Significant Cost Reduction Achieved
Ginkgo Bioworks achieved a $205 million reduction in annual run rate costs between Q1 2024 and Q1 2025, exceeding the target of $200 million set for mid-2025.
Increase in Cell Engineering Revenue
Cell Engineering revenue increased by 37% to $38 million in Q1 2025 compared to Q1 2024. Excluding noncash revenue, the increase was 10%.
Strategic Expansion into Tools Business
Ginkgo Bioworks expanded its offerings to include tools business, Datapoints and Automation, aiming to diversify revenue streams and serve a broader customer base.
Improved Profitability and Cash Burn
Adjusted EBITDA improved from negative $117 million in Q1 2024 to negative $47 million in Q1 2025. Cash burn decreased from $104 million to $58 million year-over-year.
New Government Contracts
Ginkgo secured a $29 million ARPA-H contract and continues to work on 28 government projects with a significant backlog.