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How Maxcyte (MXCT) makes money

Maxcyte (MXCT) made $7.3M of revenue in the second quarter 2026 (Q2 2026), -15% from a year earlier. Product sales brought in $4.1M (56%); Licenses brought in $2.6M (36%); Assay and other service revenue brought in $583K (8%).

Drawing the Sankey…

Maxcyte revenue by segment, Q2 2026Maxcyte revenue by segment, Q2 2026Product sales$4.1MLicenses$2.6MAssay and other service revenue$583K
Maxcyte: revenue by line, Q1 2025 to Q2 2026Maxcyte: revenue by line, Q1 2025 to Q2 2026Product salesLicensesAssay and other servi…Product sales: $4.1M latest$4.1MLicenses: $2.6M latest$2.6MAssay and other service revenue: $583K latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Licenses went from 45% of revenue in Q1 2025 to 36% in Q2 2026, the largest shift in the mix.
Maxcyte revenue by quarterMaxcyte revenue by quarter$8.7MQ4 2024$10.4MQ1 2025$8.5MQ2 2025$6.8MQ3 2025$7.3MQ4 2025$9.7MQ1 2026$7.3MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Product sales$4.1M56.4%+13%-22%
Licenses$2.6M35.6%-53%-12%
Assay and other service revenue$583K8.0%+21%+88%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$7.3M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$7.3M-14%
Q1 2026$9.7M-7%
Q4 2025$7.3M-16%
Q3 2025$6.8M-16%
Q2 2025$8.5M-18%
Q1 2025$10.4M-8%
Q4 2024$8.7M-44%

From Maxcyte's 10-Q filed Aug 13, 2026 (on EDGAR).

Questions

How does Maxcyte make money?

Maxcyte (MXCT) made $7.3M of revenue in the second quarter 2026 (Q2 2026), -15% from a year earlier. Product sales brought in $4.1M (56%); Licenses brought in $2.6M (36%); Assay and other service revenue brought in $583K (8%).

What is Maxcyte's biggest business?

Product sales: $4.1M in the second quarter 2026, 56% of revenue, -22% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.