NYSE$DNA

Ginkgo Bioworks Holdings · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Ginkgo Bioworks reported a decrease in total revenue but an increase in foundry revenue for the fourth quarter of 2022.

Ginkgo Bioworks reported a decrease in total revenue for Q4 2022, primarily due to an expected reduction in K-12 COVID-19 testing services. However, Foundry revenue increased, and the company added 20 new Cell Programs. The company's cash balance remains strong, providing flexibility for future growth.

  • Total revenue for Q4 2022 was $98 million, down 34% year-over-year.
  • Foundry revenue for Q4 2022 was $53 million, up 56% year-over-year.
  • Biosecurity revenue for Q4 2022 was $45 million, down 61% year-over-year.
  • Loss from operations for Q4 2022 was $(235) million, compared to $(1,685) million in the prior year period.

Headline financials

Total Revenue

$98.3M

Previous: $148M-33.8%
EPS (adj)

-$4.00

Previous: -$0.80-400.0%
Capital Expenditures

$25.6M

Previous: $5.11M+401.5%
Free Cash Flow

-$130M

Previous: -$171M+23.6%
Net Income

-$174M

Previous: -$1.6B+89.1%
Operating Income

-$235M

Previous: -$1.68B+86.1%
Gross Profit

$68.1M

Previous: $81.9M-16.9%
Cash & Equivalents

$1.32B

Previous: $1.55B-15.1%
Total Assets

$2.54B

Previous: $2.07B+22.6%
Stock-Based Comp

$108M

Previous: $1.59B-93.2%

Revenue & EPS history

Ginkgo Bioworks · Revenue · Quarterly

$98.3M

Q4 2022-33.8%vs Q4 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Ginkgo expects to add 100 new Cell Programs to the Foundry platform and anticipates total revenue of at least $275 million in 2023, with Foundry revenue of at least $175 million and Biosecurity revenue of at least $100 million.

Tailwinds

  • Expects to add 100 new Cell Programs to the Foundry platform in 2023.
  • Anticipates total revenue of at least $275 million in 2023.
  • Forecasts Foundry revenue of at least $175 million in 2023.
  • Projects Biosecurity revenue of at least $100 million in 2023.
  • Expects nearly half of Biosecurity revenue to come from emerging product lines.

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 Q4 2022

Historical avgQ4 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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