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Pacific Biosciences of California share price today

Pacific Biosciences of California, Inc. · PACB · Healthcare · Medical Devices · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

Pacific Biosciences of California share price: $2.55 at the close on 4 November 2026, +44.9% in a year.

$2.55Price +44.9% in a year
$39.0 MRevenue (Jun 2026) −1.9% on a year ago
−$44.7 MProfit (Jun 2026), incl. one-off one-off item, see below
−114.4%Operating margin −1.6 points on a year ago
−10,215%ROE FY25
−14.4%ROIC against a 9.1% cost of capital: −23.5 points

Pacific Biosciences of California, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

The price has been between phases. Over the last four quarters, results have been deteriorating. What will decide it: the next one or two quarters of results.

What is the Pacific Biosciences of California share price today?

Pacific Biosciences of California, Inc.'s share price was $2.55 at the close on 4 November 2026. That is 58.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between $1 and $3, and at that close it sat 97% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 6 weeks in a row.

Nov 2026: $2.55, 58.4% above its 200-day average.

  • Price $2.55
  • 50-day avg $1.89
  • 200-day avg $1.61
Nov 2026: $2.55, 58.4% above its 200-day average.
WeekPrice50-day avg200-day avg
11 Jul 2025$1.47––
18 Jul 2025$1.37––
25 Jul 2025$1.54––
1 Aug 2025$1.33––
8 Aug 2025$1.35––
15 Aug 2025$1.31––
22 Aug 2025$1.38––
29 Aug 2025$1.31––
5 Sep 2025$1.27––
12 Sep 2025$1.17––
19 Sep 2025$1.27$1.35–
26 Sep 2025$1.21$1.33–
3 Oct 2025$1.49$1.31–
10 Oct 2025$1.42$1.31–
17 Oct 2025$1.64$1.34–
24 Oct 2025$2.02$1.41–
31 Oct 2025$2.34$1.49–
7 Nov 2025$1.76$1.55–
14 Nov 2025$1.61$1.59–
21 Nov 2025$2.22$1.65–
28 Nov 2025$2.32$1.75–
5 Dec 2025$2.39$1.86–
12 Dec 2025$2.12$1.96–
19 Dec 2025$1.84$2.00–
26 Dec 2025$1.77$2.02–
2 Jan 2026$1.84$2.02–
9 Jan 2026$1.94$2.02–
16 Jan 2026$2.21$2.03–
23 Jan 2026$2.58$2.09–
30 Jan 2026$2.26$2.16–
6 Feb 2026$1.82$2.16–
13 Feb 2026$1.71$2.10–
20 Feb 2026$1.61$2.04–
27 Feb 2026$1.68$1.98–
6 Mar 2026$1.38$1.94–
13 Mar 2026$1.33$1.90–
20 Mar 2026$1.33$1.83–
27 Mar 2026$1.26$1.76–
2 Apr 2026$1.34$1.68–
10 Apr 2026$1.34$1.57–
17 Apr 2026$1.69$1.51–
24 Apr 2026$1.56$1.50$1.68
1 May 2026$1.60$1.48$1.68
8 May 2026$1.41$1.48$1.68
15 May 2026$1.12$1.44$1.68
22 May 2026$1.22$1.43$1.67
29 May 2026$1.49$1.43$1.67
5 Jun 2026$1.45$1.45$1.68
12 Jun 2026$1.31$1.45$1.68
18 Jun 2026$1.40$1.45$1.68
26 Jun 2026$1.65$1.45$1.69
2 Jul 2026$1.68$1.45$1.70
10 Jul 2026$1.56$1.45$1.71
17 Jul 2026$1.44$1.44$1.71
24 Jul 2026$1.36$1.43$1.71
31 Jul 2026$1.40$1.45$1.71
7 Aug 2026$1.19$1.46$1.70
14 Aug 2026$1.15$1.42$1.68
21 Aug 2026$1.35$1.40$1.66
28 Aug 2026$1.40$1.41$1.65
4 Sep 2026$1.35$1.40$1.64
11 Sep 2026$1.30$1.37$1.62
18 Sep 2026$1.37$1.34$1.60
25 Sep 2026$1.62$1.34$1.58
2 Oct 2026$2.54$1.42$1.57
9 Oct 2026$2.33$1.54$1.59
16 Oct 2026$1.73$1.60$1.60
23 Oct 2026$2.11$1.69$1.60
30 Oct 2026$2.60$1.83$1.61
4 Nov 2026$2.55$1.89$1.61
Weekly closing price ($) with its 50-day and 200-day averages. 1-year window.

