Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Biolife Solutions Inc.BLFS · healthcare | |
|---|---|
| Grade |  B/Con the B/C boundary of 371 graded peers; percentile 39.5, sampling error 2.5 points; lower is stronger |
| Rank | 147 of 371 |
| Profitability | Dpercentile 63.7 |
| Solvency | Apercentile 13.9 |
| Growth and financing | Cpercentile 56.9 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $405.9M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none active · fortress balance sheetnot computable: dilution |
| Inputs computable | 7 of 14 |
| Graded from | filings received through Apr 28, 2026164 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $38.602026-10-05; market equity $1.9B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Feb 26, 2026; the document on sec.gov.
The following discussion of our business contains forward-looking statements that involve risks and uncertainties (see the section entitled “Forward-Looking Statements” herein). Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those factors set forth under “Risk Factors” and elsewhere in this Form 10-K. We are a life sciences company that develops, manufactures, and markets bioproduction products and services which are designed to improve quality and de-risk biologic manufacturing, distribution, and transportation in the cell and gene therapy ("CGT") industry.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 63.7 | |||||||
| Gross profitability | 15.3% | [1,5] | 32.2% | 69.5 | 372 | 2025-12-31 | |
| Return on invested capital | not computable | 9.3% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | (6.1%) | [1,6-8] | (6.6%) | 57.9 | 811 | 2025-12-31 | |
| Gross margin stability, five years | not computable | 2.8 pts | |||||
| five consecutive annual gross margins are required | |||||||
| Solvency, sleeve percentile 13.9 | |||||||
| Twelve-month failure probability | 0.01% | 0.07% | 2.4 | 248 | 2026-06-30 | ||
| Altman Z double-prime | 10.32 | [1,9-14] | (0.31) | 8.5 | 756 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 1.82x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | not computable | (4.51x) | |||||
| interest expense must exceed $100,000 | |||||||
| Current ratio | 5.94x | [9-10] | 2.96x | 30.8 | 839 | 2025-12-31 | |
| Growth and financing, sleeve percentile 56.9 | |||||||
| Revenue growth, three-year compound | 8.1% | [2,15-17] | 10.0% | 54.1 | 415 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 10.9% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 37.1% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (3.4%) | [1,8,18-19] | 2.1% | 59.6 | 704 | 2025-12-31 | |
| Net share issuance, one year | not computable | 2.5% | |||||
| prior share count is 48 days earlier | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.110; sampling error 2.5 percentile points on 371 peers.
Among 371 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 142 | Sunshine Biopharma Inc. (SBFMW) Sunshine Biopharma Inc. (SBFMW) B/Con the B/C boundary; percentile 38.0 Nasdaq · Pharmaceutical Preparations last close $0.03 Warnings: late filer; 7 of 14 inputs | 38.0 | B/C | late filer |
| 143 | Artivion, Inc. (AORT) Artivion, Inc. (AORT) B/Con the B/C boundary; percentile 38.4 NYSE · Surgical & Medical Instruments & Apparatus market equity $1.0B; last close $21.18 No active warnings; 11 of 14 inputs | 38.4 | B/C | |
| 144 | Lakeland Industries Inc. (LAKE) Lakeland Industries Inc. (LAKE) B/Con the B/C boundary; percentile 38.6 Nasdaq · Orthopedic, Prosthetic & Surgical Appliances & Supplies market equity $100.2M; last close $10.10 Warnings: late filer, fortress balance sheet; 8 of 14 inputs | 38.6 | B/C | late filer, fortress balance sheet |
| 145 | LifeStance Health Group, Inc. (LFST) LifeStance Health Group, Inc. (LFST) B/Con the B/C boundary; percentile 38.9 Nasdaq · Services-Health Services market equity $4.6B; last close $12.05 No active warnings; 10 of 14 inputs | 38.9 | B/C | |
| 146 | UroGen Pharma Ltd. (URGN) UroGen Pharma Ltd. (URGN) B/Con the B/C boundary; percentile 39.2 Nasdaq · Pharmaceutical Preparations market equity $1.8B; last close $36.96 Warnings: short runway; 9 of 14 inputs | 39.2 | B/C | short runway |
| 147 | Biolife Solutions Inc. (BLFS) Biolife Solutions Inc. (BLFS) B/Con the B/C boundary; percentile 39.5 Nasdaq · Electromedical & Electrotherapeutic Apparatus market equity $1.9B; last close $38.60 Warnings: fortress balance sheet; 7 of 14 inputs | 39.5 | B/C | fortress balance sheet |
| 148 | Celldex Therapeutics, Inc. (CLDX) Celldex Therapeutics, Inc. (CLDX) B/Con the B/C boundary; percentile 39.7 Nasdaq · In Vitro & In Vivo Diagnostic Substances market equity $2.3B; last close $29.29 Warnings: short runway; 9 of 14 inputs | 39.7 | B/C | short runway |
| 149 | National Healthcare Corp. (NHC) National Healthcare Corp. (NHC) B/Con the B/C boundary; percentile 40.0 NYSE · Services-Skilled Nursing Care Facilities market equity $3.5B; last close $223.10 Warnings: fortress balance sheet; 9 of 14 inputs | 40.0 | B/C | fortress balance sheet |
| 150 | ImmunityBio, Inc. (IBRX) ImmunityBio, Inc. (IBRX) B/Con the B/C boundary; percentile 40.3 Nasdaq · Biological Products, (No Diagnostic Substances) market equity $10.5B; last close $9.91 Warnings: short runway; 9 of 14 inputs | 40.3 | B/C | short runway |
| 151 | Shattuck Labs, Inc. (STTK) Shattuck Labs, Inc. (STTK) B/Con the B/C boundary; percentile 40.5 Nasdaq · Pharmaceutical Preparations market equity $568.1M; last close $5.66 Warnings: dilution; 7 of 14 inputs | 40.5 | B/C | dilution |
