Cryoport, Inc.
Business
Cryoport is a leading global provider of integrated, temperature-controlled supply chain solutions for life sciences, with particular focus on cell and gene therapies. The company offers BioLogistics (specialized transport), BioStorage (long-term biostorage), BioServices (kit production, labeling, fulfillment), Cryopreservation services (IntegriCell platform), and manufactures cryogenic systems (freezers, dewars, transport vessels) through MVE Biological Solutions. Cryoport operates a Global Supply Chain Center Network across the Americas, EMEA, and APAC regions, serving biopharmaceutical companies, research institutions, and government agencies.
Summary from 10-K filed 2026-03-05
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 176 | 157 | 169 | 237 | 223 | |
| Total cost of revenue | 93 | 87 | 93 | 133 | 126 | |
| Gross margin | 83 | 70 | 75 | 104 | 97 | |
| Selling, general and administrative | 103 | 110 | 108 | 120 | 98 | |
| Engineering and development | 17 | 18 | 18 | 16 | 17 | |
| Impairment loss | — | 64 | 50 | — | — | |
| Total operating costs and expenses | 120 | 191 | 176 | 136 | 114 | |
| Loss from operations | −37 | −122 | −101 | −32 | −18 | |
| Investment income | 10 | 10 | 11 | 8 | 3 | |
| Interest expense, net | −2 | −4 | −6 | −6 | — | |
| Gain on extinguishment of debt, net | — | 19 | 6 | — | −252 | |
| Other income (expense), net | −3 | −7 | 6 | −6 | −3 | |
| Total other income, net | 5 | 17 | 16 | −3 | −256 | |
| Loss from continuing operations before provision for income taxes | −32 | −104 | −84 | −35 | −274 | |
| Provision for income taxes | −2 | −359,000 | −345,000 | −2 | −2 | |
| Loss from continuing operations | −34 | −105 | −85 | — | — | |
| Income (loss) from discontinued operations, net | 112 | −10 | −15 | — | — | |
| Net income (loss) | 78 | −115 | −100 | −37 | −276 | |
| Paid-in-kind dividend on Series C convertible preferred stock | −8 | −8 | −8 | −8 | −8 | |
| Net income (loss) attributable to common stockholders | 70 | −123 | −108 | −45 | −284 | |
| Net loss per share from continuing operations - basic (in dollars per share) | −0.84 | −2.29 | −1.9 | — | — | |
| Net income (loss) per share from discontinued operations - basic (in dollars per share) | 2.24 | −0.2 | −0.31 | — | — | |
| Net income (loss) per share - basic (in dollars per share) | 1.4 | −2.49 | −2.21 | −0.93 | −6.18 | |
| Weighted average common shares issued and outstanding - basic (in shares) | 50 | 49 | 49 | 49 | 46 | |
| Net loss per share from continuing operations - diluted (in dollars per share) | −0.84 | −2.29 | −1.9 | — | — | |
| Net income (loss) per share from discontinued operations - diluted (in dollars per share) | 2.24 | −0.2 | −0.31 | — | — | |
| Net income (loss) per share - diluted (in dollars per share) | 1.4 | −2.49 | −2.21 | −0.93 | −6.18 | |
| Weighted average common shares issued and outstanding - diluted (in shares) | 50 | 49 | 49 | 49 | 46 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 250 | 34 | 35 | 29 | 139 | |
| Short-term investments | 161 | 216 | 410 | 487 | 490 | |
| Accounts receivable, net | 33 | 25 | 42 | 44 | 39 | |
| Inventories | 23 | 21 | 26 | 28 | 17 | |
| Prepaid expenses and other current assets | 8 | 8 | 10 | 9 | 9 | |
| Current assets held for sale | — | 36 | — | — | — | |
| Total current assets | 476 | 342 | 535 | 604 | 694 | |
| Property and equipment, net | 85 | 80 | 85 | 64 | 49 | |
| Operating lease right-of-use assets | 40 | 40 | 33 | 27 | 21 | |
