PACB Chart
About

Pacific Biosciences of California, Inc. designs, develops, and manufactures sequencing solution to resolve genetically complex problems. The company provides sequencing systems; consumable products, including single molecule real-time (SMRT) technology; long-read sequencing; and various reagent kits designed for specific workflow, such as preparation kit to convert DNA into SMRTbell double-stranded DNA library formats, including molecular biology reagents, such as ligase, buffers, and exonucleases. It also offers binding kits, such as modified DNA polymerase used to bind SMRTbell libraries to the polymerase in preparation for sequencing; and sequencing kits comprise reagents required for on-instrument, real-time sequencing, including the phospholinked nucleotides. In addition, the company provides Revio, Vega, Sequel, Sequel II, and Sequel IIe instruments which conduct, monitor, and analyze single-molecule biochemical reactions in real time; SBB short-read sequencing; onso instrument conducts, monitors, and analyzes SBB biochemical reactions; and SBB consumable, including flow cells, clustering, and sequencing reagent kits. It serves academic and governmental research institutions; commercial testing and service laboratories; genome centers; public health labs, hospitals and clinical research institutes, and contract research organizations; pharmaceutical companies; and agricultural companies. The company markets its products through a sales force and distribution partners in Australia, certain parts of Asia, Europe, the Middle East, Africa, Central America, and South America. The company has a collaboration with DNAstack Inc. to provide federated dataset of HiFi whole genome sequencing data. The company was formerly known as Nanofluidics, Inc. and changed its name to Pacific Biosciences of California, Inc. in 2005. Pacific Biosciences of California, Inc. was incorporated in 2000 and is headquartered in Menlo Park, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Medical Devices Market Cap 502.68M
Enterprise Value 924.08M Income -546.38M Sales 160.00M
Book/sh 0.02 Cash/sh 0.93 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E -4.07 PEG —
P/S 3.14 P/B 92.50 P/C —
EV/EBITDA -17.55 EV/Sales 5.78 Quick Ratio 5.79
Current Ratio 6.92 Debt/Eq 13131.84 LT Debt/Eq —
EPS (ttm) -1.82 EPS next Y -0.41 EPS Growth —
Revenue Growth 13.80% Earnings 2026-05-07 ROA -34.09%
ROE -213.45% ROIC — Gross Margin 34.28%
Oper. Margin -89.85% Profit Margin 0.00% Shs Outstand 301.91M
Shs Float 296.16M Short Float 13.40% Short Ratio 4.21
Short Interest — 52W High 2.73 52W Low 0.85
Beta 2.28 Avg Volume 7.77M Volume 2.58M
Target Price $2.50 Recom Buy Prev Close $1.66
Price $1.67 Change 0.30%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$2.50
Mean price target
2. Current target
$1.67
Latest analyst target
3. DCF / Fair value
$2.50
Proxy: analyst mean price target (no FCF/EPS data available).
Ratings
Current target
$1.67
Low
$1.50
High
$3.00
Mean
$2.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-15 main Barclays Equal-Weight → Equal-Weight $2
2025-11-11 main Piper Sandler Neutral → Neutral $2
2025-11-10 main Stephens & Co. Overweight → Overweight $2
2025-08-11 main Piper Sandler Neutral → Neutral $2
2025-06-25 main Barclays Equal-Weight → Equal-Weight $2
2025-05-15 main Piper Sandler Neutral → Neutral $1
2025-05-15 reit Stephens & Co. Overweight → Overweight $2
2025-04-10 main Canaccord Genuity Buy → Buy $3