| 152 | Myomo, Inc. (MYO) Myomo, Inc. (MYO) B/Con the B/C boundary; percentile 40.8 NYSE · Orthopedic, Prosthetic & Surgical Appliances & Supplies market equity $55.8M; last close $1.40 Warnings: fortress balance sheet; 9 of 14 inputs | 40.8 | B/C | fortress balance sheet |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | B | 25.9 | 2204 |
| sector peers, equal sleeves (the grade) | B/C | 39.5 | 371 |
| same exchange, equal sleeves | B | 29.7 | 1219 |
| sector peers, equal inputs | B | 29.2 | 371 |
Each letter is one fifth of the 371 graded peers, about 74 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-05 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 45.3% | 8.0% | 73 | hotter than 73 of 100 peers |
| Distance from 52-week high | (1.6%) | (31.4%) | 96 | closer to its high than 96 of 100 peers |
| EBIT to enterprise value | (0.9%) | (1.5%) | 52 | pricier than 48 of 100 peers |
| Free cash flow yield | 0.6% | (1.0%) | 57 | pricier than 43 of 100 peers |
| Book value to price | 0.22 | 0.28 | 43 | pricier than 57 of 100 peers |
| Sales to price | 0.05 | 0.31 | 17 | pricier than 83 of 100 peers |
| Composite equity issuance, five years | 38.1% | 20.3% | 63 | more equity-funded than 63 of 100 peers |
| Relative strength against the sector, log excess return | 0.16 | (0.14) | 73 | ahead of 73 of 100 peers |
Inputs: market equity $1.9B; EBIT -$16.6M; free cash flow $10.6M; book equity $420.0M; sales $96.2M; debt $0; cash $24.0M[20].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (1.2%) | ✗ fail[6,8] |
| Operating cash flow above zero | $20.1M | ✓ pass[7] |
| Return on assets improved | 3.7 pts | ✓ pass[6,8,18,21] |
| Operating cash flow exceeds net income | $24.7M | ✓ pass[6-7] |
| Long-term leverage fell | (1.2 pts) | ✓ pass[1,8,18,22-23] |
| Current ratio improved | 139.8 pts | ✓ pass[9-10,24-25] |
| No new shares issued | n/a[26-27] | |
| Gross margin improved | n/a[2,5] | |
| Asset turnover improved | 6.0 pts | ✓ pass[2,8,15,18] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $24.0M[28] |
| Operating cash flow, four quarters | $16.9M[7,28-32] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 64 |
| 10-Q received Aug 6, 2026 | |
| Median daily dollar volume | $26.4M |
| 63 sessions | |
| Days since newest grade input | 164 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $405.9M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $96.2M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $33.0M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebt | $5.0M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 5 | gross profit | us-gaap:GrossProfit | $62.1M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | -$4.6M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $20.1M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $399.5M | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 9 | current assets | us-gaap:AssetsCurrent | $136.6M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 10 | current liabilities | us-gaap:LiabilitiesCurrent | $23.0M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 11 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$339.7M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 12 | operating income | us-gaap:OperatingIncomeLoss | -$16.6M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 13 | book equity | us-gaap:StockholdersEquity | $371.9M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 14 | liabilities | us-gaap:Liabilities | $34.0M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $74.6M | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $68.0M | 2023-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $76.2M | 2022-12-31 | 2025-03-03 | 10-K | filing · viewer · series |
| 18 | assets | us-gaap:Assets | $412.7M | 2023-12-31 | 2025-03-03 | 10-K | filing · viewer · series |
| 19 | assets | us-gaap:Assets | $450.2M | 2022-12-31 | 2024-02-29 | 10-K | filing · viewer · series |
| 20 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 48,906,704 | 2026-07-30 | 2026-08-06 | 10-Q | filing · viewer · series |
| 21 | net income | us-gaap:NetIncomeLoss | -$20.2M | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 22 | long term debt | us-gaap:LongTermDebtNoncurrent | $0 | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 23 | long term debt | us-gaap:LongTermDebtNoncurrent | $5.0M | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 24 | current assets | us-gaap:AssetsCurrent | $148.8M | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 25 | current liabilities | us-gaap:LiabilitiesCurrent | $32.7M | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 26 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 48,900,000 | 2026-04-08 | 2026-04-28 | 10-K/A | filing · viewer · series |
| 27 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 48,300,000 | 2026-02-19 | 2026-02-26 | 10-K | filing · viewer · series |
| 28 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $24.0M | 2026-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
| 29 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $5.9M | 2026-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$491,000 | 2026-03-31 | 2026-05-07 | 10-Q | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $15.2M | 2025-09-30 | 2025-11-06 | 10-Q | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $9.1M | 2025-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 39.5 is 0.5 points from the nearest band edge; sampling error is 2.5 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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