What is Seer's operating income?

Seer's total operating income in 2025 was -$77.99 million, based on the following breakdown: Total Gross Profit: $8.47 million Total Operating Expenses: $86.46 million

Seer (SEER) Financials

$2.20 +0.02 (+0.92%)

Closing price 04:00 PM Eastern

Extended Trading

$2.19 -0.01 (-0.23%)

As of 07:59 PM Eastern

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Annual Income Statements for Seer

This table shows Seer's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-33	-71	-93	-86	-87	-74
Consolidated Net Income / (Loss)	-33	-71	-93	-86	-87	-74
Net Income / (Loss) Continuing Operations	-33	-71	-93	-86	-87	-74
Total Pre-Tax Income	-33	-71	-93	-86	-87	-73
Total Operating Income	-34	-71	-97	-103	-100	-78
Total Gross Profit	0.66	3.41	7.09	8.51	7.06	8.47
Total Revenue	0.66	6.62	15	17	14	17
Operating Revenue	0.66	6.62	15	17	14	17
Total Cost of Revenue	0.00	3.21	8.40	8.16	7.12	8.11
Operating Cost of Revenue	0.00	3.21	8.40	8.16	7.12	8.11
Total Operating Expenses	34	75	104	112	107	86
Selling, General & Admin Expense	15	46	59	59	57	43
Research & Development Expense	19	29	46	53	51	44
Total Other Income / (Expense), net	0.87	0.30	4.27	17	14	4.59
Interest & Investment Income	0.88	0.33	4.60	18	14	5.60
Other Income / (Expense), net	-0.01	0.00	-0.33	-0.58	-0.42	-1.01
Income Tax Expense	-	-	-	0.00	0.10	0.20
Basic Earnings per Share	($2.48)	($1.17)	($1.49)	($1.35)	($1.39)	($1.28)
Weighted Average Basic Shares Outstanding	13.22M	60.86M	62.43M	63.85M	62.35M	57.45M
Diluted Earnings per Share	($2.48)	($1.17)	($1.49)	($1.35)	($1.39)	($1.28)
Weighted Average Diluted Shares Outstanding	13.22M	60.86M	62.43M	63.85M	62.35M	57.45M
Weighted Average Basic & Diluted Shares Outstanding	-	62.10M	63.74M	64.77M	59.78M	56.42M
Cash Dividends to Common per Share	-	-	-	$0.00	$0.00	$0.00

This table shows Seer's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-21	-18	-21	-23	-21	-22	-20	-19	-18	-16	-17
Consolidated Net Income / (Loss)	-21	-18	-21	-23	-21	-22	-20	-19	-18	-16	-17
Net Income / (Loss) Continuing Operations	-21	-18	-21	-23	-21	-22	-20	-19	-18	-16	-17
Total Pre-Tax Income	-21	-18	-21	-23	-21	-22	-20	-19	-18	-16	-17
Total Operating Income	-26	-22	-25	-27	-24	-23	-21	-21	-19	-17	-17
Total Gross Profit	2.16	2.00	1.36	1.73	1.94	2.03	2.06	2.11	2.11	2.18	0.98
Total Revenue	4.16	4.44	3.07	3.07	4.03	4.00	4.21	4.05	4.12	4.20	2.79
Operating Revenue	4.16	4.44	3.07	3.07	4.03	4.00	4.21	4.05	4.12	4.20	2.79
Total Cost of Revenue	2.01	2.44	1.71	1.34	2.09	1.98	2.14	1.94	2.01	2.02	1.81
Operating Cost of Revenue	2.01	2.44	1.71	1.34	2.09	1.98	2.14	1.94	2.01	2.02	1.81
Total Operating Expenses	28	24	27	29	26	26	23	23	21	20	18
Selling, General & Admin Expense	15	13	14	16	13	13	11	11	11	9.83	9.43
Research & Development Expense	13	11	12	13	13	13	11	12	11	9.74	8.81
Total Other Income / (Expense), net	4.76	4.43	4.51	4.25	3.00	1.84	0.88	1.15	1.14	1.42	0.43
Interest & Investment Income	4.77	4.72	4.59	4.43	3.22	1.78	1.64	1.15	1.35	1.46	0.50
Other Income / (Expense), net	-0.01	-0.29	-0.07	-0.19	-0.22	0.07	-0.76	0.00	-0.21	-0.05	-0.07
Income Tax Expense	-	-	0.00	0.00	0.00	-	0.10	0.05	0.02	0.03	0.01
Basic Earnings per Share	($0.33)	($0.27)	($0.32)	($0.35)	($0.35)	($0.37)	($0.34)	($0.33)	($0.32)	($0.29)	($0.30)
Weighted Average Basic Shares Outstanding	63.93M	63.85M	64.59M	64.58M	61.19M	62.35M	59.41M	58.09M	56.31M	57.45M	56.00M
Diluted Earnings per Share	($0.33)	($0.27)	($0.32)	($0.35)	($0.35)	($0.37)	($0.34)	($0.33)	($0.32)	($0.29)	($0.30)
Weighted Average Diluted Shares Outstanding	63.93M	63.85M	64.59M	64.58M	61.19M	62.35M	59.41M	58.09M	56.31M	57.45M	56.00M
Weighted Average Basic & Diluted Shares Outstanding	63.83M	64.77M	64.94M	61.43M	58.97M	59.78M	58.87M	56.34M	55.79M	56.42M	54.98M
Cash Dividends to Common per Share	-	-	$0.00	-	-	-	$0.00	-	-	-	$0.00

