Saturday 17 October 2026
Export MXCT’s income statement to Excel — free account
MaxCyte, Inc.
MXCT Healthcare Medical Devices
MaxCyte, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $33.0 million, down 14.5% from fiscal 2024. In the quarter to June 2026, revenue fell 14.5%, EPS grew 33.3% and free cash flow grew 54.7%, each against the same quarter a year earlier.
1.30
0.00
0.00%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | 1.63 | 1.63 | 5.85 | 3.36 | 2.45 | 3.17 | 1.26 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | 1.63 | 6.13 | 17.44 | 10.88 | 6.02 | 5.55 | 5.20 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 65 | 84 | 125 | 143 | 114 | 91 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.40 | 0.40 | 0.35 | 0.29 | 0.34 | 0.36 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 11 | 19 | 21 | 22 | 26 | 34 | 44 | 41 | 39 | 33 | ||||
| Gross margin, % | 89.34 | 89.61 | 88.96 | 88.44 | 89.43 | 89.24 | 88.48 | 88.51 | 81.62 | 81.16 | |||||
| EBT | (3) | (13) | (11) | (13) | (12) | (19) | (24) | (38) | (41) | (45) | |||||
| EBT margin, % | (27.27) | (70.91) | (53.21) | (59.64) | (45.15) | (56.30) | (53.25) | (91.85) | (106.29) | (135.14) | |||||
| Net income | (3) | 0 | (11) | (13) | (12) | (19) | (24) | (38) | (41) | (45) | |||||
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 0 | (3) | (2) | 5 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.34 | 0.39 | 0.42 | 0.38 | 0.38 | 0.37 | 0.44 | 0.40 | 0.37 | 0.31 | ||||
| Earnings | (0.11) | (0.27) | (0.22) | (0.23) | (0.17) | (0.21) | (0.23) | (0.37) | (0.39) | (0.42) | |||||
| Cash flow | (0.06) | (0.27) | (0.26) | (0.16) | (0.13) | (0.12) | (0.15) | (0.21) | (0.26) | (0.32) | |||||
| Capex | 0.00 | 0.00 | 0.00 | (0.02) | (0.03) | (2.96) | (2.86) | (0.04) | (0.02) | (0.02) | |||||
| Free cash flow | (0.06) | (0.27) | (0.26) | (0.18) | (0.16) | (3.08) | (3.01) | (0.25) | (0.28) | (0.34) | |||||
| Book value | 0.15 | 0.54 | 0.31 | 0.24 | 0.48 | 2.90 | 2.50 | 2.25 | 1.97 | 1.61 | |||||
| Shares, m | 34 | 49 | 51 | 56 | 69 | 91 | 102 | 103 | 105 | 106 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 0.00 | 0.00 | 0.00 | 0.00 | 16.27 | 27.24 | 11.76 | 12.51 | 11.29 | 5.00 | |||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 12.82 | 3.51 | 2.05 | 2.22 | 2.11 | 0.96 | |||||
| EV/Sales | 0.00 | 0.00 | 0.00 | 0.00 | 15.13 | 19.86 | 6.74 | 8.55 | 7.42 | 2.02 | |||||
| EV/FCF | 0.00 | 0.00 | 0.00 | 0.00 | (36.48) | (2.41) | (0.98) | (13.91) | (9.79) | (1.85) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (2) | (13) | (13) | (9) | (9) | (11) | (15) | (22) | (28) | (34) | ||||
| Capex | 0 | (1) | (1) | (1) | (2) | (269) | (291) | (4) | (2) | (2) | |||||
| Free cash flow | (2) | (13) | (13) | (10) | (11) | (279) | (306) | (25) | (29) | (36) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 10 | 31 | 20 | 15 | 34 | 255 | 237 | 172 | 156 | 104 | ||||
| Total debt | 5 | 7 | 6 | 5 | 5 | 7 | 19 | — | — | — | |||||
| Net debt | (7) | (27) | (12) | (12) | (30) | (255) | (227) | (168) | (154) | (103) | |||||
| Shareholders’ equity | 5 | 26 | 16 | 14 | 33 | 263 | 254 | 232 | 206 | 171 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (14.86) | (166.91) | (48.21) | (42.21) | (28.90) | (11.36) | (8.26) | (13.67) | (16.17) | (20.20) | ||||
| ROIC | 0.00 | 0.00 | 0.00 | (434.02) | (204.47) | (144.75) | (64.22) | (47.26) | (61.81) | (47.39) | |||||
| ROE | (28.58) | (84.92) | (53.85) | (87.88) | (50.47) | (12.89) | (9.12) | (15.60) | (18.73) | (23.63) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
MaxCyte, Inc. vs peers in Medical Devices (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| RXST RxSight, Inc. | $194.2M | — (loss-making) | — (loss-making) | +0.31% (above 0%: growing) | n/m | −94.39% (below 0%: shrinking) | 76.72% | (40.81%) | Compare |
| INGN Inogen, Inc | $167.1M | — (loss-making) | — (loss-making) | +3.04% (above 0%: growing) | n/m | −51.15% (below 0%: shrinking) | 45.51% | (5.36%) | Compare |
| STIM Neuronetics, Inc. | $148.6M | — (loss-making) | — (loss-making) | +9.08% (above 0%: growing) | n/m | +62.06% (above 0%: growing) | 51.06% | (3.61%) | Compare |
| QTRX Quanterix Corporation | $145.2M | — (loss-making) | — (loss-making) | +34.44% (above 0%: growing) | n/m | +18.92% (above 0%: growing) | 38.52% | (150.22%) | Compare |
| MXCT MaxCyte, Inc. | $134.2M | — (loss-making) | — (loss-making) | −14.53% (below 0%: shrinking) | n/m | +54.74% (above 0%: growing) | 76.96% | (140.72%) | |
| OWLT Owlet, Inc. | $129.8M | — (loss-making) | — (loss-making) | +29.94% (above 0%: growing) | n/m | +55.74% (above 0%: growing) | 64.44% | 5.14% | Compare |
| APYX Apyx Medical Corporation | $107.8M | — (loss-making) | — (loss-making) | +22.08% (above 0%: growing) | n/m | −137.38% (below 0%: shrinking) | 63.89% | (13.01%) | Compare |
| LUCD Lucid Diagnostics Inc. | $105.7M | — (loss-making) | — (loss-making) | +26.74% (above 0%: growing) | n/m | −7.04% (below 0%: shrinking) | 1.97% | (868.45%) | Compare |
| ZOMDF Zomedica Corp. | $95.4M | — (loss-making) | — (loss-making) | +36.59% (above 0%: growing) | n/m | +40.48% (above 0%: growing) | 63.51% | (42.92%) | Compare |
| Median of peers | $137.5M | — | — | +24.41% | — | +5.94% | 57.29% | (26.91%) |
MaxCyte, Inc. (MXCT) key facts
- Concern: MaxCyte, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $33.0 million, down 14.5% from fiscal 2024.
- Concern: MaxCyte, Inc. reported a net loss of $44.6 million, or a loss of $0.42 per share, for fiscal 2025.
- MaxCyte, Inc. (MXCT) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
- As of October 16, 2026, MXCT traded at $1.30, a market capitalization of $134.2 million.
- Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 4.5× sales.
- Return on equity was −23.6% and debt-to-equity 0.00.
- Its Piotroski F-score is 2 out of 9 and its Altman Z-score is 1.32 (distress zone) for fiscal 2025.
MaxCyte, Inc. (MXCT) Latest News
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