10-Q quarterly report · filed Nov 6, 2025

PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB) Q3 2025 10-Q Quarterly Report

Short answer

PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $38M (down 3.8% year over year) with net income of −$38M.

Q3 2025 key financials · XBRL

Revenue
$38M
−3.8% YoY · −3.3% QoQ
Net income
−$38M
+37.4% YoY · +9.4% QoQ
Operating margin
-101.1%
Gross margin
41.4%
EPS (diluted)
−$0.12
+45.5% YoY · +7.7% QoQ

Source: XBRL data from the PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB) Q3 2025 10-Q on SEC EDGAR. USD.

PACIFIC BIOSCIENCES OF CALIFORNIA, INC. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Nine-month revenue $115.4M vs $114.8M YoY
  • Gross profit $29.2M vs $27.2M YoY
  • Consumables revenue $60.3M vs $51.6M; instrument revenue $36.5M vs $50.5M
  • Cash, equivalents, and investments $298.7M vs $389.9M at December 31, 2024
  • Strategy focused on Vega rollout, SPRQ chemistry adoption, product launches, and clinical sequencing growth

Risk Factors

  • Newly added tariff risk triggered by U.S. government measures and trading-partner responses
  • Most materially updated commercialization risk: Vega launch and Revio transitions may create obsolete inventory and firm-commitment losses
  • Regulatory risk from evolving privacy, ethical, legal, and social concerns surrounding genetic testing
  • Market risk from slower customer capital-equipment purchases amid uncertain economic conditions
  • Financial risk from $15.0 million of impairment charges during nine months ended September 30, 2025

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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