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?

Ahead in 27 of 57 weeks

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
11 Jul 2025no S&P 500 reading
18 Jul 2025no S&P 500 reading
25 Jul 2025no S&P 500 reading
1 Aug 2025no S&P 500 reading
8 Aug 2025no S&P 500 reading
15 Aug 2025no S&P 500 reading
22 Aug 2025no S&P 500 reading
29 Aug 2025no S&P 500 reading
5 Sep 2025no S&P 500 reading
12 Sep 2025no S&P 500 reading
19 Sep 2025no S&P 500 reading
26 Sep 2025no S&P 500 reading
3 Oct 2025no S&P 500 reading
10 Oct 2025−8.1%
17 Oct 2025+13.8%
24 Oct 2025+24.9%
31 Oct 2025+66.2%
7 Nov 2025+25.1%
14 Nov 2025+18.5%
21 Nov 2025+58.7%
28 Nov 2025+71.2%
5 Dec 2025+82.2%
12 Dec 2025+77.5%
19 Dec 2025+42.3%
26 Dec 2025+42.0%
2 Jan 2026+21.4%
9 Jan 2026+30.3%
16 Jan 2026+30.7%
23 Jan 2026+26.0%
30 Jan 2026−4.9%
6 Feb 2026+0.5%
13 Feb 2026+4.7%
20 Feb 2026−32.1%
27 Feb 2026−28.0%
6 Mar 2026−40.3%
13 Mar 2026−34.4%
20 Mar 2026−23.0%
27 Mar 2026−20.7%
2 Apr 2026−23.2%
10 Apr 2026−28.8%
17 Apr 2026−26.2%
24 Apr 2026−43.1%
1 May 2026−33.3%
8 May 2026−29.3%
15 May 2026−42.9%
22 May 2026−32.4%
29 May 2026−21.6%
5 Jun 2026−4.6%
12 Jun 2026−13.5%
18 Jun 2026−9.9%
26 Jun 2026+16.0%
2 Jul 2026+11.8%
10 Jul 2026+5.3%
17 Jul 2026−19.5%
24 Jul 2026−16.3%
31 Jul 2026−16.2%
7 Aug 2026−20.4%
14 Aug 2026−2.4%
21 Aug 2026+8.0%
28 Aug 2026−7.7%
4 Sep 2026−11.3%
11 Sep 2026−3.8%
18 Sep 2026−4.1%
25 Sep 2026−7.6%
2 Oct 2026+47.9%
9 Oct 2026+46.2%
16 Oct 2026+17.5%
23 Oct 2026+52.3%
30 Oct 2026+84.6%
4 Nov 2026+115.1%
Each bar is one week, from 2025 to now (57 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 1 year the share price moved +73% while the S&P 500 moved +23%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does Pacific Biosciences of California pay?

Pacific Biosciences of California, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Which stock lists is Pacific Biosciences of California on?

Pacific Biosciences of California is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is Pacific Biosciences of California profitable?

Pacific Biosciences of California, Inc. posted a net loss of $44.7 M in the Jun 2026 quarter. That quarter includes a one-off gain bigger than its revenue, so the comparison with last year does not reflect normal business. The full FY25 year was a loss of $546 M. That loss is 114.7% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier lost $41.9 M. 11 of the last 12 reported quarters were loss-making.

Read this profit with care: at −$44.7 M it is bigger than the quarter's whole revenue of $39.0 M. No business earns more than it takes in from sales, so this is a one-off item (for example a debt settlement, a tax write-back or an asset sale), not money the business earned. The underlying business is running at a −114.4% operating margin. The jump on last year, and any P/E built on this profit, come from the one-off, not from a real turn in earnings.

FY25 profit −$546 M

  • Net profit −$546 M
FY25 profit −$546 M
QuarterNet profit
FY21−$181 M
FY22−$314 M
FY23−$307 M
FY24−$310 M
FY25−$546 M
Net profit each year, $ M. 5-year window. A grey bar is lower than the year before.

