PACB - Pacific Biosciences of California, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$1.00
DETAILS
HIGH:
$1.00
LOW:
$1.00
MEDIAN:
$1.00
CONSENSUS:
$1.00
DOWNSIDE:
18.03%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||
| Revenue | 160.0 | 154.0 | 200.5 | 128.3 | 130.5 | 78.9 | 90.9 | 78.6 | 93.5 | 90.7 | 92.8 | 60.6 | 28.2 | 26.0 | 33.9 | 1.7 | 0.1 | 0.9 | 2.2 |
| Cost of Revenue | 109.3 | 116.7 | 147.7 | 79.3 | 71.7 | 46.3 | 56.3 | 53.5 | 58.8 | 46.6 | 39.3 | 37.2 | 21.8 | 25.0 | 20.8 | 0 | 0 | 0 | 0 |
| Gross Profit | 50.7 | 37.3 | 52.8 | 49.0 | 58.9 | 32.6 | 34.6 | 25.1 | 34.7 | 44.2 | 53.5 | 23.4 | 6.4 | 0.9 | 13.0 | 1.7 | 0.1 | 0.9 | 2.2 |
| Operating Expenses | |||||||||||||||||||
| R&D Expenses | 97.3 | 134.9 | 187.2 | 193 | 112.9 | 64.2 | 59.6 | 62.6 | 65.3 | 67.6 | 60.4 | 48.2 | 45.2 | 47.6 | 76.1 | 111.8 | 75.9 | 38.0 | 19.2 |
| SG&A Expenses | 141.5 | 175.0 | 169.8 | 160.9 | 124.1 | 72.8 | 75.5 | 63.5 | 59.1 | 47.8 | 45.2 | 38.0 | 38.7 | 47.7 | 46.7 | 30.1 | 12.3 | 7.7 | 6.3 |
| Other Expenses | 369.4 | 201.7 | 30.3 | 2.4 | 32.3 | 0 | 0 | 0.8 | 0.5 | 0.1 | 0.4 | (0.5) | 0.7 | (0.1) | 0 | (0.1) | (0.1) | (0.1) | (0.1) |
| Operating Expenses | 608.2 | 511.6 | 387.2 | 356.2 | 269.3 | 137.0 | 135.1 | 126.1 | 124.4 | 115.4 | 105.6 | 86.3 | 84.0 | 95.3 | 122.8 | 141.9 | 88.2 | 45.7 | 25.6 |
| Operating Income | |||||||||||||||||||
| Operating Income | (557.6) | (474.3) | (334.5) | (307.2) | (210.4) | (104.4) | (100.5) | (101.0) | (89.8) | (71.2) | (29.1) | (62.9) | (77.5) | (94.3) | (109.8) | (140.2) | (88.1) | (44.8) | (23.4) |
| Interest Expense | 7.0 | 13.4 | 14.3 | 14.7 | 12.5 | 0.3 | 2.6 | 2.4 | 2.9 | 3.2 | 2.9 | 2.8 | 2.5 | 0.3 | 0.3 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.5 | 1.2 | 1.9 |
| Profitability | |||||||||||||||||||
| EBITDA | (34.2) | (242.8) | (271.1) | (282.2) | (250.8) | 39.0 | (71.6) | (92.9) | (80.8) | (67.3) | (25.1) | (59.1) | (71.2) | (87.5) | (103.3) | (135.0) | (84.0) | (41.8) | (21.8) |
| EBIT | (539.1) | (296.1) | (303.8) | (299.6) | (262.3) | 29.7 | (81.5) | (100.1) | (89.3) | (71.1) | (28.8) | (63.3) | (76.8) | (94.2) | (109.1) | (140.2) | (88.1) | (44.8) | (23.4) |
| Income Before Tax | (546.1) | (309.5) | (318.2) | (314.2) | (274.9) | 29.4 | (84.1) | (102.6) | (92.2) | (74.4) | (31.7) | (66.2) | (79.3) | (94.5) | (109.4) | (140.2) | (87.7) | (43.8) | (21.5) |
| Income Tax Expense | 0.3 | 0.3 | (11.4) | 0 | (93.6) | 0 | 0 | 0.8 | 0 | 0 | 0 | 0 | 0 | 0 | (0.4) | (0.2) | (0.5) | 0 | 0 |
| Net Income | (546.4) | (309.9) | (306.7) | (314.2) | (181.2) | 29.4 | (84.1) | (102.6) | (92.2) | (74.4) | (31.7) | (66.2) | (79.3) | (94.5) | (109.4) | (140.2) | (87.7) | (43.8) | (21.5) |
