Cryoport (CYRX) financial statements
Cryoport reported revenue of $176M in fiscal 2025, up 41.6% a year over 9 years.
Net income was $78M and the operating margin -20.9%, against -114.2% in 2016.
Free cash flow was -$27M, and the company returned $10M in net buybacks.
The diluted share count rose 252% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Cryoport's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8M | $12M | $20M | $34M | $79M | $223M | $237M | $169M | $157M | $176M |
| Cost of revenue | $5M | $6M | $9M | $17M | $42M | $126M | $133M | $93M | $87M | $93M |
| Gross profit | $3M | $6M | $10M | $17M | $36M | $97M | $104M | $75M | $70M | $83M |
| Research and development | $598,106 | $1M | $2M | $4M | $9M | $17M | $16M | $18M | $18M | $17M |
| Selling, general and admin | $11M | $13M | $17M | $31M | $57M | $98M | $120M | $108M | $110M | $103M |
| Operating income | -$9M | -$8M | -$9M | -$18M | -$30M | -$18M | -$32M | -$101M | -$122M | -$37M |
| Interest expense | $139,416 | $15,693 | $69,253 | $1M | $3M | $5M | $6M | $6M | $4M | $2M |
| Pre-tax income | -$13M | -$8M | -$10M | -$18M | -$33M | -$274M | -$35M | -$84M | -$104M | -$32M |
| Income tax | $5,673 | $5,143 | $19,954 | $62,000 | -$45,000 | $2M | $2M | $345,000 | $359,000 | $2M |
| Net income | -$13M | -$8M | -$10M | -$18M | -$33M | -$276M | -$37M | -$100M | -$115M | $78M |
| EPS (diluted) | -$0.93 | -$0.34 | -$0.34 | -$0.55 | -$1.94 | -$6.18 | -$0.93 | -$2.21 | -$2.49 | $1.40 |
| Diluted shares | 14M | 23M | 28M | 33M | 39M | 46M | 49M | 49M | 49M | 50M |
| Gross margin | 40.4% | 49.9% | 52.2% | 51.1% | 46.2% | 43.4% | 43.8% | 44.7% | 44.4% | 47.1% |
| Operating margin | -114.2% | -66.0% | -44.0% | -52.1% | -38.1% | -8.0% | -13.4% | -59.6% | -77.6% | -20.9% |
| Net margin | -170.8% | -66.1% | -48.7% | -54.0% | -41.5% | -123.8% | -15.7% | -59.0% | -73.2% | 44.4% |
Balance sheet
Fiscal years, from Cryoport's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $5M | $15M | $47M | $94M | $93M | $629M | $523M | $457M | $251M | $411M |
| Receivables | $1M | $2M | $4M | $7M | $31M | $39M | $44M | $42M | $25M | $33M |
| Inventory | $89,499 | $114,796 | $220,514 | $474,000 | $11M | $17M | $28M | $26M | $21M | $23M |
| Total current assets | $6M | $17M | $52M | $103M | $147M | $694M | $604M | $535M | $342M | $476M |
| Property, plant and equipment | $2M | $3M | $4M | $12M | $30M | $49M | $64M | $85M | $80M | $85M |
| Goodwill | — | — | $0 | $11M | $145M | $147M | $151M | $76M | $21M | $22M |
| Total assets | $8M | $20M | $57M | $136M | $552M | $1.1B | $1.0B | $958M | $703M | $765M |
| Total current liabilities | $2M | $2M | $3M | $5M | $35M | $43M | $41M | $46M | $65M | $219M |
| Total liabilities | $2M | $2M | $18M | $10M | $170M | $471M | $483M | $469M | $302M | $262M |
| Shareholders' equity | $6M | $18M | $39M | $126M | $383M | $642M | $556M | $489M | $402M | $503M |
| Net debt | -$5M | -$15M | -$37M | -$47M | -$37M | -$139M | -$37M | -$46M | -$45M | -$250M |
Cash flow
Fiscal years, from Cryoport's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6M | -$4M | -$3M | -$1M | -$15M | $8M | -$2M | -$757,000 | -$16M | -$9M |
| Capital spending | $1M | $2M | $3M | $5M | $9M | $25M | $24M | $44M | $20M | $18M |
| Free cash flow | -$7M | -$5M | -$6M | -$7M | -$24M | -$17M | -$25M | -$45M | -$36M | -$27M |
| Stock-based compensation | $3M | $4M | $5M | $7M | $9M | $15M | $20M | $23M | $20M | $11M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$38M | — | — | -$10M |
| Free cash flow margin | -88.3% | -44.3% | -31.9% | -19.6% | -30.9% | -7.5% | -10.7% | -26.6% | -23.3% | -15.2% |
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Open CYRX in InvestinglyQuestions
What was Cryoport's revenue in 2025?
$176M in fiscal 2025, from its 10-K filing.
How much free cash flow does Cryoport generate?
-$27M in fiscal 2025 (operating cash flow minus capital spending).
From Cryoport's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.