Jun 2026: −$44.7 M

  • Net profit (quarterly) −$44.7 M
Jun 2026: −$44.7 M
QuarterNet profit (quarterly)
Sep 2023−$66.9 M
Dec 2023−$82.0 M
Mar 2024−$78.2 M
Jun 2024−$173 M
Sep 2024−$60.7 M
Dec 2024$2.4 M
Mar 2025−$426 M
Jun 2025−$41.9 M
Sep 2025−$38.0 M
Dec 2025−$40.4 M
Mar 2026−$8.3 M
Jun 2026−$44.7 M

Growth on a year earlier

  • Growth on a year earlier −1,802.7%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023–
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024–
Mar 2025–
Jun 2025–
Sep 2025–
Dec 2025−1,802.7%
Mar 2026–
Jun 2026–
Top: net profit each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

How much revenue does Pacific Biosciences of California make, and is it growing?

Pacific Biosciences of California, Inc. reported $39.0 M of revenue in the Jun 2026 quarter, −1.9% on the same quarter a year earlier. Over 4 years it has grown 5.2% a year on average. The last full year, FY25, came in at $160 M. The last four reported quarters add to $159 M.

Revenue is everything the company billed its customers in the period.

FY25 revenue was $160 M, +3.9% on the year before.

FY25 revenue $160 M (+3.9% on the year before), 5.2% a year over 4 years

  • Revenue $160 M
FY25 revenue $160 M (+3.9% on the year before), 5.2% a year over 4 years
QuarterRevenue
FY21$131 M
FY22$128 M
FY23$201 M
FY24$154 M
FY25$160 M

Growth on a year earlier

  • Growth on a year earlier 3.9%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22−1.7%
FY2356.3%
FY24−23.2%
FY253.9%
Top: revenue each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: $39.0 M (−1.9% on a year earlier)

  • Revenue (quarterly) $39.0 M
Jun 2026: $39.0 M (−1.9% on a year earlier)
QuarterRevenue (quarterly)
Sep 2023$55.7 M
Dec 2023$58.4 M
Mar 2024$38.8 M
Jun 2024$36.0 M
Sep 2024$40.0 M
Dec 2024$39.2 M
Mar 2025$37.2 M
Jun 2025$39.8 M
Sep 2025$38.4 M
Dec 2025$44.6 M
Mar 2026$37.2 M
Jun 2026$39.0 M

Growth on a year earlier

  • Growth on a year earlier −1.9%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 202372.4%
Dec 2023113.3%
Mar 2024−0.2%
Jun 2024−24.3%
Sep 2024−28.2%
Dec 2024−32.8%
Mar 2025−4.3%
Jun 202510.4%
Sep 2025−3.8%
Dec 202513.8%
Mar 20260.1%
Jun 2026−1.9%
Top: revenue each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +2.0% on average, against 5.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +2.0%, against −8.2% a year over the last 8 quarters (accelerating).

How much of every $100 of sales does Pacific Biosciences of California keep?

Pacific Biosciences of California, Inc.'s operating margin was −114.4% in the Jun 2026 quarter, 1.6 percentage points lower than the same quarter a year ago. Across 5 years it has been between −344.8% and −136.5%. The latest quarter is above every full year in that period.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.6 percentage points on the year while gross margin changed −4.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

FY25: −344.8%, within a range of −344.8% to −136.5% over 5 years

  • Operating margin −344.8%
FY25: −344.8%, within a range of −344.8% to −136.5% over 5 years
QuarterOperating margin
FY21−136.5%
FY22−237.6%
FY23−154.8%
FY24−188.7%
FY25−344.8%

Change on the year before (points)

  • Change on the year before (points) −156.1 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22−101.1 pts
FY23+82.8 pts
FY24−33.9 pts
FY25−156.1 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 5-year window.

Jun 2026: operating margin −114.4% (−1.6 points on a year earlier)

  • Operating margin −114.4%
Jun 2026: operating margin −114.4% (−1.6 points on a year earlier)
QuarterOperating margin
Sep 2023−132.5%
Dec 2023−148%
Mar 2024−209.8%
Jun 2024−229.5%
Sep 2024−157.4%
Dec 2024−227.9%
Mar 2025−197.4%
Jun 2025−112.8%
Sep 2025−100.9%
Dec 2025−134.5%
Mar 2026−102.9%
Jun 2026−114.4%

Change on a year earlier (points)

  • Change on a year earlier (points) −1.6 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023+85.2 pts
Dec 2023+140.0 pts
Mar 2024−6.7 pts
Jun 2024−79.8 pts
Sep 2024−24.9 pts
Dec 2024−79.9 pts
Mar 2025+12.4 pts
Jun 2025+116.7 pts
Sep 2025+56.5 pts
Dec 2025+93.4 pts
Mar 2026+94.5 pts
Jun 2026−1.6 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Pacific Biosciences of California's profit turning into cash?

