CTKB · NASDAQ · Medical - Devices

Cytek (CTKB)

Builds Aurora spectral flow cytometers that profile 30-plus markers per sample on benchtop hardware.

$5.67
vs last close+0.39 (+7.29%)
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Cytek Biosciences, Inc.CTKB
Health Care

Makes spectral flow cytometers, led by the Aurora platform, that read each fluorochrome's full emission curve to profile 30 or more markers per sample. Instruments are sold alongside proprietary reagents, analysis software, and service contracts, with sales concentrated among pharmaceutical, biotech, and academic research customers.

Builds spectral flow cytometers that capture each fluorochrome's full emission curve instead of a single peak, letting labs run panels of 30 or more markers on benchtop hardware. The Aurora platform, introduced in 2017, anchors a lineup that now spans a lower-cost Northern Lights analyzer and a newer high-throughput Aurora Evo model.

A 2023 acquisition added imaging and conventional flow cytometry lines, broadening the hardware beyond the original spectral method. Instruments are sold alongside proprietary antibody reagents, unmixing and analysis software, and installation and maintenance services, so revenue continues through consumables and service contracts after each sale.

Most sales go to pharmaceutical, biotech, and contract-research customers, with the remainder in academic and government labs. Financial reporting treats the business as a single operating segment, split only between product and service revenue.

Company facts

CEOWenbin Jiang
ListedJul 23, 2021
ExchangeNASDAQ
HeadquartersFremont, CA
CountryUnited States
Employees702
CIK0001831915
ISINUS23285D1090

Market cap$681.9M
EPS (ttm)−$0.6229
P/E (ttm)−8.48
ROE-23.5%
P/B2.12
P/S3.30
Dividend yieldDiv yield
Beta0.96vs XLV 0.80

Price target$4.88−7.7%Average of 5 analysts
ConsensusBuy3 of 5 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 7, 2026Morgan StanleyTarget
Target: $5.50
Target: $5
May 13, 2026StephensTarget
Target:
Target: $4.75
May 12, 2026Morgan StanleyReiterate
Rating: Target: $6
Rating: Equal WeightTarget: $5.50
Dec 1, 2025Morgan StanleyTarget
Target:
Target: $6

Next report
Nov 4, 26
in 43 days
EPS estimate
−$0.07
Revenue estimate
$52.9M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.07−$0.09−$0.04−$0.01−$0.34−$0.12−$0.05Pending
Estimate$0.05−$0.04−$0.02−$0.03−$0.02−$0.08−$0.09−$0.07
Surprise+40.0%−125.0%−100.0%+66.7%−1,600.0%−50.0%+46.4%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$57.5M$41.5M$45.6M$52.3M$62.1M$44.1M$48.1MPending
Estimate$59.4M$42.7M$46.3M$51.2M$57.2M$44.2M$47.3M$52.9M
Surprise−3.2%−2.8%−1.6%+2.1%+8.7%−0.2%+1.8%
Estimate−$0.07
ReportedDue Nov 4, 2026
Estimate$52.9M
ReportedDue Nov 4, 2026
View details

Debt to equity8.20%
Current ratio448.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$51.5M$57.5M$41.5M$45.6M$52.3M$62.1M$44.1M$48.1M
Net income$941.0K$9.6M−$11.4M−$5.6M−$5.5M−$44.1M−$18.9M−$12.2M
Net margin1.8%16.8%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$4.2M$3.0M−$15.0M−$10.6M−$9.2M−$5.6M−$18.5M−$11.4M
YoY growthLoss narrowedTurned profitLoss widenedLoss widenedLoss widenedTurned lossLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $262.0M · Total debt $26.5M · Total assets $446.9M · Shareholders' equity $322.0M

Revenue
$48.1M
Operating income
−$11.4M
Net income
−$12.2M
View details

No dividends on record.

Institutions63.58%82.64M shares
156 holders · as of Jun 30, 2026
Insiders10.48%13.63M shares
13 holders · as of Aug 20, 2026
Other25.94%33.72M shares
remainder

129.98M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
7.37%9.58Mas of Jun 30, 2026
Millennium Management LLCInstitution
7.18%9.34Mas of Jun 30, 2026
of 5 PagesInsider
6.17%8.02Mfiled Feb 14, 2022
Boston PartnersInstitution
5.89%7.66Mas of Jun 30, 2026
HHLR Advisors, Ltd.Institution
5.12%6.66Mas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • BD

    Global #1 flow cytometry leader with deep clinical and research installed base

  • Danaher

    Beckman Coulter's CytoFLEX / DxFLEX / MoFlo hold the #2 global position

  • Sony (ADR)

    ID7000 spectral analyzer, Aurora's closest native full-spectrum rival

  • Thermo Fisher Scientific

    Attune acoustic-focusing cytometers and Invitrogen reagents overlap FSP

  • Bio-Rad Laboratories

    ZE5 flow cytometer and StarBright dye rival, plus a 2023 reagent-supply partner

  • Agilent Technologies

    NovoCyte benchtop analyzers undercut entry-level spectral flow tier

  • Standard BioTools

    CyTOF mass cytometry — adjacent 40+ parameter alternative to spectral flow

Compare

CompanyPriceChange
Cytek$5.67+7.29%$681.9M3.3+5.6%
BD$183.47+1.53%$49.79B54.413.92.4−9.6%
Danaher$221.42+2.59%$151.67B38.325.06.0+5.5%
Sony (ADR)$23.44−0.66%$138.53B27.41.7+0.3%
Thermo Fisher Scientific$658.97+0.03%$244.81B35.425.15.3+10.5%
Bio-Rad Laboratories$381.57+1.12%$10.16B45.737.03.9−0.1%
Agilent Technologies$166.60+2.87%$45.75B31.925.46.2+8.1%
Standard BioTools$0.7504+1.15%$290.4M3.4−7.6%
Median38.325.33.9+0.3%