Ginkgo Bioworks Holdings
DNA on NYSE. Ginkgo Bioworks Holdings sells cell engineering and biosecurity services to government and commercial customers. Market value $795m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Capital spending looks too small to be complete, so we leave free cash flow out.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Health care stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 20 of 100. Price score: 16 of 100. Our list needs 70 on quality and 60 on price.
$12.41 a share, 131% above its 1-year low
Over the past year the price has ranged from $5.37 to $18.22.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $314m | $478m | $251m | $227m | $170m |
| Operating margin | |||||
| Operating margin | -582.6% | -462.4% | -343.8% | -246.5% | -185.3% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 1.61bn | 1.89bn | 0.05bn | 0.05bn | 0.06bn |
Health checks
- Free cash flow positive0 of 4 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)1 of 7 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsShrinking, 14.2% a year
- Buying back its own sharesYes, 96% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $20 million last quarter, down 48% on a year ago.
- A loss of $47 million, compared with a loss of $60 million a year ago.
- It loses 260 cents on each $1 of sales, compared with 142 cents a year earlier.
- Sales did not grow on a year ago in any of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $89m |
| December 2024 | $44m |
| March 2025 | $38m |
| June 2025 | $39m |
| September 2025 | $39m |
| December 2025 | $33m |
| March 2026 | $19m |
| June 2026 | $20m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$56m |
| December 2024 | -$108m |
| March 2025 | -$91m |
| June 2025 | -$60m |
| September 2025 | -$81m |
| December 2025 | -$81m |
| March 2026 | -$83m |
| June 2026 | -$47m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 26 February 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 184 funds in all.
- Viking Global InvestorsAndreas Halvorsen
- Value
- $35m
- Share of fund
- 0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Viking Global InvestorsAndreas Halvorsen | $35m | 0.1% |
Largest holders overall
- BlackRock$42mAdded
- Viking Global Investors$35m
- Erste Asset Management GmbH$26mAdded
- Baillie Gifford$24m
- Vanguard Capital Management$21mAdded
- Anchorage Capital Group, L.L.C.$17m
- Legal & General Group$17m
- State Street$15mAdded
- Geode Capital Management$12mAdded
- Forbes J M & CO LLP$10mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- Reshma P. ShettyInsider or founderat least 9.5%(filed with 1 related holder)Since 14 February 2025
- BlackRock, Inc.Passive investor7.7%+1.2 ptsSince 30 June 2026
- Cascade Investment, L.L.C.Passive investorat least 7.5%(filed with 1 related holder)Since 30 September 2025
- Viking Global InvestorsPassive investorat least 7.1%(filed with 6 related holders)Since 31 March 2026
- Austin ChePassive investor5.0%Since 31 December 2024
- BAILLIE GIFFORD & COPassive investorSold down below 5%Since 31 December 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
- ARK Investment Management LLCPassive investorSold down below 5%Since 30 September 2024
| Holder | Stake | Since | |
|---|---|---|---|
Reshma P. Shetty Insider or founder | at least 9.5% (filed with 1 related holder) | 14 February 2025 | |
BlackRock, Inc. Passive investor | 7.7%+1.2 pts | 30 June 2026 | |
Cascade Investment, L.L.C. Passive investor | at least 7.5% (filed with 1 related holder) | 30 September 2025 | |
Viking Global Investors Passive investor | at least 7.1% (filed with 6 related holders) | 31 March 2026 | |
Austin Che Passive investor | 5.0% | 31 December 2024 | |
BAILLIE GIFFORD & CO Passive investor | Sold down below 5% | 31 December 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 | |
ARK Investment Management LLC Passive investor | Sold down below 5% | 30 September 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 4 sold $3m.
- HENRY CHRISTIAN ODirectorSold
- Date
- 15 September 2026
- Shares
- 5,000
- Price
- $7.08
- Value
- $35,405
- Coen Steven P.See remarksSold
- Date
- 24 August 2026
- Shares
- 330
- Price
- $6.98
- Value
- $2,302
- Coen Steven P.See remarksSold
- Date
- 17 July 2026
- Shares
- 752
- Price
- $7.90
- Value
- $5,943
- Coen Steven P.See remarksSold
- Date
- 22 May 2026
- Shares
- 307
- Price
- $8.33
- Value
- $2,557
- Coen Steven P.See remarksSold
- Date
- 17 April 2026
- Shares
- 324
- Price
- $7.95
- Value
- $2,576
- Coen Steven P.See remarksSold
- Date
- 13 April 2026
- Shares
- 33,171
- Price
- $6.41
- Value
- $212,626
- Shetty Reshma P.See remarks, DirectorSold
- Date
- 10 April 2026
- Shares
- 124,727
- Price
- $6.43
- Value
- $801,995
- Shetty Reshma P.See remarks, DirectorSold
- Date
- 9 April 2026
- Shares
- 13,116
- Price
- $6.40
- Value
- $83,942
- Kelly Jason RSee remarks, DirectorSold
- Date
- 9 April 2026
- Shares
- 109,767
- Price
- $6.40
- Value
- $702,509
- Shetty Reshma P.See remarks, DirectorSold
- Date
- 8 April 2026
- Shares
- 13,155
- Price
- $6.93
- Value
- $91,164
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 15 September 2026 | HENRY CHRISTIAN O Director | Sold | 5,000 | $7.08 | $35,405 |
| 24 August 2026 | Coen Steven P. See remarks | Sold | 330 | $6.98 | $2,302 |
| 17 July 2026 | Coen Steven P. See remarks | Sold | 752 | $7.90 | $5,943 |
| 22 May 2026 | Coen Steven P. See remarks | Sold | 307 | $8.33 | $2,557 |
| 17 April 2026 | Coen Steven P. See remarks | Sold | 324 | $7.95 | $2,576 |
| 13 April 2026 | Coen Steven P. See remarks | Sold | 33,171 | $6.41 | $212,626 |
| 10 April 2026 | Shetty Reshma P. See remarks, Director | Sold | 124,727 | $6.43 | $801,995 |
| 9 April 2026 | Shetty Reshma P. See remarks, Director | Sold | 13,116 | $6.40 | $83,942 |
| 9 April 2026 | Kelly Jason R See remarks, Director | Sold | 109,767 | $6.40 | $702,509 |
| 8 April 2026 | Shetty Reshma P. See remarks, Director | Sold | 13,155 | $6.93 | $91,164 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 26 Feb 2026, plus the 10-Q filed 6 Aug 2026 and 6 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have shrunk: 14.2% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.