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MARKETS / NASDAQ / MXCT
NASDAQ · SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH · SMALL CAP

Maxcyte, Inc. MXCT

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$33.0M
▼ 14.5% YoY
$-44.6M
$-36.2M
In brief

What this company does

We generate recurring revenue from our ExPERT instrumentation licenses, as well as PAs and consumables (or buffer) sales, which provides high visibility into future near-term revenue. As of December 31, 2025, of our 91 full-time employees, 50 have advanced degrees, including 23 with Ph.D. degrees. We were incorporated under the laws of the State of Delaware in July 1998 under the name Theramed, Inc. and changed our name to MaxCyte, Inc. in 2001.

Written from the business description in MaxCyte, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 March 2026. Every sentence was checked against that document before publication.

Growth
USD 33.0M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 33.0 · Net income -44.6
20M40M-20M-40M2019202020212022202320242025
Compound annual growth
−9.3%
+4.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.8% 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
−135 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -157.1% · Net -135.1%
-50%-100%-150%2019202020212022202320242025
ROE
FY2025 · ROE -23.6%
-50%2019202020212022202320242025

Each USD of equity lost 24 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -36.2
-20M2019202020212022202320242025

Total assetsUSD 202.5M
EquityUSD 171.5M
CashUSD 20.1M
Current ratio8.30×

Equity funds 85% of total assets.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.00.00.00.00.00.00.0
Operating income $B−0.1−0.1−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B····0.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−0.42−0.39−0.37−0.23−0.21−0.17−0.23
Dividend / sh $·······
Payout %·······
ROE %−23.6−18.7−15.6−9.1−12.9−50.5−94.8
Shares out B0.110.110.100.100.100.08·

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 33 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Commercial Physical & Biological Research
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company, smaller reporting company
Data on record since2019

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