Pacific Biosciences of California, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 its operations used $111 M of cash, against −$546 M of profit. After $2.7 M of spending on assets, free cash was −$114 M: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY25: operating cash −$111 M against profit −$546 M

  • Operating cash −$111 M
  • Net profit −$546 M
  • Free cash −$114 M
FY25: operating cash −$111 M against profit −$546 M
QuarterOperating cashNet profitFree cash
FY21−$111 M−$181 M−$117 M
FY22−$263 M−$314 M−$280 M
FY23−$259 M−$307 M−$268 M
FY24−$206 M−$310 M−$212 M
FY25−$111 M−$546 M−$114 M
Operating cash flow and net profit each year, $ M. The line is free cash flow: operating cash minus spending on assets. 5-year window, yearly figures.

Jun 2026: operating cash −$35.6 M

  • Operating cash (quarterly) −$35.6 M
Jun 2026: operating cash −$35.6 M
QuarterOperating cash (quarterly)
Sep 2023−$65.2 M
Dec 2023−$57.6 M
Mar 2024−$75.7 M
Jun 2024−$54.3 M
Sep 2024−$45.5 M
Dec 2024−$30.6 M
Mar 2025−$44.1 M
Jun 2025−$29.4 M
Sep 2025−$18.7 M
Dec 2025−$19.1 M
Mar 2026−$44.7 M
Jun 2026−$35.6 M

Operating cash as % of profit

  • Operating cash as % of profit −1,293%
Operating cash as % of profit
QuarterOperating cash as % of profit
Sep 2023–
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024−1,293%
Mar 2025–
Jun 2025–
Sep 2025–
Dec 2025–
Mar 2026–
Jun 2026–
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does Pacific Biosciences of California's cash go?

Pacific Biosciences of California, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $17.7 M on assets over the last 3 years. Averaged over those years that is 3.7% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $17.7 M over the last 3 years.

FY25: capex $2.7 M, down from the year before

  • Capex $2.7 M
FY25: capex $2.7 M, down from the year before
QuarterCapex
FY21$5.9 M
FY22$16.8 M
FY23$8.8 M
FY24$6.2 M
FY25$2.7 M
Capital spending each year, $ M.

Jun 2026: capex $1.6 M in the quarter

  • Capex (quarterly) $1.6 M
Jun 2026: capex $1.6 M in the quarter
QuarterCapex (quarterly)
Sep 2023$0.8 M
Dec 2023$2.0 M
Mar 2024$3.9 M
Jun 2024$1.5 M
Sep 2024$0.8 M
Dec 2024$1.6 M
Mar 2025$1.4 M
Jun 2025$0.6 M
Sep 2025$0.1 M
Dec 2025$0.9 M
Mar 2026$3.0 M
Jun 2026$1.6 M

Free cash

  • Free cash −$37.1 M
Free cash
QuarterFree cash
Sep 2023−$66.0 M
Dec 2023−$59.6 M
Mar 2024−$79.6 M
Jun 2024−$55.7 M
Sep 2024−$44.7 M
Dec 2024−$32.3 M
Mar 2025−$45.4 M
Jun 2025−$29.9 M
Sep 2025−$18.6 M
Dec 2025−$19.9 M
Mar 2026−$47.7 M
Jun 2026−$37.1 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it.

What is Pacific Biosciences of California's P/E ratio, and how does it compare with its own history?

Pacific Biosciences of California, Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Pacific Biosciences of California, Inc. at 5.0× its FY25 revenue of $160 M. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

—P/E · earnings negative
n/mPEG · cannot be worked out, because 3-year earnings growth is not available

Is the Pacific Biosciences of California business getting better or worse?

