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Ginkgo Bioworks Holdings

DNA
17
Biotechnology · Healthcare
Winston Score
17
Winston is worried
Weak fundamentals across most pillars.

Ginkgo Bioworks is a biotechnology company that helps other businesses use biology to make things. It runs a platform where scientists can program microorganisms — like bacteria or yeast — to produce useful substances, such as medicines, food ingredients, fragrances, and agricultural chemicals. Think of it like a factory that rents out its biology tools and expertise to companies that want to build products using living cells instead of traditional chemistry.

Ginkgo makes money by charging customers fees for using its cell-programming platform, and it also takes royalties or equity stakes in some partner projects. The company operates primarily in the United States and serves customers across pharmaceuticals, agriculture, food, and industrial chemicals. Its main competitive advantage is its automated lab infrastructure, which lets it run many biology experiments at once faster and cheaper than most labs. However, Ginkgo is spending far more money than it earns — its deep operating losses are the central risk, and the company must convert its platform partnerships into reliable, recurring revenue to reach financial sustainability.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-59.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+17.3% YoY

YoY Growth Rate

Steady EPS growth

Insider Activity

26.7%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~9 months

$144M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

Ginkgo Bioworks Holdings has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
18.4%
Thin — 18.4% gross margin
Operating Margin
-366.5%
Losing money on operations — -366.5%
ROCE
-8.4%
Weak — -8.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-40.5%
Shrinking sales (-40.5% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-129.7%
Burning cash (-129.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.93
Moderate — manageable debt (0.93)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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