Filing Flows

Filing Flows › AbCellera Biologics (ABCL) › Q2 2026 › vs Q2 2025

AbCellera Biologics (ABCL) Q2 2026 vs Q2 2025 (year over year)

AbCellera Biologics's revenue fell $13.0M (-76%) from $17.1M in Q2 2025 to $4.0M in Q2 2026. The biggest changes: Licensing and royalty revenue −$10.3M (-99%); Research fees −$2.7M (-41%).

AbCellera Biologics, Q2 2026: revenue $4.0M (-76% year over year), net loss $55.4M, operating cash flow $25.9M. The chart draws each line against Q2 2025, the increases inside each band.

AbCellera Biologics: what changed, Q2 2026 vs Q2 2025AbCellera Biologics: what changed, Q2 2026 vs Q2 2025Working capital & other$79.4MOperating cash sources$79.0MFree cash flow (OCF − capex)$69.6MOperating cash flow$58.3MNet loss$20.7MNet loss absorbed$20.7MCapital expenditures−$11.2MLicensing and royalty revenue−$10.3MOther income, net−$9.4MResearch & development$6.8M

Margins

Q2 2026Q2 2025Change
Free cash flow margin587.4%-267.9%+855.3 pts

Every line

LineQ2 2026Q2 2025Change%
Research fees$3.9M$6.6M−$2.7M-41%
Licensing and royalty revenue$149K$10.4M−$10.3M-99%
Revenue$4.0M$17.1M−$13.0M-76%
Other income, net$3.8M$13.2M−$9.4M-71%
Income tax benefit$3.5M$1.6M$1.9M+119%
Net loss$55.4M$34.7M$20.7M+60%
Costs & expenses$66.8M$66.7M$158K+0.2%
Operating costs$66.8M$66.7M$158K+0.2%
Research & development$46.0M$39.2M$6.8M+17%
Other operating costs$7.0M$5.5M$1.5M+28%
Operating cash sources$81.3M$2.3M$79.0M35×
Depreciation & amortization$7.0M$5.5M$1.5M+28%
Share-based compensation$12.3M$14.2M−$1.9M-14%
Working capital & other$62.1M−$17.4M$79.4M—
Net loss absorbed$55.4M$34.7M$20.7M+60%
Operating cash flow$25.9M−$32.4M$58.3M—
Free cash flow (OCF − capex)$23.8M−$45.8M$69.6M—
Capital expenditures$2.1M$13.4M−$11.2M-84%

Questions

How much did AbCellera Biologics's revenue grow year over year in Q2 2026?

AbCellera Biologics's revenue fell $13.0M (-76%) from $17.1M in Q2 2025 to $4.0M in Q2 2026.

What drove AbCellera Biologics's revenue change in Q2 2026?

Licensing and royalty revenue −$10.3M (-99%); Research fees −$2.7M (-41%).

Q2 2026 results → · Compare in the interactive Sankey →