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Stock research / United States / SEER · Laboratory Analytical Instruments · Nasdaq

Seer, Inc. (SEER)

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Seer, Inc. (SEER) reported revenue of $3 million for Q2 FY2026, the quarter ended 30 June 2026, down 23.4% on the same quarter a year earlier. Net income was -$17 million, and diluted earnings per share $-0.31. The figures are the company's own, from the 10-Q it filed with the SEC on 11 August 2026.

Revenue$3 milliondown 23.4%
Net income-$17 million
Diluted EPS$-0.31
QuarterQ2 FY2026ended 30 June 2026

Seer (SEER) in brief

Seer (SEER) reported revenue of $17 million for fiscal 2025, the year ended 31 December 2025, up 17.0% on the year before.
Read moreNet loss was $74 million and the diluted loss per share $1.28. Revenue was $14 million in fiscal 2024, $17 million in fiscal 2023, $15 million in fiscal 2022 and $7 million in fiscal 2021. Net income in the same years was a loss of $87 million, a loss of $86 million, a loss of $93 million and a loss of $71 million. Over the twelve months to 30 June 2026, Seer reported revenue of $14 million and net loss of $68 million. Revenue grew 90.8% a year, compounded, over the five years to fiscal 2025. Seer had 55 million shares outstanding at the latest filed count. At 30 June 2026 it carried $0 million of debt and $26 million of cash. At the close of 30 October 2026 the market cap of Seer was $93 million.

Ratios

From the filings

ROE-30.1%
ROCE-31.4%
Operating margin-498.2%
Net margin-478.0%
FCF margin-311.1%
Interest covern/a
Debt to equity0.00
Cash conversionn/a
Share count, last 12 monthsn/a
Sales CAGR, 3 years2.3%
Profit CAGR, 3 yearsn/a
EPS, TTM-$1.22

At the close of 30 October 2026

Price$1.69
Market cap$93 million
Stock P/En/a
Price to book0.41
EV / EBITDAn/a
Dividend yield0.0%
Market cap / sales6.56
52-week high$2.34
52-week low$1.62
Price, 1 year-24.4%
Price CAGR, 3 years0.9%
Price CAGR, 5 years-46.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Seer, Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
SEERgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SEER

Dividendsno dividend in its filings for fiscal 2020 onward
Filings48 in twelve months: 18 current reports (8-K), about 10 other events; 4 results of operations; 3 change to security holders' rights; 2 material agreement; 2 charter or bylaw amendment, or fiscal year change
Planned insider sales1 Form 144 notice in twelve months, $23,265; latest 8 July 2026
Options tapeput/call 0.0 by open interest at the 30 October 2026 close; the straddle prices a 267.6% move to 20 November 2026
13F holders59 funds reported a position for the quarter to 30 June 2026; largest Softbank Group Corp.
Insider trading7 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest94,400 shares short, 1.00 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2.23.13.33.64.04.64.14.04.24.43.13.14.04.04.24.14.14.22.83.1
Cost of revenue1.01.62.12.02.02.32.01.72.02.41.71.32.12.02.11.92.02.01.81.6
Gross profit1.21.41.21.61.92.32.12.32.22.01.41.71.92.02.12.12.12.21.01.5
Gross margin54%47%38%44%49%50%51%57%52%45%44%56%48%51%49%52%51%52%35%49%
R&D7.78.210.710.911.612.614.514.113.211.212.312.713.012.611.312.010.89.78.88.2
SG&An/an/an/an/an/an/a15.016.114.813.114.316.113.312.911.410.710.79.89.410.1
Operating income-18.4-19.9-23.8-23.4-25.1-24.9-27.4-27.9-25.8-22.2-25.2-27.1-24.3-23.5-20.7-20.5-19.3-17.4-17.3-16.8
Operating margin-855%-648%-718%-647%-634%-542%-677%-697%-621%-501%-822%-882%-603%-587%-493%-507%-469%-414%-618%-543%
Pre-tax incomen/an/an/an/an/an/an/an/an/an/a-20.7-22.9-21.3-21.6-19.8-19.4-18.2-16.0-16.8-16.9
Net income-18.4-19.7-23.6-22.8-24.0-22.5-24.0-23.4-21.1-17.8-20.7-22.9-21.3-21.7-19.9-19.4-18.2-16.0-16.8-16.9
Net margin-853%-644%-714%-630%-606%-489%-591%-585%-507%-401%-674%-744%-529%-544%-474%-479%-442%-381%-603%-545%
Diluted EPS-$0.30-$0.33-$0.38-$0.37-$0.38-$0.36-$0.38-$0.37-$0.33-$0.28-$0.32-$0.35-$0.35-$0.37-$0.34-$0.33-$0.32-$0.29-$0.30-$0.31
Operating cash flow-8.8-12.4-19.2-14.0-13.4-14.3-19.3-15.1-14.4-10.2-10.5-10.1-14.1-11.5-11.4-14.7-7.6-10.8-15.4-9.6
Capital expenditure2.61.31.11.52.75.00.11.14.21.80.81.22.2n/a0.70.60.30.30.30.0
Free cash flow-11.4-13.7-20.2-15.5-16.1-19.2-19.5-16.3-18.6-12.0-11.2-11.2-16.3n/a-12.1-15.2-7.8-11.1-15.7-9.6
Buybacks0.00.00.0-0.00.00.00.00.00.00.0n/an/a-3.7n/an/an/an/an/an/an/a
Shares outstanding62m62m62m63m63m63m64m64m64mn/an/an/an/an/an/an/an/a56m55m55m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-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.