2025-03-25 main Scotiabank Sector Outperform → Sector Outperform $2
2025-02-20 reit Piper Sandler Neutral → Neutral $2
2025-02-18 main Goldman Sachs Neutral → Neutral $2
2025-02-18 reit Stephens & Co. Overweight → Overweight $3
2025-02-14 reit Stephens & Co. Overweight → Overweight $3
2025-01-23 main Goldman Sachs Neutral → Neutral $2
2024-11-11 down UBS Buy → Neutral $2
2024-11-11 main Scotiabank Sector Outperform → Sector Outperform $6
2024-11-11 main Piper Sandler Neutral → Neutral $3
2024-08-28 main Scotiabank Sector Outperform → Sector Outperform $7
2024-08-13 main Stephens & Co. Overweight → Overweight $3
2024-08-12 main Morgan Stanley Equal-Weight → Equal-Weight $2
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 184897 294318 — Sale at price 1.58 - 1.63 per share. VAN OENE MARK D Chief Operating Officer — 2026-02-18 00:00:00 D
1 50167 79856 — Sale at price 1.58 - 1.63 per share. FARMER MICHELE CPA Officer — 2026-02-18 00:00:00 D
2 472667 752390 — Sale at price 1.58 - 1.63 per share. HENRY CHRISTIAN O Chief Executive Officer — 2026-02-18 00:00:00 D
3 26836 35182 — Sale at price 1.31 per share. VAN OENE MARK D Chief Operating Officer — 2025-08-18 00:00:00 D
4 5195 5200 — Sale at price 1.00 per share. FARMER MICHELE CPA Officer — 2025-05-19 00:00:00 D
5 1000000 — — Stock Award(Grant) at price 0.00 per share. GIBSON JAMES R II Chief Financial Officer — 2025-03-31 00:00:00 D
6 920810 — — Stock Award(Grant) at price 0.00 per share. HENRY CHRISTIAN O Chief Executive Officer — 2025-03-19 00:00:00 D
7 449176 — — Stock Award(Grant) at price 0.00 per share. VAN OENE MARK D Chief Operating Officer — 2025-03-19 00:00:00 D
8 89835 — — Stock Award(Grant) at price 0.00 per share. FARMER MICHELE CPA Officer — 2025-03-19 00:00:00 D
9 6486 9126 — Sale at price 1.41 per share. VAN OENE MARK D Officer — 2025-03-03 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-6.14M-940.86K-2.38K-28.65M
TaxRateForCalcs0.210.040.000.34
NormalizedEBITDA-213.53M-251.15M-279.86M-166.49M
TotalUnusualItems-29.24M-26.14M-2.38M-84.27M
TotalUnusualItemsExcludingGoodwill-29.24M-26.14M-2.38M-84.27M
NetIncomeFromContinuingOperationNetMinorityInterest-309.85M-306.74M-314.25M-181.22M
ReconciledDepreciation53.35M26.53M17.32M11.59M
ReconciledCostOfRevenue81.39M127.36M61.95M60.07M
EBITDA-242.77M-277.28M-282.24M-250.76M
EBIT-296.12M-303.82M-299.56M-262.34M
NetInterestIncome-13.41M-14.34M-14.69M-12.53M
InterestExpense13.41M14.34M14.69M12.53M
NormalizedIncome-286.75M-281.54M-311.87M-125.60M
NetIncomeFromContinuingAndDiscontinuedOperation-309.85M-306.74M-314.25M-181.22M
TotalExpenses444.68M510.89M433.12M308.68M
TotalOperatingIncomeAsReported-474.31M-334.47M-307.20M-210.44M
DilutedAverageShares288.37M253.63M224.55M204.14M
BasicAverageShares274.49M253.63M224.55M204.14M
DilutedEPS-1.58-1.21-1.40-0.89
BasicEPS-1.12-1.21-1.40-0.89
DilutedNIAvailtoComStockholders-309.85M-306.74M-314.25M-181.22M
NetIncomeCommonStockholders-309.85M-306.74M-314.25M-181.22M
NetIncome-309.85M-306.74M-314.25M-181.22M
NetIncomeIncludingNoncontrollingInterests-309.85M-306.74M-314.25M-181.22M
NetIncomeContinuousOperations-309.85M-306.74M-314.25M-181.22M
TaxProvision316.00K-11.42M0.00-93.65M
PretaxIncome-309.54M-318.16M-314.25M-274.87M
OtherIncomeExpense-5.46M6.55M5.26M-84.18M
OtherNonOperatingIncomeExpenses23.78M32.68M7.64M93.00K
SpecialIncomeCharges-29.24M-26.14M-2.38M-84.27M
OtherSpecialCharges-154.41M2.03M52.00M
WriteOff184.50M0.000.00
RestructuringAndMergernAcquisition-850.00K24.10M2.38M32.27M
