MAXCYTE, INC.
Business
MaxCyte is a leading commercial cell engineering company providing proprietary Flow Electroporation® technology platforms to advance discovery, development, and commercialization of cell and gene therapies. The company offers the ExPERT platform family of instruments (DTx, ATx, STx, GTx, VLx), disposable processing assemblies, consumables, and gene-editing risk assessment services through the acquired SeQure business. MaxCyte serves biopharmaceutical companies, biotechnology firms, and academic research institutions globally through direct sales in North America and Europe, and third-party distributors in Asia.
Summary from 10-K filed 2026-03-25
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 |
|---|---|---|---|---|---|---|
| Revenue | 33 | 39 | 41 | 44 | 34 | |
| Cost of goods sold | 6 | 7 | 5 | 5 | 4 | |
| Gross profit | 27 | 32 | 37 | 39 | 30 | |
| Research and development | 21 | 22 | 24 | 20 | 15 | |
| Sales and marketing | 19 | 27 | 27 | 19 | 13 | |
| General and administrative | 28 | 30 | 30 | 26 | 19 | |
| Restructuring expense | 3 | — | — | — | — | |
| Goodwill impairment | 4 | — | — | — | — | |
| Depreciation and amortization | 4 | 4 | 4 | 3 | 1 | |
| Total operating expenses | 79 | 83 | 85 | 67 | 48 | |
| Operating loss | −52 | −51 | −48 | −27 | −18 | |
| Interest income | 7 | 10 | 10 | 4 | 150,800 | |
| Total other income | 7 | 10 | 10 | 4 | −893,600 | |
| Loss before income taxes | −45 | −41 | −38 | — | — | |
| Provision for income taxes | — | — | — | — | — | |
| Net loss | −45 | −41 | −38 | −24 | −19 | |
| Basic net loss per share | −0.42 | −0.39 | −0.37 | −0.23 | −0.21 | |
| Diluted net loss per share | −0.42 | −0.39 | −0.37 | −0.23 | −0.21 | |
| Weighted-average shares outstanding, basic | 106 | 105 | 103 | 102 | 91 | |
| Weighted-average shares outstanding, diluted | 106 | 105 | 103 | 102 | 91 |
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 | 20 | 28 | 47 | 11 | 48 | |
| Short-term investments, at amortized cost | 83 | 127 | 122 | 216 | 207 | |
| Accounts receivable, net | 4 | 5 | 6 | 11 | 7 | |
| Inventory | 8 | 9 | 12 | 9 | 5 | |
| Prepaid expenses and other current assets | 4 | 4 | 4 | 3 | 3 | |
| Total current assets | 118 | 172 | 190 | 252 | 270 | |
| Investments, non-current, at amortized cost | 53 | 36 | 43 | — | — | |
| Property and equipment, net | 18 | 20 | 24 | 24 | 8 | |
| Right-of-use asset - operating leases | 11 | 11 | 11 | 10 | 6 | |
| Intangible assets, net | 650,000 | — | — | — | — | |
| Other assets | 2 | 2 | 388,000 | 809,000 | 316,700 | |
| Total assets | 203 | 239 | 268 | 287 | 284 | |
| Accounts payable | 1 | 1 | 743,000 | 292,000 | 2 | |
| Accrued expenses and other | 8 | 8 | 11 | 8 | 7 | |
| Operating lease liability, current | 1 | 864,000 | 774,000 | 157,000 | 527,200 | |
| Deferred revenue, current portion | 4 | 5 | 5 | 7 | 7 | |
| Total current liabilities | 14 | 16 | 18 | 15 | 16 | |
| Operating lease liability, net of current portion | 16 | 17 | 18 | 16 | 5 | |
| Other liabilities | 263,000 | 274,000 | 283,000 | 1 | 450,200 | |
| Total liabilities | 31 | 33 | 36 | 33 | 21 | |
| Commitments and contingencies (Note 8) | — | — | — | — | — | |
| Preferred stock, $0.01 par value; 5,000,000 shares authorized and no shares issued and outstanding at December 31, 2025 and December 31, 2024 | — | — | — | — | — | |
