NYSE$DNA
Ginkgo Bioworks Holdings · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Ginkgo Bioworks experienced a decrease in total revenue, driven by a ramp down in K-12 testing, while expanding its customer base and partnerships.
Ginkgo Bioworks reported a 17% decrease in total revenue to $55 million, primarily due to the expected ramp down of K-12 testing in the Biosecurity segment. However, Cell Engineering revenue increased by 51% to $37 million. The company added 21 new Cell Programs and ended the quarter with over $1.0 billion in cash and cash equivalents.
- Added 21 new Cell Programs to the Foundry platform, a 40% increase year-over-year.
- Entered a strategic five-year cloud and AI partnership with Google Cloud.
- Cell Engineering revenue increased by 51% compared to the third quarter of 2022.
- Ended Q3 2023 with over $1.0 billion in cash and cash equivalents.
Headline financials
Revenue & EPS history
Ginkgo Bioworks · Revenue · Quarterly
$70.5M
Forward guidance
Ginkgo revised its new Cell Programs target to a range of 80 - 85 new Cell Programs added to the platform in 2023 and expects Total revenue of $250 - $260 million in 2023.
Tailwinds
- Strong growth in business development pipeline.
- Signed several technology licensing evaluation agreements.
- Expects Total revenue of $250 - $260 million in 2023
- Revised expectations for Biosecurity revenue to up to $110 million in 2023
- Revised expectations for Cell Engineering revenue to $145 - $150 million in 2023
Headwinds
- Revised new Cell Programs target to a range of 80 - 85 new Cell Programs.
- Technology licensing evaluation agreements do not involve Foundry service work
- Decline in Biosecurity revenue
- Adjusted EBITDA decreased to $(84) million
- Loss from operations of $(286) million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
-2.5%
Avg return
Earnings day
-8.6%
Avg return
5 days after
-12.3%
Avg return
30 days after
32%
7 / 22 earnings
Positive
+25.4%
Q4 2021
Best reaction
-20.8%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.9% | -17.5% | -19.4% | |
| Q4 2025 | +3.1% | -28.6% | -36.8% | |
| Q3 2025 | -20.8% | -26.0% | -18.1% | |
| Q1 2025 | +14.8% | +28.8% | +17.7% | |
| Q4 2024 | -11.5% | -22.2% | -40.5% | |
| Q3 2024 | -1.8% | -27.3% | +17.9% | |
| Q2 2024 | -1.5% | +2.6% | -48.4% | |
| Q1 2024 | -14.8% | -3.4% | -42.4% | |
| Q4 2023 | -15.1% | -24.3% | -23.7% | |
| Q3 2023 | -18.2% | -16.9% | -11.7% | |
| Q2 2023 | -15.9% | -13.9% | +0.0% | |
| Q1 2023 | -2.9% | -3.6% | +35.0% | |
| Q4 2022 | -4.8% | -7.5% | -9.5% | |
| Q3 2022 | -6.3% | -23.2% | -41.1% | |
| Q2 2022 | +3.0% | -21.5% | -15.4% | |
| Q1 2022 | +3.0% | -1.9% | -2.6% | |
| Q4 2021 | +25.4% | +14.8% | -6.3% | |
| Q4 2019 | -0.3% | -0.5% | -11.8% | |
| Q3 2021 | +8.5% | +4.3% | -15.9% | |
| Q2 2021 | -0.1% | -0.3% | +1.5% | |
| Q1 2021 | +0.0% | -0.2% | +0.2% | |
| Q4 2020 | +0.0% | -0.2% | +0.2% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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