Company Analysis

MaxCyte, Inc. (MXCT)

Nasdaq: MXCT · Services-Commercial Physical & Biological Research · Rockville, MD · filing with the SEC since 2004
Grade4.2
◀ Past 4.0● Present 4.7▶ Future 4.0
1 est.

The grade of MaxCyte, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.2/10
◀ Past4.025% of the headline
● Present4.735% of the headline
▶ Future4.040% 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?

4.0/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.3/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2026-06-16.

weight 22% of this tense · 33rd percentile among 12 sector filers · read for itself

From the record

MaxCyte, Inc.'s filings since 2017 show 2 warning events: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2026-06-16) (its current reports).

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

Track record

as filed
3.9/10

What has it actually done, year after year?

+7.3% a year over 7 filed years; profitable in 0 of 7.

weight 45% of this tense · 39th percentile among 12 sector filers · read for its customers

From the record

MaxCyte, Inc.'s 7 filed years say what it did: revenue went from $22 million in fiscal 2019 to $33 million in fiscal 2025, up 7.3% a year; it rose in 3 of 6 years; the deepest fall was 25% 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 span7.3%bottom 46% of its family
  • the share of years revenue rosebottom 38% of its family
  • the share of filed years with a profitbottom 25% of its family
  • the deepest fall from a revenue peak25.4%bottom 46% of its family

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

Shareholder treatment

SI estimate
4.6/10

How has it treated the people who own it?

SI estimate 4.6/10, confidence 35 of 100 (one part).

weight 33% of this tense · 46th percentile among 12 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 bottom 46% of 12 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 12 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: MaxCyte, Inc.'s shareholder treatment is put at 4.6 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 bottom 46% of 12 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?

4.7/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
5.5/10

Is it financially healthy right now?

ROE -26%: lost 26¢ per shareholder dollar. Leverage 15%: owes 15¢ per asset dollar.

weight 45% of this tense · 55th percentile among 12 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, MaxCyte, Inc. lost about 26 cents for every dollar of shareholders' money, and gross profitability: its products earned about 13 cents per dollar of everything the company owns. Leverage: it owed about 15 cents per dollar of assets, and net share issuance: its share count grew 1.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 21% of its family
  • return on equitybottom 32% of its family
  • gross profit against assetstop 37% of its family
  • the share count against the year beforebottom 46% of its family

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

Industry position

as filed
4.0/10

How strong is its position in its industry?

bottom 40% of 12 in its family; net margin -135.1%.

weight 22% of this tense · 40th percentile among 12 sector filers · read for its customers

From the record

MaxCyte, Inc.'s standing among 12 graded names in its industry family: revenue of $33 million in fiscal 2025 ranks in the bottom 46% by size; a net margin of -135.1% ranks in the bottom 46%; revenue growth of -9.3% a year over the last 3 filed years ranks in the bottom 29% (its annual reports).

What it rests on

  • revenue against the family$33.0Mbottom 46% of its family
  • net margin-135.1%bottom 46% of its family
  • three-year revenue growth-9.3%bottom 29% of its family

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

Leadership

as filed
4.0/10

What are the people in charge doing?

bottom 41% of 8 in its family for leadership; chief executive since 2024.

weight 33% of this tense · 41st percentile among 8 sector filers · read for its shareholders

From the record

MaxCyte, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Masoud, Maher (President and CEO, as filed), filing under that title since 2024-01-04, 2.9 years (top 50% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 5.3 years (bottom 44%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 28%; 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 charge8 in three years among 11 peoplebottom 28% of its family
  • the median years the people in charge have filed5.3 yearsbottom 44% of its family
  • the chief executive's years on the record2.9 yearstop 50% 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?

4.0/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.1/10

How much room does it have to grow?

top 49% of 12 in its family for room to expand.

weight 33% of this tense · 51st percentile among 12 sector filers · read for itself

From the record

MaxCyte, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $20 million against no long-term debt tagged leaves 9.9% of its assets as net cash, top 46% of its family; cash from operations less capital spending is -109.5% of revenue (bottom 46%); a gross margin of 81.2% (top 37%); research spending of 63.1% of revenue (bottom 42%) (its annual report).

What it rests on

  • cash less debt against assets9.9%top 46% of its family
  • cash from operations less capital spending against revenue-109.5%bottom 46% of its family
  • gross margin81.2%top 37% of its family
  • research spending against revenue63.1%bottom 42% of its family

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

Growth drivers

as filed
3.6/10

What could actually drive growth from here?

bottom 36% of 12 in its family for growth drivers.

weight 45% of this tense · 36th percentile among 12 sector filers · read for its customers

From the record

MaxCyte, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -9.3% a year over the last three filed years against 7.3% over all 7, slowing (bottom 21% of its family); the newest year grew -14.5% (bottom 38%); research spending grew 2.2% a year (top 44%); capital spending grew -54.3% a year (bottom 29%) (its annual reports). MaxCyte, Inc. reported 3 product lines in fiscal 2025: Product at $19 million (57%), License at $12 million (38%), Assay and Other Service Revenue at $2 million (6%); 0 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-16.6 points a yearbottom 21% of its family
  • the newest year's revenue growth-14.5%bottom 38% of its family
  • three-year growth of research spending2.2%top 44% of its family
  • three-year growth of capital spending-54.3%bottom 29% 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
3.2/10

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

bottom 32% of 11 in its family for expectations against reality.

weight 22% of this tense · 32nd percentile among 11 sector filers · read for its shareholders

From the record

MaxCyte, Inc.'s newest year against its own record: revenue of $33 million in fiscal 2025 came in 8.5% below the $36 million its prior three years' pace pointed to (bottom 23% of its family); net income of $45 million against a prior three-year average of $34 million (top 50%); a net margin of a loss larger than its revenue against -83.8% before (bottom 23%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-8.5%bottom 23% of its family
  • net income against the prior three years' average-31%top 50% of its family
  • net margin against its prior average-51.3 pointsbottom 23% 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 MXCT · research, not advice