This table details how cash moves in and out of Seer's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	316	-101	-180	-21	8.25	6.53
Net Cash From Operating Activities	-21	-46	-61	-59	-46	-44
Net Cash From Continuing Operating Activities	-21	-46	-61	-59	-46	-44
Net Income / (Loss) Continuing Operations	-33	-71	-93	-86	-87	-74
Consolidated Net Income / (Loss)	-33	-71	-93	-86	-87	-74
Depreciation Expense	1.61	2.56	3.94	5.58	6.18	6.10
Amortization Expense	0.26	1.20	-0.83	-12	3.05	1.14
Non-Cash Adjustments To Reconcile Net Income	7.10	28	36	36	31	22
Changes in Operating Assets and Liabilities, net	2.98	-6.49	-7.34	-2.72	-0.14	-0.58
Net Cash From Investing Activities	-35	-171	-123	38	66	62
Net Cash From Continuing Investing Activities	-35	-171	-123	38	66	62
Purchase of Property, Plant & Equipment	-4.53	-6.92	-10	-7.31	-3.58	-1.80
Purchase of Investments	-88	-280	-366	-403	-263	-173
Sale of Property, Plant & Equipment	-	0.00	0.17	0.00	0.34	0.65
Sale and/or Maturity of Investments	58	116	254	448	342	238
Other Investing Activities, net	-	-	-	0.00	-10	-1.95
Net Cash From Financing Activities	371	117	3.89	0.45	-11	-11
Net Cash From Continuing Financing Activities	371	117	3.89	0.45	-11	-11
Repurchase of Common Equity	-0.01	-0.04	-0.02	-0.01	-12	-10
Issuance of Common Equity	315	103	0.78	0.37	0.32	0.40
Other Financing Activities, net	1.27	13	3.14	0.10	0.00	-0.77
Cash Income Taxes Paid	0.00	0.65	-	0.00	0.15	0.18

This table details how cash moves in and out of Seer's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-20	-3.90	22	-22	5.68	3.13	12	-15	7.04	2.31	0.03
Net Cash From Operating Activities	-14	-10	-10	-10	-14	-11	-11	-15	-7.57	-11	-15
Net Cash From Continuing Operating Activities	-14	-10	-10	-10	-14	-11	-11	-13	-7.57	-11	-15
Net Income / (Loss) Continuing Operations	-21	-18	-21	-23	-21	-22	-20	-19	-18	-16	-17
Consolidated Net Income / (Loss)	-21	-18	-21	-23	-21	-22	-20	-19	-18	-16	-17
Depreciation Expense	1.45	1.58	1.49	1.50	1.57	1.61	1.60	1.54	1.46	1.51	1.53
Amortization Expense	-3.15	-3.00	2.35	-0.40	0.61	0.49	1.10	-0.28	0.65	-0.33	0.77
Non-Cash Adjustments To Reconcile Net Income	8.92	7.85	7.66	7.95	7.48	8.31	7.02	7.41	5.19	4.45	3.87
Changes in Operating Assets and Liabilities, net	-0.53	1.18	-1.29	3.73	-2.46	-0.12	-1.19	-2.33	3.38	-0.45	-4.73
Net Cash From Investing Activities	-5.63	6.11	32	-8.78	26	16	25	7.36	17	13	18
Net Cash From Continuing Investing Activities	-5.63	6.11	32	-8.78	26	16	25	7.36	17	13	18
Purchase of Property, Plant & Equipment	-4.20	-1.84	-0.75	-1.17	-2.19	0.54	-0.65	-0.57	-0.28	-0.29	-0.27
Purchase of Investments	-48	-85	-101	-67	-41	-54	-63	-38	-46	-27	-48
Sale of Property, Plant & Equipment	-	-	0.00	-	-	-	0.30	0.11	0.24	-	0.00
Sale and/or Maturity of Investments	47	93	134	60	79	69	88	45	64	41	68
Other Investing Activities, net	-	-	0.00	-	-	-	0.00	-	-	-	-1.46
Net Cash From Financing Activities	0.03	0.18	0.00	-3.60	-6.64	-1.26	-1.50	-7.22	-1.99	0.14	-2.61
Net Cash From Continuing Financing Activities	0.03	0.18	0.00	-3.60	-6.64	-1.26	-1.50	-8.72	-1.99	0.14	-2.61
Repurchase of Common Equity	-0.01	-	0.00	-3.75	-6.64	-1.43	-0.68	-8.13	-2.01	-0.06	-2.62
Other Financing Activities, net	0.04	0.01	0.00	-	-	-	-0.83	-0.80	0.02	0.01	0.01