Income statement (profit and loss), 6 fiscal years and the trailing twelve months

FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue0.76.615.516.714.216.614.2
Cost of revenue0.03.28.48.27.18.17.4
Gross profit0.73.47.18.57.18.56.8
Gross margin100.0%51.6%45.8%51.1%49.8%51.1%47.7%
Research and development18.929.145.853.050.643.937.6
Selling, general and administrative15.445.858.559.056.642.640.1
Operating income-33.6-71.5-97.2-103-100-78.0-70.8
Operating margin-5129.4%-1080.1%-627.6%-621.0%-706.4%-470.5%-498.2%
Interest expense0.00.00.0n/an/an/an/a
Pre-tax incomen/an/an/a-86.3-86.5-73.4-67.9
Income tax0.00.00.00.00.10.20.1
Net income-32.8-71.2-93.0-86.3-86.6-73.6-68.0
Net margin-4996.2%-1075.5%-600.1%-517.8%-611.1%-444.0%-478.0%
Diluted EPS-$2.48-$1.17-$1.49-$1.35-$1.39-$1.28-$1.22
Filing10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
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 and capital returned

FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-20.8-46.3-60.8-59.1-46.1-44.4-43.4
Capital expenditure4.56.910.37.33.61.80.9
Free cash flow-25.4-53.3-71.0-66.4-49.7-46.2-44.2
Free cash flow margin-3866.2%-805.0%-458.6%-398.4%-350.7%-279.0%-311.1%
Cash from investing-34.6-171-12337.965.961.536.2
Cash from financing3711173.90.5-11.5-10.6-4.7
Depreciation and amortisationn/an/an/a5.45.85.14.6
Share-based compensation7.325.933.734.428.215.410.6
Buybacks0.00.00.00.00.0n/an/a
Dividend per sharen/an/an/a$0.00$0.00$0.00n/a
Diluted shares, weighted13m61m62m64m62m57m55m
Shares outstanding at period end59m62m63mn/an/an/a55m
Filing10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity432503447397328259226
Debt0.00.00.00.00.00.00.0
Operating lease liabilities0.022.528.026.023.721.119.7
Other liabilities10.713.812.913.415.415.711.3
Total liabilities and equity442539488436367296257
Owned
Fixed assets8.413.119.422.218.614.812.2
Investments98.3260373341259193183
Cash and equivalents33423353.232.540.847.326.1
Receivables0.02.54.34.8n/an/an/a
Inventory0.64.14.64.57.47.87.7
Other assets1.526.233.231.741.133.027.3
Total assets442539488436367296257
Filing10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a90.8%2.3%-12.7%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-22.3%-25.5%-28.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Seer's revenue in fiscal 2025?

