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Absci (ABSI) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Absci (ABSI) Q2 2026 earnings results →

Q2 2026 Revenue down 46% year over year to $318K

Absci made $318K in Q2 2026 (-46% Y/Y). Operating margin n/m, net loss $33.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.

Revenue$318K
Year over year-46%
Operating marginn/m
Net earnings−$33.2M
Operating cash flow−$27.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $318K in Q2 2026, down 46% year over year and up 48% from the previous quarter.

Operating costs exceeded revenue by $34.2M, an operating margin of -10741.5%. Total costs grew 8% against a revenue fall of 46%. The fastest-growing cost line was Research & development (+11%). The quarter ended with a net loss of $33.2M, wider than the previous quarter's $29.6M loss.

Operating cash flow was −$27.6M. Non-cash charges added back $2.7M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $2.3M. Capital expenditures of $1K exceeded it, leaving free cash flow of −$27.6M.

Quarterly history

Absci revenue by quarterAbsci revenue by quarter$665KQ4 2024$1.2MQ1 2025$593KQ2 2025$378KQ3 2025$650KQ4 2025$215KQ1 2026$318KQ2 2026
Absci net earnings by quarterAbsci net earnings by quarter−$29.0MQ4 2024−$26.3MQ1 2025−$30.6MQ2 2025−$28.7MQ3 2025−$29.6MQ4 2025−$29.6MQ1 2026−$33.2MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 11, 2026$318K-46%n/m−$33.2M−$27.6M
Q1 202610-QMay 7, 2026$215K-82%n/m−$29.6M−$26.3M
Q4 202510-KMar 24, 2026$650K-2%n/m−$29.6M−$29.2M
Q3 202510-QNov 12, 2025$378K-78%n/m−$28.7M−$25.0M
Q2 202510-QAug 12, 2025$593K-53%n/m−$30.6M−$16.9M
Q1 202510-QMay 13, 2025$1.2M+31%n/m−$26.3M−$21.8M
Q4 202410-KMar 18, 2025$665K+97%n/m−$29.0M−$17.0M

Charts

Absci: revenue growth, year over year and quarter over quarterAbsci: revenue growth, year over year and quarter over quarterY/YQ/Q+97%Q4 2024+31%+77%Q1 2025-53%-50%Q2 2025-78%-36%Q3 2025-2%+72%Q4 2025-82%-67%Q1 2026-46%+48%Q2 2026
Latest (Q2 2026): Y/Y -46%, Q/Q +48%.
Absci: where the cash came from (+) and went (−), TTM to Q2 2026Absci: where the cash came from (+) and went (−), TTM to Q2 2026Shares issued$176MOperating cash flow−$108MCash drawn (+) / kept (−)−$53.6MOther investing−$12.0MNet borrowing (+) / repaid (−)−$2.0MCapital spending−$890KAsset & business sales$175K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Absci: profit against cash, quarter by quarterAbsci: profit against cash, quarter by quarterNet incomeOperating cash flow−$27.4M−$20.7MQ3 2024−$29.0M−$17.0MQ4 2024−$26.3M−$21.8MQ1 2025−$30.6M−$16.9MQ2 2025−$28.7M−$25.0MQ3 2025−$29.6M−$29.2MQ4 2025−$29.6M−$26.3MQ1 2026−$33.2M−$27.6MQ2 2026
Latest (Q2 2026): Net income −$33.2M, Operating cash flow −$27.6M.
Absci: diluted shares by fiscal year (split-adjusted)Absci: diluted shares by fiscal year (split-adjusted)93MFY202099MFY202191MFY202292MFY2023110MFY2024137MFY2025
+47.1% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY2022, 3-for-1 split before FY2021.
Absci in its industry: growth against margin (12 companies, SIC 8731)Absci in its industry: growth against margin (12 companies, SIC 8731)revenue growth, year over year →↑ operating marginmedian +8%median -46%IQVINCYCRLMEDPNRCMXCTFOXOOABIBIAFONMDISPCABSI (-46%, -100%)
Services-Commercial Physical & Biological Research; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Absci

We are a clinical-stage biopharmaceutical company using an AI-native approach to develop differentiated antibody therapeutics. Our integrated drug creation platform combines Origin-1, our generative design model, with rapid validation using our lab-in-the-loop. We focus on underexplored mechanisms where unmet medical need is high and competition is low. We have advanced our first two programs from AI design to IND (or foreign equivalent) in around two years with a total investment of approximately $15 million per program, compared to an industry average of 4–6 years at a cost of greater than $50 million. This combination of underexplored target selection and capital-efficient execution is central to our strategy.

In its own words, from its 10-K, filed Mar 24, 2026.

Absci against its Services-Commercial Physical & Biological Research peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -46% against the peers' median +8%.

CompanyQuarterRevenueY/YOp. margin
ABSI AbsciQ2 2026$318K-46%n/m
IQV IQVIA HoldingsQ3 2026$4.4B+8%12.9%
INCY IncyteQ3 2026$1.6B+14%-45.5%
CRL Charles River Laboratories InternationalQ3 2026$983M-2%20.6%
MEDP Medpace HoldingsQ3 2026$716M+8%23.1%
NRC NRC HealthQ3 2026$38.4M+11%23.2%
MXCT MaxcyteQ2 2026$7.3M-14%-140.7%
FOXO Foxo TechnologiesQ2 2026$4.7M-10%185.5%
OABI OmniAbQ3 2026$4.0M+78%-409.9%

Source: Absci 10-Q on SEC EDGAR · CIK 1672688 · Services-Commercial Physical & Biological Research

13F: who owns ABSI and who is buying

Largest holders of ABSI (13F)Largest holders of ABSI (13F)FMR LLC$295MARK Investment Management LLC$150MBlackRock$141MState Street$93.8MAmeriprise Financial$81.0MRedmile Group, LLC$78.1MVanguard Capital Management LLC$71.0MAdvanced Micro Devices$66.2MAdage Capital Partners GP, L.L.C.$66.1MTwo Sigma Investments, LP$63.7M
Funds' net buying of ABSI by quarter (13F)Funds' net buying of ABSI by quarter (13F)$4.5M2024-09$1.6M2024-12$28.3M2025-03$10.6M2025-06$15.2M2025-09$65.0M2025-12$12.8M2026-03$288M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ABSI

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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