SEER (SEER) financial statements
SEER reported revenue of $17M in fiscal 2025, up 90.8% a year over 5 years.
Net income was -$74M and the operating margin -470.5%, against -5129.4% in 2020.
Free cash flow was -$46M.
The diluted share count rose 383% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SEER's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $656,000 | $7M | $15M | $17M | $14M | $17M |
| Cost of revenue | $0 | $3M | $8M | $8M | $7M | $8M |
| Gross profit | $656,000 | $3M | $7M | $9M | $7M | $8M |
| Research and development | $19M | $29M | $46M | $53M | $51M | $44M |
| Selling, general and admin | $15M | $46M | $59M | $59M | $57M | $43M |
| Operating income | -$34M | -$71M | -$97M | -$103M | -$100M | -$78M |
| Interest expense | $0 | $22,000 | $0 | — | — | — |
| Pre-tax income | — | — | — | -$86M | -$87M | -$73M |
| Income tax | $0 | $0 | $0 | $0 | $98,000 | $201,000 |
| Net income | -$33M | -$71M | -$93M | -$86M | -$87M | -$74M |
| EPS (diluted) | -$2.48 | -$1.17 | -$1.49 | -$1.35 | — | — |
| Diluted shares | 13M | 61M | 62M | 64M | — | — |
| Gross margin | 100.0% | 51.6% | 45.8% | 51.1% | 49.8% | 51.1% |
| Operating margin | -5129.4% | -1080.1% | -627.6% | -621.0% | -706.4% | -470.5% |
| Net margin | -4996.2% | -1075.5% | -600.1% | -517.8% | -611.1% | -444.0% |
Balance sheet
Fiscal years, from SEER's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $432M | $493M | $426M | $373M | $300M | $241M |
| Receivables | $0 | $2M | $4M | $5M | — | — |
| Inventory | $551,000 | $4M | $5M | $4M | $7M | $8M |
| Total current assets | $433M | $412M | $435M | $331M | $253M | $202M |
| Property, plant and equipment | $8M | $13M | $19M | $22M | $19M | $15M |
| Total assets | $442M | $539M | $488M | $436M | $367M | $296M |
| Total current liabilities | $8M | $13M | $13M | $13M | $15M | $16M |
| Total liabilities | $11M | $36M | $41M | $39M | $39M | $37M |
| Shareholders' equity | $432M | $503M | $447M | $397M | $328M | $259M |
| Net debt | -$334M | -$233M | -$53M | -$32M | -$41M | -$47M |
Cash flow
Fiscal years, from SEER's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$21M | -$46M | -$61M | -$59M | -$46M | -$44M |
| Capital spending | $5M | $7M | $10M | $7M | $4M | $2M |
| Free cash flow | -$25M | -$53M | -$71M | -$66M | -$50M | -$46M |
| Stock-based compensation | $7M | $26M | $34M | $34M | $28M | $15M |
| Share buybacks (net) | -$13,000 | -$35,000 | -$20,000 | -$13,000 | $0 | — |
| Free cash flow margin | -3866.2% | -805.0% | -458.6% | -398.4% | -350.7% | -279.0% |
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Open SEER in InvestinglyQuestions
What was SEER's revenue in 2025?
$17M in fiscal 2025, from its 10-K filing.
How much free cash flow does SEER generate?
-$46M in fiscal 2025 (operating cash flow minus capital spending).
From SEER's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.