Caris Life Sciences Reports Remarkable Preliminary Fourth Quarter and Full Year 2025 Results
NASDAQ: CAI - Caris Life Sciences, a pioneering force in precision medicine and next-generation AI TechBio, has announced its preliminary unaudited financial results for Q4 and the entirety of fiscal year 2025. The company reported a significant growth trajectory, showcasing the efficacy of its molecular profiling services.
Fourth Quarter 2025 Financial Overview
For the three-month period ending December 31, 2025, Caris Life Sciences achieved total revenues of approximately $281 million, marking an impressive increase of around 116% compared to the same timeframe in 2024. This revenue surge is primarily attributed to:
- Approximately $270 million generated from molecular profiling services (which includes about $81 million in prior period true-ups).
- About $11 million from pharmaceutical research and development services.
During this quarter, the company completed about 52,700 clinical therapy selection cases, which reflects an increase of approximately 20%. The breakdown of these cases includes approximately 44,150 MI Profile cases and approximately 8,550 Caris Assure cases.
Full Year 2025 Financial Highlights
For the fiscal year ending December 31, 2025, Caris reported total revenues of almost $800 million, representing a remarkable growth of 94% year-on-year. Key components of this revenue included:
- Approximately $755 million from molecular profiling services (inclusive of around $33 million in prior year true-ups).
- Approximately $45 million attributable to pharma research and development services.
During the full year, Caris completed around 199,300 clinical therapy selection cases, translating to a 22% increase from the previous year. This consists of approximately 170,300 MI Profile cases and about 29,000 Caris Assure cases.
Strong Cash Position
As of December 31, 2025, Caris Life Sciences reported preliminary unaudited cash, cash equivalents, restricted cash, and marketable securities totaling approximately $802 million, showcasing a net increase of around $43 million from September 30, 2025.
Leadership Commentary
David D. Halbert, Founder, Chairman, and CEO, expressed enthusiasm about the company's achievements: "2025 was a breakthrough year for Caris as we became a public company and demonstrated the scale and impact of our comprehensive molecular profiling platform. We continue to focus on expanding clinical adoption, advancing a differentiated pipeline, and building the foundation for what we believe will be a new standard in precision medicine."
Upcoming Presentation
This announcement precedes Caris Life Sciences' presentation today at the 44th Annual J.P. Morgan Healthcare Conference at 1:30 PM Pacific Time. The presentation will cover these financial results along with additional business updates. For those interested, materials and webcasts will be available on the company's investor relations website.
Future Guidance and Reporting
Caris Life Sciences has noted that the financial information provided is preliminary and unaudited. The final results may differ as the company completes its customary year-end reviews and preparations. Complete Q4 and full year 2025 financial results are expected to be announced during the earnings call scheduled for late February 2026.
About Caris Life Sciences
Caris Life Sciences® is at the forefront of precision medicine, developing cutting-edge solutions through comprehensive molecular profiling such as Whole Exome and Whole Transcriptome Sequencing. The company leverages advanced AI and machine learning technologies to create a unique platform designed to improve patient outcomes in healthcare.
Headquartered in Irving, Texas, Caris operates internationally with offices in several major cities including Phoenix, New York, Cambridge (MA), Tokyo, Japan, and Basel, Switzerland.