PSNL
Personalis, Inc.7.98
-0.50-5.9%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Unreimbursed volumes dominate; reps doubling.
Q&A unpacked the 2026 Clinical volume guide, revealing less than half of 43,000-45,000 tests from reimbursed breast/lung (20% breast, 15-20% lung), with 20-25% IO, 20% CRC, and 20% other—management's running many zero-reimbursement tests to build physician stickiness. They're doubling sales reps to 20 and accelerating via Tempus to grab ultrasensitive MRD share amid light competition. Biopharma MRD stays stable sans pushouts, with real-time variant tracker exciting early adopters. Analysts probed guidance conservatism and rivals; team countered with cash-fueled confidence. They're chasing CRC/neoadjuvant breast coverage next. Q&A largely reaffirms the script but spotlights volume risks. Margins will trough Q1.
Key Stats
Market Cap
708.66MP/E (TTM)
-Basic EPS (TTM)
-0.83Dividend Yield
0%Recent Filings
8-K
8-K
Clinical volume surges 400%
Personalis reported Q4 and full-year 2025 results on February 26, 2026, with clinical test volume exploding nearly 400% to 16,233 tests and revenue at $69.6 million. Medicare coverage for breast and lung cancer surveillance unlocked key growth drivers. Cash swelled to $240 million via ATM sales. Clinical revenue to 5x in 2026. Momentum builds.
10-K
FY2025 results
Personalis posted FY2025 net loss of $81.3M on revenue of $69.6M, down 18% y/y as Enterprise sales to Natera cratered 77% to $5.9M post-volume commitments while Population sequencing from VA MVP surged 58% to $11.8M; Clinical diagnostics doubled to $2.0M with test volume exploding nearly 400% to 16,233 amid Medicare nods for breast cancer (Nov 2025, eff. Oct 7) and NSCLC (Feb 2026, eff. Jan 9). Q4 momentum shone via TRACERx NSCLC data in Cell and VHIO ctDNA validation, fueling clinical acceleration despite biopharma lumpiness from Moderna's Phase 3 wrap. Cash swelled to $240M buoyed by $109M ATM proceeds. Customer concentration lingers.
8-K
Preliminary results surge
Personalis released preliminary Q4 and full-year 2025 results, posting clinical test volume of 16,233 tests—a nearly 400% surge over 2024—fueled by surging demand for its ultrasensitive MRD tech. Revenue hit $69-70 million while cash swelled to $240 million via ATM sales. Medicare coverage locked in for breast cancer surveillance. Volumes exploded.
8-K
Filed $100M ATM supplement
IPO
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