| Intangible assets, net | 138 | 148 | 194 | 191 | 201 | |
| Goodwill | 22 | 21 | 76 | 151 | 147 | |
| Deposits | 2 | 2 | 2 | 1 | 950,000 | |
| Deferred tax assets | 1 | 842,000 | 656,000 | 947,000 | — | |
| Long-term assets held for sale | — | 71 | — | — | — | |
| Total assets | 765 | 703 | 958 | 1,039 | 1,113 | |
| Accounts payable and other accrued expenses | 15 | 16 | 27 | 28 | 29 | |
| Accrued compensation and related expenses | 13 | 11 | 11 | 8 | 10 | |
| Deferred revenue | 943,000 | 1 | 1 | 439,000 | 547,000 | |
| Current portion of operating lease liabilities | 4 | 3 | 5 | 4 | 4 | |
| Current portion of finance lease liabilities | 422,000 | 315,000 | 286,000 | 128,000 | 61,000 | |
| Current portion of convertible senior notes, net of discount of $1.1 million and $0.1 million, respectively | 185 | 14 | — | — | — | |
| Current portion of notes payable | 163,000 | 143,000 | 149,000 | 60,000 | — | |
| Current portion of contingent consideration | — | 3 | 92,000 | — | — | |
| Current liabilities held for sale | — | 15 | — | — | — | |
| Total current liabilities | 219 | 65 | 46 | 41 | 43 | |
| Convertible senior notes, net of current portion and discount of $0 and $2.3 million, respectively | — | 184 | 379 | 407 | 404 | |
| Notes payable, net of current portion | 1 | 1 | 1 | 355,000 | 1 | |
| Operating lease liabilities, net of current portion | 39 | 39 | 29 | 25 | 18 | |
| Finance lease liabilities, net of current portion | 741,000 | 800,000 | 954,000 | 216,000 | 51,000 | |
| Deferred tax liabilities | 1 | 804,000 | 3 | 5 | 4 | |
| Other long-term liabilities | 444,000 | 295,000 | 601,000 | 451,000 | 298,000 | |
| Contingent consideration, net of current portion | 629,000 | 4 | 9 | 5 | — | |
| Long-term liabilities held for sale | — | 8 | — | — | — | |
| Total liabilities | 262 | 302 | 469 | 483 | 471 | |
| Commitments and contingencies | — | — | — | — | — | |
| Common stock, $0.001 par value; 100,000,000 shares authorized; 49,850,793 and 49,908,254 issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 50,000 | 50,000 | 49,000 | 48,000 | 50,000 | |
| Additional paid-in capital | 1,153 | 1,146 | 1,131 | 1,115 | — | |
| Accumulated deficit | −689 | −757 | −642 | −543 | −468 | |
| Accumulated other comprehensive loss | −3 | −21 | −26 | −35 | — | |
| Total stockholders' equity | 503 | 402 | 489 | 556 | 642 | |
| Total liabilities and stockholders' equity | 765 | 703 | 958 | 1,039 | 1,113 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income (loss) | 78 | −115 | −100 | −37 | — | |
| Depreciation and amortization | 28 | 31 | 27 | 23 | 20 | |
| Amortization of debt discount | 1 | 2 | 3 | 3 | 1 | |
| Non-cash operating lease expense | 7 | 6 | 5 | 4 | 3 | |
| Unrealized (gain) loss on investments in equity securities | −2 | 899,000 | −1 | 11 | 1 | |
| Realized loss on investments in equity securities | — | 48,000 | — | — | — | |
| Realized loss on available-for-sale investments | 2 | 4 | 100,000 | 100,000 | 80,000 | |
| Gain on divested business | −117 | — | — | — | — | |
| Stock-based compensation expense | 11 | 20 | 23 | 20 | 15 | |
| Loss on disposal of property and equipment | 1 | 384,000 | 954,000 | 800,000 | 542,000 | |
| Gain on insurance settlement | — | — | −3 | −5 | 0 | |
| Change in credit losses | 304,000 | −242,000 | 822,000 | 234,000 | — | |
| Excess and obsolete inventory | 393,000 | 234,000 | — | 651,000 | 0 | |
| Insurance proceeds for operations | — | — | 1 | 10 | 0 | |
| Change in contingent consideration | −5 | −2 | −890,000 | 216,000 | 0 | |
