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Ginkgo Bioworks DNA Government and defense — Concentration risk

Other product segments

Pharmaceutical and biotechnology
38%
Agriculture
13%-68.3%
Food and nutrition
7%+75.0%
Industrial and environment
7%0.0%
Consumer and technology
0%-100%

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Other financials

Income statement

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Revenue$19.5M-49.1%
Gross profit$16.4M-52.0%
Operating income-$71.4M+11.9%
Net income-$82.6M+9.2%
EPS (diluted)-$1.42+27.6%

Balance sheet

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Cash & equivalents$188.7M-46.9%
Total debt$410.7M-5.5%
Total equity$443.2M-31.6%
Total assets$1.0B-20.1%

Cash flow

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Operating cash flow-$46.7M+9.4%
CapEx$1.9M-74.6%
Free cash flow-$48.6M+17.8%

Valuation

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Market cap$625.16M+24.6%
Enterprise value$847.19M+45.9%
P/S4.4×+2.2×

Profitability

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Operating margin-210.7%+7.6pp
Net margin-215.4%+8.3pp
FCF margin-119%-21.2pp

Returns & leverage

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Return on equity-55.8%-1.8pp
Debt / equity0.9×+0.3×
Current ratio5.2×+0.3×

Where this comes from

Reported directly by Ginkgo Bioworks in its filing.

Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.

The official record: Ginkgo Bioworks’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ginkgo Bioworks's government and defense — concentration risk?
Ginkgo Bioworks (DNA) reported government and defense — concentration risk of 35% in Q1 2026.
How has Ginkgo Bioworks's government and defense — concentration risk changed year-over-year?
Ginkgo Bioworks's government and defense — concentration risk increased by 118.7% year-over-year, from 16% to 35%.
What is the long-term trend for Ginkgo Bioworks's government and defense — concentration risk?
Over 2 years (2021 to 2025), Ginkgo Bioworks's government and defense — concentration risk has grown at a 209.4% compound annual growth rate (CAGR), from 7% to 67%.
What does government and defense — concentration risk mean?
This metric measures the proportion of total segment revenue derived from government and defense contracts, highlighting the company's reliance on public sector funding. A high concentration indicates significant exposure to legislative budget cycles, policy shifts, and geopolitical priorities. Monitoring this ratio helps investors assess the stability and predictability of cash flows within the specific business unit.