Ginkgo Bioworks (NYSE:DNA) Q4 2025 Earnings call February 26, 2026 04:30 PM ET Company ParticipantsDaniel Marshall - Senior Manager of Communications and OwnershipJason Kelly - Co-Founder and CEOSteve Coen - CFODaniel MarshallGood evening. I'm Daniel Marshall, Senior Manager of Communications and Ownership. I'm joined by Jason Kelly, our co-founder and CEO, and Steve Coen, our CFO. Thanks as always for joining us. We're looking forward to updating you on our progress. As a reminder, during the presentation ...

Ginkgo Bioworks (NYSE:DNA) Q4 2025 Earnings call February 26, 2026 04:30 PM ET Company ParticipantsDaniel Marshall - Senior Manager of Communications and OwnershipJason Kelly - Co-Founder and CEOSteve Cohen - CFODaniel MarshallGood evening. I'm Daniel Marshall, Senior Manager of Communications and Ownership. I'm joined by Jason Kelly, our co-founder and CEO, and Steve Cohen, our CFO. Thanks as always for joining us. We're looking forward to updating you on our progress. As a reminder, during the presentatio ...

Ginkgo Bioworks (NYSE:DNA) Q4 2025 Earnings call February 26, 2026 04:30 PM ET Speaker0Good evening. I'm Daniel Marshall, Senior Manager of Communications and Ownership. I'm joined by Jason Kelly, our co-founder and CEO, and Steve Cohen, our CFO. Thanks as always for joining us. We're looking forward to updating you on our progress. As a reminder, during the presentation today, we will be making forward-looking statements which involve risks and uncertainties. Please refer to our filings with the SEC to lea ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________ FORM 10-K ______________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40097 _______________ ...

assets—5,796121,404Deferred income tax benefit(1,364)(936)(801)Loss on disposal of equipment—844842Non-cash lease expense30,08228,09528,313Non-cash in-process research and development—19,7969,182Accretion of discount on marketable securities(3,390)——Other non-cash activity2,0641,2243,194Changes in operating assets and liabilities:Accounts receivable ($357, $156 and $816 from related parties)(1,473)(4,725)50,068Prepaid expenses and other current assets(5,247)10,08510,473Operating lease right-of-use assets3,8 ...

Amazon ( AMZN ) actually ended a successful year with its Q4 2025 figures . However, the market reacted negatively, particularly in view of the CapEx forecast for FY 2026, triggering a sell-off. Following this reaction, the share price is now**My articles represent my opinion only and in no way constitute professional investment advice. It is the responsibility of the reader to conduct their due diligence and seek investment advice from a licensed professional before making any investment decisions.**Analys ...

Company Performance - Ginkgo Bioworks Holdings, Inc. (DNA) closed at $9.23, down 9.06% from the previous trading session, underperforming the S&P 500's daily loss of 0.33% [1] - Over the past month, the company's shares gained 6.17%, outperforming the Medical sector's loss of 1.02% and the S&P 500's unchanged performance [1] Earnings Projections - The upcoming earnings release is projected to show an earnings per share (EPS) of -$1.8, reflecting a 1.1% increase from the same quarter last year [2] - Revenue is anticipated to be $37 million, indicating a 15.62% decrease from the same quarter last year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict an EPS of -$5.94 and revenue of $173 million, representing changes of +42.66% and -23.8% from the previous year, respectively [3] - Recent changes to analyst estimates suggest a shifting landscape in near-term business trends, with positive alterations indicating analyst optimism [3] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988 [5] - Ginkgo Bioworks currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] - The Medical - Biomedical and Genetics industry, part of the Medical sector, holds a Zacks Industry Rank of 86, placing it in the top 36% of over 250 industries [6]

Core Insights - The report highlights the transition of AI Agents from tools to partners, marking a new era in digital economy [2][4] - The AI Agent market is projected to grow significantly, with an expected increase from $8.2 billion in 2023 to $14.1 billion by 2033, representing a growth rate of 68.18% [4] - The report emphasizes the importance of regional collaboration and ecosystem construction in accelerating AI industry transformation in China [11][12] Section Summaries 1. Focus of the Report: AI Agents Transitioning to Partners - The evolution of AI technology can be categorized into three stages, with AI Agents now entering a phase of explosive growth [4] - The AI Agent market is expected to grow from $12 billion in 2023 to $20.55 billion by 2033, indicating a compound annual growth rate (CAGR) of 5.5% [4] 2. China Dynamics: Accelerating AI Industry Transformation - Central government policies are increasingly focused on integrating AI into various sectors to promote high-quality development [11][12] - Local governments are implementing tailored policies to foster AI integration, leveraging regional strengths [12] - Significant capital inflows into leading AI companies reflect market confidence in technological advancements [12] 3. U.S. Dynamics: Intensifying Capital and Commercialization - Major AI companies are attracting substantial investments, with valuations and funding targets on the rise [13][14] - Strategic investments by tech giants are enhancing their integration with key AI firms, reinforcing their positions in the industry [13] - The competition in AI commercialization is heating up, with diverse revenue models being explored [14] 4. European Dynamics: Balancing Regulation and Industry Competitiveness - The UK is collaborating with tech giants to develop frameworks addressing new digital threats like deepfakes [16] - Regulatory bodies are investigating the misuse risks of generative AI applications, focusing on data protection and online safety [17] - The EU is initiating investigations to ensure fair competition in the AI sector, emphasizing interoperability and data access [17] 5. Other Countries: Strengthening AI Infrastructure - AI demand is driving a supercycle in the storage industry, with South Korean firms enhancing their market positions [18] - Storage chip prices are rising due to AI needs, leading to record performances for major manufacturers [18] - The global semiconductor landscape is shifting, with a focus on diversifying supply chains to meet AI demands [19]

