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Financial statements

Personalis, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data Personalis, 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

FY2017FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue9.3937.865.278.685.56573.584.669.6
Cost of revenue11.72643.158.553.851.755.357.853.9
Gross profit-2.3411.822.120.131.713.418.226.815.8
Research and development9.9214.322.428.649.364.964.848.950.3
Selling, general and administrative9.911.322.133.747.76449.746.253.6
Operating income-22.2-13.8-22.4-42.1-65.4-116-110-68.3-88.1
Interest expense1.31.891.1300.180.20.110.020.21
Interest income0.10.291.620.950.372.45.95.517.16
Other non-operating income-0.230.15-1.44-0.02-0.040.06-4.07-18.5-0.14
Pre-tax income-23.6-19.9-25.1-41.2-65.2-113-108-81.3-81.2
Income tax0.010.010.010.060.010.040.080.020.02
Net income-23.6-19.9-25.1-41.3-65.2-113-108-81.3-81.3
EBITDA-20.9-10.7-17.7-36.4-59.3-107-98.6-57.3-78
EPS, basic-7.78-6.49-1.39-1.20-1.49-2.48-2.25-1.37-0.91
EPS, diluted-7.78-6.49-1.39-1.20-1.49-2.48-2.25-1.37-0.91
Shares, basic (weighted)3.043.061834.443.945.748.259.389.2
Shares, diluted (weighted)3.033.061834.443.945.748.259.389.2

Balance sheet

FY2017FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents22.619.75568.510689.15791.4124
Short-term investments73.213518178.557.293.6116
Receivables4.463.36.3518.516.617.78.1416.2
Other current assets1.933.385.447.096.814.363.935.65
Total current assets29.6140221318200147203268
Property, plant and equipment11.514.111.819.761.957.448.344.8
Lease right-of-use assets1.8510.353.826.517.916.515.1
Other non-current assets0.661.762.024.834.593.142.536.28
Total assets41.7157245397293225270334
Accounts payable6.577.348.39.2212.914.96.413
Accrued liabilities0.060.690.310.881.70.868.546.96
Deferred revenue42.936213.981.263.293.11.56
Short-term debt5
Total current liabilities57.95040.631.333.147.231.139.6
Lease liabilities0.648.5452.84138.334.931.9
Other non-current liabilities0.120.640.722.120.395.161.31.48
Total liabilities58.750.649.986.274.695.767.373
Total debt5
Paid-in capital9.13247377558579598753892
Retained earnings-116-141-182-247-360-469-550-631
Other comprehensive income-0.02-0.010.02-0.17-0.91-0.22-0.020.1
Shareholders' equity-92.6-106107195310218129203261
Total equity-92.6-106107195310218129203261
Total liabilities and equity41.7157245397293225270334
Shares outstanding3.0931.239.144.946.750.585.2102

Cash flow statement

FY2017FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-23.6-19.9-25.1-41.3-65.2-113-108-81.3-81.3
Depreciation and amortization1.223.074.755.766.018.4311.310.910
Stock-based compensation0.751.324.868.2414.419.414.110.79.43
Deferred income tax-0.03-0.030.05-0-0
Change in receivables-1.2-2.521.07-3.05-12.11.83-1.099.59-8.06
Change in payables2.642.161.40.75-1.463.095.18-8.924.55
Cash from operations0.295.57-18.1-42.7-70.8-70.2-56.3-45.2-74.9
Capital expenditures-5.16-7.85-8.38-3.25-11.1-49.9-10.9-1.6-4.5
Purchases of investments-78.9-162-267-121-104-122-210
Sales and maturities of investments5.799.921322412888192
Cash from investing-5.16-7.85-81.6-65.1-60.152.513.1-35.1-22.6
Debt issued17.220
Debt repaid-0.82-0.65-25
Stock issued0.070.081441181622.473.5130.1127
Cash from financing16.4-0.591351211701.3711115130
Net change in cash11.5-2.8735.313.538.9-16.5-32.134.432.8
Free cash flow-4.87-2.28-26.5-45.9-81.9-120-67.2-46.8-79.5
Interest paid0.320.71.26
Income taxes paid0.010.010.010.040.040.050.060.040.02

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 $16.46 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin12.7%Gross profit / revenue.
Operating margin-164.1%Operating income / revenue.
EBITDA margin-150.2%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-153.8%Pre-tax income / revenue.
Net margin-153.8%Net income / revenue.
FCF margin-144.9%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-132.5%Cash from operations / revenue.
Return on equity (ROE)-45.6%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-34.3%Net income / average total assets.
Return on invested capital (ROIC)-64.0%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 / revenue80.5%Research and development expense / revenue.
SG&A / revenue96.2%Selling, general and administrative expense / revenue.
Stock-based pay / revenue15.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue12.5%Capital expenditures / revenue.
D&A / revenue13.9%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-17.7%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y2.3%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-2.4%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-41.2%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y5.7%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y-4.7%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y28.7%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y6.2%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y6.0%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y23.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y4.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y6.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y50.6%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y25.0%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, 5y21.0%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 ratio5.28xCurrent assets / current liabilities.
Quick ratio4.91x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio4.58x(Cash + short-term investments) / current liabilities.
Liabilities / assets24.7%Total liabilities / total assets.
Interest coverage-537xOperating income / interest expense.
Working capital$198.7MCurrent assets - current liabilities.
Tangible book value$235.2MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.22xRevenue / average total assets.
Fixed asset turnover1.43xRevenue / average property, plant and equipment.
Receivables turnover4.61xRevenue / average receivables.
Days sales outstanding79 days365 x average receivables / revenue.
Days payables96 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.02Net 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$0.66Revenue / diluted weighted shares.
FCF per share-$0.96Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.88Cash from operations / diluted weighted shares.
Book value per share$2.21Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$2.21Tangible book value / shares outstanding.
Cash per share$2.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.76BShare price x shares outstanding.
Enterprise value$1.55BMarket cap + total debt - cash - short-term investments.
P/S25.2xMarket cap / revenue.
P/B7.48xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book7.48xMarket cap / tangible book value, when positive.
EV/Sales22.2xEnterprise value / revenue.
FCF yield-5.7%Free cash flow / market cap.
Earnings yield-6.1%Net income / market cap (the inverse of P/E).
What was Personalis, Inc.'s revenue in fiscal 2025?

Personalis, Inc. reported revenue of $69.6M for fiscal 2025, 17.7% lower than the year before.

Was Personalis, Inc. profitable in fiscal 2025?

No. It reported a net loss of $81.3M.

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

Cash from operations of $74.9M minus capital expenditures of $4.5M left free cash flow of -$79.5M.

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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