5.26 | 2.65 | 0.47 | 0.28 | 1.63 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | $71.1M | $146M | $246M | $299M | $490M | $516M | $619M | $611M | $643M |
| Gross profit | $60.5M | $118M | $185M | $240M | $416M | $396M | $409M | $414M | $444M |
| Research and development | $32.2M | $47.5M | $83.1M | $123M | $212M | $266M | $270M | $265M | $239M |
| Operating income | β$18.4M | β$111M | β$30.6M | β$534M | β$52.3M | β$168M | β$265M | β$195M | β$61.0M |
| Interest expense | $0.8M | $2.4M | $3.1M | $1.7M | $0.9M | $0.5M | $0.0M | $0.0M | $0.0M |
| Pretax income | β$18.7M | β$112M | β$31.0M | β$534M | β$53.7M | β$162M | β$249M | β$178M | β$39.9M |
| Income tax | $0.0M | $0.1M | $0.2M | $8.3M | $4.5M | $4.0M | $6.3M | $4.9M | $3.6M |
| Net income | β$18.8M | β$112M | β$31.3M | β$543M | β$58.2M | β$166M | β$255M | β$183M | β$43.5M |
| Diluted EPS | β$1.62 | β$8.40 | β$0.80 | β$5.37 | β$0.53 | β$1.46 | β$2.18 | β$1.52 | β$0.35 |
| Diluted shares | 0.01B | 0.01B | 0.04B | 0.10B | 0.11B | 0.11B | 0.12B | 0.12B | 0.12B |
| Cash flow | |||||||||
| Cash from operations | β$10.7M | β$76.4M | $34.6M | β$218M | β$21.4M | β$33.6M | β$15.2M | $6.7M | $136M |
| Capital expenditure | $3.8M | $6.3M | $42.7M | $36.7M | $101M | $132M | $48.6M | $12.4M | $5.9M |
| Free cash flow | β$14.5M | β$82.7M | β$8.1M | β$255M | β$123M | β$165M | β$63.8M | β$5.7M | $130M |
| Depreciation and amortization | $4.3M | $3.9M | $7.1M | $14.0M | $21.1M | $25.4M | $35.5M | $35.9M | $36.2M |
| Stock-based compensation | $1.7M | $2.7M | $13.3M | $48.6M | $96.0M | $137M | $167M | $141M | $109M |
| Acquisitions | β | β | $0.0M | $0.0M | $5.5M | $4.0M | $0.0M | $0.0M | β |
| Share buybacks | $0.1M | β | β | β | β | β | β | β | β |
| Dividends and buybacks | $0.1M | β | β | β | β | β | β | β | β |
| Balance sheet | |||||||||
| Cash and short-term investments | $47.9M | $65.1M | $424M | $664M | $587M | $430M | $389M | $393M | $523M |
| Total debt | β | $29.7M | $29.7M | $0.0M | β | β | β | β | β |
| Current assets | β | $106M | $481M | $774M | $748M | $635M | $596M | $584M | $684M |
| Current liabilities | β | $32.4M | $63.0M | $118M | $110M | $131M | $127M | $118M | $153M |
| Inventory | β | $8.6M | $15.3M | $30.0M | $60.0M | $81.6M | $73.7M | $83.1M | $56.3M |
| Property and equipment, net | β | $11.1M | $48.8M | $72.8M | $169M | $289M | $280M | $253M | $227M |
| Goodwill | β | β | β | $0.0M | $4.5M | $4.5M | $4.5M | $4.5M | $4.5M |
| Intangible assets | β | $0.6M | $22.4M | $22.4M | $25.4M | $22.9M | $16.6M | $15.7M | $62.3M |
| Total assets | β | $124M | $606M | $929M | $1.0B | $1.0B | $965M | $919M | $1.0B |
| Total liabilities | β | $101M | $186M | $190M | $201M | $223M | $224M | $209M | $245M |
| Preferred stock | β | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$113M | β$220M | $420M | $739M | $818M | $806M | $741M | $710M | $796M |
| Margins | |||||||||
| Gross margin | 85.1% | 80.4% | 75.2% | 80.4% | 84.9% | 76.7% | 66.2% | 67.9% | 69.1% |
| Operating margin | β25.8% | β75.7% | β12.4% | β178.7% | β10.7% | β32.5% | β42.9% | β31.9% | β9.5% |
| EBITDA margin | β19.8% | β73.0% | β9.6% | β174.0% | β6.3% | β27.6% | β37.1% | β26.0% | β3.9% |
| Net margin | β26.4% | β76.9% | β12.7% | β181.6% | β11.9% | β32.1% | β41.2% | β29.9% | β6.8% |
| FCF margin | β20.3% | β56.5% | β3.3% | β85.2% | β25.0% | β32.0% | β10.3% | β0.9% | 20.2% |
| Returns | |||||||||
| Return on capital | β | β | β94.2% | β559.1% | β | β | β | β | β |
| Return on capital employed | β | β120.5% | β5.6% | β65.8% | β5.8% | β18.7% | β31.7% | β24.3% | β6.9% |
| Return on equity | β | β | β31.2% | β93.6% | β7.5% | β20.5% | β33.0% | β25.2% | β5.8% |
| Return on assets | β | β90.5% | β8.6% | β70.7% | β6.0% | β16.2% | β25.6% | β19.4% | β4.4% |
| Return on tangible equity | β | β | β7.9% | β75.7% | β7.4% | β21.3% | β35.4% | β26.5% | β6.0% |
| Growth | |||||||||
| Revenue growth | β | 105.8% | 68.1% | 21.5% | 64.1% | 5.3% | 19.8% | β1.3% | 5.2% |
| Share count change | β | 15.6% | 191.9% | 158.8% | 9.1% | 3.2% | 2.9% | 2.8% | 3.6% |
| Financial health | |||||||||
| Debt / equity | β | β | 0.1x | 0.0x | β | β | β | β | β |
| Interest coverage | β22.7x | β46.0x | β9.9x | β317.6x | β60.3x | β352.8x | β8,040.3x | β48,639.8x | β |
| Current ratio | β | 3.3x | 7.6x | 6.6x | 6.8x | 4.8x | 4.7x | 5.0x | 4.5x |
| Quick ratio | β | 3.0x | 7.4x | 6.3x | 6.2x | 4.2x | 4.1x | 4.3x | 4.1x |
| Capital allocation | |||||||||
| Capex / revenue | 5.3% | 4.3% | 17.4% | 12.3% | 20.6% | 25.5% | 7.9% | 2.0% | 0.9% |
| Stock comp / revenue | 2.3% | 1.8% | 5.4% | 16.3% | 19.6% | 26.5% | 27.0% | 23.0% | 17.0% |
| Quality scores | |||||||||
| Piotroski F-score | β | β | 5.0 | 3.0 | 5.0 | 2.0 | 2.0 | 6.0 | 4.0 |
| Altman Z'' | β | β10.4 | 5.1 | 2.0 | 5.3 | 2.6 | 0.5 | 0.3 | 1.6 |
| Accruals ratio | β | β29.0% | β18.0% | β42.3% | β3.8% | β12.9% | β24.1% | β20.1% | β18.3% |
Source: SEC EDGAR XBRL filings (CIK 0001770787). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
