MaxCyte, Inc. MXCT R2K
MaxCyte, Inc., a life sciences company, discovers, develops, and commercializes cell therapeutics in the United States and internationally. The company's products consists of ExPERT ATx, a static electroporation instrument for small to medium scale transfection; ExPERT STx, a flow electroporation for protein production and drug development, as well as expression of therapeutic targets for cell-based assays; ExPERT GTx, a flow electroporation for large scale transfection in therapeutic applications; and ExPERT VLx for very large volume cell-engineering. It also provides disposable processing assemblies (PAs) to process and electroporate cells; and accessories supporting PAs, such as electroporation buffer solution and software protocols. The company licenses and sells its instruments and technology; and sells its consumables to developers of cell therapies, as well as to pharmaceutical and biotechnology companies for use in drug discovery and development, and bio-manufacturing. MaxCyte, Inc. was incorporated in 1998 and is headquartered in Rockville, Maryland.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
No notable strengths flagged.
CONS
- Revenue declined at -9.3% CAGR over 5 years.
- Earnings shrank at -29.8% CAGR over 5 years.
- Trading 49.4% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MXCT MaxCyte, Inc. R2K | 1.21 | - | $129.62M | - | -24.06% | -21.30% | -9.30% | -29.78% |
| 2 | LLY Eli Lilly and Company SPX | 1,105.00 | 39.21 | $985.37B | 0.63% | 38.44% | 107.46% | 31.69% | 48.96% |
| 3 | JNJ Johnson & Johnson SPX | 225.33 | 26.11 | $542.42B | 2.38% | 23.13% | 26.42% | 5.60% | 14.32% |
| 4 | UNH UnitedHealth Group Incorporated SPX | 380.31 | 28.66 | $345.38B | 2.32% | 9.60% | 12.18% | 11.35% | -15.69% |
| 5 | MRK Merck & Co., Inc. SPX | 118.72 | 33.44 | $293.22B | 2.86% | 20.66% | 18.94% | 3.12% | 7.93% |
| 6 | TMO Thermo Fisher Scientific Inc. SPX | 492.51 | 27.11 | $183.03B | 0.38% | 9.17% | 13.52% | -0.27% | -1.19% |
| 7 | AMGN Amgen Inc. NDXSPX | 336.79 | 23.42 | $181.77B | 2.99% | 18.02% | 101.32% | 11.77% | 5.58% |
| 8 | GILD Gilead Sciences, Inc. NDXSPX | 134.43 | 18.29 | $166.90B | 2.44% | 22.92% | 43.36% | 2.57% | 22.83% |
| 9 | ISRG Intuitive Surgical, Inc. NDXSPXAI | 424.64 | 51.53 | $150.39B | - | 15.96% | 17.23% | 17.39% | 29.26% |
Quarterly Results
Figures in USD.
| Metric | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | 2.33M | 4.67M | 4.24M | 4.22M | 5.61M | 6.86M | 6.98M | 7.15M | 4.96M | 5.62M | 4.16M | 5.58M | 4.96M | - | 10.39M | 8.51M | 6.83M | 7.30M | 9.65M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.50M | 1.52M | 1.60M | 1.61M | 1.57M |
| Gross Profit | - | 4.68M | 6.03M | 5.80M | 6.32M | 9.20M | 10.52M | 8.49M | 9.27M | 7.58M | 7.67M | 7.21M | 9.94M | 8.94M | - | 8.89M | 6.99M | 5.23M | 5.69M | 8.08M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.19M | 21.21M | 16.32M | 13.36M | 14.27M |
| Operating Income | - | -2.84M | -2.84M | -6.37M | -4.42M | -2.44M | -4.16M | -8.74M | -7.71M | -13.18M | -13.07M | -13.95M | -12.28M | -11.97M | - | -12.29M | -14.23M | -11.09M | -7.67M | -6.18M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -11.02M | -13.15M | -10.05M | -6.38M | -4.92M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -10.26M | -12.36M | -12.42M | -9.60M | -4.75M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 |
| Net Income | -3.06M | -3.00M | -3.10M | -7.11M | -4.42M | -2.68M | -4.07M | -8.26M | -6.43M | -10.88M | -10.51M | -11.25M | -9.53M | -9.38M | - | -10.26M | -12.36M | -12.42M | -9.60M | -4.75M |
| Diluted EPS | - | -0.05 | -0.04 | -0.09 | -0.05 | -0.03 | -0.04 | -0.08 | -0.06 | -0.11 | -0.10 | -0.11 | - | -0.09 | - | -0.10 | -0.12 | -0.12 | -0.09 | -0.04 |
