Azenta (AZTA) financial statements
Azenta reported revenue of $594M in fiscal 2025, up 3.5% a year over 9 years.
Net income was -$56M and the operating margin -4.5%, against -3.9% in 2016.
Free cash flow was $38M.
The diluted share count fell 33% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Azenta's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $434M | $527M | $632M | $334M | $389M | $514M | $555M | $551M | $573M | $594M |
| Cost of revenue | $362M | $425M | $385M | $200M | $216M | $270M | $300M | $312M | $319M | $324M |
| Gross profit | $157M | $199M | $246M | $135M | $172M | $244M | $256M | $239M | $255M | $270M |
| Research and development | $44M | $40M | $47M | $17M | $18M | $22M | $28M | $32M | $32M | $30M |
| Selling, general and admin | $119M | $142M | $167M | $163M | $190M | $252M | $251M | $264M | $263M | $262M |
| Operating income | -$17M | $14M | $31M | -$47M | -$37M | -$31M | -$25M | -$61M | -$51M | -$27M |
| Interest expense | $157,000 | $408,000 | $10M | $22M | $3M | $2M | $5M | — | — | — |
| Pre-tax income | -$18M | $15M | $20M | -$84M | -$40M | -$49M | -$10M | -$20M | -$19M | -$7M |
| Income tax | $66M | $3M | -$47M | -$23M | -$14M | -$20M | $1M | -$12M | $5M | -$32M |
| Net income | -$69M | $63M | $117M | $437M | $65M | $111M | $2.1B | -$15M | -$165M | -$56M |
| EPS (diluted) | -$1.01 | $0.89 | $1.64 | $6.04 | $0.88 | $1.49 | $28.48 | -$0.22 | -$3.10 | -$1.22 |
| Diluted shares | 69M | 70M | 71M | 72M | 74M | 74M | 75M | 66M | 53M | 46M |
| Gross margin | 36.1% | 37.7% | 39.0% | 40.3% | 44.3% | 47.5% | 46.0% | 43.4% | 44.4% | 45.5% |
| Operating margin | -3.9% | 2.7% | 5.0% | -14.2% | -9.4% | -6.1% | -4.5% | -11.1% | -8.9% | -4.5% |
| Net margin | -16.0% | 11.9% | 18.5% | 130.9% | 16.7% | 21.6% | 384.0% | -2.7% | -28.8% | -9.4% |
Balance sheet
Fiscal years, from Azenta's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $85M | $102M | $244M | $291M | $251M | $228M | $1.6B | $1.1B | $491M | $546M |
| Receivables | $106M | $93M | $125M | $166M | $95M | $120M | $164M | $157M | $154M | $142M |
| Inventory | $93M | $73M | $97M | $99M | $37M | $60M | $86M | $128M | $71M | $75M |
| Total current assets | $299M | $352M | $564M | $647M | $649M | $777M | $2.5B | $1.4B | $833M | $708M |
| Property, plant and equipment | $55M | $57M | $60M | $101M | $89M | $131M | $154M | $206M | $156M | $154M |
| Goodwill | $176M | $207M | $256M | $441M | $453M | $469M | $514M | $675M | $691M | $702M |
| Total assets | $686M | $767M | $1.1B | $1.5B | $1.6B | $1.8B | $3.7B | $2.9B | $2.1B | $2.1B |
| Total current liabilities | $120M | $147M | $165M | $272M | $211M | $345M | $231M | $211M | $206M | $238M |
| Long-term debt | — | — | $194M | $50M | $50M | $50M | — | — | — | — |
| Total liabilities | $132M | $159M | $377M | $377M | $346M | $494M | $353M | $351M | $332M | $333M |
| Shareholders' equity | $554M | $608M | $718M | $1.1B | $1.2B | $1.3B | $3.4B | $2.5B | $1.8B | $1.7B |
| Net debt | -$85M | -$102M | -$2M | -$205M | -$200M | -$178M | -$658M | -$679M | -$280M | -$280M |
Cash flow
Fiscal years, from Azenta's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $40M | $96M | $74M | $91M | $38M | $150M | -$466M | $6M | $50M | $72M |
| Capital spending | $13M | $13M | $13M | $24M | $40M | $53M | $73M | $39M | $37M | $34M |
| Free cash flow | $27M | $84M | $61M | $67M | -$2M | $97M | -$539M | -$34M | $12M | $38M |
| Stock-based compensation | $12M | $17M | $20M | $20M | $16M | $27M | $11M | $9M | $14M | $21M |
| Dividends paid | $28M | $28M | $28M | $29M | $30M | $30M | $7M | $0 | $0 | — |
| Share buybacks (net) | — | — | — | — | — | — | $0 | -$839M | -$662M | $0 |
| Net borrowing | — | — | -$2M | — | — | — | -$50M | $0 | $0 | — |
| Free cash flow margin | 6.2% | 15.8% | 9.7% | 20.1% | -0.5% | 18.9% | -97.1% | -6.1% | 2.2% | 6.5% |
| Dividends per share | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.10 | — | — | — |
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Open AZTA in InvestinglyQuestions
What was Azenta's revenue in 2025?
$594M in fiscal 2025, from its 10-K filing.
How much free cash flow does Azenta generate?
$38M in fiscal 2025 (operating cash flow minus capital spending).
From Azenta's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.