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BioLife Solutions
(NASDAQ:BLFS)
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Rating:72Outperform
Price Target:
$36.00
▲(20.08% Upside)
Action:Reiterated
Date:08/04/26
BLFS scores strongest on improving fundamentals (rising revenue, strong gross margins, and better operating cash flow) and supportive technical momentum (price above key moving averages with positive MACD). The latest earnings call reinforced a positive trajectory with guidance pointing to first full-year GAAP profitability, while the announced Repligen acquisition adds a favorable corporate catalyst. Offsetting these strengths, valuation remains challenged due to negative earnings (negative P/E) and free-cash-flow inconsistency.
Positive Factors
High, Stable Gross Margins
Sustained mid-60% gross margins reflect durable product economics driven by BPM and consumables. High margins provide persistent operating leverage as revenue scales, supporting margin expansion and reinvestment even if sales mix shifts modestly over the next several quarters.
Negative Factors
Revenue and Customer Concentration
Heavy dependence on a single franchise and a small customer set concentrates sales risk: loss or volume reduction at a large customer could materially hit revenue. Concentration limits diversification benefits and makes top-line stability sensitive to a few counterparties over months.
Read all positive and negative factors
Positive Factors
Negative Factors
High, Stable Gross Margins
Sustained mid-60% gross margins reflect durable product economics driven by BPM and consumables. High margins provide persistent operating leverage as revenue scales, supporting margin expansion and reinvestment even if sales mix shifts modestly over the next several quarters.
Read all positive factors
BioLife Solutions (BLFS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.53B
Dividend YieldN/A
Average Volume (3M)363.00K
Price to Earnings (P/E)―
Beta (1Y)1.40
Revenue Growth-5.48%
EPS Growth-666.94%
CountryUS
Employees155
SectorHealthcare
Sector Strength45
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)-0.22
Shares Outstanding48,924,156
10 Day Avg. Volume392,925
30 Day Avg. Volume363,004
Financial Highlights & Ratios
PEG Ratio2.24
Price to Book (P/B)3.10
Price to Sales (P/S)12.00
P/FCF Ratio2.78K
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$31.00Price Target Upside3.40% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)0.15
Revenue Forecast (FY)$113.99M
BioLife Solutions Business Overview & Revenue Model
Company Description
BioLife Solutions, Inc. (BLFS) operates as a global provider of specialized bioproduction tools and services, primarily catering to the cell and gene therapy industry. Its market reach extends across the United States, Canada, Europe, the Middle E...
How the Company Makes Money
BioLife Solutions makes money primarily by selling products and services that support customers’ biologics workflows before, during, and after cryopreservation and transport. Key revenue streams include: (1) Consumable and recurring-use products: ...
BioLife Solutions Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call presented a constructive growth story highlighted by strong top-line performance (Q1 revenue +25%), improved profitability in absolute dollars (adjusted EBITDA up ~15%, GAAP net income positive), clear market leadership in BPM with robust pipeline visibility, and reaffirmed full-year guidance. Key operational challenges—most notably bag yield/scrap issues that compressed gross margin and adjusted EBITDA margin, rising operating expenses tied to R&D and severance, short-term cash/working capital pressures, and customer/product concentration—represent meaningful near-term risks but are described as manageable and temporary by management. Given the combination of durable demand drivers, strategic initiatives (product launches, cross-sell opportunities) and a solid balance sheet, the positive growth and leadership signals outweigh the transitory operational headwinds in management's view.Positive Updates
Strong Q1 Revenue Growth
Total revenue of $27.5 million in Q1 2026, up 25% year-over-year, driven primarily by biopreservation media (BPM) and growth across the product portfolio.
Negative Updates
Bag Yield Issues Driving Margin Pressure
Adjusted gross margin declined to 64% in Q1 2026 from 68% in Q1 2025 (GAAP gross margin 64% vs 67% prior). The decline is primarily attributed to a product mix shift toward bags and manufacturing yield/scrap issues tied to bags. Management views the yield impact as transitory but expects margin improvement only after customers select alternatives and existing bag inventory is consumed (estimated flow-through in Q4 2026 or Q1 2027).
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Q1 Revenue Growth
Total revenue of $27.5 million in Q1 2026, up 25% year-over-year, driven primarily by biopreservation media (BPM) and growth across the product portfolio.
