SEER Seer, Inc.
Price Chart
Executive Summary
Seer reported Q1 2026 revenue of $2.8M, a 34% decline YoY from $4.2M, and a net loss of $16.8M ($-0.30/share) vs. $19.9M ($-0.34/share) a year ago. The company reaffirmed its full-year 2026 revenue guidance of $16M-$18M (3% growth at midpoint), but the sharp revenue drop and continued cash burn signal ongoing demand headwinds from the depressed academic funding environment and competitive pressure.
Key Financial Metrics
Actionable Insight
The 34% revenue decline and margin compression are severe — watch for further guidance cuts if Q2 trends don't improve. The $220M cash runway provides a multi-year buffer, but the lack of near-term catalysts and competitive pressure suggest continued downside risk. Monitor the upcoming Q2 print for any sign of stabilization.
Key Facts
- Q1 2026 revenue fell 34% YoY to $2.8M from $4.2M
- Net loss was $16.8M ($-0.30/share) vs. $19.9M ($-0.34/share) in Q1 2025
- Gross margin contracted to 35% from 49% a year ago
- Operating expenses declined 20% YoY to $18.2M, driven by lower stock-based compensation
- Free cash flow was negative $15.7M in the quarter
- Cash, cash equivalents and investments stood at ~$220M as of March 31, 2026
- Full-year 2026 revenue guidance reaffirmed at $16M-$18M (3% growth at midpoint)
- Repurchased ~1.5M Class A shares under the share repurchase program
- Appointed Anthony Bazarko as Chief Commercial Officer
Financial Impact
Revenue decline of 34% YoY ($1.4M absolute drop) and gross margin compression from 49% to 35%
Risk Factors
- Continued revenue decline from depressed academic funding and competitive activity
- Gross margin deterioration below 35% if product mix shifts unfavorably
- Further cash burn without a clear path to profitability
- Potential for additional guidance reductions if H1 2026 revenue trends persist
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-221696 |
| Document: ck0001726445-20260513.htm | 0001193125-26-221696 |
| Document: 0001193125-26-221696-index-headers.html | 0001193125-26-221696 |
| Document: 0001193125-26-221696-index.html | 0001193125-26-221696 |
| Document: 0001193125-26-221696.txt | 0001193125-26-221696 |
| 8-K Data (Synthetic) | 0001193125-26-221696 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 9, 2026
today
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DFAN14A
| $1.70 awaiting T+1 | awaiting T+1 | — | $1.79 (+5.60%) |
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Jun 3, 2026
6d ago
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DEFA14A
| $1.85 $1.79 | ▼ −3.24% | ▼ −0.65% | $1.79 (−3.24%) |
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Jun 3, 2026
6d ago
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DEFA14A
| $1.85 $1.79 | ▼ −3.24% | ▼ −0.67% | $1.79 (−3.24%) |
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May 27, 2026
13d ago
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DFAN14A
| $1.93 $1.87 | ▼ −3.11% | ▼ −3.35% | $1.79 (−7.25%) |
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May 22, 2026
18d ago
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DEFA14A
| $1.79 $1.87 | ▼ −4.47% | ▼ −3.88% | $1.79 (+0.00%) |
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May 22, 2026
18d ago
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DEFA14A
| $1.79 $1.87 | ▼ −4.47% | ▼ −3.88% | $1.79 (+0.00%) |
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May 22, 2026
18d ago
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8-K
| $1.79 $1.87 | ▲ +4.47% | ▲ +3.88% | $1.79 (−0.00%) |
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May 21, 2026
19d ago
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Press Release
| $1.79 $1.87 | ▲ +4.47% | ▲ +3.88% | $1.79 (−0.00%) |
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May 21, 2026
19d ago
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PREC14A
| $1.77 $1.79 | ▲ +1.13% | ▲ +0.68% | $1.79 (+1.13%) |
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May 14, 2026
26d ago
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DFAN14A
| $1.75 $1.72 | ▼ −1.71% | ▼ −0.49% | $1.79 (+2.29%) |
US Market Status
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