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MARKETS / NASDAQ / CAI
NASDAQ · SERVICES-MEDICAL LABORATORIES · SMALL CAP

Caris Life Sciences, Inc. CAI

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$812.0M
▲ 97.0% YoY
$-68.1M
$66.9M
In brief

What this company does

The company provides whole exome sequencing and whole transcriptome sequencing, or whole genome sequencing, on eligible patient samples submitted for molecular profiling. Its relationships across oncology stakeholders include more than 6,000 ordering physicians and partnerships with biopharma companies. As of December 31, 2025, the company had 1,846 employees. It operates two precision medicine laboratories in Phoenix, Arizona, and one research and development laboratory in Tempe, Arizona. Caris was founded in 2008. The company was incorporated under the laws of the Cayman Islands in October 2011 as Caris Life Sciences, Ltd., and in July 2020 changed its name to Caris Life Sciences, Inc. and re-domiciled to be incorporated in Texas.

Written from the business description in Caris Life Sciences, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 3 March 2026. Every sentence was checked against that document before publication.

Growth
USD 812.0M
Revenue, FY2025 · full 3-year series below
Revenue $M Net income $M
FY2025 · Revenue 812.0 · Net income -68.1
400M800M-200M202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−8 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 5.6% · Net -8.4%
-50%-100%202320242025
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 66.9
25.0M50.0M-100.0M-200.0M202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks -7.5
-4M202320242025

Total assetsUSD 1.1B
EquityUSD 577.3M
CashUSD 796.3M
Gross debtUSD 379.0M
Net debtUSD -417.3M
Current ratio7.85×

The company holds more cash than debt.

The 3-year record
3 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023
Revenue $B0.80.40.3
Operating income $B0.0−0.3−0.3
EBITDA $B0.1−0.2−0.3
Income tax $B0.00.00.0
Net income $B−0.1−0.3−0.3
Free cash flow $B0.1−0.3−0.3
EPS, diluted $−3.22−10.66−13.24
Dividend / sh $···
Payout %···
ROE %···
Shares out B0.280.04·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 10 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 66 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Medical Laboratories
Listed onNASDAQ
Incorporated inTexas
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2023

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