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Caris Life Sciences Inc
NASDAQ:CAI

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Caris Life Sciences Inc
NASDAQ:CAI
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Price: 16.77 USD -9.2% Market Closed
Market Cap: $4.7B

Caris Life Sciences Inc
Investor Relations

Caris Life Sciences Inc is a US-based company operating in Biotechnology industry. The company is headquartered in Irving, Texas. The company went IPO on 2025-06-18. Caris Life Sciences Inc. is a patient-centric, next-generation artificial intelligence tech bio company and precision medicine provider. The firm develops and commercializes solutions to transform healthcare through the use of comprehensive molecular information and artificial intelligence/machine learning algorithms at scale. Its entire portfolio of precision medicine solutions is designed to benefit patients, with an initial focus on oncology, and serves the clinical, academic, and biopharma markets. Its platform is purpose-built to leverage the convergence of next-generation sequencing (NGS), artificial intelligence (AI) and machine learning (ML) technologies, and high-performance computing. Its purpose-built, proprietary multi-omic profiling solutions capture and analyze molecular information from tissue and blood in a comprehensive manner. Its services for biopharma companies include prospective and retrospective profiling services, and companion diagnostics development.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 26, 2026
AI Summary
Q4 2025

Record Results: Caris Life Sciences delivered another record quarter, with Q4 revenue up 125% year-over-year to $293 million and strong profitability metrics.

Full-Year Growth: 2025 full-year revenue increased 97%, driven by molecular profiling revenue up 120% to $766.7 million, with case volume up 22%.

Profitability: The company reported positive GAAP net income of $82 million and full-year adjusted EBITDA of $138 million, marking three consecutive quarters of positive EBITDA and free cash flow.

Gross Margin Expansion: GAAP gross margin reached 75% in Q4 (up from 54% a year ago), and 66% for the full year.

Strong Balance Sheet: Cash on hand surpassed $800 million, increasing by $43 million in Q4.

Guidance Raised: 2026 revenue is guided to $1.0–$1.02 billion (23–26% growth), with molecular profiling expected to grow 21–22% and therapy selection volumes up 20%.

Early Detection Pipeline: Interim study results for Caris Detect showed strong sensitivity (63.1% for Stage 1/2), high specificity, and an AUC of 0.90, supporting a planned Q2 2026 launch.

Commercial Investments: Caris is expanding its sales force by 20–25% in 2026 and investing in both sales and R&D, while maintaining a commitment to positive EBITDA and free cash flow.

Key Financials
Revenue
$293 million
Full-Year Revenue
$766.7 million
Molecular Profiling Revenue
$282 million (Q4), $766.7 million (full year)
Pharma R&D Services Revenue
$10.8 million (Q4)
Clinical Profiling Case Volume
199,300 (full year), just under 200,000 (2025)
Average Sales Price (Tissue)
$3,876 (2025)
Average Sales Price (Blood)
Just above $2,500 (2025)
Gross Margin
75% (Q4 2025), 66% (full year 2025)
Net Income
$82 million (Q4 2025)
Adjusted EBITDA
$106 million (Q4 2025), $138 million (full year 2025)
Free Cash Flow
$39.7 million (Q4 2025), $67 million (full year 2025)
Cash on Hand
Over $800 million
Operating Expenses
$590–$595 million (2026 guidance)
CapEx
$16 million (2025), $60 million (2026 guidance)
ACHIEVE-1 Sensitivity (Stage 1)
56.8%
ACHIEVE-1 Sensitivity (Stage 2)
70.1%
ACHIEVE-1 Sensitivity (Stage 1+2)
63.1%
ACHIEVE-1 Specificity (Screening Population)
99.1%
ACHIEVE-1 AUC
0.90
Earnings Call Recording
Other Earnings Calls

Management

Dr. David Dean Halbert M.D.
Chairman, CEO & Founder
No Bio Available
Mr. Brian J. Brille J.D.
Executive Vice Chairman & Executive VP
No Bio Available
Dr. David Spetzler M.B.A., M.S., MBA, MS, Ph.D.
President
No Bio Available
Mr. Luke Power
Senior VP, CFO & Chief Accounting Officer
No Bio Available
Mr. Jon Mark Harmon
Senior VP & Chief Operations Officer
No Bio Available
Dr. Milan Radovich Ph.D.
Senior VP & Chief Scientific Officer
No Bio Available
Ms. Ginger Appleberry J.D.
Senior VP, Deputy General Counsel & Chief Compliance Officer
No Bio Available
Mr. J. Russel Denton
Senior VP, General Counsel & Secretary
No Bio Available
Mr. Narendra Chokshi
Senior Vice President of Corporate Development
No Bio Available
Mr. Michael Halbert
Senior Vice President of Human Resources
No Bio Available

Contacts

Address
TEXAS
Irving
750 West John Carpenter Freeway, Suite 800
Contacts
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