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Ginkgo Bioworks DNA Government and defense — Concentration risk

Other product segments

Agriculture
20%-13.0%
Pharmaceutical and biotechnology
20%
Food and nutrition
7%+16.7%
Consumer and technology
6%+200%
Industrial and environment
2%-50.0%

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Other financials

Income statement

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Revenue$20.2M-48.5%
Gross profit$18.4M-45.4%
Operating income-$58.5M-0.7%
Net income-$46.7M+22.5%
EPS (diluted)-$1.42+27.6%

Balance sheet

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Cash & equivalents$172.0M-31.6%
Total debt$404.1M-5.8%
Total equity$420.3M-31.4%
Total assets$990.0M-19.6%

Cash flow

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Operating cash flow-$44.3M-10.0%
CapEx$2.6M+6,792%
Free cash flow-$46.9M-16.4%

Valuation

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Market cap$520.64M-26.0%
Enterprise value$752.73M-14.6%
P/S4.7×+1.3×

Profitability

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Gross margin91.8%
Operating margin-259.9%+1,304pp
Net margin-260%+718pp
FCF margin-156.3%+38.7pp

Returns & leverage

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Return on equity-56.3%+23.1pp
Debt / equity+0.3×
Current ratio4.6×-0.8×

Where this comes from

Reported directly by Ginkgo Bioworks in its filing.

Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.

The source filing: Ginkgo Bioworks’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:09 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054298
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Government and defense45%21%41%19%
Pharmaceutical and biotechnology20442938
Agriculture20231632
Food and nutrition7675
Consumer and technology6231
Industrial and environment2445
Total revenue100%100%100%100%

Item 1. Financial Statements (Unaudited)

FAQ

What is Ginkgo Bioworks's government and defense — concentration risk?
Ginkgo Bioworks (DNA) reported government and defense — concentration risk of 45% in Q2 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 114.3% year-over-year, from 21% to 45%.
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.

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