| R&D Expense | - | 4.09M | 4.52M | 6.08M | 3.20M | 2.75M | 3.77M | 4.70M | 5.33M | 6.05M | 5.66M | 6.26M | 6.68M | 5.62M | 5.32M | 5.90M | 6.27M | 5.32M | - | 3.86M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 13.26M | 15.45M | - | 44.26M | 41.29M | 38.63M | 33.03M |
| Cost of Revenue | - | - | - | 5.10M | 4.74M | 7.10M | 6.22M |
| Gross Profit | 19.12M | 23.40M | - | 39.16M | 36.55M | 31.53M | 26.80M |
| Operating Expenses | - | - | - | 66.52M | 84.84M | 82.72M | 72.09M |
| Operating Income | -12.42M | -11.06M | - | -27.36M | -48.30M | -51.20M | -45.28M |
| EBITDA | - | - | - | -24.66M | -43.73M | -46.41M | -40.14M |
| Interest Expense | - | - | 1.04M | 126.90K | - | - | - |
| Pretax Income | - | - | - | -23.57M | -37.92M | -41.05M | -44.63M |
| Tax Provision | - | - | - | 0 | 0 | 0 | 0 |
| Net Income | -12.89M | -11.82M | - | -23.57M | -37.92M | -41.05M | -44.63M |
| Diluted EPS | -0.23 | -0.17 | - | -0.23 | -0.37 | -0.39 | -0.42 |
| R&D Expense | 17.59M | 17.73M | 15.41M | 19.51M | 23.82M | 22.23M | 20.82M |
Compounded Sales Growth
| 5 Years: | -9.30% |
| 1 Year: | -7.10% |
Compounded Profit Growth
| 5 Years: | -29.78% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -49.16% |
| 6 Months: | -28.82% |
| 3 Months: | +49.20% |
| 1 Month: | +47.92% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 51.78M | - | 286.65M | 268.27M | 239.47M | 202.51M |
| Current Assets | - | - | - | - | 252.27M | 190.19M | 171.68M | 118.37M |
| Cash & Equivalents | - | - | 18.76M | - | 11.06M | 46.51M | 27.88M | 20.07M |
| Inventory | - | - | - | - | 8.58M | 12.23M | 8.91M | 7.55M |
| Receivables | - | - | - | - | 13.09M | 5.78M | 4.68M | 3.50M |
| Total Liabilities | - | - | 18.55M | - | 32.69M | 36.11M | 33.22M | 31.02M |
| Current Liabilities | - | - | 11.61M | - | 15.43M | 17.86M | 15.78M | 14.27M |
| Long Term Debt | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | 16.09M | 18.74M | 18.03M | 17.94M |
| Total Equity | 12.28M | 13.60M | 33.23M | - | 253.97M | 232.17M | 206.25M | 171.49M |
| Shares Outstanding | - | - | - | - | 102.40M | 103.96M | 105.71M | 106.79M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -8.80M | -8.78M | - | -14.78M | -21.69M | -27.61M | -34.41M |
| Investing Cash Flow | 454.50K | -16.58M | - | -24.82M | 54.98M | 6.93M | 25.93M |
| Financing Cash Flow | 12.31M | 28.90M | - | 2.89M | 2.14M | 2.06M | 656.00K |
| Capital Expenditure | -1.27M | -2.07M | - | -18.48M | -3.70M | -1.65M | -1.77M |
| Free Cash Flow | -10.07M | -10.85M | - | -33.26M | -25.39M | -29.26M | -36.18M |
| Net Change in Cash | - | - | - | -36.72M | 35.44M | -18.62M | -7.82M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | 144.2% | 151.5% | - | 88.5% | 88.5% | 81.6% | 81.2% |
| Operating Margin % | -93.7% | -71.6% | - | -61.8% | -117.0% | -132.5% | -137.1% |
| Net Margin % | -97.3% | -76.5% | - | -53.3% | -91.8% | -106.3% | -135.1% |
| ROE % | -94.8% | -35.6% | - | -9.3% | -16.3% | -19.9% | -26.0% |
| ROCE % | - | -27.5% | - | -10.1% | -19.3% | -22.9% | -24.1% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 8.21% | 8.80M | $10.65M |
| 2 | Capricorn Fund Managers Ltd | 7.65% | 8.20M | $9.92M |
| 3 | Vitruvian Partners, LLP | 4.71% | 5.04M | $6.10M |
| 4 | Vanguard Capital Management LLC | 3.72% | 3.98M | $4.82M |
| 5 | Morgan Stanley | 3.44% | 3.69M | $4.46M |
| 6 | Mudita Advisors LLP | 3.15% | 3.37M | $4.08M |
| 7 | BNP Paribas Asset Management Holding S.A. | 2.59% | 2.77M | $3.36M |
| 8 | Geode Capital Management, LLC | 2.21% | 2.36M | $2.86M |
| 9 | State Street Corporation | 2.05% | 2.19M | $2.65M |
| 10 | Brooklands Fund Management Ltd | 2.04% | 2.19M | $2.65M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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