This table presents Seer's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	442	539	488	436	367	296
Total Current Assets	433	412	435	331	253	202
Cash & Equivalents	334	233	53	32	41	47
Short-Term Investments	98	167	368	284	196	139
Accounts Receivable	0.26	4.14	7.02	6.72	6.23	5.95
Inventories, net	0.55	4.15	4.63	4.49	7.44	7.80
Prepaid Expenses	0.45	3.34	2.10	3.08	3.25	1.89
Plant, Property, & Equipment, net	8.44	13	19	22	19	15
Total Noncurrent Assets	0.75	114	34	84	95	80
Long-Term Investments	-	93	5.16	57	63	55
Other Noncurrent Operating Assets	0.75	21	28	27	32	25
Total Liabilities & Shareholders' Equity	442	539	488	436	367	296
Total Liabilities	11	36	41	39	39	37
Total Current Liabilities	8.09	13	13	13	15	16
Accounts Payable	2.12	3.79	2.10	1.37	4.62	5.61
Accrued Expenses	5.54	8.39	8.30	9.21	7.94	7.14
Current Deferred Revenue	0.44	0.38	0.13	0.21	0.41	0.34
Other Current Liabilities	-	0.86	2.05	2.43	2.36	2.60
Total Noncurrent Liabilities	2.62	23	28	26	24	21
Other Noncurrent Operating Liabilities	0.72	23	28	26	24	21
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	432	503	447	397	328	259
Total Preferred & Common Equity	432	503	447	397	328	259
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	432	503	447	397	328	259
Common Stock	487	630	668	703	720	725
Retained Earnings	-55	-127	-219	-306	-392	-466
Accumulated Other Comprehensive Income / (Loss)	0.05	-0.54	-1.25	-0.19	0.14	0.46

This table presents Seer's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	445	422	407	383	347	322	309	272
Total Current Assets	346	324	300	264	255	226	214	182
Cash & Equivalents	36	54	32	38	52	38	45	47
Short-Term Investments	295	254	252	210	187	172	154	119
Accounts Receivable	7.75	6.15	5.70	6.45	5.35	5.71	5.16	4.26
Inventories, net	4.23	5.81	7.58	6.94	7.07	7.51	8.13	8.08
Prepaid Expenses	2.90	3.64	2.95	3.12	3.12	2.59	1.85	2.59
Plant, Property, & Equipment, net	22	21	20	21	17	16	15	13
Total Noncurrent Assets	77	77	86	99	75	80	79	77
Long-Term Investments	50	51	61	65	46	53	52	53
Other Noncurrent Operating Assets	27	26	25	34	29	27	27	24
Total Liabilities & Shareholders' Equity	445	422	407	383	347	322	309	272
Total Liabilities	39	38	42	39	36	34	37	31
Total Current Liabilities	13	13	17	14	13	12	15	10
Accounts Payable	0.75	2.56	4.63	0.74	4.45	2.67	4.26	2.50
Accrued Expenses	9.15	7.57	9.82	11	5.92	6.11	7.77	4.73
Current Deferred Revenue	0.19	0.27	0.19	0.35	0.41	0.54	0.49	0.33
Other Current Liabilities	2.43	2.43	2.41	2.39	2.42	2.47	2.53	2.68
Total Noncurrent Liabilities	27	26	25	24	23	22	22	20
Other Noncurrent Operating Liabilities	27	26	25	24	23	22	22	20
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	406	384	365	345	311	288	272	241
Total Preferred & Common Equity	406	384	365	345	311	288	272	241
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	406	384	365	345	311	288	272	241
Common Stock	695	711	715	715	723	720	721	724
Retained Earnings	-288	-326	-349	-371	-412	-432	-450	-483
Accumulated Other Comprehensive Income / (Loss)	-1.30	-0.52	-0.63	0.79	0.31	0.31	0.43	-0.06

