AbCellera Biologics

ABCL Q4 2025 Earnings

Reported Feb 24, 2026 at 4:15 PM ET · SEC Source

Q4 25 EPS

$-0.03

BEAT +83.33%

Est. $-0.18

Q4 25 Revenue

$44.9M

BEAT +569.55%

Est. $6.7M

vs S&P Since Q4 25

+105.8%

BEATING MARKET

ABCL +110.9% vs S&P +5.2%

Full Year 2025 Results

FY 25 EPS

$-0.49

FY 25 Revenue

$75.1M

Market Reaction

Did ABCL Beat Earnings? Q4 2025 Results

AbCellera Biologics delivered a sharp earnings beat in Q4 2025, with revenue of $44.90 million coming in well above the $6.71 million consensus estimate, a 569.55% positive surprise, as the quarter's results were driven primarily by an upfront paymen… Read more AbCellera Biologics delivered a sharp earnings beat in Q4 2025, with revenue of $44.90 million coming in well above the $6.71 million consensus estimate, a 569.55% positive surprise, as the quarter's results were driven primarily by an upfront payment from a patent litigation settlement. That single item propelled quarterly revenue 789.1% higher year over year and lifted full-year 2025 revenue to $75.13 million, compared to $28.83 million in 2024. On the bottom line, AbCellera posted a loss of $0.03 per share, beating the $0.18 consensus estimate by 83.33%, as the settlement proceeds sharply narrowed the quarterly net loss to $8.90 million. The strong print coincided with the company's transition to a clinical-stage biotech, having advanced ABCL635 into Phase 2 and ABCL575 into Phase 1 trials during the year; both programs are expected to deliver topline readouts in the second half of 2026. With roughly $700 million in total available liquidity, including non-dilutive government funding, AbCellera says it is funded well beyond three years, supporting continued pipeline investment and at least three anticipated IND submissions in 2027. Shares rose nearly 19% following the results.

Key Takeaways

  • Upfront settlement payment from patent litigation drove Q4 2025 revenue of $44.9 million, representing 60% of full-year revenue
  • Licensing and royalty revenue surged to $46.9 million from $1.0 million in FY 2024
  • Completion of multi-year platform investments reduced capital expenditure requirements
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ABCL YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

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ABCL Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“In 2025, AbCellera successfully delivered on all its corporate priorities, transitioned to a clinical-stage biotech company, and ended the year with approximately $700 million in available liquidity to execute on our strategy.”

— Carl Hansen, Q4 2025 Earnings Press Release