Burning Rock Biotech Limited logo

Burning Rock Biotech Limited

BNR

NASDAQHealthcareMedical - Diagnostics & Research

Previous close

$9.78

+$0.53 · +5.73%

Aug 21, 4:00 PM ET

BNR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

59

Fair Value

Momentum

28

Weakening

Sentiment

52

Mixed

Risk resilience

26

High Risk

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Company profile

Company website

Headquartered in Guangzhou, China, and established in 2014, Burning Rock Biotech Limited is primarily engaged in developing and providing diagnostic solutions for cancer therapy selection within the People's Republic of China. Its operations are structured across three key segments: Central Laboratory Business, In-Hospital Business, and Pharma Research and Development Services. The company leverages next-generation sequencing (NGS) technology to offer a diverse portfolio of tests designed to guide therapeutic decisions and predict prognoses for a wide array of cancer types. These include, but are not limited to, lung, gastrointestinal, prostate, breast, lymphomas, thyroid, colorectal, ovarian, pancreatic, and bladder cancers. These analyses can be performed on both tissue and liquid biopsy samples. Burning Rock's flagship products encompass OncoCompass IO, a liquid biopsy test; OncoScreen IO, a comprehensive pan-cancer test for tissue samples; OncoCompass Target, a circulating tumor DNA (ctDNA) liquid biopsy-based test specifically for non-small cell lung cancer (NSCLC); ColonCore, which assesses microsatellite instability (MSI) and identifies genetic mutations relevant to gastrointestinal cancers; and the OncoScreen ParpMatch and OncoCompass ParpMatch tests, which target genes critical for homologous recombination deficiency. To further enhance its offerings, the company has entered into strategic agreements, including a development and commercialization license with Myriad Genetics, Inc. for Myriad myChoice tumor testing in China, and a licensing agreement with Oncocyte Corporation for DetermaRx, a risk stratification test for early-stage lung cancer patients, also for the Chinese market. Burning Rock also actively collaborates on clinical trials and research studies with a notable roster of pharmaceutical and biotech partners, such as AstraZeneca, Bayer, Johnson & Johnson, CStone, BeiGene, Abbisko Therapeutics, IMPACT Therapeutics, and Merck KGaA.

Industry
Medical - Diagnostics & Research
Sector
Healthcare
Headquarters
CN
CEO
Yusheng Han
Listed since
Jun 12, 2020
Employees
667

Market position

Day range

Current $9.78

52-week range

Current $9.78

Open
$9.40
Previous close
$9.25
Volume
4.52K
0.24× average
Average volume
19.1K
Average daily volume
Market cap
10.34M USD
Beta
1.38
Market reference 1
50-day average
$9.2364
+5.89% above average
200-day average
$17.6301
-44.53% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
-286.28M CNY
P/E (TTM)
-1.17×
P/B (TTM)
0.13×
P/S (TTM)
0.14×
EV / EBITDA
8.95×
Earnings yield
-36.42%
Free cash flow yield
-22.17%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
74.55%
Operating margin
-11.37%
Net margin
-11.53%
Return on equity
-10.33%
Return on assets
-6.74%
Return on invested capital
-9.28%

Financial health

Debt / equity
0.1×
Current ratio
2.99×
Altman Z-score
-6.31
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends100%0%-99%-199%Gross margin, FY2021: 71.70%Gross margin, FY2022: 67.47%Gross margin, FY2023: 67.59%Gross margin, FY2024: 70.26%Gross margin, FY2025: 74.67%Operating margin, FY2021: -156.94%Operating margin, FY2022: -174.07%Operating margin, FY2023: -124.54%Operating margin, FY2024: -69.32%Operating margin, FY2025: -10.16%Net margin, FY2021: -156.87%Net margin, FY2022: -172.44%Net margin, FY2023: -121.63%Net margin, FY2024: -67.20%Net margin, FY2025: -10.26%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 71.70%. Gross margin FY2022 67.47%. Gross margin FY2023 67.59%. Gross margin FY2024 70.26%. Gross margin FY2025 74.67%. Operating margin FY2021 -156.94%. Operating margin FY2022 -174.07%. Operating margin FY2023 -124.54%. Operating margin FY2024 -69.32%. Operating margin FY2025 -10.16%. Net margin FY2021 -156.87%. Net margin FY2022 -172.44%. Net margin FY2023 -121.63%. Net margin FY2024 -67.20%. Net margin FY2025 -10.26%.