Pacific Biosciences of California, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +3.9% in FY25

  • Revenue growth 3.9%
Growth year by year: revenue +3.9% in FY25
QuarterRevenue growth
FY21–
FY22−1.7%
FY2356.3%
FY24−23.2%
FY253.9%
Growth on the year before, each year, %. Top: revenue. Zero line drawn.

Three growth lines over twelve quarters: revenue accelerating

  • Revenue 2%
Three growth lines over twelve quarters: revenue accelerating
QuarterRevenue
Sep 202323.8%
Dec 202356.3%
Mar 202449.5%
Jun 202429.2%
Sep 20242.1%
Dec 2024−23.2%
Mar 2025−24%
Jun 2025−17.3%
Sep 2025−10.7%
Dec 20253.9%
Mar 20265%
Jun 20262%

Profit

  • Profit −300%
Profit
QuarterProfit
Sep 2023–
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024–
Mar 2025–
Jun 2025–
Sep 2025–
Dec 2025−300%
Mar 2026–
Jun 2026–
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. Where the 12-month history is short, the line uses single-quarter growth instead, which is noisier; extreme jumps from a tiny base are evened out before reading. Extreme jumps from a tiny base are drawn at the edge (▲). A gap means there is no reading for that quarter.
RisingRevenue growth · latest +2.0%, range −24.0% to +56.3%

Why it matters: with too little history, we say so rather than guess a direction.

The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading.

The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+3.9%+7.6%——
Stock price+44.9%———
−1.9%Revenue growth (Jun 2026) · latest quarter against a year ago
5.2%Revenue, 4 years · yearly growth over the long run

How much does Pacific Biosciences of California earn on its capital?

Pacific Biosciences of California, Inc. earned a ROE of −10,215% in FY25. Its return on capital used (ROIC) is 23.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −341.5% net margin and 0.20× asset turnover (sales divided by assets).

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

Why the return is what it is (FY25): a −341.5% net margin × 0.20× asset turnover × 146.58× leverage (assets divided by equity) ≈ −10,011.4% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: −14.4% − 9.1% = −23.5 percentage points. The 9.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

FY25: ROE −10,215%, the full history

  • ROE −10,214.5%
  • Cost of capital 9.1%
FY25: ROE −10,215%, the full history
QuarterROECost of capital
FY21−22.9%9.1%
FY22−55.8%9.1%
FY23−43.7%9.1%
FY24−61.2%9.1%
FY25−10,214.5%9.1%
Return on equity each year, % (line). 5-year window, low years included. The flat line is the 9.1% cost of capital used on this page.

Jun 2026: ROIC −8.9% (last 12 months) against a 9.1% cost of capital

  • ROIC (12 months) −8.9%
  • ROE (12 months) −858.1%
  • Cost of capital 9.1%
Jun 2026: ROIC −8.9% (last 12 months) against a 9.1% cost of capital
QuarterROIC (12 months)ROE (12 months)Cost of capital
Sep 2023−9.4%−41.9%9.1%
Dec 2023−8.8%−38.1%9.1%
Mar 2024−8.9%−44.8%9.1%
Jun 2024−8.1%−46.3%9.1%
Sep 2024−8.6%−121.4%9.1%
Dec 2024−6.9%−51.4%9.1%
Mar 2025−9.3%2%9.1%
Jun 2025−11.8%−569.8%9.1%
Sep 2025−10%−219.1%9.1%
Dec 2025−8.7%−311.5%9.1%
Mar 2026−13.8%−779.4%9.1%
Jun 2026−8.9%−858.1%9.1%
ROIC and ROE over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Pacific Biosciences of California have too much debt?

Pacific Biosciences of California, Inc.'s net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from 1.21 in FY21 to 131.32 in FY25. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $702 M, 131.32× equity

  • Total debt $702 M
FY25: debt $702 M, 131.32× equity
QuarterTotal debt
FY21$955 M
FY22$948 M
FY23$934 M
FY24$672 M
FY25$702 M

Debt-to-equity

  • Debt-to-equity 131.3×
Debt-to-equity
QuarterDebt-to-equity
FY211.21×
FY221.68×
FY231.33×
FY241.33×
FY25131.3×
Top: total debt each year, $ M. Below: debt-to-equity, ×. 5-year window.