This table displays calculated financial ratios and metrics derived from Seer's official financial filings.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	61,708,464.00	62,641,567.00	63,825,213.00	-	55,787,844.00
DEI Adjusted Shares Outstanding	0.00	61,708,464.00	62,641,567.00	63,825,213.00	-	55,787,844.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-1.15	-1.48	-1.35	-	-1.32
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	908.69%	134.14%	7.54%	-14.95%	16.99%
EBITDA Growth	0.00%	-113.01%	-39.49%	-16.46%	17.02%	21.40%
EBIT Growth	0.00%	-112.35%	-36.51%	-6.63%	3.39%	21.41%
NOPAT Growth	0.00%	-112.41%	-36.04%	-6.41%	3.25%	22.09%
Net Income Growth	0.00%	-117.14%	-30.63%	7.20%	-0.37%	15.01%
EPS Growth	0.00%	52.82%	-27.35%	9.40%	-2.96%	7.91%
Operating Cash Flow Growth	0.00%	-122.52%	-31.14%	2.82%	21.94%	3.60%
Free Cash Flow Firm Growth	0.00%	0.00%	-31.81%	4.25%	1.78%	39.09%
Invested Capital Growth	0.00%	3,901.57%	113.31%	15.66%	17.77%	-33.26%
Revenue Q/Q Growth	0.00%	70.23%	11.03%	-0.99%	-3.00%	1.23%
EBITDA Q/Q Growth	0.00%	-10.02%	-7.27%	1.01%	2.79%	6.60%
EBIT Q/Q Growth	0.00%	-10.57%	-5.57%	2.35%	-0.91%	7.05%
NOPAT Q/Q Growth	0.00%	-10.57%	-5.51%	2.56%	-1.27%	7.26%
Net Income Q/Q Growth	0.00%	-10.57%	-3.09%	5.19%	-4.77%	7.24%
EPS Q/Q Growth	0.00%	8.59%	-2.05%	6.25%	-7.75%	5.88%
Operating Cash Flow Q/Q Growth	0.00%	-17.44%	-3.20%	6.44%	-2.83%	1.44%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-8.60%	8.14%	2.95%	4.23%
Invested Capital Q/Q Growth	0.00%	12.38%	22.38%	-4.17%	-12.96%	-9.23%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	100.00%	51.56%	45.78%	51.05%	49.79%	51.06%
EBITDA Margin	-4,846.19%	-1,023.39%	-609.69%	-660.29%	-644.24%	-432.84%
Operating Margin	-5,129.42%	-1,080.14%	-627.61%	-620.99%	-706.43%	-470.45%
EBIT Margin	-5,130.79%	-1,080.14%	-629.76%	-624.46%	-709.37%	-476.55%
Profit (Net Income) Margin	-4,996.19%	-1,075.55%	-600.05%	-517.84%	-611.14%	-443.96%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.11%	100.27%
Interest Burden Percent	97.38%	99.57%	95.28%	82.93%	86.06%	92.91%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-1,064.27%	-449.97%	-326.10%	-270.14%	-233.41%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-1,059.70%	-444.55%	-322.63%	-265.22%	-226.37%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1,049.03%	430.39%	305.65%	246.23%	208.33%
Return on Equity (ROE)	-7.59%	-15.23%	-19.57%	-20.45%	-23.91%	-25.08%
Cash Return on Invested Capital (CROIC)	0.00%	-620.77%	-522.30%	-340.62%	-286.46%	-193.51%
Operating Return on Assets (OROA)	-7.61%	-14.56%	-19.00%	-22.51%	-25.04%	-23.84%
Return on Assets (ROA)	-7.41%	-14.50%	-18.10%	-18.67%	-21.57%	-22.21%
Return on Common Equity (ROCE)	-7.59%	-15.23%	-19.57%	-20.45%	-23.91%	-25.08%
Return on Equity Simple (ROE_SIMPLE)	-7.59%	-14.15%	-20.80%	-21.74%	-26.44%	0.00%
Net Operating Profit after Tax (NOPAT)	-24	-50	-68	-72	-70	-55
NOPAT Margin	-3,590.59%	-756.10%	-439.32%	-434.69%	-494.50%	-329.32%
Net Nonoperating Expense Percent (NNEP)	-2.14%	-4.57%	-5.42%	-3.47%	-4.91%	-7.04%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-18.25%	-21.39%	-21.05%
Cost of Revenue to Revenue	0.00%	48.44%	54.22%	48.95%	50.21%	48.94%
SG&A Expenses to Revenue	2,341.92%	691.61%	377.79%	353.82%	399.23%	256.86%
R&D to Revenue	2,887.50%	440.09%	295.60%	318.22%	356.99%	264.65%
Operating Expenses to Revenue	5,229.42%	1,131.71%	673.39%	672.04%	756.22%	521.52%
Earnings before Interest and Taxes (EBIT)	-34	-71	-98	-104	-101	-79
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-32	-68	-94	-110	-91	-72
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	1.20	2.80	0.81	0.31	0.42	0.39
Price to Tangible Book Value (P/TBV)	1.20	2.80	0.81	0.31	0.42	0.39
Price to Revenue (P/Rev)	788.23	212.72	23.45	7.43	9.61	6.16
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	94.69	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	129.90	138.18	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.00	-0.99	-0.97	-0.95	-0.93	-0.92
Leverage Ratio	1.02	1.05	1.08	1.10	1.11	1.13
Compound Leverage Factor	1.00	1.05	1.03	0.91	0.95	1.05
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	29.70	23.45	5.11	1.03	0.51	-0.61
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	53.51	30.67	34.57	25.00	16.53	12.84
Quick Ratio	53.39	30.11	34.03	24.42	15.83	12.23
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-60	-79	-76	-74	-45
Operating Cash Flow to CapEx	-459.37%	-669.56%	-602.08%	-808.11%	-1,422.68%	-3,861.69%
Free Cash Flow to Firm to Interest Expense	0.00	-2,724.60	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	-2,106.68	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-2,421.32	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.01	0.03	0.04	0.04	0.05
Accounts Receivable Turnover	2.50	3.00	2.78	2.43	2.19	2.72
Inventory Turnover	0.00	1.37	1.92	1.79	1.19	1.07
Fixed Asset Turnover	0.08	0.61	0.95	0.80	0.70	0.99
Accounts Payable Turnover	0.00	1.09	2.85	4.69	2.38	1.59
Days Sales Outstanding (DSO)	145.78	121.52	131.48	150.44	166.72	134.10
Days Inventory Outstanding (DIO)	0.00	267.40	190.58	204.05	305.93	342.62
Days Payable Outstanding (DPO)	0.00	336.19	128.03	77.74	153.67	230.17
Cash Conversion Cycle (CCC)	145.78	52.73	194.03	276.75	318.98	246.55
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	-0.25	9.66	21	24	28	19
Invested Capital Turnover	-2.58	1.41	1.02	0.75	0.55	0.71
Increase / (Decrease) in Invested Capital	0.00	9.91	11	3.23	4.23	-9.33
Enterprise Value (EV)	85	914	-63	-249	-163	-138
Market Capitalization	517	1,408	363	124	136	102
Book Value per Share	$32.66	$8.15	$7.14	$6.22	$5.56	$4.65
Tangible Book Value per Share	$32.66	$8.15	$7.14	$6.22	$5.56	$4.65
Total Capital	432	503	447	397	328	259
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-432	-493	-426	-373	-300	-241
Capital Expenditures (CapEx)	4.53	6.92	10	7.31	3.24	1.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-6.83	-1.80	1.16	1.07	1.59	-0.05
Debt-free Net Working Capital (DFNWC)	425	398	422	317	238	186
Net Working Capital (NWC)	425	398	422	317	238	186
Net Nonoperating Expense (NNE)	9.22	21	25	14	17	19
Net Nonoperating Obligations (NNO)	-432	-493	-426	-373	-300	-241
Total Depreciation and Amortization (D&A)	1.87	3.76	3.11	-5.97	9.23	7.25
Debt-free, Cash-free Net Working Capital to Revenue	-1,041.01%	-27.17%	7.48%	6.40%	11.19%	-0.33%
Debt-free Net Working Capital to Revenue	64,791.77%	6,018.98%	2,726.38%	1,904.39%	1,679.57%	1,121.02%
Net Working Capital to Revenue	64,791.77%	6,018.98%	2,726.38%	1,904.39%	1,679.57%	1,121.02%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($1.17)	($1.49)	($1.35)	($1.39)	($1.28)
Adjusted Weighted Average Basic Shares Outstanding	0.00	60.86M	62.43M	63.85M	62.35M	57.45M
Adjusted Diluted Earnings per Share	$0.00	($1.17)	($1.49)	($1.35)	($1.39)	($1.28)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	60.86M	62.43M	63.85M	62.35M	57.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	62.10M	63.74M	64.77M	59.78M	56.42M
Normalized Net Operating Profit after Tax (NOPAT)	-24	-50	-68	-72	-70	-55
Normalized NOPAT Margin	-3,590.59%	-756.10%	-439.32%	-434.69%	-494.50%	-329.32%
Pre Tax Income Margin	-4,996.19%	-1,075.55%	-600.05%	-517.84%	-610.45%	-442.75%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-3,248.77	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	-2,274.14	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-3,563.41	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-2,588.78	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.04%	-0.05%	-0.02%	-0.02%	-13.64%	-13.86%

