Strong Cash Position and No Debt
Cash balance of $373 million with no bank debt as of Q1 2026, providing runway to invest in autonomous labs and related initiatives.
Material Reduction in Operating Costs
R&D expense decreased 38% (from $49M to $30M) and G&A expense decreased 35% (from $20M to $13M) year-over-year, driven by restructuring; net loss from continuing operations improved to $76M from $83M.
Improved Cash Burn and Reaffirmed 2026 Guidance
Q1 2026 cash burn was $48M, down 17% from $58M in Q1 2025; company reaffirmed full-year 2026 cash burn guidance of $125M–$150M.
Autonomous Lab (Nebula) Expansion and Usage
Nebula expanded from ~50 racks to a planned 103–105 racks, ran 100+ protocols (30+ unique), integrated 80+ devices, and had a peak day with ~439 scientists submitting protocols, demonstrating scale and customer engagement.
Revenue-Generating Contracts & Strategic Spin-Off
Signed a $47M contract with Pacific Northwest National Labs for a large autonomous lab deployment; closed the biosecurity spin-off (Perimeter) raising $60M and positioning Ginkgo as a shareholder.
AI Integration Demonstrated with OpenAI
OpenAI project using GPT-5 to design experiments achieved a 40% improvement in the cost of cell-free protein synthesis over scientific state-of-the-art after 6 design rounds, validating AI-driven experimental workflows.
Cloud Lab, DataPoints and Channel Partnerships
Launched cloud.ginkgo.bio (cloud lab) with multiple protocols posted and price transparency; DataPoints onboarded 10 top biopharma customers in its first year; new channel partnerships announced with AWS (Amazon BioDiscovery), Benchling and Tamarind Bio.