What is Azenta's work in process?

Azenta (AZTA) reported work in process of $4.94M in Q1 2026.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Azenta AZTA Work in process

Work in process at other companies

Twist Bioscience CorporationTWST

$2.94M+90.4%

BioLife SolutionsBLFS

$5.8M+29.3%

Maravai LifeSciences Holdings, Inc.MRVI

$8.98M-9.4%

Thermo Fisher ScientificTMO

——

DanaherDHR

——

IlluminaILMN

——

Other financials

Income statement

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Revenue$144.8M+1.0%

Gross profit$62.0M-1.2%

Operating income-$165.8M-811%

Net income-$160.8M-237%

EPS (diluted)-$3.49-236%

Balance sheet

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Cash & equivalents$125.2M—

Total debt$55.7M—

Total equity$1.6B-8.3%

Total assets$1.9B—

Cash flow

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Operating cash flow$13.5M-6.2%

CapEx$7.4M-0.1%

Free cash flow$6.1M-12.7%

Valuation

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Market cap$1.1B-16.3%

Enterprise value$1.03B—

P/S1.8×-0.2×

Profitability

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Gross margin40%-1.0pp

Operating margin-31.6%-59.7pp

Net margin-29.1%-80.7pp

FCF margin8.6%—

Returns & leverage

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Return on equity-10.7%-22.4pp

Debt / equity0×—

Current ratio2.8×—

Where this comes from

Reported directly by Azenta in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Azenta’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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What is Azenta's work in process?: Azenta (AZTA) reported work in process of $4.94M in Q1 2026.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.