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Financial statements

Editas Medicine, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Editas Medicine, Inc. 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
Revenue6.0513.731.920.590.725.519.778.132.340.5
Research and development5783.290.796.915814317517819990
General and administrative46.350.55564.667.676.270.769.77249.9
Operating expenses103134146161226219246247283201
Operating income-97.2-120-114-141-135-193-226-169-251-160
Interest expense02.13
Other non-operating income0.01-0.393.777.1818.90.645.521614.1-0.05
Income tax00000
Net income-97.2-120-110-134-116-193-220-153-237-160
EBITDA-96-117-110-138-131-188-220-163-245-155
EPS, basic-3.02-2.98-2.33-2.68-1.98-2.85-3.21-2.02-2.88-1.80
EPS, diluted-3.02-2.98-2.33-2.68-1.98-2.85-3.21-2.02-2.88-1.80
Shares, basic (weighted)32.240.347.15058.667.668.77682.388.7
Shares, diluted (weighted)32.240.347.15058.667.668.77682.388.7

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents185147135238140204142124132147
Short-term investments1832342192622962031991380
Receivables0.090.680.030.426.050.275.1510.216.315.2
Other current assets1.772.385.796.2910.97.27.347.533.142.07
Total current assets187332375464419507357341289164
Property, plant and equipment40.439.440.210.91417.115.61214.53.54
Lease right-of-use assets28.825.126.243.633.732.616.1
Long-term investments11012093.11040
Other non-current assets1.621.625.385.394.76.815.258.595.222.98
Total assets229373420509573677514499342187
Accounts payable4.644.025.335.846.415.059.518.275.492.61
Accrued liabilities17.41112.822.12420.231.334.645.932.6
Deferred revenue0.2613.215.723.520.911.38.228.226.220
Short-term debt055
Total current liabilities33.136.735.96058.246.960.163.277.246.2
Long-term debt052.453.6
Lease liabilities23.319.316.132.924.420.412.1
Other non-current liabilities0.40.320.29027.501.83.072.82
Total liabilities94.6165184246179124154150207159
Total debt057.458.6
Paid-in capital3205146528121,0591,4121,4421,5801,6021,656
Retained earnings-186-306-416-549-665-858-1,078-1,231-1,468-1,629
Other comprehensive income-0.08-0.030.11-0.05-0.49-3.60.20.270
Shareholders' equity13520823626239455436134913427.3
Total equity13520823626239455436134913427.3
Total liabilities and equity229373420509573677514499342187
Shares outstanding35.844.548.854.462.668.468.881.882.797.9

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-97.2-120-110-134-116-193-220-153-237-160
Depreciation and amortization1.22.683.252.833.965.056.346.065.815.28
Stock-based compensation16.923.426.627.223.243.429.319.821.410
Change in receivables0.93-0.590.65-0.39-5.635.78-4.88-5.04-6.081.09
Change in payables3.25-1.521.780.270.86-1.144.37-1.49-2.29-2.89
Cash from operations-50.2-9.42-45.7-40.7-180-164-177-132-210-165
Capital expenditures-3.49-2.06-4.75-6.17-7.16-7.98-4.12-4.72-8.83-0.61
Purchases of investments-375-459-342-458-409-315-259-86.20
Sales and maturities of investments194411361305362433260257139
Cash from investing-3.47-184-53.112.3-141-54.5114-3.73162139
Debt issued57
Debt repaid0-2.87
Stock issued97.515476.81162042490117042.8
Cash from financing97.215586.91322242821.281185640.5
Net change in cash43.4-38.7-11.9103-96.263.8-62-17.97.8913.9
Free cash flow-53.7-11.5-50.5-46.8-187-172-181-137-219-166
Interest paid0.470.01

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 $2.58 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-161.4%Operating income / revenue.
EBITDA margin-156.2%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-157.3%Net income / revenue.
FCF margin-256.5%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-255.0%Cash from operations / revenue.
Return on equity (ROE)-70.2%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-31.2%Net income / average total assets.
R&D / revenue180.7%Research and development expense / revenue.
Stock-based pay / revenue18.4%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue1.5%Capital expenditures / revenue.
D&A / revenue5.2%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y25.4%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y27.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-14.9%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-79.7%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-57.7%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-41.4%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-45.4%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-28.7%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-20.1%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y7.8%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y8.9%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, 5y8.7%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 ratio3.19xCurrent assets / current liabilities.
Quick ratio3.13x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio3.09x(Cash + short-term investments) / current liabilities.
Debt / equity0.53xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets23.5%Total debt / total assets.
Liabilities / assets55.6%Total liabilities / total assets.
Net debt-$155.9MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-9.49xOperating income / interest expense.
Working capital$149.6MCurrent assets - current liabilities.
Tangible book value$105.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.20xRevenue / average total assets.
Fixed asset turnover18.3xRevenue / average property, plant and equipment.
Receivables turnover17.2xRevenue / average receivables.
Days sales outstanding21 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.62Net 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$0.39Revenue / diluted weighted shares.
FCF per share-$1.01Free cash flow / diluted weighted shares.
Operating cash flow per share-$1.00Cash from operations / diluted weighted shares.
Book value per share$1.08Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$1.08Tangible book value / shares outstanding.
Cash per share$2.16(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$396.2MShare price x shares outstanding.
Enterprise value$240.3MMarket cap + total debt - cash - short-term investments.
P/S8.43xMarket cap / revenue.
P/B3.76xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book3.76xMarket cap / tangible book value, when positive.
EV/Sales5.11xEnterprise value / revenue.
FCF yield-30.4%Free cash flow / market cap.
Earnings yield-18.7%Net income / market cap (the inverse of P/E).
What was Editas Medicine, Inc.'s revenue in fiscal 2025?

Editas Medicine, Inc. reported revenue of $40.5M for fiscal 2025, 25.4% higher than the year before.

Was Editas Medicine, Inc. profitable in fiscal 2025?

No. It reported a net loss of $160.1M.

How much free cash flow did Editas Medicine, Inc. generate in fiscal 2025?

Cash from operations of $165.2M minus capital expenditures of $607.0K left free cash flow of -$165.8M.

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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