10-Q quarterly report · filed Nov 4, 2025

Personalis, Inc. (PSNL) Q3 2025 10-Q Quarterly Report

Short answer

Personalis, Inc. (PSNL) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $14M (down 43.6% year over year) with net income of −$22M.

Q3 2025 key financials · XBRL

Revenue
$14M
−43.6% YoY · −15.7% QoQ
Net income
−$22M
+44.6% YoY · −8.0% QoQ
Operating margin
-160.7%
EPS (diluted)
−$0.24
+65.2% YoY · −4.3% QoQ

Source: XBRL data from the Personalis, Inc. (PSNL) Q3 2025 10-Q on SEC EDGAR. USD.

Personalis, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $14.495M, down $11.214M or 44% YoY
  • Gross margin 13.2% vs 34.0% YoY; operating margin -160.7% vs -56.0%
  • Clinical diagnostics best performer, revenue $384K, up 42%; enterprise sales worst, $650K, down 88%
  • Cash and investments $150.515M vs $185.009M at December 31, 2024
  • VA MVP task order up to $13.5M; Natera relationship not expected beyond 2025

Risk Factors

  • Newly triggered VA MVP risk: fourth 2025 task order worth up to $13.5 million, with no guarantee of renewal
  • Customer concentration: Moderna represented 25% of nine-month 2025 revenue, while top five customers contributed 65%
  • Natera transition risk: company does not expect a long-term relationship beyond 2025 as Natera plans to bring services in-house
  • Profitability risk: nine-month 2025 net loss $57.5 million and accumulated deficit $607.4 million
  • Competitive regulatory risk: non-FDA-cleared companion diagnostics may be limited to off-label use in FDA-labeled oncology markets

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

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