NetNonOperatingInterestIncomeExpense-13.41M-14.34M-14.69M-12.53M
InterestExpenseNonOperating13.41M14.34M14.69M12.53M
OperatingIncome-290.66M-310.37M-304.82M-178.16M
OperatingExpense327.94M363.14M353.85M237.02M
DepreciationAmortizationDepletionIncomeStatement18.01M6.16M0.000.00
DepreciationAndAmortizationInIncomeStatement18.01M6.16M0.000.00
Amortization18.01M6.16M0.000.00
AmortizationOfIntangiblesIncomeStatement18.01M6.16M0.000.00
ResearchAndDevelopment134.92M187.17M193.00M112.90M
SellingGeneralAndAdministration175.02M169.82M160.85M124.12M
GrossProfit37.28M52.78M49.03M58.86M
CostOfRevenue116.73M147.74M79.27M71.65M
TotalRevenue154.01M200.52M128.30M130.51M
OperatingRevenue154.01M200.52M128.30M130.51M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber294.42M267.74M226.50M220.98M
ShareIssued294.42M267.74M226.50M220.98M
NetDebt592.12M712.82M573.44M436.95M
TotalDebt672.43M933.93M948.48M955.36M
TangibleBookValue-200.74M-217.94M-257.31M-29.97M
InvestedCapital1.15B1.59B1.46B1.69B
WorkingCapital429.38M647.02M588.74M1.03B
NetTangibleAssets-200.74M-217.94M-257.31M-29.97M
CapitalLeaseObligations24.94M41.20M49.96M57.68M
CommonStockEquity506.59M701.30M562.90M790.99M
TotalCapitalization1.15B1.59B1.46B1.69B
TotalEquityGrossMinorityInterest506.59M701.30M562.90M790.99M
StockholdersEquity506.59M701.30M562.90M790.99M
GainsLossesNotAffectingRetainedEarnings422.00K219.00K-4.76M-1.09M
OtherEquityAdjustments422.00K219.00K-4.76M-1.09M
RetainedEarnings-2.15B-1.84B-1.53B-1.22B
AdditionalPaidInCapital2.65B2.54B2.10B2.01B
CapitalStock294.00K268.00K227.00K221.00K
CommonStock294.00K268.00K227.00K221.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest753.85M1.04B1.20B1.22B
TotalNonCurrentLiabilitiesNetMinorityInterest687.55M949.68M940.85M1.14B
OtherNonCurrentLiabilities19.25M20.30M1.30M173.19M
NonCurrentDeferredLiabilities5.90M5.53M1.79M25.05M
NonCurrentDeferredRevenue5.90M5.53M1.79M25.05M
LongTermDebtAndCapitalLeaseObligation662.41M923.85M937.75M946.04M
LongTermCapitalLeaseObligation14.91M31.61M41.07M49.97M
LongTermDebt647.49M892.24M896.68M896.07M
CurrentLiabilities66.30M95.03M263.33M71.71M
OtherCurrentLiabilities1.21M4.12M173.85M553.00K
CurrentDeferredLiabilities13.86M16.34M30.50M10.98M
CurrentDeferredRevenue13.86M16.34M30.50M10.98M
CurrentDebtAndCapitalLeaseObligation10.03M10.08M10.73M9.32M
CurrentCapitalLeaseObligation10.03M9.59M8.89M7.71M
CurrentDebt490.00K1.84M1.61M
OtherCurrentBorrowings490.00K1.84M1.61M
PensionandOtherPostRetirementBenefitPlansCurrent2.01M3.71M3.64M3.60M
PayablesAndAccruedExpenses39.19M60.77M44.62M47.26M
CurrentAccruedExpenses22.59M45.71M32.60M36.26M
InterestPayable2.47M2.83M5.10M5.10M
Payables16.59M15.06M12.03M11.00M
AccountsPayable16.59M15.06M12.03M11.00M
TotalAssets1.26B1.75B1.77B2.01B
TotalNonCurrentAssets764.77M1.00B915.01M905.84M
OtherNonCurrentAssets10.84M15.70M13.45M5.76M
GoodwillAndOtherIntangibleAssets707.33M919.25M820.22M820.95M
OtherIntangibleAssets389.57M456.98M410.25M410.98M
Goodwill317.76M462.26M409.97M409.97M
NetPPE46.60M69.03M81.34M79.12M
AccumulatedDepreciation-81.95M-74.79M-64.99M-56.29M
GrossPPE128.54M143.82M146.33M135.41M
Leases33.77M35.23M34.13M31.11M
ConstructionInProgress2.28M1.34M4.70M2.30M
OtherProperties16.09M32.59M39.76M46.62M
MachineryFurnitureEquipment76.41M74.66M67.74M55.37M
Properties0.000.000.000.00
CurrentAssets495.68M742.05M852.07M1.10B
OtherCurrentAssets18.78M17.04M10.29M7.39M
RestrictedCash690.00K300.00K300.00K500.00K
PrepaidAssets10.29M7.39M
Inventory58.76M56.68M50.38M24.60M