This table displays calculated financial ratios and metrics derived from Seer's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	63,939,971.00	63,825,213.00	64,773,180.00	64,936,680.00	61,429,143.00	-	59,782,035.00	58,868,846.00	56,339,339.00	55,787,844.00	56,420,772.00
DEI Adjusted Shares Outstanding	63,939,971.00	63,825,213.00	64,773,180.00	64,936,680.00	61,429,143.00	-	59,782,035.00	58,868,846.00	56,339,339.00	55,787,844.00	56,420,772.00
DEI Earnings Per Adjusted Shares Outstanding	-0.33	-0.28	-0.32	-0.35	-0.35	-	-0.33	-0.33	-0.32	-0.29	-0.30
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.23%	-3.63%	-24.35%	-23.35%	-3.12%	-9.87%	37.15%	31.87%	2.21%	5.03%	-33.58%
EBITDA Growth	-13.27%	4.46%	25.64%	11.86%	18.84%	10.96%	12.29%	26.40%	21.97%	23.79%	20.00%
EBIT Growth	-2.34%	10.00%	8.71%	2.53%	5.05%	-4.01%	14.95%	24.76%	20.34%	25.58%	19.38%
NOPAT Growth	-3.11%	10.89%	8.21%	3.02%	5.88%	-5.65%	17.71%	24.23%	20.47%	25.98%	16.76%
Net Income Growth	12.06%	20.98%	13.69%	2.48%	-1.14%	-22.15%	3.54%	14.99%	14.51%	26.44%	15.60%
EPS Growth	13.16%	25.00%	15.79%	5.41%	-6.06%	-37.04%	-6.25%	5.71%	8.57%	21.62%	11.76%
Operating Cash Flow Growth	-7.76%	28.52%	45.91%	33.46%	1.97%	-12.43%	-9.19%	-45.58%	46.44%	5.67%	-35.19%
Free Cash Flow Firm Growth	-1.29%	33.86%	27.73%	34.23%	6.57%	-10.05%	18.79%	-14.38%	92.06%	86.28%	47.41%
Invested Capital Growth	47.69%	15.66%	8.38%	-9.26%	29.67%	17.77%	5.50%	24.84%	-36.00%	-33.26%	-14.56%
Revenue Q/Q Growth	3.84%	6.63%	-30.91%	0.20%	31.25%	-0.79%	5.13%	-3.66%	1.73%	1.94%	-33.52%
EBITDA Q/Q Growth	7.19%	13.14%	10.53%	-22.21%	14.54%	4.71%	11.88%	-2.55%	9.39%	6.92%	7.50%
EBIT Q/Q Growth	7.63%	12.90%	-12.19%	-7.99%	10.02%	4.59%	8.25%	4.48%	4.73%	10.87%	0.61%
NOPAT Q/Q Growth	7.50%	13.98%	-13.31%	-7.56%	10.23%	3.44%	11.74%	0.97%	5.77%	10.14%	0.74%
Net Income Q/Q Growth	10.00%	15.60%	-16.18%	-10.50%	6.66%	-1.94%	8.25%	2.63%	6.13%	12.28%	-5.27%
EPS Q/Q Growth	10.81%	18.18%	-18.52%	-9.38%	0.00%	-5.71%	8.11%	2.94%	3.03%	9.38%	-3.45%
Operating Cash Flow Q/Q Growth	4.77%	29.29%	-2.61%	3.70%	-40.30%	18.90%	0.35%	-28.39%	48.38%	-42.84%	-42.82%
Free Cash Flow Firm Q/Q Growth	-1.53%	28.07%	-3.89%	13.31%	-44.22%	15.27%	23.34%	-22.10%	89.99%	-46.40%	-193.79%
Invested Capital Q/Q Growth	12.45%	-4.17%	2.27%	-17.67%	60.70%	-12.96%	-8.39%	-2.58%	-17.62%	-9.23%	17.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.80%	45.09%	44.39%	56.35%	48.07%	50.63%	49.01%	52.11%	51.20%	51.96%	35.16%
EBITDA Margin	-662.28%	-539.48%	-698.63%	-852.15%	-554.86%	-532.98%	-446.78%	-475.59%	-423.59%	-386.77%	-538.13%
Operating Margin	-620.98%	-500.95%	-821.66%	-882.03%	-603.30%	-587.20%	-493.01%	-506.79%	-469.45%	-413.83%	-617.83%
EBIT Margin	-621.22%	-507.41%	-824.04%	-888.12%	-608.85%	-585.53%	-511.03%	-506.71%	-474.55%	-414.90%	-620.26%
Profit (Net Income) Margin	-506.68%	-401.06%	-674.46%	-743.82%	-528.97%	-543.55%	-474.39%	-479.49%	-442.47%	-380.72%	-602.83%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.45%	100.51%	100.25%	100.13%	100.18%	100.06%
Interest Burden Percent	81.56%	79.04%	81.85%	83.75%	86.88%	92.41%	92.36%	94.39%	93.12%	91.60%	97.13%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-350.92%	-263.06%	-384.91%	-431.64%	-216.11%	-224.54%	-211.05%	-256.25%	-203.61%	-205.32%	-275.24%
ROIC Less NNEP Spread (ROIC-NNEP)	-350.20%	-262.50%	-384.12%	-430.59%	-214.87%	-222.97%	-209.37%	-254.59%	-201.95%	-203.90%	-273.35%
