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Absci (ABSI) Q3 FY2026 earnings: revenue $304,000, down 19.6% on the year

Absci Corp. (ABSI) reported revenue of $304,000 for Q3 FY2026, the quarter ended 30 September 2026, down 19.6% on the same quarter a year earlier. Net income was -$33 million, and diluted earnings per share $-0.19. The figures are the company's own, from the 10-Q it filed with the SEC on 12 November 2026.

Revenue
$304,000
-19.6% on the year · -4.4% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
-11511.2%
-7977.2% a year earlier
Q4 FY2024Q3 FY2026
Net income
-$33 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$0.19
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 lowered, 1 new, 4 kept.

  • Net loss widened year over year: Net loss was $33.3 million, against $28.7 million a year earlier; basic and diluted loss per share was $0.19 against $0.20.
  • R&D rose on ABS-201 spending: Research and development expenses were $23.6 million, against $19.2 million, mainly from external ABS-201 nonclinical and clinical work, partly offset by lower personnel costs.
  • Interim hair-loss data due December: 13-week interim proof-of-concept data from the HEADLINE trial is expected in December 2026, with full 26-week data in early 2027.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue0.30.30.4-4.4%-19.6%
Research and development23.622.619.2+4.2%+22.5%
Selling, general and administrative9.09.28.4-1.4%+7.1%
Operating income-35.0-34.2-30.2
Operating margin-11511.2%-10741.5%-7977.2%
Interest expense0.00.00.00.0%-95.6%
Pre-tax income-33.3-33.2-28.6
Income tax0.00.00.1-55.0%-82.7%
Net income-33.3-33.2-28.7
Net margin-10953.9%-10443.4%-7594.2%
Diluted EPS-$0.19-$0.21-$0.20
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow-29.5-27.6-25.0
Capital expenditure0.00.01.0+800.0%-99.1%
Free cash flow-29.5-27.6-26.0
Free cash flow margin-9696.1%-8668.2%-6876.5%
Cash from investing-67.024.1-63.7
Cash from financing2.010360.3-98.0%-96.7%
Depreciation and amortisation2.72.72.8-0.3%-5.4%
Share-based compensation4.55.24.4-14.8%+1.6%
Diluted shares, weighted172m157m144m+9.1%+19.5%
Shares outstanding at period end173m172m150m+0.7%+14.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity219246210-11.2%+4.0%
Debt0.10.11.4-59.3%-95.6%
Operating lease liabilities1.11.63.1-30.5%-63.1%
Other liabilities19.721.030.2-6.2%-34.8%
Total liabilities and equity240269245-10.9%-2.2%
Intangible assets39.340.142.4-1.8%-7.1%
Investments20593.3176+119.7%+16.7%
Cash and equivalents13.41089.5-87.6%+41.0%
Receivablesn/an/a1.0
Other assetsn/a27.716.6
Total assets240269245-10.9%-2.2%

Questions

What was Absci's revenue in Q3 FY2026?

Absci (ABSI) reported revenue of $304,000 for Q3 FY2026, the quarter ended 30 September 2026, down 19.6% on the same quarter a year earlier.

How much did Absci earn in Q3 FY2026?

Net loss for Q3 FY2026 was $33 million, and the diluted loss per share $0.19.

When did Absci report Q3 FY2026 results?

Absci filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 12 November 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1.50.81.02.41.61.33.40.70.30.91.31.70.71.20.60.40.70.20.30.3
R&D15.815.816.215.511.312.712.111.012.312.215.318.018.416.420.519.225.319.322.623.6
SG&A9.210.910.511.47.79.69.49.59.38.79.39.38.89.58.58.48.69.19.29.0
Operating income-26.3-28.8-28.9-28.0-21.1-24.5-43.0-23.3-24.7-23.5-26.7-28.9-29.8-27.7-31.4-30.2-31.0-30.8-34.2-35.0
Operating margin-1808%-3517%-2883%-1181%-1355%-1929%-1277%-3132%-7319%-2617%-2104%-1699%-4477%-2352%-5294%-7977%-4776%-14347%-10742%-11511%
Interest expense0.20.20.20.30.30.30.30.20.20.20.10.10.10.10.10.00.00.00.00.0
Pre-tax income-26.3-28.9-28.9-27.6-20.0-23.3-41.7-22.0-23.5-22.0-24.8-27.4-29.0-26.4-30.4-28.6-29.7-29.6-33.2-33.3
Net income-25.2-29.5-28.7-27.3-19.5-23.4-41.7-22.0-23.5-22.0-24.8-27.4-29.0-26.3-30.6-28.7-29.6-29.6-33.2-33.3
Net margin-1733%-3601%-2862%-1151%-1251%-1840%-1238%-2956%-6966%-2447%-1949%-1611%-4358%-2235%-5155%-7594%-4548%-13767%-10443%-10954%
Diluted EPSn/a-$0.33-$0.32-$0.30-$0.21-$0.26-$0.45-$0.24-$0.25-$0.22-$0.22-$0.24-$0.25-$0.21-$0.24-$0.20-$0.20-$0.19-$0.21-$0.19
Operating cash flow-17.1-21.1-22.6-19.0-18.6-20.1-19.2-10.4-14.9-17.9-16.8-20.7-17.0-21.8-16.9-25.0-29.2-26.3-27.6-29.5
Capital expenditure8.36.93.94.90.60.30.30.30.00.00.30.00.00.00.21.0n/a0.00.00.0
Free cash flow-25.4-28.0-26.5-23.9-19.1-20.4-19.5-10.7-14.9-17.9-17.2-20.8-17.0-21.9-17.1-26.0n/a-26.3-27.6-29.5
Shares outstanding93m93m93m93m92m92m93m93m93m113m113m114m115m128m150m150m153m156m172m173m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 12 November 2026: the filing.