7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 6.3% per year over the past 5 years.
Operating margin has contracted, at -247.6% in the latest year.
Financial health
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$21M
-$45M
127.9%
-247.6%
-$36M
—
$20M
2024
$22M
-$41M
141.9%
-230.5%
-$29M
—
$28M
2023
$19M
-$38M
187.4%
-247.7%
-$25M
—
$47M
2022
$29M
-$24M
136.2%
-95.2%
-$33M
—
$11M
2021
$22M
-$19M
140.2%
-84.3%
-$15M
—
$48M
2020
$15M
-$12M
151.5%
-71.6%
-$11M
—
$19M
2019
$13M
-$13M
144.2%
-93.7%
-$10M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$5M
-$5M
179.6%
-137.4%
-$8M
—
$15M
Dec '25
$5M
-$10M
118.9%
-234.5%
-$3M
—
$20M
Sep '25
$5M
-$12M
113.7%
-307.4%
-$8M
—
$13M
Jun '25
$6M
-$12M
120.0%
-244.3%
-$10M
—
$15M
Mar '25
$6M
-$10M
154.8%
-214.1%
-$15M
—
$23M
Dec '24
$6M
-$11M
105.9%
-213.1%
-$8M
—
$28M
Sep '24
$6M
-$12M
111.1%
-250.4%
-$5M
—
$37M
Jun '24
$5M
-$9M
180.1%
-241.0%
-$5M
—
$38M
Mar '24
$6M
-$10M
178.0%
-219.8%
-$11M
—
$22M
Dec '23
$5M
-$5M
296.3%
-170.2%
$66000
—
$47M
Sep '23
$4M
-$11M
173.5%
-335.7%
-$9M
—
$49M
Jun '23
$6M
-$11M
136.4%
-232.5%
-$11M
—
$55M
Mar '23
$5M
-$11M
152.6%
-265.5%
-$6M
—
$38M
Dec '22
$8M
-$5M
140.2%
-87.0%
-$8M
—
$11M
Sep '22
$7M
-$6M
129.7%
-107.8%
-$9M
—
$43M
Jun '22
$7M
-$8M
121.6%
-125.2%
-$6M
—
$109M
Mar '22
$7M
-$4M
153.5%
-60.7%
-$10M
—
$240M
Dec '21
$8M
-$5M
118.9%
-66.0%
-$2M
—
$48M
Sep '21
$6M
-$3M
163.9%
-43.6%
-$2M
—
$59M
Jun '21
$4M
-$4M
149.9%
-104.7%
-$5M
—
$37M
Valuation over time
How the market has priced MXCT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 18.4× (Mar '23) to 6.5× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is MXCT growing its revenue and profit?
Over the past 5 years, MAXCYTE, INC.'s revenue has grown 6.3% per year. These are computed facts, not advice.
How much debt does MXCT have?
As of FY2025, MAXCYTE, INC. reported — of total debt against $20M of cash.
What is MXCT's profit margin?
In FY2025, gross margin was 127.9%, operating margin -247.6%, and net margin -213.0%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.