Return on Net Nonoperating Assets (RNNOA)	333.29%	248.68%	362.09%	407.40%	198.53%	207.00%	194.28%	237.01%	184.63%	187.65%	249.77%
Return on Equity (ROE)	-17.64%	-14.38%	-22.83%	-24.24%	-17.59%	-17.54%	-16.78%	-19.25%	-18.98%	-17.67%	-25.47%
Cash Return on Invested Capital (CROIC)	-395.08%	-340.62%	-310.54%	-323.55%	-268.23%	-286.46%	-272.79%	-298.61%	-178.81%	-193.51%	-203.18%
Operating Return on Assets (OROA)	-22.12%	-18.29%	-28.87%	-30.17%	-21.48%	-20.67%	-20.34%	-22.64%	-22.46%	-20.76%	-30.37%
Return on Assets (ROA)	-18.04%	-14.46%	-23.63%	-25.26%	-18.66%	-19.19%	-18.88%	-21.42%	-20.94%	-19.05%	-29.52%
Return on Common Equity (ROCE)	-17.64%	-14.38%	-22.83%	-24.24%	-17.59%	-17.54%	-16.78%	-19.25%	-18.98%	-17.67%	-25.47%
Return on Equity Simple (ROE_SIMPLE)	-22.43%	0.00%	-21.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-18	-16	-18	-19	-17	-16	-15	-14	-14	-12	-12
NOPAT Margin	-434.68%	-350.66%	-575.16%	-617.42%	-422.31%	-411.04%	-345.11%	-354.75%	-328.61%	-289.68%	-432.48%
Net Nonoperating Expense Percent (NNEP)	-0.73%	-0.56%	-0.79%	-1.05%	-1.24%	-1.58%	-1.69%	-1.66%	-1.66%	-1.42%	-1.88%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.92%	-4.60%	-5.20%	-4.94%	-5.02%	-4.67%	-4.98%	-4.98%	-4.69%	-5.00%
Cost of Revenue to Revenue	48.20%	54.91%	55.61%	43.65%	51.93%	49.38%	50.99%	47.89%	48.80%	48.04%	64.84%
SG&A Expenses to Revenue	354.85%	294.46%	466.01%	523.86%	329.76%	322.35%	272.10%	263.05%	258.65%	233.90%	337.70%
R&D to Revenue	317.92%	251.58%	400.03%	414.52%	321.60%	315.48%	269.92%	295.85%	262.00%	231.90%	315.29%
Operating Expenses to Revenue	672.78%	546.03%	866.05%	938.38%	651.36%	637.83%	542.02%	558.90%	520.65%	465.79%	652.99%
Earnings before Interest and Taxes (EBIT)	-26	-23	-25	-27	-25	-23	-21	-21	-20	-17	-17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-28	-24	-21	-26	-22	-21	-19	-19	-17	-16	-15
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.35	0.31	0.32	0.30	0.35	0.42	0.32	0.44	0.45	0.39	0.39
Price to Tangible Book Value (P/TBV)	0.35	0.31	0.32	0.30	0.35	0.42	0.32	0.44	0.45	0.39	0.39
Price to Revenue (P/Rev)	8.40	7.43	7.85	7.40	8.28	9.61	6.60	7.73	7.47	6.16	6.25
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.95	-0.95	-0.94	-0.95	-0.92	-0.93	-0.93	-0.93	-0.91	-0.92	-0.91
Leverage Ratio	1.09	1.10	1.10	1.11	1.10	1.11	1.11	1.12	1.12	1.13	1.12
Compound Leverage Factor	0.89	0.87	0.90	0.93	0.96	1.02	1.02	1.05	1.05	1.03	1.09
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.00	1.65	1.56	1.01	1.13	1.20	0.69	0.97	0.57	0.08	-0.03
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	27.65	25.00	25.27	17.59	18.36	16.53	19.34	19.15	14.25	12.84	17.73
Quick Ratio	27.08	24.42	24.53	16.97	17.66	15.83	18.57	18.29	13.59	12.23	16.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-26	-19	-20	-17	-24	-21	-16	-19	-1.94	-2.84	-8.34
Operating Cash Flow to CapEx	-343.04%	-554.11%	-1,386.74%	-857.67%	-644.48%	0.00%	-3,216.06%	-3,179.61%	-17,595.35%	-3,701.03%	-5,716.67%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.03	0.04	0.04	0.04	0.04	0.05	0.05	0.05
Accounts Receivable Turnover	2.38	2.43	2.35	2.46	2.06	2.19	2.66	2.85	2.82	2.72	3.16
Inventory Turnover	1.58	1.79	1.65	1.17	1.36	1.19	1.17	1.08	1.07	1.07	1.03
Fixed Asset Turnover	0.89	0.80	0.79	0.69	0.69	0.70	0.80	0.88	0.91	0.99	0.99
Accounts Payable Turnover	3.40	4.69	3.48	1.52	10.18	2.38	2.15	2.23	3.23	1.59	2.24
