Cryoport, Inc.

Cryoport, Inc. reported FY 2025 total revenue of $176.2 million, a 12.4% increase from $156.8 million in FY 2024. The company achieved net income of $78.3 million, a significant improvement from a net loss of $114.8 million in the prior year, primarily driven by a $117.0 million gain on the divestiture of the CRYOPDP business. However, continuing operations reported a loss of $34.0 million, compared to a loss of $104.7 million in FY 2024, with the prior year impacted by a $63.8 million impairment loss. Gross margin improved to 47.1% from 44.4%. The company ended the period with strong liquidity, including $250.5 million in cash and cash equivalents and $160.7 million in short-term investments, while net cash used in operating activities was $8.6 million.

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