| Per Share Data | |||||||||||||||||||
| EPS (Basic) | -1.82 | -1.13 | -1.21 | -1.40 | -0.89 | 0.18 | -0.51 | -0.76 | -0.87 | -0.83 | -0.42 | -0.94 | -1.26 | -1.69 | -2.03 | -5.21 | -113.33 | -56.54 | -27.81 |
| EPS (Diluted) | -1.82 | -1.07 | -1.21 | -1.40 | -0.89 | 0.17 | -0.51 | -0.76 | -0.87 | -0.83 | -0.42 | -0.94 | -1.26 | -1.69 | -2.03 | -5.21 | -113.33 | -56.54 | -27.81 |
| Shares Outstanding | 300.0 | 274.5 | 253.6 | 224.6 | 203.6 | 165.2 | 152.5 | 134.9 | 105.7 | 89.1 | 75.6 | 70.5 | 62.8 | 55.7 | 53.9 | 26.9 | 0.8 | 0.8 | 0.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 63.7 | 55.4 | 179.9 | 325.1 | 460.7 | 81.6 | 29.6 | 18.8 | 62.9 | 16.8 | 89.2 | 78.5 |
| Short-Term Investments | 215.8 | 334.6 | 451.5 | 447.2 | 583.7 | 237.2 | 19.5 | 83.5 | 0 | 55.2 | 3.5 | 27.6 |
| Net Receivables | 35.4 | 27.5 | 36.6 | 18.8 | 24.2 | 16.8 | 15.3 | 8.6 | 13.4 | 16.4 | 0 | 0 |
| Inventory | 49.3 | 58.8 | 56.7 | 50.4 | 24.6 | 14.2 | 13.3 | 17.9 | 23.1 | 15.6 | 0 | 0 |
| Other Current Assets | 10.8 | 19.5 | 17.3 | 0.3 | 0.5 | 0.8 | 0.3 | 0 | 0 | 0.5 | 0 | 0 |
| Total Current Assets | 375.0 | 495.7 | 742.0 | 852.1 | 1,101.1 | 355.6 | 81.0 | 131.7 | 101.6 | 109.0 | 93.7 | 106.9 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 65.8 | 46.6 | 69.0 | 81.3 | 79.1 | 54.9 | 62.9 | 34.1 | 37.9 | 14.6 | 7.1 | 6.0 |
| Goodwill | 317.8 | 317.8 | 462.3 | 410.0 | 410.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 15.1 | 389.6 | 457.0 | 410.2 | 411.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.5 | 0 | 0 | 0 | 0 | 0 | 0 | 4.5 | 4.5 | 4.5 | 0 | 0 |
| Other Non-Current Assets | 8.8 | 10.8 | 15.7 | 13.4 | 5.8 | 3.5 | 4.0 | 0.0 | 0.0 | 9.8 | 0.2 | 0.2 |
| Total Non-Current Assets | 409.1 | 764.8 | 1,004.0 | 915.0 | 905.8 | 58.4 | 66.9 | 38.6 | 42.5 | 28.9 | 7.4 | 6.2 |
| Total Assets | 784.1 | 1,260.4 | 1,746.0 | 1,767.1 | 2,007.0 | 414.0 | 148.0 | 170.3 | 144.1 | 137.9 | 101.1 | 113.1 |
| Current Liabilities | ||||||||||||
| Account Payables | 20.8 | 16.6 | 15.1 | 12.0 | 11.0 | 3.6 | 8.4 | 6.7 | 9.1 | 8.4 | 5.8 | 1.8 |
| Short-Term Debt | 0.4 | 0 | 0.5 | 1.8 | 1.6 | 0 | 15.9 | 0 | 0 | 0 | 0 | 1.3 |
| Deferred Revenue | 0 | 13.9 | 16.3 | 30.5 | 11.0 | 8.7 | 7.6 | 6.5 | 6.3 | 7.1 | 0 | 1.1 |
| Other Current Liabilities | 32.8 | 3.2 | 7.8 | 175.5 | 4.2 | 4.5 | 0.2 | 5.1 | 5.7 | 9.7 | 0 | 0 |
| Total Current Liabilities | 54.4 | 66.3 | 95.0 | 263.3 | 71.7 | 38.5 | 49.2 | 20.3 | 22.3 | 33.8 | 8.4 | 4.7 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 702.4 | 647.5 | 892.2 | 896.7 | 896.1 | 0 | 0 | 14.7 | 13.6 | 16.1 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | (25.0) | 0 | 0 | 0 | 0 | 0.4 | 0 | 0 |