InventoriesAdjustmentsAllowances-22.77M-19.16M
FinishedGoods14.08M15.75M12.18M8.00M
WorkInProcess22.17M27.65M14.06M8.61M
RawMaterials45.27M32.43M24.14M7.99M
Receivables27.52M36.62M18.79M24.24M
AccountsReceivable27.52M36.62M18.79M24.24M
CashCashEquivalentsAndShortTermInvestments389.93M631.42M772.32M1.04B
OtherShortTermInvestments334.56M451.50M447.23M583.67M
CashAndCashEquivalents55.37M179.91M325.09M460.73M
CashEquivalents0.00109.74M187.45M133.41M
CashFinancial55.37M70.17M137.64M327.31M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-212.25M-268.02M-280.14M-117.11M
RepaymentOfDebt-490.00K-1.84M-1.61M-361.00K
IssuanceOfDebt0.000.00895.54M
IssuanceOfCapitalStock0.00189.20M0.00294.85M
CapitalExpenditure-6.19M-8.84M-16.93M-5.93M
InterestPaidSupplementalData14.80M15.69M14.05M6.93M
EndCashPosition55.37M179.91M325.09M460.73M
OtherCashAdjustmentOutsideChangeinCash-2.22M-2.72M-3.22M-5.09M
BeginningCashPosition182.63M328.31M465.82M85.95M
ChangesInCash-125.04M-145.68M-137.51M379.87M
FinancingCashFlow-42.99M108.89M9.62M1.17B
CashFlowFromContinuingFinancingActivities-42.99M108.89M9.62M1.17B
NetOtherFinancingCharges-50.20M-93.79M-52.24M
ProceedsFromStockOptionExercised7.70M15.32M11.23M31.81M
NetCommonStockIssuance0.00189.20M0.00294.85M
CommonStockIssuance0.00189.20M0.00294.85M
NetIssuancePaymentsOfDebt-490.00K-1.84M-1.61M895.17M
NetLongTermDebtIssuance-490.00K-1.84M-1.61M895.17M
LongTermDebtPayments-490.00K-1.84M-1.61M-361.00K
LongTermDebtIssuance0.000.00895.54M
InvestingCashFlow124.00M4.60M116.08M-678.53M
CashFlowFromContinuingInvestingActivities124.00M4.60M116.08M-678.53M
NetInvestmentPurchaseAndSale130.19M13.55M133.01M-352.81M
SaleOfInvestment628.83M770.12M575.80M635.24M
PurchaseOfInvestment-498.63M-756.57M-442.79M-988.05M
NetBusinessPurchaseAndSale0.00-102.00K0.00-319.79M
PurchaseOfBusiness0.00-102.00K0.00-319.79M
NetIntangiblesPurchaseAndSale0.000.00-179.00K0.00
PurchaseOfIntangibles0.000.00-179.00K0.00
NetPPEPurchaseAndSale-6.19M-8.84M-16.75M-5.93M
PurchaseOfPPE-6.19M-8.84M-16.75M-5.93M
OperatingCashFlow-206.06M-259.17M-263.21M-111.18M
CashFlowFromContinuingOperatingActivities-206.06M-259.17M-263.21M-111.18M
ChangeInWorkingCapital-40.58M-58.96M-53.97M20.33M
ChangeInOtherWorkingCapital-2.11M-10.42M-3.73M25.74M
ChangeInOtherCurrentLiabilities-16.53M-21.19M-6.84M-5.79M
ChangeInPayablesAndAccruedExpense-24.94M13.31M-2.63M21.68M
ChangeInAccruedExpense-26.34M13.10M-3.65M15.32M
ChangeInPayable1.41M206.00K1.02M6.36M
ChangeInAccountPayable1.41M206.00K1.02M6.36M
ChangeInPrepaidAssets2.23M-8.98M-12.32M-1.02M
ChangeInInventory-8.32M-13.84M-33.91M-13.11M
ChangeInReceivables9.09M-17.83M5.46M-7.17M
ChangesInAccountReceivables9.09M-17.83M5.46M-7.17M
OtherNonCashItems-155.88M19.51M3.29M53.74M
StockBasedCompensation71.04M72.12M78.61M73.36M
ProvisionandWriteOffofAssets4.62M10.58M6.03M678.00K
AssetImpairmentCharge184.50M0.000.00
AmortizationOfSecurities-13.04M-12.84M-244.00K4.01M
DeferredTax-205.00K-11.42M0.00-93.65M
DeferredIncomeTax-205.00K-11.42M0.00-93.65M
DepreciationAmortizationDepletion53.35M26.53M17.32M11.59M
DepreciationAndAmortization53.35M26.53M17.32M11.59M
AmortizationCashFlow27.41M8.26M913.00K381.00K
AmortizationOfIntangibles27.41M8.26M913.00K381.00K
Depreciation25.94M18.27M16.41M11.20M
OperatingGainsLosses2.03M278.00K54.00K
GainLossOnSaleOfPPE278.00K54.00K
NetIncomeFromContinuingOperations-309.85M-306.74M-314.25M-181.22M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for PACB
Date User Asset Broker Type Position Size Entry Price Patterns