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MaxCyte

MXCT

MaxCyte is a commercial cell engineering company that provides proprietary Flow Electroporation technology to enable the discovery, development, and commercialization of next-generation cell-based therapeutics.

Market cap
$137.12M-43.4%
Revenue$32.3M-14.3%
Net income-$39.1M+6.4%
Free cash flow-$29.4M+10.9%
EPS (diluted)-$0.37+7.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 12, 2026 (in a month)
Revenue estimate$6.6M
EPS estimate-$0.12

Financials

Q1 2026

Income statement

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Revenue$9.7M-7.1%
Gross profit$8.1M-9.1%
Operating income-$6.2M+49.7%
Net income-$4.8M+53.7%
EPS (diluted)-$0.04+60.0%

Balance sheet

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Cash & equivalents$14.6M-37.8%
Total debt$17.5M-7.1%
Total equity$167.9M-15.8%
Total assets$194.5M-15.4%

Cash flow

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Operating cash flow-$8.2M+43.3%
CapEx$72.0K-89.0%
Free cash flow-$8.2M+45.3%

Valuation & ratios

Valuation

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Market cap$137.12M-43.4%
Enterprise value$140.05M-40.1%
P/S4.3×-2.2×

Profitability

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Gross margin80.5%-0.4pp
Operating margin-141.8%+6.4pp
Net margin-121.2%+12.3pp
FCF margin-90.9%+3.7pp

Returns & leverage

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Return on equity-21.3%+2.0pp
Debt / equity0.1×0.0×
Current ratio12×-0.2×

Segments

By product

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License$5.5M+18.2%
Assay And Other Service Revenue$482.0K+21.4%

By segment

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Cell Engineering Technology$9.7M-7.1%

Competitors

Profile

MaxCyte is a commercial cell engineering company that provides proprietary Flow Electroporation technology to enable the discovery, development, and commercialization of next-generation cell-based therapeutics. The company's ExPERT platform serves as a non-viral delivery backbone for gene editing and cell therapy, allowing for the precise introduction of molecules into cells at scales ranging from research to clinical manufacturing. By offering a scalable, high-efficiency transfection solution, the company helps biopharmaceutical partners accelerate the development of complex treatments for cancers, autoimmune diseases, and genetic disorders.

Competitive position

A leading provider of non-viral cell engineering technology with a clinically validated platform supported by an FDA Master File referenced in over 75 clinical trials.

GeographiesNorth America, United Kingdom, Europe, Asia-Pacific
Customer segmentsBiopharmaceutical developers, Academic and translational research centers, cGMP manufacturing facilities
Business modelInstrument sales, Recurring consumables, Technology licensing, Milestone and royalty-based licensing (SPL), Professional services
SuppliersCustom parts manufacturers, Electronics suppliers, Medical-grade plastic and gasket suppliers, Third-party clean-room assembly services
CustomersCell and gene therapy developers, Contract Development and Manufacturing Organizations (CDMOs), Clinical research organizations, Large-scale bioprocessing facilities
Listed2019
Employees143.0
CEOMaher Masoud
FilingsSEC EDGAR

Questions, answered.

What is MaxCyte's market cap?
MaxCyte (MXCT) has a market capitalization of $137.1M and trades on NASDAQ.
What is MaxCyte's revenue and profitability?
MaxCyte generated $32.3M in trailing twelve-month revenue with a net loss of $39.1M, representing a net margin of -121.2%. Gross margin stands at 80.5%, with free cash flow of -$29.4M. These figures are based on the Q1 2026 filing.
Who are MaxCyte's competitors?
MaxCyte's key competitors include Harvard Biosciences Inc., Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., and others. These companies compete in similar markets and product categories.
Who does MaxCyte partner with?
MaxCyte's notable partners include Imugene Limited, TG Therapeutics, Inc., National Institutes of Health, and others.
What subsidiaries does MaxCyte have?
MaxCyte's subsidiaries include SeQure Dx.
Where is MaxCyte headquartered?
MaxCyte is headquartered in United States of America and employs approximately 143 people. It has been publicly traded since 2019.