Company Analysis

Ginkgo Bioworks Holdings, Inc. (DNA)

NYSE: DNA · Biological Products, (No Diagnostic Substances) · Boston, MA · filing with the SEC since 2020
Grade4.5
◀ Past 4.1● Present 5.1▶ Future 4.2
1 est.

The grade of Ginkgo Bioworks Holdings, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.5/10
◀ Past4.130% of the headline
● Present5.140% of the headline
▶ Future4.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.1/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
1.2/10

Has it survived what it has been through?

7 warning events since 2020; the latest 2024-09-04.

weight 33% of this tense · 12th percentile among 159 sector filers · read for itself

From the record

Ginkgo Bioworks Holdings, Inc.'s filings since 2020 show 7 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2024-09-04); an auditor change (8-K item 4.01, 2 times, the latest 2024-03-14); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2023-03-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.8/10

What has it actually done, year after year?

+21% a year over 7 filed years; profitable in 0 of 7.

weight 45% of this tense · 48th percentile among 102 sector filers · read for its customers

From the record

Ginkgo Bioworks Holdings, Inc.'s 7 filed years say what it did: revenue went from $54 million in fiscal 2019 to $170 million in fiscal 2025, up 21% a year; it rose in 3 of 6 years; the deepest fall was 64% from fiscal 2022 to fiscal 2025; net income was positive in 0 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span21.0%top 39% of its family
  • the share of years revenue rosebottom 42% of its family
  • the share of filed years with a profitbottom 31% of its family
  • the deepest fall from a revenue peak64.4%top 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
7.0/10

How has it treated the people who own it?

SI estimate 7.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 70th percentile among 146 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 30% of 146 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 146 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Ginkgo Bioworks Holdings, Inc.'s shareholder treatment is put at 7.0 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 30% of 146 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.1/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.2/10

Is it financially healthy right now?

ROE -61%: lost 61¢ per shareholder dollar. Leverage 55%: owes 55¢ per asset dollar.

weight 45% of this tense · 52nd percentile among 147 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Ginkgo Bioworks Holdings, Inc. lost about 61 cents for every dollar of shareholders' money. Leverage: it owed about 55 cents per dollar of assets, and net share issuance: its share count grew 6.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 38% of its family
  • return on equitybottom 46% of its family
  • the share count against the year beforetop 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.1/10

How strong is its position in its industry?

top 49% of 102 in its family; net margin -183.8%.

weight 33% of this tense · 51st percentile among 102 sector filers · read for its customers

From the record

Ginkgo Bioworks Holdings, Inc.'s standing among 102 graded names in its industry family: revenue of $170 million in fiscal 2025 ranks in the top 22% by size; a net margin of -183.8% ranks in the top 44%; revenue growth of -29.1% a year over the last 3 filed years ranks in the bottom 20% (its annual reports).

What it rests on

  • revenue against the family$170Mtop 22% of its family
  • net margin-183.8%top 44% of its family
  • three-year revenue growth-29.1%bottom 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.0/10

What are the people in charge doing?

bottom 50% of 110 in its family for leadership.

weight 22% of this tense · 50th percentile among 110 sector filers · read for its shareholders

From the record

Ginkgo Bioworks Holdings, Inc.'s leadership, from its insiders' filings and its current reports: no one files under a chief executive's title, so that part is not read; the 7 officers and directors filing in the last fifteen months have been on the record a median of 5.1 years (bottom 42%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (top 43%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 7 peopletop 43% of its family
  • the median years the people in charge have filed5.1 yearsbottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.8/10

How much room does it have to grow?

bottom 48% of 92 in its family for room to expand.

weight 45% of this tense · 48th percentile among 92 sector filers · read for itself

From the record

Ginkgo Bioworks Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $212 million against no long-term debt tagged leaves 19% of its assets as net cash, bottom 37% of its family; cash from operations less capital spending is -105% of revenue (top 39%); research spending of 143.3% of revenue (bottom 47%) (its annual report).

What it rests on

  • cash less debt against assets19.0%bottom 37% of its family
  • cash from operations less capital spending against revenue-105.0%top 39% of its family
  • research spending against revenue143.3%bottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
1.9/10

What could actually drive growth from here?

bottom 18% of 100 in its family for growth drivers.

weight 33% of this tense · 18th percentile among 100 sector filers · read for its customers

From the record

Ginkgo Bioworks Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -29.1% a year over the last three filed years against 21% over all 7, slowing (bottom 18% of its family); the newest year grew -25.1% (bottom 19%); research spending grew -38.6% a year (bottom 4%); capital spending grew -47.3% a year (bottom 32%) (its annual reports). Ginkgo Bioworks Holdings, Inc. reported 2 product lines in fiscal 2025: Cell Engineering Revenue at $133 million (78%), Service at $37 million (22%); 0 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-50.1 points a yearbottom 18% of its family
  • the newest year's revenue growth-25.1%bottom 19% of its family
  • three-year growth of research spending-38.6%bottom 4% of its family
  • three-year growth of capital spending-47.3%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.5/10

Did its newest year beat what its own record pointed to?

top 35% of 72 in its family for expectations against reality.

weight 22% of this tense · 65th percentile among 72 sector filers · read for its shareholders

From the record

Ginkgo Bioworks Holdings, Inc.'s newest year against its own record: revenue of $170 million in fiscal 2025 came in 8.7% above the $157 million its prior three years' pace pointed to (top 44% of its family); net income of $313 million against a prior three-year average of $1.2 billion (top 21%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 38%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace8.7%top 44% of its family
  • net income against the prior three years' average+74%top 21% of its family
  • net margin against its prior averageup more than 100 pointstop 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton DNA · research, not advice