Saturday 7 November 2026
Export SEER’s income statement to Excel — free account
Seer, Inc.
SEER Healthcare Biotechnology
Seer, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.6 million, up 17.0% from fiscal 2024.
- Revenue
- −23.4%
- EPS
- +6.06%
- Free cash flow
- +36.7%
Quarter to June 2026, against a year earlier
1.64
0.01
+0.61%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 0 | 1 | 7 | 15 | 17 | 14 | 17 | 14 | +128.7% | 16 | 19 | 26 | +16.0% | |
| Gross margin, % | — | — | 0.00 | 100.00 | 100.00 | 51.56 | 45.78 | 51.05 | 49.79 | 51.06 | 47.70 | +51.1 pt | ||||||
| EBT | — | — | (6) | (16) | (33) | (71) | (93) | (86) | (87) | (73) | (68) | +42.0% | ||||||
| EBT margin, % | — | — | 0.00 | (13,825.86) | (4,996.19) | (1,075.55) | (600.05) | (517.84) | (610.45) | (442.75) | (477.55) | (442.7) pt | ||||||
| Net income | — | 0 | (6) | (16) | (33) | (71) | (93) | (86) | (87) | (74) | (68) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 0.00 | 0.02 | 0.05 | 0.11 | 0.25 | 0.26 | 0.23 | 0.29 | 0.26 | n/m | |||||
| Earnings | — | — | (0.10) | (2.31) | (2.48) | (1.17) | (1.49) | (1.35) | (1.39) | (1.28) | (1.22) | +43.9% | ||||||
| Cash flow | — | — | (0.08) | (1.88) | (1.58) | (0.76) | (0.97) | (0.93) | (0.74) | (0.77) | (0.79) | +39.2% | ||||||
| Capex | — | — | 0.00 | (0.59) | (0.34) | (0.11) | (0.16) | (0.11) | (0.05) | (0.02) | (0.01) | n/m | ||||||
| Free cash flow | — | — | (0.08) | (2.47) | (1.92) | (0.88) | (1.14) | (1.04) | (0.79) | (0.79) | (0.80) | +39.7% | ||||||
| Book value | — | — | 0.49 | 12.61 | 32.66 | 8.26 | 7.16 | 6.22 | 5.25 | 4.51 | 4.09 | +37.2% | ||||||
| Shares, m | — | — | 61 | 7 | 13 | 61 | 62 | 64 | 62 | 57 | 56 | (0.8%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | 1,536.28 | 2,044.75 | 209.81 | 23.57 | 7.43 | 10.16 | 6.34 | 6.36 | 548.3 | ||||||
| P/B | — | — | — | 0.00 | 3.11 | 2.76 | 0.82 | 0.31 | 0.44 | 0.41 | 0.40 | 1.1 | ||||||
| EV/Sales | — | — | — | 1,308.71 | 1,386.42 | 149.35 | (3.61) | (11.55) | (6.52) | (4.87) | (4.39) | 402.6 | ||||||
| EV/FCF | — | — | — | (13.39) | (35.86) | (18.55) | 0.79 | 2.90 | 1.87 | 1.77 | 1.42 | (8.6) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | (5) | (13) | (21) | (46) | (61) | (59) | (46) | (44) | (43) | +38.1% | |||||
| Capex | — | — | 0 | (4) | (5) | (7) | (10) | (7) | (3) | (1) | (1) | +31.6% | ||||||
| Free cash flow | — | — | (5) | (17) | (25) | (53) | (71) | (66) | (49) | (46) | (44) | +38.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | 28 | 83 | 425 | 398 | 422 | 317 | 238 | 186 | 155 | +31.4% | |||||
| Net debt | — | — | (31) | (86) | (432) | (400) | (421) | (316) | (236) | (186) | (153) | +29.2% | ||||||
| Shareholders’ equity | — | — | 30 | 88 | 432 | 503 | 447 | 397 | 328 | 259 | 226 | +36.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | (37.43) | (25.27) | (12.24) | (14.50) | (18.10) | (18.67) | (21.57) | (22.21) | (23.47) | +15.2 pt | |||||
| ROIC | — | — | 0.00 | (636.04) | 0.00 | (43.44) | (235.97) | (80.15) | (68.63) | (66.40) | (60.78) | (66.4) pt | ||||||
| ROE | — | — | 48.31 | 122.84 | (15.94) | (15.23) | (19.57) | (20.45) | (23.91) | (25.08) | (26.45) | (73.4) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 60 | 118 | 164 | 147 | 134 | 124 | — | +15.6% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.01 | 0.06 | 0.09 | 0.11 | 0.11 | 0.13 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Seer, Inc. vs peers in Biotechnology (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 |
|---|---|---|---|---|---|---|---|---|---|
| VANI Vivani Medical, Inc. | $93.8M | — (loss-making) | — (loss-making) | −71.87% (below 0%: shrinking) | n/m | +0.39% (above 0%: growing) | 0.00% | 0.00% | Compare |
| VXRT VAXART, INC. | $92.4M | 2.8× | — (loss-making) | −85.33% (below 0%: shrinking) | n/m | −57.23% (below 0%: shrinking) | 100.00% | (162.74%) | Compare |
| NMRA Neumora Therapeutics, Inc. | $91.5M | — (loss-making) | — | — | n/m | +24.45% (above 0%: growing) | 0.00% | 0.00% | Compare |
| ICCC ImmuCell Corporation | $90.4M | 117× | — (loss-making) | +11.50% (above 0%: growing) | +233.33% (above 0%: growing) | +54.86% (above 0%: growing) | 33.92% | 26.93% | Compare |
| SEER Seer, Inc. | $90.3M | — (loss-making) | — (loss-making) | −23.43% (below 0%: shrinking) | n/m | +36.73% (above 0%: growing) | 48.55% | (542.91%) | |
| RTSN Retension Pharmaceuticals, Inc. | $89.3M | — | — | — | — | — | — | — | Compare |
| CBUS Cibus, Inc. | $87.1M | — (loss-making) | — (loss-making) | +6.54% (above 0%: growing) | n/m | +31.62% (above 0%: growing) | 100.00% | (1,300.30%) | Compare |
| PLYX Polaryx Therapeutics, Inc. | $86.7M | — (loss-making) | — | — | n/m | −93.09% (below 0%: shrinking) | — | 0.00% | Compare |
| MIST Milestone Pharmaceuticals Inc. | $86.2M | — (loss-making) | — (loss-making) | −62.73% (below 0%: shrinking) | n/m | −80.81% (below 0%: shrinking) | 94.28% | (4,584.97%) | Compare |
| Median of peers | $89.8M | — | — | −62.73% | — | +0.39% | 64.10% | 0.00% |
Pay and ownership Proxy statement filed 28 May 2025
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2024 | 3.55m | 4.58m | 10.13 |
| 2023 | 5.20m | (136.66k) | 8.51 |
| 2022 | 6.74m | (15.54m) | 25.43 |
Ownership
Directors and executive officers, together
39.80%
Omid Farokhzad, M.D.
38.00%
SoftBank SB Global Advisers Limited
5.40%
aMoon Fund Growth Fund Limited Partnership
5.10%
Invus Public Equities, LP
4.40%
Radoff Bradley Louis
3.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement