Twist Bioscience (TWST) Q4 2025 Financial Results Summary
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Twist Bioscience Corporation (TWST) Q4 2025 Financial Results Summary
Release Date: November 14, 2025
Twist Bioscience Corporation, a biotechnology company, reported its fourth quarter and full year financial results for fiscal year 2025, ending September 30, 2025. The results showed a significant increase in revenue with continued improvements in various operational metrics. Below is a summary of the key financial figures and highlights:
Fiscal 2025 Financial Results
- Total Revenue:
- Fiscal 2025 revenues reached $376.6 million, a 20% increase compared to $313.0 million in fiscal 2024.
- SynBio Revenue: Increased by 17%, totaling $145.0 million vs. $123.5 million in fiscal 2024.
- NGS Revenue: Increased by 23%, reaching $208.1 million compared to $169.1 million in fiscal 2024.
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Biopharma Revenue: Increased by 15% to $23.5 million from $20.3 million in the prior year.
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Cost of Revenues:
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Increased to $185.6 million in FY25 from $179.6 million in FY24.
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Gross Margin:
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Improved to 50.7%, an increase of 8.1 margin points from 42.6% in FY24.
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Research and Development Expenses:
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Decreased to $80.3 million from $90.9 million in FY24.
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Selling, General and Administrative Expenses:
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Increased to $247.0 million compared to $218.4 million from the previous year.
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Net Loss:
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The net loss attributable to common stockholders for FY25 was $77.7 million, or $1.30 per share, significantly reduced from $208.7 million, or $3.60 per share in fiscal 2024.
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Adjusted EBITDA:
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Adjusted EBITDA was $(46.9) million, improving from $(93.5) million in FY24.
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Cash Position:
- At the end of FY25, the company had $232.4 million in cash, cash equivalents, and short-term investments.
Fiscal 2025 Fourth Quarter Financial Results
- Total Revenue:
- Q4 FY25 revenues reached $99.0 million, a 17% increase compared to $84.7 million in Q4 FY24.
- SynBio Revenue: Increased by 17% to $39.5 million, compared to $33.9 million in the same quarter last year.
- NGS Revenue: Increased by 16% to $53.0 million, up from $45.5 million in Q4 FY24.
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Biopharma Revenue: Grew by 22%, totaling $6.4 million compared to $5.3 million in Q4 FY24.
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Cost of Revenues:
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Increased slightly to $48.2 million from $46.5 million in Q4 FY24.
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Gross Margin:
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Improved to 51.3% from 45.1% in Q4 FY24.
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Research and Development Expenses:
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Decreased to $17.0 million compared to $21.1 million in Q4 FY24.
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Selling, General and Administrative Expenses:
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Increased to $63.8 million from $53.1 million in Q4 FY24.
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Net Loss:
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The net loss attributable to common stockholders was $27.1 million, or $0.45 per share, down from $34.7 million, or $0.59 per share in Q4 FY24.
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Adjusted EBITDA:
- Adjusted EBITDA for Q4 FY25 was $(7.8) million, improving from $(17.0) million in Q4 FY24.
Recent Highlights
- Approximately 3,800 customers shipped products in FY25, an increase from approximately 3,550 in FY24.
- The company shipped around 938,000 genes in FY25, compared to 772,000 in FY24.
- Launched the Trinity Freestyle Fast Hybridization workflow for Element’s AVITI ™ sequencing platforms.
- Introduced the Twist Oncology DNA Comprehensive Genomic Profiling (CGP) Panel.
- Published a peer-reviewed paper in Science regarding nucleic acid biosecurity.
- Appointed Trynka Shineman to the Board of Directors.
Fiscal 2026 Financial Guidance
- For the full fiscal year 2026, Twist expects total revenue in the range of $425 million to $435 million, representing a growth of 13% to 15.5% year-over-year.
- For the first quarter of FY26, revenue is expected to be between $100 million and $101 million, reflecting growth of about 13% to 14% compared to Q1 FY25.
- Gross margin for FY26 is projected to be above 52%.
Note: No quarterly dividends or share repurchase announcements were made during this report.
| (In thousands, except per share data) | Three months ended September 30, 2025 | Three months ended September 30, 2024 | Twelve months ended September 30, 2025 | Twelve months ended September 30, 2024 |
|---|---|---|---|---|
| Revenues | $99,009 | $84,710 | $376,572 | $312,974 |
| Costs and expenses: | ||||
| Cost of revenues | $48,172 | $46,477 | $185,570 | $179,625 |
| Research and development | $17,014 | $21,134 | $80,285 | $90,852 |
| Selling, general and administrative | $63,758 | $53,143 | $246,976 | $218,398 |
| Impairment of long-lived assets | $— | $— | $— | $44,930 |
| Total costs and expenses | $128,944 | $120,754 | $512,831 | $533,805 |
| Loss from operations | -$29,935 | -$36,044 | -$136,259 | -$220,831 |
| Interest income | $2,633 | $3,620 | $11,364 | $15,344 |
| Gain on sale of business | $— | $— | $48,847 | $— |
| Other income (expense), net | $420 | -$2,327 | -$903 | -$2,679 |
| Income tax (expense) benefit | -$256 | $96 | -$719 | -$560 |
| Net loss attributable to common stockholders | -$27,138 | -$34,655 | -$77,670 | -$208,726 |
| Net loss per share attributable to common stockholders—basic and diluted | -$0.45 | -$0.59 | -$1.30 | -$3.60 |
| Weighted average shares used in computing net loss per share attributable to common stockholders—basic and diluted | 60,424 | 58,554 | 59,808 | 58,016 |
| (In thousands) | September 30, 2025 | September 30, 2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $183,049 | $226,316 |
| Short-term investments | $49,385 | $50,083 |
| Accounts receivable, net | $57,019 | $34,903 |
| Inventories | $28,309 | $24,078 |
| Prepaid expenses and other current assets | $15,204 | $11,396 |
| Total current assets | $332,966 | $346,776 |
| Property and equipment, net | $102,283 | $102,520 |
| Operating lease right-of-use assets | $49,377 | $58,829 |
| Investment in equity securities | $54,337 | $1,525 |
| Other non-current assets | $102,898 | $104,673 |
| Total assets | $641,861 | $614,323 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $11,094 | $1,630 |
| Accrued expenses | $23,053 | $15,104 |
| Accrued compensation | $31,288 | $33,650 |
| Current portion of operating lease liability | $13,822 | $14,805 |
| Other current liabilities | $12,149 | $5,817 |
| Total current liabilities | $91,406 | $71,006 |
| Operating lease liability, net of current portion | $61,750 | $70,221 |
| Liability related to the sale of future revenue | $15,000 | $— |
| Other non-current liabilities | $747 | $407 |
| Total liabilities | $168,903 | $141,634 |
| Total stockholders’ equity | $472,958 | $472,689 |
| Total liabilities and stockholders’ equity | $641,861 | $614,323 |