Seer, Inc. (SEER) Income Statement
SEER 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSEER revenue and net income
Where SEER's revenue goes
2025Each bar shows an amount and its share of revenue. SEER kept −456.6% of revenue as net income.
SEER profit margins
SEER growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +15.6% | +3.2% | +89.7% | — |
| Gross profit | +17.2% | +175.2% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SEER quarterly EPS vs estimates
Seer beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.26).
SEER income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.1M | $13.9M | $15.2M | $14.7M | $6.4M | $656,000 | $116,000 | $0 |
| Cost of revenue | $8.1M | $7.1M | $13.7M | $14.3M | $6.8M | $1.6M | $701,000 | $100,000 |
| Gross profit | $8.0M | $6.8M | $1.4M | $384,000 | −$374,000 | −$950,000 | −$585,000 | −$100,000 |
| Research & development | $43.9M | $50.6M | $47.4M | $45.8M | $29.1M | $17.3M | $11.7M | $3.7M |
| Sales, general & admin | $42.6M | $56.6M | $60.5M | $58.5M | $45.8M | $15.4M | $4.6M | $3.0M |
| Total operating expenses | $86.0M | $106.9M | $106.4M | $98.4M | $71.3M | $32.7M | $16.3M | $6.7M |
| Operating income | −$78.0M | −$100.1M | −$104.9M | −$98.0M | −$71.7M | −$33.6M | −$16.9M | −$6.8M |
| Interest income | $11.5M | $16.7M | $15.5M | $4.6M | $326,000 | $883,000 | $850,000 | $451,000 |
| Interest expense | — | — | — | $327,000 | $22,000 | $9,000 | $5,000 | $0 |
| Income before taxes | −$73.4M | −$86.5M | −$86.3M | −$93.0M | −$71.2M | −$32.8M | −$16.0M | −$6.3M |
| Income taxes | $201,000 | $98,000 | $5.4M | −$4.3M | −$2.5M | −$1.6M | $5,000 | $451,000 |
| Net income | −$73.6M | −$86.6M | −$86.3M | −$93.0M | −$71.2M | −$32.8M | −$16.0M | −$6.3M |
| EBITDA | −$71.9M | −$80.3M | −$80.7M | −$89.0M | −$67.6M | −$31.2M | −$15.3M | −$6.2M |
| EPS (diluted) | −$1.28 | −$1.39 | −$1.36 | −$1.49 | −$1.16 | −$1.35 | −$0.45 | — |
| Gross margin | 49.7% | 49.0% | 9.5% | 2.6% | −5.8% | −144.8% | −504.3% | — |
| Operating margin | −483.9% | −717.7% | −691.2% | −667.6% | −1,121.3% | −5,129.4% | −14,554.3% | — |
| Net margin | −456.6% | −620.9% | −568.3% | −633.1% | −1,113.1% | −4,996.2% | −13,825.9% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1M | $2.7M | $4.1M | $4.0M | $3.9M | $4.1M | $3.9M | $3.9M | $3.1M | $3.1M | $4.2M | $4.2M |
| Cost of revenue | $1.6M | $1.8M | $2.0M | $2.0M | $1.9M | $2.1M | $2.0M | $2.1M | $2.8M | $3.2M | $2.4M | $3.5M |
| Gross profit | $1.5M | $895,000 | $2.1M | $2.0M | $2.0M | $2.0M | $2.0M | $1.8M | $229,000 | −$133,000 | $1.7M | $658,000 |
| Research & development | $8.2M | $8.8M | $9.7M | $10.8M | $12.0M | $11.3M | $12.6M | $13.0M | $11.2M | $10.8M | $11.2M | $11.7M |
| Sales, general & admin | $10.1M | $9.4M | $9.8M | $10.7M | $10.7M | $11.4M | $12.9M | $13.3M | $16.1M | $14.3M | $13.1M | $14.8M |
| Total operating expenses | $18.3M | $18.2M | $19.4M | $21.3M | $22.5M | $22.7M | $25.5M | $26.2M | $27.3M | $25.1M | $24.0M | $26.5M |
| Operating income | −$16.8M | −$17.3M | −$17.4M | −$19.3M | −$20.5M | −$20.7M | −$23.5M | −$24.3M | −$27.1M | −$25.2M | −$22.2M | −$25.8M |
| Interest income | $2.1M | $2.2M | $2.5M | $2.8M | $3.0M | $3.2M | $3.6M | $4.1M | $4.4M | $4.6M | $4.7M | $4.8M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $1.2M | — |
| Income before taxes | −$16.9M | −$16.8M | −$16.0M | −$18.2M | −$19.4M | −$19.8M | −$21.6M | −$21.3M | −$22.9M | −$20.7M | −$17.8M | −$21.1M |
| Income taxes | $9,000 | $10,000 | $28,000 | $24,000 | $48,000 | $101,000 | $98,000 | — | — | $1.5M | $12.8M | −$4.8M |
| Net income | −$16.9M | −$16.8M | −$16.0M | −$18.2M | −$19.4M | −$19.9M | −$21.7M | −$21.3M | −$22.9M | −$20.7M | −$17.8M | −$21.1M |
| EBITDA | −$13.3M | −$15.7M | −$15.9M | −$17.9M | −$19.0M | −$19.1M | −$21.9M | −$19.8M | −$21.3M | −$19.2M | −$16.2M | −$19.6M |
| EPS (diluted) | −$0.31 | −$0.30 | −$0.29 | −$0.32 | −$0.33 | −$0.34 | −$0.37 | −$0.35 | −$0.35 | −$0.32 | −$0.28 | −$0.33 |
| Gross margin | 48.5% | 33.1% | 50.5% | 49.3% | 50.7% | 48.3% | 50.0% | 46.9% | 7.5% | −4.3% | 41.7% | 15.8% |
| Operating margin | −542.9% | −637.7% | −426.8% | −487.4% | −522.1% | −500.1% | −594.8% | −617.1% | −882.0% | −821.7% | −531.9% | −621.0% |
| Net margin | −544.8% | −622.2% | −392.7% | −459.4% | −494.0% | −481.3% | −550.6% | −541.0% | −743.8% | −674.5% | −425.8% | −506.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SEER's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SEER financial results
In fiscal year 2025 (ended December 31, 2025), Seer reported revenue of $16.1 million, up 15.6% from the year before. It had a net loss of $73.6 million, a net profit margin of −456.6%. Diluted earnings per share came to −$1.28. Over five years revenue grew at an average rate of 89.7% a year.
See the SEER stock overview for the latest quote and news, or the SEER chart for price history and technical indicators.
SEER income statement FAQ
What is Seer's annual revenue?
Seer reported total revenue of $16.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 15.6% from $13.9 million the previous year.
Is Seer profitable?
No. Seer reported a net loss of $73.6 million in fiscal 2025, a net profit margin of −456.6%; its operating margin was −483.9%.
What is Seer's gross margin?
Seer's gross margin was 49.7% in fiscal 2025: for every $100 of revenue, Seer kept $50 after the direct cost of its products and services.
How much does Seer spend on research and development?
Seer spent $43.9 million on research and development in fiscal 2025, 272.2% of revenue.
How fast is Seer growing?
Revenue grew 89.7% a year on average over the last five fiscal years, from $0.7 million to $16.1 million.
What are Seer's earnings per share?
Seer earned $-1.28 per diluted share in fiscal 2025, compared with $-1.39 a year earlier.
When will Seer report its next earnings?
Seer is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Seer's fiscal year end?
Seer's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.