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Sera Prognostics (SERA) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 13, 2025

Sera Prognostics (SERA) reported revenue of $16K for the third quarter 2025 (Q3 2025), -45% from a year earlier and -6% from the quarter before.

Revenue$16K
Year over year-45%
Quarter over quarter-6%
Operating margin—
Net earnings−$7.8M

Sera Prognostics, Q3 2025: revenue $16K (-45% year over year), net loss $7.8M, operating cash flow −$6.5M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$16K-6%-45%
Operating profit−$9.0M——
Net earnings−$7.8M——
Operating cash flow−$6.5M——

What changed

Revenue was $16K in Q3 2025, down 45% year over year and down 6% from the previous quarter.

Operating costs exceeded revenue by $9.0M, an operating margin of -56125.0%. Total costs grew 1% against a revenue fall of 45%. The fastest-growing cost line was Cost of revenue (+215%). The quarter ended with a net loss of $7.8M, narrower than the previous quarter's $8.0M loss.

Operating cash flow was −$6.5M. Non-cash charges added back $243K of depreciation and amortization and $1.3M of share-based compensation. Capital expenditures of $112K exceeded it, leaving free cash flow of −$6.6M.

Questions

What was Sera Prognostics' revenue in the third quarter 2025?

Sera Prognostics (SERA) reported revenue of $16K for the third quarter 2025 (Q3 2025), -45% from a year earlier and -6% from the quarter before.

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Source: Sera Prognostics 10-Q on SEC EDGAR.