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Burning Rock Reports Unaudited Fourth Quarter and Full Year 2024 Financial Results
Tue 25 Mar 25, 11:45 AM| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -52.32450M | -340.74100M | -651.30100M | -969.24800M | -795.79800M |
| Minority interest | - | - | - | - | - |
| Net income | -53.83810M | -346.62600M | -653.68900M | -971.23300M | -796.69700M |
| Selling general administrative | - | 261.64M | 437.82M | 568.28M | 490.26M |
| Selling and marketing expenses | - | 190.90M | 247.71M | 370.29M | 303.10M |
| Gross profit | 391.94M | 362.40M | 363.23M | 380.04M | 364.15M |
| Reconciled depreciation | - | 52.20M | 133.40M | 124.10M | 47.77M |
| Ebit | -53.35075M | -322.43200M | -651.30100M | -980.40700M | -797.06400M |
| Ebitda | -43.05414M | -270.23200M | -517.90100M | -981.95600M | -793.40800M |
| Depreciation and amortization | 10.30M | 52.20M | 133.40M | -1.54900M | 3.66M |
| Non operating income net other | - | - | - | - | - |
| Operating income | -53.35075M | -357.55900M | -669.32100M | -980.40700M | -797.06400M |
| Other operating expenses | 578.22M | 873.38M | 1206.76M | 1543.64M | 1304.93M |
| Interest expense | 0.03M | - | 0.00000M | -11.15900M | 1.54M |
| Tax provision | - | 5.88M | 3.22M | 1.99M | 0.90M |
| Interest income | - | 12.21M | 15.26M | 9.46M | 3.46M |
| Net interest income | - | 12.21M | 15.26M | 9.46M | 1.92M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 1.51M | 5.88M | 2.39M | 1.99M | 0.90M |
| Total revenue | 524.87M | 515.82M | 537.43M | 563.24M | 507.86M |
| Total operating expenses | 445.29M | 719.96M | 1032.55M | 1360.45M | 1161.21M |
| Cost of revenue | 132.93M | 153.42M | 174.21M | 183.20M | 143.72M |
| Total other income expense net | 1.03M | 16.82M | 18.02M | 11.16M | 1.27M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | - | -346.62600M | -707.70100M | -971.23300M | -796.69700M |
| Net income applicable to common shares | - | - | - | -971.23300M | -796.69700M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 820.90M | 885.30M | 1040.00M | 1587.47M | 2278.59M |
| Intangible assets | - | 0.42M | 0.96M | 0.16M | 5.15M |
| Earning assets | - | - | - | - | - |
| Other current assets | 18.62M | 29.56M | 2.80M | 51.46M | 60.28M |
| Total liab | 285.29M | 304.48M | 271.59M | 429.13M | 433.28M |
| Total stockholder equity | 535.60M | 580.83M | 768.41M | 1158.34M | 1845.31M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 81.50M | 75.04M | 104.94M | 173.83M | 127.89M |
| Common stock | 0.14M | 0.14M | 0.14M | 0.14M | 0.14M |
| Capital stock | - | 0.14M | 0.14M | 0.14M | 0.14M |
| Retained earnings | -4258.31693M | -4200.26100M | -3853.63500M | -3199.94600M | -2228.71300M |
| Other liab | - | - | - | 4.12M | 11.78M |
| Good will | 0.28M | - | - | 1.82M | - |
| Other assets | 0.00001M | - | - | 26.00M | 45.14M |
| Cash | 481.39M | 519.85M | 615.10M | 905.45M | 1431.32M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 247.14M | 266.30M | 263.36M | 411.45M | 372.18M |
| Current deferred revenue | 107.89M | 118.49M | 131.73M | 149.44M | 143.84M |
| Net debt | -438.24691M | -467.52800M | -602.77200M | -854.66400M | -1344.63200M |
| Short term debt | 16.97M | 24.57M | 8.63M | 37.24M | 37.37M |
| Short long term debt | - | - | - | - | 2.37M |
| Short long term debt total | 43.15M | 52.32M | 12.32M | 50.79M | 86.69M |
| Other stockholder equity | 4956.02M | 4938.99M | 4783.44M | 4523.87M | 4280.96M |
| Property plant equipment | - | - | - | 300.03M | 406.44M |
| Total current assets | 739.06M | 776.62M | 884.10M | 1258.76M | 1820.95M |
| Long term investments | - | 0.00000M | 0.34M | 0.69M | 0.91M |
| Net tangible assets | - | - | - | 1156.36M | 1840.16M |
| Short term investments | - | 6.14M | 13.40M | 0.00000M | 63.76M |
| Net receivables | 182.03M | 173.45M | 167.81M | 151.71M | 134.59M |
| Long term debt | - | - | - | - | - |
| Inventory | 57.01M | 53.76M | 69.02M | 130.32M | 123.21M |
| Accounts payable | 40.77M | 33.75M | 18.06M | 50.95M | 63.08M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -162.24024M | -158.04800M | -161.53300M | -165.72200M | -207.06900M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 7.64M | 7.93M | 5.09M | 26.00M | 45.14M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 81.84M | 108.69M | 155.91M | 328.70M | 457.64M |
| Capital lease obligations | - | 52.32M | 12.32M | 50.79M | 84.31M |
| Long term debt total | - | - | - | - | - |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | -4.41200M | -14.00500M | -7.46300M | 81.70M | -30.42000M |
| Change to liabilities | - | - | 22.06M | 63.10M | 49.98M |
| Total cashflows from investing activities | -4.41200M | -9.30000M | -7.46300M | 81.70M | -109.31200M |
| Net borrowings | 0.00000M | 0.00000M | -2.37000M | -44.80600M | -20.59400M |
| Total cash from financing activities | -0.07200M | -48.83200M | -86.23800M | -52.89900M | 2165.72M |
