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Seer (SEER) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Seer (SEER) Q2 2026 earnings results →
Q2 2026 Revenue down 23% year over year to $3.1M · 545¢ of every $1 of revenue lost · operating margin -542.9%
Seer made $3.1M in Q2 2026 (-23% Y/Y). Operating margin -542.9%, net loss $16.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.
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 $3.1M in Q2 2026, down 23% year over year and up 11% from the previous quarter.
Gross margin was 48.5%, down 3.6 points from Q2 2025. Operating costs exceeded revenue by $16.8M, an operating margin of -542.9%. Operating expenses fell 19% while revenue fell 23%. The quarter ended with a net loss of $16.9M, wider than the previous quarter's $16.8M loss.
Operating cash flow was −$9.6M. Non-cash charges added back $1.1M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $4.6M. Capital expenditures of $9K exceeded it, leaving free cash flow of −$9.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $3.1M | -23% | -542.9% | −$16.9M | −$9.6M |
| Q1 2026 | 10-Q | May 13, 2026 | $2.8M | -34% | -617.8% | −$16.8M | −$15.4M |
| Q4 2025 | 10-K | Mar 2, 2026 | $4.2M | +5% | -413.8% | −$16.0M | −$10.8M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $4.1M | +2% | -469.4% | −$18.2M | −$7.6M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $4.1M | +32% | -506.8% | −$19.4M | −$14.7M |
| Q1 2025 | 10-Q | May 13, 2025 | $4.2M | +37% | -493.0% | −$19.9M | −$11.4M |
| Q4 2024 | 10-K | Mar 3, 2025 | $4.0M | -10% | -587.2% | −$21.7M | −$11.5M |
Charts
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 Seer
Seer, Inc. (Nasdaq: SEER) sets the standard in deep, unbiased proteomics, delivering insights with a scale, speed, precision and reproducibility previously unattainable. Seer’s Proteograph® Product Suite integrates proprietary engineered nanoparticles, streamlined automation instrumentation, optimized consumables and advanced analytical software to overcome the limitations of traditional proteomic methods. Seer’s products are for research use only and are not intended for diagnostic procedures. For more information, visit www.seer.bio.
In its own words, from its 8-K, filed Aug 11, 2026.
Seer against its Laboratory Analytical Instruments peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -23% against the peers' median +4%. Operating margin: -542.9% against the peers' median 8.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SEER Seer | Q2 2026 | $3.1M | -23% | -542.9% |
| A Agilent Technologies | Q3 FY26 | $1.9B | +8% | 23.6% |
| WAT Waters | Q3 2026 | $1.8B | +121% | 7.2% |
| AVTR Avantor | Q3 2026 | $1.7B | +5% | 8.2% |
| ILMN Illumina | Q3 2026 | $1.1B | +4% | 27.0% |
| MTD Mettler Toledo International | Q3 2026 | $1.1B | +6% | 27.4% |
| BRKR Bruker | Q3 2026 | $874M | +2% | -10.4% |
| RVTY Revvity | Q3 2026 | $729M | +4% | 10.6% |
| BIO Bio-Rad Laboratories | Q3 2026 | $656M | +0.5% | -7.6% |
Source: Seer 10-Q on SEC EDGAR · CIK 1726445 · Laboratory Analytical Instruments
13F: who owns SEER and who is buying
More on SEER
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results