Ginkgo Bioworks Holdings IncGinkgo Bioworks Holdings Inc
Ginkgo Bioworks Holdings Inc

Ginkgo Bioworks Holdings Inc

DNA
Health Care·Biotechnology

Ginkgo Bioworks Holdings, Inc. engages in developing biological engineering products and custom microbes. Its platform enables biotechnology applications across diverse markets, from food, agriculture, industrial chemicals, and pharmaceuticals. It operates through the Cell Engineering and Biosecurity segments. The Cell Engineering segment includes end-to-end cell engineering solutions and cell engineering tools offerings for biological research and development. The Biosecurity segment focuses on biomonitoring and bioinformatics support services, offered to both government and non-government customers through its Canopy and Horizon offerings. The company was founded by Jason Kelly, Reshma Shetty, Bartholomew Canton, Austin Che, and Thomas F. Knight, Jr. in 2008 and is headquartered in Boston, MA.

Massachusetts; U.S.A
Market cap
No dataNo data
Revenue
$170.2M−25.1% YoY
Net income
$-312.8M+42.8% YoY
Free cash flow
$-178.7M+53.2% YoY

Market

Listed stock
DNAPriceNYSE
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Financial performance

Revenue
$170.2M−25.1% YoY
Operating income
$-315.3M+43.7% YoY
Net income
$-312.8M+42.8% YoY
Free cash flow
$-178.7M+53.2% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $313.8M, 2022 $477.7M, 2023 $251.5M, 2024 $227M, 2025 $170.2M. Operating income: 2021 $-1.8B, 2022 $-2.2B, 2023 $-864.4M, 2024 $-559.8M, 2025 $-315.3M. Net income: 2021 $-1.8B, 2022 $-2.1B, 2023 $-892.9M, 2024 $-547M, 2025 $-312.8M. Free cash flow: 2021 $-310.3M, 2022 $-304.5M, 2023 $-336.3M, 2024 $-382.1M, 2025 $-178.7M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-25.1%−1535 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $-1.8B, 2022-12-31 $-2.2B, 2023-12-31 $-864.4M, 2024-12-31 $-559.8M, 2025-12-31 $-315.3M. Net income: 2021-12-31 $-1.8B, 2022-12-31 $-2.1B, 2023-12-31 $-892.9M, 2024-12-31 $-547M, 2025-12-31 $-312.8M. Free cash flow: 2021-12-31 $-310.3M, 2022-12-31 $-304.5M, 2023-12-31 $-336.3M, 2024-12-31 $-382.1M, 2025-12-31 $-178.7M

Growth heatmap

2022202320242025CAGR
Revenue
+52.2%
-47.4%
-9.7%
-25.1%
-14.2%
Gross profit
+100.6%
+4745.0%
-9.7%
-28.9%
No data
Operating income
-20.8%
+60.9%
+35.2%
+43.7%
No data
Free cash flow
+1.9%
-10.5%
-13.6%
+53.2%
No data

Earnings quality

Operating cash flow
$-171.1M+46.5% YoY
Net income
$-312.8M+42.8% YoY
Free cash flow
$-178.7M+53.2% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 55%, 2024-12-31 58%, 2023-12-31 33%, 2022-12-31 12%, 2021-12-31 14%. Free cash flow: 2025-12-31 57%, 2024-12-31 70%, 2023-12-31 38%, 2022-12-31 14%, 2021-12-31 17%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
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Price to sales
No data
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No data
EV / EBITDA
No data
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Free cash flow yield
No data
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No data