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Pacific Biosciences of California PACB Service — Contract with customer, liability

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Other financials

Income statement

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Revenue$37.2M+0.1%
Gross profit$12.8M+1,037%
Operating income-$8.4M+98.1%
Net income-$8.3M+98.1%
EPS (diluted)-$0.03+97.9%

Balance sheet

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Cash & equivalents$57.9M-4.7%
Total debt$59.3M+12.1%
Total equity$2.4M-97.4%
Total assets$782.4M-9.1%

Cash flow

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Operating cash flow-$44.7M-1.4%
CapEx$3.0M+119%
Free cash flow-$47.7M-5.0%

Valuation

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Market cap$496.96M+30.4%
Enterprise value$498.38M+33.5%
P/S3.1×+0.6×

Profitability

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Gross margin37.5%+21.3pp
Operating margin-83.3%-38.2pp
Net margin-80.3%-36.1pp
FCF margin-72.6%-20.0pp

Returns & leverage

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Return on equity-273.6%+314pp
Debt / equity25.1×+24.5×
Current ratio5.7×-1.0×

Where this comes from

Reported directly by Pacific Biosciences of California in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

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

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Questions, answered.

What is Pacific Biosciences of California's service — contract with customer, liability?
Pacific Biosciences of California (PACB) reported service — contract with customer, liability of $19.9M in Q1 2026.
How has Pacific Biosciences of California's service — contract with customer, liability changed year-over-year?
Pacific Biosciences of California's service — contract with customer, liability decreased by 5.7% year-over-year, from $21.1M to $19.9M.
What is the long-term trend for Pacific Biosciences of California's service — contract with customer, liability?
Over 2 years (2021 to 2025), Pacific Biosciences of California's service — contract with customer, liability has grown at a -9.1% compound annual growth rate (CAGR), from $99.2M to $82M.
What does service — contract with customer, liability mean?
This represents the total financial obligation arising from service agreements where the company has received consideration but has not yet satisfied the performance obligations. It reflects the balance of unearned service revenue that must be fulfilled through future maintenance, support, or technical assistance. Monitoring this liability helps assess the company's future service delivery commitments and potential for future revenue recognition.