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Sep 30
Quanterix Q3 2025 Earnings Report
Quanterix reported higher revenues in Q3 2025 but faced margin pressure and increased integration-related losses.
Key Takeaways
Quanterix delivered 12.3% revenue growth in Q3 2025, driven by product sales, but posted a larger net loss due to acquisition, integration, and restructuring costs. Despite this, the company continued executing integration milestones from its Akoya acquisition and reiterated its full-year revenue outlook.
Q3 2025 revenue increased 12.3% YoY to $40.2M.
GAAP net loss widened to $33.5M, or -$0.73 per share.
Adjusted EBITDA loss grew to $11.9M, driven by integration and restructuring costs.
Cash and marketable securities totaled $138.1M at quarter-end.
Quanterix
Quanterix
Quanterix Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comService & Other Revenue
CapyFin.comCollaboration & License Revenue
CapyFin.comGrant Revenue
CapyFin.com Forward Guidance
Quanterix reiterated full-year 2025 revenue guidance of $130–$135M, with pro forma revenue expected between $165–$170M. Gross margin is forecasted between 45% and 47%, and adjusted cash usage is projected to be $34–$38M for the year.
Positive Outlook
- Reiterated full-year revenue guidance of $130–$135M.
- Pro forma full-year revenue expected to reach up to $170M.
- Adjusted gross margin expected to improve to 45%–47%.
- Adjusted cash usage projected to decline in Q4 2025.
- Cash flow breakeven expected in 2026.
Challenges Ahead
- GAAP and adjusted EBITDA losses widened YoY.
- Significant impairment and restructuring charges in Q3.
- Decline in collaboration and grant revenues YoY.
- Gross margin dropped from 56.3% to 42.8% YoY.
- Heavy integration and acquisition-related costs impacted profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income