Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data RAPID MICRO BIOSYSTEMS, 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
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
16.1
23.2
17.1
22.5
28.1
33.6
Research and development
6.53
9.78
12.9
12.8
14.6
13.6
Selling and marketing
5.96
11.8
15
13.3
13.3
12.1
General and administrative
9.98
17.9
26.8
24.9
21.9
22.8
Operating income
-30.5
-47.2
-63.2
-56.6
-49.9
-47.4
Interest expense
3.45
2.65
0.04
1.09
Interest income
3.2
1.51
Other non-operating income
-6.4
-26.2
1.84
4.13
3.05
0.31
Pre-tax income
-36.9
-73.4
-61.4
-52.4
-46.9
-47.1
Income tax
0.13
0.09
-0.58
0.03
0.02
0.04
Net income
-37.1
-73.5
-60.8
-52.5
-46.9
-47.1
EBITDA
-29
-45.7
-60.4
-53.5
-46.6
-44.1
EPS, basic
-126.11
-3.94
-1.43
-1.22
-1.08
-1.05
EPS, diluted
-126.11
-3.94
-1.43
-1.22
-1.08
-1.05
Shares, basic (weighted)
0.36
19.8
42.5
43
43.6
44.7
Shares, diluted (weighted)
0.36
19.8
42.5
43
43.6
44.7
Balance sheet
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
30.1
178
27.1
24.3
16.9
20
Short-term investments
15
15.1
81.6
67.8
33.8
18.3
Receivables
4.99
5.01
5.37
5.53
7.52
3.13
Inventory
8.97
15.7
21.2
20
20.2
17.6
Other current assets
0.55
0.44
0.71
0.58
0.84
0.73
Total current assets
62.2
218
139
120
80.9
61.2
Property, plant and equipment
7.05
11.3
13.8
12.8
11.2
8.97
Lease right-of-use assets
6.75
5.97
5
3.98
Long-term investments
9.97
29.8
2.91
0
Other non-current assets
0.7
1.49
1.12
0.77
0.53
0.32
Total assets
70
241
191
143
98.2
74.9
Accounts payable
4.47
3.94
5.43
1.97
2.54
4.14
Accrued liabilities
6.65
10.9
8.15
9.91
7.22
8.32
Deferred revenue
4.42
3.31
4.71
5.97
6.6
4.73
Total current liabilities
15.5
18.2
19.1
19
17.6
18.5
Long-term debt
24.8
0
18.9
Lease liabilities
6.9
5.95
4.78
3.54
Other non-current liabilities
1.21
0.23
0.26
0.3
0.4
Total liabilities
45.2
20.2
26.5
25.5
22.8
41.6
Total debt
24.8
0
0
0
18.9
Paid-in capital
115
536
541
546
550
555
Retained earnings
-242
-315
-376
-428
-475
-522
Other comprehensive income
0
-0.02
-1.11
-0.1
0.04
0.01
Shareholders' equity
-127
221
164
118
75.4
33.2
Total equity
-127
221
164
118
75.4
33.2
Total liabilities and equity
70
241
191
143
98.2
74.9
Cash flow statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-37.1
-73.5
-60.8
-52.5
-46.9
-47.1
Depreciation and amortization
1.51
1.53
2.84
3.11
3.36
3.25
Stock-based compensation
0.53
1.84
4.02
4.75
3.87
4.03
Deferred income tax
-7.74
20
-16.2
12.4
11.5
11.4
Change in receivables
-1.36
-0.02
-0.36
-0.16
-1.99
4.39
Change in inventory
-3.37
-6.77
-5.84
1.19
-0.34
1.47
Change in payables
0.98
-0.52
1.48
-3.46
0.56
1.6
Cash from operations
-31
-55
-58.5
-45.1
-44.2
-31.1
Capital expenditures
-0.69
-3.22
-6.74
-1.85
-1.37
-0.85
Purchases of investments
-25
-25.1
-179
-62.5
-35
-27.1
Sales and maturities of investments
10
15
92.5
106
69.1
39.8
Cash from investing
-15.7
-13.3
-93.5
42.2
36.7
14.3
Debt issued
0
20
Debt repaid
-18
-26.2
0
Stock issued
0.07
0.4
0
0.45
Cash from financing
64.2
217
0.69
0.15
0.2
19.8
Net change in cash
17.6
148
-151
-2.78
-7.29
3.04
Free cash flow
-31.7
-58.2
-65.3
-46.9
-45.5
-31.9
Interest paid
1.98
2.59
0.04
0.04
0.04
0.77
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 $1.11 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-141.5%
Operating income / revenue.
EBITDA margin
-133.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-145.6%
Net income / revenue.
FCF margin
-114.8%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-113.9%
Cash from operations / revenue.
Return on equity (ROE)
-288.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-87.6%
Net income / average total assets.
Return on invested capital (ROIC)
-177.1%
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 / revenue
38.2%
Research and development expense / revenue.
Stock-based pay / revenue
12.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
1.0%
Capital expenditures / revenue.
D&A / revenue
8.5%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
19.7%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
25.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
15.9%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
-55.9%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-41.3%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-23.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-26.8%
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
1.4%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
2.5%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
1.7%
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, 5y
162.5%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.55x
Current assets / current liabilities.
Quick ratio
1.39x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.09x
(Cash + short-term investments) / current liabilities.
Debt / equity
1.08x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
32.7%
Total debt / total assets.
Liabilities / assets
69.6%
Total liabilities / total assets.
Net debt
-$627.0K
Total debt - cash - short-term investments. Negative means more cash than debt.
Net 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
$0.73
Revenue / diluted weighted shares.
FCF per share
-$0.84
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.83
Cash from operations / diluted weighted shares.
Book value per share
$0.37
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
1.58x
Market cap / revenue.
P/B
3.14x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
3.14x
Market cap / tangible book value, when positive.
EV/Sales
1.56x
Enterprise value / revenue.
FCF yield
-72.5%
Free cash flow / market cap.
Earnings yield
-92.0%
Net income / market cap (the inverse of P/E).
What was RAPID MICRO BIOSYSTEMS, INC.'s revenue in fiscal 2025?
RAPID MICRO BIOSYSTEMS, INC. reported revenue of $33.6M for fiscal 2025, 19.7% higher than the year before.
Was RAPID MICRO BIOSYSTEMS, INC. profitable in fiscal 2025?
No. It reported a net loss of $47.1M.
How much free cash flow did RAPID MICRO BIOSYSTEMS, INC. generate in fiscal 2025?
Cash from operations of $31.1M minus capital expenditures of $850.0K left free cash flow of -$31.9M.
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.