Days Sales Outstanding (DSO)	153.18	150.44	155.24	148.60	177.35	166.72	137.14	127.90	129.34	134.10	115.64
Days Inventory Outstanding (DIO)	230.53	204.05	220.78	313.00	268.80	305.93	311.15	337.85	340.60	342.62	355.36
Days Payable Outstanding (DPO)	107.48	77.74	104.75	240.72	35.86	153.67	169.45	163.41	113.01	230.17	162.96
Cash Conversion Cycle (CCC)	276.23	276.75	271.28	220.87	410.29	318.98	278.84	302.34	356.94	246.55	308.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	25	24	24	20	32	28	26	25	21	19	22
Invested Capital Turnover	0.81	0.75	0.67	0.70	0.51	0.55	0.61	0.72	0.62	0.71	0.64
Increase / (Decrease) in Invested Capital	8.03	3.23	1.88	-2.05	7.38	4.23	1.34	4.98	-12	-9.33	-3.74
Enterprise Value (EV)	-240	-249	-236	-236	-191	-163	-184	-137	-129	-138	-125
Market Capitalization	141	124	123	109	121	136	101	126	122	102	95
Book Value per Share	$6.34	$6.22	$5.92	$5.62	$5.61	$5.56	$5.20	$4.90	$4.82	$4.65	$4.28
Tangible Book Value per Share	$6.34	$6.22	$5.92	$5.62	$5.61	$5.56	$5.20	$4.90	$4.82	$4.65	$4.28
Total Capital	406	397	384	365	345	328	311	288	272	259	241
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-381	-373	-359	-345	-312	-300	-285	-263	-251	-241	-220
Capital Expenditures (CapEx)	4.20	1.84	0.75	1.17	2.19	-0.54	0.36	0.46	0.04	0.29	0.27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.36	1.07	2.77	-0.80	2.12	1.59	2.35	4.03	0.09	-0.05	4.68
Debt-free Net Working Capital (DFNWC)	334	317	311	283	250	238	242	214	199	186	171
Net Working Capital (NWC)	334	317	311	283	250	238	242	214	199	186	171
Net Nonoperating Expense (NNE)	3.00	2.24	3.04	3.88	4.30	5.30	5.44	5.05	4.69	3.82	4.76
Net Nonoperating Obligations (NNO)	-381	-373	-359	-345	-312	-300	-285	-263	-251	-241	-220
Total Depreciation and Amortization (D&A)	-1.71	-1.42	3.85	1.11	2.18	2.10	2.70	1.26	2.10	1.18	2.29
Debt-free, Cash-free Net Working Capital to Revenue	14.00%	6.40%	17.67%	-5.43%	14.51%	11.19%	15.32%	24.72%	0.53%	-0.33%	30.85%
Debt-free Net Working Capital to Revenue	1,982.43%	1,904.39%	1,986.22%	1,917.85%	1,709.47%	1,679.57%	1,581.23%	1,312.95%	1,217.08%	1,121.02%	1,129.83%
Net Working Capital to Revenue	1,982.43%	1,904.39%	1,986.22%	1,917.85%	1,709.47%	1,679.57%	1,581.23%	1,312.95%	1,217.08%	1,121.02%	1,129.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.33)	($0.27)	($0.32)	($0.35)	($0.35)	($0.37)	($0.34)	($0.33)	($0.32)	($0.29)	($0.30)
Adjusted Weighted Average Basic Shares Outstanding	63.93M	63.85M	64.59M	64.58M	61.19M	62.35M	59.41M	58.09M	56.31M	57.45M	56.00M
Adjusted Diluted Earnings per Share	($0.33)	($0.27)	($0.32)	($0.35)	($0.35)	($0.37)	($0.34)	($0.33)	($0.32)	($0.29)	($0.30)
Adjusted Weighted Average Diluted Shares Outstanding	63.93M	63.85M	64.59M	64.58M	61.19M	62.35M	59.41M	58.09M	56.31M	57.45M	56.00M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	63.83M	64.77M	64.94M	61.43M	58.97M	59.78M	58.87M	56.34M	55.79M	56.42M	54.98M
Normalized Net Operating Profit after Tax (NOPAT)	-18	-16	-18	-19	-17	-16	-15	-14	-14	-12	-12
Normalized NOPAT Margin	-434.68%	-350.66%	-575.16%	-617.42%	-422.31%	-411.04%	-345.11%	-354.75%	-328.61%	-289.68%	-432.48%
Pre Tax Income Margin	-506.68%	-401.06%	-674.46%	-743.82%	-528.97%	-541.10%	-471.99%	-478.30%	-441.88%	-380.05%	-602.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.01%	-0.02%	0.00%	-4.56%	-12.56%	-13.64%	-14.55%	-19.65%	-14.59%	-13.86%	-17.23%