| Other Non-Current Liabilities | (55.0) | 19.2 | 20.3 | 1.3 | 198.2 | 0.8 | 0 | 13.8 | 14.6 | 2.0 | 269.8 | 201.8 |
| Total Non-Current Liabilities | 724.3 | 687.6 | 949.7 | 940.8 | 1,144.3 | 40.0 | 43.9 | 35.9 | 35.7 | 19.4 | 269.8 | 201.8 |
| Total Liabilities | 778.7 | 753.9 | 1,044.7 | 1,204.2 | 1,216.0 | 78.5 | 93.1 | 56.2 | 58.0 | 53.2 | 278.2 | 206.5 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0 | 0 |
| Retained Earnings | (2,695.3) | (2,148.9) | (1,839.1) | (1,532.3) | (1,218.1) | (1,036.9) | (1,066.2) | (982.1) | (879.7) | (787.5) | (192.0) | (104.3) |
| Accumulated Other Comprehensive Income | 0.5 | 0.4 | 0.2 | (4.8) | (1.1) | 0.1 | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 |
| Total Stockholders' Equity | 5.3 | 506.6 | 701.3 | 562.9 | 791.0 | 335.5 | 54.9 | 114.1 | 86.1 | 84.7 | (177.1) | (93.4) |
| Total Liabilities & Equity | 784.1 | 1,260.4 | 1,746.0 | 1,767.1 | 2,007.0 | 414.0 | 148.0 | 170.3 | 144.1 | 137.9 | 101.1 | 113.1 |
| Debt Metrics | ||||||||||||
| Total Debt | 759.5 | 672.4 | 933.9 | 948.5 | 955.4 | 42.0 | 61.7 | 14.7 | 13.6 | 16.1 | 0 | 1.3 |
| Net Debt | 695.8 | 617.1 | 754.0 | 623.4 | 494.6 | (39.6) | 32.0 | (4.2) | (49.2) | (0.7) | (89.2) | (77.2) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (546.4) | (309.9) | (306.7) | (314.2) | (181.2) | 29.4 | (84.1) | (102.6) | (92.2) | (74.4) |
| Depreciation & Amortization | 0 | 53.3 | 32.7 | 17.3 | 11.6 | 9.3 | 9.9 | 7.2 | 8.4 | 3.9 |
| Stock-Based Compensation | 0 | 0 | 0 | 78.6 | 80.7 | 17.5 | 16.4 | 23.2 | 20.4 | 19.6 |
| Change in Working Capital | 4.4 | (40.6) | (59.0) | (54.0) | 21.0 | (2.8) | (3.0) | 5.7 | (6.0) | (18.0) |
| Other Non-Cash Items | 430.7 | 91.2 | 77.9 | 9.1 | 50.4 | (33.9) | (16.8) | 1.0 | 1.2 | 1.0 |
| Operating Cash Flow | (111.2) | (206.1) | (266.5) | (263.2) | (111.2) | 19.5 | (78.3) | (66.4) | (67.5) | (67.9) |
| Investing Activities | ||||||||||
| Capital Expenditure | (2.7) | (6.2) | (8.8) | (16.9) | (5.9) | (1.0) | (2.8) | (1.9) | (10.4) | (8.2) |
| Acquisitions | 0 | 0 | (0.1) | 0.2 | (319.8) | 0 | (64.9) | 0 | 0.0 | 0.0 |
| Purchases of Investments | (216.9) | (498.6) | (756.6) | (442.8) | (988.0) | (373.3) | (57.7) | (122.2) | (86.3) | (95.8) |
| Sales/Maturities of Investments | 340.1 | 628.8 | 770.1 | 575.8 | 635.2 | 155 | 122.6 | 85.6 | 95.2 | 89.2 |
| Other Investing Activities | (5) | 0 | 0 | (0.2) | 0 | 0 | 64.9 | (36.6) | 0.0 | 0.0 |
