BNGO · Bionano Genomics, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“Management has prepared cash flows forecasts which indicate that based on the Company’s expected operating losses and negative cash flows, there is substantial doubt about the Company’s ability to continue as a going concern within twelve months after the date that the unaudited condensed consolidated financial statements for the six months ended June 30, 2026, are issued.”View the 10-Q filed Aug 10, 2026
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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
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
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 BuyIllustrative 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.
|
$20.37M | +2.0% | +26.3% | — | 9.7% |
|
ISRG
Intuitive Surgical Inc
|
$143.14B | -28.2% | +20.5% | 46.5 | 2.3% |
|
BDX
Becton Dickinson & Co
|
$49.57B | — | +8.2% | — | 4.2% |
|
MDLN
Medline Inc.
|
$45.62B | -17.4% | +11.5% | — | 3.1% |
|
RMD
Resmed Inc
|
$32.02B | -8.2% | +13.4% | 21.3 | 9.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BNGO | -8.2% | +27.9% | +34.5% | +27.9% | +2.0% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -7.6% | +27.8% | +22.3% | +28.5% | -9.9% |