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Financial statements

CRISPR Therapeutics AG financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CRISPR Therapeutics AG files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue5.16413.122900.729151.237137.33.51
Research and development42.269.8114179221341462387310285
General and administrative31.135.848.363.585.799.710276.27373.5
Operating expenses73.3106162243355541674594504668
Operating income-68.1-64.6-15946.7-354374-673-223-467-665
Interest income23.376.4104
Other non-operating income45.4-1.96-5.4920.66.38622.771.810486.6
Pre-tax income-22.7-66.6-16467.3-348380-651-151-363-578
Income tax0.481.750.550.450.811.87-0.332.893.593.63
Net income to minority interests-0.03
Net income-23.2-68.4-16566.9-349378-650-154-366-582
EBITDA-67.2-61.6-15551.5-345391-649-203-447-645
EPS, basic-1.89-1.71-3.441.23-5.294.97-8.36-1.94-4.34-6.47
EPS, diluted-1.89-1.71-3.441.17-5.294.70-8.36-1.94-4.34-6.47
Shares, basic (weighted)12.340.14854.465.975.977.779.284.489.9
Shares, diluted (weighted)12.340.14856.965.980.477.779.284.489.9

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents3162404579441,169923212389298348
Short-term investments05221,4561,6031,3041,6061,628
Receivables3.162.630.090.10.140.310200250
Other current assets1.5169.6643.726.138.137.714.48.319.84
Total current assets3202484669881,7172,4181,8531,9081,9371,986
Property, plant and equipment2118.918.531.342.2138164152134116
Lease right-of-use assets41.550.9174157154143132
Intangible assets0.40.340.290.240.180.130.070.020
Long-term investments053.11.9700
Other non-current assets0.20.610.671.11.295.294.641.9815.824.4
Total assets3452714891,0671,8282,7522,2432,2302,2422,265
Accounts payable4.571.645.075.949.0914.827.438.114.711.1
Accrued liabilities16.311.420.930.253.89177.745.341.189.4
Deferred revenue0.10.962.341.0104.113.8515.8
Total current liabilities2214.527.757.194.312012110987.8149
Lease liabilities44.150.1213228223206188
Other non-current liabilities0.190.310.2414.47.637.345.970.963.446.14
Total liabilities11283.596.8127164352368347310343
Total debt0
Paid-in capital2893126821,1622,2362,5982,7352,8783,2943,862
Retained earnings-57.1-125-292-225-574-196-846-1,000-1,366-1,948
Treasury stock00-0.06-0.06-0.06-0.06-0.06-0.06-0.06-0.06
Other comprehensive income-0.030.01-0.010.01-0.08-5.07-15.61.911.844.82
Shareholders' equity2331883929391,6642,3991,8751,8831,9321,922
Total equity2331883929391,6642,3991,8751,8831,9321,922
Total liabilities and equity3452714891,0671,8282,7522,2432,2302,2422,265
Shares outstanding39.740.651.960.873.97778.58085.795.9

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-23.2-68.4-16566.9-349378-650-154-366-582
Depreciation and amortization0.933.023.524.739.181824.219.819.319.5
Stock-based compensation10.818.93544.16610297.98186.672.5
Deferred income tax-0.140.180.01-0.030.411.75-1.01-0.42-0.480.92
Change in receivables-2.820.532.54-0.01-0.05-0.160.31-20017525
Change in payables3.86-0.8312.15.0325.737.55.16-20.2-27.344.9
Cash from operations-52.9-70.1-96.256.7-238539-496-260-143-345
Capital expenditures-3.02-7.81-2.77-6.68-18.4-81.7-37.2-9.47-1.9-0.91
Purchases of investments-0.5-594-1,509-1,418-1,066-1,463-1,008
Sales and maturities of investments71.25561,1961,4531,2081,011
Cash from investing31.9-8.31-2.771.33-541-1,035-259375-280-31.8
Stock issued89.103074159822130.9732.7301398
Share buybacks-0.06
Cash from financing1832.613164311,01625138.662.7332426
Net change in cash162-75.8217489237-246-716177-91.349.3
Free cash flow-55.9-77.9-9950-257457-533-270-145-346
Income taxes paid2.99

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $54.23 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-3,990.0%Operating income / revenue.
EBITDA margin-3,851.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-3,346.0%Pre-tax income / revenue.
Net margin-3,369.0%Net income / revenue.
FCF margin-2,773.0%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-2,760.0%Cash from operations / revenue.
Return on equity (ROE)-25.8%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-17.0%Net income / average total assets.
Return on invested capital (ROIC)-20.7%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue2,077.0%Research and development expense / revenue.
Stock-based pay / revenue510.2%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue13.0%Capital expenditures / revenue.
D&A / revenue139.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-90.6%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y43.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y37.3%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-0.5%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y0.8%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y2.9%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y1.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y0.3%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y4.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y6.6%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y5.0%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y6.4%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio17.8xCurrent assets / current liabilities.
Quick ratio17.8x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio17.8x(Cash + short-term investments) / current liabilities.
Debt / equity0.34xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets22.1%Total debt / total assets.
Liabilities / assets34.1%Total liabilities / total assets.
Net debt-$1.78BTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital$2.24BCurrent assets - current liabilities.
Tangible book value$1.75BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.01xRevenue / average total assets.
Fixed asset turnover0.12xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$4.67Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.14Revenue / diluted weighted shares.
FCF per share-$3.85Free cash flow / diluted weighted shares.
Operating cash flow per share-$3.83Cash from operations / diluted weighted shares.
Book value per share$18.07Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$18.07Tangible book value / shares outstanding.
Cash per share$24.46(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$5.24BShare price x shares outstanding.
Enterprise value$3.47BMarket cap + total debt - cash - short-term investments.
P/S392xMarket cap / revenue.
P/B3.00xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book3.00xMarket cap / tangible book value, when positive.
EV/Sales259xEnterprise value / revenue.
FCF yield-7.1%Free cash flow / market cap.
Earnings yield-8.6%Net income / market cap (the inverse of P/E).
What was CRISPR Therapeutics AG's revenue in fiscal 2025?

CRISPR Therapeutics AG reported revenue of $3.5M for fiscal 2025, 90.6% lower than the year before.

Was CRISPR Therapeutics AG profitable in fiscal 2025?

No. It reported a net loss of $581.6M.

How much free cash flow did CRISPR Therapeutics AG generate in fiscal 2025?

Cash from operations of $345.0M minus capital expenditures of $914.0K left free cash flow of -$345.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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