| Investing Cash Flow | 115.4 | 124.0 | 4.6 | 116.1 | (678.5) | (219.3) | 62.0 | (38.4) | (1.5) | (14.9) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | (50.7) | (1.8) | (1.6) | 895.2 | (16) | 0 | 0 | (4.5) | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | (86.4) | 0 | (20.4) | 80.4 | 18 | 9.7 | 8.9 | 7.7 |
| Financing Cash Flow | 3.4 | (43.0) | 116.3 | 9.6 | 1,169.6 | 251.8 | 26.5 | 107.2 | 68.8 | 65.9 |
| Cash Position | ||||||||||
| Net Change in Cash | 7.7 | (124.2) | (145.2) | (137.5) | 379.9 | 52.0 | 10.3 | 2.3 | (0.3) | (16.9) |
| Cash at Beginning | 56.1 | 180.2 | 325.4 | 465.8 | 85.9 | 33.9 | 23.3 | 21.0 | 16.8 | 33.6 |
| Cash at End | 63.7 | 56.1 | 180.2 | 328.3 | 465.8 | 85.9 | 33.6 | 23.3 | 16.5 | 16.8 |
| Free Cash Flow | (113.9) | (212.2) | (275.4) | (280.1) | (117.1) | 18.5 | (81.1) | (68.3) | (78.0) | (76.1) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||
| Revenue | 160.0 | 154.0 | 200.5 | 128.3 | 130.5 | 78.9 | 90.9 | 78.6 | 93.5 | 90.7 | 92.8 | 60.6 | 28.2 | 26.0 | 33.9 | 1.7 | 0.1 | 0.9 | 2.2 |
| Gross Profit | 50.7 | 37.3 | 52.8 | 49.0 | 58.9 | 32.6 | 34.6 | 25.1 | 34.7 | 44.2 | 53.5 | 23.4 | 6.4 | 0.9 | 13.0 | 1.7 | 0.1 | 0.9 | 2.2 |
| Operating Income | (557.6) | (474.3) | (334.5) | (307.2) | (210.4) | (104.4) | (100.5) | (101.0) | (89.8) | (71.2) | (29.1) | (62.9) | (77.5) | (94.3) | (109.8) | (140.2) | (88.1) | (44.8) | (23.4) |
| Net Income | (546.4) | (309.9) | (306.7) | (314.2) | (181.2) | 29.4 | (84.1) | (102.6) | (92.2) | (74.4) | (31.7) | (66.2) | (79.3) | (94.5) | (109.4) | (140.2) | (87.7) | (43.8) | (21.5) |
| EPS (Diluted) | -1.82 | -1.07 | -1.21 | -1.40 | -0.89 | 0.17 | -0.51 | -0.76 | -0.87 | -0.83 | -0.42 | -0.94 | -1.26 | -1.69 | -2.03 | -5.21 | -113.33 | -56.54 | -27.81 |
| Balance Sheet | |||||||||||||||||||
| Cash & Equivalents | 63.7 | 55.4 | 179.9 | 325.1 | 460.7 | 81.6 | 29.6 | 18.8 | 62.9 | 16.8 | 89.2 | 78.5 | |||||||
| Total Assets | 784.1 | 1,260.4 | 1,746.0 | 1,767.1 | 2,007.0 | 414.0 | 148.0 | 170.3 | 144.1 | 137.9 | 101.1 | 113.1 | |||||||
| Total Debt | 759.5 | 672.4 | 933.9 | 948.5 | 955.4 | 42.0 | 61.7 | 14.7 | 13.6 | 16.1 | 0 | 1.3 | |||||||
| Stockholders' Equity | 5.3 | 506.6 | 701.3 | 562.9 | 791.0 | 335.5 | 54.9 | 114.1 | 86.1 | 84.7 | (177.1) | (93.4) | |||||||
| Cash Flow | |||||||||||||||||||
| Operating Cash Flow | (111.2) | (206.1) | (266.5) | (263.2) | (111.2) | 19.5 | (78.3) | (66.4) | (67.5) | (67.9) | |||||||||
| Capital Expenditure | (2.7) | (6.2) | (8.8) | (16.9) | (5.9) | (1.0) | (2.8) | (1.9) | (10.4) | (8.2) | |||||||||
| Free Cash Flow | (113.9) | (212.2) | (275.4) | (280.1) | (117.1) | 18.5 | (81.1) | (68.3) | (78.0) | (76.1) | |||||||||