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Personalis (PSNL) Q3 FY2026 earnings: revenue $26 million, up 76.6% on the year

Personalis, Inc. (PSNL) reported revenue of $26 million for Q3 FY2026, the quarter ended 30 September 2026, up 76.6% on the same quarter a year earlier. Net income was -$34 million, and diluted earnings per share $-0.32. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue
$26 million
+76.6% on the year · +14.5% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
-138.8%
-160.7% a year earlier
Q4 FY2024Q3 FY2026
Net income
-$34 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$0.32
Q4 FY2024Q3 FY2026

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

What management said

  • Revenue rose to $25.6 million: Total revenue was $25.6 million against $14.5 million a year earlier. Management attributed the increase mainly to clinical test revenue, with population sequencing and pharma testing also higher.
  • Clinical revenue rose to $4.4 million: Clinical test revenue was $4.4 million against $0.4 million, reflecting higher test volume and a full quarter of Medicare covered IO test volume, plus breast and lung cancer covered tests.
  • Clinical test volume reached 13,157: The company delivered 13,157 clinical tests in the quarter, against 4,388 in the prior-year quarter.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue25.622.414.5+14.5%+76.6%
Cost of revenue19.017.612.6+8.0%+51.2%
Gross profit6.64.71.9+38.5%+243.3%
Gross margin25.7%21.2%13.2%
Research and development16.116.312.2-1.6%+32.1%
Selling, general and administrative26.022.013.0+18.3%+99.6%
Operating income-35.5-33.6-23.3
Operating margin-138.8%-150.2%-160.7%
Interest expense0.00.00.1-2.7%-43.8%
Pre-tax income-33.8-31.7-21.6
Income tax0.00.00.0-40.0%0.0%
Net income-33.8-31.7-21.7
Net margin-132.1%-141.7%-149.4%
Diluted EPS-$0.32-$0.30-$0.24
$ 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-27.1-25.8-21.8
Capital expenditure3.13.81.6-18.7%+89.0%
Free cash flow-30.1-29.6-23.4
Free cash flow margin-117.8%-132.2%-161.6%
Cash from investing24.038.218.7-37.1%+28.2%
Cash from financing7.48.0-0.3-7.7%
Depreciation and amortisation2.52.42.4+2.7%+3.1%
Share-based compensation3.94.02.1-1.8%+87.8%
Diluted shares, weighted107m105m89m+1.7%+20.9%
Shares outstanding at period end108m106m89m+1.9%+22.1%

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' equity213235171-9.6%+24.1%
Operating lease liabilities29.330.232.7-2.9%-10.3%
Other liabilities49.646.838.8+6.0%+28.0%
Total liabilities and equity292312243-6.6%+20.1%
Fixed assets50.348.647.0+3.6%+7.0%
Investments92.3119101-22.2%-8.2%
Cash and equivalents98.394.050.0+4.6%+96.6%
Receivables18.015.114.4+19.4%+25.5%
Other assets32.635.830.9-8.8%+5.5%
Total assets292312243-6.6%+20.1%

Questions

What was Personalis' revenue in Q3 FY2026?

Personalis (PSNL) reported revenue of $26 million for Q3 FY2026, the quarter ended 30 September 2026, up 76.6% on the same quarter a year earlier.

How much did Personalis earn in Q3 FY2026?

Net loss for Q3 FY2026 was $34 million, and the diluted loss per share $0.32.

When did Personalis report Q3 FY2026 results?

Personalis filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 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
Revenue20.715.218.214.916.718.916.718.219.719.522.625.716.820.617.214.517.315.522.425.6
Cost of revenue12.710.914.012.414.414.111.914.814.514.014.517.012.213.412.412.615.415.217.619.0
Gross profit8.04.34.32.52.34.74.83.55.25.58.08.74.57.24.81.91.90.34.76.6
Gross margin39%28%23%17%14%25%29%19%26%28%36%34%27%35%28%13%11%2%21%26%
R&D14.517.116.315.016.616.617.916.713.612.813.011.711.512.612.412.213.114.516.316.1
SG&A13.715.515.914.817.814.112.112.011.511.612.011.411.212.314.213.014.117.922.026.0
Operating income-20.2-28.3-27.9-27.3-32.1-29.8-25.3-30.8-24.0-18.9-16.9-14.4-18.1-17.7-21.8-23.3-25.3-32.2-33.6-35.5
Operating margin-98%-186%-153%-183%-192%-158%-152%-169%-122%-97%-75%-56%-108%-86%-127%-161%-146%-208%-150%-139%
Interest expensen/a0.10.10.00.00.00.00.00.00.00.00.0-0.00.00.00.10.10.00.00.0
Pre-tax income-20.2-28.2-27.5-26.5-31.1-28.6-23.9-29.1-26.6-13.0-12.8-39.1-16.4-15.7-20.1-21.6-23.8-30.0-31.7-33.8
Net income-20.2-28.2-27.5-26.5-31.1-28.7-24.0-29.1-26.6-13.0-12.8-39.1-16.4-15.8-20.1-21.7-23.8-30.0-31.7-33.8
Net margin-98%-185%-151%-178%-186%-152%-143%-159%-135%-66%-57%-152%-98%-76%-117%-149%-137%-194%-142%-132%
Diluted EPS-$0.46-$0.63-$0.60-$0.58-$0.67-$0.61-$0.50-$0.60-$0.54-$0.26-$0.24-$0.64-$0.23-$0.18-$0.23-$0.24-$0.26-$0.29-$0.30-$0.32
Operating cash flow-15.3-11.4-27.3-14.8-16.8-15.7-10.4-16.7-13.4-20.4-10.7-6.2-7.8-18.0-12.9-21.8-22.2-22.5-25.8-27.1
Capital expenditure3.68.610.321.49.53.82.70.93.50.10.00.21.22.50.31.60.13.23.83.1
Free cash flow-18.9-20.0-37.7-36.2-26.3-19.5-13.2-17.5-16.9-20.5-10.7-6.4-9.0-20.5-13.2-23.4-22.3-25.7-29.6-30.1
Shares outstanding45m45m46m46m47m47m49m49m50m51m53m71m85m88m89m89m102m105m106m108m
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. 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 4 November 2026: the filing.