Jun 2026: debt $709 M, debt-to-equity −21.35

  • Total debt (quarterly) $709 M
Jun 2026: debt $709 M, debt-to-equity −21.35
QuarterTotal debt (quarterly)
Sep 2023$936 M
Dec 2023$934 M
Mar 2024$932 M
Jun 2024$925 M
Sep 2024$921 M
Dec 2024$672 M
Mar 2025$702 M
Jun 2025$702 M
Sep 2025$703 M
Dec 2025$702 M
Mar 2026$706 M
Jun 2026$709 M

Debt-to-equity

  • Debt-to-equity −21.4×
Debt-to-equity
QuarterDebt-to-equity
Sep 20231.23×
Dec 20231.33×
Mar 20241.44×
Jun 20241.88×
Sep 20242.03×
Dec 20241.33×
Mar 20257.66×
Jun 202511.4×
Sep 202519.5×
Dec 2025131.3×
Mar 2026298.6×
Jun 2026−21.4×
Top: total debt each quarter, $ M. Below: debt-to-equity, ×. Last 12 quarters.

What is the Pacific Biosciences of California shareholding pattern?

15.4% of Pacific Biosciences of California, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 2.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

15.4%Short interest · of the tradable float
2.6Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is Pacific Biosciences of California from balance-sheet trouble?

For Pacific Biosciences of California, Inc., the Z-score is −4.88. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of −4.88 is inside the danger zone, so the balance sheet is a real risk.

How does Pacific Biosciences of California rank in its industry?

There is no score against its industry: Pacific Biosciences of California, Inc. is not among the largest members shown in this industry comparison for Medical Devices.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

Which companies is Pacific Biosciences of California compared with?

No sector comparison is shown here, not among the largest members shown in this industry comparison.

Which companies are close to Pacific Biosciences of California in size?

Pacific Biosciences of California is the 48th largest of 75 Medical Devices companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Beta Bionics, Inc., OrthoPediatrics Corp. and InMode. Just below it: Varex Imaging Corporation, Cytek Biosciences, Inc. and Tactile Systems Technology, Inc.

Medical Devices companies close in size

  1. Beta Bionics, Inc. $922 million
  2. OrthoPediatrics Corp. $875 million
  3. InMode Ltd. $816 million
  4. Pacific Biosciences of California, Inc. $793 million
  5. Varex Imaging Corporation $780 million
  6. Cytek Biosciences, Inc. $764 million
  7. Tactile Systems Technology, Inc. $609 million

All 75 Medical Devices companies, largest first

Companies close in size in other industries

  1. Phoenix Education Partners, Inc. $794 million · Education & Training Services
  2. CTO Realty Growth, Inc. $793 million · REIT - Diversified
  3. Pacific Biosciences of California, Inc. $793 million
  4. Cannae Holdings, Inc. $792 million · Restaurants
  5. TaskUs, Inc. $791 million · Information Technology Services

What else do people ask about Pacific Biosciences of California?

What were Pacific Biosciences of California's latest quarterly results?

Pacific Biosciences of California, Inc. reported revenue of $39.0 M and a net loss of $44.7 M for the Jun 2026 quarter. Earnings per share were −$0.14. The operating margin was −114.4%, 1.6 percentage points lower than a year earlier (as of 4 November 2026).

What is Pacific Biosciences of California's market cap?

Pacific Biosciences of California, Inc.'s market capitalisation is $793 M at a stock price of $2.55. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is Pacific Biosciences of California performing?

Pacific Biosciences of California, Inc.'s latest readings are below. Over the past 13 weeks it has done better than the S&P 500, for 6 weeks running. This describes what the data did, not a rating (as of 4 November 2026).

Will Pacific Biosciences of California's stock price go up?

This page does not forecast Pacific Biosciences of California, Inc.'s stock price. What it shows instead: the stock price is $2.55. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).

Does Pacific Biosciences of California have too much debt?

Yes, Pacific Biosciences of California, Inc. has a lot of debt: its debt is 298.56× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading.

Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026).

Where is Pacific Biosciences of California in its business cycle?

Pacific Biosciences of California, Inc.'s FY25 operating margin was −344.8%, against a 5-year range of −344.8% to −136.5%: the low end of its own range, which is often where recoveries start. The latest quarter was −114.4%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the Pacific Biosciences of California story?

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is Pacific Biosciences of California a stock worth studying right now?

What the numbers show: Pacific Biosciences of California, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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