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MARKETS / NASDAQ / SERA
NASDAQ · SERVICES-MEDICAL LABORATORIES

Sera Prognostics, Inc. SERA

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$81,000
▲ 5.2% YoY
$-31.9M
$-26.3M
In brief

What this company does

We are a women’s health company utilizing our proprietary proteomics and bioinformatics platform, and significant data resources to improve maternal and neonatal health by discovering, developing, and commercializing blood-based biomarker tests, and predictive analytic products and services. We plan to do this by taking a holistic approach to providing pivotal and actionable information to pregnant women, their physicians, and health care payers to significantly enhance a mother’s pregnancy journey, improve maternal and neonatal health, and reduce health care costs. Our first commercial product, the PreTRM test, is the only broadly validated, commercially available blood-based biomarker test to accurately predict the risk of a preterm birth. The PreTRM test is a non-invasive blood test given to a pregnant woman carrying a single fetus during weeks 18 through 20 of gestation that provides an accurate prediction of the expectant mother’s risk of delivering spontaneously before 37 weeks’ gestation. Our commercialization strategy includes utilizing results derived from past and future clinical trials to demonstrate the health and economic benefits of early and accurate detection of preterm birth risk coupled with well-recognized interventions in higher risk patients, illustrating these benefits to health care providers, insurance payers, and consumers, while providing convenient access to the test through streamlined specimen collection options.

Written from the business description in Sera Prognostics, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 March 2026. Every sentence was checked against that document before publication.

Growth
USD 81,000.00
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.1 · Net income -31.9
-20M-40M202020212022202320242025
Compound annual growth
−32.9%
+26.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +26.5% 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
−39417 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -45066.7% · Net -39417.3%
-20000%-40000%-60000%202020212022202320242025
ROE
FY2025 · ROE -51.8%
-200%-400%202020212022202320242025
Gross margin-102.5%
Operating margin-45066.7%
Net margin-39417.3%
Return on assets-36.6%
EBITDAUSD -35.6M

Each USD of equity lost 52 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -26.3
-20M202020212022202320242025

Total assetsUSD 101.9M
EquityUSD 75.4M
CashUSD 3.9M
Current ratio1.69×

Equity funds 74% of total assets.

The 6-year record
6 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 202520242023202220212020
Revenue $B0.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.0
Net income $B−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
EPS, diluted $−0.67−0.99−1.16−1.43−2.33−12.76
Dividend / sh $······
Payout %······
ROE %−51.8−55.8−42.9−37.2−538.8·

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 24 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 68 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Medical Laboratories
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2020

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