Income trends

Revenue

539.57M CNY+4.60%

Operating income

−54.85M CNY+84.66%

Net income

−55.35M CNY+84.03%
Income trends across reported periods717.6M CNY100.14M CNY−517.31M CNY−1.13B CNYRevenue, FY2021: 507.86M CNYRevenue, FY2022: 563.24M CNYRevenue, FY2023: 537.44M CNYRevenue, FY2024: 515.82M CNYRevenue, FY2025: 539.57M CNYOperating income, FY2021: −797.06M CNYOperating income, FY2022: −980.41M CNYOperating income, FY2023: −669.32M CNYOperating income, FY2024: −357.56M CNYOperating income, FY2025: −54.85M CNYNet income, FY2021: −796.7M CNYNet income, FY2022: −971.23M CNYNet income, FY2023: −653.69M CNYNet income, FY2024: −346.63M CNYNet income, FY2025: −55.35M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 507.86M CNY. Revenue FY2022 563.24M CNY. Revenue FY2023 537.44M CNY. Revenue FY2024 515.82M CNY. Revenue FY2025 539.57M CNY. Operating income FY2021 −797.06M CNY. Operating income FY2022 −980.41M CNY. Operating income FY2023 −669.32M CNY. Operating income FY2024 −357.56M CNY. Operating income FY2025 −54.85M CNY. Net income FY2021 −796.7M CNY. Net income FY2022 −971.23M CNY. Net income FY2023 −653.69M CNY. Net income FY2024 −346.63M CNY. Net income FY2025 −55.35M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue539.57M CNY515.82M CNY537.44M CNY563.24M CNY507.86M CNY
Cost of goods sold136.65M CNY153.42M CNY174.21M CNY183.2M CNY143.72M CNY
Gross profit402.91M CNY362.4M CNY363.23M CNY380.04M CNY364.15M CNY
Research and development166.49M CNY232.29M CNY347.02M CNY421.87M CNY367.86M CNY
Selling, general, and administrative291.27M CNY452.54M CNY685.53M CNY938.58M CNY793.35M CNY
Operating expenses457.76M CNY719.96M CNY1.03B CNY1.36B CNY1.16B CNY
Interest income8.05M CNY12.21M CNY17.96M CNY9.46M CNY3.46M CNY
Interest expense30K CNY1.54M CNY
Depreciation and amortization21.76M CNY52.2M CNY133.4M CNY124.1M CNY47.77M CNY
Operating income−54.85M CNY−357.56M CNY−669.32M CNY−980.41M CNY−797.06M CNY
Net income−55.35M CNY−346.63M CNY−653.69M CNY−971.23M CNY−796.7M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
-31.34%
11 comparable reports
Latest EPS result
-0.2
Estimate -2.29 · Beat by 91.26%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.13-0.9-1.68-2.46Q4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 3, 2024: actual -0.5, estimate -1.81, surprise +72.34%, Beat. Q1 2025, reported Mar 25, 2025: actual -1.08, estimate -1.82, surprise +40.56%, Beat. Q2 2025, reported Jun 6, 2025: actual -0.17, estimate -1.52, surprise +88.84%, Beat. Q3 2025, reported Sep 8, 2025: actual -0.15, estimate -1.49, surprise +89.90%, Beat. Q4 2025, reported Nov 20, 2025: actual -0.26, estimate -1.41, surprise +81.56%, Beat. Q1 2026, reported Mar 12, 2026: actual -0.21, estimate -1.4, surprise +84.97%, Beat. Q2 2026, reported Jun 9, 2026: actual -0.2, estimate -2.29, surprise +91.26%, Beat. Q3 2026, reported Sep 2, 2026: actual —, estimate -2.29, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates30.91M25.44M19.97M14.5MQ4 '24MissQ1 '25MissQ2 '25No estimateQ3 '25BeatQ4 '25No estimateQ1 '26No estimateQ2 '26MissQ3 '26Estimate
Q4 2024, reported Dec 3, 2024: actual 17.47M USD, estimate 27.11M USD, surprise -35.57%, Miss. Q1 2025, reported Mar 25, 2025: actual 17.05M USD, estimate 29.72M USD, surprise -42.61%, Miss. Q2 2025, reported Jun 6, 2025: actual 19.73M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 8, 2025: actual 18.64M USD, estimate 18.49M USD, surprise +0.86%, Beat. Q4 2025, reported Nov 20, 2025: actual 18.33M USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 12, 2026: actual 18.06M USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 9, 2026: actual 15.68M USD, estimate 19.21M USD, surprise -18.34%, Miss. Q3 2026, reported Sep 2, 2026: actual —, estimate 19.21M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy3100%
Hold00%
Sell00%
Strong sell00%

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