QTRX · NASDAQ · Medical - Devices

Quanterix (QTRX)

Builds Simoa and spatial biology tools for ultra-sensitive biomarker research and diagnostics.

$3.08
vs last close−0.11 (−3.52%)
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Quanterix CorporationQTRX
Health Care

Sells instruments, assay kits, consumables, lab services, and diagnostics-facing tests built around Simoa protein detection and Akoya spatial biology. Revenue is reported in one segment, while operations are centered in Massachusetts with most employees in the United States and a smaller international base.

Built around Simoa, the platform detects low-abundance protein biomarkers in blood, serum, and other fluids through instruments, assay kits, consumables, custom assay work, and the Simoa Accelerator Laboratory.

After the Akoya acquisition, the scope includes spatial biology instruments, reagents, software, and services for tissue analysis and spatial phenotyping. The portfolio now spans blood and tissue, with diagnostic-facing activity through Lucent Diagnostics and Alzheimer's blood-test development.

Headquartered in Billerica, Massachusetts, the employee base is concentrated in the United States with a smaller presence across foreign countries. The business depends on instrument, consumables, services, and assay adoption by research, biopharmaceutical, diagnostics, and clinical customers, plus Akoya integration and diagnostic regulatory and reimbursement execution.

Company facts

CEOEverett Cunningham
ListedDec 7, 2017
ExchangeNASDAQ
HeadquartersBillerica, MA
CountryUnited States
Employees450
CIK0001503274
ISINUS74766Q1013

Market cap$150.3M
EPS (ttm)−$2.63
P/E (ttm)−1.21
ROE-43.6%
P/B0.6335
P/S0.9801
Dividend yieldDiv yield
Beta2.01vs XLV 0.32

Price target$3.00−6.0%Average of 10 analysts
ConsensusBuy5 of 10 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 17, 2026Canaccord GenuityReiterate
Rating: Target: $4
Rating: HoldTarget: $3
Apr 20, 2026Canaccord GenuityReiterate
Rating: Target: $8
Rating: HoldTarget: $4
Dec 22, 2025Canaccord GenuityReiterate
Rating: Target: $25
Rating: HoldTarget: $8
Aug 11, 2025Canaccord GenuityDowngrade
Rating: Buy
Rating: Hold
Apr 30, 2025Leerink PartnersDowngrade
Rating: Outperform
Rating: Market Perform

Next report
Nov 9, 26
in 47 days
EPS estimate
−$0.43
Revenue estimate
$34.7M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.30−$0.53−$0.77−$0.73−$0.38−$0.39−$1.04Pending
Estimate−$0.27−$0.69−$0.41−$0.23−$0.27−$0.31−$0.41−$0.43
Surprise−11.1%+23.2%−87.8%−217.4%−40.7%−25.8%−153.5%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$34.1M$30.3M$24.5M$40.2M$43.9M$36.4M$32.9MPending
Estimate$34.9M$28.3M$28.2M$37.7M$38.2M$36.8M$37.5M$34.7M
Surprise−2.4%+7.1%−13.3%+6.8%+14.8%−1.2%−12.2%
Estimate−$0.43
ReportedDue Nov 9, 2026
Estimate$34.7M
ReportedDue Nov 9, 2026
View details

Debt to equity14.10%
Current ratio339.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$35.4M$34.1M$30.3M$24.5M$40.2M$43.9M$36.4M$32.9M
Net income−$8.4M−$11.6M−$20.5M−$30.0M−$33.5M−$23.1M−$17.5M−$48.9M
Net margin0.0%0.0%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−$11.7M−$14.8M−$26.4M−$37.1M−$37.3M−$23.9M−$21.5M−$49.4M
YoY growthLoss narrowedLoss narrowedLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $93.5M · Total debt $33.4M · Total assets $319.6M · Shareholders' equity $237.2M

Revenue
$32.9M
Operating income
−$49.4M
Net income
−$48.9M
View details

No dividends on record.

Institutions≈ 62.87%29.73M shares
136 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders3.27%1.55M shares
15 holders · as of Sep 16, 2026
Strategic holders6.67%3.15M shares
1 holder · as of Feb 11, 2022
Other≈ 27.19%12.86M shares
remainder

47.29M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
7.69%3.64Mas of Jun 30, 2026
Blue Water Life Science Advisors, LPInstitution
7.35%3.47Mas of Jun 30, 2026
Macquarie Group LimitedStrategic
6.67%3.15Mfiled Feb 11, 2022
LLCInstitution
6.00%2.84Mfiled Feb 14, 2022
First Eagle Investment Management, LLCInstitution
5.82%2.75Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 13, 2026William P. Donnellydirector+72,245$2.93
Aug 12, 2026William P. Donnellydirector+27,155$2.75
May 12, 2026Benjamin Meadowsofficer: Chief Commercial Officer+3,500$2.77
View details

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