Seer (SEER) reported revenue of $17 million for fiscal 2025, the year ended 31 December 2025, up 17.0% on the year before.

How much did Seer earn in fiscal 2025?

Net loss was $74 million for fiscal 2025, and the diluted loss per share $1.28.

What is Seer's market cap?

The market cap of Seer was $93 million at the close of 30 October 2026.

How much debt does Seer have?

At 30 June 2026 Seer carried $0 million of debt and $26 million of cash.

Peers: Measuring and Control Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Agilent Technologies, Inc. A$49.3 billion34.4219.6%22.2%8.6%0.540.6%
Waters Corp. WAT$45.4 billion115.381.1%7.1%52.5%0.33n/a
Mettler Toledo International Inc. MTD$36.3 billion37.717,062.4%n/a6.9%164.70n/a
Illumina, Inc. ILMN$35.7 billion40.6428.5%21.2%5.8%0.57n/a
Revvity, Inc. RVTY$17.5 billion74.743.3%12.3%4.1%0.450.2%
Avantor, Inc. AVTR$10.9 billion32.125.8%7.3%0.9%0.63n/a
Bio-Rad Laboratories, Inc. BIO$10.0 billion45.153.1%2.1%1.4%0.17n/a
10x Genomics, Inc. TXG$9.1 billionn/a-9.1%-14.3%-4.3%0.00n/a
Bruker Corp. BRKR$8.7 billionn/a-3.0%-0.9%1.6%0.76n/a
Alamar Biosciences, Inc. ALMR$2.1 billionn/an/an/an/a0.03n/a
Pacific Biosciences of California, Inc. PACB$808 millionn/an/a-83.5%2.0%n/a0.0%
Cytek Biosciences, Inc. CTKB$795 millionn/a-25.0%-21.6%5.4%0.00n/a
All 49 in Measuring and Control Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Thermo Fisher Scientific Inc. TMO$258.2 billion36.7612.9%17.9%8.3%0.760.3%
KLA Corp. KLAC$205.7 billion39.4680.6%n/a15.8%0.880.5%
Danaher Corp. DHR$163.4 billion38.028.1%20.4%5.5%0.490.6%
Trane Technologies plc TT$89.8 billion28.9734.6%17.9%10.3%0.461.0%
AMETEK Inc. AME$55.3 billion35.2514.0%25.9%12.7%0.180.5%
Keysight Technologies, Inc. KEYS$52.3 billion42.2219.2%20.3%25.5%0.38n/a
Agilent Technologies, Inc. A$49.3 billion34.4219.6%22.2%8.6%0.540.6%
Rockwell Automation, Inc. ROK$48.5 billion40.8934.4%22.7%11.3%0.931.2%
Roper Technologies Inc. ROP$46.1 billion19.3313.4%28.0%10.9%0.610.8%
Waters Corp. WAT$45.4 billion115.381.1%7.1%52.5%0.33n/a
Teradyne, Inc. TER$42.8 billion31.4737.2%32.1%74.9%0.000.2%
Coherent Corp. COHR$41.2 billion51.167.4%11.9%22.5%0.30n/a
Mettler Toledo International Inc. MTD$36.3 billion37.717,062.4%n/a6.9%164.70n/a
Illumina, Inc. ILMN$35.7 billion40.6428.5%21.2%5.8%0.57n/a
Veralto Corp. VLTO$27.0 billion27.5031.0%21.8%6.4%0.900.5%
Fortive Corp. FTV$19.4 billion31.0611.0%19.6%7.0%0.590.4%
Revvity, Inc. RVTY$17.5 billion74.743.3%12.3%4.1%0.450.2%
