Bionano Genomics reported revenue of $23.1 million, up 13%, and a $22.2 million net loss for the nine months ended September 30, 2026. It faces substantial doubt about going concern and expects additional capital in the very near term.
BNGO · Bionano Genomics, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“Accordingly, we determined that there is substantial doubt about our ability to continue as a going concern within 12 months after the date that the financial statements included in this Quarterly Report are issued.”View the 10-Q filed Nov 10, 2026
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Bionano Genomics reported third-quarter revenue of $8.3 million, up 12% from $7.4 million, and gross margin of 48%, up from 46%. It reiterated full year 2026 revenue guidance of $31 to $33 million.
Bionano Genomics, Inc. established a replacement shelf registration for up to $400,000,000 and disclosed an additional $3,941,645.77 of securities sold under its prior registration statement.
Bionano Genomics, Inc. is registering up to 1,332,632 shares issuable upon exercise of outstanding warrants, replacing an expiring registration statement so warrant exercises remain covered. Full exercise would generate approximately $90 million for general corporate purposes.
Metrics snapshot
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 10, 2026TL;DR. Bionano reported Q2 2026 revenue of $8.2 million, up 21% year-over-year and above guidance, with record flow cell sales of 9,219 units (+27%), driven by clinical adoption. The company raised the low end of full-year 2026 revenue guidance to $31–$33 million and initiated Q3 guidance of $8.2–$8.6 million, while retiring its senior secured convertible debt.
- + Q2 revenue beat guidance and grew 21% year-over-year to $8.2M, with consumables up 31%
- + Record flow cell sales of 9,219 units, up 27% year-over-year, driven by clinical adoption
- + Gross margin reached a record 53% in Q2 2026, up from 52% a year ago
- + Raised the low end of full-year 2026 revenue guidance to $31–$33M
- + Fully retired outstanding senior secured convertible debt, simplifying the balance sheet
- + International revenue now represents the majority of total revenue, reflecting global clinical adoption
- − Top end of full-year 2026 revenue guidance was not raised due to flow cell manufacturing constraints
- − Demand continues to outpace manufacturing capacity, creating a backlog
- − Software revenue declined 16% year-over-year on deployment timing delays
- − Q3 guidance of $8.2–$8.6M implies flat to modest sequential growth despite strong Q2 momentum
- − Cash runway extends only into Q1 2027, signaling ongoing capital needs
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| adjusted operating expense non-GAAP | $8.7M | Q2 2026 | — |
| nanochannel array flow cells sold | 9,219 | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Medical Instruments & Supplies — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
BNGO
this stock
Bionano Genomics, Inc.
|
$13.99M | -34.6% | +26.3% | — | 9.9% |
|
ISRG
Intuitive Surgical Inc
|
$153.77B | -21.7% | +20.5% | 53.8 | 2.0% |
|
BDX
Becton Dickinson & Co
|
$59.39B | — | +8.2% | 96.5 | 3.0% |
|
MDLN
Medline Inc.
|
$51.92B | -6.0% | +11.5% | — | 2.9% |
|
ALC
Alcon Inc
|
$35.61B | -6.0% | +10.5% | — | 3.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 10, 2026
- This year
- 21
Bionano Genomics reported revenue of $23.1 million, up 13%, and a $22.2 million net loss for the nine months ended September 30, 2026. It faces substantial doubt about going concern and expects additional capital in the very near term.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BNGO | -13.0% | -20.0% | -18.0% | -13.0% | -34.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -15.6% | -18.8% | -18.5% | -12.9% | -45.3% |