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Ginkgo Bioworks Holdings (DNA) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Ginkgo Bioworks Holdings (DNA) Q2 2026 earnings results →

Q2 2026 Revenue down 48% year over year to $20.2M · 232¢ of every $1 of revenue lost · operating margin -290.5%

Ginkgo Bioworks Holdings made $20.2M in Q2 2026 (-48% Y/Y). Operating margin -290.5%, net loss $46.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.

Revenue$20.2M
Year over year-48%
Operating margin-290.5%
Net earnings−$46.7M
Operating cash flow−$44.3M

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 $20.2M in Q2 2026, down 48% year over year and up 4% from the previous quarter.

Operating costs exceeded revenue by $58.5M, an operating margin of -290.5%. Total costs fell 19% while revenue fell 48%. The quarter ended with a net loss of $46.7M, narrower than the previous quarter's $82.6M loss. Non-operating items added $12.0M, -26% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$44.3M. Non-cash charges added back $12.3M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items used $17.5M. Capital expenditures of $2.6M exceeded it, leaving free cash flow of −$46.9M.

Quarterly history

Ginkgo Bioworks Holdings revenue by quarterGinkgo Bioworks Holdings revenue by quarter$43.8MQ4 2024$48.3MQ1 2025$49.6MQ2 2025$38.8MQ3 2025$33.4MQ4 2025$19.5MQ1 2026$20.2MQ2 2026
Ginkgo Bioworks Holdings net earnings by quarterGinkgo Bioworks Holdings net earnings by quarter−$108MQ4 2024−$91.0MQ1 2025−$60.3MQ2 2025−$80.8MQ3 2025−$80.8MQ4 2025−$82.6MQ1 2026−$46.7MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 6, 2026$20.2M-48%-290.5%−$46.7M−$44.3M
Q1 202610-QMay 7, 2026$19.5M-49%-366.5%−$82.6M−$46.7M
Q4 202510-KFeb 26, 2026$33.4M-24%-211.9%−$80.8M−$47.7M
Q3 202510-QNov 6, 2025$38.8M-56%-231.8%−$80.8M−$31.6M
Q2 202510-QAug 7, 2025$49.6M-12%-132.1%−$60.3M−$40.3M
Q1 202510-QMay 6, 2025$48.3M+27%-184.1%−$91.0M−$51.5M
Q4 202410-KFeb 25, 2025$43.8M+26%-236.3%−$108M−$42.4M

Charts

Ginkgo Bioworks Holdings: revenue growth, year over year and quarter over quarterGinkgo Bioworks Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q+26%Q4 2024+27%+10%Q1 2025-12%+3%Q2 2025-56%-22%Q3 2025-24%-14%Q4 2025-49%-42%Q1 2026-48%+4%Q2 2026
Latest (Q2 2026): Y/Y -48%, Q/Q +4%.
Ginkgo Bioworks Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Ginkgo Bioworks Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow−$170MCash drawn (+) / kept (−)$79.3MOther investing$61.1MShares issued$36.5MCapital spending−$4.6MOther financing−$1.9MExchange rates−$145KNet borrowing (+) / repaid (−)−$68K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Ginkgo Bioworks Holdings: profit against cash, quarter by quarterGinkgo Bioworks Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow−$56.4M−$104MQ3 2024−$108M−$42.4MQ4 2024−$91.0M−$51.5MQ1 2025−$60.3M−$40.3MQ2 2025−$80.8M−$31.6MQ3 2025−$80.8M−$47.7MQ4 2025−$82.6M−$46.7MQ1 2026−$46.7M−$44.3MQ2 2026
Latest (Q2 2026): Net income −$46.7M, Operating cash flow −$44.3M.
Ginkgo Bioworks Holdings: diluted shares by fiscal yearGinkgo Bioworks Holdings: diluted shares by fiscal year1.27BFY20201.36BFY202142MFY202249MFY202352MFY202455MFY2025
-95.6% since FY2020: buybacks shrank the count.
Ginkgo Bioworks Holdings in its industry: growth against margin (76 companies, SIC 2836)Ginkgo Bioworks Holdings in its industry: growth against margin (76 companies, SIC 2836)revenue growth, year over year →↑ operating marginmedian +9%median -100%AMGNGILDBIIBMRNANBIXEXELHALOMGTXTECHVIRRGENTARSBCRXALECADMAKRYSIOVATWSTIPSCIMCRVISKVCELADPTNVAXKYMRGLUEIBRXAUTLAGENPLXRXRXFENCCSBRCHRSIVVDCRSPEDITDTILVXRTSTRORGNXCCCCBSEMSCLXACOGTSHASRZNVYGRFDMTLENZALGSXFORELUTFATEOCGNSCTXCRBUCGONDBVTINBXMGXLCTXTCRXDYAIPRMEATRAVitro Biopharma, Inc.HUMARLAYPLURBEAMPROKCRDFAIMVIVSDNA (-48%, -100%)
Biological Products, (No Diagnostic Substances); dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵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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Customers and suppliers named in filings

Buys from

About Ginkgo Bioworks Holdings

Unless the context otherwise requires, all references in this section to the “Company,” “Ginkgo,” “we,” “us,” or “our” refer to the business of Ginkgo Bioworks Holdings, Inc. and our subsidiaries. Our mission is to make biology easier to engineer. That has never changed. Every choice we’ve made with respect to our business model, our platform, our people, and our culture is grounded in whether it will advance our mission.

In its own words, from its 10-K, filed Feb 26, 2026.

Ginkgo Bioworks Holdings against its Biological Products, (No Diagnostic Substances) peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -48% against the peers' median +11%. Operating margin: -290.5% against the peers' median 35.8%.

CompanyQuarterRevenueY/YOp. margin
DNA Ginkgo Bioworks HoldingsQ2 2026$20.2M-48%-290.5%
AMGN AmgenQ3 2026$10.4B+8%35.8%
GILD Gilead SciencesQ3 2026$8.3B+7%41.7%
BIIB BiogenQ3 2026$2.8B+11%-0.3%
MRNA ModernaQ3 2026$1.3B+29%9.9%
NBIX Neurocrine BiosciencesQ3 2026$1.1B+41%29.5%
EXEL ExelixisQ3 2026$659M+10%40.8%
HALO Halozyme TherapeuticsQ3 2026$493M+39%59.8%
MGTX MeiraGTx HoldingsQ2 2026$321M87×76.0%

Source: Ginkgo Bioworks Holdings 10-Q on SEC EDGAR · CIK 1830214 · Biological Products, (No Diagnostic Substances)

13F: who owns DNA and who is buying

Largest holders of DNA (13F)Largest holders of DNA (13F)BlackRock$42.4MViking Global Investors LP$35.4MErste Asset Management GmbH$25.9MVanguard Group$24.1MBaillie Gifford$23.7MVanguard Capital Management LLC$20.7MAnchorage Capital Group, L.L.C.$17.3MLegal & General Group$16.5MState Street$14.6MForbes J M & Co LLP$12.5M
Funds' net buying of DNA by quarter (13F)Funds' net buying of DNA by quarter (13F)$122M2024-09$24.5M2024-12−$2.5M2025-03$8.1M2025-06−$37.8M2025-09$15.1M2025-12$1.2M2026-03$37.1M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on DNA

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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