LYEL (LYEL) financial statements
LYEL reported revenue of $36,000 in fiscal 2025, down 38.4% a year over 6 years.
Net income was -$274M and the operating margin -748344.4%, against -15538.7% in 2019.
Free cash flow was -$151M.
The diluted share count rose 6197% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LYEL's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $657,000 | $8M | $11M | $85M | $130,000 | $61,000 | $36,000 |
| Research and development | $64M | $182M | $139M | $159M | $183M | $172M | $159M |
| Selling, general and admin | $39M | $47M | $89M | $117M | $67M | $52M | $45M |
| Operating income | -$102M | -$212M | -$215M | -$187M | -$247M | -$359M | -$269M |
| Income tax | — | — | — | — | — | — | $0 |
| Net income | -$129M | -$204M | -$250M | -$183M | -$235M | -$343M | -$274M |
| EPS (diluted) | -$480.80 | -$313.80 | -$36.80 | -$14.80 | -$18.70 | -$26.23 | -$16.06 |
| Diluted shares | 0M | 1M | 7M | 12M | 13M | 13M | 17M |
| Operating margin | -15538.7% | -2732.6% | -2016.7% | -220.9% | -190006.2% | -588123.0% | -748344.4% |
| Net margin | -19692.1% | -2636.3% | -2349.5% | -216.2% | -180486.2% | -562285.2% | -762355.6% |
Balance sheet
Fiscal years, from LYEL's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $97M | $613M | $615M | $640M | $546M | $371M | $247M |
| Total current assets | — | $618M | $626M | $651M | $555M | $380M | $261M |
| Property, plant and equipment | — | $77M | $120M | $123M | $103M | $48M | $35M |
| Total assets | — | $908M | $1.1B | $938M | $750M | $491M | $340M |
| Total current liabilities | — | $49M | $47M | $37M | $35M | $54M | $49M |
| Total liabilities | — | $190M | $198M | $104M | $95M | $108M | $92M |
| Shareholders' equity | -$111M | -$293M | $930M | $833M | $655M | $383M | $248M |
| Net debt | -$97M | -$140M | -$294M | -$124M | -$146M | -$106M | -$60M |
Cash flow
Fiscal years, from LYEL's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $39M | -$161M | -$126M | -$170M | -$164M | -$162M | -$150M |
| Capital spending | $16M | $51M | $66M | $24M | $3M | $464,000 | $780,000 |
| Free cash flow | $23M | -$212M | -$192M | -$194M | -$166M | -$163M | -$151M |
| Stock-based compensation | $16M | $33M | $62M | $82M | $47M | $33M | $42M |
| Share buybacks (net) | -$185,000 | -$12M | $0 | $0 | — | — | — |
| Free cash flow margin | 3565.8% | -2737.9% | -1800.5% | -228.9% | -127984.6% | -266980.3% | -418900.0% |
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Open LYEL in InvestinglyQuestions
What was LYEL's revenue in 2025?
$36,000 in fiscal 2025, from its 10-K filing.
How much free cash flow does LYEL generate?
-$151M in fiscal 2025 (operating cash flow minus capital spending).
From LYEL's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.