Quantum Technology - The team from the University of Science and Technology of China achieved significant breakthroughs in scalable quantum networks, including the construction of a basic module for scalable quantum repeaters, which realized an entanglement lifetime of 550 milliseconds, surpassing the establishment time of 450 milliseconds, thus overcoming a core bottleneck in quantum network expansion [4][5] - The team also achieved device-independent quantum key distribution (DI-QKD) over a 100-kilometer fiber link, improving the distance by over 100 times compared to previous best experimental levels, marking a milestone in quantum communication and expanding China's international leading position in this field [4][5] Biomanufacturing - The Shenzhen Advanced Institute of Technology developed a programmable integration platform for functional molecules, enabling applications in biomanufacturing, biosensing, and flexible electronics. This platform combines metabolic sugar engineering with click chemistry, allowing for precise covalent integration of various functional molecules [6][7] - OpenAI partnered with Ginkgo Bioworks to create an AI-driven automated experimental system that reduced the production cost of cell-free protein synthesis (CFPS) by approximately 40% and reagent costs by 57% [8] Hydrogen Energy and Nuclear Fusion - The Zhongneng Construction's Songyuan Hydrogen Energy Industrial Park project has produced over 10,000 tons of green ammonia and received EU certification, validating the integrated commercial loop of green electricity, green hydrogen, and green ammonia [9][10] - Shenzhen University's team achieved important breakthroughs in the preparation of key materials and components for fusion reactors, mastering mature technology for the first wall of fusion reactors, which will support domestic fusion reactor construction and development [10] Brain-Computer Interface - Borui Kang initiated the listing guidance process, marking a shift from research investment to market expansion for brain-computer interface technology. The company’s NEO product has completed over 32 implant surgeries with no adverse reactions, demonstrating the safety and feasibility of its minimally invasive implantation method [12][14] - Research from the Chinese Academy of Sciences established a new optogenetic technology for visual brain-computer interfaces, allowing for high-precision, long-term optical stimulation of the visual cortex, representing a significant advancement in sensory information input technology [15][17] Embodied Intelligence - Microsoft Research released a new robot model, Rho-alpha, which integrates multimodal perception capabilities, including visual, language, and tactile data, aimed at enhancing the application of embodied intelligence in unstructured environments [19] 6G and Commercial Space - The Beijing University of Posts and Telecommunications made significant progress in 6G channel modeling, with their model being included in the international 6G standard system by 3GPP [20] - The FCC accepted SpaceX's application for an orbital data center, which aims to create a satellite constellation of up to 1 million satellites to support advanced AI models and applications, indicating rapid regulatory progress [22]

Group 1: Quantum Technology - The team from the University of Science and Technology of China achieved significant breakthroughs in scalable quantum networks, including the construction of a basic module for scalable quantum repeaters and the realization of device-independent quantum key distribution (DI-QKD) over a distance of 100 kilometers, improving previous international experimental levels by over two orders of magnitude [4][5]. - The successful implementation of a quantum repeater with an entanglement lifetime of 550 milliseconds, exceeding the entanglement establishment time of 450 milliseconds, marks a critical advancement in quantum communication, enabling the construction of a kilometer-scale quantum internet [5]. Group 2: Biomanufacturing - The Shenzhen Advanced Institute of Technology developed a programmable integration platform for functional molecules, which opens up new applications in biomanufacturing, biosensing, and flexible electronics [6][7]. - OpenAI partnered with Ginkgo Bioworks to create an AI-driven automated experimental system that significantly reduces the production costs of cell-free protein synthesis (CFPS) by approximately 40% and reagent costs by 57% [8]. Group 3: Hydrogen Energy and Nuclear Fusion - The China Energy Construction Group's Songyuan hydrogen energy industrial park project has produced over 10,000 tons of green ammonia and received EU certification, validating the integrated commercial model of "green electricity - green hydrogen - green ammonia" [9][10]. - Shenzhen Energy signed a contract for a 505MW wind-solar hydrogen project with a total investment of approximately 8 billion, covering both upstream and downstream sectors [12]. Group 4: Brain-Computer Interfaces - The company Borui Kang has initiated the process for its initial public offering (IPO), marking a transition of invasive brain-computer interface technology from research to commercialization [13][15]. - A research team from the Chinese Academy of Sciences developed a novel optogenetic technique for visual brain-computer interfaces, enabling high-precision, long-term optical stimulation of the visual cortex, representing a significant advancement in sensory information input [16][18]. Group 5: Embodied Intelligence - Microsoft Research introduced a new robot model, Rho-alpha, which integrates multimodal perception capabilities, including visual, language, and tactile data, aimed at enhancing the application of embodied intelligence in unstructured environments [21]. Group 6: 6G and Commercial Space - A research team from Beijing University of Posts and Telecommunications made significant progress in 6G channel modeling, with their work being included in the international 6G standard framework by 3GPP [22]. - The U.S. Federal Communications Commission (FCC) accepted SpaceX's application for an orbital data center, which aims to establish a satellite constellation of up to 1 million satellites to support advanced AI models and applications [25]. Group 7: Future Industry Catalysts - A table summarizing key catalytic events for six future industries in 2026 was provided, highlighting important milestones and conferences that investors should track [26][27].