| Common stock, $0.01 par value; 400,000,000 shares authorized, 106,789,618 and 105,711,093 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 1 | 1 | 1 | 1 | 1 | |
| Additional paid-in capital | 432 | 422 | 407 | 391 | 376 | |
| Accumulated deficit | −261 | −217 | −176 | −138 | −114 | |
| Total stockholders' equity | 171 | 206 | 232 | 254 | 263 | |
| Total liabilities and stockholders' equity | 203 | 239 | 268 | 287 | 284 |
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 loss | −45 | −41 | −38 | −24 | −19 | |
| Depreciation and amortization | 4 | 4 | 4 | 3 | 1 | |
| Lease right-of-use asset amortization | 802,000 | 475,000 | 395,000 | 767,000 | — | |
| Net book value of consigned equipment sold | 83,000 | 63,000 | 94,000 | 76,000 | 51,600 | |
| Loss on disposal of property and equipment | 287,000 | 861,000 | 30,000 | 139,000 | 32,500 | |
| Stock-based compensation | 9 | 13 | 14 | 12 | 8 | |
| Credit loss expense (recovery) | 35,000 | −130,000 | 171,000 | — | — | |
| Change in excess/obsolete inventory reserve | 676,000 | 2 | 697,000 | — | — | |
| Amortization of discounts on investments | −3 | −6 | −7 | −3 | −70,300 | |
| Accounts receivable | 1 | 1 | 5 | −5 | −2 | |
| Inventory | 575,000 | 1 | −5 | −3 | −1 | |
| Prepaid expense and other current assets | −531,000 | 293,000 | −641,000 | 320,000 | −2 | |
| Other assets | −724,000 | −1 | 421,000 | −492,000 | −282,800 | |
| Accounts payable, accrued expenses and other | −4 | −2 | 3 | −150,000 | 2 | |
| Operating lease liability | −1 | −709,000 | −133,000 | 5 | 4 | |
| Deferred revenue | −2 | 182,000 | −2 | −34,000 | 2 | |
| Other liabilities | −36,000 | −9,000 | −39,000 | 871,000 | −73,500 | |
| Net cash used in operating activities | −34 | −28 | −22 | −15 | −11 | |
| Purchases of investments | −126 | −151 | −255 | — | — | |
| Maturities of investments | 156 | 159 | 314 | — | — | |
| Purchases of property and equipment | −2 | −2 | −4 | −18 | −4 | |
| Acquisition of business, net of cash acquired of $541 | −2 | — | — | — | — | |
| Net cash provided by investing activities | 26 | 7 | 55 | −25 | −195 | |
| Proceeds from exercise of stock options | 432,000 | 2 | 2 | 3 | 4 | |
| Proceeds from issuance of common stock under employee stock purchase plan | 224,000 | 459,000 | 269,000 | — | — | |
| Net cash provided by financing activities | 656,000 | 2 | 2 | 3 | 235 | |
| Net decrease in cash and cash equivalents | −8 | −19 | 35 | −37 | 29 | |
| Property and equipment purchases included in accounts payable and accrued expenses | 33,000 | 97,000 | 566,000 | 363,000 | 296,400 | |
| Right-of-use assets obtain in business combination by assumption of lease liabilities | 956,000 | — | 2 | 5 | 5 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MAXCYTE, INC.'s CIK number?
MAXCYTE, INC.'s SEC CIK number is 0001287098 (1287098). 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 MAXCYTE, INC.'s SEC filings?
All of MAXCYTE, 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 MAXCYTE, INC. last report earnings?
MAXCYTE, INC. (MXCT) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-059399). This is MAXCYTE, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is MAXCYTE, INC.'s most recent earnings 8-K?
MAXCYTE, INC.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001104659-26-059399. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MAXCYTE, INC.'s latest earnings 8-K →
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