Read all positive updates
Company Guidance
BioLife reiterated 2026 guidance of $112.5–$115.0 million in revenue (growth of ~17%–20% YoY), GAAP and adjusted gross margins in the mid‑60s, an expected expansion in adjusted EBITDA margin versus 2025, and the achievement of full‑year positive GAAP net income for the first time in many years; for context, Q1 revenue was $27.5M (+25% YoY) with adjusted EBITDA of $6.2M (22% of revenue) and adjusted gross margin of 64%, cash and marketable securities of $111.5M at March 31, 2026, shares outstanding of 48.9M (50.3M fully diluted) as of April 30, and management expects bag‑yield remediation to drive margin improvement by Q4 2026 (or Q1 2027).BioLife Solutions Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
84
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 99.77M | 96.21M | 82.25M | 75.86M | 76.24M | 119.16M |
| Gross Profit | 63.74M | 62.12M | 53.67M | 46.75M | 46.91M | 28.85M |
| EBITDA | -7.46M | 3.61M | 1.53M | -45.24M | -124.18M | -16.65M |
| Net Income | -10.50M | -12.13M | -20.18M | -66.43M | -139.81M | -8.91M |
Balance Sheet | ||||||
| Total Assets | 400.91M | 405.88M | 399.49M | 412.71M | 450.23M | 552.60M |
| Cash, Cash Equivalents and Short-Term Investments | 81.00M | 88.93M | 104.58M | 44.18M | 62.70M | 69.87M |
| Total Debt | 14.86M | 17.90M | 30.17M | 33.83M | 43.71M | 26.88M |
| Total Liabilities | 28.68M | 34.00M | 50.58M | 75.05M | 86.04M | 76.24M |
| Stockholders Equity | 372.23M | 371.89M | 348.91M | 337.66M | 364.19M | 480.75M |
Cash Flow | ||||||
| Free Cash Flow | -1.79M | 416.00K | 5.20M | -18.88M | -18.87M | -13.22M |
| Operating Cash Flow | 17.90M | 20.11M | 8.43M | -12.50M | -8.49M | -4.84M |
| Investing Cash Flow | -46.19M | -71.54M | 58.30M | 17.84M | -58.12M | -12.64M |
| Financing Cash Flow | -15.83M | -10.92M | -6.78M | 10.59M | 16.32M | -2.78M |
BioLife Solutions Technical Analysis
Positive
29.98
Price Trends
27.91
Positive
24.29
Positive
24.44
Positive
Market Momentum
1.30
Negative
67.45
Neutral
71.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLFS, the sentiment is Positive. The current price of 29.98 is below the 20-day moving average (MA) of 30.00, above the 50-day MA of 27.91, and above the 200-day MA of 24.44, indicating a bullish trend. The MACD of 1.30 indicates Negative momentum. The RSI at 67.45 is Neutral, neither overbought nor oversold. The STOCH value of 71.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BLFS.
BioLife Solutions Risk Analysis
BioLife Solutions disclosed 38 risk factors in its most recent earnings report. BioLife Solutions reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
BioLife Solutions Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $1.53B | -144.81 | -2.91% | ― | -5.48% | -666.94% | |
67 Neutral | $311.28M | -8.69 | -246.44% | ― | 17.41% | -189.91% | |
60 Neutral | $2.43B | -32.23 | -86.67% | ― | ― | -13.79% | |
59 Neutral | $1.34B | -9.43 | -58.76% | ― | 59.03% | 2.13% | |
58 Neutral | $1.30B | -7.12 | -10.69% | ― | -5.87% | -175.46% | |
54 Neutral | $1.21B | -58.00 | -6.07% | ― | 4.03% | 70.55% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
BLFS
BioLife Solutions
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11.79
56.87%
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BioLife Solutions Corporate Events
Business Operations and StrategyM&A Transactions
BioLife Details Strategic Repligen Merger Communication to Staff
Positive
Aug 3, 2026
On July 21, 2026, BioLife Solutions entered into a merger agreement with Repligen under which BioLife will first merge into a Repligen subsidiary and become a wholly owned unit, followed by a second merger that will fold BioLife into another Repli...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
BioLife Solutions to Be Acquired by Repligen Corporation
Positive
Jul 22, 2026
On July 21, 2026, BioLife Solutions entered into a merger agreement under which Repligen Corporation will acquire all outstanding BioLife shares for $11.25 in cash and 0.1442 Repligen shares per BioLife share, valuing the deal at about $1.5 billio...
Business Operations and StrategyFinancial Disclosures
BioLife Highlights Strategy Shift in New Investor Presentation
Positive
Jun 3, 2026
On June 3, 2026, BioLife Solutions, Inc. released a new investor presentation that management plans to use at the Jefferies Global Healthcare Conference and other investor meetings, and also posted it on its investor relations website for broader ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.