Trimble Inc. TRMB$15.1 billionn/a-2.0%17.0%5.8%0.29n/a
MKS Inc. MKSI$13.6 billion32.1814.7%15.7%16.3%1.320.5%
Avantor, Inc. AVTR$10.9 billion32.125.8%7.3%0.9%0.63n/a
Bio-Rad Laboratories, Inc. BIO$10.0 billion45.153.1%2.1%1.4%0.17n/a
Onto Innovation Inc. ONTO$9.9 billion75.706.9%12.0%8.1%0.00n/a
Cognex Corp. CGNX$9.4 billion54.5310.7%21.9%17.1%0.000.6%
10x Genomics, Inc. TXG$9.1 billionn/a-9.1%-14.3%-4.3%0.00n/a
Bruker Corp. BRKR$8.7 billionn/a-3.0%-0.9%1.6%0.76n/a
Ralliant Corp. RAL$7.4 billionn/a-80.4%-53.3%n/a0.750.3%
Sensata Technologies Holding plc ST$5.9 billion16.1112.0%15.1%4.1%0.781.2%
Vontier Corp. VNT$4.9 billion14.7829.2%18.8%0.9%1.590.3%
Mirion Technologies, Inc. MIR$4.5 billion157.861.6%6.0%19.6%0.67n/a
Badger Meter Inc. BMI$4.2 billion34.2719.4%18.8%-2.2%0.001.1%
Itron, Inc. ITRI$4.2 billion15.4916.5%13.7%-3.6%0.95n/a
Cohu Inc. COHU$2.6 billionn/a-2.9%-2.4%34.0%0.38n/a
Alamar Biosciences, Inc. ALMR$2.1 billionn/an/an/an/a0.03n/a
Aehr Test Systems AEHR$1.8 billionn/a-3.2%-28.3%-15.2%0.00n/a
Allient Inc. ALNT$1.5 billion50.309.2%8.4%10.6%0.560.2%
Pacific Biosciences of California, Inc. PACB$808 millionn/an/a-83.5%2.0%n/a0.0%
Transcat Inc. TRNS$808 millionn/an/an/an/a0.36n/a
Cytek Biosciences, Inc. CTKB$795 millionn/a-25.0%-21.6%5.4%0.00n/a
Frequency Electronics Inc. FEIM$744 million271.482.2%2.5%6.3%0.00n/a
Mesa Laboratories Inc. MLAB$716 million152.232.5%9.0%3.0%0.760.5%
Senseonics Holdings, Inc. SENS$504 millionn/a-121.1%-223.2%90.6%0.62n/a
908 Devices Inc. MASS$427 millionn/an/an/an/a0.00n/a
Nautilus Biotechnology, Inc. NAUT$349 millionn/an/an/an/a0.00n/a
Quantum-Si Inc. QSI$317 millionn/a-54.7%-6,887.8%-53.0%0.00n/a
Intest Corp. INTT$184 million119.380.9%0.5%5.4%0.06n/a
Hurco Companies Inc. HURC$143 millionn/a-3.4%-2.8%-1.9%n/an/a
Kewaunee Scientific Corp. KEQU$95 million11.9411.0%5.4%5.3%0.25n/a
Seer, Inc. SEER$93 millionn/a-30.1%-498.2%-12.7%0.000.0%
Rapid Micro Biosystems, Inc. RPID$37 millionn/a-288.5%-141.5%16.1%1.08n/a
15 companies share its SEC industry code (Laboratory Analytical Instruments); the rest are the names nearest in size in its wider industry, Measuring and Control Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202611 August 2026EDGAR
10-Q31 March 202613 May 2026EDGAR
10-K/A31 December 202530 April 2026EDGAR
10-K31 December 20252 March 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 202513 May 2025EDGAR
10-K/A31 December 202430 April 2025EDGAR
10-K31 December 20243 March 2025EDGAR
10-Q30 September 20246 November 2024EDGAR