Financials Breakdown Chart

Seer Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Seer's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Seer's net income appears to be on an upward trend, with a most recent value of -$73.60 million in 2025, rising from -$32.78 million in 2020. The previous period was -$86.60 million in 2024. See where experts think Seer is headed by visiting Seer's forecast page.

Seer's total operating income in 2025 was -$77.99 million, based on the following breakdown:

Total Gross Profit: $8.47 million
Total Operating Expenses: $86.46 million

Over the last 5 years, Seer's total revenue changed from $656 thousand in 2020 to $16.58 million in 2025, a change of 2,427.1%.

Seer's total liabilities were at $36.78 million at the end of 2025, a 5.8% decrease from 2024, and a 243.4% increase since 2020.

In the past 5 years, Seer's cash and equivalents has ranged from $32.50 million in 2023 to $333.59 million in 2020, and is currently $47.29 million as of their latest financial filing in 2025.

Over the last 5 years, Seer's book value per share changed from 32.66 in 2020 to 4.65 in 2025, a change of -85.8%.

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Financial statements for NASDAQ:SEER last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Seer (SEER) Financials

Financials Breakdown Chart

Seer Financials - Frequently Asked Questions

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Seer (SEER) Financials

Annual Income Statements for Seer

Quarterly Income Statements for Seer

Annual Cash Flow Statements for Seer

Quarterly Cash Flow Statements for Seer

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Quarterly Balance Sheets for Seer

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Quarterly Metrics And Ratios for Seer

Financials Breakdown Chart

Seer Financials - Frequently Asked Questions

When does Seer's financial year end?

How has Seer's net income changed over the last 5 years?

What is Seer's operating income?

How has Seer's revenue changed over the last 5 years?

How much debt does Seer have?

How much cash does Seer have?

How has Seer's book value per share changed over the last 5 years?

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