Ginkgo Bioworks reported a net loss of $90.957 million in Q1 2025, an improvement from the $165.911 million net loss in Q1 2024. Total revenue increased to $48.318 million, driven by a significant increase in Cell Engineering revenue.
Net loss decreased significantly from $165.911 million in Q1 2024 to $90.957 million in Q1 2025.
Total revenue increased by approximately 27.4% to $48.318 million in Q1 2025.
Cell Engineering revenue saw substantial growth, increasing from $27.889 million in Q1 2024 to $38.230 million in Q1 2025.
Cash and cash equivalents decreased to $312.420 million as of March 31, 2025, compared to $561.572 million as of December 31, 2024.
The report mentions full year 2025 guidance is available in the webcast presentation and supplemental financial information, but does not provide specific figures in the text.