| Accounts receivable | −7 | −4 | 4 | −4 | −7 | |
| Inventories | −2 | 3 | 2 | −14 | −6 | |
| Prepaid expenses and other current assets | 1 | −2 | −103,000 | −2 | 3 | |
| Deposits | −189,000 | −1 | −663,000 | −60,000 | 211,000 | |
| Operating lease liabilities | −5 | −5 | −5 | −3 | −3 | |
| Accounts payable and other accrued expenses | −3 | −76,000 | −3 | −6 | −398,000 | |
| Accrued compensation and related expenses | 2 | 2 | 3 | −2 | 3 | |
| Deferred revenue | −216,000 | −179,000 | 842,000 | −530,000 | 102,000 | |
| Net deferred tax liability | 661,000 | −377,000 | −2 | −411,000 | 231,000 | |
| Net cash used in operating activities | −9 | −16 | −757,000 | −2 | 8 | |
| Purchases of property and equipment | −16 | −17 | −39 | −22 | −24 | |
| Insurance proceeds for loss of fixed assets | — | — | 976,000 | 3 | — | |
| Software development costs | −2 | −3 | −5 | −1 | −870,000 | |
| Purchases of short-term investments | — | −51 | −43 | −164 | −483 | |
| Proceeds from divested business | 210 | — | — | — | — | |
| Cash paid for acquisitions | — | −313,000 | −7 | −7 | −6 | |
| Sales/maturities of short-term investments | 60 | 249 | 130 | 132 | 44 | |
| Patent and trademark costs | −1 | −1 | −871,000 | −614,000 | −255,000 | |
| Net cash provided by investing activities | 250 | 177 | 36 | −60 | −469 | |
| Proceeds from exercise of stock options | 4 | 3 | 1 | — | — | |
| Repurchase of common stock | −10 | — | — | −38 | 0 | |
| Repayment of notes payable | −161,000 | −141,000 | −71,000 | −3 | −3 | |
| Repayment of finance lease liabilities | −530,000 | −408,000 | −202,000 | −82,000 | −60,000 | |
| Net cash used in financing activities | −21 | −162 | −24 | −39 | 564 | |
| Effect of exchange rates on cash and cash equivalents | −15 | −18,000 | −2 | −2 | −986,000 | |
| Net change in cash and cash equivalents | 205 | −1 | 10 | −103 | 102 | |
| Cash paid for interest | 2 | 3 | 3 | 4 | 3 | |
| Cash paid for income taxes | 2 | 1 | 1 | 2 | 1 | |
| Operating lease right-of-use assets and operating lease liabilities | 7 | 21 | 11 | 12 | 10 | |
| Net unrealized gain on available-for-sale debt securities | 2 | 3 | 7 | 23 | 4 | |
| Reclassification of realized gain (loss) on available-for-sale debt securities to earnings | 3 | −7 | −3 | 46,000 | 27,000 | |
| Paid-in-kind preferred stock dividend, including beneficial conversion feature | 8 | 8 | 8 | 8 | 8 | |
| Fixed assets included in accounts payable and accrued liabilities | 218,000 | 103,000 | 442,000 | 1 | 1 | |
| Intangible assets included in property and equipment | — | 252,000 | 9 | — | — | |
| Contingent consideration reclassed to accounts payable and accrued liabilities | 881,000 | — | — | — | — | |
| Purchase of equipment through finance lease obligation | 388,000 | 936,000 | 1 | — | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Cryoport, Inc.'s CIK number?
Cryoport, Inc.'s SEC CIK number is 0001124524 (1124524). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Cryoport, Inc.'s SEC filings?
All of Cryoport, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Cryoport, Inc. last report earnings?
Cryoport, Inc. (CYRX) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-054942). This is Cryoport, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Cryoport, Inc.'s most recent earnings 8-K?
Cryoport, Inc.'s latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0001104659-26-054942. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Cryoport, Inc.'s latest earnings 8-K →
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