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MARKETS / NASDAQ / MCRB
NASDAQ · PHARMACEUTICAL PREPARATIONS · SMALL CAP

Seres Therapeutics, Inc. MCRB

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$789,000
$5.7M
▲ 4088.2% YoY
$865,000
In brief

What this company does

We are a clinical-stage company focused on improving patient outcomes in medically vulnerable populations through discovery and development of novel live biotherapeutic product, or LBP, candidates. We led the successful development and approval of VOWST, the first FDA-approved orally administered microbiome biotherapeutic and a Breakthrough Therapy designated drug, which was sold to Société des Produits Nestlé S.A., or SPN, and with certain of its affiliates, collectively, Nestlé Health Science, in September 2024. Our pipeline consists of SER-155, SER-603, and SER-147, as well as other potential candidates in earlier development. Our LBP candidates are consortia of bacteria designed to optimize specific, targeted pharmacological properties, and are formulated for oral delivery. SER-155, our most advanced LBP candidate, is an investigational, oral, live biotherapeutic designed to decolonize GI pathogens, improve GI epithelial barrier integrity, and induce immune homeostasis to prevent bacterial BSIs, including those that can harbor antimicrobial resistance, as well as other pathogen-associated negative clinical outcomes in patients undergoing allogeneic hematopoietic stem cell transplantation, or allo-HSCT. We are evaluating SER-155 in immune checkpoint-related enterocolitis, or irEC, and we are developing SER-603, broadly in inflammatory bowel disease, or IBD, including ulcerative colitis, or UC, and Crohn's disease.

Written from the business description in Seres Therapeutics, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.

Growth
USD 789,000.00
Revenue, FY2025 · full 13-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.8 · Net income 5.7
50M100M-100M-200M2013201520172019202120232025
Compound annual growth
−52.0%
−41.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −41.9% a year over five years.

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
722 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating -11910.1% · Net 721.9%
-5000%-10000%2013201520172019202120232025
ROE
FY2025 · ROE 19.6%
-500%-1000%-1500%2013201520172019202120232025

Each USD of equity produced 20 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 0.9
-80M-160M2013201520172019202120232025
Net buybacks $ Dividends $
FY2017 · Dividends — · Net buybacks -83000.0
-40000-800002017

Total assetsUSD 138.2M
EquityUSD 44.2M
CashUSD 45.8M
Current ratio2.56×

Equity funds 32% of total assets.

The 13-year record
13 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 2025202420232022202120202019201820172016201520142013
Revenue $B0.00.00.00.00.10.00.00.00.00.00.0··
Operating income $B−0.1−0.1−0.2−0.2−0.1−0.1−0.1−0.1−0.1−0.1−0.1−0.0−0.0
EBITDA $B−0.1−0.1−0.2−0.2−0.1−0.1−0.1−0.1−0.1−0.1−0.1−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.00.0−0.1−0.3−0.1−0.1−0.1−0.1−0.1−0.1−0.1−0.0−0.0
Free cash flow $B0.0−0.1−0.1−0.2−0.0−0.1−0.1−0.1−0.10.0−0.0−0.0−0.0
EPS, diluted $0.640.00−17.77−2.31−0.72−1.12−1.24−2.43−2.21−2.30−2.33−2.67−1.09
Dividend / sh $·············
Payout %·············
ROE %19.6··−351.6−42.8−141.0·−1563.8−92.5−54.2−61.3··
Shares out B0.010.010.140.130.090.090.070.040.040.040.040.01·

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 49 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 27 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2013

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