| Change to operating activities | - | - | 30.60M | -8.73200M | 109.73M |
| Net income | -346.62600M | -653.68900M | -971.23300M | -796.69700M | -407.23500M |
| Change in cash | -93.05400M | -310.05200M | -513.84400M | -486.09400M | 1826.96M |
| Begin period cash flow | 615.22M | 925.27M | 1439.11M | 1925.21M | 98.24M |
| End period cash flow | 522.16M | 615.22M | 925.27M | 1439.11M | 1925.21M |
| Total cash from operating activities | -92.26100M | -255.78300M | -456.80800M | -477.88600M | -73.54300M |
| Issuance of capital stock | - | - | 0.00000M | 0.00000M | 2121.85M |
| Depreciation | 52.20M | 133.40M | 124.10M | 47.77M | 33.31M |
| Other cashflows from investing activities | 1.01M | -1.19600M | - | 81.70M | -109.31200M |
| Dividends paid | - | - | - | - | -360.44100M |
| Change to inventory | 2.51M | 57.28M | 11.20M | -66.99900M | -9.44400M |
| Change to account receivables | -26.79900M | -12.38600M | -21.50500M | -18.93000M | -13.04200M |
| Sale purchase of stock | -0.07200M | -6.97700M | -71.83400M | -4.27000M | -3.50000M |
| Other cashflows from financing activities | - | -41.85500M | -12.03400M | -3.82300M | 721.58M |
| Change to netincome | - | - | 401.49M | 318.81M | 188.29M |
| Capital expenditures | 5.98M | 9.38M | 62.03M | 213.45M | 79.54M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | -36.53200M | -52.15700M | 6.33M | -62.39500M | 112.10M |
| Stock based compensation | 155.62M | 260.72M | 326.78M | 282.43M | 173.22M |
| Other non cash items | 83.08M | 55.94M | 57.22M | 35.61M | 15.07M |
| Free cash flow | -98.23800M | -265.16700M | -518.83900M | -691.33400M | -153.08200M |
Sector: Healthcare Industry: Diagnostics & Research
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| BNR Burning Rock Biotech Ltd |
0.96 12.70% | 8.52 | - | - | 0.41 | 2.91 | 2.08 | -0.1745 |
| TMO Thermo Fisher Scientific Inc |
18.06 3.85% | 487.41 | 34.71 | 23.87 | 4.62 | 4.43 | 5.29 | 20.89 |
| DHR Danaher Corporation |
8.93 4.99% | 187.90 | 29.09 | 28.01 | 5.67 | 3.20 | 6.00 | 19.09 |
| A Agilent Technologies Inc |
4.59 3.62% | 131.26 | 34.36 | 26.39 | 6.59 | 7.14 | 6.78 | 23.56 |
| IDXX IDEXX Laboratories Inc |
8.64 1.60% | 549.95 | 49.99 | 45.66 | 11.29 | 27.85 | 11.46 | 34.46 |
Burning Rock Biotech Limited develops and sells cancer therapy selection tests in the People's Republic of China and the United States. It operates in three segments: Central Laboratory Business, In-Hospital Business, and Pharma Research and Development Services. The company offers next-generation sequencing (NGS)-based tissue, liquid biopsy cancer therapy selection, and prognosis prediction tests for various cancer types, including lung cancer, gastrointestinal cancer, prostate cancer, breast cancer, lymphomas, thyroid cancer, colorectal cancer, ovarian cancer, pancreatic cancer, and bladder cancer using tissue and liquid biopsy samples. Its key products include OncoScreen Focus, a multi-gene tumor mutation co-detection test kit for non-small cell lung cancer (NSCLC) patients; OncoScreen Plus, a pan-cancer test for tissue samples; OncoCompass Plus, a corresponding test for liquid biopsy samples; OncoCompass Target, a ctDNA liquid biopsy-based test for NSCLC; and ColonCore for assessing microsatellite loci related to MSI status and detecting mutations in genes associated with gastrointestinal cancers. The company also provides CanCatch, a pre-operative ctDNA detection and post-operative minimal residual disease calling for relapsed patients; OncoMaster, an automatic NGS data analysis and report interpretation machine; as well as Magnis BR-customized version of its key products. In addition, it engages in the facilitation of laboratory equipment sales and sales of reagent kits. The company has a development and commercialization agreement with Myriad Genetics, Inc. to in-license Myriad myChoice tumor testing in China; and collaborations on clinical trials and research studies with AstraZeneca, Bayer, Johnson & Johnson, CStone, BeiGene, Abbisko Therapeutics, IMPACT Therapeutics, Boehringer Ingelheim, and Merck KGaA. Burning Rock Biotech Limited was founded in 2014 and is headquartered in Guangzhou, the People's Republic of China.
No. 5, Xingdao Ring Road North, Guangzhou, China, 510005
| Name | Title | Year Born |
|---|---|---|
| Dr. Shaokun Chuai | Chief Scientific Officer & Director | 1979 |
| Mr. Yusheng Han | Founder, Chairman & CEO | 1979 |
| Mr. Jinxiang Li | CFO, Compliance Officer & Director | 1985 |
| Dr. Zhihong Zhang | Chief Technology Officer | 1976 |
| Mr. Hao Liu | Sr. Advisor | 1974 |
| Dr. Zhihong Zhang | CTO & Director | 1976 |
| Mr. Hao Liu | Senior Advisor | 1974 |
| Ms. Xiaozhi Hu | Senior Director of Finance | 1984 |
| Dr. Xinru Mao | Head of Pharma Biomarker & CDx Service and International Diagnostics Division | NA |
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