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Twist Bioscience (TWST) Q2 FY25 earnings results (second quarter fiscal 2025)

10-Q filed May 5, 2025

Twist Bioscience (TWST) reported revenue of $92.8M for the second quarter fiscal 2025 (Q2 FY25), +23% from a year earlier and +5% from the quarter before. Operating margin was -44.8%, net loss $39.3M (42.4% of revenue).

Revenue$92.8M
Year over year+23%
Quarter over quarter+5%
Operating margin-44.8%
Net earnings−$39.3M

Twist Bioscience, Q2 FY25: revenue $92.8M (+23% year over year), operating margin -44.8%, net loss $39.3M, operating cash flow −$13.0M. The chart follows the revenue to costs, profit and cash.

Q2 FY25AmountQ/QY/Y
Revenue$92.8M+5%+23%
Operating profit−$41.6M——
Net earnings−$39.3M——
Operating cash flow−$13.0M——

What changed

Revenue was $92.8M in Q2 FY25, up 23% year over year and up 5% from the previous quarter. NGS tools was the largest line at 55% of revenue. NGS tools added $10.4M year over year (up 25%), 59% of the total change. DNA libraries declined 15%.

Operating costs exceeded revenue by $41.6M, an operating margin of -44.8%. Total costs grew 8% against revenue growth of 23%. The fastest-growing cost line was SG&A (+14%). The quarter ended with a net loss of $39.3M, wider than the previous quarter's $31.6M loss.

Operating cash flow was −$13.0M. Non-cash charges added back $6.4M of depreciation and amortization and $20.3M of share-based compensation. Capital expenditures of $4.1M exceeded it, leaving free cash flow of −$17.1M.

Questions

What was Twist Bioscience's revenue in the second quarter fiscal 2025?

Twist Bioscience (TWST) reported revenue of $92.8M for the second quarter fiscal 2025 (Q2 FY25), +23% from a year earlier and +5% from the quarter before.

Was Twist Bioscience profitable in the second quarter fiscal 2025?

Operating loss was $41.6M (-44.8% of revenue) and net loss $39.3M.

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Source: Twist Bioscience 10-Q on SEC EDGAR.